Can I retire at age 69 with 12,400,000?

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$984,213
2 years$506,921$497,480$488,330$479,459$470,854$466,231
3 years$334,590$325,109$315,982$307,194$298,729$294,206
4 years$248,442$238,989$229,954$221,316$213,056$208,668
5 years$196,766$187,371$178,454$169,992$161,962$157,721
6 years$162,327$153,002$144,217$135,944$128,155$124,068
7 years$137,738$128,491$119,845$111,767$104,224$100,293
8 years$119,304$110,140$101,638$93,759$86,464$82,688
9 years$104,974$95,897$87,541$79,861$72,815$69,194
10 years$93,517$84,529$76,320$68,841$62,042$58,575
11 years$84,149$75,251$67,191$59,913$53,358$50,042
12 years$76,348$67,541$59,630$52,551$46,239$43,071
13 years$69,752$61,037$53,276$46,395$40,322$37,299
14 years$64,103$55,481$47,869$41,184$35,346$32,465
15 years$59,212$50,683$43,219$36,729$31,121$28,379
16 years$54,937$46,501$39,184$32,887$27,505$24,897
17 years$51,168$42,826$35,656$29,549$24,388$21,911
18 years$47,822$39,573$32,549$26,629$21,684$19,334
19 years$44,832$36,676$29,797$24,062$19,328$17,100
20 years$42,144$34,081$27,347$21,793$17,264$15,155
21 years$39,715$31,745$25,154$19,778$15,449$13,454
22 years$37,510$29,633$23,183$17,983$13,848$11,963
23 years$35,499$27,715$21,405$16,377$12,431$10,651
24 years$33,659$25,967$19,796$14,937$11,173$9,494
25 years$31,969$24,369$18,335$13,641$10,054$8,472
26 years$30,411$22,903$17,005$12,473$9,056$7,567
27 years$28,972$21,554$15,791$11,417$8,165$6,764
28 years$27,637$20,310$14,680$10,460$7,368$6,051
29 years$26,397$19,160$13,661$9,592$6,653$5,417
30 years$25,241$18,095$12,724$8,803$6,011$4,851
31 years$24,162$17,106$11,863$8,085$5,435$4,347
32 years$23,153$16,186$11,068$7,431$4,916$3,897
33 years$22,207$15,328$10,334$6,833$4,449$3,496
34 years$21,318$14,527$9,656$6,287$4,028$3,136
35 years$20,482$13,779$9,027$5,787$3,648$2,815
36 years$19,694$13,078$8,445$5,330$3,306$2,527
37 years$18,951$12,421$7,904$4,911$2,996$2,269
38 years$18,248$11,805$7,402$4,527$2,716$2,038
39 years$17,583$11,225$6,935$4,174$2,463$1,831
40 years$16,953$10,680$6,500$3,850$2,234$1,646
41 years$16,355$10,166$6,095$3,552$2,027$1,479
42 years$15,787$9,682$5,717$3,278$1,839$1,329
43 years$15,247$9,225$5,365$3,026$1,669$1,195
44 years$14,733$8,793$5,036$2,794$1,515$1,075
45 years$14,243$8,385$4,729$2,580$1,375$966
46 years$13,776$7,999$4,441$2,383$1,249$869
47 years$13,330$7,634$4,172$2,202$1,134$782
48 years$12,904$7,287$3,921$2,035$1,030$703
49 years$12,497$6,959$3,685$1,880$935$632
50 years$12,107$6,648$3,465$1,738$850$569

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $12,400,000, adding $6,700 every year, while hoping to spend $59,242 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: 80/11/9 Blend
68$12,400,000$12,400,000$12,400,000$12,400,000
69$13,671,711$13,014,511$12,822,311$14,746,770
70$15,003,193$13,589,189$13,188,825$16,027,303
71$16,468,500$14,190,041$13,565,633$17,423,677
72$18,081,220$14,818,286$13,953,015$18,954,162
73$19,856,325$15,475,203$14,351,261$20,632,129
74$21,810,312$16,162,129$14,760,670$22,472,305
75$23,961,357$16,880,468$15,181,546$24,490,906
76$26,329,491$17,631,686$15,614,203$26,705,788
77$28,936,783$18,417,322$16,058,963$29,136,616
78$31,807,551$19,238,987$16,516,155$31,805,045
79$34,968,593$20,098,370$16,986,118$34,734,927
80$38,449,437$20,997,237$17,469,200$37,952,529
81$42,282,619$21,937,441$17,965,758$41,486,783
82$46,503,993$22,920,922$18,476,157$45,369,557
83$51,153,067$23,949,714$19,000,775$49,635,949
84$56,273,374$25,025,944$19,539,995$54,324,621
85$61,912,887$26,151,845$20,094,214$59,478,160
86$68,124,470$27,329,753$20,663,838$65,143,478
87$74,966,372$28,562,117$21,249,283$71,372,250
88$82,502,784$29,851,503$21,850,977$78,221,403
89$90,804,441$31,200,599$22,469,357$85,753,646
90$99,949,287$32,612,222$23,104,873$94,038,065
91$110,023,215$34,089,322$23,757,988$103,150,764
92$121,120,876$35,634,992$24,429,173$113,175,590
93$133,346,570$37,252,471$25,118,915$124,204,913
94$146,815,233$38,945,154$25,827,711$136,340,498
95$161,653,520$40,716,600$26,556,073$149,694,463
96$178,001,000$42,570,535$27,304,523$164,390,333
97$196,011,477$44,510,866$28,073,599$180,564,199
98$215,854,435$46,541,685$28,863,852$198,366,006
99$237,716,642$48,667,284$29,675,846$217,960,954
100$261,803,915$50,892,155$30,510,162$239,531,065