Can I retire at age 69 with 11,500,000?

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 $11,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$949,659$941,200$932,947$924,892$917,026$885,900
2 years$470,128$461,373$452,887$444,660$436,679$405,632
3 years$310,306$301,512$293,048$284,898$277,047$247,054
4 years$230,410$221,643$213,264$205,253$197,592$168,883
5 years$182,485$173,771$165,501$157,654$150,207$122,856
6 years$150,546$141,897$133,750$126,077$118,853$92,884
7 years$127,741$119,165$111,147$103,655$96,660$72,068
8 years$110,645$102,146$94,261$86,953$80,188$56,955
9 years$97,355$88,937$81,187$74,065$67,530$45,626
10 years$86,729$78,393$70,781$63,845$57,539$36,929
11 years$78,041$69,789$62,314$55,564$49,486$30,130
12 years$70,806$62,639$55,302$48,737$42,883$24,737
13 years$64,689$56,607$49,409$43,028$37,395$20,411
14 years$59,451$51,454$44,394$38,195$32,780$16,910
15 years$54,914$47,005$40,082$34,063$28,862$14,056
16 years$50,949$43,126$36,340$30,500$25,509$11,714
17 years$47,454$39,717$33,068$27,404$22,618$9,785
18 years$44,351$36,701$30,187$24,697$20,111$8,188
19 years$41,578$34,014$27,635$22,315$17,925$6,862
20 years$39,085$31,607$25,362$20,211$16,011$5,758
21 years$36,832$29,441$23,328$18,343$14,328$4,836
22 years$34,787$27,482$21,500$16,678$12,843$4,066
23 years$32,923$25,703$19,852$15,189$11,529$3,421
24 years$31,216$24,082$18,359$13,853$10,362$2,880
25 years$29,649$22,600$17,005$12,651$9,324$2,426
26 years$28,204$21,240$15,771$11,568$8,399$2,044
27 years$26,869$19,990$14,645$10,588$7,572$1,723
28 years$25,631$18,836$13,614$9,701$6,833$1,453
29 years$24,481$17,770$12,669$8,896$6,170$1,225
30 years$23,409$16,782$11,801$8,164$5,575$1,034
31 years$22,408$15,864$11,002$7,498$5,040$872
32 years$21,472$15,011$10,265$6,891$4,559$736
33 years$20,595$14,215$9,584$6,337$4,126$621
34 years$19,771$13,473$8,955$5,831$3,736$524
35 years$18,995$12,779$8,372$5,367$3,384$443
36 years$18,265$12,129$7,832$4,943$3,066$374
37 years$17,575$11,520$7,331$4,555$2,779$316
38 years$16,923$10,948$6,865$4,198$2,519$266
39 years$16,307$10,410$6,432$3,871$2,284$225
40 years$15,722$9,905$6,028$3,570$2,072$190
41 years$15,168$9,428$5,653$3,294$1,880$160
42 years$14,641$8,979$5,302$3,040$1,706$135
43 years$14,140$8,555$4,976$2,806$1,548$114
44 years$13,664$8,155$4,670$2,591$1,405$97
45 years$13,209$7,777$4,385$2,393$1,276$82
46 years$12,776$7,419$4,119$2,210$1,158$69
47 years$12,363$7,080$3,870$2,042$1,052$58
48 years$11,967$6,758$3,636$1,887$955$49
49 years$11,590$6,454$3,418$1,744$867$42
50 years$11,228$6,165$3,213$1,612$788$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $11,500,000, adding $5,532 every year, while hoping to spend $42,231 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: 50/22/28 Blend
68$11,500,000$11,500,000$11,500,000$11,500,000
69$12,678,706$12,069,206$11,890,956$13,211,897
70$13,927,001$12,615,664$12,244,370$14,131,694
71$15,301,206$13,187,483$12,608,207$15,126,233
72$16,814,120$13,785,860$12,982,773$16,206,438
73$18,479,846$14,412,053$13,368,382$17,380,460
74$20,313,922$15,067,375$13,765,354$18,657,258
75$22,333,471$15,753,206$14,174,023$20,046,680
76$24,557,362$16,470,989$14,594,729$21,559,555
77$27,006,384$17,222,240$15,027,824$23,207,791
78$29,703,449$18,008,543$15,473,670$25,004,480
79$32,673,799$18,831,560$15,932,637$26,964,024
80$35,945,255$19,693,035$16,405,108$29,102,264
81$39,548,469$20,594,791$16,891,477$31,436,625
82$43,517,220$21,538,743$17,392,148$33,986,278
83$47,888,730$22,526,895$17,907,539$36,772,316
84$52,704,015$23,561,348$18,438,077$39,817,947
85$58,008,275$24,644,304$18,984,202$43,148,712
86$63,851,316$25,778,072$19,546,370$46,792,719
87$70,288,021$26,965,069$20,125,045$50,780,901
88$77,378,873$28,207,831$20,720,707$55,147,308
89$85,190,518$29,509,014$21,333,851$59,929,420
90$93,796,399$30,871,404$21,964,983$65,168,491
91$103,277,449$32,297,920$22,614,627$70,909,942
92$113,722,850$33,791,620$23,283,319$77,203,773
93$125,230,883$35,355,711$23,971,611$84,105,037
94$137,909,846$36,993,553$24,680,073$91,674,348
95$151,879,083$38,708,671$25,409,289$99,978,445
96$167,270,110$40,504,756$26,159,861$109,090,820
97$184,227,851$42,385,679$26,932,406$119,092,400
98$202,912,012$44,355,497$27,727,562$130,072,302
99$223,498,585$46,418,464$28,545,982$142,128,669
100$246,181,508$48,579,036$29,388,340$155,369,586