Can I retire at age 69 with 14,500,000?

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 $14,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,122,386
2 years$592,771$581,731$571,031$560,658$550,595$516,752
3 years$391,255$380,167$369,495$359,219$349,320$316,559
4 years$290,517$279,463$268,898$258,797$249,138$217,710
5 years$230,090$219,103$208,676$198,781$189,391$159,381
6 years$189,818$178,914$168,641$158,967$149,859$121,294
7 years$161,064$150,252$140,141$130,695$121,875$94,756
8 years$139,508$128,793$118,851$109,637$101,107$75,417
9 years$122,752$112,138$102,366$93,386$85,147$60,860
10 years$109,354$98,844$89,245$80,500$72,549$49,632
11 years$98,400$87,995$78,570$70,059$62,395$40,808
12 years$89,277$78,980$69,729$61,451$54,070$33,772
13 years$81,565$71,374$62,298$54,252$47,150$28,094
14 years$74,959$64,877$55,975$48,159$41,332$23,470
15 years$69,240$59,267$50,538$42,949$36,392$19,675
16 years$64,240$54,376$45,820$38,457$32,163$16,540
17 years$59,834$50,078$41,695$34,553$28,518$13,937
18 years$55,921$46,275$38,062$31,139$25,357$11,767
19 years$52,424$42,887$34,844$28,137$22,601$9,951
20 years$49,281$39,852$31,978$25,483$20,188$8,427
21 years$46,441$37,121$29,413$23,128$18,066$7,145
22 years$43,862$34,651$27,109$21,028$16,193$6,063
23 years$41,511$32,408$25,030$19,151$14,536$5,150
24 years$39,360$30,365$23,149$17,467$13,065$4,377
25 years$37,383$28,496$21,441$15,952$11,757$3,722
26 years$35,562$26,781$19,885$14,585$10,590$3,167
27 years$33,878$25,204$18,465$13,350$9,548$2,696
28 years$32,317$23,750$17,166$12,232$8,615$2,295
29 years$30,867$22,405$15,974$11,217$7,779$1,955
30 years$29,516$21,160$14,879$10,294$7,029$1,666
31 years$28,254$20,003$13,871$9,454$6,355$1,419
32 years$27,074$18,927$12,942$8,689$5,749$1,210
33 years$25,967$17,924$12,084$7,990$5,202$1,031
34 years$24,928$16,988$11,291$7,352$4,710$879
35 years$23,951$16,113$10,556$6,768$4,266$750
36 years$23,029$15,293$9,875$6,233$3,865$639
37 years$22,160$14,525$9,243$5,743$3,503$545
38 years$21,338$13,804$8,656$5,293$3,176$465
39 years$20,561$13,126$8,109$4,881$2,880$397
40 years$19,824$12,489$7,601$4,502$2,612$338
41 years$19,125$11,888$7,127$4,153$2,370$289
42 years$18,461$11,322$6,686$3,833$2,151$246
43 years$17,829$10,787$6,273$3,538$1,952$210
44 years$17,228$10,282$5,889$3,267$1,772$179
45 years$16,655$9,805$5,529$3,017$1,608$153
46 years$16,109$9,354$5,193$2,787$1,460$130
47 years$15,588$8,926$4,879$2,575$1,326$111
48 years$15,089$8,521$4,585$2,379$1,204$95
49 years$14,613$8,138$4,310$2,199$1,094$81
50 years$14,157$7,773$4,052$2,032$993$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $14,500,000, adding $2,495 every year, while hoping to spend $29,348 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: 52/38/10 Blend
68$14,500,000$14,500,000$14,500,000$14,500,000
69$15,981,574$15,213,074$14,988,324$16,771,167
70$17,580,468$15,927,288$15,459,206$18,023,298
71$19,341,466$16,675,516$15,944,880$19,380,947
72$21,281,071$17,459,392$16,445,809$20,856,734
73$23,417,470$18,280,631$16,962,473$22,461,814
74$25,770,701$19,141,032$17,495,366$24,208,438
75$28,362,849$20,042,478$18,044,996$26,110,065
76$31,218,247$20,986,947$18,611,891$28,181,481
77$34,363,711$21,976,510$19,196,592$30,438,935
78$37,828,790$23,013,340$19,799,659$32,900,284
79$41,646,047$24,099,713$20,421,667$35,585,154
80$45,851,363$25,238,019$21,063,213$38,515,121
81$50,484,281$26,430,760$21,724,909$41,713,906
82$55,588,372$27,680,562$22,407,388$45,207,588
83$61,211,654$28,990,178$23,111,303$49,024,849
84$67,407,038$30,362,492$23,837,328$53,197,229
85$74,232,833$31,800,531$24,586,155$57,759,419
86$81,753,293$33,307,468$25,358,502$62,749,578
87$90,039,224$34,886,630$26,155,108$68,209,684
88$99,168,654$36,541,503$26,976,733$74,185,918
89$109,227,566$38,275,747$27,824,163$80,729,092
90$120,310,715$40,093,195$28,698,209$87,895,117
91$132,522,516$41,997,869$29,599,707$95,745,515
92$145,978,033$43,993,986$30,529,518$104,347,995
93$160,804,068$46,085,966$31,488,532$113,777,071
94$177,140,350$48,278,446$32,477,666$124,114,758
95$195,140,863$50,576,288$33,497,865$135,451,330
96$214,975,293$52,984,587$34,550,105$147,886,157
97$236,830,631$55,508,690$35,635,391$161,528,628
98$260,912,941$58,154,202$36,754,763$176,499,166
99$287,449,303$60,926,999$37,909,289$192,930,352
100$316,689,956$63,833,246$39,100,074$210,968,153