Can I retire at age 69 with 14,300,000?

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,116,366
2 years$584,594$573,707$563,155$552,924$543,001$518,999
3 years$385,858$374,924$364,399$354,264$344,502$321,182
4 years$286,510$275,609$265,189$255,227$245,702$223,244
5 years$226,916$216,081$205,797$196,039$186,779$165,247
6 years$187,200$176,446$166,315$156,774$147,792$127,209
7 years$158,843$148,179$138,208$128,893$120,194$100,564
8 years$137,584$127,017$117,212$108,125$99,713$81,030
9 years$121,058$110,591$100,954$92,098$83,972$66,223
10 years$107,846$97,481$88,014$79,390$71,549$54,715
11 years$97,042$86,781$77,486$69,093$61,534$45,596
12 years$88,046$77,890$68,767$60,604$53,324$38,256
13 years$80,440$70,390$61,439$53,504$46,500$32,277
14 years$73,925$63,982$55,203$47,495$40,761$27,355
15 years$68,285$58,449$49,841$42,357$35,890$23,271
16 years$63,354$53,626$45,188$37,926$31,719$19,858
17 years$59,008$49,388$41,120$34,076$28,125$16,991
18 years$55,150$45,636$37,537$30,710$25,007$14,569
19 years$51,701$42,295$34,363$27,749$22,289$12,516
20 years$48,601$39,303$31,537$25,132$19,909$10,769
21 years$45,800$36,609$29,008$22,809$17,817$9,278
22 years$43,257$34,173$26,735$20,738$15,970$8,003
23 years$40,939$31,961$24,685$18,887$14,336$6,910
24 years$38,817$29,946$22,830$17,226$12,885$5,972
25 years$36,868$28,103$21,145$15,732$11,595$5,164
26 years$35,071$26,412$19,611$14,384$10,444$4,469
27 years$33,411$24,857$18,210$13,166$9,416$3,869
28 years$31,872$23,422$16,929$12,063$8,496$3,351
29 years$30,441$22,096$15,754$11,062$7,672$2,904
30 years$29,109$20,868$14,674$10,152$6,932$2,517
31 years$27,864$19,727$13,680$9,324$6,267$2,183
32 years$26,700$18,666$12,764$8,569$5,669$1,893
33 years$25,609$17,677$11,918$7,880$5,131$1,643
34 years$24,584$16,753$11,135$7,250$4,645$1,425
35 years$23,620$15,890$10,411$6,674$4,207$1,237
36 years$22,712$15,082$9,739$6,147$3,812$1,074
37 years$21,854$14,325$9,115$5,663$3,455$932
38 years$21,044$13,614$8,536$5,220$3,132$809
39 years$20,277$12,945$7,997$4,813$2,840$703
40 years$19,550$12,316$7,496$4,440$2,576$610
41 years$18,861$11,724$7,029$4,096$2,337$530
42 years$18,206$11,165$6,593$3,780$2,121$460
43 years$17,583$10,638$6,187$3,490$1,925$400
44 years$16,990$10,141$5,808$3,222$1,747$347
45 years$16,426$9,670$5,453$2,976$1,586$301
46 years$15,887$9,225$5,122$2,749$1,440$262
47 years$15,373$8,803$4,812$2,539$1,308$227
48 years$14,881$8,404$4,522$2,346$1,188$198
49 years$14,411$8,025$4,250$2,169$1,079$172
50 years$13,962$7,666$3,996$2,004$980$149

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $14,300,000, adding $2,783 every year, while hoping to spend $46,578 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: 56/32/12 Blend
68$14,300,000$14,300,000$14,300,000$14,300,000
69$15,761,471$15,003,571$14,781,921$16,596,151
70$17,319,582$15,689,187$15,227,556$17,847,135
71$19,035,060$16,406,837$15,686,560$19,203,737
72$20,923,906$17,158,042$16,159,330$20,680,303
73$23,003,753$17,944,396$16,646,276$22,288,300
74$25,294,032$18,767,567$17,147,822$24,040,332
75$27,816,151$19,629,306$17,664,402$25,950,254
76$30,593,704$20,531,447$18,196,465$28,033,294
77$33,652,687$21,475,913$18,744,472$30,306,200
78$37,021,747$22,464,718$19,308,897$32,787,386
79$40,732,450$23,499,974$19,890,230$35,497,100
80$44,819,580$24,583,894$20,488,974$38,457,615
81$49,321,470$25,718,797$21,105,647$41,693,429
82$54,280,356$26,907,115$21,740,782$45,231,489
83$59,742,784$28,151,395$22,394,930$49,101,444
84$65,760,043$29,454,309$23,068,656$53,335,912
85$72,388,653$30,818,655$23,762,541$57,970,784
86$79,690,895$32,247,369$24,477,185$63,045,556
87$87,735,402$33,743,525$25,213,207$68,603,690
88$96,597,804$35,310,348$25,971,240$74,693,021
89$106,361,442$36,951,218$26,751,938$81,366,196
90$117,118,157$38,669,675$27,555,976$88,681,165
91$128,969,154$40,469,435$28,384,047$96,701,716
92$142,025,959$42,354,388$29,236,864$105,498,069
93$156,411,470$44,328,616$30,115,161$115,147,528
94$172,261,117$46,396,395$31,019,696$125,735,199
95$189,724,141$48,562,209$31,951,247$137,354,784
96$208,965,004$50,830,758$32,910,614$150,109,454
97$230,164,939$53,206,970$33,898,624$164,112,806
98$253,523,661$55,696,009$34,916,126$179,489,929
99$279,261,252$58,303,291$35,963,994$196,378,566
100$307,620,240$61,034,493$37,043,128$214,930,403