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%18.5%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,540,081
2 years$817,615$802,387$787,630$773,321$759,442$704,843
3 years$539,662$524,369$509,648$495,474$481,821$429,085
4 years$400,713$385,467$370,894$356,961$343,639$293,168
5 years$317,365$302,211$287,829$274,180$261,229$213,158
6 years$261,818$246,778$232,608$219,264$206,701$161,067
7 years$222,157$207,243$193,299$180,269$168,104$124,899
8 years$192,425$177,646$163,933$151,223$139,458$98,648
9 years$169,313$154,673$141,195$128,809$117,444$78,979
10 years$150,833$136,336$123,097$111,034$100,068$63,884
11 years$135,724$121,372$108,373$96,633$86,062$52,087
12 years$123,141$108,937$96,178$84,760$74,579$42,736
13 years$112,503$98,447$85,929$74,831$65,035$35,239
14 years$103,392$89,486$77,207$66,426$57,009$29,174
15 years$95,503$81,747$69,708$59,241$50,195$24,232
16 years$88,608$75,001$63,201$53,044$44,363$20,181
17 years$82,529$69,073$57,510$47,659$39,335$16,844
18 years$77,132$63,827$52,499$42,951$34,975$14,084
19 years$72,309$59,154$48,060$38,809$31,174$11,795
20 years$67,974$54,969$44,107$35,149$27,845$9,889
21 years$64,056$51,201$40,570$31,900$24,918$8,300
22 years$60,500$47,795$37,392$29,005$22,336$6,973
23 years$57,257$44,701$34,525$26,415$20,050$5,862
24 years$54,289$41,882$31,930$24,092$18,021$4,931
25 years$51,563$39,304$29,573$22,002$16,216$4,150
26 years$49,051$36,940$27,428$20,118$14,607$3,494
27 years$46,728$34,765$25,469$18,414$13,170$2,943
28 years$44,576$32,759$23,677$16,871$11,883$2,480
29 years$42,575$30,904$22,033$15,471$10,730$2,090
30 years$40,711$29,186$20,523$14,199$9,695$1,761
31 years$38,971$27,590$19,133$13,041$8,766$1,485
32 years$37,343$26,106$17,851$11,985$7,929$1,252
33 years$35,817$24,723$16,668$11,021$7,176$1,056
34 years$34,384$23,431$15,574$10,140$6,497$891
35 years$33,035$22,224$14,560$9,335$5,884$751
36 years$31,765$21,094$13,621$8,597$5,332$634
37 years$30,565$20,035$12,749$7,921$4,832$535
38 years$29,432$19,040$11,939$7,301$4,381$451
39 years$28,360$18,105$11,185$6,732$3,973$380
40 years$27,343$17,226$10,484$6,209$3,603$321
41 years$26,379$16,397$9,831$5,729$3,269$271
42 years$25,463$15,616$9,221$5,287$2,966$229
43 years$24,592$14,879$8,653$4,880$2,692$193
44 years$23,763$14,183$8,122$4,506$2,444$163
45 years$22,973$13,525$7,627$4,162$2,218$137
46 years$22,219$12,902$7,163$3,844$2,014$116
47 years$21,500$12,312$6,730$3,552$1,829$98
48 years$20,813$11,754$6,324$3,282$1,661$82
49 years$20,156$11,224$5,944$3,033$1,509$70
50 years$19,527$10,722$5,588$2,803$1,370$59

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 $4,021 every year, while hoping to spend $46,147 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: 52/41/7 Blend
68$20,000,000$20,000,000$20,000,000$20,000,000
69$22,044,148$20,984,148$20,674,148$23,152,609
70$24,243,551$21,963,271$21,317,632$24,884,637
71$26,665,746$22,988,824$21,981,126$26,761,850
72$29,333,410$24,063,035$22,665,251$28,802,149
73$32,271,530$25,188,236$23,370,649$31,020,903
74$35,507,641$26,366,874$24,097,981$33,434,991
75$39,072,085$27,601,515$24,847,927$36,062,954
76$42,998,295$28,894,847$25,621,191$38,925,156
77$47,323,116$30,249,689$26,418,495$42,043,978
78$52,087,147$31,668,997$27,240,588$45,444,007
79$57,335,127$33,155,869$28,088,239$49,152,271
80$63,116,356$34,713,553$28,962,241$53,198,475
81$69,485,162$36,345,454$29,863,414$57,615,275
82$76,501,410$38,055,144$30,792,600$62,438,572
83$84,231,072$39,846,363$31,750,670$67,707,844
84$92,746,844$41,723,038$32,738,520$73,466,502
85$102,128,838$43,689,283$33,757,076$79,762,290
86$112,465,332$45,749,410$34,807,291$86,647,718
87$123,853,608$47,907,944$35,890,148$94,180,551
88$136,400,868$50,169,625$37,006,659$102,424,331
89$150,225,246$52,539,426$38,157,872$111,448,968
90$165,456,922$55,022,558$39,344,861$121,331,381
91$182,239,353$57,624,489$40,568,739$132,156,208
92$200,730,625$60,350,947$41,830,650$144,016,587
93$221,104,948$63,207,942$43,131,775$157,015,014
94$243,554,294$66,201,773$44,473,332$171,264,298
95$268,290,219$69,339,046$45,856,575$186,888,598
96$295,545,849$72,626,688$47,282,798$204,024,580
97$325,578,090$76,071,959$48,753,336$222,822,679
98$358,670,046$79,682,476$50,269,563$243,448,502
99$395,133,695$83,466,222$51,832,899$266,084,361
100$435,312,835$87,431,570$53,444,804$290,930,972