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

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,255,862
2 years$658,180$645,922$634,042$622,523$611,351$583,308
3 years$434,428$422,117$410,267$398,857$387,866$360,630
4 years$322,574$310,301$298,569$287,354$276,629$250,410
5 years$255,479$243,280$231,702$220,715$210,289$185,161
6 years$210,764$198,656$187,250$176,508$166,395$142,384
7 years$178,837$166,831$155,605$145,117$135,323$112,434
8 years$154,902$143,005$131,966$121,735$112,264$90,488
9 years$136,297$124,512$113,662$103,691$94,542$73,865
10 years$121,421$109,751$99,093$89,383$80,555$60,954
11 years$109,257$97,705$87,240$77,790$69,280$50,730
12 years$99,129$87,694$77,423$68,232$60,036$42,509
13 years$90,565$79,250$69,173$60,239$52,353$35,817
14 years$83,231$72,036$62,152$53,473$45,892$30,314
15 years$76,880$65,806$56,115$47,689$40,407$25,752
16 years$71,329$60,376$50,876$42,700$35,712$21,945
17 years$66,436$55,604$46,295$38,366$31,665$18,749
18 years$62,092$51,381$42,262$34,575$28,155$16,053
19 years$58,209$47,619$38,689$31,242$25,095$13,770
20 years$54,719$44,250$35,506$28,295$22,415$11,830
21 years$51,565$41,217$32,659$25,680$20,059$10,177
22 years$48,702$38,475$30,100$23,349$17,980$8,765
23 years$46,092$35,985$27,792$21,264$16,140$7,556
24 years$43,703$33,715$25,703$19,394$14,507$6,520
25 years$41,508$31,640$23,806$17,712$13,054$5,629
26 years$39,486$29,737$22,079$16,195$11,759$4,863
27 years$37,616$27,986$20,502$14,824$10,601$4,204
28 years$35,883$26,371$19,060$13,582$9,566$3,635
29 years$34,273$24,878$17,737$12,455$8,638$3,145
30 years$32,773$23,494$16,521$11,430$7,805$2,722
31 years$31,372$22,210$15,402$10,498$7,056$2,356
32 years$30,061$21,015$14,370$9,648$6,383$2,040
33 years$28,833$19,902$13,418$8,872$5,777$1,767
34 years$27,679$18,862$12,537$8,163$5,230$1,531
35 years$26,593$17,891$11,721$7,514$4,737$1,326
36 years$25,571$16,981$10,965$6,921$4,292$1,149
37 years$24,605$16,128$10,263$6,376$3,890$996
38 years$23,693$15,327$9,611$5,877$3,527$863
39 years$22,829$14,575$9,004$5,419$3,198$748
40 years$22,011$13,867$8,440$4,998$2,901$649
41 years$21,235$13,200$7,914$4,612$2,632$562
42 years$20,498$12,571$7,423$4,256$2,388$487
43 years$19,797$11,978$6,966$3,929$2,167$423
44 years$19,129$11,417$6,539$3,628$1,967$366
45 years$18,493$10,887$6,139$3,350$1,786$318
46 years$17,887$10,386$5,766$3,095$1,621$275
47 years$17,308$9,911$5,417$2,859$1,472$239
48 years$16,754$9,462$5,091$2,642$1,337$207
49 years$16,225$9,035$4,785$2,442$1,214$180
50 years$15,719$8,631$4,499$2,257$1,103$156

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 $3,931 every year, while hoping to spend $57,473 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: 70/16/14 Blend
68$16,100,000$16,100,000$16,100,000$16,100,000
69$17,746,255$16,892,955$16,643,405$18,932,568
70$19,495,222$17,659,559$17,139,808$20,487,686
71$21,420,658$18,461,800$17,650,915$22,181,729
72$23,540,501$19,301,364$18,177,156$24,034,197
73$25,874,518$20,180,018$18,718,977$26,060,699
74$28,444,491$21,099,611$19,276,836$28,278,415
75$31,274,421$22,062,084$19,851,201$30,706,252
76$34,390,755$23,069,468$20,442,559$33,365,024
77$37,822,634$24,123,894$21,051,407$36,277,639
78$41,602,171$25,227,594$21,678,258$39,469,319
79$45,764,753$26,382,906$22,323,640$42,967,830
80$50,349,371$27,592,282$22,988,095$46,803,740
81$55,398,994$28,858,291$23,672,183$51,010,707
82$60,960,969$30,183,625$24,376,479$55,625,791
83$67,087,471$31,571,105$25,101,574$60,689,797
84$73,835,993$33,023,690$25,848,077$66,247,662
85$81,269,891$34,544,477$26,616,614$72,348,869
86$89,458,979$36,136,716$27,407,830$79,047,912
87$98,480,190$37,803,810$28,222,387$86,404,803
88$108,418,302$39,549,328$29,060,969$94,485,638
89$119,366,734$41,377,011$29,924,277$103,363,212
90$131,428,434$43,290,778$30,813,033$113,117,699
91$144,716,845$45,294,737$31,727,981$123,837,409
92$159,356,980$47,393,196$32,669,885$135,619,608
93$175,486,598$49,590,668$33,639,532$148,571,437
94$193,257,506$51,891,885$34,637,731$162,810,911
95$212,836,991$54,301,808$35,665,315$178,468,029
96$234,409,401$56,825,634$36,723,141$195,685,993
97$258,177,883$59,468,813$37,812,089$214,622,553
98$284,366,300$62,237,057$38,933,066$235,451,488
99$313,221,345$65,136,355$40,087,006$258,364,236
100$345,014,869$68,172,984$41,274,869$283,571,698