Can I retire at age 69 with 15,500,000?

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,207,584
2 years$633,651$621,850$610,413$599,324$588,568$560,104
3 years$418,238$406,386$394,978$383,993$373,411$345,781
4 years$310,552$298,737$287,443$276,645$266,320$239,736
5 years$245,958$234,213$223,067$212,490$202,452$176,989
6 years$202,909$191,253$180,271$169,930$160,194$135,877
7 years$172,172$160,614$149,806$139,709$130,280$107,115
8 years$149,130$137,676$127,048$117,198$108,080$86,057
9 years$131,217$119,871$109,426$99,827$91,019$70,121
10 years$116,896$105,661$95,400$86,052$77,553$57,757
11 years$105,186$94,064$83,989$74,891$66,698$47,978
12 years$95,434$84,426$74,538$65,689$57,799$40,124
13 years$87,190$76,297$66,595$57,994$50,402$33,740
14 years$80,129$69,352$59,836$51,480$44,182$28,498
15 years$74,015$63,354$54,024$45,911$38,901$24,159
16 years$68,671$58,126$48,980$41,109$34,381$20,543
17 years$63,960$53,532$44,570$36,936$30,485$17,513
18 years$59,778$49,466$40,687$33,287$27,106$14,962
19 years$56,040$45,845$37,247$30,077$24,160$12,806
20 years$52,680$42,601$34,183$27,241$21,580$10,977
21 years$49,644$39,681$31,442$24,723$19,312$9,422
22 years$46,887$37,041$28,979$22,479$17,310$8,095
23 years$44,374$34,644$26,757$20,472$15,539$6,963
24 years$42,074$32,459$24,745$18,671$13,966$5,993
25 years$39,961$30,461$22,919$17,052$12,568$5,162
26 years$38,014$28,628$21,256$15,591$11,320$4,449
27 years$36,214$26,943$19,738$14,271$10,206$3,837
28 years$34,546$25,388$18,349$13,075$9,209$3,310
29 years$32,996$23,951$17,076$11,990$8,316$2,856
30 years$31,551$22,619$15,905$11,004$7,514$2,466
31 years$30,203$21,382$14,828$10,106$6,793$2,129
32 years$28,941$20,232$13,835$9,288$6,145$1,839
33 years$27,758$19,160$12,918$8,541$5,561$1,589
34 years$26,647$18,159$12,070$7,859$5,035$1,373
35 years$25,602$17,224$11,284$7,234$4,560$1,186
36 years$24,618$16,348$10,556$6,663$4,132$1,025
37 years$23,688$15,527$9,880$6,139$3,745$886
38 years$22,810$14,756$9,252$5,658$3,395$766
39 years$21,979$14,031$8,669$5,217$3,079$663
40 years$21,191$13,350$8,125$4,812$2,793$573
41 years$20,444$12,708$7,619$4,440$2,534$495
42 years$19,734$12,102$7,147$4,097$2,299$428
43 years$19,059$11,531$6,706$3,782$2,086$370
44 years$18,416$10,992$6,295$3,492$1,894$320
45 years$17,804$10,482$5,911$3,225$1,719$277
46 years$17,220$9,999$5,551$2,979$1,561$240
47 years$16,663$9,542$5,216$2,752$1,417$207
48 years$16,130$9,109$4,901$2,543$1,287$179
49 years$15,621$8,699$4,607$2,351$1,169$155
50 years$15,133$8,309$4,331$2,173$1,062$134

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $15,500,000, adding $3,724 every year, while hoping to spend $36,071 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: 56/14/30 Blend
68$15,500,000$15,500,000$15,500,000$15,500,000
69$17,084,841$16,263,341$16,023,091$17,899,507
70$18,789,116$17,021,866$16,521,486$19,220,298
71$20,666,017$17,816,349$17,035,367$20,654,668
72$22,733,116$18,648,515$17,565,217$22,216,900
73$25,009,772$19,520,171$18,111,530$23,919,361
74$27,517,321$20,433,210$18,674,818$25,775,654
75$30,279,270$21,389,621$19,255,607$27,800,742
76$33,321,527$22,391,483$19,854,441$30,011,086
77$36,672,638$23,440,981$20,471,880$32,424,797
78$40,364,060$24,540,402$21,108,501$35,061,804
79$44,430,458$25,692,146$21,764,899$37,944,036
80$48,910,030$26,898,726$22,441,689$41,095,625
81$53,844,870$28,162,781$23,139,502$44,543,131
82$59,281,363$29,487,073$23,858,992$48,315,789
83$65,270,624$30,874,502$24,600,831$52,445,777
84$71,868,981$32,328,106$25,365,712$56,968,516
85$79,138,504$33,851,070$26,154,350$61,923,002
86$87,147,593$35,446,734$26,967,482$67,352,165
87$95,971,624$37,118,600$27,805,869$73,303,269
88$105,693,657$38,870,339$28,670,293$79,828,357
89$116,405,225$40,705,801$29,561,563$86,984,731
90$128,207,193$42,629,020$30,480,511$94,835,487
91$141,210,715$44,644,230$31,427,996$103,450,108
92$155,538,277$46,755,866$32,404,903$112,905,109
93$171,324,858$48,968,581$33,412,144$123,284,756
94$188,719,203$51,287,251$34,450,661$134,681,849
95$207,885,227$53,716,991$35,521,423$147,198,595
96$229,003,560$56,263,164$36,625,430$160,947,564
97$252,273,256$58,931,391$37,763,714$176,052,739
98$277,913,667$61,727,569$38,937,338$192,650,685
99$306,166,519$64,657,878$40,147,397$210,891,823
100$337,298,190$67,728,800$41,395,021$230,941,841