Can I retire at age 69 with 19,400,000?

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 $19,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,515,129
2 years$793,086$778,316$764,001$750,121$736,659$704,711
3 years$523,472$508,638$494,359$480,610$467,367$436,322
4 years$388,691$373,903$359,767$346,252$333,330$303,428
5 years$307,844$293,144$279,194$265,955$253,392$224,717
6 years$253,964$239,374$225,630$212,686$200,500$173,084
7 years$215,493$201,026$187,500$174,861$163,061$136,908
8 years$186,653$172,317$159,015$146,687$135,274$110,377
9 years$164,233$150,033$136,959$124,945$113,921$90,262
10 years$146,308$132,246$119,404$107,703$97,066$74,623
11 years$131,652$117,731$105,121$93,734$83,480$62,225
12 years$119,447$105,669$93,293$82,218$72,342$52,243
13 years$109,128$95,494$83,351$72,586$63,084$44,106
14 years$100,290$86,801$74,891$64,434$55,299$37,406
15 years$92,638$79,295$67,617$57,463$48,689$31,844
16 years$85,949$72,751$61,304$51,452$43,032$27,193
17 years$80,053$67,001$55,784$46,229$38,155$23,283
18 years$74,818$61,912$50,924$41,662$33,926$19,979
19 years$70,140$57,380$46,619$37,645$30,239$17,176
20 years$65,934$53,320$42,784$34,095$27,010$14,790
21 years$62,135$49,665$39,353$30,943$24,171$12,753
22 years$58,685$46,361$36,270$28,135$21,666$11,009
23 years$55,539$43,360$33,489$25,623$19,448$9,513
24 years$52,661$40,626$30,972$23,369$17,481$8,227
25 years$50,016$38,125$28,686$21,342$15,730$7,120
26 years$47,579$35,832$26,605$19,514$14,169$6,166
27 years$45,326$33,722$24,705$17,862$12,774$5,343
28 years$43,238$31,776$22,966$16,365$11,527$4,632
29 years$41,298$29,977$21,372$15,007$10,408$4,017
30 years$39,490$28,310$19,907$13,773$9,404$3,485
31 years$37,802$26,762$18,559$12,649$8,503$3,024
32 years$36,223$25,323$17,316$11,625$7,691$2,625
33 years$34,743$23,981$16,168$10,690$6,961$2,280
34 years$33,352$22,728$15,106$9,836$6,302$1,980
35 years$32,044$21,558$14,123$9,055$5,708$1,719
36 years$30,812$20,461$13,212$8,339$5,172$1,494
37 years$29,648$19,434$12,366$7,683$4,687$1,298
38 years$28,549$18,469$11,581$7,082$4,249$1,128
39 years$27,509$17,562$10,850$6,530$3,854$980
40 years$26,523$16,709$10,169$6,023$3,495$852
41 years$25,587$15,905$9,536$5,557$3,171$740
42 years$24,699$15,148$8,945$5,128$2,877$643
43 years$23,854$14,433$8,393$4,734$2,611$559
44 years$23,050$13,757$7,879$4,371$2,370$486
45 years$22,284$13,119$7,398$4,037$2,152$423
46 years$21,553$12,515$6,948$3,729$1,954$367
47 years$20,855$11,943$6,528$3,445$1,774$319
48 years$20,189$11,401$6,134$3,183$1,611$278
49 years$19,551$10,887$5,766$2,942$1,463$241
50 years$18,941$10,400$5,421$2,719$1,329$210

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $19,400,000, adding $2,487 every year, while hoping to spend $28,545 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: 40/43/17 Blend
68$19,400,000$19,400,000$19,400,000$19,400,000
69$21,381,365$20,353,165$20,052,465$22,128,553
70$23,531,893$21,320,099$20,693,851$23,627,574
71$25,900,818$22,333,455$21,355,767$25,245,250
72$28,510,386$23,395,479$22,038,870$26,994,680
73$31,385,112$24,508,525$22,743,839$28,887,849
74$34,552,010$25,675,059$23,471,374$30,937,901
75$38,040,849$26,897,671$24,222,199$33,159,254
76$41,884,432$28,179,073$24,997,060$35,567,723
77$46,118,909$29,522,112$25,796,725$38,180,659
78$50,784,113$30,929,771$26,621,991$41,017,110
79$55,923,942$32,405,180$27,473,677$44,097,979
80$61,586,769$33,951,618$28,352,630$47,446,218
81$67,825,899$35,572,528$29,259,723$51,087,030
82$74,700,076$37,271,516$30,195,859$55,048,095
83$82,274,030$39,052,366$31,161,966$59,359,816
84$90,619,095$40,919,047$32,159,007$64,055,596
85$99,813,881$42,875,718$33,187,971$69,172,137
86$109,945,011$44,926,742$34,249,882$74,749,770
87$121,107,945$47,076,696$35,345,796$80,832,824
88$133,407,877$49,330,376$36,476,802$87,470,023
89$146,960,731$51,692,814$37,644,025$94,714,934
90$161,894,250$54,169,288$38,848,626$102,626,451
91$178,349,210$56,765,329$40,091,801$111,269,334
92$196,480,741$59,486,742$41,374,788$120,714,799
93$216,459,796$62,339,611$42,698,862$131,041,170
94$238,474,761$65,330,318$44,065,340$142,334,601
95$262,733,239$68,465,556$45,475,581$154,689,858
96$289,464,004$71,752,343$46,930,988$168,211,199
97$318,919,165$75,198,040$48,433,009$183,013,326
98$351,376,542$78,810,366$49,983,136$199,222,449
99$387,142,291$82,597,416$51,582,913$216,977,443
100$426,553,795$86,567,680$53,233,931$236,431,135