Can I retire at age 69 with 20,000,000?

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 $20,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,545,634
2 years$817,615$802,387$787,630$773,321$759,442$710,310
3 years$539,662$524,369$509,648$495,474$481,821$434,292
4 years$400,713$385,467$370,894$356,961$343,639$298,077
5 years$317,365$302,211$287,829$274,180$261,229$217,757
6 years$261,818$246,778$232,608$219,264$206,701$165,358
7 years$222,157$207,243$193,299$180,269$168,104$128,885
8 years$192,425$177,646$163,933$151,223$139,458$102,340
9 years$169,313$154,673$141,195$128,809$117,444$82,385
10 years$150,833$136,336$123,097$111,034$100,068$67,018
11 years$135,724$121,372$108,373$96,633$86,062$54,961
12 years$123,141$108,937$96,178$84,760$74,579$45,364
13 years$112,503$98,447$85,929$74,831$65,035$37,636
14 years$103,392$89,486$77,207$66,426$57,009$31,354
15 years$95,503$81,747$69,708$59,241$50,195$26,209
16 years$88,608$75,001$63,201$53,044$44,363$21,970
17 years$82,529$69,073$57,510$47,659$39,335$18,459
18 years$77,132$63,827$52,499$42,951$34,975$15,539
19 years$72,309$59,154$48,060$38,809$31,174$13,101
20 years$67,974$54,969$44,107$35,149$27,845$11,061
21 years$64,056$51,201$40,570$31,900$24,918$9,348
22 years$60,500$47,795$37,392$29,005$22,336$7,909
23 years$57,257$44,701$34,525$26,415$20,050$6,696
24 years$54,289$41,882$31,930$24,092$18,021$5,673
25 years$51,563$39,304$29,573$22,002$16,216$4,809
26 years$49,051$36,940$27,428$20,118$14,607$4,078
27 years$46,728$34,765$25,469$18,414$13,170$3,460
28 years$44,576$32,759$23,677$16,871$11,883$2,937
29 years$42,575$30,904$22,033$15,471$10,730$2,493
30 years$40,711$29,186$20,523$14,199$9,695$2,117
31 years$38,971$27,590$19,133$13,041$8,766$1,798
32 years$37,343$26,106$17,851$11,985$7,929$1,528
33 years$35,817$24,723$16,668$11,021$7,176$1,298
34 years$34,384$23,431$15,574$10,140$6,497$1,103
35 years$33,035$22,224$14,560$9,335$5,884$937
36 years$31,765$21,094$13,621$8,597$5,332$797
37 years$30,565$20,035$12,749$7,921$4,832$677
38 years$29,432$19,040$11,939$7,301$4,381$576
39 years$28,360$18,105$11,185$6,732$3,973$489
40 years$27,343$17,226$10,484$6,209$3,603$416
41 years$26,379$16,397$9,831$5,729$3,269$354
42 years$25,463$15,616$9,221$5,287$2,966$301
43 years$24,592$14,879$8,653$4,880$2,692$256
44 years$23,763$14,183$8,122$4,506$2,444$217
45 years$22,973$13,525$7,627$4,162$2,218$185
46 years$22,219$12,902$7,163$3,844$2,014$157
47 years$21,500$12,312$6,730$3,552$1,829$134
48 years$20,813$11,754$6,324$3,282$1,661$114
49 years$20,156$11,224$5,944$3,033$1,509$97
50 years$19,527$10,722$5,588$2,803$1,370$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $20,000,000, adding $4,365 every year, while hoping to spend $55,222 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: 85/8/7 Blend
68$20,000,000$20,000,000$20,000,000$20,000,000
69$22,044,502$20,984,502$20,674,502$23,905,383
70$24,234,286$21,953,987$21,308,343$26,089,649
71$26,645,577$22,969,126$21,961,565$28,480,924
72$29,300,910$24,032,098$22,634,762$31,106,259
73$32,225,118$25,145,185$23,328,542$33,989,150
74$35,445,563$26,310,783$24,043,532$37,155,473
75$38,992,399$27,531,400$24,780,379$40,633,730
76$42,898,851$28,809,666$25,539,748$44,455,314
77$47,201,532$30,148,338$26,322,328$48,654,799
78$51,940,787$31,550,305$27,128,824$53,270,272
79$57,161,073$33,018,596$27,959,966$58,343,683
80$62,911,382$34,556,387$28,816,505$63,921,242
81$69,245,699$36,167,005$29,699,214$70,053,854
82$76,223,513$37,853,941$30,608,890$76,797,593
83$83,910,379$39,620,852$31,546,355$84,214,229
84$92,378,535$41,471,571$32,512,455$92,371,813
85$101,707,585$43,410,118$33,508,063$101,345,311
86$111,985,252$45,440,707$34,534,076$111,217,309
87$123,308,201$47,567,755$35,591,420$122,078,794
88$135,782,955$49,795,892$36,681,050$134,030,002
89$149,526,899$52,129,974$37,803,949$147,181,367
90$164,669,390$54,575,089$38,961,127$161,654,558
91$181,352,972$57,136,573$40,153,630$177,583,622
92$199,734,731$59,820,021$41,382,532$195,116,244
93$219,987,767$62,631,295$42,648,940$214,415,144
94$242,302,835$65,576,545$43,953,996$235,659,600
95$266,890,145$68,662,216$45,298,875$259,047,139
96$293,981,341$71,895,066$46,684,789$284,795,401
97$323,831,694$75,282,181$48,112,986$313,144,182
98$356,722,507$78,830,988$49,584,751$344,357,695
99$392,963,773$82,549,276$51,101,410$378,727,060
100$432,897,098$86,445,211$52,664,328$416,573,044