Can I retire at age 69 with 17,900,000?

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,396,839
2 years$731,765$718,137$704,928$692,122$679,701$649,089
3 years$482,997$469,310$456,135$443,449$431,230$401,494
4 years$358,638$344,993$331,950$319,480$307,557$278,926
5 years$284,042$270,478$257,607$245,392$233,800$206,354
6 years$234,327$220,866$208,184$196,242$184,998$158,767
7 years$198,831$185,483$173,002$161,341$150,453$125,442
8 years$172,221$158,993$146,720$135,345$124,815$101,016
9 years$151,535$138,432$126,370$115,284$105,112$82,508
10 years$134,996$122,021$110,172$99,376$89,561$68,128
11 years$121,473$108,628$96,994$86,487$77,025$56,737
12 years$110,211$97,499$86,079$75,860$66,749$47,573
13 years$100,690$88,110$76,906$66,973$58,206$40,111
14 years$92,536$80,090$69,101$59,452$51,023$33,971
15 years$85,476$73,164$62,388$53,020$44,925$28,879
16 years$79,304$67,126$56,564$47,474$39,705$24,627
17 years$73,864$61,821$51,471$42,655$35,205$21,055
18 years$69,033$57,125$46,987$38,441$31,303$18,041
19 years$64,717$52,943$43,014$34,734$27,901$15,487
20 years$60,836$49,197$39,476$31,459$24,921$13,315
21 years$57,330$45,825$36,310$28,551$22,302$11,464
22 years$54,147$42,776$33,466$25,959$19,990$9,881
23 years$51,245$40,008$30,900$23,642$17,945$8,525
24 years$48,589$37,485$28,577$21,562$16,129$7,361
25 years$46,149$35,177$26,468$19,692$14,514$6,361
26 years$43,900$33,061$24,548$18,005$13,073$5,500
27 years$41,822$31,114$22,795$16,481$11,787$4,758
28 years$39,895$29,319$21,191$15,100$10,635$4,118
29 years$38,105$27,659$19,720$13,847$9,603$3,565
30 years$36,437$26,121$18,368$12,708$8,677$3,088
31 years$34,879$24,693$17,124$11,671$7,845$2,675
32 years$33,422$23,365$15,977$10,726$7,096$2,319
33 years$32,056$22,127$14,918$9,864$6,422$2,010
34 years$30,773$20,971$13,938$9,075$5,815$1,742
35 years$29,567$19,891$13,031$8,354$5,267$1,511
36 years$28,429$18,879$12,191$7,694$4,772$1,310
37 years$27,356$17,931$11,410$7,089$4,325$1,136
38 years$26,342$17,041$10,685$6,534$3,921$986
39 years$25,382$16,204$10,011$6,025$3,556$855
40 years$24,472$15,417$9,383$5,557$3,225$742
41 years$23,609$14,675$8,798$5,127$2,926$644
42 years$22,789$13,976$8,253$4,732$2,655$559
43 years$22,010$13,317$7,745$4,368$2,409$485
44 years$21,268$12,694$7,270$4,033$2,187$421
45 years$20,561$12,104$6,826$3,725$1,985$365
46 years$19,886$11,547$6,411$3,441$1,803$317
47 years$19,243$11,020$6,023$3,179$1,637$275
48 years$18,628$10,520$5,660$2,937$1,487$239
49 years$18,039$10,046$5,320$2,714$1,350$207
50 years$17,477$9,596$5,002$2,509$1,226$180

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $17,900,000, adding $6,330 every year, while hoping to spend $56,154 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: 31/50/19 Blend
68$17,900,000$17,900,000$17,900,000$17,900,000
69$19,732,329$18,783,629$18,506,179$20,226,530
70$21,685,280$19,644,280$19,066,389$21,459,255
71$23,835,549$20,545,220$19,643,484$22,779,812
72$26,203,204$21,488,365$20,237,969$24,200,187
73$28,810,357$22,475,722$20,850,368$25,729,090
74$31,681,375$23,509,393$21,481,217$27,376,054
75$34,843,106$24,591,584$22,131,068$29,151,514
76$38,325,135$25,724,604$22,800,492$31,066,903
77$42,160,065$26,910,876$23,490,074$33,134,743
78$46,383,819$28,152,936$24,200,419$35,368,755
79$51,035,984$29,453,446$24,932,148$37,783,982
80$56,160,182$30,815,192$25,685,903$40,396,913
81$61,804,481$32,241,097$26,462,341$43,225,631
82$68,021,852$33,734,225$27,262,144$46,289,974
83$74,870,664$35,297,785$28,086,009$49,611,701
84$82,415,239$36,935,143$28,934,657$53,214,693
85$90,726,454$38,649,826$29,808,829$57,125,161
86$99,882,417$40,445,532$30,709,289$61,371,874
87$109,969,197$42,326,136$31,636,823$65,986,425
88$121,081,639$44,295,701$32,592,241$71,003,505
89$133,324,261$46,358,486$33,576,376$76,461,215
90$146,812,239$48,518,954$34,590,088$82,401,413
91$161,672,490$50,781,786$35,634,259$88,870,085
92$178,044,877$53,151,887$36,709,800$95,917,762
93$196,083,525$55,634,399$37,817,648$103,599,977
94$215,958,273$58,234,714$38,958,768$111,977,770
95$237,856,284$60,958,482$40,134,154$121,118,237
96$261,983,806$63,811,628$41,344,828$131,095,145
97$288,568,119$66,800,363$42,591,845$141,989,604
98$317,859,684$69,931,198$43,876,289$153,890,803
99$350,134,504$73,210,959$45,199,277$166,896,830
100$385,696,729$76,646,802$46,561,959$181,115,569