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

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 $15,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,176,755
2 years$625,475$613,826$602,537$591,591$580,973$537,822
3 years$412,841$401,142$389,881$379,038$368,593$326,936
4 years$306,545$294,882$283,734$273,075$262,884$223,038
5 years$242,784$231,191$220,189$209,748$199,840$161,911
6 years$200,291$188,785$177,945$167,737$158,127$122,143
7 years$169,950$158,541$147,873$137,906$128,599$94,552
8 years$147,205$135,899$125,408$115,686$106,686$74,548
9 years$129,524$118,325$108,014$98,539$89,845$59,574
10 years$115,387$104,297$94,169$84,941$76,552$48,097
11 years$103,829$92,850$82,905$73,924$65,837$39,139
12 years$94,203$83,337$73,576$64,842$57,053$32,048
13 years$86,065$75,312$65,735$57,245$49,752$26,372
14 years$79,095$68,457$59,064$50,816$43,612$21,787
15 years$73,060$62,537$53,326$45,319$38,399$18,058
16 years$67,785$57,376$48,348$40,578$33,937$15,007
17 years$63,135$52,841$43,995$36,459$30,091$12,498
18 years$59,006$48,828$40,162$32,857$26,756$10,427
19 years$55,316$45,253$36,766$29,689$23,848$8,712
20 years$52,000$42,051$33,742$26,889$21,302$7,288
21 years$49,003$39,169$31,036$24,404$19,062$6,103
22 years$46,282$36,563$28,605$22,189$17,087$5,115
23 years$43,802$34,197$26,411$20,208$15,338$4,289
24 years$41,531$32,040$24,426$18,431$13,786$3,600
25 years$39,446$30,068$22,623$16,832$12,405$3,022
26 years$37,524$28,259$20,982$15,390$11,174$2,538
27 years$35,747$26,595$19,484$14,087$10,075$2,133
28 years$34,100$25,060$18,113$12,907$9,091$1,793
29 years$32,570$23,642$16,855$11,836$8,209$1,507
30 years$31,144$22,327$15,700$10,862$7,417$1,267
31 years$29,813$21,106$14,637$9,976$6,706$1,066
32 years$28,568$19,971$13,656$9,168$6,066$896
33 years$27,400$18,913$12,751$8,431$5,489$754
34 years$26,304$17,925$11,914$7,757$4,970$634
35 years$25,272$17,002$11,139$7,141$4,502$534
36 years$24,300$16,137$10,420$6,577$4,079$449
37 years$23,383$15,326$9,753$6,060$3,697$378
38 years$22,516$14,566$9,133$5,585$3,351$318
39 years$21,695$13,850$8,557$5,150$3,039$268
40 years$20,918$13,178$8,020$4,750$2,757$225
41 years$20,180$12,544$7,520$4,382$2,501$190
42 years$19,479$11,946$7,054$4,044$2,269$160
43 years$18,813$11,382$6,620$3,734$2,059$134
44 years$18,179$10,850$6,214$3,447$1,869$113
45 years$17,574$10,346$5,834$3,184$1,697$95
46 years$16,998$9,870$5,480$2,941$1,541$80
47 years$16,448$9,419$5,148$2,717$1,399$67
48 years$15,922$8,992$4,838$2,511$1,271$57
49 years$15,419$8,587$4,547$2,320$1,154$48
50 years$14,938$8,202$4,275$2,145$1,048$40

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 $2,238 every year, while hoping to spend $58,737 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: 42/50/8 Blend
68$15,300,000$15,300,000$15,300,000$15,300,000
69$16,862,908$16,052,008$15,814,858$17,531,518
70$18,520,429$16,776,061$16,282,161$18,721,625
71$20,345,049$17,533,624$16,763,149$20,003,379
72$22,353,749$18,326,276$17,258,219$21,389,907
73$24,565,242$19,155,674$17,767,780$22,890,770
74$27,000,146$20,023,552$18,292,250$24,516,458
75$29,681,183$20,931,728$18,832,062$26,278,475
76$32,633,386$21,882,105$19,387,659$28,189,443
77$35,884,342$22,876,679$19,959,496$30,263,215
78$39,464,450$23,917,542$20,548,045$32,514,997
79$43,407,206$25,006,883$21,153,786$34,961,482
80$47,749,521$26,147,001$21,777,218$37,620,998
81$52,532,068$27,340,299$22,418,850$40,513,675
82$57,799,665$28,589,300$23,079,208$43,661,623
83$63,601,701$29,896,646$23,758,832$47,089,131
84$69,992,599$31,265,105$24,458,277$50,822,888
85$77,032,329$32,697,581$25,178,114$54,892,218
86$84,786,976$34,197,112$25,918,931$59,329,354
87$93,329,365$35,766,888$26,681,332$64,169,722
88$102,739,741$37,410,246$27,465,938$69,452,267
89$113,106,536$39,130,690$28,273,388$75,219,808
90$124,527,195$40,931,886$29,104,339$81,519,425
91$137,109,101$42,817,680$29,959,466$88,402,891
92$150,970,585$44,792,102$30,839,464$95,927,147
93$166,242,046$46,859,376$31,745,047$104,154,822
94$183,067,178$49,023,929$32,676,950$113,154,805
95$201,604,330$51,290,401$33,635,927$123,002,884
96$222,027,996$53,663,656$34,622,756$133,782,436
97$244,530,468$56,148,791$35,638,234$145,585,202
98$269,323,643$58,751,150$36,683,182$158,512,127
99$296,641,031$61,476,332$37,758,445$172,674,296
100$326,739,954$64,330,210$38,864,891$188,193,960