Can I retire at age 69 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,333,529
2 years$703,148$690,053$677,361$665,056$653,120$615,097
3 years$464,109$450,957$438,298$426,108$414,366$377,533
4 years$344,613$331,501$318,968$306,987$295,529$260,169
5 years$272,934$259,901$247,533$235,795$224,657$190,866
6 years$225,164$212,229$200,043$188,567$177,763$145,574
7 years$191,055$178,229$166,237$155,032$144,569$113,982
8 years$165,486$152,776$140,982$130,052$119,934$90,933
9 years$145,609$133,019$121,428$110,776$101,002$73,559
10 years$129,717$117,249$105,863$95,490$86,059$60,138
11 years$116,722$104,380$93,200$83,105$74,013$49,574
12 years$105,901$93,686$82,713$72,894$64,138$41,134
13 years$96,753$84,665$73,899$64,354$55,930$34,312
14 years$88,917$76,958$66,398$57,127$49,028$28,743
15 years$82,133$70,302$59,949$50,947$43,168$24,163
16 years$76,202$64,501$54,352$45,617$38,152$20,372
17 years$70,975$59,403$49,458$40,987$33,828$17,216
18 years$66,334$54,891$45,149$36,937$30,078$14,579
19 years$62,186$50,873$41,332$33,376$26,810$12,366
20 years$58,457$47,273$37,932$30,229$23,947$10,504
21 years$55,088$44,033$34,890$27,434$21,430$8,933
22 years$52,030$41,103$32,157$24,944$19,209$7,604
23 years$49,241$38,443$29,691$22,717$17,243$6,479
24 years$46,689$36,019$27,459$20,719$15,498$5,524
25 years$44,344$33,802$25,433$18,922$13,946$4,713
26 years$42,184$31,768$23,588$17,301$12,562$4,023
27 years$40,186$29,898$21,903$15,836$11,326$3,435
28 years$38,335$28,172$20,362$14,509$10,219$2,935
29 years$36,615$26,577$18,949$13,305$9,228$2,508
30 years$35,012$25,100$17,650$12,211$8,338$2,144
31 years$33,515$23,727$16,454$11,215$7,538$1,833
32 years$32,115$22,451$15,352$10,307$6,819$1,567
33 years$30,803$21,261$14,334$9,478$6,171$1,341
34 years$29,570$20,151$13,393$8,721$5,587$1,147
35 years$28,410$19,113$12,522$8,028$5,061$981
36 years$27,318$18,141$11,714$7,393$4,585$839
37 years$26,286$17,230$10,964$6,812$4,156$718
38 years$25,312$16,374$10,267$6,279$3,768$615
39 years$24,389$15,570$9,619$5,789$3,417$526
40 years$23,515$14,814$9,016$5,340$3,099$450
41 years$22,686$14,102$8,454$4,927$2,811$385
42 years$21,898$13,430$7,930$4,547$2,551$330
43 years$21,149$12,796$7,442$4,197$2,315$282
44 years$20,436$12,197$6,985$3,875$2,102$242
45 years$19,757$11,631$6,559$3,579$1,908$207
46 years$19,109$11,096$6,160$3,306$1,732$177
47 years$18,490$10,589$5,788$3,054$1,573$152
48 years$17,899$10,108$5,439$2,822$1,428$130
49 years$17,334$9,653$5,112$2,608$1,297$111
50 years$16,793$9,221$4,806$2,411$1,178$95

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $17,200,000, adding $4,448 every year, while hoping to spend $35,248 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: 74/10/16 Blend
68$17,200,000$17,200,000$17,200,000$17,200,000
69$18,958,988$18,047,388$17,780,788$20,293,684
70$20,855,301$18,894,207$18,338,941$22,024,826
71$22,943,857$19,781,338$18,914,610$23,916,356
72$25,244,227$20,710,720$19,508,346$25,988,038
73$27,777,978$21,684,384$20,120,715$28,257,768
74$30,568,874$22,704,462$20,752,302$30,745,245
75$33,643,105$23,773,186$21,403,710$33,472,159
76$37,029,528$24,892,899$22,075,560$36,462,392
77$40,759,943$26,066,054$22,768,495$39,742,241
78$44,869,392$27,295,226$23,483,175$43,340,660
79$49,396,491$28,583,113$24,220,282$47,289,536
80$54,383,793$29,932,545$24,980,521$51,623,983
81$59,878,188$31,346,488$25,764,617$56,382,671
82$65,931,350$32,828,053$26,573,318$61,608,189
83$72,600,221$34,380,500$27,407,398$67,347,442
84$79,947,548$36,007,250$28,267,650$73,652,090
85$88,042,479$37,711,886$29,154,898$80,579,032
86$96,961,212$39,498,168$30,069,987$88,190,942
87$106,787,715$41,370,038$31,013,791$96,556,851
88$117,614,520$43,331,628$31,987,211$105,752,802
89$129,543,595$45,387,272$32,991,176$115,862,553
90$142,687,305$47,541,512$34,026,644$126,978,374
91$157,169,478$49,799,113$35,094,604$139,201,904
92$173,126,566$52,165,071$36,196,075$152,645,113
93$190,708,940$54,644,623$37,332,107$167,431,347
94$210,082,305$57,243,263$38,503,786$183,696,491
95$231,429,266$59,966,749$39,712,229$201,590,246
96$254,951,053$62,821,121$40,958,590$221,277,535
97$280,869,415$65,812,712$42,244,058$242,940,051
98$309,428,722$68,948,160$43,569,860$266,777,971
99$340,898,262$72,234,431$44,937,261$293,011,836
100$375,574,791$75,678,825$46,347,566$321,884,626