Can I retire at age 69 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,263,064
2 years$654,092$641,910$630,104$618,657$607,554$594,663
3 years$431,730$419,495$407,719$396,379$385,457$372,874
4 years$320,570$308,373$296,715$285,569$274,911$262,733
5 years$253,892$241,768$230,263$219,344$208,983$197,245
6 years$209,455$197,422$186,087$175,411$165,361$154,078
7 years$177,726$165,795$154,639$144,215$134,483$123,659
8 years$153,940$142,117$131,146$120,979$111,567$101,202
9 years$135,450$123,738$112,956$103,047$93,955$84,046
10 years$120,667$109,069$98,478$88,828$80,054$70,595
11 years$108,579$97,098$86,698$77,307$68,850$59,832
12 years$98,513$87,150$76,942$67,808$59,664$51,078
13 years$90,002$78,758$68,743$59,865$52,028$43,865
14 years$82,714$71,589$61,766$53,141$45,607$37,856
15 years$76,403$65,398$55,766$47,392$40,156$32,805
16 years$70,886$60,001$50,560$42,435$35,490$28,527
17 years$66,023$55,259$46,008$38,127$31,468$24,880
18 years$61,706$51,062$41,999$34,360$27,980$21,754
19 years$57,847$47,323$38,448$31,048$24,939$19,062
20 years$54,379$43,975$35,286$28,120$22,276$16,734
21 years$51,245$40,961$32,456$25,520$19,935$14,715
22 years$48,400$38,236$29,913$23,204$17,869$12,957
23 years$45,806$35,761$27,620$21,132$16,040$11,423
24 years$43,431$33,506$25,544$19,274$14,417$10,082
25 years$41,250$31,444$23,659$17,602$12,973$8,907
26 years$39,241$29,552$21,942$16,094$11,686$7,875
27 years$37,383$27,812$20,375$14,731$10,536$6,967
28 years$35,661$26,207$18,941$13,497$9,506$6,168
29 years$34,060$24,723$17,627$12,377$8,584$5,464
30 years$32,569$23,348$16,418$11,359$7,756$4,843
31 years$31,177$22,072$15,306$10,433$7,012$4,294
32 years$29,875$20,885$14,281$9,588$6,343$3,809
33 years$28,654$19,778$13,334$8,817$5,741$3,379
34 years$27,507$18,745$12,459$8,112$5,197$2,999
35 years$26,428$17,779$11,648$7,468$4,708$2,663
36 years$25,412$16,875$10,897$6,878$4,265$2,365
37 years$24,452$16,028$10,199$6,337$3,866$2,100
38 years$23,546$15,232$9,551$5,841$3,505$1,866
39 years$22,688$14,484$8,948$5,385$3,178$1,658
40 years$21,875$13,780$8,387$4,967$2,883$1,473
41 years$21,103$13,118$7,864$4,583$2,615$1,309
42 years$20,370$12,493$7,377$4,230$2,373$1,164
43 years$19,674$11,903$6,922$3,904$2,154$1,035
44 years$19,010$11,346$6,498$3,605$1,955$920
45 years$18,378$10,820$6,101$3,329$1,775$818
46 years$17,776$10,322$5,731$3,075$1,611$727
47 years$17,200$9,850$5,384$2,841$1,463$647
48 years$16,650$9,403$5,059$2,625$1,329$575
49 years$16,125$8,979$4,755$2,426$1,207$511
50 years$15,622$8,577$4,471$2,243$1,096$455

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $16,000,000, adding $5,088 every year, while hoping to spend $53,488 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: 54/39/7 Blend
68$16,000,000$16,000,000$16,000,000$16,000,000
69$17,637,248$16,789,248$16,541,248$18,560,498
70$19,379,337$17,555,011$17,038,469$19,951,190
71$21,297,326$18,356,503$17,550,554$21,457,629
72$23,409,100$19,195,419$18,077,945$23,095,808
73$25,734,368$20,073,534$18,621,096$24,878,215
74$28,294,846$20,992,710$19,180,476$26,818,567
75$31,114,464$21,954,895$19,756,565$28,931,937
76$34,219,588$22,962,135$20,349,859$31,234,889
77$37,639,277$24,016,570$20,960,870$33,745,625
78$41,405,546$25,120,444$21,590,122$36,484,157
79$45,553,677$26,276,112$22,238,156$39,472,479
80$50,122,547$27,486,036$22,905,530$42,734,778
81$55,154,998$28,752,803$23,592,816$46,297,644
82$60,698,237$30,079,120$24,300,604$50,190,322
83$66,804,286$31,467,825$25,029,503$54,444,974
84$73,530,468$32,921,894$25,780,137$59,096,975
85$80,939,954$34,444,445$26,553,150$64,185,238
86$89,102,353$36,038,746$27,349,204$69,752,572
87$98,094,372$37,708,224$28,168,981$75,846,075
88$108,000,540$39,456,468$29,013,183$82,517,568
89$118,914,004$41,287,244$29,882,534$89,824,073
90$130,937,409$43,204,496$30,777,776$97,828,342
91$144,183,868$45,212,360$31,699,675$106,599,432
92$158,778,028$47,315,171$32,649,020$116,213,350
93$174,857,246$49,517,473$33,626,620$126,753,750
94$192,572,885$51,824,030$34,633,312$138,312,717
95$212,091,746$54,239,833$35,669,955$150,991,615
96$233,597,638$56,770,119$36,737,432$164,902,031
97$257,293,115$59,420,374$37,836,655$180,166,812
98$283,401,390$62,196,349$38,968,559$196,921,208
99$312,168,437$65,104,075$40,134,111$215,314,131
100$343,865,315$68,149,873$41,334,302$235,509,541