Can I retire at age 69 with 15,300,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $15,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,187,179
2 years$625,475$613,826$602,537$591,591$580,973$548,097
3 years$412,841$401,142$389,881$379,038$368,593$336,735
4 years$306,545$294,882$283,734$273,075$262,884$232,288
5 years$242,784$231,191$220,189$209,748$199,840$170,592
6 years$200,291$188,785$177,945$167,737$158,127$130,253
7 years$169,950$158,541$147,873$137,906$128,599$102,102
8 years$147,205$135,899$125,408$115,686$106,686$81,551
9 years$129,524$118,325$108,014$98,539$89,845$66,049
10 years$115,387$104,297$94,169$84,941$76,552$54,066
11 years$103,829$92,850$82,905$73,924$65,837$44,626
12 years$94,203$83,337$73,576$64,842$57,053$37,077
13 years$86,065$75,312$65,735$57,245$49,752$30,969
14 years$79,095$68,457$59,064$50,816$43,612$25,979
15 years$73,060$62,537$53,326$45,319$38,399$21,870
16 years$67,785$57,376$48,348$40,578$33,937$18,465
17 years$63,135$52,841$43,995$36,459$30,091$15,628
18 years$59,006$48,828$40,162$32,857$26,756$13,253
19 years$55,316$45,253$36,766$29,689$23,848$11,258
20 years$52,000$42,051$33,742$26,889$21,302$9,578
21 years$49,003$39,169$31,036$24,404$19,062$8,158
22 years$46,282$36,563$28,605$22,189$17,087$6,955
23 years$43,802$34,197$26,411$20,208$15,338$5,935
24 years$41,531$32,040$24,426$18,431$13,786$5,069
25 years$39,446$30,068$22,623$16,832$12,405$4,331
26 years$37,524$28,259$20,982$15,390$11,174$3,703
27 years$35,747$26,595$19,484$14,087$10,075$3,167
28 years$34,100$25,060$18,113$12,907$9,091$2,710
29 years$32,570$23,642$16,855$11,836$8,209$2,320
30 years$31,144$22,327$15,700$10,862$7,417$1,986
31 years$29,813$21,106$14,637$9,976$6,706$1,701
32 years$28,568$19,971$13,656$9,168$6,066$1,457
33 years$27,400$18,913$12,751$8,431$5,489$1,248
34 years$26,304$17,925$11,914$7,757$4,970$1,070
35 years$25,272$17,002$11,139$7,141$4,502$917
36 years$24,300$16,137$10,420$6,577$4,079$786
37 years$23,383$15,326$9,753$6,060$3,697$673
38 years$22,516$14,566$9,133$5,585$3,351$577
39 years$21,695$13,850$8,557$5,150$3,039$495
40 years$20,918$13,178$8,020$4,750$2,757$424
41 years$20,180$12,544$7,520$4,382$2,501$364
42 years$19,479$11,946$7,054$4,044$2,269$312
43 years$18,813$11,382$6,620$3,734$2,059$267
44 years$18,179$10,850$6,214$3,447$1,869$229
45 years$17,574$10,346$5,834$3,184$1,697$197
46 years$16,998$9,870$5,480$2,941$1,541$169
47 years$16,448$9,419$5,148$2,717$1,399$145
48 years$15,922$8,992$4,838$2,511$1,271$124
49 years$15,419$8,587$4,547$2,320$1,154$106
50 years$14,938$8,202$4,275$2,145$1,048$91

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $15,300,000, adding $3,103 every year, while hoping to spend $54,867 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: 88/6/6 Blend
68$15,300,000$15,300,000$15,300,000$15,300,000
69$16,863,801$16,052,901$15,815,751$18,344,641
70$18,525,530$16,781,115$16,287,200$20,037,020
71$20,354,917$17,543,172$16,772,605$21,889,324
72$22,369,005$18,340,674$17,272,373$23,923,871
73$24,586,573$19,175,297$17,786,927$26,159,004
74$27,028,315$20,048,798$18,316,701$28,614,928
75$29,717,033$20,963,018$18,862,140$31,313,900
76$32,677,853$21,919,889$19,423,704$34,280,436
77$35,938,461$22,921,430$20,001,865$37,541,542
78$39,529,366$23,969,763$20,597,110$41,126,968
79$43,484,187$25,067,107$21,209,939$45,069,487
80$47,839,969$26,215,790$21,840,866$49,405,202
81$52,637,533$27,418,251$22,490,422$54,173,887
82$57,921,862$28,677,045$23,159,152$59,419,359
83$63,742,525$29,994,853$23,847,616$65,189,892
84$70,154,143$31,374,482$24,556,392$71,538,668
85$77,216,907$32,818,873$25,286,073$78,524,281
86$84,997,145$34,331,111$26,037,270$86,211,284
87$93,567,947$35,914,429$26,810,611$94,670,800
88$103,009,855$37,572,213$27,606,744$103,981,189
89$113,411,624$39,308,015$28,426,334$114,228,787
90$124,871,058$41,125,557$29,270,065$125,508,718
91$137,495,936$43,028,739$30,138,642$137,925,789
92$151,405,024$45,021,650$31,032,789$151,595,480
93$166,729,200$47,108,575$31,953,251$166,645,027
94$183,612,690$49,294,006$32,900,797$183,214,624
95$202,214,425$51,582,653$33,876,214$201,458,742
96$222,709,544$53,979,451$34,880,315$221,547,586
97$245,291,046$56,489,573$35,913,934$243,668,695
98$270,171,613$59,118,442$36,977,932$268,028,716
99$297,585,616$61,871,744$38,073,190$294,855,344
100$327,791,327$64,755,437$39,200,620$324,399,474