Can I retire at age 69 with 16,100,000?

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,236,810
2 years$658,180$645,922$634,042$622,523$611,351$564,495
3 years$434,428$422,117$410,267$398,857$387,866$342,656
4 years$322,574$310,301$298,569$287,354$276,629$233,409
5 years$255,479$243,280$231,702$220,715$210,289$169,172
6 years$210,764$198,656$187,250$176,508$166,395$127,409
7 years$178,837$166,831$155,605$145,117$135,323$98,460
8 years$154,902$143,005$131,966$121,735$112,264$77,491
9 years$136,297$124,512$113,662$103,691$94,542$61,812
10 years$121,421$109,751$99,093$89,383$80,555$49,809
11 years$109,257$97,705$87,240$77,790$69,280$40,453
12 years$99,129$87,694$77,423$68,232$60,036$33,058
13 years$90,565$79,250$69,173$60,239$52,353$27,147
14 years$83,231$72,036$62,152$53,473$45,892$22,381
15 years$76,880$65,806$56,115$47,689$40,407$18,511
16 years$71,329$60,376$50,876$42,700$35,712$15,349
17 years$66,436$55,604$46,295$38,366$31,665$12,755
18 years$62,092$51,381$42,262$34,575$28,155$10,617
19 years$58,209$47,619$38,689$31,242$25,095$8,851
20 years$54,719$44,250$35,506$28,295$22,415$7,387
21 years$51,565$41,217$32,659$25,680$20,059$6,171
22 years$48,702$38,475$30,100$23,349$17,980$5,160
23 years$46,092$35,985$27,792$21,264$16,140$4,317
24 years$43,703$33,715$25,703$19,394$14,507$3,615
25 years$41,508$31,640$23,806$17,712$13,054$3,027
26 years$39,486$29,737$22,079$16,195$11,759$2,537
27 years$37,616$27,986$20,502$14,824$10,601$2,126
28 years$35,883$26,371$19,060$13,582$9,566$1,783
29 years$34,273$24,878$17,737$12,455$8,638$1,495
30 years$32,773$23,494$16,521$11,430$7,805$1,254
31 years$31,372$22,210$15,402$10,498$7,056$1,052
32 years$30,061$21,015$14,370$9,648$6,383$883
33 years$28,833$19,902$13,418$8,872$5,777$741
34 years$27,679$18,862$12,537$8,163$5,230$622
35 years$26,593$17,891$11,721$7,514$4,737$522
36 years$25,571$16,981$10,965$6,921$4,292$438
37 years$24,605$16,128$10,263$6,376$3,890$368
38 years$23,693$15,327$9,611$5,877$3,527$309
39 years$22,829$14,575$9,004$5,419$3,198$259
40 years$22,011$13,867$8,440$4,998$2,901$217
41 years$21,235$13,200$7,914$4,612$2,632$183
42 years$20,498$12,571$7,423$4,256$2,388$153
43 years$19,797$11,978$6,966$3,929$2,167$129
44 years$19,129$11,417$6,539$3,628$1,967$108
45 years$18,493$10,887$6,139$3,350$1,786$91
46 years$17,887$10,386$5,766$3,095$1,621$76
47 years$17,308$9,911$5,417$2,859$1,472$64
48 years$16,754$9,462$5,091$2,642$1,337$54
49 years$16,225$9,035$4,785$2,442$1,214$45
50 years$15,719$8,631$4,499$2,257$1,103$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $16,100,000, adding $5,823 every year, while hoping to spend $28,627 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: 46/25/29 Blend
68$16,100,000$16,100,000$16,100,000$16,100,000
69$17,748,206$16,894,906$16,645,356$18,416,059
70$19,528,065$17,692,298$17,172,517$19,687,931
71$21,488,509$18,527,802$17,716,378$21,063,899
72$23,647,929$19,403,256$18,277,469$22,556,376
73$26,026,588$20,320,587$18,856,335$24,176,301
74$28,646,819$21,281,814$19,453,540$25,935,694
75$31,533,226$22,289,055$20,069,666$27,847,758
76$34,712,927$23,344,530$20,705,311$29,926,999
77$38,215,801$24,450,568$21,361,095$32,189,363
78$42,074,776$25,609,609$22,037,655$34,652,371
79$46,326,138$26,824,214$22,735,651$37,335,285
80$51,009,869$28,097,067$23,455,761$40,259,283
81$56,170,034$29,430,980$24,198,686$43,447,648
82$61,855,185$30,828,906$24,965,150$46,925,985
83$68,118,829$32,293,938$25,755,898$50,722,451
84$75,019,930$33,829,321$26,571,701$54,868,019
85$82,623,462$35,438,457$27,413,352$59,396,754
86$91,001,026$37,124,912$28,281,670$64,346,135
87$100,231,525$38,892,428$29,177,501$69,757,393
88$110,401,910$40,744,926$30,101,717$75,675,896
89$121,607,998$42,686,520$31,055,217$82,151,563
90$133,955,377$44,721,523$32,038,930$89,239,328
91$147,560,405$46,854,457$33,053,813$96,999,649
92$162,551,305$49,090,064$34,100,855$105,499,065
93$179,069,378$51,433,318$35,181,074$114,810,814
94$197,270,338$53,889,433$36,295,522$125,015,513
95$217,325,775$56,463,878$37,445,285$136,201,903
96$239,424,784$59,162,388$38,631,482$148,467,681
97$263,775,742$61,990,975$39,855,267$161,920,401
98$290,608,282$64,955,947$41,117,833$176,678,479
99$320,175,454$68,063,916$42,420,408$192,872,293
100$352,756,119$71,321,817$43,764,260$210,645,404