Can I retire at age 69 with 19,300,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,490,938
2 years$788,998$774,304$760,063$746,255$732,861$684,859
3 years$520,774$506,016$491,811$478,133$464,957$418,529
4 years$386,688$371,975$357,912$344,468$331,612$287,113
5 years$306,257$291,633$277,755$264,584$252,086$209,637
6 years$252,655$238,140$224,467$211,590$199,467$159,104
7 years$214,382$199,990$186,533$173,960$162,220$123,941
8 years$185,691$171,428$158,195$145,931$134,577$98,355
9 years$163,387$149,259$136,253$124,301$113,333$79,129
10 years$145,554$131,565$118,789$107,148$96,566$64,329
11 years$130,973$117,124$104,580$93,251$83,050$52,722
12 years$118,831$105,124$92,812$81,794$71,969$43,487
13 years$108,565$95,002$82,921$72,212$62,759$36,054
14 years$99,774$86,354$74,505$64,101$55,014$30,016
15 years$92,161$78,886$67,268$57,167$48,438$25,073
16 years$85,506$72,376$60,988$51,187$42,810$21,002
17 years$79,641$66,656$55,497$45,991$37,958$17,633
18 years$74,433$61,593$50,662$41,447$33,751$14,832
19 years$69,778$57,084$46,378$37,451$30,083$12,496
20 years$65,595$53,045$42,564$33,919$26,871$10,542
21 years$61,814$49,409$39,150$30,784$24,046$8,903
22 years$58,382$46,122$36,083$27,990$21,554$7,526
23 years$55,253$43,137$33,316$25,491$19,348$6,367
24 years$52,389$40,416$30,812$23,249$17,390$5,390
25 years$49,758$37,929$28,538$21,232$15,649$4,565
26 years$47,334$35,647$26,468$19,414$14,096$3,869
27 years$45,093$33,548$24,578$17,770$12,709$3,280
28 years$43,015$31,612$22,848$16,281$11,467$2,781
29 years$41,085$29,822$21,262$14,930$10,355$2,359
30 years$39,286$28,164$19,805$13,702$9,356$2,002
31 years$37,607$26,624$18,463$12,584$8,459$1,699
32 years$36,036$25,192$17,227$11,565$7,652$1,442
33 years$34,563$23,857$16,085$10,635$6,925$1,224
34 years$33,180$22,611$15,029$9,785$6,269$1,039
35 years$31,879$21,446$14,051$9,008$5,678$882
36 years$30,653$20,356$13,144$8,296$5,145$749
37 years$29,496$19,333$12,303$7,644$4,663$636
38 years$28,402$18,374$11,521$7,045$4,228$541
39 years$27,367$17,471$10,794$6,496$3,834$459
40 years$26,386$16,623$10,117$5,992$3,477$390
41 years$25,456$15,823$9,487$5,528$3,155$331
42 years$24,572$15,070$8,899$5,102$2,863$281
43 years$23,731$14,358$8,350$4,710$2,598$239
44 years$22,931$13,686$7,838$4,349$2,358$203
45 years$22,169$13,051$7,360$4,016$2,141$172
46 years$21,442$12,450$6,912$3,710$1,944$147
47 years$20,748$11,881$6,494$3,427$1,765$124
48 years$20,085$11,342$6,103$3,167$1,603$106
49 years$19,450$10,831$5,736$2,927$1,456$90
50 years$18,844$10,347$5,393$2,705$1,322$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $19,300,000, adding $6,976 every year, while hoping to spend $41,206 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: 68/20/12 Blend
68$19,300,000$19,300,000$19,300,000$19,300,000
69$21,275,796$20,252,896$19,953,746$22,666,353
70$23,402,084$21,201,445$20,578,353$24,540,423
71$25,743,873$22,195,092$21,222,504$26,583,735
72$28,323,099$23,236,003$21,886,810$28,817,393
73$31,163,937$24,326,449$22,571,900$31,260,067
74$34,293,025$25,468,811$23,278,425$33,932,297
75$37,739,717$26,665,586$24,007,055$36,856,688
76$41,536,358$27,919,390$24,758,482$40,058,113
77$45,718,594$29,232,967$25,533,418$43,563,947
78$50,325,701$30,609,193$26,332,598$47,404,319
79$55,400,963$32,051,084$27,156,781$51,612,388
80$60,992,077$33,561,802$28,006,748$56,224,659
81$67,151,601$35,144,663$28,883,306$61,281,311
82$73,937,453$36,803,141$29,787,286$66,826,579
83$81,413,459$38,540,880$30,719,546$72,909,162
84$89,649,951$40,361,702$31,680,969$79,582,676
85$98,724,432$42,269,612$32,672,469$86,906,152
86$108,722,312$44,268,811$33,694,984$94,944,590
87$119,737,707$46,363,702$34,749,485$103,769,563
88$131,874,333$48,558,903$35,836,973$113,459,883
89$145,246,481$50,859,255$36,958,477$124,102,339
90$159,980,098$53,269,835$38,115,063$135,792,509
91$176,213,977$55,795,965$39,307,825$148,635,650
92$194,101,062$58,443,227$40,537,897$162,747,686
93$213,809,897$61,217,472$41,806,444$178,256,288
94$235,526,215$64,124,837$43,114,668$195,302,074
95$259,454,691$67,171,756$44,463,811$214,039,922
96$285,820,872$70,364,975$45,855,152$234,640,425
97$314,873,311$73,711,568$47,290,009$257,291,484
98$346,885,908$77,218,954$48,769,743$282,200,075
99$382,160,498$80,894,910$50,295,758$309,594,187
100$421,029,702$84,747,594$51,869,499$339,724,965