Can I retire at age 69 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,126,135
2 years$600,947$589,755$578,908$568,391$558,190$512,345
3 years$396,652$385,411$374,592$364,174$354,139$309,956
4 years$294,524$283,318$272,607$262,367$252,575$210,391
5 years$233,263$222,125$211,554$201,523$192,003$151,926
6 years$192,436$181,382$170,967$161,159$151,926$113,981
7 years$163,286$152,324$142,074$132,498$123,556$87,731
8 years$141,433$130,570$120,490$111,149$102,502$68,760
9 years$124,445$113,684$103,778$94,674$86,321$54,612
10 years$110,862$100,207$90,476$81,610$73,550$43,812
11 years$99,757$89,209$79,654$71,025$63,256$35,421
12 years$90,509$80,069$70,691$62,299$54,816$28,810
13 years$82,690$72,359$63,158$55,001$47,801$23,546
14 years$75,993$65,772$56,747$48,823$41,902$19,317
15 years$70,195$60,084$51,235$43,542$36,894$15,897
16 years$65,127$55,126$46,452$38,987$32,607$13,115
17 years$60,659$50,769$42,270$35,029$28,911$10,842
18 years$56,692$46,913$38,587$31,569$25,707$8,978
19 years$53,147$43,478$35,324$28,525$22,913$7,445
20 years$49,961$40,402$32,419$25,835$20,466$6,180
21 years$47,081$37,633$29,819$23,447$18,315$5,135
22 years$44,467$35,129$27,483$21,318$16,417$4,270
23 years$42,084$32,856$25,376$19,415$14,737$3,553
24 years$39,903$30,784$23,468$17,708$13,246$2,958
25 years$37,899$28,889$21,736$16,172$11,919$2,464
26 years$36,052$27,151$20,159$14,787$10,736$2,053
27 years$34,345$25,552$18,720$13,535$9,680$1,711
28 years$32,763$24,078$17,402$12,401$8,734$1,426
29 years$31,293$22,714$16,194$11,372$7,887$1,189
30 years$29,923$21,451$15,084$10,436$7,126$992
31 years$28,644$20,279$14,063$9,585$6,443$827
32 years$27,447$19,188$13,121$8,809$5,828$690
33 years$26,326$18,171$12,251$8,100$5,274$576
34 years$25,272$17,222$11,447$7,453$4,775$480
35 years$24,281$16,335$10,702$6,861$4,325$401
36 years$23,347$15,504$10,011$6,319$3,919$335
37 years$22,466$14,725$9,370$5,822$3,552$279
38 years$21,633$13,994$8,775$5,366$3,220$233
39 years$20,844$13,307$8,221$4,948$2,920$194
40 years$20,097$12,661$7,706$4,564$2,648$162
41 years$19,388$12,052$7,225$4,211$2,403$135
42 years$18,715$11,478$6,778$3,886$2,180$113
43 years$18,075$10,936$6,360$3,587$1,979$94
44 years$17,466$10,424$5,970$3,312$1,796$79
45 years$16,885$9,941$5,606$3,059$1,631$66
46 years$16,331$9,483$5,265$2,825$1,480$55
47 years$15,803$9,050$4,946$2,610$1,344$46
48 years$15,298$8,639$4,648$2,412$1,221$38
49 years$14,815$8,250$4,369$2,229$1,109$32
50 years$14,352$7,881$4,107$2,060$1,007$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $14,700,000, adding $3,286 every year, while hoping to spend $34,914 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: 59/28/13 Blend
68$14,700,000$14,700,000$14,700,000$14,700,000
69$16,202,790$15,423,690$15,195,840$17,106,348
70$17,818,326$16,142,302$15,667,752$18,434,384
71$19,597,477$16,894,956$16,154,303$19,877,684
72$21,556,894$17,683,284$16,655,947$21,450,698
73$23,714,927$18,508,994$17,173,151$23,165,922
74$26,091,794$19,373,880$17,706,396$25,037,093
75$28,709,778$20,279,821$18,256,181$27,079,316
76$31,593,429$21,228,786$18,823,017$29,309,203
77$34,769,804$22,222,841$19,407,433$31,745,021
78$38,268,714$23,264,151$20,009,973$34,406,865
79$42,123,014$24,354,986$20,631,198$37,316,835
80$46,368,906$25,497,724$21,271,687$40,499,248
81$51,046,282$26,694,861$21,932,037$43,980,854
82$56,199,106$27,949,012$22,612,863$47,791,087
83$61,875,819$29,262,918$23,314,798$51,962,335
84$68,129,806$30,639,454$24,038,497$56,530,238
85$75,019,893$32,081,635$24,784,634$61,534,021
86$82,610,906$33,592,618$25,553,903$67,016,852
87$90,974,280$35,175,718$26,347,021$73,026,249
88$100,188,736$36,834,408$27,164,725$79,614,512
89$110,341,021$38,572,328$28,007,777$86,839,215
90$121,526,730$40,393,297$28,876,963$94,763,738
91$133,851,206$42,301,317$29,773,090$103,457,859
92$147,430,533$44,300,586$30,696,993$112,998,398
93$162,392,637$46,395,504$31,649,531$123,469,937
94$178,878,487$48,590,685$32,631,592$134,965,608
95$197,043,431$50,890,967$33,644,088$147,587,956
96$217,058,658$53,301,421$34,687,962$161,449,904
97$239,112,817$55,827,367$35,764,185$176,675,799
98$263,413,797$58,474,381$36,873,758$193,402,579
99$290,190,689$61,248,310$38,017,713$211,781,051
100$319,695,947$64,155,285$39,197,115$231,977,300