Can I retire at age 69 with 14,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,127,557
2 years$580,506$569,695$559,217$549,058$539,204$534,387
3 years$383,160$372,302$361,850$351,787$342,093$337,380
4 years$284,506$273,681$263,334$253,443$243,984$239,410
5 years$225,329$214,569$204,358$194,668$185,472$181,052
6 years$185,891$175,212$165,152$155,678$146,758$142,497
7 years$157,732$147,143$137,242$127,991$119,354$115,254
8 years$136,622$126,129$116,392$107,369$99,015$95,077
9 years$120,212$109,818$100,248$91,454$83,385$79,607
10 years$107,092$96,799$87,399$78,834$71,048$67,429
11 years$96,364$86,174$76,945$68,610$61,104$57,642
12 years$87,430$77,345$68,286$60,180$52,951$49,643
13 years$79,877$69,898$61,009$53,130$46,175$43,017
14 years$73,408$63,535$54,817$47,163$40,476$37,467
15 years$67,807$58,040$49,493$42,061$35,639$32,773
16 years$62,911$53,251$44,872$37,661$31,498$28,772
17 years$58,596$49,042$40,832$33,838$27,928$25,338
18 years$54,764$45,317$37,274$30,495$24,832$22,374
19 years$51,339$41,999$34,123$27,555$22,133$19,803
20 years$48,261$39,028$31,316$24,956$19,770$17,562
21 years$45,480$36,353$28,805$22,649$17,692$15,603
22 years$42,955$33,934$26,548$20,593$15,858$13,884
23 years$40,653$31,738$24,513$18,755$14,235$12,371
24 years$38,545$29,736$22,670$17,105$12,795$11,036
25 years$36,610$27,906$20,997$15,622$11,514$9,855
26 years$34,826$26,227$19,474$14,284$10,371$8,809
27 years$33,177$24,683$18,083$13,074$9,350$7,881
28 years$31,649$23,259$16,810$11,979$8,437$7,055
29 years$30,228$21,942$15,644$10,985$7,618$6,320
30 years$28,905$20,722$14,571$10,081$6,884$5,666
31 years$27,670$19,589$13,584$9,259$6,224$5,081
32 years$26,514$18,535$12,675$8,509$5,630$4,559
33 years$25,430$17,553$11,834$7,825$5,095$4,092
34 years$24,412$16,636$11,057$7,200$4,613$3,675
35 years$23,455$15,779$10,338$6,628$4,178$3,301
36 years$22,553$14,977$9,671$6,104$3,785$2,966
37 years$21,701$14,225$9,052$5,624$3,431$2,666
38 years$20,897$13,518$8,476$5,184$3,110$2,396
39 years$20,135$12,855$7,942$4,780$2,821$2,155
40 years$19,414$12,230$7,444$4,408$2,558$1,938
41 years$18,729$11,642$6,980$4,067$2,321$1,743
42 years$18,079$11,087$6,547$3,754$2,106$1,568
43 years$17,460$10,564$6,144$3,465$1,911$1,411
44 years$16,872$10,070$5,767$3,199$1,735$1,270
45 years$16,311$9,602$5,415$2,955$1,575$1,143
46 years$15,776$9,160$5,086$2,729$1,430$1,029
47 years$15,265$8,742$4,778$2,522$1,299$926
48 years$14,777$8,345$4,490$2,330$1,179$834
49 years$14,311$7,969$4,220$2,153$1,071$750
50 years$13,864$7,612$3,968$1,990$973$676

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $14,200,000, adding $2,335 every year, while hoping to spend $52,331 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: 50/26/24 Blend
68$14,200,000$14,200,000$14,200,000$14,200,000
69$15,650,809$14,898,209$14,678,109$16,327,518
70$17,191,511$15,572,541$15,114,145$17,472,687
71$18,887,612$16,278,162$15,563,036$18,711,158
72$20,754,905$17,016,549$16,025,154$20,056,178
73$22,810,797$17,789,251$16,500,888$21,517,856
74$25,074,464$18,597,890$16,990,634$23,107,300
75$27,567,040$19,444,167$17,494,801$24,836,719
76$30,311,810$20,329,864$18,013,809$26,719,534
77$33,334,435$21,256,847$18,548,091$28,770,500
78$36,663,187$22,227,073$19,098,093$31,005,841
79$40,329,225$23,242,592$19,664,272$33,443,397
80$44,366,880$24,305,553$20,247,099$36,102,788
81$48,813,985$25,418,208$20,847,059$39,005,594
82$53,712,227$26,582,916$21,464,651$42,175,552
83$59,107,544$27,802,149$22,100,388$45,638,777
84$65,050,560$29,078,500$22,754,797$49,423,998
85$71,597,055$30,414,685$23,428,421$53,562,828
86$78,808,500$31,813,550$24,121,818$58,090,052
87$86,752,632$33,278,079$24,835,564$63,043,948
88$95,504,093$34,811,398$25,570,248$68,466,645
89$105,145,139$36,416,784$26,326,479$74,404,510
90$115,766,409$38,097,673$27,104,883$80,908,578
91$127,467,788$39,857,664$27,906,101$88,035,025
92$140,359,343$41,700,530$28,730,796$95,845,695
93$154,562,367$43,630,227$29,579,649$104,408,665
94$170,210,520$45,650,900$30,453,359$113,798,887
95$187,451,092$47,766,893$31,352,645$124,098,883
96$206,446,395$49,982,762$32,278,250$135,399,511
97$227,375,290$52,303,280$33,230,934$147,800,816
98$250,434,880$54,733,451$34,211,481$161,412,961
99$275,842,369$57,278,522$35,220,697$176,357,255
100$303,837,110$59,943,989$36,259,410$192,767,289