Can I retire at age 69 with 14,800,000?

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,152,579
2 years$605,035$593,767$582,846$572,257$561,987$534,343
3 years$399,350$388,033$377,140$366,651$356,548$329,718
4 years$296,528$285,245$274,461$264,151$254,293$228,484
5 years$234,850$223,636$212,993$202,894$193,309$168,593
6 years$193,746$182,615$172,130$162,256$152,959$129,361
7 years$164,396$153,360$143,041$133,399$124,397$101,921
8 years$142,395$131,458$121,310$111,905$103,199$81,836
9 years$125,291$114,458$104,484$95,319$86,909$66,641
10 years$111,617$100,889$91,092$82,165$74,050$54,857
11 years$100,435$89,816$80,196$71,509$63,686$45,540
12 years$91,125$80,614$71,172$62,723$55,189$38,060
13 years$83,252$72,851$63,587$55,375$48,126$31,983
14 years$76,510$66,220$57,133$49,155$42,187$26,996
15 years$70,673$60,493$51,584$43,838$37,144$22,869
16 years$65,570$55,501$46,768$39,252$32,828$19,433
17 years$61,072$51,114$42,557$35,268$29,108$16,555
18 years$57,078$47,232$38,849$31,783$25,881$14,133
19 years$53,509$43,774$35,565$28,719$23,069$12,087
20 years$50,301$40,677$32,639$26,011$20,605$10,353
21 years$47,402$37,889$30,022$23,606$18,439$8,879
22 years$44,770$35,368$27,670$21,463$16,528$7,624
23 years$42,370$33,079$25,548$19,547$14,837$6,552
24 years$40,174$30,993$23,628$17,828$13,336$5,635
25 years$38,157$29,085$21,884$16,282$12,000$4,850
26 years$36,298$27,336$20,296$14,887$10,809$4,177
27 years$34,579$25,726$18,847$13,627$9,745$3,598
28 years$32,986$24,241$17,521$12,485$8,793$3,102
29 years$31,506$22,869$16,305$11,449$7,940$2,675
30 years$30,126$21,597$15,187$10,507$7,175$2,307
31 years$28,839$20,417$14,158$9,650$6,486$1,991
32 years$27,634$19,318$13,210$8,869$5,867$1,718
33 years$26,505$18,295$12,334$8,155$5,310$1,483
34 years$25,444$17,339$11,524$7,504$4,808$1,280
35 years$24,446$16,446$10,775$6,908$4,354$1,105
36 years$23,506$15,610$10,079$6,362$3,945$955
37 years$22,618$14,826$9,434$5,861$3,576$825
38 years$21,780$14,090$8,835$5,403$3,242$712
39 years$20,986$13,398$8,277$4,982$2,940$615
40 years$20,234$12,747$7,758$4,595$2,666$532
41 years$19,520$12,134$7,275$4,239$2,419$459
42 years$18,843$11,556$6,824$3,912$2,195$397
43 years$18,198$11,010$6,403$3,612$1,992$343
44 years$17,585$10,495$6,011$3,335$1,808$296
45 years$17,000$10,008$5,644$3,080$1,642$256
46 years$16,442$9,547$5,301$2,845$1,491$221
47 years$15,910$9,111$4,980$2,628$1,353$191
48 years$15,402$8,698$4,680$2,429$1,229$165
49 years$14,915$8,306$4,399$2,244$1,116$143
50 years$14,450$7,934$4,135$2,075$1,014$123

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $14,800,000, adding $5,542 every year, while hoping to spend $59,435 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: 60/25/15 Blend
68$14,800,000$14,800,000$14,800,000$14,800,000
69$16,315,317$15,530,917$15,301,517$17,232,339
70$17,916,240$16,228,693$15,750,879$18,548,936
71$19,678,467$16,958,669$16,213,303$19,977,399
72$21,618,385$17,722,358$16,689,164$21,534,282
73$23,754,056$18,521,349$17,178,846$23,232,003
74$26,105,379$19,357,304$17,682,746$25,084,215
75$28,694,281$20,231,966$18,201,272$27,105,939
76$31,544,926$21,147,161$18,734,843$29,313,694
77$34,683,937$22,104,800$19,283,889$31,725,653
78$38,140,652$23,106,889$19,848,852$34,361,809
79$41,947,398$24,155,527$20,430,189$37,244,157
80$46,139,800$25,252,914$21,028,368$40,396,903
81$50,757,111$26,401,358$21,643,869$43,846,679
82$55,842,585$27,603,273$22,277,187$47,622,797
83$61,443,887$28,861,193$22,928,832$51,757,515
84$67,613,541$30,177,768$23,599,325$56,286,339
85$74,409,425$31,555,781$24,289,205$61,248,351
86$81,895,316$32,998,145$24,999,024$66,686,571
87$90,141,497$34,507,913$25,729,349$72,648,358
88$99,225,413$36,088,284$26,480,766$79,185,849
89$109,232,408$37,742,612$27,253,874$86,356,446
90$120,256,525$39,474,412$28,049,290$94,223,348
91$132,401,397$41,287,365$28,867,649$102,856,141
92$145,781,227$43,185,333$29,709,602$112,331,450
93$160,521,857$45,172,359$30,575,819$122,733,647
94$176,761,967$47,252,685$31,466,989$134,155,646
95$194,654,375$49,430,754$32,383,820$146,699,765
96$214,367,483$51,711,223$33,327,040$160,478,687
97$236,086,866$54,098,973$34,297,396$175,616,510
98$260,017,024$56,599,120$35,295,656$192,249,911
99$286,383,311$59,217,028$36,322,612$210,529,423
100$315,434,063$61,958,316$37,379,073$230,620,845