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

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,496,948
2 years$788,998$774,304$760,063$746,255$732,861$690,793
3 years$520,774$506,016$491,811$478,133$464,957$424,198
4 years$386,688$371,975$357,912$344,468$331,612$292,475
5 years$306,257$291,633$277,755$264,584$252,086$214,679
6 years$252,655$238,140$224,467$211,590$199,467$163,826
7 years$214,382$199,990$186,533$173,960$162,220$128,346
8 years$185,691$171,428$158,195$145,931$134,577$102,452
9 years$163,387$149,259$136,253$124,301$113,333$82,928
10 years$145,554$131,565$118,789$107,148$96,566$67,840
11 years$130,973$117,124$104,580$93,251$83,050$55,959
12 years$118,831$105,124$92,812$81,794$71,969$46,463
13 years$108,565$95,002$82,921$72,212$62,759$38,782
14 years$99,774$86,354$74,505$64,101$55,014$32,511
15 years$92,161$78,886$67,268$57,167$48,438$27,350
16 years$85,506$72,376$60,988$51,187$42,810$23,074
17 years$79,641$66,656$55,497$45,991$37,958$19,515
18 years$74,433$61,593$50,662$41,447$33,751$16,537
19 years$69,778$57,084$46,378$37,451$30,083$14,038
20 years$65,595$53,045$42,564$33,919$26,871$11,933
21 years$61,814$49,409$39,150$30,784$24,046$10,156
22 years$58,382$46,122$36,083$27,990$21,554$8,653
23 years$55,253$43,137$33,316$25,491$19,348$7,378
24 years$52,389$40,416$30,812$23,249$17,390$6,295
25 years$49,758$37,929$28,538$21,232$15,649$5,375
26 years$47,334$35,647$26,468$19,414$14,096$4,592
27 years$45,093$33,548$24,578$17,770$12,709$3,924
28 years$43,015$31,612$22,848$16,281$11,467$3,355
29 years$41,085$29,822$21,262$14,930$10,355$2,870
30 years$39,286$28,164$19,805$13,702$9,356$2,455
31 years$37,607$26,624$18,463$12,584$8,459$2,101
32 years$36,036$25,192$17,227$11,565$7,652$1,798
33 years$34,563$23,857$16,085$10,635$6,925$1,539
34 years$33,180$22,611$15,029$9,785$6,269$1,318
35 years$31,879$21,446$14,051$9,008$5,678$1,128
36 years$30,653$20,356$13,144$8,296$5,145$966
37 years$29,496$19,333$12,303$7,644$4,663$827
38 years$28,402$18,374$11,521$7,045$4,228$709
39 years$27,367$17,471$10,794$6,496$3,834$607
40 years$26,386$16,623$10,117$5,992$3,477$520
41 years$25,456$15,823$9,487$5,528$3,155$445
42 years$24,572$15,070$8,899$5,102$2,863$382
43 years$23,731$14,358$8,350$4,710$2,598$327
44 years$22,931$13,686$7,838$4,349$2,358$280
45 years$22,169$13,051$7,360$4,016$2,141$240
46 years$21,442$12,450$6,912$3,710$1,944$206
47 years$20,748$11,881$6,494$3,427$1,765$176
48 years$20,085$11,342$6,103$3,167$1,603$151
49 years$19,450$10,831$5,736$2,927$1,456$129
50 years$18,844$10,347$5,393$2,705$1,322$111

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 $4,816 every year, while hoping to spend $55,475 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: 62/10/28 Blend
68$19,300,000$19,300,000$19,300,000$19,300,000
69$21,273,568$20,250,668$19,951,518$22,432,433
70$23,384,447$21,183,925$20,560,869$24,153,863
71$25,708,776$22,161,054$21,188,773$26,026,286
72$28,268,269$23,184,143$21,835,795$28,069,740
73$31,086,852$24,255,386$22,502,514$30,300,970
74$34,190,890$25,377,079$23,189,527$32,738,405
75$37,609,435$26,551,630$23,897,451$35,402,324
76$41,374,500$27,781,563$24,626,918$38,315,049
77$45,521,363$29,069,523$25,378,583$41,501,148
78$50,088,895$30,418,283$26,153,119$44,987,668
79$55,119,933$31,830,749$26,951,219$48,804,381
80$60,661,679$33,309,968$27,773,598$52,984,064
81$66,766,147$34,859,134$28,620,990$57,562,804
82$73,490,656$36,481,593$29,494,156$62,580,332
83$80,898,367$38,180,856$30,393,874$68,080,399
84$89,058,883$39,960,600$31,320,951$74,111,178
85$98,048,900$41,824,681$32,276,214$80,725,717
86$107,952,939$43,777,141$33,260,518$87,982,433
87$118,864,136$45,822,218$34,274,743$95,945,660
88$130,885,125$47,964,353$35,319,794$104,686,252
89$144,129,005$50,208,204$36,396,604$114,282,240
90$158,720,410$52,558,652$37,506,137$124,819,569
91$174,796,680$55,020,815$38,649,381$136,392,901
92$192,509,164$57,600,058$39,827,358$149,106,501
93$212,024,643$60,302,005$41,041,118$163,075,214
94$233,526,907$63,132,552$42,291,746$178,425,546
95$257,218,487$66,097,883$43,580,355$195,296,845
96$283,322,571$69,204,478$44,908,096$213,842,616
97$312,085,108$72,459,132$46,276,151$234,231,956
98$343,777,128$75,868,968$47,685,741$256,651,143
99$378,697,303$79,441,456$49,138,121$281,305,391
100$417,174,765$83,184,425$50,634,586$308,420,771