Can I retire at age 69 with 16,300,000?

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,267,334
2 years$666,356$653,946$641,918$630,257$618,945$586,457
3 years$439,824$427,361$415,363$403,811$392,684$361,175
4 years$326,581$314,155$302,278$290,923$280,066$249,777
5 years$258,653$246,302$234,580$223,457$212,901$183,918
6 years$213,382$201,124$189,576$178,700$168,462$140,812
7 years$181,058$168,903$157,538$146,919$137,004$110,692
8 years$156,827$144,781$133,605$123,247$113,658$88,671
9 years$137,990$126,058$115,074$104,979$95,717$72,034
10 years$122,929$111,114$100,324$90,493$81,556$59,149
11 years$110,615$98,918$88,324$78,756$70,140$48,978
12 years$100,360$88,784$78,385$69,080$60,782$40,827
13 years$91,690$80,235$70,032$60,987$53,003$34,216
14 years$84,265$72,931$62,924$54,137$46,462$28,801
15 years$77,835$66,624$56,812$48,281$40,909$24,331
16 years$72,215$61,126$51,508$43,230$36,156$20,616
17 years$67,261$56,295$46,870$38,842$32,058$17,512
18 years$62,863$52,019$42,787$35,005$28,505$14,906
19 years$58,932$48,211$39,169$31,630$25,407$12,710
20 years$55,399$44,800$35,948$28,647$22,694$10,854
21 years$52,206$41,729$33,065$25,999$20,308$9,280
22 years$49,307$38,953$30,474$23,639$18,204$7,943
23 years$46,665$36,432$28,138$21,528$16,341$6,805
24 years$44,246$34,134$26,023$19,635$14,687$5,834
25 years$42,024$32,033$24,102$17,932$13,216$5,005
26 years$39,976$30,106$22,353$16,396$11,905$4,297
27 years$38,084$28,333$20,757$15,008$10,733$3,690
28 years$36,329$26,698$19,296$13,750$9,685$3,170
29 years$34,699$25,187$17,957$12,609$8,745$2,725
30 years$33,180$23,786$16,726$11,572$7,902$2,343
31 years$31,762$22,486$15,593$10,628$7,144$2,015
32 years$30,435$21,276$14,549$9,768$6,462$1,733
33 years$29,191$20,149$13,584$8,982$5,848$1,491
34 years$28,023$19,097$12,692$8,264$5,295$1,283
35 years$26,924$18,113$11,867$7,608$4,796$1,104
36 years$25,888$17,192$11,101$7,007$4,345$950
37 years$24,911$16,328$10,390$6,456$3,938$818
38 years$23,987$15,518$9,730$5,950$3,570$704
39 years$23,113$14,756$9,116$5,486$3,238$606
40 years$22,285$14,039$8,544$5,060$2,937$522
41 years$21,499$13,364$8,012$4,669$2,664$449
42 years$20,752$12,727$7,515$4,309$2,418$387
43 years$20,042$12,126$7,052$3,978$2,194$333
44 years$19,367$11,559$6,620$3,673$1,992$287
45 years$18,723$11,023$6,216$3,392$1,808$247
46 years$18,109$10,515$5,838$3,133$1,642$213
47 years$17,523$10,035$5,485$2,895$1,491$183
48 years$16,963$9,579$5,154$2,675$1,354$158
49 years$16,427$9,148$4,845$2,472$1,229$136
50 years$15,914$8,738$4,555$2,285$1,117$117

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $16,300,000, adding $6,756 every year, while hoping to spend $53,305 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: 52/21/27 Blend
68$16,300,000$16,300,000$16,300,000$16,300,000
69$17,969,569$17,105,669$16,853,019$18,767,736
70$19,745,749$17,887,130$17,360,879$20,104,031
71$21,701,312$18,705,097$17,883,966$21,550,931
72$23,854,501$19,561,301$18,422,733$23,123,881
73$26,225,414$20,457,559$18,977,648$24,834,930
74$28,836,199$21,395,772$19,549,192$26,697,321
75$31,711,261$22,377,935$20,137,860$28,725,619
76$34,877,494$23,406,138$20,744,163$30,935,837
77$38,364,530$24,482,571$21,368,625$33,345,584
78$42,205,025$25,609,530$22,011,786$35,974,230
79$46,434,960$26,789,419$22,674,203$38,843,080
80$51,093,987$28,024,762$23,356,450$41,975,571
81$56,225,799$29,318,200$24,059,116$45,397,488
82$61,878,542$30,672,503$24,782,808$49,137,200
83$68,105,273$32,090,576$25,528,152$53,225,925
84$74,964,457$33,575,460$26,295,791$57,698,016
85$82,520,520$35,130,346$27,086,388$62,591,280
86$90,844,456$36,758,576$27,900,626$67,947,326
87$100,014,499$38,463,655$28,739,206$73,811,953
88$110,116,860$40,249,256$29,602,851$80,235,575
89$121,246,540$42,119,230$30,492,306$87,273,687
90$133,508,226$44,077,611$31,408,338$94,987,383
91$147,017,282$46,128,631$32,351,734$103,443,922
92$161,900,835$48,276,725$33,323,308$112,717,358
93$178,298,976$50,526,540$34,323,895$122,889,225
94$196,366,082$52,882,951$35,354,355$134,049,302
95$216,272,272$55,351,064$36,415,575$146,296,446
96$238,205,013$57,936,236$37,508,467$159,739,518
97$262,370,893$60,644,081$38,633,969$174,498,400
98$288,997,565$63,480,482$39,793,048$190,705,113
99$318,335,900$66,451,609$40,986,699$208,505,053
100$350,662,354$69,563,929$42,215,945$228,058,350