Can I retire at age 69 with 17,100,000?

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,357,832
2 years$699,060$686,041$673,423$661,189$649,323$643,522
3 years$461,411$448,335$435,749$423,630$411,957$406,281
4 years$342,609$329,574$317,114$305,202$293,811$288,304
5 years$271,347$258,390$246,093$234,424$223,351$218,028
6 years$223,855$210,995$198,880$187,471$176,730$171,598
7 years$189,945$177,193$165,270$154,130$143,729$138,791
8 years$164,524$151,887$140,162$129,296$119,237$114,494
9 years$144,762$132,245$120,722$110,132$100,415$95,865
10 years$128,962$116,568$105,248$94,934$85,558$81,200
11 years$116,044$103,773$92,659$82,621$73,583$69,414
12 years$105,286$93,141$82,232$72,470$63,765$59,782
13 years$96,190$84,173$73,469$63,980$55,605$51,803
14 years$88,400$76,511$66,012$56,794$48,743$45,118
15 years$81,655$69,894$59,600$50,651$42,917$39,466
16 years$75,759$64,126$54,036$45,352$37,930$34,647
17 years$70,563$59,058$49,171$40,749$33,631$30,513
18 years$65,948$54,572$44,887$36,723$29,904$26,943
19 years$61,824$50,577$41,092$33,182$26,654$23,847
20 years$58,117$46,998$37,712$30,053$23,808$21,149
21 years$54,768$43,777$34,688$27,275$21,305$18,790
22 years$51,727$40,864$31,970$24,799$19,097$16,719
23 years$48,955$38,220$29,519$22,585$17,143$14,897
24 years$46,417$35,809$27,300$20,599$15,408$13,289
25 years$44,086$33,605$25,285$18,812$13,865$11,868
26 years$41,938$31,584$23,451$17,201$12,489$10,608
27 years$39,953$29,724$21,776$15,744$11,260$9,490
28 years$38,112$28,009$20,244$14,425$10,160$8,496
29 years$36,402$26,423$18,838$13,228$9,174$7,611
30 years$34,808$24,954$17,547$12,140$8,290$6,823
31 years$33,320$23,589$16,359$11,150$7,495$6,119
32 years$31,928$22,320$15,263$10,247$6,779$5,490
33 years$30,624$21,138$14,251$9,423$6,135$4,928
34 years$29,398$20,034$13,315$8,670$5,555$4,425
35 years$28,245$19,002$12,449$7,981$5,031$3,975
36 years$27,159$18,035$11,646$7,350$4,559$3,572
37 years$26,133$17,130$10,900$6,772$4,132$3,210
38 years$25,164$16,279$10,208$6,242$3,746$2,886
39 years$24,247$15,480$9,563$5,756$3,397$2,595
40 years$23,378$14,728$8,964$5,309$3,081$2,334
41 years$22,554$14,020$8,405$4,898$2,795$2,099
42 years$21,771$13,352$7,884$4,520$2,536$1,889
43 years$21,026$12,722$7,398$4,173$2,302$1,699
44 years$20,317$12,126$6,945$3,853$2,089$1,529
45 years$19,642$11,564$6,521$3,558$1,897$1,376
46 years$18,998$11,031$6,125$3,287$1,722$1,239
47 years$18,383$10,527$5,754$3,037$1,564$1,115
48 years$17,795$10,049$5,407$2,806$1,420$1,004
49 years$17,233$9,597$5,082$2,593$1,290$904
50 years$16,696$9,167$4,778$2,397$1,172$814

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $17,100,000, adding $6,663 every year, while hoping to spend $39,959 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: 66/27/7 Blend
68$17,100,000$17,100,000$17,100,000$17,100,000
69$18,851,073$17,944,773$17,679,723$20,071,730
70$20,731,366$18,781,551$18,229,478$21,720,172
71$22,802,110$19,657,991$18,796,310$23,515,618
72$25,082,689$20,575,996$19,380,749$25,476,731
73$27,594,461$21,537,558$19,983,343$27,619,649
74$30,360,965$22,544,767$20,604,653$29,962,125
75$33,408,135$23,599,813$21,245,261$32,523,684
76$36,764,554$24,704,992$21,905,766$35,325,808
77$40,461,713$25,862,712$22,586,784$38,392,129
78$44,534,319$27,075,496$23,288,953$41,748,650
79$49,020,615$28,345,990$24,012,928$45,423,983
80$53,962,742$29,676,968$24,759,385$49,449,613
81$59,407,140$31,071,338$25,529,023$53,860,190
82$65,404,982$32,532,148$26,322,559$58,693,851
83$72,012,662$34,062,594$27,140,736$63,992,569
84$79,292,320$35,666,028$27,984,318$69,802,546
85$87,312,437$37,345,963$28,854,092$76,174,640
86$96,148,472$39,106,082$29,750,871$83,164,838
87$105,883,584$40,950,248$30,675,493$90,834,776
88$116,609,407$42,882,508$31,628,820$99,252,313
89$128,426,924$44,907,109$32,611,743$108,492,161
90$141,447,414$47,028,500$33,625,180$118,636,583
91$155,793,504$49,251,350$34,670,077$129,776,158
92$171,600,326$51,580,551$35,747,409$142,010,627
93$189,016,794$54,021,233$36,858,182$155,449,826
94$208,207,008$56,578,775$38,003,432$170,214,705
95$229,351,806$59,258,817$39,184,230$186,438,466
96$252,650,464$62,067,274$40,401,676$204,267,803
97$278,322,587$65,010,345$41,656,907$223,864,275
98$306,610,171$68,094,533$42,951,094$245,405,820
99$337,779,898$71,326,654$44,285,445$269,088,418
100$372,125,645$74,713,858$45,661,205$295,127,926