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

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 $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%17.3%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,547,497
2 years$817,615$802,387$787,630$773,321$759,442$712,148
3 years$539,662$524,369$509,648$495,474$481,821$436,046
4 years$400,713$385,467$370,894$356,961$343,639$299,734
5 years$317,365$302,211$287,829$274,180$261,229$219,314
6 years$261,818$246,778$232,608$219,264$206,701$166,814
7 years$222,157$207,243$193,299$180,269$168,104$130,242
8 years$192,425$177,646$163,933$151,223$139,458$103,600
9 years$169,313$154,673$141,195$128,809$117,444$83,552
10 years$150,833$136,336$123,097$111,034$100,068$68,095
11 years$135,724$121,372$108,373$96,633$86,062$55,953
12 years$123,141$108,937$96,178$84,760$74,579$46,274
13 years$112,503$98,447$85,929$74,831$65,035$38,469
14 years$103,392$89,486$77,207$66,426$57,009$32,115
15 years$95,503$81,747$69,708$59,241$50,195$26,902
16 years$88,608$75,001$63,201$53,044$44,363$22,600
17 years$82,529$69,073$57,510$47,659$39,335$19,030
18 years$77,132$63,827$52,499$42,951$34,975$16,055
19 years$72,309$59,154$48,060$38,809$31,174$13,567
20 years$67,974$54,969$44,107$35,149$27,845$11,480
21 years$64,056$51,201$40,570$31,900$24,918$9,726
22 years$60,500$47,795$37,392$29,005$22,336$8,247
23 years$57,257$44,701$34,525$26,415$20,050$6,999
24 years$54,289$41,882$31,930$24,092$18,021$5,944
25 years$51,563$39,304$29,573$22,002$16,216$5,051
26 years$49,051$36,940$27,428$20,118$14,607$4,294
27 years$46,728$34,765$25,469$18,414$13,170$3,652
28 years$44,576$32,759$23,677$16,871$11,883$3,107
29 years$42,575$30,904$22,033$15,471$10,730$2,644
30 years$40,711$29,186$20,523$14,199$9,695$2,251
31 years$38,971$27,590$19,133$13,041$8,766$1,917
32 years$37,343$26,106$17,851$11,985$7,929$1,632
33 years$35,817$24,723$16,668$11,021$7,176$1,390
34 years$34,384$23,431$15,574$10,140$6,497$1,184
35 years$33,035$22,224$14,560$9,335$5,884$1,009
36 years$31,765$21,094$13,621$8,597$5,332$860
37 years$30,565$20,035$12,749$7,921$4,832$733
38 years$29,432$19,040$11,939$7,301$4,381$624
39 years$28,360$18,105$11,185$6,732$3,973$532
40 years$27,343$17,226$10,484$6,209$3,603$453
41 years$26,379$16,397$9,831$5,729$3,269$386
42 years$25,463$15,616$9,221$5,287$2,966$329
43 years$24,592$14,879$8,653$4,880$2,692$281
44 years$23,763$14,183$8,122$4,506$2,444$239
45 years$22,973$13,525$7,627$4,162$2,218$204
46 years$22,219$12,902$7,163$3,844$2,014$174
47 years$21,500$12,312$6,730$3,552$1,829$148
48 years$20,813$11,754$6,324$3,282$1,661$126
49 years$20,156$11,224$5,944$3,033$1,509$108
50 years$19,527$10,722$5,588$2,803$1,370$92

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 $2,467 every year, while hoping to spend $45,959 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: 53/17/30 Blend
68$20,000,000$20,000,000$20,000,000$20,000,000
69$22,042,545$20,982,545$20,672,545$23,025,324
70$24,241,984$21,961,789$21,316,175$24,687,842
71$26,664,226$22,987,477$21,979,826$26,491,364
72$29,331,948$24,061,834$22,664,121$28,453,344
73$32,270,139$25,187,195$23,369,701$30,588,993
74$35,506,334$26,366,009$24,097,228$32,915,036
75$39,070,878$27,600,841$24,847,382$35,449,862
76$42,997,206$28,894,381$25,620,868$38,213,700
77$47,322,164$30,249,449$26,418,411$41,228,797
78$52,086,355$31,669,002$27,240,757$44,519,626
79$57,334,518$33,156,138$28,088,678$48,113,110
80$63,115,958$34,714,108$28,962,968$52,038,872
81$69,485,005$36,346,318$29,864,446$56,329,505
82$76,501,527$38,056,340$30,793,957$61,020,875
83$84,231,500$39,847,918$31,752,371$66,152,453
84$92,747,625$41,724,978$32,740,588$71,767,681
85$102,130,017$43,691,636$33,759,532$77,914,370
86$112,466,960$45,752,207$34,810,157$84,645,151
87$123,855,741$47,911,217$35,893,449$92,017,957
88$136,403,568$50,173,408$37,010,421$100,096,563
89$150,228,582$52,543,754$38,162,119$108,951,184
90$165,460,970$55,027,471$39,349,623$118,659,120
91$182,244,197$57,630,026$40,574,044$129,305,485
92$200,736,360$60,357,151$41,836,529$140,983,993
93$221,111,675$63,214,858$43,138,259$153,797,837
94$243,562,129$66,209,449$44,480,454$167,860,650
95$268,299,287$69,347,533$45,864,370$183,297,567
96$295,556,290$72,636,038$47,291,303$200,246,394
97$325,590,058$76,082,230$48,762,587$218,858,897
98$358,683,711$79,693,727$50,279,601$239,302,223
99$395,149,246$83,478,516$51,843,764$261,760,459
100$435,330,479$87,444,974$53,456,541$286,436,364