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

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,218,546
2 years$650,004$637,898$626,165$614,790$603,756$554,641
3 years$429,031$416,873$405,171$393,902$383,048$335,705
4 years$318,567$306,446$294,860$283,784$273,193$227,984
5 years$252,305$240,257$228,824$217,973$207,677$164,717
6 years$208,146$196,188$184,924$174,315$164,328$123,645
7 years$176,615$164,759$153,672$143,314$133,642$95,224
8 years$152,978$141,229$130,326$120,223$110,869$74,677
9 years$134,604$122,965$112,250$102,403$93,368$59,348
10 years$119,912$108,387$97,862$88,272$79,554$47,642
11 years$107,900$96,491$86,156$76,823$68,419$38,542
12 years$97,897$86,605$76,461$67,384$59,291$31,370
13 years$89,440$78,266$68,313$59,490$51,703$25,656
14 years$82,197$71,141$61,380$52,809$45,322$21,063
15 years$75,925$64,989$55,418$47,096$39,905$17,346
16 years$70,443$59,626$50,244$42,170$35,268$14,321
17 years$65,611$54,913$45,720$37,889$31,271$11,848
18 years$61,320$50,742$41,737$34,146$27,805$9,818
19 years$57,486$47,028$38,208$30,854$24,783$8,147
20 years$54,039$43,700$35,065$27,944$22,137$6,769
21 years$50,925$40,705$32,253$25,361$19,810$5,629
22 years$48,097$37,997$29,726$23,059$17,757$4,684
23 years$45,519$35,538$27,447$21,000$15,940$3,901
24 years$43,160$33,296$25,384$19,153$14,327$3,250
25 years$40,993$31,247$23,511$17,492$12,892$2,709
26 years$38,995$29,367$21,805$15,994$11,613$2,259
27 years$37,149$27,638$20,248$14,639$10,470$1,884
28 years$35,438$26,043$18,823$13,413$9,447$1,572
29 years$33,847$24,569$17,516$12,300$8,530$1,312
30 years$32,366$23,203$16,316$11,288$7,708$1,095
31 years$30,982$21,934$15,211$10,367$6,969$914
32 years$29,688$20,754$14,192$9,528$6,304$763
33 years$28,475$19,654$13,251$8,762$5,705$637
34 years$27,335$18,628$12,381$8,061$5,165$532
35 years$26,263$17,668$11,575$7,421$4,678$444
36 years$25,253$16,770$10,829$6,835$4,239$371
37 years$24,300$15,927$10,135$6,297$3,842$310
38 years$23,399$15,137$9,491$5,804$3,483$259
39 years$22,546$14,394$8,892$5,352$3,158$216
40 years$21,738$13,694$8,335$4,936$2,865$181
41 years$20,971$13,036$7,815$4,554$2,599$151
42 years$20,243$12,415$7,331$4,203$2,358$126
43 years$19,551$11,829$6,879$3,880$2,140$105
44 years$18,891$11,275$6,457$3,582$1,943$88
45 years$18,263$10,752$6,063$3,309$1,764$73
46 years$17,664$10,257$5,695$3,056$1,601$61
47 years$17,093$9,788$5,350$2,823$1,454$51
48 years$16,546$9,344$5,028$2,609$1,320$43
49 years$16,024$8,923$4,726$2,411$1,199$36
50 years$15,524$8,524$4,443$2,229$1,089$30

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 $3,718 every year, while hoping to spend $36,698 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: 45/44/11 Blend
68$15,900,000$15,900,000$15,900,000$15,900,000
69$17,525,635$16,682,935$16,436,485$18,259,447
70$19,274,204$17,461,353$16,948,061$19,547,058
71$21,199,896$18,276,682$17,475,545$20,938,387
72$23,320,740$19,130,695$18,019,430$22,446,213
73$25,656,602$20,025,245$18,580,228$24,081,303
74$28,229,372$20,962,279$19,158,462$25,855,469
75$31,063,172$21,943,834$19,754,674$27,781,677
76$34,184,583$22,972,050$20,369,423$29,874,158
77$37,622,897$24,049,166$21,003,285$32,148,538
78$41,410,390$25,177,534$21,656,853$34,621,974
79$45,582,631$26,359,614$22,330,739$37,313,313
80$50,178,816$27,597,991$23,025,575$40,243,254
81$55,242,133$28,895,371$23,742,010$43,434,539
82$60,820,179$30,254,593$24,480,716$46,912,157
83$66,965,402$31,678,632$25,242,384$50,703,570
84$73,735,596$33,170,608$26,027,727$54,838,958
85$81,194,451$34,733,792$26,837,480$59,351,500
86$89,412,151$36,371,614$27,672,402$64,277,668
87$98,466,036$38,087,669$28,533,273$69,657,563
88$108,441,334$39,885,727$29,420,900$75,535,283
89$119,431,962$41,769,740$30,336,112$81,959,320
90$131,541,417$43,743,852$31,279,767$88,983,007
91$144,883,750$45,812,409$32,252,747$96,665,009
92$159,584,642$47,979,966$33,255,963$105,069,857
93$175,782,591$50,251,300$34,290,354$114,268,545
94$193,630,220$52,631,419$35,356,886$124,339,179
95$213,295,719$55,125,575$36,456,558$135,367,703
96$234,964,428$57,739,274$37,590,399$147,448,686
97$258,840,591$60,478,289$38,759,468$160,686,196
98$285,149,281$63,348,675$39,964,860$175,194,768
99$314,138,526$66,356,778$41,207,701$191,100,456
100$346,081,650$69,509,255$42,489,154$208,542,005