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%12%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,541,929
2 years$797,174$782,328$767,939$753,988$740,456$727,325
3 years$526,170$511,260$496,907$483,087$469,776$456,949
4 years$390,695$375,830$361,621$348,037$335,048$322,625
5 years$309,431$294,655$280,633$267,326$254,698$242,715
6 years$255,273$240,608$226,793$213,783$201,534$190,005
7 years$216,603$202,062$188,466$175,763$163,901$152,832
8 years$187,615$173,205$159,834$147,443$135,972$125,363
9 years$165,080$150,806$137,665$125,589$114,508$104,356
10 years$147,062$132,928$120,020$108,259$97,566$87,866
11 years$132,330$118,338$105,663$94,217$83,910$74,653
12 years$120,063$106,214$93,774$82,641$72,715$63,893
13 years$109,690$95,986$83,780$72,960$63,409$55,012
14 years$100,807$87,249$75,277$64,766$55,584$47,601
15 years$93,116$79,703$67,965$57,760$48,940$41,361
16 years$86,392$73,126$61,620$51,717$43,254$36,066
17 years$80,466$67,347$56,072$46,468$38,352$31,543
18 years$75,204$62,231$51,187$41,877$34,101$27,658
19 years$70,501$57,675$46,859$37,839$30,395$24,305
20 years$66,274$53,595$43,005$34,271$27,149$21,400
21 years$62,455$49,921$39,556$31,103$24,295$18,873
22 years$58,987$46,600$36,457$28,280$21,777$16,669
23 years$55,826$43,584$33,662$25,755$19,549$14,741
24 years$52,932$40,835$31,131$23,490$17,571$13,050
25 years$50,274$38,322$28,834$21,452$15,811$11,564
26 years$47,824$36,016$26,742$19,615$14,242$10,257
27 years$45,560$33,896$24,832$17,954$12,840$9,104
28 years$43,461$31,940$23,085$16,450$11,586$8,086
29 years$41,511$30,131$21,482$15,085$10,462$7,186
30 years$39,694$28,456$20,010$13,844$9,453$6,389
31 years$37,997$26,900$18,655$12,715$8,546$5,684
32 years$36,410$25,453$17,405$11,685$7,731$5,058
33 years$34,922$24,105$16,251$10,745$6,996$4,503
34 years$33,524$22,846$15,184$9,887$6,334$4,010
35 years$32,209$21,669$14,196$9,101$5,737$3,572
36 years$30,971$20,567$13,280$8,382$5,198$3,183
37 years$29,801$19,534$12,430$7,723$4,711$2,837
38 years$28,696$18,564$11,640$7,118$4,271$2,528
39 years$27,651$17,653$10,906$6,564$3,873$2,254
40 years$26,660$16,795$10,222$6,054$3,513$2,010
41 years$25,719$15,987$9,585$5,585$3,187$1,793
42 years$24,826$15,226$8,991$5,155$2,892$1,599
43 years$23,977$14,507$8,437$4,758$2,625$1,426
44 years$23,169$13,828$7,919$4,394$2,383$1,272
45 years$22,399$13,186$7,436$4,058$2,163$1,135
46 years$21,664$12,579$6,984$3,748$1,964$1,013
47 years$20,963$12,005$6,561$3,463$1,783$904
48 years$20,293$11,460$6,166$3,200$1,619$807
49 years$19,652$10,944$5,796$2,957$1,471$720
50 years$19,039$10,454$5,449$2,733$1,336$642

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 $4,764 every year, while hoping to spend $56,557 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: 45/50/5 Blend
68$19,500,000$19,500,000$19,500,000$19,500,000
69$21,493,914$20,460,414$20,158,164$22,431,638
70$23,626,117$21,402,798$20,773,286$24,019,756
71$25,973,909$22,389,463$21,407,120$25,734,422
72$28,559,221$23,422,520$22,060,231$27,592,207
73$31,406,218$24,504,180$22,733,205$29,606,284
74$34,541,528$25,636,760$23,426,643$31,791,106
75$37,994,493$26,822,691$24,141,166$34,162,530
76$41,797,448$28,064,520$24,877,411$36,737,959
77$45,986,021$29,364,914$25,636,037$39,536,496
78$50,599,473$30,726,673$26,417,722$42,579,113
79$55,681,068$32,152,728$27,223,165$45,888,838
80$61,278,479$33,646,155$28,053,083$49,490,963
81$67,444,242$35,210,174$28,908,220$53,413,269
82$74,236,246$36,848,165$29,789,337$57,686,274
83$81,718,285$38,563,666$30,697,221$62,343,510
84$89,960,655$40,360,390$31,632,682$67,421,828
85$99,040,820$42,242,228$32,596,556$72,961,724
86$109,044,143$44,213,257$33,589,700$79,007,716
87$120,064,693$46,277,753$34,613,002$85,608,738
88$132,206,126$48,440,198$35,667,373$92,818,593
89$145,582,673$50,705,290$36,753,752$100,696,441
90$160,320,211$53,077,955$37,873,108$109,307,338
91$176,557,454$55,563,355$39,026,438$118,722,831
92$194,447,259$58,166,905$40,214,768$129,021,616
93$214,158,074$60,894,278$41,439,158$140,290,257
94$235,875,524$63,751,424$42,700,696$152,623,982
95$259,804,163$66,744,580$44,000,505$166,127,560
96$286,169,408$69,880,284$45,339,742$180,916,264
97$315,219,662$73,165,393$46,719,598$197,116,935
98$347,228,663$76,607,092$48,141,300$214,869,152
99$382,498,065$80,212,918$49,606,112$234,326,523
100$421,360,286$83,990,769$51,115,335$255,658,107