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

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,233,741
2 years$641,827$629,874$618,289$607,057$596,162$577,864
3 years$423,635$411,630$400,074$388,947$378,230$360,403
4 years$314,560$302,591$291,151$280,215$269,757$252,538
5 years$249,132$237,235$225,945$215,232$205,065$188,505
6 years$205,527$193,720$182,598$172,122$162,261$146,378
7 years$174,394$162,686$151,739$141,511$131,961$116,762
8 years$151,054$139,452$128,687$118,710$109,475$94,956
9 years$132,910$121,418$110,838$101,115$92,194$78,349
10 years$118,404$107,024$96,631$87,162$78,553$65,372
11 years$106,543$95,277$85,073$75,857$67,559$55,028
12 years$96,666$85,516$75,500$66,537$58,545$46,649
13 years$88,315$77,281$67,454$58,742$51,052$39,776
14 years$81,163$70,247$60,608$52,145$44,752$34,077
15 years$74,970$64,171$54,721$46,504$39,403$29,310
16 years$69,557$58,876$49,612$41,639$34,825$25,295
17 years$64,785$54,223$45,145$37,412$30,878$21,891
18 years$60,549$50,104$41,212$33,716$27,455$18,990
19 years$56,763$46,436$37,727$30,465$24,472$16,507
20 years$53,359$43,151$34,624$27,592$21,858$14,374
21 years$50,284$40,193$31,848$25,042$19,561$12,536
22 years$47,492$37,519$29,353$22,769$17,533$10,947
23 years$44,947$35,091$27,102$20,736$15,739$9,570
24 years$42,617$32,878$25,065$18,912$14,147$8,375
25 years$40,477$30,854$23,215$17,272$12,730$7,335
26 years$38,505$28,998$21,531$15,792$11,467$6,429
27 years$36,682$27,290$19,993$14,455$10,338$5,638
28 years$34,992$25,716$18,586$13,244$9,328$4,948
29 years$33,421$24,260$17,296$12,145$8,423$4,344
30 years$31,958$22,911$16,111$11,146$7,611$3,815
31 years$30,592$21,658$15,019$10,237$6,881$3,352
32 years$29,314$20,493$14,013$9,408$6,224$2,946
33 years$28,116$19,407$13,084$8,651$5,633$2,591
34 years$26,991$18,394$12,225$7,960$5,100$2,278
35 years$25,933$17,446$11,430$7,328$4,619$2,004
36 years$24,935$16,559$10,692$6,749$4,185$1,763
37 years$23,994$15,727$10,008$6,218$3,793$1,551
38 years$23,104$14,946$9,372$5,731$3,439$1,365
39 years$22,262$14,213$8,780$5,284$3,119$1,202
40 years$21,464$13,522$8,230$4,874$2,829$1,058
41 years$20,707$12,872$7,717$4,497$2,566$931
42 years$19,988$12,259$7,239$4,150$2,329$820
43 years$19,305$11,680$6,793$3,831$2,113$722
44 years$18,654$11,133$6,376$3,537$1,918$636
45 years$18,034$10,617$5,987$3,267$1,741$560
46 years$17,442$10,128$5,623$3,018$1,581$493
47 years$16,878$9,665$5,283$2,788$1,436$434
48 years$16,338$9,227$4,964$2,576$1,304$383
49 years$15,822$8,811$4,666$2,381$1,184$337
50 years$15,329$8,417$4,387$2,201$1,076$297

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 $4,313 every year, while hoping to spend $21,398 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: 81/6/13 Blend
68$15,700,000$15,700,000$15,700,000$15,700,000
69$17,305,849$16,473,749$16,230,399$18,664,640
70$19,048,278$17,258,195$16,751,350$20,341,780
71$20,967,718$18,080,362$17,289,036$22,179,162
72$23,082,201$18,942,076$17,843,994$24,195,456
73$25,411,598$19,845,250$18,416,781$26,408,594
74$27,977,807$20,791,893$19,007,968$28,838,325
75$30,804,957$21,784,110$19,618,149$31,506,399
76$33,919,639$22,824,107$20,247,933$34,436,774
77$37,351,154$23,914,201$20,897,951$37,655,835
78$41,131,793$25,056,818$21,568,854$41,192,644
79$45,297,138$26,254,504$22,261,313$45,079,215
80$49,886,401$27,509,929$22,976,021$49,350,809
81$54,942,790$28,825,892$23,713,694$54,046,267
82$60,513,922$30,205,328$24,475,070$59,208,378
83$66,652,269$31,651,316$25,260,912$64,884,275
84$73,415,654$33,167,084$26,072,006$71,125,882
85$80,867,797$34,756,018$26,909,165$77,990,397
86$89,078,916$36,421,667$27,773,226$85,540,836
87$98,126,392$38,167,755$28,665,056$93,846,621
88$108,095,496$39,998,187$29,585,547$102,984,231
89$119,080,195$41,917,056$30,535,621$113,037,927
90$131,184,040$43,928,657$31,516,229$124,100,537
91$144,521,144$46,037,493$32,528,355$136,274,337
92$159,217,257$48,248,286$33,573,011$149,672,007
93$175,410,954$50,565,990$34,651,244$164,417,695
94$193,254,945$52,995,797$35,764,134$180,648,184
95$212,917,514$55,543,155$36,912,797$198,514,181
96$234,584,107$58,213,777$38,098,383$218,181,734
97$258,459,087$61,013,652$39,322,079$239,833,797
98$284,767,657$63,949,065$40,585,112$263,671,951
99$313,757,993$67,026,604$41,888,748$289,918,309
100$345,703,580$70,253,179$43,234,293$318,817,599