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

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,122,470
2 years$596,859$585,743$574,970$564,524$554,393$512,778
3 years$393,953$382,789$372,043$361,696$351,729$311,562
4 years$292,520$281,391$270,752$260,582$250,856$212,443
5 years$231,677$220,614$210,115$200,152$190,697$154,138
6 years$191,127$180,148$169,804$160,063$150,892$116,215
7 years$162,175$151,288$141,108$131,597$122,716$89,912
8 years$140,471$129,682$119,671$110,393$101,804$70,847
9 years$123,598$112,911$103,072$94,030$85,734$56,582
10 years$110,108$99,526$89,861$81,055$73,050$45,652
11 years$99,078$88,602$79,112$70,542$62,825$37,126
12 years$89,893$79,524$70,210$61,875$54,443$30,379
13 years$82,127$71,867$62,728$54,626$47,475$24,982
14 years$75,476$65,325$56,361$48,491$41,617$20,625
15 years$69,718$59,675$50,887$43,246$36,643$17,082
16 years$64,684$54,751$46,136$38,722$32,385$14,185
17 years$60,246$50,424$41,982$34,791$28,715$11,805
18 years$56,307$46,594$38,324$31,354$25,532$9,841
19 years$52,786$43,183$35,084$28,331$22,757$8,216
20 years$49,621$40,127$32,198$25,659$20,327$6,868
21 years$46,761$37,377$29,616$23,287$18,190$5,747
22 years$44,165$34,890$27,296$21,173$16,305$4,813
23 years$41,798$32,632$25,203$19,283$14,636$4,033
24 years$39,631$30,574$23,309$17,587$13,155$3,382
25 years$37,641$28,692$21,588$16,062$11,838$2,837
26 years$35,807$26,966$20,022$14,686$10,663$2,381
27 years$34,112$25,378$18,592$13,442$9,614$1,999
28 years$32,540$23,914$17,284$12,316$8,675$1,679
29 years$31,080$22,560$16,084$11,294$7,833$1,410
30 years$29,719$21,305$14,982$10,365$7,078$1,185
31 years$28,449$20,141$13,967$9,520$6,399$995
32 years$27,261$19,057$13,032$8,749$5,788$837
33 years$26,146$18,047$12,168$8,045$5,238$703
34 years$25,100$17,105$11,369$7,402$4,743$591
35 years$24,116$16,224$10,629$6,814$4,296$497
36 years$23,188$15,399$9,943$6,276$3,892$418
37 years$22,313$14,625$9,307$5,782$3,528$351
38 years$21,485$13,899$8,715$5,330$3,198$295
39 years$20,702$13,217$8,165$4,914$2,900$248
40 years$19,961$12,575$7,653$4,533$2,630$209
41 years$19,257$11,970$7,176$4,182$2,386$176
42 years$18,588$11,400$6,732$3,859$2,165$148
43 years$17,952$10,862$6,317$3,563$1,965$124
44 years$17,347$10,353$5,929$3,290$1,784$104
45 years$16,770$9,873$5,567$3,038$1,619$88
46 years$16,220$9,418$5,229$2,806$1,470$74
47 years$15,695$8,988$4,913$2,593$1,335$62
48 years$15,193$8,580$4,617$2,396$1,213$52
49 years$14,714$8,194$4,339$2,214$1,101$44
50 years$14,255$7,827$4,080$2,046$1,000$37

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 $6,146 every year, while hoping to spend $22,386 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: 65/16/19 Blend
68$14,600,000$14,600,000$14,600,000$14,600,000
69$16,095,540$15,321,740$15,095,440$17,064,541
70$17,713,466$16,048,686$15,577,318$18,442,525
71$19,495,671$16,810,503$16,074,590$19,944,689
72$21,458,887$17,608,875$16,587,746$21,585,767
73$23,621,552$18,445,569$17,117,294$23,379,364
74$26,003,986$19,322,437$17,663,759$25,340,448
75$28,628,578$20,241,423$18,227,681$27,485,489
76$31,520,003$21,204,563$18,809,618$29,832,613
77$34,705,450$22,213,992$19,410,147$32,401,766
78$38,214,880$23,271,952$20,029,861$35,214,904
79$42,081,310$24,380,790$20,669,374$38,296,191
80$46,341,125$25,542,970$21,329,318$41,672,226
81$51,034,417$26,761,073$22,010,348$45,372,290
82$56,205,370$28,037,808$22,713,137$49,428,619
83$61,902,671$29,376,014$23,438,381$53,876,701
84$68,179,974$30,778,669$24,186,797$58,755,608
85$75,096,404$32,248,897$24,959,128$64,108,362
86$82,717,115$33,789,970$25,756,136$69,982,332
87$91,113,907$35,405,324$26,578,612$76,429,679
88$100,365,899$37,098,560$27,427,370$83,507,843
89$110,560,284$38,873,452$28,303,250$91,280,076
90$121,793,144$40,733,962$29,207,120$99,816,039
91$134,170,360$42,684,242$30,139,874$109,192,446
92$147,808,613$44,728,646$31,102,436$119,493,789
93$162,836,484$46,871,742$32,095,760$130,813,124
94$179,395,666$49,118,318$33,120,828$143,252,942
95$197,642,306$51,473,397$34,178,658$156,926,134
96$217,748,473$53,942,246$35,270,295$171,957,044
97$239,903,789$56,530,388$36,396,822$188,482,637
98$264,317,214$59,243,615$37,559,354$206,653,781
99$291,219,021$62,088,003$38,759,043$226,636,668
100$320,862,967$65,069,922$39,997,077$248,614,367