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%17.4%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,508,203
2 years$797,174$782,328$767,939$753,988$740,456$693,746
3 years$526,170$511,260$496,907$483,087$469,776$424,574
4 years$390,695$375,830$361,621$348,037$335,048$291,701
5 years$309,431$294,655$280,633$267,326$254,698$213,324
6 years$255,273$240,608$226,793$213,783$201,534$162,169
7 years$216,603$202,062$188,466$175,763$163,901$126,544
8 years$187,615$173,205$159,834$147,443$135,972$100,599
9 years$165,080$150,806$137,665$125,589$114,508$81,082
10 years$147,062$132,928$120,020$108,259$97,566$66,041
11 years$132,330$118,338$105,663$94,217$83,910$54,230
12 years$120,063$106,214$93,774$82,641$72,715$44,820
13 years$109,690$95,986$83,780$72,960$63,409$37,235
14 years$100,807$87,249$75,277$64,766$55,584$31,063
15 years$93,116$79,703$67,965$57,760$48,940$26,003
16 years$86,392$73,126$61,620$51,717$43,254$21,828
17 years$80,466$67,347$56,072$46,468$38,352$18,367
18 years$75,204$62,231$51,187$41,877$34,101$15,484
19 years$70,501$57,675$46,859$37,839$30,395$13,075
20 years$66,274$53,595$43,005$34,271$27,149$11,055
21 years$62,455$49,921$39,556$31,103$24,295$9,358
22 years$58,987$46,600$36,457$28,280$21,777$7,929
23 years$55,826$43,584$33,662$25,755$19,549$6,724
24 years$52,932$40,835$31,131$23,490$17,571$5,706
25 years$50,274$38,322$28,834$21,452$15,811$4,845
26 years$47,824$36,016$26,742$19,615$14,242$4,115
27 years$45,560$33,896$24,832$17,954$12,840$3,497
28 years$43,461$31,940$23,085$16,450$11,586$2,973
29 years$41,511$30,131$21,482$15,085$10,462$2,528
30 years$39,694$28,456$20,010$13,844$9,453$2,150
31 years$37,997$26,900$18,655$12,715$8,546$1,829
32 years$36,410$25,453$17,405$11,685$7,731$1,557
33 years$34,922$24,105$16,251$10,745$6,996$1,325
34 years$33,524$22,846$15,184$9,887$6,334$1,128
35 years$32,209$21,669$14,196$9,101$5,737$960
36 years$30,971$20,567$13,280$8,382$5,198$817
37 years$29,801$19,534$12,430$7,723$4,711$696
38 years$28,696$18,564$11,640$7,118$4,271$592
39 years$27,651$17,653$10,906$6,564$3,873$504
40 years$26,660$16,795$10,222$6,054$3,513$430
41 years$25,719$15,987$9,585$5,585$3,187$366
42 years$24,826$15,226$8,991$5,155$2,892$312
43 years$23,977$14,507$8,437$4,758$2,625$265
44 years$23,169$13,828$7,919$4,394$2,383$226
45 years$22,399$13,186$7,436$4,058$2,163$192
46 years$21,664$12,579$6,984$3,748$1,964$164
47 years$20,963$12,005$6,561$3,463$1,783$140
48 years$20,293$11,460$6,166$3,200$1,619$119
49 years$19,652$10,944$5,796$2,957$1,471$101
50 years$19,039$10,454$5,449$2,733$1,336$86

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 $5,215 every year, while hoping to spend $54,131 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: 60/14/26 Blend
68$19,500,000$19,500,000$19,500,000$19,500,000
69$21,494,379$20,460,879$20,158,629$22,633,381
70$23,629,211$21,405,867$20,776,348$24,354,534
71$25,979,981$22,395,346$21,412,947$26,225,378
72$28,568,659$23,431,437$22,069,000$28,265,604
73$31,419,451$24,516,367$22,745,101$30,491,703
74$34,559,033$25,652,466$23,441,859$32,921,821
75$38,016,798$26,842,181$24,159,906$35,575,921
76$41,825,137$28,088,074$24,899,888$38,475,970
77$46,019,742$29,392,829$25,662,474$41,646,141
78$50,639,941$30,759,264$26,448,353$45,113,038
79$55,729,076$32,190,329$27,258,234$48,905,942
80$61,334,905$33,689,118$28,092,848$53,057,081
81$67,510,053$35,258,873$28,952,947$57,601,931
82$74,312,516$36,902,995$29,839,307$62,579,544
83$81,806,197$38,625,046$30,752,728$68,032,914
84$90,061,518$40,428,762$31,694,034$74,009,373
85$99,156,082$42,318,061$32,664,073$80,561,035
86$109,175,402$44,297,045$33,663,719$87,745,280
87$120,213,713$46,370,020$34,693,874$95,625,290
88$132,374,857$48,541,497$35,755,464$104,270,638
89$145,773,268$50,816,206$36,849,448$113,757,939
90$160,535,047$53,199,105$37,976,809$124,171,564
91$176,799,153$55,695,393$39,138,564$135,604,429
92$194,718,718$58,310,519$40,335,758$148,158,869
93$214,462,490$61,050,197$41,569,468$161,947,585
94$236,216,424$63,920,416$42,840,805$177,094,712
95$260,185,440$66,927,458$44,150,913$193,736,972
96$286,595,356$70,077,905$45,500,970$212,024,960
97$315,695,021$73,378,660$46,892,191$232,124,553
98$347,758,659$76,836,961$48,325,826$254,218,471
99$383,088,466$80,460,395$49,803,164$278,507,984
100$422,017,453$84,256,918$51,325,533$305,214,806