Can I retire at age 69 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,176,718
2 years$609,123$597,778$586,784$576,124$565,784$554,271
3 years$402,048$390,655$379,688$369,128$358,957$347,717
4 years$298,531$287,173$276,316$265,936$256,011$245,130
5 years$236,437$225,147$214,432$204,264$194,615$184,126
6 years$195,055$183,849$173,293$163,352$153,993$143,908
7 years$165,507$154,396$144,007$134,301$125,237$115,561
8 years$143,357$132,346$122,130$112,661$103,896$94,629
9 years$126,138$115,231$105,190$95,963$87,496$78,633
10 years$112,371$101,571$91,707$82,721$74,551$66,088
11 years$101,114$90,422$80,738$71,992$64,116$56,047
12 years$91,740$81,158$71,653$63,146$55,562$47,877
13 years$83,815$73,343$64,017$55,749$48,451$41,143
14 years$77,027$66,667$57,519$49,488$42,472$35,530
15 years$71,150$60,902$51,932$44,134$37,395$30,810
16 years$66,013$55,876$47,084$39,517$33,050$26,811
17 years$61,484$51,460$42,845$35,506$29,305$23,399
18 years$57,464$47,551$39,112$31,998$26,056$20,474
19 years$53,870$44,070$35,805$28,913$23,225$17,953
20 years$50,640$40,952$32,860$26,186$20,745$15,773
21 years$47,722$38,145$30,225$23,766$18,564$13,879
22 years$45,072$35,607$27,857$21,609$16,640$12,231
23 years$42,657$33,303$25,721$19,679$14,937$10,791
24 years$40,446$31,202$23,787$17,949$13,426$9,532
25 years$38,415$29,282$22,032$16,392$12,081$8,427
26 years$36,543$27,520$20,434$14,988$10,882$7,456
27 years$34,813$25,900$18,974$13,719$9,811$6,602
28 years$33,209$24,405$17,639$12,569$8,853$5,850
29 years$31,718$23,023$16,415$11,526$7,994$5,186
30 years$30,330$21,743$15,290$10,578$7,223$4,600
31 years$29,034$20,555$14,254$9,715$6,530$4,082
32 years$27,821$19,449$13,299$8,929$5,907$3,624
33 years$26,684$18,418$12,418$8,211$5,346$3,218
34 years$25,616$17,456$11,602$7,554$4,840$2,859
35 years$24,611$16,557$10,847$6,954$4,384$2,540
36 years$23,665$15,715$10,147$6,405$3,972$2,258
37 years$22,771$14,926$9,498$5,901$3,600$2,007
38 years$21,927$14,185$8,894$5,439$3,264$1,784
39 years$21,128$13,488$8,333$5,015$2,960$1,587
40 years$20,371$12,833$7,811$4,626$2,685$1,411
41 years$19,652$12,216$7,324$4,268$2,435$1,255
42 years$18,970$11,634$6,870$3,939$2,210$1,117
43 years$18,321$11,085$6,447$3,636$2,006$994
44 years$17,703$10,566$6,051$3,357$1,821$884
45 years$17,115$10,076$5,682$3,100$1,653$787
46 years$16,553$9,612$5,337$2,864$1,501$700
47 years$16,018$9,173$5,014$2,646$1,363$623
48 years$15,506$8,757$4,711$2,445$1,237$555
49 years$15,016$8,362$4,428$2,260$1,124$494
50 years$14,548$7,988$4,163$2,089$1,021$439

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $14,900,000, adding $4,385 every year, while hoping to spend $25,872 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: 41/31/28 Blend
68$14,900,000$14,900,000$14,900,000$14,900,000
69$16,424,323$15,634,623$15,403,673$16,962,275
70$18,072,076$16,373,192$15,892,169$18,090,427
71$19,887,034$17,147,084$16,396,161$19,308,026
72$21,886,222$17,958,002$16,916,144$20,625,533
73$24,088,405$18,807,732$17,452,623$22,052,155
74$26,514,259$19,698,147$18,006,122$23,597,993
75$29,186,568$20,631,212$18,577,182$25,274,138
76$32,130,440$21,608,983$19,166,360$27,092,763
77$35,373,543$22,633,621$19,774,231$29,067,239
78$38,946,365$23,707,389$20,401,388$31,212,248
79$42,882,503$24,832,661$21,048,444$33,543,920
80$47,218,981$26,011,924$21,716,030$36,079,974
81$51,996,598$27,247,789$22,404,797$38,839,882
82$57,260,312$28,542,991$23,115,419$41,845,041
83$63,059,666$29,900,400$23,848,588$45,118,969
84$69,449,257$31,323,025$24,605,021$48,687,520
85$76,489,248$32,814,020$25,385,455$52,579,116
86$84,245,937$34,376,692$26,190,654$56,825,009
87$92,792,384$36,014,511$27,021,402$61,459,563
88$102,209,099$37,731,115$27,878,511$66,520,574
89$112,584,804$39,530,316$28,762,818$72,049,609
90$124,017,268$41,416,116$29,675,187$78,092,392
91$136,614,231$43,392,707$30,616,507$84,699,226
92$150,494,420$45,464,488$31,587,698$91,925,449
93$165,788,674$47,636,070$32,589,709$99,831,952
94$182,641,172$49,912,291$33,623,517$108,485,733
95$201,210,799$52,298,221$34,690,133$117,960,521
96$221,672,646$54,799,179$35,790,597$128,337,456
97$244,219,658$57,420,741$36,925,985$139,705,841
98$269,064,463$60,168,757$38,097,405$152,163,966
99$296,441,371$63,049,359$39,306,001$165,820,024
100$326,608,593$66,068,979$40,552,954$180,793,113