Can I retire at age 69 with 19,500,000?

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,516,136
2 years$797,174$782,328$767,939$753,988$740,456$701,590
3 years$526,170$511,260$496,907$483,087$469,776$432,080
4 years$390,695$375,830$361,621$348,037$335,048$298,813
5 years$309,431$294,655$280,633$267,326$254,698$220,025
6 years$255,273$240,608$226,793$213,783$201,534$168,457
7 years$216,603$202,062$188,466$175,763$163,901$132,423
8 years$187,615$173,205$159,834$147,443$135,972$106,079
9 years$165,080$150,806$137,665$125,589$114,508$86,175
10 years$147,062$132,928$120,020$108,259$97,566$70,761
11 years$132,330$118,338$105,663$94,217$83,910$58,593
12 years$120,063$106,214$93,774$82,641$72,715$48,842
13 years$109,690$95,986$83,780$72,960$63,409$40,933
14 years$100,807$87,249$75,277$64,766$55,584$34,455
15 years$93,116$79,703$67,965$57,760$48,940$29,108
16 years$86,392$73,126$61,620$51,717$43,254$24,663
17 years$80,466$67,347$56,072$46,468$38,352$20,950
18 years$75,204$62,231$51,187$41,877$34,101$17,832
19 years$70,501$57,675$46,859$37,839$30,395$15,205
20 years$66,274$53,595$43,005$34,271$27,149$12,985
21 years$62,455$49,921$39,556$31,103$24,295$11,102
22 years$58,987$46,600$36,457$28,280$21,777$9,503
23 years$55,826$43,584$33,662$25,755$19,549$8,141
24 years$52,932$40,835$31,131$23,490$17,571$6,980
25 years$50,274$38,322$28,834$21,452$15,811$5,988
26 years$47,824$36,016$26,742$19,615$14,242$5,140
27 years$45,560$33,896$24,832$17,954$12,840$4,414
28 years$43,461$31,940$23,085$16,450$11,586$3,793
29 years$41,511$30,131$21,482$15,085$10,462$3,260
30 years$39,694$28,456$20,010$13,844$9,453$2,803
31 years$37,997$26,900$18,655$12,715$8,546$2,410
32 years$36,410$25,453$17,405$11,685$7,731$2,073
33 years$34,922$24,105$16,251$10,745$6,996$1,783
34 years$33,524$22,846$15,184$9,887$6,334$1,535
35 years$32,209$21,669$14,196$9,101$5,737$1,321
36 years$30,971$20,567$13,280$8,382$5,198$1,137
37 years$29,801$19,534$12,430$7,723$4,711$978
38 years$28,696$18,564$11,640$7,118$4,271$842
39 years$27,651$17,653$10,906$6,564$3,873$725
40 years$26,660$16,795$10,222$6,054$3,513$624
41 years$25,719$15,987$9,585$5,585$3,187$538
42 years$24,826$15,226$8,991$5,155$2,892$463
43 years$23,977$14,507$8,437$4,758$2,625$399
44 years$23,169$13,828$7,919$4,394$2,383$343
45 years$22,399$13,186$7,436$4,058$2,163$296
46 years$21,664$12,579$6,984$3,748$1,964$255
47 years$20,963$12,005$6,561$3,463$1,783$219
48 years$20,293$11,460$6,166$3,200$1,619$189
49 years$19,652$10,944$5,796$2,957$1,471$163
50 years$19,039$10,454$5,449$2,733$1,336$140

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $19,500,000, adding $4,606 every year, while hoping to spend $24,783 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: 45/31/24 Blend
68$19,500,000$19,500,000$19,500,000$19,500,000
69$21,493,751$20,460,251$20,158,001$22,311,882
70$23,659,745$21,436,434$20,806,925$23,866,554
71$26,045,839$22,459,620$21,476,758$25,548,751
72$28,674,458$23,532,085$22,168,173$27,372,596
73$31,570,313$24,656,217$22,881,866$29,351,292
74$34,760,633$25,834,520$23,618,557$31,499,336
75$38,275,426$27,069,620$24,378,987$33,832,646
76$42,147,757$28,364,269$25,163,921$36,368,704
77$46,414,066$29,721,356$25,974,150$39,126,716
78$51,114,506$31,143,908$26,810,489$42,127,781
79$56,293,327$32,635,100$27,673,782$45,395,084
80$61,999,289$34,198,263$28,564,896$48,954,103
81$68,286,127$35,836,888$29,484,730$52,832,845
82$75,213,054$37,554,638$30,434,211$57,062,092
83$82,845,322$39,355,352$31,414,294$61,675,692
84$91,254,839$41,243,058$32,425,966$66,710,855
85$100,520,844$43,221,979$33,470,248$72,208,505
86$110,730,659$45,296,545$34,548,190$78,213,644
87$121,980,510$47,471,400$35,660,879$84,775,772
88$134,376,440$49,751,416$36,809,435$91,949,337
89$148,035,302$52,141,701$37,995,017$99,794,236
90$163,085,871$54,647,612$39,218,818$108,376,366
91$179,670,054$57,274,769$40,482,073$117,768,231
92$197,944,230$60,029,063$41,786,053$128,049,614
93$218,080,729$62,916,675$43,132,073$139,308,306
94$240,269,455$65,944,084$44,521,489$151,640,927
95$264,719,683$69,118,088$45,955,703$165,153,813
96$291,662,031$72,445,814$47,436,159$179,964,003
97$321,350,638$75,934,739$48,964,350$196,200,328
98$354,065,564$79,592,702$50,541,817$214,004,600
99$390,115,433$83,427,926$52,170,149$233,532,935
100$429,840,347$87,449,034$53,850,988$254,957,200