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%16.8%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,217,233
2 years$641,827$629,874$618,289$607,057$596,162$561,454
3 years$423,635$411,630$400,074$388,947$378,230$344,608
4 years$314,560$302,591$291,151$280,215$269,757$237,479
5 years$249,132$237,235$225,945$215,232$205,065$174,220
6 years$205,527$193,720$182,598$172,122$162,261$132,878
7 years$174,394$162,686$151,739$141,511$131,961$104,042
8 years$151,054$139,452$128,687$118,710$109,475$83,003
9 years$132,910$121,418$110,838$101,115$92,194$67,144
10 years$118,404$107,024$96,631$87,162$78,553$54,894
11 years$106,543$95,277$85,073$75,857$67,559$45,251
12 years$96,666$85,516$75,500$66,537$58,545$37,547
13 years$88,315$77,281$67,454$58,742$51,052$31,319
14 years$81,163$70,247$60,608$52,145$44,752$26,237
15 years$74,970$64,171$54,721$46,504$39,403$22,056
16 years$69,557$58,876$49,612$41,639$34,825$18,595
17 years$64,785$54,223$45,145$37,412$30,878$15,715
18 years$60,549$50,104$41,212$33,716$27,455$13,307
19 years$56,763$46,436$37,727$30,465$24,472$11,288
20 years$53,359$43,151$34,624$27,592$21,858$9,588
21 years$50,284$40,193$31,848$25,042$19,561$8,154
22 years$47,492$37,519$29,353$22,769$17,533$6,941
23 years$44,947$35,091$27,102$20,736$15,739$5,914
24 years$42,617$32,878$25,065$18,912$14,147$5,042
25 years$40,477$30,854$23,215$17,272$12,730$4,302
26 years$38,505$28,998$21,531$15,792$11,467$3,672
27 years$36,682$27,290$19,993$14,455$10,338$3,136
28 years$34,992$25,716$18,586$13,244$9,328$2,679
29 years$33,421$24,260$17,296$12,145$8,423$2,289
30 years$31,958$22,911$16,111$11,146$7,611$1,957
31 years$30,592$21,658$15,019$10,237$6,881$1,673
32 years$29,314$20,493$14,013$9,408$6,224$1,431
33 years$28,116$19,407$13,084$8,651$5,633$1,224
34 years$26,991$18,394$12,225$7,960$5,100$1,047
35 years$25,933$17,446$11,430$7,328$4,619$896
36 years$24,935$16,559$10,692$6,749$4,185$766
37 years$23,994$15,727$10,008$6,218$3,793$656
38 years$23,104$14,946$9,372$5,731$3,439$561
39 years$22,262$14,213$8,780$5,284$3,119$480
40 years$21,464$13,522$8,230$4,874$2,829$411
41 years$20,707$12,872$7,717$4,497$2,566$352
42 years$19,988$12,259$7,239$4,150$2,329$301
43 years$19,305$11,680$6,793$3,831$2,113$258
44 years$18,654$11,133$6,376$3,537$1,918$221
45 years$18,034$10,617$5,987$3,267$1,741$189
46 years$17,442$10,128$5,623$3,018$1,581$162
47 years$16,878$9,665$5,283$2,788$1,436$138
48 years$16,338$9,227$4,964$2,576$1,304$118
49 years$15,822$8,811$4,666$2,381$1,184$101
50 years$15,329$8,417$4,387$2,201$1,076$87

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 $6,436 every year, while hoping to spend $26,892 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: 48/36/16 Blend
68$15,700,000$15,700,000$15,700,000$15,700,000
69$17,308,039$16,475,939$16,232,589$18,060,977
70$19,044,846$17,254,647$16,747,768$19,361,476
71$20,957,906$18,070,610$17,279,304$20,769,509
72$23,065,168$18,925,626$17,827,716$22,297,807
73$25,386,413$19,821,579$18,393,542$23,957,634
74$27,943,435$20,760,445$18,977,334$25,761,356
75$30,760,253$21,744,294$19,579,662$27,722,556
76$33,863,334$22,775,299$20,201,116$29,856,150
77$37,281,843$23,855,739$20,842,303$32,178,526
78$41,047,921$24,987,999$21,503,849$34,707,692
79$45,196,983$26,174,586$22,186,403$37,463,432
80$49,768,058$27,418,124$22,890,630$40,467,495
81$54,804,154$28,721,366$23,617,220$43,743,782
82$60,352,664$30,087,199$24,366,883$47,318,570
83$66,465,815$31,518,650$25,140,353$51,220,750
84$73,201,157$33,018,893$25,938,384$55,482,089
85$80,622,114$34,591,258$26,761,758$60,137,519
86$88,798,572$36,239,232$27,611,280$65,225,460
87$97,807,549$37,966,477$28,487,781$70,788,170
88$107,733,915$39,776,830$29,392,117$76,872,133
89$118,671,195$41,674,316$30,325,173$83,528,486
90$130,722,453$43,663,153$31,287,862$90,813,491
91$144,001,262$45,747,767$32,281,126$98,789,051
92$158,632,782$47,932,799$33,305,935$107,523,282
93$174,754,934$50,223,114$34,363,291$117,091,142
94$192,519,706$52,623,815$35,454,230$127,575,127
95$212,094,587$55,140,253$36,579,818$139,066,028
96$233,664,149$57,778,040$37,741,156$151,663,777
97$257,431,788$60,543,059$38,939,380$165,478,372
98$283,621,644$63,441,482$40,175,663$180,630,900
99$312,480,717$66,479,780$41,451,213$197,254,658
100$344,281,200$69,664,740$42,767,278$215,496,394