Can I retire at age 69 with 13,200,000?

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 $13,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,022,582
2 years$539,626$529,576$519,835$510,392$501,232$471,236
3 years$356,177$346,083$336,368$327,013$318,002$288,955
4 years$264,470$254,408$244,790$235,594$226,802$198,926
5 years$209,461$199,459$189,967$180,959$172,411$145,783
6 years$172,800$162,873$153,521$144,714$136,423$111,067
7 years$146,624$136,781$127,577$118,978$110,948$86,865
8 years$127,001$117,246$108,195$99,807$92,042$69,218
9 years$111,746$102,084$93,189$85,014$77,513$55,926
10 years$99,550$89,982$81,244$73,283$66,045$45,665
11 years$89,578$80,106$71,526$63,778$56,801$37,595
12 years$81,273$71,899$63,477$55,942$49,222$31,154
13 years$74,252$64,975$56,713$49,388$42,923$25,951
14 years$68,239$59,061$50,957$43,841$37,626$21,710
15 years$63,032$53,953$46,007$39,099$33,129$18,225
16 years$58,481$49,501$41,712$35,009$29,279$15,343
17 years$54,469$45,589$37,956$31,455$25,961$12,947
18 years$50,907$42,126$34,649$28,347$23,083$10,948
19 years$47,724$39,042$31,720$25,614$20,575$9,272
20 years$44,863$36,280$29,111$23,199$18,378$7,864
21 years$42,277$33,793$26,776$21,054$16,446$6,677
22 years$39,930$31,544$24,679$19,143$14,742$5,676
23 years$37,790$29,503$22,786$17,434$13,233$4,828
24 years$35,831$27,642$21,073$15,901$11,894$4,110
25 years$34,032$25,941$19,518$14,522$10,703$3,501
26 years$32,373$24,380$18,102$13,278$9,641$2,983
27 years$30,841$22,945$16,809$12,153$8,692$2,544
28 years$29,420$21,621$15,627$11,135$7,843$2,169
29 years$28,100$20,397$14,542$10,211$7,082$1,851
30 years$26,869$19,262$13,545$9,371$6,399$1,579
31 years$25,721$18,209$12,628$8,607$5,785$1,348
32 years$24,647$17,230$11,782$7,910$5,233$1,151
33 years$23,639$16,317$11,001$7,274$4,736$983
34 years$22,693$15,465$10,279$6,693$4,288$839
35 years$21,803$14,668$9,610$6,161$3,884$717
36 years$20,965$13,922$8,990$5,674$3,519$612
37 years$20,173$13,223$8,414$5,228$3,189$523
38 years$19,425$12,566$7,880$4,819$2,891$447
39 years$18,717$11,949$7,382$4,443$2,622$382
40 years$18,046$11,369$6,919$4,098$2,378$326
41 years$17,410$10,822$6,488$3,781$2,158$279
42 years$16,806$10,307$6,086$3,489$1,958$238
43 years$16,231$9,820$5,711$3,221$1,777$204
44 years$15,683$9,361$5,361$2,974$1,613$174
45 years$15,162$8,926$5,034$2,747$1,464$149
46 years$14,665$8,515$4,728$2,537$1,329$127
47 years$14,190$8,126$4,442$2,344$1,207$109
48 years$13,737$7,757$4,174$2,166$1,096$93
49 years$13,303$7,408$3,923$2,002$996$79
50 years$12,888$7,076$3,688$1,850$904$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $13,200,000, adding $2,307 every year, while hoping to spend $34,768 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: 67/11/22 Blend
68$13,200,000$13,200,000$13,200,000$13,200,000
69$14,548,780$13,849,180$13,644,580$15,442,178
70$15,995,762$14,490,797$14,064,680$16,683,291
71$17,589,172$15,162,687$14,497,689$18,035,846
72$19,343,907$15,866,299$14,944,001$19,514,202
73$21,276,386$16,603,148$15,404,025$21,130,750
74$23,404,698$17,374,823$15,878,181$22,899,124
75$25,748,780$18,182,991$16,366,902$24,834,335
76$28,330,596$19,029,399$16,870,635$26,952,905
77$31,174,355$19,915,877$17,389,839$29,273,021
78$34,306,729$20,844,345$17,924,988$31,814,708
79$37,757,111$21,816,814$18,476,571$34,600,012
80$41,557,892$22,835,394$19,045,092$37,653,204
81$45,744,764$23,902,295$19,631,070$41,001,011
82$50,357,058$25,019,836$20,235,039$44,672,863
83$55,438,115$26,190,445$20,857,550$48,701,164
84$61,035,696$27,416,670$21,499,171$53,121,603
85$67,202,432$28,701,181$22,160,487$57,973,480
86$73,996,319$30,046,778$22,842,103$63,300,076
87$81,481,268$31,456,395$23,544,638$69,149,060
88$89,727,708$32,933,109$24,268,734$75,572,932
89$98,813,248$34,480,145$25,015,051$82,629,518
90$108,823,413$36,100,886$25,784,268$90,382,508
91$119,852,448$37,798,876$26,577,088$98,902,056
92$132,004,210$39,577,833$27,394,232$108,265,436
93$145,393,145$41,441,653$28,236,445$118,557,770
94$160,145,375$43,394,422$29,104,495$129,872,823
95$176,399,878$45,440,424$29,999,171$142,313,882
96$194,309,811$47,584,150$30,921,288$155,994,733
97$214,043,947$49,830,308$31,871,686$171,040,723
98$235,788,272$52,183,836$32,851,231$187,589,940
99$259,747,742$54,649,911$33,860,813$205,794,509
100$286,148,213$57,233,958$34,901,352$225,822,026