Can I retire at age 69 with 10,400,000?

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$858,822$851,172$843,709$836,424$829,311$799,568
2 years$425,160$417,241$409,567$402,127$394,910$365,266
3 years$280,624$272,672$265,017$257,647$250,547$221,934
4 years$208,371$200,443$192,865$185,620$178,692$151,329
5 years$165,030$157,149$149,671$142,574$135,839$109,797
6 years$136,145$128,324$120,956$114,017$107,485$82,783
7 years$115,522$107,767$100,515$93,740$87,414$64,047
8 years$100,061$92,376$85,245$78,636$72,518$50,466
9 years$88,043$80,430$73,421$66,981$61,071$40,305
10 years$78,433$70,895$64,010$57,738$52,035$32,519
11 years$70,576$63,114$56,354$50,249$44,752$26,446
12 years$64,033$56,647$50,013$44,075$38,781$21,640
13 years$58,502$51,193$44,683$38,912$33,818$17,795
14 years$53,764$46,533$40,148$34,542$29,645$14,691
15 years$49,662$42,508$36,248$30,805$26,102$12,168
16 years$46,076$39,001$32,864$27,583$23,069$10,105
17 years$42,915$35,918$29,905$24,783$20,454$8,409
18 years$40,109$33,190$27,299$22,334$18,187$7,010
19 years$37,601$30,760$24,991$20,181$16,210$5,853
20 years$35,346$28,584$22,936$18,278$14,479$4,892
21 years$33,309$26,625$21,097$16,588$12,957$4,094
22 years$31,460$24,853$19,444$15,082$11,615$3,428
23 years$29,774$23,245$17,953$13,736$10,426$2,873
24 years$28,230$21,779$16,603$12,528$9,371$2,409
25 years$26,813$20,438$15,378$11,441$8,432$2,021
26 years$25,506$19,209$14,262$10,461$7,596$1,696
27 years$24,299$18,078$13,244$9,575$6,848$1,424
28 years$23,179$17,034$12,312$8,773$6,179$1,196
29 years$22,139$16,070$11,457$8,045$5,580$1,004
30 years$21,170$15,176$10,672$7,383$5,042$844
31 years$20,265$14,347$9,949$6,781$4,558$709
32 years$19,418$13,575$9,283$6,232$4,123$596
33 years$18,625$12,856$8,667$5,731$3,731$501
34 years$17,880$12,184$8,098$5,273$3,378$421
35 years$17,178$11,557$7,571$4,854$3,060$354
36 years$16,518$10,969$7,083$4,470$2,772$298
37 years$15,894$10,418$6,629$4,119$2,513$250
38 years$15,305$9,901$6,208$3,796$2,278$210
39 years$14,747$9,415$5,816$3,501$2,066$177
40 years$14,218$8,957$5,452$3,229$1,874$149
41 years$13,717$8,527$5,112$2,979$1,700$125
42 years$13,241$8,120$4,795$2,749$1,543$105
43 years$12,788$7,737$4,500$2,538$1,400$88
44 years$12,357$7,375$4,224$2,343$1,271$74
45 years$11,946$7,033$3,966$2,164$1,154$63
46 years$11,554$6,709$3,725$1,999$1,047$53
47 years$11,180$6,402$3,499$1,847$951$44
48 years$10,823$6,112$3,288$1,707$864$37
49 years$10,481$5,837$3,091$1,577$784$31
50 years$10,154$5,575$2,906$1,458$713$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $10,400,000, adding $5,741 every year, while hoping to spend $30,941 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: 68/14/18 Blend
68$10,400,000$10,400,000$10,400,000$10,400,000
69$11,466,722$10,915,522$10,754,322$12,195,896
70$12,603,406$11,417,461$11,081,671$13,185,488
71$13,854,996$11,942,959$11,418,949$14,263,383
72$15,233,178$12,493,136$11,766,456$15,441,671
73$16,750,831$13,069,169$12,124,501$16,730,234
74$18,422,147$13,672,289$12,493,403$18,139,945
75$20,262,762$14,303,788$12,873,488$19,682,775
76$22,289,910$14,965,020$13,265,096$21,371,897
77$24,522,578$15,657,402$13,668,574$23,221,814
78$26,981,689$16,382,423$14,084,279$25,248,490
79$29,690,300$17,141,641$14,512,582$27,469,500
80$32,673,819$17,936,690$14,953,862$29,904,195
81$35,960,243$18,769,282$15,408,510$32,573,879
82$39,580,424$19,641,213$15,876,931$35,502,009
83$43,568,358$20,554,364$16,359,539$38,714,416
84$47,961,510$21,510,706$16,856,763$42,239,543
85$52,801,162$22,512,309$17,369,043$46,108,711
86$58,132,808$23,561,339$17,896,833$50,356,414
87$64,006,578$24,660,069$18,440,601$55,020,639
88$70,477,715$25,810,879$19,000,827$60,143,223
89$77,607,097$27,016,266$19,578,010$65,770,241
90$85,461,806$28,278,849$20,172,658$71,952,445
91$94,115,767$29,601,369$20,785,299$78,745,731
92$103,650,443$30,986,704$21,416,474$86,211,667
93$114,155,604$32,437,868$22,066,742$94,418,071
94$125,730,175$33,958,024$22,736,678$103,439,644
95$138,483,170$35,550,484$23,426,873$113,358,673
96$152,534,719$37,218,723$24,137,939$124,265,804
97$168,017,202$38,966,382$24,870,502$136,260,889
98$185,076,504$40,797,282$25,625,211$149,453,928
99$203,873,383$42,715,424$26,402,731$163,966,101
100$224,584,994$44,725,006$27,203,748$179,930,904