Can I retire at age 69 with 14,600,000?

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 $14,600,000?

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$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,144,937
2 years$596,859$585,743$574,970$564,524$554,393$535,017
3 years$393,953$382,789$372,043$361,696$351,729$332,869
4 years$292,520$281,391$270,752$260,582$250,856$232,657
5 years$231,677$220,614$210,115$200,152$190,697$173,210
6 years$191,127$180,148$169,804$160,063$150,892$134,138
7 years$162,175$151,288$141,108$131,597$122,716$106,699
8 years$140,471$129,682$119,671$110,393$101,804$86,523
9 years$123,598$112,911$103,072$94,030$85,734$71,179
10 years$110,108$99,526$89,861$81,055$73,050$59,209
11 years$99,078$88,602$79,112$70,542$62,825$49,684
12 years$89,893$79,524$70,210$61,875$54,443$41,984
13 years$82,127$71,867$62,728$54,626$47,475$35,680
14 years$75,476$65,325$56,361$48,491$41,617$30,466
15 years$69,718$59,675$50,887$43,246$36,643$26,115
16 years$64,684$54,751$46,136$38,722$32,385$22,458
17 years$60,246$50,424$41,982$34,791$28,715$19,367
18 years$56,307$46,594$38,324$31,354$25,532$16,740
19 years$52,786$43,183$35,084$28,331$22,757$14,499
20 years$49,621$40,127$32,198$25,659$20,327$12,578
21 years$46,761$37,377$29,616$23,287$18,190$10,928
22 years$44,165$34,890$27,296$21,173$16,305$9,507
23 years$41,798$32,632$25,203$19,283$14,636$8,279
24 years$39,631$30,574$23,309$17,587$13,155$7,216
25 years$37,641$28,692$21,588$16,062$11,838$6,295
26 years$35,807$26,966$20,022$14,686$10,663$5,496
27 years$34,112$25,378$18,592$13,442$9,614$4,801
28 years$32,540$23,914$17,284$12,316$8,675$4,196
29 years$31,080$22,560$16,084$11,294$7,833$3,669
30 years$29,719$21,305$14,982$10,365$7,078$3,209
31 years$28,449$20,141$13,967$9,520$6,399$2,808
32 years$27,261$19,057$13,032$8,749$5,788$2,458
33 years$26,146$18,047$12,168$8,045$5,238$2,152
34 years$25,100$17,105$11,369$7,402$4,743$1,885
35 years$24,116$16,224$10,629$6,814$4,296$1,651
36 years$23,188$15,399$9,943$6,276$3,892$1,446
37 years$22,313$14,625$9,307$5,782$3,528$1,267
38 years$21,485$13,899$8,715$5,330$3,198$1,111
39 years$20,702$13,217$8,165$4,914$2,900$973
40 years$19,961$12,575$7,653$4,533$2,630$853
41 years$19,257$11,970$7,176$4,182$2,386$748
42 years$18,588$11,400$6,732$3,859$2,165$656
43 years$17,952$10,862$6,317$3,563$1,965$575
44 years$17,347$10,353$5,929$3,290$1,784$504
45 years$16,770$9,873$5,567$3,038$1,619$442
46 years$16,220$9,418$5,229$2,806$1,470$388
47 years$15,695$8,988$4,913$2,593$1,335$340
48 years$15,193$8,580$4,617$2,396$1,213$298
49 years$14,714$8,194$4,339$2,214$1,101$261
50 years$14,255$7,827$4,080$2,046$1,000$229

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $14,600,000, adding $5,898 every year, while hoping to spend $32,882 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: 80/14/6 Blend
68$14,600,000$14,600,000$14,600,000$14,600,000
69$16,095,284$15,321,484$15,095,184$17,375,217
70$17,702,017$16,037,250$15,565,886$18,929,734
71$19,471,534$16,786,987$16,051,255$20,630,045
72$21,420,405$17,572,325$16,551,747$22,494,643
73$23,566,889$18,394,971$17,067,833$24,539,905
74$25,931,105$19,256,717$17,599,998$26,783,863
75$28,535,223$20,159,442$18,148,744$29,246,368
76$31,403,674$21,105,113$18,714,585$31,949,279
77$34,563,379$22,095,794$19,298,054$34,916,668
78$38,044,005$23,133,649$19,899,701$38,175,040
79$41,878,243$24,220,947$20,520,090$41,753,582
80$46,102,116$25,360,066$21,159,805$45,684,440
81$50,755,321$26,553,499$21,819,448$50,003,014
82$55,881,603$27,803,860$22,499,639$54,748,291
83$61,529,167$29,113,889$23,201,017$59,963,212
84$67,751,133$30,486,461$23,924,242$65,695,069
85$74,606,039$31,924,587$24,669,994$71,995,955
86$82,158,390$33,431,427$25,438,973$78,923,245
87$90,479,270$35,010,291$26,231,904$86,540,139
88$99,647,013$36,664,653$27,049,530$94,916,251
89$109,747,940$38,398,153$27,892,621$104,128,264
90$120,877,175$40,214,607$28,761,969$114,260,650
91$133,139,542$42,118,018$29,658,390$125,406,460
92$146,650,557$44,112,583$30,582,728$137,668,203
93$161,537,516$46,202,701$31,535,851$151,158,800
94$177,940,695$48,392,986$32,518,655$166,002,655
95$196,014,678$50,688,275$33,532,062$182,336,816
96$215,929,815$53,093,640$34,577,026$200,312,268
97$237,873,827$55,614,399$35,654,527$220,095,347
98$262,053,583$58,256,130$36,765,579$241,869,310
99$288,697,047$61,024,679$37,911,225$265,836,057
100$318,055,436$63,926,178$39,092,541$292,218,025