Can I retire at age 69 with 12,700,000?

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$988,234
2 years$519,185$509,516$500,145$491,059$482,246$457,728
3 years$342,685$332,974$323,627$314,626$305,956$282,169
4 years$254,453$244,771$235,517$226,670$218,211$195,336
5 years$201,527$191,904$182,771$174,105$165,880$143,983
6 years$166,255$156,704$147,706$139,233$131,255$110,357
7 years$141,070$131,600$122,745$114,471$106,746$86,850
8 years$122,190$112,805$104,097$96,027$88,556$69,653
9 years$107,513$98,217$89,659$81,794$74,577$56,653
10 years$95,779$86,574$78,167$70,507$63,543$46,577
11 years$86,184$77,071$68,817$61,362$54,649$38,617
12 years$78,195$69,175$61,073$53,823$47,358$32,232
13 years$71,439$62,514$54,565$47,517$41,297$27,049
14 years$65,654$56,824$49,027$42,181$36,201$22,800
15 years$60,645$51,909$44,264$37,618$31,874$19,288
16 years$56,266$47,626$40,132$33,683$28,170$16,366
17 years$52,406$43,862$36,519$30,264$24,978$13,922
18 years$48,979$40,530$33,337$27,274$22,209$11,868
19 years$45,916$37,563$30,518$24,644$19,795$10,135
20 years$43,163$34,905$28,008$22,320$17,682$8,668
21 years$40,676$32,513$25,762$20,257$15,823$7,422
22 years$38,417$30,350$23,744$18,418$14,183$6,363
23 years$36,358$28,385$21,923$16,774$12,732$5,460
24 years$34,474$26,595$20,275$15,299$11,443$4,688
25 years$32,743$24,958$18,779$13,972$10,297$4,029
26 years$31,147$23,457$17,417$12,775$9,276$3,464
27 years$29,672$22,076$16,173$11,693$8,363$2,980
28 years$28,306$20,802$15,035$10,713$7,546$2,564
29 years$27,035$19,624$13,991$9,824$6,814$2,207
30 years$25,852$18,533$13,032$9,016$6,157$1,901
31 years$24,747$17,520$12,150$8,281$5,566$1,637
32 years$23,713$16,577$11,336$7,610$5,035$1,411
33 years$22,744$15,699$10,584$6,998$4,557$1,216
34 years$21,834$14,879$9,889$6,439$4,126$1,048
35 years$20,977$14,112$9,246$5,927$3,737$903
36 years$20,171$13,395$8,649$5,459$3,386$779
37 years$19,409$12,722$8,095$5,030$3,068$671
38 years$18,689$12,090$7,581$4,636$2,782$579
39 years$18,008$11,497$7,103$4,275$2,523$499
40 years$17,363$10,938$6,657$3,943$2,288$431
41 years$16,751$10,412$6,242$3,638$2,076$371
42 years$16,169$9,916$5,856$3,357$1,884$320
43 years$15,616$9,448$5,495$3,099$1,710$276
44 years$15,089$9,006$5,158$2,861$1,552$238
45 years$14,588$8,588$4,843$2,643$1,409$206
46 years$14,109$8,193$4,549$2,441$1,279$177
47 years$13,653$7,818$4,273$2,255$1,161$153
48 years$13,216$7,464$4,016$2,084$1,055$132
49 years$12,799$7,127$3,775$1,926$958$114
50 years$12,400$6,808$3,549$1,780$870$98

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $12,700,000, adding $2,362 every year, while hoping to spend $31,981 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: 52/24/24 Blend
68$12,700,000$12,700,000$12,700,000$12,700,000
69$13,997,836$13,324,736$13,127,886$14,632,019
70$15,391,588$13,943,621$13,533,643$15,689,805
71$16,926,431$14,591,759$13,951,921$16,836,334
72$18,616,722$15,270,550$14,383,105$18,082,862
73$20,478,282$15,981,462$14,827,594$19,438,924
74$22,528,545$16,726,031$15,285,796$20,914,998
75$24,786,721$17,505,872$15,758,135$22,522,603
76$27,273,979$18,322,672$16,245,045$24,274,404
77$30,013,647$19,178,205$16,746,976$26,184,325
78$33,031,429$20,074,327$17,264,390$28,267,679
79$36,355,652$21,012,986$17,797,764$30,541,306
80$40,017,528$21,996,222$18,347,588$33,023,728
81$44,051,453$23,026,174$18,914,370$35,735,321
82$48,495,332$24,105,087$19,498,632$38,698,499
83$53,390,931$25,235,311$20,100,911$41,937,920
84$58,784,277$26,419,313$20,721,763$45,480,720
85$64,726,089$27,659,675$21,361,758$49,356,755
86$71,272,260$28,959,109$22,021,486$53,598,881
87$78,484,379$30,320,454$22,701,555$58,243,259
88$86,430,319$31,746,689$23,402,590$63,329,686
89$95,184,871$33,240,937$24,125,237$68,901,968
90$104,830,455$34,806,470$24,870,160$75,008,324
91$115,457,896$36,446,721$25,638,044$81,701,834
92$127,167,280$38,165,289$26,429,597$89,040,932
93$140,068,900$39,965,946$27,245,547$97,089,953
94$154,284,299$41,852,648$28,086,643$105,919,726
95$169,947,411$43,829,542$28,953,660$115,608,238
96$187,205,834$45,900,977$29,847,394$126,241,360
97$206,222,215$48,071,510$30,768,668$137,913,648
98$227,175,791$50,345,924$31,718,328$150,729,226
99$250,264,077$52,729,230$32,697,247$164,802,755
100$275,704,733$55,226,682$33,706,325$180,260,511