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%16.1%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,205,134
2 years$633,651$621,850$610,413$599,324$588,568$557,674
3 years$418,238$406,386$394,978$383,993$373,411$343,449
4 years$310,552$298,737$287,443$276,645$266,320$237,518
5 years$245,958$234,213$223,067$212,490$202,452$174,892
6 years$202,909$191,253$180,271$169,930$160,194$133,901
7 years$172,172$160,614$149,806$139,709$130,280$105,259
8 years$149,130$137,676$127,048$117,198$108,080$84,319
9 years$131,217$119,871$109,426$99,827$91,019$68,498
10 years$116,896$105,661$95,400$86,052$77,553$56,246
11 years$105,186$94,064$83,989$74,891$66,698$46,574
12 years$95,434$84,426$74,538$65,689$57,799$38,823
13 years$87,190$76,297$66,595$57,994$50,402$32,536
14 years$80,129$69,352$59,836$51,480$44,182$27,388
15 years$74,015$63,354$54,024$45,911$38,901$23,137
16 years$68,671$58,126$48,980$41,109$34,381$19,604
17 years$63,960$53,532$44,570$36,936$30,485$16,652
18 years$59,778$49,466$40,687$33,287$27,106$14,174
19 years$56,040$45,845$37,247$30,077$24,160$12,086
20 years$52,680$42,601$34,183$27,241$21,580$10,321
21 years$49,644$39,681$31,442$24,723$19,312$8,825
22 years$46,887$37,041$28,979$22,479$17,310$7,553
23 years$44,374$34,644$26,757$20,472$15,539$6,471
24 years$42,074$32,459$24,745$18,671$13,966$5,548
25 years$39,961$30,461$22,919$17,052$12,568$4,760
26 years$38,014$28,628$21,256$15,591$11,320$4,086
27 years$36,214$26,943$19,738$14,271$10,206$3,509
28 years$34,546$25,388$18,349$13,075$9,209$3,015
29 years$32,996$23,951$17,076$11,990$8,316$2,591
30 years$31,551$22,619$15,905$11,004$7,514$2,228
31 years$30,203$21,382$14,828$10,106$6,793$1,916
32 years$28,941$20,232$13,835$9,288$6,145$1,648
33 years$27,758$19,160$12,918$8,541$5,561$1,418
34 years$26,647$18,159$12,070$7,859$5,035$1,220
35 years$25,602$17,224$11,284$7,234$4,560$1,050
36 years$24,618$16,348$10,556$6,663$4,132$903
37 years$23,688$15,527$9,880$6,139$3,745$778
38 years$22,810$14,756$9,252$5,658$3,395$669
39 years$21,979$14,031$8,669$5,217$3,079$576
40 years$21,191$13,350$8,125$4,812$2,793$496
41 years$20,444$12,708$7,619$4,440$2,534$427
42 years$19,734$12,102$7,147$4,097$2,299$368
43 years$19,059$11,531$6,706$3,782$2,086$317
44 years$18,416$10,992$6,295$3,492$1,894$273
45 years$17,804$10,482$5,911$3,225$1,719$235
46 years$17,220$9,999$5,551$2,979$1,561$202
47 years$16,663$9,542$5,216$2,752$1,417$174
48 years$16,130$9,109$4,901$2,543$1,287$150
49 years$15,621$8,699$4,607$2,351$1,169$129
50 years$15,133$8,309$4,331$2,173$1,062$111

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 $5,744 every year, while hoping to spend $53,917 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: 77/11/12 Blend
68$15,500,000$15,500,000$15,500,000$15,500,000
69$17,086,925$16,265,425$16,025,175$18,362,728
70$18,772,424$17,005,063$16,504,651$19,943,319
71$20,628,037$17,779,137$16,998,382$21,668,593
72$22,671,058$18,589,277$17,506,790$23,558,877
73$24,920,545$19,437,190$18,030,306$25,630,593
74$27,397,497$20,324,668$18,569,377$27,901,821
75$30,125,051$21,253,587$19,124,461$30,392,470
76$33,128,706$22,225,912$19,696,031$33,124,459
77$36,436,557$23,243,705$20,284,571$36,121,929
78$40,079,564$24,309,125$20,890,582$39,411,459
79$44,091,841$25,424,434$21,514,578$43,022,324
80$48,510,982$26,592,004$22,157,090$46,986,763
81$53,378,411$27,814,321$22,818,661$51,340,279
82$58,739,776$29,093,990$23,499,853$56,121,978
83$64,645,379$30,433,741$24,201,244$61,374,928
84$71,150,648$31,836,435$24,923,426$67,146,569
85$78,316,666$33,305,071$25,667,012$73,489,153
86$86,210,739$34,842,794$26,432,631$80,460,233
87$94,907,041$36,452,896$27,220,930$88,123,208
88$104,487,303$38,138,832$28,032,575$96,547,913
89$115,041,593$39,904,221$28,868,252$105,811,278
90$126,669,164$41,752,856$29,728,667$115,998,046
91$139,479,387$43,688,714$30,614,545$127,201,573
92$153,592,787$45,715,963$31,526,635$139,524,704
93$169,142,178$47,838,973$32,465,704$153,080,736
94$186,273,920$50,062,321$33,432,544$167,994,488
95$205,149,295$52,390,810$34,427,970$184,403,471
96$225,946,035$54,829,472$35,452,818$202,459,180
97$248,859,994$57,383,580$36,507,952$222,328,524
98$274,107,003$60,058,665$37,594,258$244,195,389
99$301,924,900$62,860,522$38,712,648$268,262,376
100$332,575,781$65,795,228$39,864,063$294,752,699