Can I retire at age 69 with 13,400,000?

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 $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,051,699
2 years$547,802$537,599$527,712$518,125$508,826$491,908
3 years$361,573$351,327$341,464$331,968$322,820$306,346
4 years$268,478$258,263$248,499$239,164$230,238$214,335
5 years$212,635$202,481$192,845$183,701$175,023$159,737
6 years$175,418$165,341$155,848$146,907$138,490$123,838
7 years$148,845$138,853$129,510$120,780$112,629$98,617
8 years$128,925$119,023$109,835$101,320$93,437$80,061
9 years$113,439$103,631$94,601$86,302$78,687$65,941
10 years$101,058$91,345$82,475$74,393$67,046$54,919
11 years$90,935$81,319$72,610$64,744$57,661$46,142
12 years$82,505$72,988$64,439$56,789$49,968$39,041
13 years$75,377$65,960$57,572$50,137$43,573$33,223
14 years$69,273$59,956$51,729$44,506$38,196$28,406
15 years$63,987$54,771$46,704$39,691$33,631$24,383
16 years$59,367$50,251$42,344$35,539$29,723$20,998
17 years$55,295$46,279$38,532$31,932$26,354$18,134
18 years$51,679$42,764$35,174$28,777$23,433$15,697
19 years$48,447$39,633$32,200$26,002$20,887$13,615
20 years$45,542$36,829$29,552$23,550$18,656$11,829
21 years$42,918$34,305$27,182$21,373$16,695$10,293
22 years$40,535$32,022$25,053$19,433$14,965$8,968
23 years$38,362$29,950$23,132$17,698$13,433$7,822
24 years$36,374$28,061$21,393$16,142$12,074$6,828
25 years$34,547$26,334$19,814$14,742$10,865$5,966
26 years$32,864$24,750$18,376$13,479$9,787$5,217
27 years$31,308$23,292$17,064$12,338$8,824$4,564
28 years$29,866$21,948$15,863$11,304$7,962$3,996
29 years$28,525$20,706$14,762$10,366$7,189$3,499
30 years$27,277$19,554$13,750$9,513$6,496$3,066
31 years$26,111$18,485$12,819$8,737$5,873$2,687
32 years$25,020$17,491$11,960$8,030$5,312$2,356
33 years$23,997$16,564$11,168$7,384$4,808$2,066
34 years$23,037$15,699$10,434$6,794$4,353$1,813
35 years$22,134$14,890$9,755$6,254$3,943$1,590
36 years$21,282$14,133$9,126$5,760$3,572$1,396
37 years$20,479$13,423$8,542$5,307$3,238$1,225
38 years$19,720$12,757$7,999$4,892$2,935$1,075
39 years$19,001$12,130$7,494$4,510$2,662$944
40 years$18,320$11,541$7,024$4,160$2,414$829
41 years$17,674$10,986$6,586$3,838$2,190$728
42 years$17,060$10,463$6,178$3,542$1,987$639
43 years$16,477$9,969$5,798$3,270$1,804$561
44 years$15,921$9,502$5,442$3,019$1,637$493
45 years$15,392$9,061$5,110$2,788$1,486$433
46 years$14,887$8,644$4,799$2,576$1,350$381
47 years$14,405$8,249$4,509$2,380$1,225$334
48 years$13,945$7,875$4,237$2,199$1,113$294
49 years$13,504$7,520$3,983$2,032$1,011$258
50 years$13,083$7,184$3,744$1,878$918$227

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $13,400,000, adding $6,963 every year, while hoping to spend $41,717 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: 59/15/26 Blend
68$13,400,000$13,400,000$13,400,000$13,400,000
69$14,773,982$14,063,782$13,856,082$15,541,404
70$16,236,542$14,708,521$14,275,875$16,710,515
71$17,846,885$15,383,454$14,708,332$17,980,040
72$19,620,040$16,090,016$15,153,834$19,363,909
73$21,572,569$16,829,712$15,612,773$20,873,230
74$23,722,722$17,604,119$16,085,551$22,520,227
75$26,090,608$18,414,889$16,572,585$24,318,345
76$28,698,385$19,263,754$17,074,302$26,282,380
77$31,570,472$20,152,529$17,591,143$28,428,610
78$34,733,774$21,083,117$18,123,560$30,774,952
79$38,217,941$22,057,512$18,672,021$33,341,123
80$42,055,644$23,077,804$19,237,008$36,148,822
81$46,282,887$24,146,183$19,819,015$39,221,937
82$50,939,342$25,264,947$20,418,552$42,586,760
83$56,068,727$26,436,501$21,036,145$46,272,236
84$61,719,217$27,663,369$21,672,336$50,310,229
85$67,943,898$28,948,195$22,327,680$54,735,822
86$74,801,270$30,293,751$23,002,752$59,587,640
87$82,355,798$31,702,943$23,698,142$64,908,212
88$90,678,519$33,178,817$24,414,460$70,744,370
89$99,847,714$34,724,565$25,152,330$77,147,679
90$109,949,646$36,343,534$25,912,398$84,174,929
91$121,079,375$38,039,232$26,695,329$91,888,654
92$133,341,655$39,815,339$27,501,806$100,357,726
93$146,851,922$41,675,708$28,332,534$109,657,996
94$161,737,382$43,624,382$29,188,239$119,873,003
95$178,138,216$45,665,597$30,069,666$131,094,755
96$196,208,899$47,803,797$30,977,584$143,424,595
97$216,119,660$50,043,636$31,912,787$156,974,150
98$238,058,089$52,389,998$32,876,089$171,866,372
99$262,230,905$54,847,999$33,868,329$188,236,700
100$288,865,912$57,423,005$34,890,372$206,234,321