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

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,195,948
2 years$633,651$621,850$610,413$599,324$588,568$548,600
3 years$418,238$406,386$394,978$383,993$373,411$334,774
4 years$310,552$298,737$287,443$276,645$266,320$229,310
5 years$245,958$234,213$223,067$212,490$202,452$167,167
6 years$202,909$191,253$180,271$169,930$160,194$126,663
7 years$172,172$160,614$149,806$139,709$130,280$98,501
8 years$149,130$137,676$127,048$117,198$108,080$78,029
9 years$131,217$119,871$109,426$99,827$91,019$62,661
10 years$116,896$105,661$95,400$86,052$77,553$50,845
11 years$105,186$94,064$83,989$74,891$66,698$41,591
12 years$95,434$84,426$74,538$65,689$57,799$34,237
13 years$87,190$76,297$66,595$57,994$50,402$28,327
14 years$80,129$69,352$59,836$51,480$44,182$23,534
15 years$74,015$63,354$54,024$45,911$38,901$19,617
16 years$68,671$58,126$48,980$41,109$34,381$16,397
17 years$63,960$53,532$44,570$36,936$30,485$13,736
18 years$59,778$49,466$40,687$33,287$27,106$11,528
19 years$56,040$45,845$37,247$30,077$24,160$9,691
20 years$52,680$42,601$34,183$27,241$21,580$8,156
21 years$49,644$39,681$31,442$24,723$19,312$6,872
22 years$46,887$37,041$28,979$22,479$17,310$5,796
23 years$44,374$34,644$26,757$20,472$15,539$4,892
24 years$42,074$32,459$24,745$18,671$13,966$4,131
25 years$39,961$30,461$22,919$17,052$12,568$3,491
26 years$38,014$28,628$21,256$15,591$11,320$2,951
27 years$36,214$26,943$19,738$14,271$10,206$2,496
28 years$34,546$25,388$18,349$13,075$9,209$2,111
29 years$32,996$23,951$17,076$11,990$8,316$1,786
30 years$31,551$22,619$15,905$11,004$7,514$1,512
31 years$30,203$21,382$14,828$10,106$6,793$1,280
32 years$28,941$20,232$13,835$9,288$6,145$1,084
33 years$27,758$19,160$12,918$8,541$5,561$918
34 years$26,647$18,159$12,070$7,859$5,035$777
35 years$25,602$17,224$11,284$7,234$4,560$658
36 years$24,618$16,348$10,556$6,663$4,132$558
37 years$23,688$15,527$9,880$6,139$3,745$472
38 years$22,810$14,756$9,252$5,658$3,395$400
39 years$21,979$14,031$8,669$5,217$3,079$339
40 years$21,191$13,350$8,125$4,812$2,793$287
41 years$20,444$12,708$7,619$4,440$2,534$243
42 years$19,734$12,102$7,147$4,097$2,299$206
43 years$19,059$11,531$6,706$3,782$2,086$175
44 years$18,416$10,992$6,295$3,492$1,894$148
45 years$17,804$10,482$5,911$3,225$1,719$125
46 years$17,220$9,999$5,551$2,979$1,561$106
47 years$16,663$9,542$5,216$2,752$1,417$90
48 years$16,130$9,109$4,901$2,543$1,287$76
49 years$15,621$8,699$4,607$2,351$1,169$65
50 years$15,133$8,309$4,331$2,173$1,062$55

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 $3,379 every year, while hoping to spend $54,579 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: 46/29/25 Blend
68$15,500,000$15,500,000$15,500,000$15,500,000
69$17,084,485$16,262,985$16,022,735$17,747,462
70$18,769,031$17,001,800$16,501,425$18,954,107
71$20,623,572$17,774,987$16,994,322$20,256,901
72$22,665,388$18,584,174$17,501,844$21,669,364
73$24,913,524$19,431,064$18,024,422$23,201,777
74$27,388,961$20,317,445$18,562,498$24,865,437
75$30,114,823$21,245,187$19,116,530$26,672,751
76$33,116,586$22,216,253$19,686,985$28,637,353
77$36,422,326$23,232,697$20,274,347$30,774,223
78$40,062,978$24,296,674$20,879,112$33,099,830
79$44,072,633$25,410,442$21,501,793$35,632,271
80$48,488,854$26,576,366$22,142,916$38,391,446
81$53,353,035$27,796,926$22,803,022$41,399,232
82$58,710,790$29,074,721$23,482,668$44,679,685
83$64,612,382$30,412,473$24,182,429$48,259,263
84$71,113,198$31,813,038$24,902,894$52,167,063
85$78,274,274$33,279,407$25,644,670$56,435,092
86$86,162,867$34,814,714$26,408,384$61,098,560
87$94,853,091$36,422,248$27,194,677$66,196,204
88$104,426,620$38,105,451$28,004,211$71,770,643
89$114,973,451$39,867,934$28,837,669$77,868,775
90$126,592,762$41,713,482$29,695,749$84,542,206
91$139,393,841$43,646,059$30,579,174$91,847,729
92$153,497,121$45,669,825$31,488,685$99,847,853
93$169,035,317$47,789,136$32,425,046$108,611,374
94$186,154,676$50,008,560$33,389,041$118,214,023
95$205,016,359$52,332,886$34,381,480$128,739,159
96$225,797,962$54,767,131$35,403,194$140,278,552
97$248,695,191$57,316,557$36,455,037$152,933,231
98$273,923,711$59,986,679$37,537,892$166,814,427
99$301,721,181$62,783,278$38,652,663$182,044,605
100$332,349,496$65,712,413$39,800,282$198,758,612