Can I retire at age 69 with 19,400,000?

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 $19,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,520,104
2 years$793,086$778,316$764,001$750,121$736,659$709,666
3 years$523,472$508,638$494,359$480,610$467,367$441,100
4 years$388,691$373,903$359,767$346,252$333,330$307,993
5 years$307,844$293,144$279,194$265,955$253,392$229,057
6 years$253,964$239,374$225,630$212,686$200,500$177,195
7 years$215,493$201,026$187,500$174,861$163,061$140,791
8 years$186,653$172,317$159,015$146,687$135,274$114,036
9 years$164,233$150,033$136,959$124,945$113,921$93,701
10 years$146,308$132,246$119,404$107,703$97,066$77,848
11 years$131,652$117,731$105,121$93,734$83,480$65,242
12 years$119,447$105,669$93,293$82,218$72,342$55,061
13 years$109,128$95,494$83,351$72,586$63,084$46,732
14 years$100,290$86,801$74,891$64,434$55,299$39,848
15 years$92,638$79,295$67,617$57,463$48,689$34,111
16 years$85,949$72,751$61,304$51,452$43,032$29,293
17 years$80,053$67,001$55,784$46,229$38,155$25,225
18 years$74,818$61,912$50,924$41,662$33,926$21,772
19 years$70,140$57,380$46,619$37,645$30,239$18,829
20 years$65,934$53,320$42,784$34,095$27,010$16,311
21 years$62,135$49,665$39,353$30,943$24,171$14,150
22 years$58,685$46,361$36,270$28,135$21,666$12,290
23 years$55,539$43,360$33,489$25,623$19,448$10,686
24 years$52,661$40,626$30,972$23,369$17,481$9,300
25 years$50,016$38,125$28,686$21,342$15,730$8,100
26 years$47,579$35,832$26,605$19,514$14,169$7,060
27 years$45,326$33,722$24,705$17,862$12,774$6,157
28 years$43,238$31,776$22,966$16,365$11,527$5,373
29 years$41,298$29,977$21,372$15,007$10,408$4,690
30 years$39,490$28,310$19,907$13,773$9,404$4,096
31 years$37,802$26,762$18,559$12,649$8,503$3,578
32 years$36,223$25,323$17,316$11,625$7,691$3,127
33 years$34,743$23,981$16,168$10,690$6,961$2,733
34 years$33,352$22,728$15,106$9,836$6,302$2,389
35 years$32,044$21,558$14,123$9,055$5,708$2,089
36 years$30,812$20,461$13,212$8,339$5,172$1,827
37 years$29,648$19,434$12,366$7,683$4,687$1,599
38 years$28,549$18,469$11,581$7,082$4,249$1,398
39 years$27,509$17,562$10,850$6,530$3,854$1,224
40 years$26,523$16,709$10,169$6,023$3,495$1,071
41 years$25,587$15,905$9,536$5,557$3,171$937
42 years$24,699$15,148$8,945$5,128$2,877$820
43 years$23,854$14,433$8,393$4,734$2,611$718
44 years$23,050$13,757$7,879$4,371$2,370$628
45 years$22,284$13,119$7,398$4,037$2,152$550
46 years$21,553$12,515$6,948$3,729$1,954$481
47 years$20,855$11,943$6,528$3,445$1,774$421
48 years$20,189$11,401$6,134$3,183$1,611$369
49 years$19,551$10,887$5,766$2,942$1,463$323
50 years$18,941$10,400$5,421$2,719$1,329$283

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $19,400,000, adding $2,881 every year, while hoping to spend $35,865 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: 45/30/25 Blend
68$19,400,000$19,400,000$19,400,000$19,400,000
69$21,381,772$20,353,572$20,052,872$22,189,445
70$23,524,552$21,312,737$20,686,483$23,720,446
71$25,884,695$22,317,699$21,340,118$25,376,068
72$28,484,331$23,370,664$22,014,410$27,170,902
73$31,347,852$24,473,945$22,710,012$29,117,939
74$34,502,133$25,629,968$23,427,597$31,231,444
75$37,976,789$26,841,276$24,167,860$33,527,084
76$41,804,457$28,110,534$24,931,519$36,022,067
77$46,021,099$29,440,537$25,719,312$38,735,298
78$50,666,345$30,834,217$26,532,003$41,687,548
79$55,783,866$32,294,647$27,370,378$44,901,646
80$61,421,784$33,825,049$28,235,250$48,402,678
81$67,633,132$35,428,802$29,127,456$52,218,223
82$74,476,345$37,109,448$30,047,860$56,378,598
83$82,015,823$38,870,701$30,997,354$60,917,137
84$90,322,528$40,716,457$31,976,857$65,870,494
85$99,474,662$42,650,799$32,987,317$71,278,981
86$109,558,399$44,678,010$34,029,714$77,186,931
87$120,668,703$46,802,580$35,105,057$83,643,110
88$132,910,222$49,029,217$36,214,387$90,701,166
89$146,398,275$51,362,859$37,358,779$98,420,115
90$161,259,942$53,808,682$38,539,342$106,864,894
91$177,635,264$56,372,115$39,757,218$116,106,952
92$195,678,563$59,058,851$41,013,587$126,224,913
93$215,559,901$61,874,860$42,309,667$137,305,305
94$237,466,682$64,826,399$43,646,712$149,443,355
95$261,605,425$67,920,033$45,026,017$162,743,877
96$288,203,709$71,162,646$46,448,920$177,322,239
97$317,512,326$74,561,454$47,916,797$193,305,436
98$349,807,645$78,124,027$49,431,071$210,833,268
99$385,394,222$81,858,301$50,993,209$230,059,642
100$424,607,674$85,772,600$52,604,724$251,154,002