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%13.5%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,508,778
2 years$784,910$770,292$756,124$742,388$729,064$706,688
3 years$518,075$503,394$489,263$475,655$462,548$440,748
4 years$384,684$370,048$356,058$342,683$329,893$308,837
5 years$304,671$290,122$276,316$263,213$250,780$230,528
6 years$251,346$236,907$223,304$210,494$198,433$179,010
7 years$213,271$198,954$185,567$173,059$161,380$142,792
8 years$184,728$170,540$157,375$145,175$133,880$116,125
9 years$162,540$148,486$135,547$123,656$112,746$95,815
10 years$144,800$130,883$118,173$106,593$96,065$79,946
11 years$130,295$116,517$104,038$92,768$82,619$67,295
12 years$118,216$104,580$92,331$81,370$71,596$57,049
13 years$108,003$94,510$82,492$71,837$62,433$48,643
14 years$99,257$85,907$74,119$63,769$54,729$41,673
15 years$91,683$78,477$66,919$56,871$48,187$35,844
16 years$85,063$72,001$60,672$50,922$42,588$30,933
17 years$79,228$66,311$55,209$45,753$37,762$26,771
18 years$74,047$61,274$50,399$41,233$33,576$23,223
19 years$69,417$56,788$46,138$37,257$29,927$20,187
20 years$65,255$52,770$42,343$33,743$26,731$17,579
21 years$61,494$49,153$38,947$30,624$23,921$15,331
22 years$58,080$45,883$35,896$27,845$21,442$13,387
23 years$54,967$42,913$33,144$25,359$19,248$11,704
24 years$52,118$40,207$30,652$23,128$17,300$10,242
25 years$49,501$37,732$28,390$21,122$15,568$8,970
26 years$47,089$35,462$26,330$19,313$14,023$7,862
27 years$44,859$33,374$24,450$17,678$12,643$6,895
28 years$42,793$31,448$22,730$16,197$11,408$6,050
29 years$40,872$29,668$21,152$14,853$10,301$5,312
30 years$39,083$28,018$19,702$13,631$9,308$4,666
31 years$37,412$26,486$18,368$12,519$8,415$4,100
32 years$35,850$25,062$17,137$11,505$7,612$3,603
33 years$34,384$23,734$16,001$10,580$6,889$3,168
34 years$33,008$22,494$14,951$9,735$6,237$2,786
35 years$31,714$21,335$13,978$8,961$5,649$2,451
36 years$30,494$20,250$13,076$8,253$5,118$2,156
37 years$29,343$19,233$12,239$7,604$4,639$1,897
38 years$28,255$18,278$11,461$7,009$4,206$1,670
39 years$27,225$17,381$10,738$6,463$3,814$1,470
40 years$26,249$16,537$10,065$5,961$3,459$1,294
41 years$25,324$15,741$9,437$5,500$3,138$1,139
42 years$24,444$14,991$8,853$5,075$2,848$1,003
43 years$23,608$14,284$8,307$4,685$2,584$883
44 years$22,812$13,615$7,798$4,326$2,346$778
45 years$22,054$12,984$7,322$3,995$2,130$685
46 years$21,331$12,386$6,877$3,690$1,934$603
47 years$20,640$11,820$6,460$3,410$1,756$531
48 years$19,980$11,284$6,071$3,151$1,595$468
49 years$19,350$10,775$5,706$2,912$1,448$412
50 years$18,746$10,293$5,365$2,691$1,315$363

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 $5,528 every year, while hoping to spend $56,106 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: 60/20/20 Blend
68$19,200,000$19,200,000$19,200,000$19,200,000
69$21,164,102$20,146,502$19,848,902$22,322,765
70$23,263,144$21,073,984$20,454,144$24,035,423
71$25,574,408$22,045,033$21,077,781$25,896,408
72$28,119,481$23,061,723$21,720,370$27,925,486
73$30,922,151$24,126,230$22,382,485$30,138,960
74$34,008,630$25,240,834$23,064,718$32,554,761
75$37,407,800$26,407,926$23,767,676$35,192,615
76$41,151,490$27,630,008$24,491,987$38,074,222
77$45,274,771$28,909,708$25,238,298$41,223,455
78$49,816,291$30,249,777$26,007,274$44,666,583
79$54,818,635$31,653,099$26,799,601$48,432,511
80$60,328,733$33,122,697$27,615,984$52,553,049
81$66,398,297$34,661,742$28,457,153$57,063,205
82$73,084,311$36,273,556$29,323,855$62,001,509
83$80,449,570$37,961,620$30,216,864$67,410,371
84$88,563,272$39,729,584$31,136,974$73,336,475
85$97,501,668$41,581,276$32,085,006$79,831,211
86$107,348,787$43,520,707$33,061,802$86,951,155
87$118,197,222$45,552,082$34,068,231$94,758,592
88$130,149,013$47,679,807$35,105,191$103,322,100
89$143,316,599$49,908,505$36,173,602$112,717,185
90$157,823,890$52,243,019$37,274,415$123,026,988
91$173,807,428$54,688,428$38,408,609$134,343,060
92$191,417,680$57,250,056$39,577,192$146,766,214
93$210,820,457$59,933,482$40,781,202$160,407,471
94$232,198,480$62,744,559$42,021,709$175,389,095
95$255,753,103$65,689,421$43,299,814$191,845,736
96$281,706,215$68,774,497$44,616,653$209,925,690
97$310,302,332$72,006,531$45,973,394$229,792,289
98$341,810,909$75,392,590$47,371,241$251,625,428
99$376,528,879$78,940,085$48,811,436$275,623,250
100$414,783,460$82,656,784$50,295,254$302,004,007