Can I retire at age 69 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,227,464
2 years$645,915$633,886$622,227$610,924$599,959$567,482
3 years$426,333$414,251$402,622$391,425$380,639$349,151
4 years$316,563$304,519$293,006$281,999$271,475$241,218
5 years$250,719$238,746$227,385$216,603$206,371$177,429
6 years$206,836$194,954$183,761$173,219$163,294$135,696
7 years$175,504$163,722$152,706$142,413$132,802$106,549
8 years$152,016$140,340$129,507$119,467$110,172$85,253
9 years$133,757$122,191$111,544$101,759$92,781$69,173
10 years$119,158$107,706$97,247$87,717$79,054$56,729
11 years$107,222$95,884$85,614$76,340$67,989$46,914
12 years$97,282$86,060$75,981$66,961$58,918$39,055
13 years$88,877$77,773$67,884$59,116$51,377$32,687
14 years$81,680$70,694$60,994$52,477$45,037$27,477
15 years$75,448$64,580$55,069$46,800$39,654$23,180
16 years$70,000$59,251$49,928$41,904$35,047$19,613
17 years$65,198$54,568$45,433$37,651$31,075$16,635
18 years$60,935$50,423$41,474$33,931$27,630$14,139
19 years$57,124$46,732$37,968$30,659$24,627$12,038
20 years$53,699$43,425$34,845$27,768$21,998$10,264
21 years$50,604$40,449$32,051$25,201$19,685$8,763
22 years$47,795$37,758$29,540$22,914$17,645$7,489
23 years$45,233$35,314$27,275$20,868$15,839$6,405
24 years$42,889$33,087$25,224$19,033$14,237$5,483
25 years$40,735$31,051$23,363$17,382$12,811$4,697
26 years$38,750$29,182$21,668$15,893$11,540$4,025
27 years$36,915$27,464$20,120$14,547$10,404$3,451
28 years$35,215$25,879$18,705$13,328$9,388$2,960
29 years$33,634$24,414$17,406$12,222$8,477$2,540
30 years$32,162$23,057$16,213$11,217$7,659$2,180
31 years$30,787$21,796$15,115$10,302$6,925$1,872
32 years$29,501$20,624$14,103$9,468$6,264$1,607
33 years$28,295$19,531$13,168$8,707$5,669$1,381
34 years$27,163$18,511$12,303$8,011$5,133$1,186
35 years$26,098$17,557$11,503$7,374$4,649$1,019
36 years$25,094$16,664$10,760$6,792$4,212$875
37 years$24,147$15,827$10,072$6,258$3,817$752
38 years$23,251$15,042$9,432$5,768$3,461$646
39 years$22,404$14,303$8,836$5,318$3,138$556
40 years$21,601$13,608$8,282$4,905$2,847$478
41 years$20,839$12,954$7,766$4,526$2,583$411
42 years$20,116$12,337$7,285$4,177$2,343$353
43 years$19,428$11,754$6,836$3,856$2,127$303
44 years$18,773$11,204$6,417$3,560$1,930$261
45 years$18,149$10,684$6,025$3,288$1,753$224
46 years$17,553$10,192$5,659$3,037$1,591$193
47 years$16,985$9,727$5,316$2,806$1,445$166
48 years$16,442$9,285$4,996$2,593$1,312$142
49 years$15,923$8,867$4,696$2,396$1,192$122
50 years$15,426$8,470$4,415$2,215$1,082$105

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $15,800,000, adding $5,661 every year, while hoping to spend $28,207 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: 43/39/18 Blend
68$15,800,000$15,800,000$15,800,000$15,800,000
69$17,417,439$16,580,039$16,335,139$18,074,911
70$19,164,006$17,362,449$16,852,354$19,321,322
71$21,087,777$18,182,252$17,385,951$20,667,640
72$23,206,798$19,041,250$17,936,448$22,125,660
73$25,540,953$19,941,332$18,504,380$23,705,677
74$28,112,154$20,884,482$19,090,301$25,418,989
75$30,944,548$21,872,775$19,694,780$27,277,992
76$34,064,741$22,908,391$20,318,405$29,296,297
77$37,502,056$23,993,613$20,961,782$31,488,845
78$41,288,802$25,130,837$21,625,539$33,872,041
79$45,460,585$26,322,572$22,310,319$36,463,907
80$50,056,640$27,571,453$23,016,790$39,284,234
81$55,120,203$28,880,241$23,745,638$42,354,768
82$60,698,920$30,251,829$24,497,573$45,699,404
83$66,845,294$31,689,253$25,273,327$49,344,397
84$73,617,184$33,195,696$26,073,653$53,318,608
85$81,078,347$34,774,495$26,899,330$57,653,759
86$89,299,043$36,429,151$27,751,163$62,384,725
87$98,356,698$38,163,331$28,629,979$67,549,849
88$108,336,632$39,980,885$29,536,634$73,191,295
89$119,332,866$41,885,847$30,472,009$79,355,432
90$131,449,013$43,882,447$31,437,016$86,093,256
91$144,799,248$45,975,123$32,432,592$93,460,862
92$159,509,395$48,168,527$33,459,707$101,519,954
93$175,718,106$50,467,538$34,519,360$110,338,419
94$193,578,176$52,877,271$35,612,582$119,990,942
95$213,257,983$55,403,090$36,740,436$130,559,706
96$234,943,078$58,050,622$37,904,021$142,135,140
97$258,837,935$60,825,765$39,104,469$154,816,761
98$285,167,883$63,734,707$40,342,948$168,714,092
99$314,181,233$66,783,934$41,620,663$183,947,676
100$346,151,621$69,980,249$42,938,857$200,650,193