Can I retire at age 69 with 14,400,000?

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 $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,132,988
2 years$588,682$577,719$567,093$556,791$546,798$531,420
3 years$388,557$377,546$366,947$356,741$346,911$331,921
4 years$288,513$277,536$267,043$257,012$247,420$232,934
5 years$228,503$217,592$207,237$197,410$188,085$174,144
6 years$188,509$177,680$167,478$157,870$148,825$135,446
7 years$159,953$149,215$139,175$129,794$121,035$108,223
8 years$138,546$127,905$118,031$108,881$100,410$88,164
9 years$121,905$111,364$101,660$92,742$84,560$72,874
10 years$108,600$98,162$88,630$79,945$72,049$60,915
11 years$97,721$87,388$78,028$69,576$61,965$51,372
12 years$88,662$78,435$69,248$61,027$53,697$43,634
13 years$81,002$70,882$61,869$53,878$46,825$37,278
14 years$74,442$64,430$55,589$47,827$41,047$32,001
15 years$68,762$58,858$50,190$42,653$36,141$27,581
16 years$63,797$54,001$45,504$38,191$31,941$23,852
17 years$59,421$49,733$41,407$34,315$28,321$20,686
18 years$55,535$45,955$37,799$30,924$25,182$17,984
19 years$52,063$42,591$34,603$27,943$22,445$15,667
20 years$48,941$39,578$31,757$25,308$20,048$13,673
21 years$46,120$36,865$29,211$22,968$17,941$11,951
22 years$43,560$34,412$26,922$20,883$16,082$10,460
23 years$41,225$32,185$24,858$19,019$14,436$9,166
24 years$39,088$30,155$22,989$17,346$12,975$8,039
25 years$37,125$28,299$21,293$15,842$11,676$7,058
26 years$35,316$26,597$19,748$14,485$10,517$6,201
27 years$33,644$25,031$18,338$13,258$9,482$5,451
28 years$32,094$23,586$17,047$12,147$8,556$4,795
29 years$30,654$22,251$15,864$11,139$7,726$4,220
30 years$29,312$21,014$14,777$10,223$6,981$3,716
31 years$28,059$19,865$13,776$9,389$6,311$3,273
32 years$26,887$18,796$12,853$8,629$5,709$2,884
33 years$25,788$17,800$12,001$7,935$5,167$2,542
34 years$24,756$16,871$11,213$7,301$4,678$2,241
35 years$23,785$16,002$10,483$6,721$4,237$1,976
36 years$22,871$15,188$9,807$6,190$3,839$1,743
37 years$22,007$14,425$9,179$5,703$3,479$1,538
38 years$21,191$13,709$8,596$5,257$3,154$1,357
39 years$20,419$13,036$8,053$4,847$2,860$1,197
40 years$19,687$12,402$7,548$4,471$2,594$1,057
41 years$18,993$11,806$7,078$4,125$2,354$933
42 years$18,333$11,244$6,639$3,807$2,136$823
43 years$17,706$10,713$6,230$3,514$1,938$727
44 years$17,109$10,212$5,848$3,245$1,759$642
45 years$16,540$9,738$5,491$2,996$1,597$567
46 years$15,998$9,289$5,157$2,768$1,450$500
47 years$15,480$8,865$4,845$2,557$1,317$442
48 years$14,985$8,463$4,553$2,363$1,196$390
49 years$14,512$8,081$4,280$2,184$1,086$345
50 years$14,059$7,720$4,024$2,018$987$304

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $14,400,000, adding $3,954 every year, while hoping to spend $55,601 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: 64/21/15 Blend
68$14,400,000$14,400,000$14,400,000$14,400,000
69$15,872,879$15,109,679$14,886,479$16,830,782
70$17,432,753$15,790,894$15,326,017$18,154,232
71$19,149,871$16,503,625$15,778,416$19,592,572
72$21,040,214$17,249,358$16,244,048$21,162,409
73$23,121,388$18,029,649$16,723,296$22,876,566
74$25,412,797$18,846,129$17,216,553$24,749,145
75$27,935,820$19,700,507$17,724,226$26,795,665
76$30,714,015$20,594,573$18,246,729$29,033,201
77$33,773,341$21,530,204$18,784,491$31,480,540
78$37,142,403$22,509,366$19,337,953$34,158,359
79$40,852,722$23,534,118$19,907,568$37,089,412
80$44,939,029$24,606,620$20,493,801$40,298,744
81$49,439,599$25,729,133$21,097,132$43,813,920
82$54,396,605$26,904,028$21,718,053$47,665,285
83$59,856,523$28,133,789$22,357,072$51,886,241
84$65,870,563$29,421,019$23,014,709$56,513,563
85$72,495,159$30,768,447$23,691,500$61,587,734
86$79,792,495$32,178,932$24,387,996$67,153,329
87$87,831,100$33,655,470$25,104,763$73,259,426
88$96,686,485$35,201,200$25,842,386$79,960,065
89$106,441,862$36,819,415$26,601,462$87,314,752
90$117,188,929$38,513,563$27,382,607$95,389,015
91$129,028,731$40,287,259$28,186,456$104,255,014
92$142,072,619$42,144,292$29,013,660$113,992,219
93$156,443,297$44,088,633$29,864,888$124,688,148
94$172,275,981$46,124,444$30,740,829$136,439,191
95$189,719,675$48,256,086$31,642,192$149,351,510
96$208,938,581$50,488,133$32,569,703$163,542,030
97$230,113,641$52,825,376$33,524,113$179,139,541
98$253,444,251$55,272,839$34,506,190$196,285,900
99$279,150,143$57,835,786$35,516,726$215,137,359
100$307,473,456$60,519,737$36,556,534$235,866,038