Can I retire at age 69 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,242,028
2 years$662,268$649,934$637,980$626,390$615,148$565,587
3 years$437,126$424,739$412,815$401,334$390,275$342,495
4 years$324,577$312,228$300,424$289,139$278,348$232,712
5 years$257,066$244,791$233,141$222,086$211,595$168,222
6 years$212,073$199,890$188,413$177,604$167,428$126,346
7 years$179,948$167,867$156,572$146,018$136,164$97,359
8 years$155,865$143,893$132,785$122,491$112,961$76,397
9 years$137,143$125,285$114,368$104,335$95,130$60,753
10 years$122,175$110,433$99,709$89,938$81,055$48,801
11 years$109,936$98,312$87,782$78,273$69,710$39,505
12 years$99,744$88,239$77,904$68,656$60,409$32,176
13 years$91,127$79,742$69,602$60,613$52,678$26,332
14 years$83,748$72,484$62,538$53,805$46,177$21,633
15 years$77,358$66,215$56,463$47,985$40,658$17,829
16 years$71,772$60,751$51,192$42,965$35,934$14,730
17 years$66,849$55,950$46,583$38,604$31,861$12,195
18 years$62,477$51,700$42,524$34,790$28,330$10,114
19 years$58,570$47,915$38,929$31,436$25,251$8,399
20 years$55,059$44,525$35,727$28,471$22,555$6,983
21 years$51,886$41,473$32,862$25,839$20,184$5,811
22 years$49,005$38,714$30,287$23,494$18,092$4,840
23 years$46,378$36,208$27,965$21,396$16,240$4,034
24 years$43,974$33,925$25,863$19,515$14,597$3,364
25 years$41,766$31,837$23,954$17,822$13,135$2,806
26 years$39,731$29,921$22,216$16,295$11,832$2,342
27 years$37,850$28,159$20,630$14,916$10,667$1,955
28 years$36,106$26,534$19,178$13,666$9,625$1,632
29 years$34,486$25,032$17,847$12,532$8,691$1,363
30 years$32,976$23,640$16,624$11,501$7,853$1,139
31 years$31,567$22,348$15,498$10,563$7,100$952
32 years$30,248$21,146$14,460$9,708$6,423$795
33 years$29,012$20,025$13,501$8,927$5,812$664
34 years$27,851$18,979$12,615$8,214$5,262$555
35 years$26,759$18,002$11,794$7,561$4,766$464
36 years$25,729$17,086$11,033$6,964$4,319$388
37 years$24,758$16,228$10,327$6,416$3,914$324
38 years$23,840$15,422$9,670$5,914$3,549$271
39 years$22,971$14,665$9,060$5,453$3,218$227
40 years$22,148$13,953$8,492$5,029$2,919$189
41 years$21,367$13,282$7,963$4,640$2,648$158
42 years$20,625$12,649$7,469$4,282$2,403$132
43 years$19,919$12,052$7,009$3,953$2,181$111
44 years$19,248$11,488$6,579$3,650$1,979$93
45 years$18,608$10,955$6,178$3,371$1,797$77
46 years$17,998$10,451$5,802$3,114$1,631$65
47 years$17,415$9,973$5,451$2,877$1,481$54
48 years$16,858$9,521$5,122$2,658$1,345$45
49 years$16,326$9,092$4,815$2,457$1,222$38
50 years$15,817$8,685$4,527$2,271$1,110$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $16,200,000, adding $2,943 every year, while hoping to spend $39,737 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: 52/24/24 Blend
68$16,200,000$16,200,000$16,200,000$16,200,000
69$17,855,436$16,996,836$16,745,736$18,664,393
70$19,634,410$17,787,401$17,264,438$20,014,809
71$21,593,508$18,615,372$17,799,185$21,478,637
72$23,751,061$19,482,540$18,350,472$23,070,160
73$26,127,267$20,390,781$18,918,811$24,801,554
74$28,744,384$21,342,066$19,504,727$26,686,199
75$31,626,939$22,338,455$20,108,763$28,738,804
76$34,801,960$23,382,112$20,731,479$30,975,541
77$38,299,228$24,475,304$21,373,453$33,414,190
78$42,151,563$25,620,408$22,035,277$36,074,303
79$46,395,130$26,819,915$22,717,566$38,977,383
80$51,069,780$28,076,438$23,420,951$42,147,083
81$56,219,428$29,392,713$24,146,083$45,609,417
82$61,892,466$30,771,614$24,893,634$49,393,006
83$68,142,223$32,216,147$25,664,296$53,529,337
84$75,027,461$33,729,470$26,458,781$58,053,058
85$82,612,938$35,314,890$27,277,826$63,002,290
86$90,970,012$36,975,875$28,122,188$68,418,988
87$100,177,321$38,716,060$28,992,649$74,349,322
88$110,321,519$40,539,258$29,890,014$80,844,108
89$121,498,097$42,449,465$30,815,113$87,959,279
90$133,812,286$44,450,871$31,768,802$95,756,404
91$147,380,045$46,547,870$32,751,963$104,303,257
92$162,329,161$48,745,068$33,765,506$113,674,450
93$178,800,453$51,047,293$34,810,367$123,952,126
94$196,949,098$53,459,609$35,887,513$135,226,724
95$216,946,101$55,987,325$36,997,940$147,597,819
96$238,979,907$58,636,008$38,142,675$161,175,054
97$263,258,178$61,411,493$39,322,775$176,079,160
98$290,009,756$64,319,900$40,539,332$192,443,084
99$319,486,821$67,367,645$41,793,469$210,413,229
100$351,967,273$70,561,456$43,086,347$230,150,824