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 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,516,751
2 years$797,174$782,328$767,939$753,988$740,456$702,200
3 years$526,170$511,260$496,907$483,087$469,776$432,665
4 years$390,695$375,830$361,621$348,037$335,048$299,369
5 years$309,431$294,655$280,633$267,326$254,698$220,550
6 years$255,273$240,608$226,793$213,783$201,534$168,951
7 years$216,603$202,062$188,466$175,763$163,901$132,887
8 years$187,615$173,205$159,834$147,443$135,972$106,513
9 years$165,080$150,806$137,665$125,589$114,508$86,580
10 years$147,062$132,928$120,020$108,259$97,566$71,137
11 years$132,330$118,338$105,663$94,217$83,910$58,942
12 years$120,063$106,214$93,774$82,641$72,715$49,165
13 years$109,690$95,986$83,780$72,960$63,409$41,232
14 years$100,807$87,249$75,277$64,766$55,584$34,731
15 years$93,116$79,703$67,965$57,760$48,940$29,361
16 years$86,392$73,126$61,620$51,717$43,254$24,895
17 years$80,466$67,347$56,072$46,468$38,352$21,162
18 years$75,204$62,231$51,187$41,877$34,101$18,026
19 years$70,501$57,675$46,859$37,839$30,395$15,382
20 years$66,274$53,595$43,005$34,271$27,149$13,146
21 years$62,455$49,921$39,556$31,103$24,295$11,248
22 years$58,987$46,600$36,457$28,280$21,777$9,635
23 years$55,826$43,584$33,662$25,755$19,549$8,261
24 years$52,932$40,835$31,131$23,490$17,571$7,088
25 years$50,274$38,322$28,834$21,452$15,811$6,086
26 years$47,824$36,016$26,742$19,615$14,242$5,229
27 years$45,560$33,896$24,832$17,954$12,840$4,494
28 years$43,461$31,940$23,085$16,450$11,586$3,864
29 years$41,511$30,131$21,482$15,085$10,462$3,324
30 years$39,694$28,456$20,010$13,844$9,453$2,860
31 years$37,997$26,900$18,655$12,715$8,546$2,462
32 years$36,410$25,453$17,405$11,685$7,731$2,119
33 years$34,922$24,105$16,251$10,745$6,996$1,825
34 years$33,524$22,846$15,184$9,887$6,334$1,571
35 years$32,209$21,669$14,196$9,101$5,737$1,353
36 years$30,971$20,567$13,280$8,382$5,198$1,166
37 years$29,801$19,534$12,430$7,723$4,711$1,004
38 years$28,696$18,564$11,640$7,118$4,271$865
39 years$27,651$17,653$10,906$6,564$3,873$746
40 years$26,660$16,795$10,222$6,054$3,513$642
41 years$25,719$15,987$9,585$5,585$3,187$554
42 years$24,826$15,226$8,991$5,155$2,892$477
43 years$23,977$14,507$8,437$4,758$2,625$411
44 years$23,169$13,828$7,919$4,394$2,383$354
45 years$22,399$13,186$7,436$4,058$2,163$305
46 years$21,664$12,579$6,984$3,748$1,964$263
47 years$20,963$12,005$6,561$3,463$1,783$227
48 years$20,293$11,460$6,166$3,200$1,619$196
49 years$19,652$10,944$5,796$2,957$1,471$169
50 years$19,039$10,454$5,449$2,733$1,336$145

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 $4,340 every year, while hoping to spend $58,269 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: 51/25/24 Blend
68$19,500,000$19,500,000$19,500,000$19,500,000
69$21,493,477$20,459,977$20,157,727$22,444,991
70$23,623,814$21,400,518$20,771,013$24,045,867
71$25,969,492$22,385,192$21,402,891$25,779,288
72$28,552,415$23,416,102$22,053,923$27,662,926
73$31,396,718$24,495,448$22,724,686$29,711,066
74$34,528,997$25,625,538$23,415,777$31,939,409
75$37,978,557$26,808,792$24,127,808$34,365,211
76$41,777,693$28,047,745$24,861,412$37,007,444
77$45,961,987$29,345,055$25,617,239$39,886,967
78$50,570,653$30,703,506$26,395,960$43,026,712
79$55,646,900$32,126,018$27,198,265$46,451,903
80$61,238,343$33,615,652$28,024,866$50,190,279
81$67,397,450$35,175,615$28,876,494$54,272,351
82$74,182,038$36,809,269$29,753,906$58,731,683
83$81,655,822$38,520,138$30,657,877$63,605,200
84$89,889,008$40,311,918$31,589,209$68,933,529
85$98,958,965$42,188,479$32,548,725$74,761,370
86$108,950,947$44,153,883$33,537,275$81,137,916
87$119,958,904$46,212,384$34,555,734$88,117,301
88$132,086,364$48,368,442$35,605,003$95,759,102
89$145,447,412$50,626,734$36,686,010$104,128,895
90$160,167,766$52,992,163$37,799,709$113,298,859
91$176,385,965$55,469,866$38,947,086$123,348,446
92$194,254,675$58,065,230$40,129,155$134,365,124
93$213,942,129$60,783,904$41,346,959$146,445,183
94$235,633,718$63,631,807$42,601,574$159,694,635
95$259,533,738$66,615,146$43,894,107$174,230,202
96$285,867,320$69,740,429$45,225,700$190,180,402
97$314,882,553$73,014,476$46,597,527$207,686,747
98$346,852,828$76,444,440$48,010,799$226,905,062
99$382,079,416$80,037,818$49,466,761$248,006,947
100$420,894,317$83,802,470$50,966,697$271,181,369