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

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 $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%14.1%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,254,210
2 years$654,092$641,910$630,104$618,657$607,554$585,806
3 years$431,730$419,495$407,719$396,379$385,457$364,291
4 years$320,570$308,373$296,715$285,569$274,911$254,490
5 years$253,892$241,768$230,263$219,344$208,983$189,366
6 years$209,455$197,422$186,087$175,411$165,361$146,570
7 years$177,726$165,795$154,639$144,215$134,483$116,523
8 years$153,940$142,117$131,146$120,979$111,567$94,434
9 years$135,450$123,738$112,956$103,047$93,955$77,641
10 years$120,667$109,069$98,478$88,828$80,054$64,545
11 years$108,579$97,098$86,698$77,307$68,850$54,127
12 years$98,513$87,150$76,942$67,808$59,664$45,709
13 years$90,002$78,758$68,743$59,865$52,028$38,821
14 years$82,714$71,589$61,766$53,141$45,607$33,125
15 years$76,403$65,398$55,766$47,392$40,156$28,375
16 years$70,886$60,001$50,560$42,435$35,490$24,385
17 years$66,023$55,259$46,008$38,127$31,468$21,013
18 years$61,706$51,062$41,999$34,360$27,980$18,150
19 years$57,847$47,323$38,448$31,048$24,939$15,708
20 years$54,379$43,975$35,286$28,120$22,276$13,617
21 years$51,245$40,961$32,456$25,520$19,935$11,822
22 years$48,400$38,236$29,913$23,204$17,869$10,276
23 years$45,806$35,761$27,620$21,132$16,040$8,942
24 years$43,431$33,506$25,544$19,274$14,417$7,788
25 years$41,250$31,444$23,659$17,602$12,973$6,789
26 years$39,241$29,552$21,942$16,094$11,686$5,922
27 years$37,383$27,812$20,375$14,731$10,536$5,169
28 years$35,661$26,207$18,941$13,497$9,506$4,514
29 years$34,060$24,723$17,627$12,377$8,584$3,944
30 years$32,569$23,348$16,418$11,359$7,756$3,447
31 years$31,177$22,072$15,306$10,433$7,012$3,014
32 years$29,875$20,885$14,281$9,588$6,343$2,636
33 years$28,654$19,778$13,334$8,817$5,741$2,306
34 years$27,507$18,745$12,459$8,112$5,197$2,017
35 years$26,428$17,779$11,648$7,468$4,708$1,766
36 years$25,412$16,875$10,897$6,878$4,265$1,546
37 years$24,452$16,028$10,199$6,337$3,866$1,353
38 years$23,546$15,232$9,551$5,841$3,505$1,185
39 years$22,688$14,484$8,948$5,385$3,178$1,038
40 years$21,875$13,780$8,387$4,967$2,883$909
41 years$21,103$13,118$7,864$4,583$2,615$796
42 years$20,370$12,493$7,377$4,230$2,373$697
43 years$19,674$11,903$6,922$3,904$2,154$611
44 years$19,010$11,346$6,498$3,605$1,955$535
45 years$18,378$10,820$6,101$3,329$1,775$469
46 years$17,776$10,322$5,731$3,075$1,611$411
47 years$17,200$9,850$5,384$2,841$1,463$360
48 years$16,650$9,403$5,059$2,625$1,329$315
49 years$16,125$8,979$4,755$2,426$1,207$276
50 years$15,622$8,577$4,471$2,243$1,096$242

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 $5,117 every year, while hoping to spend $40,994 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: 55/26/19 Blend
68$16,000,000$16,000,000$16,000,000$16,000,000
69$17,637,278$16,789,278$16,541,278$18,516,793
70$19,392,663$17,568,336$17,051,794$19,897,137
71$21,325,724$18,384,193$17,578,038$21,394,721
72$23,454,539$19,238,610$18,120,493$23,024,655
73$25,799,032$20,133,431$18,679,660$24,799,617
74$28,381,155$21,070,591$19,256,050$26,733,539
75$31,225,099$22,052,116$19,850,194$28,841,740
76$34,357,521$23,080,132$20,462,637$31,141,065
77$37,807,795$24,156,865$21,093,943$33,650,036
78$41,608,290$25,284,652$21,744,690$36,389,020
79$45,794,674$26,465,939$22,415,476$39,380,424
80$50,406,254$27,703,292$23,106,917$42,648,889
81$55,486,341$28,999,403$23,819,648$46,221,528
82$61,082,664$30,357,090$24,554,323$50,128,165
83$67,247,819$31,779,311$25,311,616$54,401,617
84$74,039,764$33,269,164$26,092,222$59,077,996
85$81,522,366$34,829,899$26,896,857$64,197,037
86$89,766,005$36,464,923$27,726,260$69,802,474
87$98,848,239$38,177,805$28,581,191$75,942,436
88$108,854,534$39,972,291$29,462,435$82,669,899
89$119,879,069$41,852,306$30,370,799$90,043,177
90$132,025,629$43,821,965$31,307,117$98,126,458
91$145,408,585$45,885,582$32,272,246$106,990,408
92$160,153,966$48,047,682$33,267,072$116,712,822
93$176,400,658$50,313,006$34,292,506$127,379,350
94$194,301,709$52,686,526$35,349,489$139,084,296
95$214,025,774$55,173,458$36,438,988$151,931,495
96$235,758,711$57,779,265$37,562,002$166,035,281
97$259,705,331$60,509,680$38,719,560$181,521,556
98$286,091,331$63,370,711$39,912,722$198,528,962
99$315,165,429$66,368,658$41,142,580$217,210,180
100$347,201,708$69,510,127$42,410,262$237,733,355