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%18.9%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,214,728
2 years$645,915$633,886$622,227$610,924$599,959$554,924
3 years$426,333$414,251$402,622$391,425$380,639$337,170
4 years$316,563$304,519$293,006$281,999$271,475$229,904
5 years$250,719$238,746$227,385$216,603$206,371$166,807
6 years$206,836$194,954$183,761$173,219$163,294$125,767
7 years$175,504$163,722$152,706$142,413$132,802$97,302
8 years$152,016$140,340$129,507$119,467$110,172$76,670
9 years$133,757$122,191$111,544$101,759$92,781$61,232
10 years$119,158$107,706$97,247$87,717$79,054$49,405
11 years$107,222$95,884$85,614$76,340$67,989$40,177
12 years$97,282$86,060$75,981$66,961$58,918$32,876
13 years$88,877$77,773$67,884$59,116$51,377$27,035
14 years$81,680$70,694$60,994$52,477$45,037$22,320
15 years$75,448$64,580$55,069$46,800$39,654$18,486
16 years$70,000$59,251$49,928$41,904$35,047$15,351
17 years$65,198$54,568$45,433$37,651$31,075$12,775
18 years$60,935$50,423$41,474$33,931$27,630$10,650
19 years$57,124$46,732$37,968$30,659$24,627$8,892
20 years$53,699$43,425$34,845$27,768$21,998$7,433
21 years$50,604$40,449$32,051$25,201$19,685$6,219
22 years$47,795$37,758$29,540$22,914$17,645$5,208
23 years$45,233$35,314$27,275$20,868$15,839$4,365
24 years$42,889$33,087$25,224$19,033$14,237$3,660
25 years$40,735$31,051$23,363$17,382$12,811$3,070
26 years$38,750$29,182$21,668$15,893$11,540$2,577
27 years$36,915$27,464$20,120$14,547$10,404$2,163
28 years$35,215$25,879$18,705$13,328$9,388$1,817
29 years$33,634$24,414$17,406$12,222$8,477$1,526
30 years$32,162$23,057$16,213$11,217$7,659$1,282
31 years$30,787$21,796$15,115$10,302$6,925$1,077
32 years$29,501$20,624$14,103$9,468$6,264$905
33 years$28,295$19,531$13,168$8,707$5,669$761
34 years$27,163$18,511$12,303$8,011$5,133$640
35 years$26,098$17,557$11,503$7,374$4,649$538
36 years$25,094$16,664$10,760$6,792$4,212$452
37 years$24,147$15,827$10,072$6,258$3,817$380
38 years$23,251$15,042$9,432$5,768$3,461$320
39 years$22,404$14,303$8,836$5,318$3,138$269
40 years$21,601$13,608$8,282$4,905$2,847$226
41 years$20,839$12,954$7,766$4,526$2,583$190
42 years$20,116$12,337$7,285$4,177$2,343$160
43 years$19,428$11,754$6,836$3,856$2,127$134
44 years$18,773$11,204$6,417$3,560$1,930$113
45 years$18,149$10,684$6,025$3,288$1,753$95
46 years$17,553$10,192$5,659$3,037$1,591$80
47 years$16,985$9,727$5,316$2,806$1,445$67
48 years$16,442$9,285$4,996$2,593$1,312$57
49 years$15,923$8,867$4,696$2,396$1,192$48
50 years$15,426$8,470$4,415$2,215$1,082$40

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 $4,855 every year, while hoping to spend $40,149 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: 42/44/14 Blend
68$15,800,000$15,800,000$15,800,000$15,800,000
69$17,416,608$16,579,208$16,334,308$18,076,467
70$19,150,384$17,348,871$16,838,789$19,310,464
71$21,059,659$18,154,902$17,358,825$20,641,522
72$23,162,292$18,999,040$17,894,893$22,081,985
73$25,477,963$19,883,109$18,447,489$23,641,875
74$28,028,354$20,809,021$19,017,119$25,332,184
75$30,837,363$21,778,780$19,604,309$27,164,972
76$33,931,319$22,794,485$20,209,598$29,153,476
77$37,339,237$23,858,338$20,833,544$31,312,220
78$41,093,091$24,972,649$21,476,720$33,657,152
79$45,228,114$26,139,837$22,139,717$36,205,781
80$49,783,131$27,362,437$22,823,146$38,977,336
81$54,800,924$28,643,111$23,527,636$41,992,939
82$60,328,639$29,984,644$24,253,833$45,275,789
83$66,418,229$31,389,960$25,002,405$48,851,378
84$73,126,943$32,862,123$25,774,040$52,747,718
85$80,517,869$34,404,345$26,569,448$56,995,593
86$88,660,527$36,019,993$27,389,360$61,628,840
87$97,631,525$37,712,597$28,234,528$66,684,656
88$107,515,286$39,485,859$29,105,729$72,203,934
89$118,404,838$41,343,660$30,003,765$78,231,640
90$130,402,700$43,290,067$30,929,458$84,817,220
91$143,621,840$45,329,345$31,883,661$92,015,053
92$158,186,753$47,465,968$32,867,248$99,884,950
93$174,234,624$49,704,623$33,881,123$108,492,702
94$191,916,631$52,050,225$34,926,217$117,910,683
95$211,399,371$54,507,930$36,003,489$128,218,518
96$232,866,429$57,083,140$37,113,927$139,503,817
97$256,520,113$59,781,522$38,258,552$151,862,977
98$282,583,363$62,609,016$39,438,412$165,402,078
99$311,301,859$65,571,850$40,654,591$180,237,863
100$342,946,333$68,676,555$41,908,205$196,498,813