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%12.8%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,237,322
2 years$641,827$629,874$618,289$607,057$596,162$581,448
3 years$423,635$411,630$400,074$388,947$378,230$363,877
4 years$314,560$302,591$291,151$280,215$269,757$255,876
5 years$249,132$237,235$225,945$215,232$205,065$191,696
6 years$205,527$193,720$182,598$172,122$162,261$149,421
7 years$174,394$162,686$151,739$141,511$131,961$119,655
8 years$151,054$139,452$128,687$118,710$109,475$97,701
9 years$132,910$121,418$110,838$101,115$92,194$80,948
10 years$118,404$107,024$96,631$87,162$78,553$67,829
11 years$106,543$95,277$85,073$75,857$67,559$57,345
12 years$96,666$85,516$75,500$66,537$58,545$48,831
13 years$88,315$77,281$67,454$58,742$51,052$41,827
14 years$81,163$70,247$60,608$52,145$44,752$36,002
15 years$74,970$64,171$54,721$46,504$39,403$31,114
16 years$69,557$58,876$49,612$41,639$34,825$26,982
17 years$64,785$54,223$45,145$37,412$30,878$23,466
18 years$60,549$50,104$41,212$33,716$27,455$20,459
19 years$56,763$46,436$37,727$30,465$24,472$17,876
20 years$53,359$43,151$34,624$27,592$21,858$15,647
21 years$50,284$40,193$31,848$25,042$19,561$13,718
22 years$47,492$37,519$29,353$22,769$17,533$12,043
23 years$44,947$35,091$27,102$20,736$15,739$10,585
24 years$42,617$32,878$25,065$18,912$14,147$9,313
25 years$40,477$30,854$23,215$17,272$12,730$8,201
26 years$38,505$28,998$21,531$15,792$11,467$7,228
27 years$36,682$27,290$19,993$14,455$10,338$6,375
28 years$34,992$25,716$18,586$13,244$9,328$5,626
29 years$33,421$24,260$17,296$12,145$8,423$4,968
30 years$31,958$22,911$16,111$11,146$7,611$4,388
31 years$30,592$21,658$15,019$10,237$6,881$3,878
32 years$29,314$20,493$14,013$9,408$6,224$3,428
33 years$28,116$19,407$13,084$8,651$5,633$3,032
34 years$26,991$18,394$12,225$7,960$5,100$2,682
35 years$25,933$17,446$11,430$7,328$4,619$2,373
36 years$24,935$16,559$10,692$6,749$4,185$2,100
37 years$23,994$15,727$10,008$6,218$3,793$1,859
38 years$23,104$14,946$9,372$5,731$3,439$1,646
39 years$22,262$14,213$8,780$5,284$3,119$1,458
40 years$21,464$13,522$8,230$4,874$2,829$1,291
41 years$20,707$12,872$7,717$4,497$2,566$1,143
42 years$19,988$12,259$7,239$4,150$2,329$1,013
43 years$19,305$11,680$6,793$3,831$2,113$897
44 years$18,654$11,133$6,376$3,537$1,918$795
45 years$18,034$10,617$5,987$3,267$1,741$704
46 years$17,442$10,128$5,623$3,018$1,581$624
47 years$16,878$9,665$5,283$2,788$1,436$553
48 years$16,338$9,227$4,964$2,576$1,304$490
49 years$15,822$8,811$4,666$2,381$1,184$434
50 years$15,329$8,417$4,387$2,201$1,076$385

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 $5,474 every year, while hoping to spend $26,120 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: 58/20/22 Blend
68$15,700,000$15,700,000$15,700,000$15,700,000
69$17,307,046$16,474,946$16,231,596$18,208,563
70$19,044,574$17,254,427$16,747,563$19,602,523
71$20,958,453$18,071,227$17,279,940$21,118,277
72$23,066,646$18,927,148$17,829,248$22,770,286
73$25,388,942$19,824,076$18,396,026$24,571,720
74$27,947,152$20,763,994$18,980,831$26,537,061
75$30,765,308$21,748,977$19,584,236$28,682,235
76$33,869,894$22,781,201$20,206,832$31,024,760
77$37,290,094$23,862,950$20,849,231$33,583,908
78$41,058,065$24,996,617$21,512,063$36,380,880
79$45,209,248$26,184,711$22,195,977$39,438,999
80$49,782,695$27,429,865$22,901,645$42,783,933
81$54,821,439$28,734,838$23,629,760$46,443,922
82$60,372,904$30,102,523$24,381,035$50,450,048
83$66,489,348$31,535,954$25,156,207$54,836,516
84$73,228,359$33,038,314$25,956,038$59,640,975
85$80,653,398$34,612,937$26,781,311$64,904,865
86$88,834,397$36,263,324$27,632,838$70,673,801
87$97,848,419$37,993,141$28,511,452$76,998,000
88$107,780,389$39,806,236$29,418,017$83,932,744
89$118,723,890$41,706,643$30,353,422$91,538,897
90$130,782,050$43,698,591$31,318,584$99,883,471
91$144,068,515$45,786,517$32,314,452$109,040,249
92$158,708,519$47,975,073$33,342,003$119,090,476
93$174,840,073$50,269,136$34,402,244$130,123,613
94$192,615,258$52,673,821$35,496,217$142,238,176
95$212,201,669$55,194,493$36,624,995$155,542,654
96$233,783,993$57,836,777$37,789,686$170,156,525
97$257,565,753$60,606,573$38,991,434$186,211,369
98$283,771,231$63,510,065$40,231,417$203,852,104
99$312,647,581$66,553,743$41,510,854$223,238,341
100$344,467,167$69,744,409$42,831,001$244,545,875