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%14.7%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,509,170
2 years$788,998$774,304$760,063$746,255$732,861$702,920
3 years$520,774$506,016$491,811$478,133$464,957$435,848
4 years$386,688$371,975$357,912$344,468$331,612$303,557
5 years$306,257$291,633$277,755$264,584$252,086$225,167
6 years$252,655$238,140$224,467$211,590$199,467$173,713
7 years$214,382$199,990$186,533$173,960$162,220$137,638
8 years$185,691$171,428$158,195$145,931$134,577$111,160
9 years$163,387$149,259$136,253$124,301$113,333$91,065
10 years$145,554$131,565$118,789$107,148$96,566$75,426
11 years$130,973$117,124$104,580$93,251$83,050$63,014
12 years$118,831$105,124$92,812$81,794$71,969$53,008
13 years$108,565$95,002$82,921$72,212$62,759$44,842
14 years$99,774$86,354$74,505$64,101$55,014$38,108
15 years$92,161$78,886$67,268$57,167$48,438$32,508
16 years$85,506$72,376$60,988$51,187$42,810$27,819
17 years$79,641$66,656$55,497$45,991$37,958$23,870
18 years$74,433$61,593$50,662$41,447$33,751$20,528
19 years$69,778$57,084$46,378$37,451$30,083$17,687
20 years$65,595$53,045$42,564$33,919$26,871$15,265
21 years$61,814$49,409$39,150$30,784$24,046$13,192
22 years$58,382$46,122$36,083$27,990$21,554$11,414
23 years$55,253$43,137$33,316$25,491$19,348$9,886
24 years$52,389$40,416$30,812$23,249$17,390$8,570
25 years$49,758$37,929$28,538$21,232$15,649$7,435
26 years$47,334$35,647$26,468$19,414$14,096$6,454
27 years$45,093$33,548$24,578$17,770$12,709$5,606
28 years$43,015$31,612$22,848$16,281$11,467$4,872
29 years$41,085$29,822$21,262$14,930$10,355$4,236
30 years$39,286$28,164$19,805$13,702$9,356$3,684
31 years$37,607$26,624$18,463$12,584$8,459$3,205
32 years$36,036$25,192$17,227$11,565$7,652$2,789
33 years$34,563$23,857$16,085$10,635$6,925$2,428
34 years$33,180$22,611$15,029$9,785$6,269$2,114
35 years$31,879$21,446$14,051$9,008$5,678$1,840
36 years$30,653$20,356$13,144$8,296$5,145$1,603
37 years$29,496$19,333$12,303$7,644$4,663$1,396
38 years$28,402$18,374$11,521$7,045$4,228$1,216
39 years$27,367$17,471$10,794$6,496$3,834$1,060
40 years$26,386$16,623$10,117$5,992$3,477$923
41 years$25,456$15,823$9,487$5,528$3,155$805
42 years$24,572$15,070$8,899$5,102$2,863$701
43 years$23,731$14,358$8,350$4,710$2,598$611
44 years$22,931$13,686$7,838$4,349$2,358$532
45 years$22,169$13,051$7,360$4,016$2,141$464
46 years$21,442$12,450$6,912$3,710$1,944$405
47 years$20,748$11,881$6,494$3,427$1,765$353
48 years$20,085$11,342$6,103$3,167$1,603$307
49 years$19,450$10,831$5,736$2,927$1,456$268
50 years$18,844$10,347$5,393$2,705$1,322$234

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 $2,940 every year, while hoping to spend $53,745 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: 29/45/26 Blend
68$19,300,000$19,300,000$19,300,000$19,300,000
69$21,271,633$20,248,733$19,949,583$21,716,872
70$23,384,155$21,183,736$20,560,709$23,001,210
71$25,710,353$22,162,754$21,190,508$24,376,103
72$28,271,966$23,187,885$21,839,546$25,853,172
73$31,092,946$24,261,331$22,508,411$27,441,267
74$34,199,689$25,385,399$23,197,705$29,150,076
75$37,621,281$26,562,508$23,908,052$30,990,203
76$41,389,772$27,795,191$24,640,092$32,973,258
77$45,540,479$29,086,105$25,394,485$35,111,962
78$50,112,320$30,438,037$26,171,913$37,420,248
79$55,148,181$31,853,905$26,973,076$39,913,388
80$60,695,318$33,336,769$27,798,697$42,608,124
81$66,805,807$34,889,837$28,649,519$45,522,813
82$73,537,032$36,516,471$29,526,311$48,677,586
83$80,952,228$38,220,197$30,429,861$52,094,529
84$89,121,079$40,004,710$31,360,985$55,797,875
85$98,120,371$41,873,884$32,320,521$59,814,217
86$108,034,724$43,831,779$33,309,333$64,172,746
87$118,957,381$45,882,651$34,328,311$68,905,512
88$130,991,098$48,030,965$35,378,373$74,047,705
89$144,249,106$50,281,398$36,460,464$79,637,975
90$158,856,183$52,638,856$37,575,559$85,718,775
91$174,949,833$55,108,479$38,724,659$92,336,746
92$192,681,580$57,695,658$39,908,800$99,543,135
93$212,218,402$60,406,046$41,129,045$107,394,258
94$233,744,303$63,245,567$42,386,492$115,952,012
95$257,462,055$66,220,432$43,682,273$125,284,434
96$283,595,106$69,337,155$45,017,550$135,466,322
97$312,389,694$72,602,563$46,393,525$146,579,914
98$344,117,168$76,023,814$47,811,433$158,715,639
99$379,076,552$79,608,413$49,272,549$171,972,944
100$417,597,365$83,364,230$50,778,184$186,461,206