Can I retire at age 69 with 19,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,563,693
2 years$809,438$794,363$779,753$765,588$751,848$736,549
3 years$534,265$519,125$504,552$490,519$477,003$462,067
4 years$396,706$381,612$367,185$353,392$340,203$325,744
5 years$314,192$299,188$284,950$271,439$258,617$244,678
6 years$259,200$244,310$230,282$217,072$204,634$191,233
7 years$219,936$205,171$191,366$178,467$166,423$153,564
8 years$190,501$175,869$162,293$149,711$138,064$125,748
9 years$167,619$153,126$139,783$127,521$116,270$104,493
10 years$149,325$134,973$121,866$109,924$99,067$87,822
11 years$134,366$120,159$107,289$95,667$85,201$74,478
12 years$121,910$107,848$95,216$83,913$73,834$63,622
13 years$111,378$97,463$85,069$74,082$64,384$54,673
14 years$102,358$88,591$76,435$65,762$56,439$47,215
15 years$94,548$80,930$69,011$58,648$49,693$40,943
16 years$87,721$74,251$62,569$52,513$43,919$35,628
17 years$81,704$68,383$56,935$47,183$38,942$31,094
18 years$76,361$63,189$51,974$42,521$34,625$27,207
19 years$71,586$58,563$47,580$38,421$30,862$23,857
20 years$67,294$54,419$43,666$34,798$27,567$20,960
21 years$63,416$50,689$40,165$31,581$24,669$18,444
22 years$59,895$47,317$37,018$28,715$22,112$16,253
23 years$56,685$44,254$34,179$26,151$19,849$14,340
24 years$53,746$41,463$31,610$23,851$17,841$12,666
25 years$51,047$38,911$29,277$21,782$16,054$11,198
26 years$48,560$36,570$27,153$19,917$14,461$9,908
27 years$46,261$34,417$25,214$18,230$13,038$8,774
28 years$44,130$32,431$23,440$16,703$11,764$7,774
29 years$42,149$30,595$21,813$15,317$10,623$6,892
30 years$40,304$28,894$20,318$14,057$9,598$6,113
31 years$38,582$27,314$18,942$12,910$8,678$5,425
32 years$36,970$25,845$17,673$11,865$7,850$4,816
33 years$35,459$24,475$16,501$10,911$7,104$4,276
34 years$34,040$23,197$15,418$10,039$6,432$3,799
35 years$32,705$22,002$14,415$9,241$5,826$3,375
36 years$31,447$20,883$13,485$8,511$5,278$3,000
37 years$30,260$19,834$12,621$7,842$4,784$2,667
38 years$29,138$18,850$11,819$7,228$4,337$2,371
39 years$28,076$17,924$11,073$6,664$3,933$2,109
40 years$27,070$17,053$10,379$6,147$3,567$1,875
41 years$26,115$16,233$9,732$5,671$3,236$1,668
42 years$25,208$15,460$9,129$5,234$2,937$1,484
43 years$24,346$14,730$8,567$4,832$2,665$1,320
44 years$23,525$14,041$8,041$4,461$2,419$1,175
45 years$22,743$13,389$7,550$4,120$2,196$1,045
46 years$21,997$12,773$7,092$3,806$1,994$930
47 years$21,285$12,189$6,662$3,516$1,811$828
48 years$20,605$11,636$6,261$3,249$1,644$737
49 years$19,954$11,112$5,885$3,003$1,493$656
50 years$19,332$10,615$5,533$2,775$1,357$584

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $19,800,000, adding $5,359 every year, while hoping to spend $52,263 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: 30/41/29 Blend
68$19,800,000$19,800,000$19,800,000$19,800,000
69$21,825,128$20,775,728$20,468,828$22,285,301
70$23,995,683$21,738,131$21,098,926$23,609,349
71$26,385,884$22,745,940$21,748,381$25,027,756
72$29,018,078$23,801,326$22,417,786$26,552,609
73$31,916,893$24,906,561$23,107,752$28,193,214
74$35,109,464$26,064,030$23,818,910$29,959,755
75$38,625,694$27,276,233$24,551,908$31,863,387
76$42,498,534$28,545,788$25,307,417$33,916,332
77$46,764,295$29,875,441$26,086,125$36,131,981
78$51,462,986$31,268,071$26,888,743$38,525,012
79$56,638,699$32,726,695$27,716,005$41,111,521
80$62,340,019$34,254,476$28,568,664$43,909,155
81$68,620,485$35,854,729$29,447,498$46,937,274
82$75,539,095$37,530,931$30,353,310$50,217,119
83$83,160,862$39,286,726$31,286,925$53,771,996
84$91,557,427$41,125,933$32,249,194$57,627,491
85$100,807,738$43,052,557$33,240,996$61,811,686
86$110,998,792$45,070,797$34,263,233$66,355,422
87$122,226,456$47,185,053$35,316,839$71,292,563
88$134,596,374$49,399,941$36,402,773$76,660,309
89$148,224,962$51,720,296$37,522,024$82,499,523
90$163,240,509$54,151,191$38,675,612$88,855,105
91$179,784,385$56,697,943$39,864,589$95,776,394
92$198,012,376$59,366,126$41,090,037$103,317,615
93$218,096,157$62,161,585$42,353,071$111,538,371
94$240,224,909$65,090,447$43,654,843$120,504,187
95$264,607,106$68,159,135$44,996,537$130,287,102
96$291,472,484$71,374,386$46,379,374$140,966,330
97$321,074,207$74,743,261$47,804,613$152,628,982
98$353,691,260$78,273,163$49,273,550$165,370,862
99$389,631,077$81,971,857$50,787,523$179,297,349
100$429,232,450$85,847,481$52,347,908$194,524,361