Can I retire at age 69 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,228,170
2 years$641,827$629,874$618,289$607,057$596,162$572,307
3 years$423,635$411,630$400,074$388,947$378,230$355,033
4 years$314,560$302,591$291,151$280,215$269,757$247,397
5 years$249,132$237,235$225,945$215,232$205,065$183,606
6 years$205,527$193,720$182,598$172,122$162,261$141,726
7 years$174,394$162,686$151,739$141,511$131,961$112,357
8 years$151,054$139,452$128,687$118,710$109,475$90,794
9 years$132,910$121,418$110,838$101,115$92,194$74,426
10 years$118,404$107,024$96,631$87,162$78,553$61,683
11 years$106,543$95,277$85,073$75,857$67,559$51,564
12 years$96,666$85,516$75,500$66,537$58,545$43,405
13 years$88,315$77,281$67,454$58,742$51,052$36,742
14 years$81,163$70,247$60,608$52,145$44,752$31,246
15 years$74,970$64,171$54,721$46,504$39,403$26,673
16 years$69,557$58,876$49,612$41,639$34,825$22,842
17 years$64,785$54,223$45,145$37,412$30,878$19,613
18 years$60,549$50,104$41,212$33,716$27,455$16,879
19 years$56,763$46,436$37,727$30,465$24,472$14,554
20 years$53,359$43,151$34,624$27,592$21,858$12,570
21 years$50,284$40,193$31,848$25,042$19,561$10,872
22 years$47,492$37,519$29,353$22,769$17,533$9,414
23 years$44,947$35,091$27,102$20,736$15,739$8,160
24 years$42,617$32,878$25,065$18,912$14,147$7,079
25 years$40,477$30,854$23,215$17,272$12,730$6,147
26 years$38,505$28,998$21,531$15,792$11,467$5,340
27 years$36,682$27,290$19,993$14,455$10,338$4,642
28 years$34,992$25,716$18,586$13,244$9,328$4,037
29 years$33,421$24,260$17,296$12,145$8,423$3,513
30 years$31,958$22,911$16,111$11,146$7,611$3,058
31 years$30,592$21,658$15,019$10,237$6,881$2,662
32 years$29,314$20,493$14,013$9,408$6,224$2,319
33 years$28,116$19,407$13,084$8,651$5,633$2,020
34 years$26,991$18,394$12,225$7,960$5,100$1,760
35 years$25,933$17,446$11,430$7,328$4,619$1,534
36 years$24,935$16,559$10,692$6,749$4,185$1,337
37 years$23,994$15,727$10,008$6,218$3,793$1,166
38 years$23,104$14,946$9,372$5,731$3,439$1,016
39 years$22,262$14,213$8,780$5,284$3,119$886
40 years$21,464$13,522$8,230$4,874$2,829$773
41 years$20,707$12,872$7,717$4,497$2,566$674
42 years$19,988$12,259$7,239$4,150$2,329$588
43 years$19,305$11,680$6,793$3,831$2,113$513
44 years$18,654$11,133$6,376$3,537$1,918$447
45 years$18,034$10,617$5,987$3,267$1,741$390
46 years$17,442$10,128$5,623$3,018$1,581$340
47 years$16,878$9,665$5,283$2,788$1,436$297
48 years$16,338$9,227$4,964$2,576$1,304$259
49 years$15,822$8,811$4,666$2,381$1,184$226
50 years$15,329$8,417$4,387$2,201$1,076$197

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $15,700,000, adding $3,035 every year, while hoping to spend $20,487 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: 50/25/25 Blend
68$15,700,000$15,700,000$15,700,000$15,700,000
69$17,304,531$16,472,431$16,229,081$18,047,656
70$19,047,795$17,257,782$16,750,957$19,350,778
71$20,968,185$18,080,928$17,289,629$20,764,012
72$23,083,747$18,943,701$17,845,639$22,299,658
73$25,414,366$19,848,019$18,419,544$23,969,322
74$27,981,954$20,795,895$19,011,922$25,785,753
75$30,810,659$21,789,439$19,623,367$27,762,964
76$33,927,090$22,830,865$20,254,493$29,916,356
77$37,360,570$23,922,494$20,905,936$32,262,859
78$41,143,412$25,066,760$21,578,348$34,821,084
79$45,311,223$26,266,215$22,272,406$37,611,496
80$49,903,244$27,523,536$22,988,808$40,656,597
81$54,962,714$28,841,528$23,728,273$43,981,135
82$60,537,285$30,223,137$24,491,543$47,612,329
83$66,679,465$31,671,448$25,279,388$51,580,121
84$73,447,121$33,189,699$26,092,597$55,917,447
85$80,904,017$34,781,284$26,931,989$60,660,544
86$89,120,423$36,449,764$27,798,407$65,849,282
87$98,173,775$38,198,871$28,692,723$71,527,531
88$108,149,406$40,032,521$29,615,834$77,743,571
89$119,141,351$41,954,820$30,568,670$84,550,530
90$131,253,236$43,970,074$31,552,188$92,006,885
91$144,599,257$46,082,798$32,567,377$100,176,995
92$159,305,255$48,297,730$33,615,259$109,131,706
93$175,509,907$50,619,834$34,696,885$118,949,004
94$193,366,031$53,054,320$35,813,345$129,714,738
95$213,042,035$55,606,650$36,965,761$141,523,424
96$234,723,501$58,282,554$38,155,292$154,479,119
97$258,614,938$61,088,039$39,383,134$168,696,393
98$284,941,715$64,029,407$40,650,523$184,301,396
99$313,952,187$67,113,265$41,958,732$201,433,034
100$345,920,040$70,346,544$43,309,079$220,244,265