Can I retire at age 69 with 15,900,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,232,242
2 years$650,004$637,898$626,165$614,790$603,756$568,115
3 years$429,031$416,873$405,171$393,902$383,048$348,528
4 years$318,567$306,446$294,860$283,784$273,193$240,060
5 years$252,305$240,257$228,824$217,973$207,677$176,021
6 years$208,146$196,188$184,924$174,315$164,328$134,178
7 years$176,615$164,759$153,672$143,314$133,642$105,000
8 years$152,978$141,229$130,326$120,223$110,869$83,718
9 years$134,604$122,965$112,250$102,403$93,368$67,681
10 years$119,912$108,387$97,862$88,272$79,554$55,299
11 years$107,900$96,491$86,156$76,823$68,419$45,555
12 years$97,897$86,605$76,461$67,384$59,291$37,775
13 years$89,440$78,266$68,313$59,490$51,703$31,488
14 years$82,197$71,141$61,380$52,809$45,322$26,360
15 years$75,925$64,989$55,418$47,096$39,905$22,144
16 years$70,443$59,626$50,244$42,170$35,268$18,656
17 years$65,611$54,913$45,720$37,889$31,271$15,755
18 years$61,320$50,742$41,737$34,146$27,805$13,331
19 years$57,486$47,028$38,208$30,854$24,783$11,299
20 years$54,039$43,700$35,065$27,944$22,137$9,591
21 years$50,925$40,705$32,253$25,361$19,810$8,150
22 years$48,097$37,997$29,726$23,059$17,757$6,932
23 years$45,519$35,538$27,447$21,000$15,940$5,902
24 years$43,160$33,296$25,384$19,153$14,327$5,028
25 years$40,993$31,247$23,511$17,492$12,892$4,286
26 years$38,995$29,367$21,805$15,994$11,613$3,656
27 years$37,149$27,638$20,248$14,639$10,470$3,119
28 years$35,438$26,043$18,823$13,413$9,447$2,663
29 years$33,847$24,569$17,516$12,300$8,530$2,273
30 years$32,366$23,203$16,316$11,288$7,708$1,942
31 years$30,982$21,934$15,211$10,367$6,969$1,659
32 years$29,688$20,754$14,192$9,528$6,304$1,417
33 years$28,475$19,654$13,251$8,762$5,705$1,211
34 years$27,335$18,628$12,381$8,061$5,165$1,035
35 years$26,263$17,668$11,575$7,421$4,678$885
36 years$25,253$16,770$10,829$6,835$4,239$757
37 years$24,300$15,927$10,135$6,297$3,842$647
38 years$23,399$15,137$9,491$5,804$3,483$553
39 years$22,546$14,394$8,892$5,352$3,158$473
40 years$21,738$13,694$8,335$4,936$2,865$404
41 years$20,971$13,036$7,815$4,554$2,599$346
42 years$20,243$12,415$7,331$4,203$2,358$296
43 years$19,551$11,829$6,879$3,880$2,140$253
44 years$18,891$11,275$6,457$3,582$1,943$216
45 years$18,263$10,752$6,063$3,309$1,764$185
46 years$17,664$10,257$5,695$3,056$1,601$158
47 years$17,093$9,788$5,350$2,823$1,454$135
48 years$16,546$9,344$5,028$2,609$1,320$116
49 years$16,024$8,923$4,726$2,411$1,199$99
50 years$15,524$8,524$4,443$2,229$1,089$85

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $15,900,000, adding $6,658 every year, while hoping to spend $53,373 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: 77/8/15 Blend
68$15,900,000$15,900,000$15,900,000$15,900,000
69$17,528,668$16,685,968$16,439,518$18,821,998
70$19,259,803$17,446,792$16,933,453$20,436,925
71$21,165,726$18,243,107$17,442,146$22,200,020
72$23,264,208$19,076,597$17,966,036$24,131,990
73$25,574,831$19,949,024$18,505,572$26,249,668
74$28,119,175$20,862,238$19,061,220$28,571,593
75$30,921,016$21,818,173$19,633,457$31,118,178
76$34,006,557$22,818,860$20,222,774$33,911,902
77$37,404,668$23,866,427$20,829,680$36,977,521
78$41,147,164$24,963,102$21,454,694$40,342,299
79$45,269,102$26,111,221$22,098,353$44,036,262
80$49,809,112$27,313,233$22,761,210$48,092,482
81$54,809,765$28,571,704$23,443,834$52,547,384
82$60,317,968$29,889,325$24,146,809$57,441,088
83$66,385,412$31,268,913$24,870,739$62,817,786
84$73,069,058$32,713,424$25,616,243$68,726,157
85$80,431,675$34,225,955$26,383,960$75,219,820
86$88,542,431$35,809,751$27,174,547$82,357,843
87$97,477,545$37,468,215$27,988,680$90,205,291
88$107,321,010$39,204,913$28,827,057$98,833,843
89$118,165,382$41,023,583$29,690,392$108,322,462
90$130,112,656$42,928,143$30,579,425$118,758,136
91$143,275,225$44,922,701$31,494,914$130,236,701
92$157,776,946$47,011,561$32,437,641$142,863,734
93$173,754,302$49,199,235$33,408,411$156,755,553
94$191,357,699$51,490,456$34,408,050$172,040,307
95$210,752,876$53,890,180$35,437,412$188,859,182
96$232,122,477$56,403,607$36,497,373$207,367,730
97$255,667,772$59,036,185$37,588,837$227,737,335
98$281,610,553$61,793,626$38,712,731$250,156,820
99$310,195,235$64,681,920$39,870,013$274,834,233
100$341,691,157$67,707,342$41,061,667$301,998,797