Can I retire at age 69 with 11,900,000?

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$982,691$973,938$965,398$957,062$948,923$929,383
2 years$486,481$477,420$468,640$460,126$451,868$432,271
3 years$321,099$311,999$303,241$294,807$286,684$267,641
4 years$238,424$229,353$220,682$212,392$204,465$186,123
5 years$188,832$179,815$171,258$163,137$155,431$137,842
6 years$155,782$146,833$138,402$130,462$122,987$106,170
7 years$132,184$123,310$115,013$107,260$100,022$83,979
8 years$114,493$105,699$97,540$89,978$82,978$67,706
9 years$100,741$92,030$84,011$76,641$69,879$55,367
10 years$89,746$81,120$73,243$66,065$59,541$45,774
11 years$80,756$72,217$64,482$57,497$51,207$38,169
12 years$73,269$64,818$57,226$50,432$44,375$32,046
13 years$66,939$58,576$51,128$44,524$38,696$27,055
14 years$61,518$53,244$45,938$39,524$33,920$22,945
15 years$56,825$48,640$41,476$35,248$29,866$19,533
16 years$52,721$44,626$37,604$31,561$26,396$16,680
17 years$49,105$41,099$34,218$28,357$23,404$14,282
18 years$45,894$37,977$31,237$25,556$20,810$12,255
19 years$43,024$35,197$28,596$23,092$18,548$10,536
20 years$40,444$32,707$26,244$20,914$16,568$9,072
21 years$38,113$30,465$24,139$18,981$14,826$7,822
22 years$35,997$28,438$22,248$17,258$13,290$6,753
23 years$34,068$26,597$20,542$15,717$11,930$5,835
24 years$32,302$24,920$18,998$14,335$10,723$5,046
25 years$30,680$23,386$17,596$13,091$9,649$4,368
26 years$29,185$21,979$16,319$11,970$8,691$3,782
27 years$27,803$20,685$15,154$10,957$7,836$3,277
28 years$26,523$19,491$14,088$10,039$7,070$2,841
29 years$25,332$18,388$13,110$9,206$6,384$2,464
30 years$24,223$17,365$12,211$8,448$5,769$2,138
31 years$23,188$16,416$11,384$7,759$5,215$1,855
32 years$22,219$15,533$10,622$7,131$4,718$1,610
33 years$21,311$14,710$9,917$6,557$4,270$1,398
34 years$20,458$13,942$9,266$6,033$3,866$1,214
35 years$19,656$13,223$8,663$5,554$3,501$1,055
36 years$18,900$12,551$8,104$5,115$3,172$916
37 years$18,186$11,921$7,586$4,713$2,875$796
38 years$17,512$11,329$7,104$4,344$2,607$692
39 years$16,874$10,773$6,655$4,005$2,364$601
40 years$16,269$10,249$6,238$3,694$2,144$522
41 years$15,695$9,756$5,849$3,409$1,945$454
42 years$15,150$9,292$5,487$3,146$1,765$395
43 years$14,632$8,853$5,149$2,904$1,602$343
44 years$14,139$8,439$4,833$2,681$1,454$298
45 years$13,669$8,047$4,538$2,476$1,320$259
46 years$13,221$7,677$4,262$2,287$1,198$225
47 years$12,793$7,326$4,004$2,113$1,088$196
48 years$12,384$6,994$3,763$1,953$988$170
49 years$11,993$6,678$3,537$1,805$898$148
50 years$11,619$6,379$3,325$1,668$815$129

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $11,900,000, adding $3,106 every year, while hoping to spend $28,826 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: 52/43/5 Blend
68$11,900,000$11,900,000$11,900,000$11,900,000
69$13,117,004$12,486,304$12,301,854$13,784,220
70$14,424,268$13,067,462$12,683,295$14,817,756
71$15,863,906$13,676,131$13,076,549$15,937,673
72$17,449,391$14,313,628$13,481,980$17,154,802
73$19,195,568$14,981,335$13,899,965$18,478,290
74$21,118,794$15,680,698$14,330,892$19,918,187
75$23,237,096$16,413,237$14,775,162$21,485,525
76$25,570,336$17,180,542$15,233,186$23,192,427
77$28,140,403$17,984,282$15,705,391$25,052,211
78$30,971,417$18,826,204$16,192,214$27,079,508
79$34,089,955$19,708,142$16,694,107$29,290,400
80$37,525,308$20,632,018$17,211,537$31,702,562
81$41,309,749$21,599,846$17,744,983$34,335,423
82$45,478,844$22,613,740$18,294,940$37,210,340
83$50,071,785$23,675,912$18,861,920$40,350,797
84$55,131,760$24,788,684$19,446,447$43,782,619
85$60,706,361$25,954,492$20,049,065$47,534,202
86$66,848,033$27,175,885$20,670,332$51,636,780
87$73,614,569$28,455,540$21,310,824$56,124,708
88$81,069,654$29,796,261$21,971,136$61,035,774
89$89,283,470$31,200,988$22,651,880$66,411,555
90$98,333,353$32,672,806$23,353,688$72,297,791
91$108,304,528$34,214,947$24,077,209$78,744,811
92$119,290,910$35,830,799$24,823,116$85,807,995
93$131,395,992$37,523,917$25,592,098$93,548,287
94$144,733,820$39,298,026$26,384,871$102,032,760
95$159,430,072$41,157,032$27,202,167$111,335,230
96$175,623,245$43,105,032$28,044,745$121,536,949
97$193,465,958$45,146,320$28,913,385$132,727,352
98$213,126,395$47,285,399$29,808,893$145,004,888
99$234,789,894$49,526,991$30,732,098$158,477,935
100$258,660,695$51,876,045$31,683,856$173,265,810