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%13.1%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,283,011
2 years$666,356$653,946$641,918$630,257$618,945$602,070
3 years$439,824$427,361$415,363$403,811$392,684$376,232
4 years$326,581$314,155$302,278$290,923$280,066$264,163
5 years$258,653$246,302$234,580$223,457$212,901$197,595
6 years$213,382$201,124$189,576$178,700$168,462$153,769
7 years$181,058$168,903$157,538$146,919$137,004$122,932
8 years$156,827$144,781$133,605$123,247$113,658$100,204
9 years$137,990$126,058$115,074$104,979$95,717$82,875
10 years$122,929$111,114$100,324$90,493$81,556$69,317
11 years$110,615$98,918$88,324$78,756$70,140$58,494
12 years$100,360$88,784$78,385$69,080$60,782$49,715
13 years$91,690$80,235$70,032$60,987$53,003$42,500
14 years$84,265$72,931$62,924$54,137$46,462$36,508
15 years$77,835$66,624$56,812$48,281$40,909$31,488
16 years$72,215$61,126$51,508$43,230$36,156$27,249
17 years$67,261$56,295$46,870$38,842$32,058$23,649
18 years$62,863$52,019$42,787$35,005$28,505$20,574
19 years$58,932$48,211$39,169$31,630$25,407$17,937
20 years$55,399$44,800$35,948$28,647$22,694$15,666
21 years$52,206$41,729$33,065$25,999$20,308$13,703
22 years$49,307$38,953$30,474$23,639$18,204$12,003
23 years$46,665$36,432$28,138$21,528$16,341$10,525
24 years$44,246$34,134$26,023$19,635$14,687$9,239
25 years$42,024$32,033$24,102$17,932$13,216$8,117
26 years$39,976$30,106$22,353$16,396$11,905$7,137
27 years$38,084$28,333$20,757$15,008$10,733$6,280
28 years$36,329$26,698$19,296$13,750$9,685$5,528
29 years$34,699$25,187$17,957$12,609$8,745$4,870
30 years$33,180$23,786$16,726$11,572$7,902$4,291
31 years$31,762$22,486$15,593$10,628$7,144$3,783
32 years$30,435$21,276$14,549$9,768$6,462$3,336
33 years$29,191$20,149$13,584$8,982$5,848$2,943
34 years$28,023$19,097$12,692$8,264$5,295$2,597
35 years$26,924$18,113$11,867$7,608$4,796$2,292
36 years$25,888$17,192$11,101$7,007$4,345$2,023
37 years$24,911$16,328$10,390$6,456$3,938$1,786
38 years$23,987$15,518$9,730$5,950$3,570$1,578
39 years$23,113$14,756$9,116$5,486$3,238$1,393
40 years$22,285$14,039$8,544$5,060$2,937$1,231
41 years$21,499$13,364$8,012$4,669$2,664$1,087
42 years$20,752$12,727$7,515$4,309$2,418$961
43 years$20,042$12,126$7,052$3,978$2,194$849
44 years$19,367$11,559$6,620$3,673$1,992$750
45 years$18,723$11,023$6,216$3,392$1,808$663
46 years$18,109$10,515$5,838$3,133$1,642$586
47 years$17,523$10,035$5,485$2,895$1,491$518
48 years$16,963$9,579$5,154$2,675$1,354$458
49 years$16,427$9,148$4,845$2,472$1,229$404
50 years$15,914$8,738$4,555$2,285$1,117$358

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 $3,115 every year, while hoping to spend $35,206 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: 40/39/21 Blend
68$16,300,000$16,300,000$16,300,000$16,300,000
69$17,965,813$17,101,913$16,849,263$18,572,559
70$19,760,867$17,902,448$17,376,255$19,808,424
71$21,737,837$18,741,029$17,919,720$21,140,974
72$23,915,240$19,619,483$18,480,175$22,581,878
73$26,313,483$20,539,727$19,058,149$24,141,029
74$28,955,052$21,503,767$19,654,191$25,829,279
75$31,864,725$22,513,709$20,268,864$27,658,536
76$35,069,807$23,571,761$20,902,751$29,641,863
77$38,600,386$24,680,236$21,556,451$31,793,601
78$42,489,617$25,841,560$22,230,585$34,129,493
79$46,774,039$27,058,276$22,925,790$36,666,822
80$51,493,911$28,333,052$23,642,724$39,424,569
81$56,693,601$29,668,683$24,382,067$42,423,584
82$62,422,000$31,068,100$25,144,518$45,686,767
83$68,732,984$32,534,377$25,930,799$49,239,282
84$75,685,922$34,070,735$26,741,655$53,108,779
85$83,346,239$35,680,554$27,577,852$57,325,646
86$91,786,029$37,367,374$28,440,184$61,923,282
87$101,084,739$39,134,911$29,329,465$66,938,405
88$111,329,918$40,987,058$30,246,538$72,411,383
89$122,618,044$42,927,898$31,192,272$78,386,601
90$135,055,432$44,961,712$32,167,560$84,912,869
91$148,759,239$47,092,988$33,173,326$92,043,867
92$163,858,571$49,326,435$34,210,522$99,838,638
93$180,495,700$51,666,985$35,280,130$108,362,125
94$198,827,409$54,119,815$36,383,161$117,685,777
95$219,026,468$56,690,349$37,520,661$127,888,197
96$241,283,269$59,384,277$38,693,704$139,055,871
97$265,807,621$62,207,566$39,903,402$151,283,965
98$292,830,731$65,166,469$41,150,898$164,677,201
99$322,607,386$68,267,546$42,437,374$179,350,831
100$355,418,359$71,517,676$43,764,046$195,431,697