Can I retire at age 69 with 15,100,000?

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 $15,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,169,771
2 years$617,299$605,802$594,660$583,857$573,379$539,065
3 years$407,445$395,899$384,785$374,083$363,775$330,547
4 years$302,538$291,027$280,025$269,506$259,447$227,559
5 years$239,611$228,169$217,311$207,006$197,228$166,767
6 years$197,673$186,317$175,619$165,545$156,060$127,054
7 years$167,729$156,469$145,940$136,103$126,918$99,369
8 years$145,281$134,123$123,769$114,174$105,291$79,182
9 years$127,831$116,778$106,602$97,251$88,670$63,975
10 years$113,879$102,934$92,938$83,831$75,551$52,238
11 years$102,471$91,636$81,821$72,958$64,977$43,006
12 years$92,972$82,248$72,614$63,994$56,307$35,638
13 years$84,940$74,328$64,876$56,497$49,101$29,687
14 years$78,061$67,562$58,292$50,152$43,042$24,835
15 years$72,105$61,719$52,629$44,727$37,897$20,848
16 years$66,899$56,626$47,716$40,048$33,494$17,551
17 years$62,310$52,150$43,420$35,983$29,698$14,811
18 years$58,235$48,189$39,637$32,428$26,406$12,524
19 years$54,593$44,661$36,286$29,301$23,536$10,607
20 years$51,320$41,502$33,301$26,538$21,023$8,996
21 years$48,362$38,657$30,631$24,085$18,813$7,639
22 years$45,677$36,085$28,231$21,899$16,863$6,493
23 years$43,229$33,750$26,066$19,943$15,138$5,523
24 years$40,988$31,621$24,107$18,190$13,606$4,702
25 years$38,930$29,675$22,328$16,612$12,243$4,005
26 years$37,033$27,890$20,708$15,189$11,028$3,413
27 years$35,280$26,247$19,229$13,903$9,943$2,910
28 years$33,655$24,733$17,876$12,738$8,972$2,482
29 years$32,144$23,333$16,635$11,681$8,101$2,117
30 years$30,737$22,035$15,495$10,720$7,320$1,807
31 years$29,423$20,830$14,445$9,846$6,618$1,542
32 years$28,194$19,710$13,478$9,048$5,986$1,317
33 years$27,042$18,666$12,584$8,321$5,418$1,124
34 years$25,960$17,691$11,758$7,656$4,905$960
35 years$24,942$16,779$10,993$7,048$4,443$820
36 years$23,982$15,926$10,284$6,491$4,025$700
37 years$23,077$15,126$9,625$5,980$3,648$598
38 years$22,221$14,375$9,014$5,512$3,308$511
39 years$21,411$13,669$8,445$5,083$2,999$437
40 years$20,644$13,005$7,915$4,688$2,721$373
41 years$19,916$12,380$7,422$4,325$2,468$319
42 years$19,225$11,790$6,962$3,992$2,240$272
43 years$18,567$11,234$6,533$3,685$2,033$233
44 years$17,941$10,708$6,132$3,402$1,845$199
45 years$17,345$10,211$5,758$3,142$1,675$170
46 years$16,776$9,741$5,408$2,902$1,521$145
47 years$16,233$9,296$5,081$2,681$1,381$124
48 years$15,714$8,874$4,775$2,478$1,254$106
49 years$15,218$8,474$4,488$2,290$1,139$91
50 years$14,743$8,095$4,219$2,117$1,035$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $15,100,000, adding $5,588 every year, while hoping to spend $40,396 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: 88/5/7 Blend
68$15,100,000$15,100,000$15,100,000$15,100,000
69$16,645,964$15,845,664$15,611,614$18,102,572
70$18,300,871$16,579,121$16,091,622$19,785,240
71$20,123,225$17,347,163$16,586,356$21,628,690
72$22,130,063$18,151,442$17,096,268$23,654,046
73$24,340,157$18,993,691$17,621,821$25,879,641
74$26,774,195$19,875,724$18,163,494$28,325,664
75$29,454,972$20,799,443$18,721,780$31,014,358
76$32,407,608$21,766,844$19,297,188$33,970,223
77$35,659,782$22,780,017$19,890,242$37,220,251
78$39,241,995$23,841,153$20,501,480$40,794,173
79$43,187,858$24,952,550$21,131,460$44,724,747
80$47,534,410$26,116,615$21,780,754$49,048,056
81$52,322,464$27,335,874$22,449,953$53,803,858
82$57,596,995$28,612,971$23,139,667$59,035,948
83$63,407,564$29,950,682$23,850,521$64,792,581
84$69,808,785$31,351,915$24,583,163$71,126,918
85$76,860,840$32,819,718$25,338,258$78,097,530
86$84,630,049$34,357,287$26,116,493$85,768,949
87$93,189,493$35,967,974$26,918,575$94,212,273
88$102,619,707$37,655,290$27,745,232$103,505,839
89$113,009,437$39,422,919$28,597,217$113,735,956
90$124,456,479$41,274,721$29,475,303$124,997,722
91$137,068,601$43,214,744$30,380,287$137,395,916
92$150,964,563$45,247,231$31,312,991$151,045,990
93$166,275,234$47,376,631$32,274,262$166,075,151
94$183,144,831$49,607,609$33,264,973$182,623,560
95$201,732,276$51,945,055$34,286,023$200,845,657
96$222,212,702$54,394,095$35,338,337$220,911,615
97$244,779,098$56,960,107$36,422,873$243,008,938
98$269,644,139$59,648,725$37,540,612$267,344,236
99$297,042,187$62,465,859$38,692,568$294,145,170
100$327,231,509$65,417,704$39,879,788$323,662,595