Can I retire at age 69 with 15,200,000?

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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,188,569
2 years$621,387$609,814$598,598$587,724$577,176$553,595
3 years$410,143$398,520$387,333$376,560$366,184$343,258
4 years$304,542$292,955$281,879$271,291$261,166$239,071
5 years$241,198$229,680$218,750$208,377$198,534$177,334
6 years$198,982$187,551$176,782$166,641$157,093$136,811
7 years$168,840$157,505$146,907$137,005$127,759$108,399
8 years$146,243$135,011$124,589$114,930$105,988$87,545
9 years$128,678$117,551$107,308$97,895$89,257$71,720
10 years$114,633$103,616$93,554$84,386$76,052$59,403
11 years$103,150$92,243$82,363$73,441$65,407$49,628
12 years$93,587$82,792$73,095$64,418$56,680$41,748
13 years$85,502$74,820$65,306$56,871$49,426$35,316
14 years$78,578$68,009$58,678$50,484$43,327$30,012
15 years$72,583$62,128$52,978$45,023$38,148$25,602
16 years$67,342$57,001$48,032$40,313$33,716$21,910
17 years$62,722$52,496$43,707$36,221$29,895$18,799
18 years$58,621$48,509$39,899$32,642$26,581$16,167
19 years$54,955$44,957$36,526$29,495$23,692$13,930
20 years$51,660$41,776$33,522$26,714$21,162$12,022
21 years$48,683$38,913$30,833$24,244$18,938$10,390
22 years$45,980$36,324$28,418$22,044$16,975$8,990
23 years$43,515$33,973$26,239$20,076$15,238$7,786
24 years$41,260$31,831$24,266$18,310$13,696$6,750
25 years$39,188$29,871$22,476$16,722$12,324$5,856
26 years$37,279$28,074$20,845$15,290$11,101$5,083
27 years$35,514$26,421$19,356$13,995$10,009$4,415
28 years$33,877$24,897$17,994$12,822$9,031$3,837
29 years$32,357$23,487$16,745$11,758$8,155$3,336
30 years$30,941$22,181$15,598$10,791$7,368$2,901
31 years$29,618$20,968$14,541$9,911$6,662$2,524
32 years$28,381$19,840$13,567$9,108$6,026$2,197
33 years$27,221$18,789$12,668$8,376$5,454$1,912
34 years$26,132$17,808$11,836$7,707$4,938$1,665
35 years$25,107$16,890$11,066$7,094$4,472$1,449
36 years$24,141$16,032$10,352$6,534$4,052$1,262
37 years$23,230$15,226$9,689$6,020$3,672$1,100
38 years$22,368$14,470$9,073$5,549$3,329$958
39 years$21,553$13,760$8,501$5,116$3,019$835
40 years$20,781$13,091$7,968$4,719$2,739$727
41 years$20,048$12,462$7,471$4,354$2,485$634
42 years$19,352$11,868$7,008$4,018$2,254$552
43 years$18,690$11,308$6,576$3,709$2,046$481
44 years$18,060$10,779$6,173$3,425$1,857$419
45 years$17,459$10,279$5,796$3,163$1,686$366
46 years$16,887$9,805$5,444$2,922$1,531$319
47 years$16,340$9,357$5,115$2,699$1,390$278
48 years$15,818$8,933$4,806$2,494$1,262$242
49 years$15,318$8,530$4,518$2,305$1,147$211
50 years$14,841$8,149$4,247$2,131$1,041$184

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $15,200,000, adding $3,296 every year, while hoping to spend $30,493 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: 72/23/5 Blend
68$15,200,000$15,200,000$15,200,000$15,200,000
69$16,753,800$15,948,200$15,712,600$17,952,612
70$18,430,243$16,697,217$16,206,528$19,492,105
71$20,276,662$17,481,915$16,715,980$21,172,865
72$22,310,361$18,304,008$17,241,445$23,012,074
73$24,550,409$19,165,296$17,783,425$25,025,322
74$27,017,822$20,067,666$18,342,441$27,229,765
75$29,735,753$21,013,096$18,919,026$29,644,279
76$32,729,720$22,003,657$19,513,733$32,289,639
77$36,027,840$23,041,526$20,127,132$35,188,710
78$39,661,099$24,128,980$20,759,810$38,366,657
79$43,663,641$25,268,409$21,412,373$41,851,178
80$48,073,090$26,462,319$22,085,446$45,672,764
81$52,930,910$27,713,338$22,779,674$49,864,980
82$58,282,791$29,024,219$23,495,720$54,464,778
83$64,179,080$30,397,850$24,234,271$59,512,839
84$70,675,261$31,837,259$24,996,034$65,053,951
85$77,832,475$33,345,622$25,781,739$71,137,431
86$85,718,097$34,926,268$26,592,137$77,817,580
87$94,406,374$36,582,686$27,428,005$85,154,189
88$103,979,124$38,318,538$28,290,143$93,213,101
89$114,526,509$40,137,660$29,179,376$102,066,823
90$126,147,884$42,044,076$30,096,556$111,795,202
91$138,952,739$44,042,007$31,042,562$122,486,176
92$153,061,729$46,135,876$32,018,299$134,236,592
93$168,607,815$48,330,323$33,024,701$147,153,113
94$185,737,515$50,630,212$34,062,731$161,353,217
95$204,612,293$53,040,645$35,133,385$176,966,298
96$225,410,080$55,566,969$36,237,686$194,134,876
97$248,326,952$58,214,794$37,376,692$213,015,936
98$273,578,984$60,990,002$38,551,494$233,782,394
99$301,404,287$63,898,759$39,763,216$256,624,725
100$332,065,259$66,947,533$41,013,019$281,752,745