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

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,281,522
2 years$662,268$649,934$637,980$626,390$615,148$604,777
3 years$437,126$424,739$412,815$401,334$390,275$380,143
4 years$324,577$312,228$300,424$289,139$278,348$268,532
5 years$257,066$244,791$233,141$222,086$211,595$202,125
6 years$212,073$199,890$188,413$177,604$167,428$158,316
7 years$179,948$167,867$156,572$146,018$136,164$127,413
8 years$155,865$143,893$132,785$122,491$112,961$104,572
9 years$137,143$125,285$114,368$104,335$95,130$87,100
10 years$122,175$110,433$99,709$89,938$81,055$73,380
11 years$109,936$98,312$87,782$78,273$69,710$62,384
12 years$99,744$88,239$77,904$68,656$60,409$53,426
13 years$91,127$79,742$69,602$60,613$52,678$46,030
14 years$83,748$72,484$62,538$53,805$46,177$39,855
15 years$77,358$66,215$56,463$47,985$40,658$34,654
16 years$71,772$60,751$51,192$42,965$35,934$30,238
17 years$66,849$55,950$46,583$38,604$31,861$26,464
18 years$62,477$51,700$42,524$34,790$28,330$23,221
19 years$58,570$47,915$38,929$31,436$25,251$20,421
20 years$55,059$44,525$35,727$28,471$22,555$17,993
21 years$51,886$41,473$32,862$25,839$20,184$15,880
22 years$49,005$38,714$30,287$23,494$18,092$14,036
23 years$46,378$36,208$27,965$21,396$16,240$12,422
24 years$43,974$33,925$25,863$19,515$14,597$11,006
25 years$41,766$31,837$23,954$17,822$13,135$9,760
26 years$39,731$29,921$22,216$16,295$11,832$8,663
27 years$37,850$28,159$20,630$14,916$10,667$7,696
28 years$36,106$26,534$19,178$13,666$9,625$6,840
29 years$34,486$25,032$17,847$12,532$8,691$6,084
30 years$32,976$23,640$16,624$11,501$7,853$5,414
31 years$31,567$22,348$15,498$10,563$7,100$4,820
32 years$30,248$21,146$14,460$9,708$6,423$4,293
33 years$29,012$20,025$13,501$8,927$5,812$3,825
34 years$27,851$18,979$12,615$8,214$5,262$3,409
35 years$26,759$18,002$11,794$7,561$4,766$3,039
36 years$25,729$17,086$11,033$6,964$4,319$2,710
37 years$24,758$16,228$10,327$6,416$3,914$2,418
38 years$23,840$15,422$9,670$5,914$3,549$2,157
39 years$22,971$14,665$9,060$5,453$3,218$1,925
40 years$22,148$13,953$8,492$5,029$2,919$1,718
41 years$21,367$13,282$7,963$4,640$2,648$1,533
42 years$20,625$12,649$7,469$4,282$2,403$1,369
43 years$19,919$12,052$7,009$3,953$2,181$1,222
44 years$19,248$11,488$6,579$3,650$1,979$1,091
45 years$18,608$10,955$6,178$3,371$1,797$974
46 years$17,998$10,451$5,802$3,114$1,631$870
47 years$17,415$9,973$5,451$2,877$1,481$777
48 years$16,858$9,521$5,122$2,658$1,345$694
49 years$16,326$9,092$4,815$2,457$1,222$620
50 years$15,817$8,685$4,527$2,271$1,110$554

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 $6,377 every year, while hoping to spend $27,561 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: 74/6/20 Blend
68$16,200,000$16,200,000$16,200,000$16,200,000
69$17,858,978$17,000,378$16,749,278$19,095,159
70$19,651,269$17,804,072$17,281,054$20,720,295
71$21,625,450$18,646,223$17,829,721$22,496,693
72$23,800,045$19,528,686$18,395,815$24,442,667
73$26,195,465$20,453,408$18,979,891$26,575,098
74$28,834,205$21,422,427$19,582,519$28,912,577
75$31,741,050$22,437,882$20,204,290$31,475,573
76$34,943,315$23,502,016$20,845,812$34,286,627
77$38,471,098$24,617,180$21,507,711$37,370,561
78$42,357,567$25,785,839$22,190,637$40,754,713
79$46,639,273$27,010,579$22,895,257$44,469,189
80$51,356,491$28,294,110$23,622,260$48,547,147
81$56,553,605$29,639,274$24,372,359$53,025,108
82$62,279,527$31,049,052$25,146,286$57,943,295
83$68,588,152$32,526,569$25,944,800$63,346,014
84$75,538,874$34,075,101$26,768,682$69,282,068
85$83,197,144$35,698,086$27,618,738$75,805,212
86$91,635,087$37,399,126$28,495,799$82,974,663
87$100,932,182$39,182,000$29,400,725$90,855,650
88$111,176,016$41,050,670$30,334,401$99,520,030
89$122,463,107$43,009,290$31,297,741$109,046,962
90$134,899,816$45,062,217$32,291,688$119,523,652
91$148,603,352$47,214,021$33,317,214$131,046,168
92$163,702,877$49,469,490$34,375,323$143,720,350
93$180,340,726$51,833,651$35,467,052$157,662,799
94$198,673,750$54,311,770$36,593,468$173,001,977
95$218,874,798$56,909,372$37,755,675$189,879,414
96$241,134,348$59,632,251$38,954,810$208,451,042
97$265,662,302$62,486,483$40,192,047$228,888,656
98$292,689,974$65,478,437$41,468,598$251,381,540
99$322,472,267$68,614,796$42,785,711$276,138,242
100$355,290,083$71,902,566$44,144,678$303,388,538