Can I retire at age 69 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,546,154
2 years$805,350$790,351$775,815$761,721$748,050$723,178
3 years$531,567$516,503$502,004$488,042$474,594$450,374
4 years$394,702$379,685$365,330$351,607$338,484$315,104
5 years$312,605$297,677$283,511$270,068$257,310$234,837
6 years$257,891$243,076$229,119$215,975$203,601$182,061
7 years$218,825$204,135$190,399$177,565$165,582$144,981
8 years$189,539$174,981$161,474$148,955$137,366$117,702
9 years$166,773$152,353$139,077$126,877$115,682$96,944
10 years$148,571$134,291$121,251$109,369$98,567$80,739
11 years$133,688$119,552$106,747$95,184$84,771$67,836
12 years$121,294$107,303$94,735$83,489$73,461$57,397
13 years$110,815$96,971$84,640$73,708$64,059$48,843
14 years$101,841$88,144$76,049$65,430$56,154$41,761
15 years$94,071$80,521$68,662$58,352$49,442$35,846
16 years$87,278$73,876$62,253$52,248$43,697$30,870
17 years$81,291$68,037$56,647$46,944$38,745$26,659
18 years$75,975$62,870$51,712$42,306$34,450$23,077
19 years$71,225$58,267$47,339$38,227$30,706$20,016
20 years$66,954$54,144$43,446$34,622$27,427$17,391
21 years$63,095$50,433$39,962$31,422$24,544$15,132
22 years$59,592$47,078$36,831$28,570$22,001$13,184
23 years$56,398$44,031$34,007$26,019$19,749$11,499
24 years$53,475$41,254$31,451$23,731$17,751$10,039
25 years$50,790$38,715$29,130$21,672$15,973$8,771
26 years$48,315$36,386$27,016$19,816$14,388$7,670
27 years$46,027$34,243$25,087$18,138$12,972$6,710
28 years$43,907$32,267$23,322$16,618$11,705$5,874
29 years$41,936$30,440$21,703$15,239$10,569$5,145
30 years$40,101$28,748$20,215$13,986$9,550$4,508
31 years$38,387$27,176$18,846$12,845$8,634$3,951
32 years$36,783$25,714$17,584$11,805$7,810$3,464
33 years$35,280$24,352$16,418$10,856$7,068$3,038
34 years$33,868$23,080$15,340$9,988$6,399$2,665
35 years$32,540$21,891$14,342$9,195$5,796$2,338
36 years$31,288$20,778$13,416$8,468$5,252$2,052
37 years$30,107$19,734$12,558$7,802$4,760$1,801
38 years$28,991$18,754$11,760$7,191$4,315$1,581
39 years$27,934$17,834$11,017$6,631$3,913$1,388
40 years$26,933$16,967$10,327$6,116$3,549$1,219
41 years$25,983$16,151$9,683$5,643$3,220$1,070
42 years$25,081$15,382$9,083$5,208$2,922$940
43 years$24,223$14,656$8,523$4,807$2,652$825
44 years$23,406$13,970$8,001$4,439$2,407$725
45 years$22,628$13,322$7,512$4,099$2,185$637
46 years$21,886$12,708$7,056$3,787$1,984$559
47 years$21,178$12,128$6,629$3,498$1,802$491
48 years$20,501$11,577$6,229$3,233$1,636$432
49 years$19,854$11,056$5,855$2,987$1,486$379
50 years$19,234$10,561$5,505$2,761$1,350$333

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $19,700,000, adding $5,217 every year, while hoping to spend $50,957 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: 67/12/21 Blend
68$19,700,000$19,700,000$19,700,000$19,700,000
69$21,714,781$20,670,681$20,365,331$23,054,469
70$23,875,471$21,629,327$20,993,352$24,911,613
71$26,254,844$22,633,238$21,640,704$26,935,408
72$28,875,150$23,684,579$22,307,980$29,147,393
73$31,760,911$24,785,619$22,995,793$31,566,092
74$34,939,145$25,938,736$23,704,773$34,211,889
75$38,439,625$27,146,421$24,435,570$37,107,223
76$42,295,161$28,411,289$25,188,855$40,276,792
77$46,541,903$29,736,079$25,965,318$43,747,783
78$51,219,691$31,123,661$26,765,670$47,550,127
79$56,372,425$32,577,046$27,590,646$51,716,775
80$62,048,480$34,099,388$28,441,000$56,284,006
81$68,301,164$35,693,997$29,317,512$61,291,765
82$75,189,219$37,364,340$30,220,985$66,784,035
83$82,777,378$39,114,051$31,152,247$72,809,247
84$91,136,973$40,946,942$32,112,150$79,420,735
85$100,346,611$42,867,008$33,101,573$86,677,231
86$110,492,912$44,878,438$34,121,423$94,643,413
87$121,671,330$46,985,623$35,172,632$103,390,517
88$133,987,054$49,193,167$36,256,163$112,996,993
89$147,555,997$51,505,895$37,373,008$123,549,249
90$162,505,893$53,928,869$38,524,188$135,142,456
91$178,977,503$56,467,392$39,710,757$147,881,439
92$197,125,942$59,127,028$40,933,801$161,881,662
93$217,122,142$61,913,606$42,194,437$177,270,307
94$239,154,470$64,833,242$43,493,820$194,187,474
95$263,430,499$67,892,345$44,833,137$212,787,489
96$290,178,976$71,097,635$46,213,612$233,240,354
97$319,651,971$74,456,159$47,636,508$255,733,345
98$352,127,267$77,975,306$49,103,126$280,472,773
99$387,910,973$81,662,820$50,614,805$307,685,917
100$427,340,418$85,526,825$52,172,928$337,623,163