Can I retire at age 69 with 12,900,000?

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,015,389
2 years$527,361$517,540$508,021$498,792$489,840$476,485
3 years$348,082$338,218$328,723$319,581$310,775$297,754
4 years$258,460$248,626$239,226$230,240$221,647$209,061
5 years$204,701$194,926$185,649$176,846$168,493$156,379
6 years$168,873$159,172$150,032$141,425$133,322$121,695
7 years$143,292$133,672$124,678$116,274$108,427$97,290
8 years$124,114$114,582$105,736$97,539$89,951$79,303
9 years$109,207$99,764$91,071$83,082$75,751$65,588
10 years$97,287$87,937$79,398$71,617$64,544$54,858
11 years$87,542$78,285$69,900$62,328$55,510$46,293
12 years$79,426$70,265$62,035$54,670$48,104$39,345
13 years$72,564$63,499$55,424$48,266$41,947$33,635
14 years$66,688$57,718$49,799$42,845$36,771$28,893
15 years$61,600$52,727$44,962$38,210$32,376$24,920
16 years$57,152$48,376$40,764$34,213$28,614$21,565
17 years$53,231$44,552$37,094$30,740$25,371$18,716
18 years$49,750$41,168$33,862$27,703$22,559$16,283
19 years$46,639$38,154$30,999$25,032$20,107$14,196
20 years$43,843$35,455$28,449$22,671$17,960$12,398
21 years$41,316$33,025$26,168$20,576$16,072$10,845
22 years$39,022$30,828$24,118$18,708$14,407$9,499
23 years$36,931$28,832$22,268$17,038$12,932$8,330
24 years$35,017$27,014$20,595$15,539$11,624$7,312
25 years$33,258$25,351$19,075$14,192$10,460$6,424
26 years$31,638$23,826$17,691$12,976$9,422$5,649
27 years$30,140$22,423$16,427$11,877$8,494$4,970
28 years$28,751$21,129$15,271$10,882$7,665$4,375
29 years$27,461$19,933$14,211$9,979$6,921$3,854
30 years$26,259$18,825$13,237$9,158$6,254$3,396
31 years$25,136$17,796$12,341$8,411$5,654$2,994
32 years$24,086$16,838$11,514$7,730$5,114$2,640
33 years$23,102$15,946$10,751$7,108$4,628$2,329
34 years$22,178$15,113$10,045$6,540$4,190$2,055
35 years$21,308$14,335$9,391$6,021$3,795$1,814
36 years$20,488$13,606$8,785$5,545$3,439$1,601
37 years$19,715$12,922$8,223$5,109$3,117$1,414
38 years$18,984$12,281$7,700$4,709$2,826$1,248
39 years$18,292$11,678$7,214$4,342$2,562$1,103
40 years$17,636$11,111$6,762$4,005$2,324$974
41 years$17,014$10,576$6,341$3,695$2,109$860
42 years$16,424$10,072$5,948$3,410$1,913$760
43 years$15,862$9,597$5,581$3,148$1,736$672
44 years$15,327$9,148$5,239$2,907$1,576$594
45 years$14,817$8,723$4,919$2,684$1,431$525
46 years$14,332$8,322$4,620$2,479$1,299$464
47 years$13,868$7,941$4,341$2,291$1,180$410
48 years$13,424$7,581$4,079$2,117$1,071$362
49 years$13,001$7,240$3,834$1,956$973$320
50 years$12,595$6,916$3,605$1,808$884$283

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $12,900,000, adding $5,801 every year, while hoping to spend $35,093 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: 59/31/10 Blend
68$12,900,000$12,900,000$12,900,000$12,900,000
69$14,221,784$13,538,084$13,338,134$15,027,194
70$15,635,067$14,164,111$13,747,623$16,195,391
71$17,191,329$14,819,638$14,169,653$17,464,122
72$18,905,116$15,506,072$14,604,608$18,846,662
73$20,792,459$16,224,890$15,052,883$20,353,954
74$22,871,019$16,977,639$15,514,884$21,998,029
75$25,160,261$17,765,942$15,991,031$23,792,111
76$27,681,633$18,591,497$16,481,755$25,750,743
77$30,458,767$19,456,089$16,987,502$27,889,917
78$33,517,708$20,361,584$17,508,730$30,227,221
79$36,887,153$21,309,941$18,045,912$32,782,000
80$40,598,728$22,303,212$18,599,534$35,575,532
81$44,687,278$23,343,550$19,170,099$38,631,228
82$49,191,207$24,433,210$19,758,124$41,974,841
83$54,152,829$25,574,557$20,364,140$45,634,710
84$59,618,778$26,770,070$20,988,698$49,642,015
85$65,640,437$28,022,347$21,632,364$54,031,071
86$72,274,432$29,334,113$22,295,719$58,839,641
87$79,583,163$30,708,223$22,979,364$64,109,285
88$87,635,392$32,147,673$23,683,919$69,885,751
89$96,506,893$33,655,599$24,410,021$76,219,390
90$106,281,167$35,235,294$25,158,328$83,165,633
91$117,050,229$36,890,207$25,929,515$90,785,497
92$128,915,480$38,623,955$26,724,282$99,146,160
93$141,988,660$40,440,329$27,543,346$108,321,581
94$156,392,903$42,343,306$28,387,448$118,393,188
95$172,263,904$44,337,052$29,257,352$129,450,641
96$189,751,193$46,425,939$30,153,844$141,592,664
97$209,019,551$48,614,546$31,077,734$154,927,970
98$230,250,564$50,907,677$32,029,857$169,576,269
99$253,644,337$53,310,370$33,011,073$185,669,394
100$279,421,385$55,827,903$34,022,269$203,352,526