Can I retire at age 69 with 19,800,000?

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,552,723
2 years$809,438$794,363$779,753$765,588$751,848$725,572
3 years$534,265$519,125$504,552$490,519$477,003$451,426
4 years$396,706$381,612$367,185$353,392$340,203$315,521
5 years$314,192$299,188$284,950$271,439$258,617$234,901
6 years$259,200$244,310$230,282$217,072$204,634$181,913
7 years$219,936$205,171$191,366$178,467$166,423$144,702
8 years$190,501$175,869$162,293$149,711$138,064$117,339
9 years$167,619$153,126$139,783$127,521$116,270$96,530
10 years$149,325$134,973$121,866$109,924$99,067$80,297
11 years$134,366$120,159$107,289$95,667$85,201$67,379
12 years$121,910$107,848$95,216$83,913$73,834$56,937
13 years$111,378$97,463$85,069$74,082$64,384$48,389
14 years$102,358$88,591$76,435$65,762$56,439$41,317
15 years$94,548$80,930$69,011$58,648$49,693$35,416
16 years$87,721$74,251$62,569$52,513$43,919$30,457
17 years$81,704$68,383$56,935$47,183$38,942$26,265
18 years$76,361$63,189$51,974$42,521$34,625$22,703
19 years$71,586$58,563$47,580$38,421$30,862$19,662
20 years$67,294$54,419$43,666$34,798$27,567$17,058
21 years$63,416$50,689$40,165$31,581$24,669$14,821
22 years$59,895$47,317$37,018$28,715$22,112$12,893
23 years$56,685$44,254$34,179$26,151$19,849$11,227
24 years$53,746$41,463$31,610$23,851$17,841$9,787
25 years$51,047$38,911$29,277$21,782$16,054$8,538
26 years$48,560$36,570$27,153$19,917$14,461$7,453
27 years$46,261$34,417$25,214$18,230$13,038$6,510
28 years$44,130$32,431$23,440$16,703$11,764$5,690
29 years$42,149$30,595$21,813$15,317$10,623$4,975
30 years$40,304$28,894$20,318$14,057$9,598$4,352
31 years$38,582$27,314$18,942$12,910$8,678$3,808
32 years$36,970$25,845$17,673$11,865$7,850$3,333
33 years$35,459$24,475$16,501$10,911$7,104$2,918
34 years$34,040$23,197$15,418$10,039$6,432$2,556
35 years$32,705$22,002$14,415$9,241$5,826$2,239
36 years$31,447$20,883$13,485$8,511$5,278$1,961
37 years$30,260$19,834$12,621$7,842$4,784$1,719
38 years$29,138$18,850$11,819$7,228$4,337$1,506
39 years$28,076$17,924$11,073$6,664$3,933$1,320
40 years$27,070$17,053$10,379$6,147$3,567$1,157
41 years$26,115$16,233$9,732$5,671$3,236$1,014
42 years$25,208$15,460$9,129$5,234$2,937$889
43 years$24,346$14,730$8,567$4,832$2,665$780
44 years$23,525$14,041$8,041$4,461$2,419$684
45 years$22,743$13,389$7,550$4,120$2,196$599
46 years$21,997$12,773$7,092$3,806$1,994$526
47 years$21,285$12,189$6,662$3,516$1,811$461
48 years$20,605$11,636$6,261$3,249$1,644$404
49 years$19,954$11,112$5,885$3,003$1,493$354
50 years$19,332$10,615$5,533$2,775$1,357$311

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $19,800,000, adding $2,811 every year, while hoping to spend $23,642 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: 40/50/10 Blend
68$19,800,000$19,800,000$19,800,000$19,800,000
69$21,822,500$20,773,100$20,466,200$22,629,831
70$24,023,240$21,765,827$21,126,662$24,190,787
71$26,447,663$22,806,405$21,808,458$25,875,774
72$29,118,560$23,897,154$22,512,277$27,698,000
73$32,061,045$25,040,507$23,238,831$29,669,883
74$35,302,794$26,239,014$23,988,854$31,805,038
75$38,874,305$27,495,352$24,763,106$34,118,389
76$42,809,184$28,812,324$25,562,371$36,626,304
77$47,144,467$30,192,874$26,387,456$39,346,733
78$51,920,964$31,640,086$27,239,197$42,299,370
79$57,183,648$33,157,196$28,118,456$45,505,827
80$62,982,079$34,747,597$29,026,123$48,989,820
81$69,370,869$36,414,847$29,963,116$52,777,383
82$76,410,201$38,162,678$30,930,383$56,897,102
83$84,166,395$39,995,003$31,928,905$61,380,363
84$92,712,535$41,915,926$32,959,691$66,261,638
85$102,129,158$43,929,751$34,023,785$71,578,795
86$112,505,015$46,040,991$35,122,265$77,373,433
87$123,937,908$48,254,381$36,256,242$83,691,261
88$136,535,613$50,574,885$37,426,865$90,582,510
89$150,416,900$53,007,708$38,635,319$98,102,386
90$165,712,649$55,558,312$39,882,828$106,311,572
91$182,567,092$58,232,421$41,170,655$115,276,779
92$201,139,168$61,036,043$42,500,104$125,071,352
93$221,604,028$63,975,473$43,872,523$135,775,941
94$244,154,686$67,057,319$45,289,300$147,479,234
95$269,003,844$70,288,508$46,751,871$160,278,772
96$296,385,895$73,676,304$48,261,718$174,281,841
97$326,559,141$77,228,327$49,820,370$189,606,452
98$359,808,228$80,952,569$51,429,407$206,382,434
99$396,446,832$84,857,411$53,090,457$224,752,619
100$436,820,627$88,951,642$54,805,205$244,874,165