Can I retire at age 69 with 19,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $19,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,480,840
2 years$784,910$770,292$756,124$742,388$729,064$678,973
3 years$518,075$503,394$489,263$475,655$462,548$414,133
4 years$384,684$370,048$356,058$342,683$329,893$283,524
5 years$304,671$290,122$276,316$263,213$250,780$206,581
6 years$251,346$236,907$223,304$210,494$198,433$156,441
7 years$213,271$198,954$185,567$173,059$161,380$121,589
8 years$184,728$170,540$157,375$145,175$133,880$96,261
9 years$162,540$148,486$135,547$123,656$112,746$77,256
10 years$144,800$130,883$118,173$106,593$96,065$62,648
11 years$130,295$116,517$104,038$92,768$82,619$51,212
12 years$118,216$104,580$92,331$81,370$71,596$42,130
13 years$108,003$94,510$82,492$71,837$62,433$34,834
14 years$99,257$85,907$74,119$63,769$54,729$28,919
15 years$91,683$78,477$66,919$56,871$48,187$24,089
16 years$85,063$72,001$60,672$50,922$42,588$20,120
17 years$79,228$66,311$55,209$45,753$37,762$16,842
18 years$74,047$61,274$50,399$41,233$33,576$14,125
19 years$69,417$56,788$46,138$37,257$29,927$11,865
20 years$65,255$52,770$42,343$33,743$26,731$9,978
21 years$61,494$49,153$38,947$30,624$23,921$8,401
22 years$58,080$45,883$35,896$27,845$21,442$7,080
23 years$54,967$42,913$33,144$25,359$19,248$5,970
24 years$52,118$40,207$30,652$23,128$17,300$5,038
25 years$49,501$37,732$28,390$21,122$15,568$4,254
26 years$47,089$35,462$26,330$19,313$14,023$3,593
27 years$44,859$33,374$24,450$17,678$12,643$3,036
28 years$42,793$31,448$22,730$16,197$11,408$2,566
29 years$40,872$29,668$21,152$14,853$10,301$2,170
30 years$39,083$28,018$19,702$13,631$9,308$1,835
31 years$37,412$26,486$18,368$12,519$8,415$1,552
32 years$35,850$25,062$17,137$11,505$7,612$1,313
33 years$34,384$23,734$16,001$10,580$6,889$1,111
34 years$33,008$22,494$14,951$9,735$6,237$940
35 years$31,714$21,335$13,978$8,961$5,649$796
36 years$30,494$20,250$13,076$8,253$5,118$673
37 years$29,343$19,233$12,239$7,604$4,639$570
38 years$28,255$18,278$11,461$7,009$4,206$482
39 years$27,225$17,381$10,738$6,463$3,814$408
40 years$26,249$16,537$10,065$5,961$3,459$346
41 years$25,324$15,741$9,437$5,500$3,138$293
42 years$24,444$14,991$8,853$5,075$2,848$248
43 years$23,608$14,284$8,307$4,685$2,584$210
44 years$22,812$13,615$7,798$4,326$2,346$178
45 years$22,054$12,984$7,322$3,995$2,130$150
46 years$21,331$12,386$6,877$3,690$1,934$127
47 years$20,640$11,820$6,460$3,410$1,756$108
48 years$19,980$11,284$6,071$3,151$1,595$91
49 years$19,350$10,775$5,706$2,912$1,448$77
50 years$18,746$10,293$5,365$2,691$1,315$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $19,200,000, adding $5,522 every year, while hoping to spend $56,467 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 35/42/23 Blend
68$19,200,000$19,200,000$19,200,000$19,200,000
69$21,164,096$20,146,496$19,848,896$21,756,952
70$23,262,753$21,073,594$20,453,754$23,122,852
71$25,573,581$22,044,227$21,076,981$24,590,045
72$28,118,161$23,060,469$21,719,135$26,171,993
73$30,920,275$24,124,493$22,380,787$27,878,963
74$34,006,127$25,238,577$23,062,528$29,722,206
75$37,404,594$26,405,109$23,764,964$31,714,055
76$41,147,494$27,626,591$24,488,722$33,868,034
77$45,269,890$28,905,646$25,234,446$36,198,977
78$49,810,420$30,245,024$26,002,801$38,723,154
79$54,811,658$31,647,605$26,794,470$41,458,420
80$60,320,520$33,116,411$27,610,158$44,424,368
81$66,388,706$34,654,608$28,450,591$47,642,506
82$73,073,185$36,265,514$29,316,516$51,136,448
83$80,436,734$37,952,609$30,208,704$54,932,122
84$88,548,534$39,719,539$31,127,948$59,058,008
85$97,484,815$41,570,128$32,075,066$63,545,385
86$107,329,583$43,508,381$33,050,898$68,428,621
87$118,175,410$45,538,501$34,056,312$73,745,477
88$130,124,304$47,664,890$35,092,200$79,537,451
89$143,288,678$49,892,164$36,159,484$85,850,153
90$157,792,406$52,225,164$37,259,110$92,733,719
91$173,771,996$54,668,961$38,392,055$100,243,267
92$191,377,874$57,228,875$39,559,323$108,439,398
93$210,775,807$59,910,480$40,761,950$117,388,753
94$232,148,468$62,719,621$42,001,003$127,164,615
95$255,697,155$65,662,426$43,277,581$137,847,589
96$281,643,700$68,745,320$44,592,815$149,526,333
97$310,232,553$71,975,037$45,947,870$162,298,377
98$341,733,097$75,358,637$47,343,947$176,271,018
99$376,442,186$78,903,523$48,782,283$191,562,308
100$414,686,951$82,617,457$50,264,150$208,302,144