Can I retire at age 69 with 12,500,000?

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$987,180
2 years$511,009$501,492$492,268$483,326$474,651$464,993
3 years$337,289$327,731$318,530$309,671$301,138$291,709
4 years$250,446$240,917$231,808$223,101$214,774$205,646
5 years$198,353$188,882$179,893$171,363$163,268$154,468
6 years$163,636$154,236$145,380$137,040$129,188$120,728
7 years$138,848$129,527$120,812$112,668$105,065$96,947
8 years$120,266$111,029$102,458$94,515$87,161$79,386
9 years$105,820$96,670$88,247$80,506$73,402$65,968
10 years$94,271$85,210$76,936$69,397$62,543$55,443
11 years$84,827$75,858$67,733$60,396$53,789$47,019
12 years$76,963$68,086$60,111$52,975$46,612$40,166
13 years$70,314$61,530$53,705$46,769$40,647$34,516
14 years$64,620$55,929$48,255$41,516$35,631$29,807
15 years$59,690$51,092$43,567$37,025$31,372$25,848
16 years$55,380$46,876$39,500$33,152$27,727$22,492
17 years$51,581$43,171$35,944$29,787$24,584$19,630
18 years$48,208$39,892$32,812$26,844$21,859$17,176
19 years$45,193$36,971$30,038$24,256$19,484$15,062
20 years$42,484$34,356$27,567$21,968$17,403$13,232
21 years$40,035$32,001$25,356$19,938$15,574$11,644
22 years$37,812$29,872$23,370$18,128$13,960$10,261
23 years$35,786$27,938$21,578$16,509$12,531$9,053
24 years$33,931$26,176$19,956$15,058$11,263$7,996
25 years$32,227$24,565$18,483$13,752$10,135$7,069
26 years$30,657$23,087$17,142$12,574$9,129$6,255
27 years$29,205$21,728$15,918$11,509$8,231$5,539
28 years$27,860$20,474$14,798$10,545$7,427$4,908
29 years$26,609$19,315$13,771$9,670$6,706$4,351
30 years$25,445$18,241$12,827$8,874$6,060$3,859
31 years$24,357$17,244$11,958$8,150$5,478$3,425
32 years$23,340$16,316$11,157$7,490$4,956$3,040
33 years$22,386$15,452$10,418$6,888$4,485$2,700
34 years$21,490$14,645$9,734$6,338$4,061$2,398
35 years$20,647$13,890$9,100$5,834$3,678$2,131
36 years$19,853$13,184$8,513$5,373$3,332$1,894
37 years$19,103$12,522$7,968$4,951$3,020$1,684
38 years$18,395$11,900$7,462$4,563$2,738$1,497
39 years$17,725$11,316$6,991$4,207$2,483$1,331
40 years$17,089$10,766$6,552$3,881$2,252$1,184
41 years$16,487$10,248$6,144$3,580$2,043$1,053
42 years$15,914$9,760$5,763$3,304$1,854$937
43 years$15,370$9,299$5,408$3,050$1,683$834
44 years$14,852$8,864$5,077$2,816$1,527$742
45 years$14,358$8,453$4,767$2,601$1,387$660
46 years$13,887$8,064$4,477$2,403$1,259$587
47 years$13,438$7,695$4,206$2,220$1,143$523
48 years$13,008$7,346$3,953$2,051$1,038$465
49 years$12,597$7,015$3,715$1,896$943$414
50 years$12,204$6,701$3,493$1,752$856$369

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $12,500,000, adding $6,253 every year, while hoping to spend $57,502 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: 55/16/29 Blend
68$12,500,000$12,500,000$12,500,000$12,500,000
69$13,781,450$13,118,950$12,925,200$14,428,223
70$15,125,976$13,700,597$13,297,012$15,457,183
71$16,605,717$14,308,817$13,679,353$16,570,873
72$18,234,403$14,944,852$14,072,515$17,782,754
73$20,027,165$15,610,003$14,476,797$19,102,306
74$22,000,673$16,305,630$14,892,507$20,539,954
75$24,173,298$17,033,162$15,319,962$22,107,166
76$26,565,279$17,794,092$15,759,486$23,816,558
77$29,198,921$18,589,986$16,211,412$25,682,012
78$32,098,801$19,422,485$16,676,084$27,718,801
79$35,291,998$20,293,306$17,153,852$29,943,732
80$38,808,353$21,204,250$17,645,078$32,375,303
81$42,680,749$22,157,202$18,150,131$35,033,872
82$46,945,418$23,154,137$18,669,394$37,941,844
83$51,642,287$24,197,127$19,203,255$41,123,884
84$56,815,353$25,288,339$19,752,117$44,607,142
85$62,513,096$26,430,045$20,316,390$48,421,509
86$68,788,941$27,624,625$20,896,497$52,599,890
87$75,701,756$28,874,575$21,492,873$57,178,514
88$83,316,413$30,182,507$22,105,962$62,197,274
89$91,704,397$31,551,160$22,736,222$67,700,092
90$100,944,481$32,983,402$23,384,121$73,735,335
91$111,123,470$34,482,241$24,050,141$80,356,266
92$122,337,020$36,050,826$24,734,777$87,621,537
93$134,690,538$37,692,460$25,438,534$95,595,744
94$148,300,183$39,410,600$26,161,935$104,350,026
95$163,293,955$41,208,872$26,905,513$113,962,734
96$179,812,906$43,091,075$27,669,816$124,520,160
97$198,012,474$45,061,190$28,455,406$136,117,354
98$218,063,946$47,123,387$29,262,861$148,859,004
99$240,156,075$49,282,039$30,092,774$162,860,427
100$264,496,863$51,541,728$30,945,751$178,248,644