Can I retire at age 69 with 18,000,000?

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 $18,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,384,969
2 years$735,853$722,148$708,867$695,989$683,498$633,273
3 years$485,696$471,932$458,684$445,927$433,639$385,145
4 years$360,642$346,920$333,804$321,265$309,275$262,882
5 years$285,629$271,990$259,046$246,762$235,106$190,935
6 years$235,636$222,100$209,347$197,338$186,031$144,117
7 years$199,942$186,519$173,969$162,242$151,293$111,627
8 years$173,183$159,881$147,539$136,101$125,512$88,062
9 years$152,381$139,205$127,076$115,928$105,700$70,417
10 years$135,750$122,703$110,787$99,931$90,061$56,886
11 years$122,151$109,235$97,535$86,970$77,456$46,322
12 years$110,827$98,044$86,560$76,284$67,122$37,955
13 years$101,253$88,603$77,336$67,348$58,531$31,254
14 years$93,053$80,537$69,487$59,784$51,308$25,839
15 years$85,953$73,572$62,737$53,317$45,176$21,431
16 years$79,747$67,501$56,880$47,739$39,926$17,823
17 years$74,276$62,166$51,759$42,893$35,402$14,854
18 years$69,419$57,444$47,249$38,655$31,477$12,402
19 years$65,078$53,239$43,254$34,929$28,057$10,370
20 years$61,176$49,472$39,697$31,634$25,061$8,681
21 years$57,651$46,081$36,513$28,710$22,426$7,275
22 years$54,450$43,015$33,653$26,104$20,102$6,102
23 years$51,531$40,231$31,072$23,774$18,045$5,122
24 years$48,860$37,694$28,737$21,683$16,219$4,301
25 years$46,407$35,374$26,616$19,802$14,595$3,614
26 years$44,146$33,246$24,685$18,106$13,146$3,038
27 years$42,055$31,288$22,922$16,573$11,853$2,555
28 years$40,118$29,483$21,309$15,184$10,695$2,149
29 years$38,318$27,814$19,830$13,924$9,657$1,808
30 years$36,640$26,267$18,471$12,779$8,726$1,522
31 years$35,074$24,831$17,220$11,737$7,889$1,281
32 years$33,609$23,495$16,066$10,786$7,136$1,078
33 years$32,235$22,250$15,001$9,919$6,458$908
34 years$30,945$21,088$14,016$9,126$5,847$764
35 years$29,732$20,002$13,104$8,401$5,296$644
36 years$28,588$18,985$12,259$7,737$4,798$542
37 years$27,509$18,031$11,474$7,129$4,349$456
38 years$26,489$17,136$10,745$6,571$3,943$384
39 years$25,524$16,295$10,067$6,059$3,575$324
40 years$24,609$15,503$9,436$5,588$3,243$273
41 years$23,741$14,757$8,848$5,156$2,942$230
42 years$22,917$14,054$8,299$4,758$2,670$193
43 years$22,133$13,391$7,788$4,392$2,423$163
44 years$21,387$12,764$7,310$4,056$2,199$137
45 years$20,676$12,172$6,864$3,745$1,997$116
46 years$19,997$11,612$6,447$3,460$1,813$97
47 years$19,350$11,081$6,057$3,196$1,646$82
48 years$18,732$10,578$5,692$2,954$1,495$69
49 years$18,140$10,102$5,350$2,730$1,358$58
50 years$17,574$9,650$5,030$2,523$1,233$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $18,000,000, adding $5,356 every year, while hoping to spend $24,705 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: 47/40/13 Blend
68$18,000,000$18,000,000$18,000,000$18,000,000
69$19,841,525$18,887,525$18,608,525$20,701,676
70$21,839,074$19,786,727$19,205,624$22,196,102
71$24,039,546$20,729,163$19,821,899$23,814,120
72$26,463,612$21,716,924$20,457,964$25,569,625
73$29,134,051$22,752,204$21,114,457$27,475,422
74$32,075,966$23,837,305$21,792,034$29,545,567
75$35,317,020$24,974,638$22,491,372$31,795,490
76$38,887,694$26,166,733$23,213,171$34,242,135
77$42,821,579$27,416,243$23,958,153$36,904,110
78$47,155,692$28,725,951$24,727,063$39,801,855
79$51,930,823$30,098,773$25,520,670$42,957,824
80$57,191,924$31,537,769$26,339,768$46,396,689
81$62,988,527$33,046,147$27,185,177$50,145,563
82$69,375,219$34,627,270$28,057,743$54,234,243
83$76,412,152$36,284,668$28,958,339$58,695,482
84$84,165,613$38,022,038$29,887,865$63,565,286
85$92,708,650$39,843,262$30,847,252$68,883,242
86$102,121,757$41,752,407$31,837,460$74,692,879
87$112,493,641$43,753,740$32,859,480$81,042,063
88$123,922,055$45,851,735$33,914,335$87,983,440
89$136,514,720$48,051,085$35,003,080$95,574,915
90$150,390,344$50,356,711$36,126,806$103,880,182
91$165,679,742$52,773,773$37,286,637$112,969,312
92$182,527,070$55,307,683$38,483,734$122,919,396
93$201,091,188$57,964,116$39,719,296$133,815,256
94$221,547,156$60,749,025$40,994,559$145,750,227
95$244,087,890$63,668,651$42,310,801$158,827,019
96$268,925,981$66,729,541$43,669,339$173,158,665
97$296,295,703$69,938,560$45,071,533$188,869,568
98$326,455,223$73,302,908$46,518,788$206,096,654
99$359,689,041$76,830,135$48,012,553$224,990,639
100$396,310,673$80,528,162$49,554,323$245,717,430