Can I retire at age 69 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$933,143$924,831$916,722$908,807$901,078$872,933
2 years$461,952$453,349$445,011$436,926$429,085$400,980
3 years$304,909$296,268$287,951$279,943$272,229$245,046
4 years$226,403$217,789$209,555$201,683$194,156$168,102
5 years$179,311$170,749$162,623$154,912$147,594$122,741
6 years$147,927$139,429$131,424$123,884$116,786$93,154
7 years$125,519$117,093$109,214$101,852$94,979$72,566
8 years$108,720$100,370$92,622$85,441$78,794$57,586
9 years$95,662$87,390$79,775$72,777$66,356$46,330
10 years$85,221$77,030$69,550$62,734$56,538$37,664
11 years$76,684$68,575$61,231$54,598$48,625$30,869
12 years$69,575$61,550$54,341$47,890$42,137$25,462
13 years$63,564$55,623$48,550$42,279$36,745$21,109
14 years$58,417$50,560$43,622$37,531$32,210$17,574
15 years$53,959$46,187$39,385$33,471$28,360$14,680
16 years$50,063$42,376$35,708$29,970$25,065$12,297
17 years$46,629$39,027$32,493$26,927$22,224$10,324
18 years$43,580$36,062$29,662$24,267$19,761$8,684
19 years$40,855$33,422$27,154$21,927$17,613$7,316
20 years$38,405$31,057$24,921$19,859$15,732$6,172
21 years$36,192$28,929$22,922$18,024$14,079$5,213
22 years$34,182$27,004$21,126$16,388$12,620$4,406
23 years$32,350$25,256$19,506$14,925$11,328$3,728
24 years$30,673$23,664$18,040$13,612$10,182$3,156
25 years$29,133$22,207$16,709$12,431$9,162$2,673
26 years$27,714$20,871$15,497$11,367$8,253$2,265
27 years$26,402$19,642$14,390$10,404$7,441$1,920
28 years$25,185$18,509$13,377$9,532$6,714$1,628
29 years$24,055$17,461$12,449$8,741$6,063$1,381
30 years$23,002$16,490$11,596$8,022$5,478$1,172
31 years$22,019$15,588$10,810$7,368$4,953$995
32 years$21,099$14,750$10,086$6,771$4,480$844
33 years$20,237$13,968$9,417$6,227$4,054$717
34 years$19,427$13,239$8,799$5,729$3,671$609
35 years$18,665$12,557$8,227$5,274$3,325$517
36 years$17,947$11,918$7,696$4,857$3,012$439
37 years$17,269$11,320$7,203$4,475$2,730$373
38 years$16,629$10,758$6,745$4,125$2,475$316
39 years$16,023$10,229$6,320$3,803$2,245$269
40 years$15,449$9,732$5,923$3,508$2,036$228
41 years$14,904$9,264$5,554$3,237$1,847$194
42 years$14,387$8,823$5,210$2,987$1,676$165
43 years$13,894$8,407$4,889$2,757$1,521$140
44 years$13,426$8,013$4,589$2,546$1,381$119
45 years$12,980$7,641$4,309$2,351$1,253$101
46 years$12,554$7,290$4,047$2,172$1,138$86
47 years$12,148$6,956$3,802$2,007$1,033$73
48 years$11,759$6,641$3,573$1,854$938$62
49 years$11,388$6,342$3,358$1,714$852$53
50 years$11,033$6,058$3,157$1,584$774$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $11,300,000, adding $4,788 every year, while hoping to spend $48,645 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: 35/37/28 Blend
68$11,300,000$11,300,000$11,300,000$11,300,000
69$12,457,539$11,858,639$11,683,489$12,788,222
70$13,676,450$12,387,954$12,023,128$13,565,668
71$15,018,059$12,941,576$12,372,514$14,399,212
72$16,494,832$13,520,643$12,731,924$15,297,669
73$18,120,500$14,126,350$13,101,638$16,266,880
74$19,910,197$14,759,947$13,481,949$17,313,251
75$21,880,597$15,422,744$13,873,155$18,443,810
76$24,050,074$16,116,115$14,275,562$19,666,264
77$26,438,874$16,841,497$14,689,485$20,989,072
78$29,069,306$17,600,398$15,115,250$22,421,518
79$31,965,953$18,394,395$15,553,188$23,973,791
80$35,155,902$19,225,142$16,003,642$25,657,081
81$38,669,003$20,094,373$16,466,963$27,483,675
82$42,538,147$21,003,903$16,943,512$29,467,068
83$46,799,578$21,955,634$17,433,660$31,622,086
84$51,493,235$22,951,560$17,937,788$33,965,017
85$56,663,128$23,993,770$18,456,287$36,513,760
86$62,357,755$25,084,452$18,989,560$39,287,987
87$68,630,555$26,225,899$19,538,019$42,309,318
88$75,540,419$27,420,515$20,102,090$45,601,524
89$83,152,239$28,670,818$20,682,207$49,190,738
90$91,537,526$29,979,447$21,278,820$53,105,695
91$100,775,081$31,349,167$21,892,388$57,377,995
92$110,951,739$32,782,877$22,523,383$62,042,393
93$122,163,191$34,283,612$23,172,291$67,137,115
94$134,514,884$35,854,556$23,839,610$72,704,213
95$148,123,017$37,499,045$24,525,852$78,789,947
96$163,115,640$39,220,573$25,231,543$85,445,215
97$179,633,859$41,022,804$25,957,223$92,726,020
98$197,833,169$42,909,579$26,703,447$100,693,988
99$217,884,924$44,884,920$27,470,784$109,416,936
100$239,977,950$46,953,044$28,259,819$118,969,502