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

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,555,285
2 years$809,438$794,363$779,753$765,588$751,848$728,130
3 years$534,265$519,125$504,552$490,519$477,003$453,900
4 years$396,706$381,612$367,185$353,392$340,203$317,892
5 years$314,192$299,188$284,950$271,439$258,617$237,163
6 years$259,200$244,310$230,282$217,072$204,634$184,063
7 years$219,936$205,171$191,366$178,467$166,423$146,740
8 years$190,501$175,869$162,293$149,711$138,064$119,267
9 years$167,619$153,126$139,783$127,521$116,270$98,350
10 years$149,325$134,973$121,866$109,924$99,067$82,010
11 years$134,366$120,159$107,289$95,667$85,201$68,990
12 years$121,910$107,848$95,216$83,913$73,834$58,448
13 years$111,378$97,463$85,069$74,082$64,384$49,803
14 years$102,358$88,591$76,435$65,762$56,439$42,639
15 years$94,548$80,930$69,011$58,648$49,693$36,650
16 years$87,721$74,251$62,569$52,513$43,919$31,607
17 years$81,704$68,383$56,935$47,183$38,942$27,334
18 years$76,361$63,189$51,974$42,521$34,625$23,695
19 years$71,586$58,563$47,580$38,421$30,862$20,582
20 years$67,294$54,419$43,666$34,798$27,567$17,909
21 years$63,416$50,689$40,165$31,581$24,669$15,607
22 years$59,895$47,317$37,018$28,715$22,112$13,618
23 years$56,685$44,254$34,179$26,151$19,849$11,896
24 years$53,746$41,463$31,610$23,851$17,841$10,402
25 years$51,047$38,911$29,277$21,782$16,054$9,103
26 years$48,560$36,570$27,153$19,917$14,461$7,972
27 years$46,261$34,417$25,214$18,230$13,038$6,986
28 years$44,130$32,431$23,440$16,703$11,764$6,126
29 years$42,149$30,595$21,813$15,317$10,623$5,374
30 years$40,304$28,894$20,318$14,057$9,598$4,716
31 years$38,582$27,314$18,942$12,910$8,678$4,140
32 years$36,970$25,845$17,673$11,865$7,850$3,636
33 years$35,459$24,475$16,501$10,911$7,104$3,194
34 years$34,040$23,197$15,418$10,039$6,432$2,807
35 years$32,705$22,002$14,415$9,241$5,826$2,467
36 years$31,447$20,883$13,485$8,511$5,278$2,168
37 years$30,260$19,834$12,621$7,842$4,784$1,907
38 years$29,138$18,850$11,819$7,228$4,337$1,676
39 years$28,076$17,924$11,073$6,664$3,933$1,474
40 years$27,070$17,053$10,379$6,147$3,567$1,297
41 years$26,115$16,233$9,732$5,671$3,236$1,141
42 years$25,208$15,460$9,129$5,234$2,937$1,003
43 years$24,346$14,730$8,567$4,832$2,665$883
44 years$23,525$14,041$8,041$4,461$2,419$777
45 years$22,743$13,389$7,550$4,120$2,196$683
46 years$21,997$12,773$7,092$3,806$1,994$601
47 years$21,285$12,189$6,662$3,516$1,811$529
48 years$20,605$11,636$6,261$3,249$1,644$466
49 years$19,954$11,112$5,885$3,003$1,493$410
50 years$19,332$10,615$5,533$2,775$1,357$361

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 $6,136 every year, while hoping to spend $20,288 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: 73/15/12 Blend
68$19,800,000$19,800,000$19,800,000$19,800,000
69$21,825,929$20,776,529$20,469,629$23,365,374
70$24,030,588$21,772,993$21,133,776$25,380,491
71$26,459,442$22,817,603$21,819,491$27,583,877
72$29,135,337$23,912,698$22,527,476$29,996,705
73$32,083,450$25,060,729$23,258,455$32,639,705
74$35,331,525$26,264,268$24,013,176$35,535,692
75$38,910,133$27,526,010$24,792,411$38,709,782
76$42,852,965$28,848,783$25,596,955$42,189,619
77$47,197,148$30,235,553$26,427,633$46,005,639
78$51,983,592$31,689,430$27,285,294$50,191,349
79$57,257,382$33,213,676$28,170,814$54,783,639
80$63,068,199$34,811,710$29,085,101$59,823,127
81$69,470,793$36,487,122$30,029,090$65,354,536
82$76,525,495$38,243,672$31,003,745$71,427,114
83$84,298,789$40,085,306$32,010,065$78,095,088
84$92,863,943$42,016,163$33,049,079$85,418,177
85$102,301,692$44,040,582$34,121,850$93,462,147
86$112,701,009$46,163,115$35,229,476$102,299,423
87$124,159,939$48,388,535$36,373,091$112,009,771
88$136,786,529$50,721,848$37,553,865$122,681,042
89$150,699,842$53,168,306$38,773,007$134,409,996
90$166,031,087$55,733,415$40,031,764$147,303,205
91$182,924,855$58,422,949$41,331,425$161,478,057
92$201,540,483$61,242,966$42,673,321$177,063,848
93$222,053,560$64,199,819$44,058,825$194,203,005
94$244,657,583$67,300,170$45,489,355$213,052,411
95$269,565,785$70,551,007$46,966,377$233,784,885
96$297,013,147$73,959,658$48,491,403$256,590,802
97$327,258,617$77,533,811$50,065,994$281,679,877
98$360,587,554$81,281,526$51,691,763$309,283,139
99$397,314,422$85,211,258$53,370,375$339,655,100
100$437,785,760$89,331,876$55,103,549$373,076,143