Can I retire at age 69 with 19,600,000?

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 $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,534,515
2 years$801,262$786,339$771,877$757,855$744,253$715,725
3 years$528,869$513,882$499,455$485,565$472,185$444,434
4 years$392,699$377,757$363,476$349,822$336,766$310,007
5 years$311,018$296,166$282,072$268,697$256,004$230,314
6 years$256,582$241,842$227,956$214,879$202,567$177,974
7 years$217,714$203,099$189,433$176,664$164,742$141,251
8 years$188,577$174,093$160,654$148,199$136,669$114,276
9 years$165,926$151,579$138,371$126,233$115,095$93,787
10 years$147,817$133,610$120,635$108,814$98,067$77,824
11 years$133,009$118,945$106,205$94,701$84,341$65,140
12 years$120,678$106,759$94,254$83,065$73,088$54,903
13 years$110,253$96,479$84,210$73,334$63,734$46,537
14 years$101,324$87,696$75,663$65,098$55,869$39,629
15 years$93,593$80,112$68,314$58,056$49,191$33,876
16 years$86,835$73,501$61,936$51,983$43,475$29,051
17 years$80,879$67,692$56,360$46,706$38,548$24,981
18 years$75,590$62,550$51,449$42,092$34,275$21,530
19 years$70,863$57,971$47,099$38,033$30,550$18,592
20 years$66,614$53,870$43,225$34,446$27,288$16,081
21 years$62,775$50,177$39,759$31,262$24,420$13,930
22 years$59,290$46,839$36,644$28,425$21,889$12,080
23 years$56,112$43,807$33,834$25,887$19,649$10,488
24 years$53,204$41,045$31,291$23,610$17,661$9,113
25 years$50,532$38,518$28,982$21,562$15,892$7,925
26 years$48,070$36,201$26,879$19,715$14,315$6,896
27 years$45,794$34,069$24,960$18,046$12,906$6,004
28 years$43,684$32,103$23,203$16,534$11,645$5,231
29 years$41,724$30,286$21,592$15,162$10,516$4,559
30 years$39,897$28,602$20,113$13,915$9,501$3,975
31 years$38,192$27,038$18,750$12,780$8,590$3,466
32 years$36,596$25,584$17,494$11,745$7,770$3,024
33 years$35,101$24,228$16,335$10,800$7,032$2,639
34 years$33,696$22,963$15,262$9,937$6,367$2,303
35 years$32,375$21,780$14,269$9,148$5,767$2,011
36 years$31,129$20,672$13,348$8,425$5,225$1,756
37 years$29,954$19,634$12,494$7,763$4,736$1,533
38 years$28,843$18,659$11,700$7,155$4,293$1,339
39 years$27,792$17,743$10,962$6,597$3,893$1,170
40 years$26,796$16,881$10,274$6,085$3,531$1,022
41 years$25,851$16,069$9,634$5,614$3,204$893
42 years$24,954$15,304$9,037$5,181$2,907$780
43 years$24,100$14,581$8,480$4,783$2,638$681
44 years$23,288$13,899$7,960$4,416$2,395$595
45 years$22,513$13,254$7,474$4,078$2,174$520
46 years$21,775$12,644$7,020$3,767$1,974$455
47 years$21,070$12,066$6,595$3,481$1,792$397
48 years$20,397$11,519$6,198$3,216$1,628$347
49 years$19,753$11,000$5,825$2,972$1,478$303
50 years$19,136$10,507$5,477$2,747$1,343$265

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $19,600,000, adding $2,417 every year, while hoping to spend $24,793 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: 80/6/14 Blend
68$19,600,000$19,600,000$19,600,000$19,600,000
69$21,601,693$20,562,893$20,259,093$23,269,347
70$23,778,686$21,544,095$20,911,393$25,347,299
71$26,176,902$22,572,545$21,584,714$27,623,793
72$28,818,878$23,650,533$22,279,735$30,121,447
73$31,729,452$24,780,457$22,997,154$32,862,408
74$34,935,992$25,964,836$23,737,695$35,871,069
75$38,468,659$27,206,308$24,502,103$39,174,293
76$42,360,687$28,507,642$25,291,149$42,801,665
77$46,648,702$29,871,741$26,105,627$46,785,771
78$51,373,061$31,301,648$26,946,357$51,162,502
79$56,578,240$32,800,556$27,814,187$55,971,390
80$62,313,249$34,371,811$28,709,990$61,255,981
81$68,632,096$36,018,926$29,634,670$67,064,238
82$75,594,296$37,745,579$30,589,158$73,448,999
83$83,265,435$39,555,634$31,574,416$80,468,464
84$91,717,787$41,453,137$32,591,436$88,186,750
85$101,030,996$43,442,335$33,641,244$96,674,486
86$111,292,829$45,527,681$34,724,897$106,009,482
87$122,600,004$47,713,844$35,843,487$116,277,455
88$135,059,103$50,005,721$36,998,143$127,572,840
89$148,787,578$52,408,448$38,190,027$139,999,674
90$163,914,859$54,927,410$39,420,342$153,672,577
91$180,583,578$57,568,256$40,690,326$168,717,826
92$198,950,913$60,336,911$42,001,262$185,274,549
93$219,190,071$63,239,585$43,354,470$203,496,028
94$241,491,928$66,282,794$44,751,314$223,551,146
95$266,066,826$69,473,372$46,193,204$245,625,973
96$293,146,558$72,818,483$47,681,593$269,925,523
97$322,986,562$76,325,644$49,217,981$296,675,677
98$355,868,327$80,002,736$50,803,919$326,125,318
99$392,102,052$83,858,025$52,441,005$358,548,668
100$432,029,573$87,900,181$54,130,892$394,247,876