Can I retire at age 69 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,288,216
2 years$670,444$657,958$645,856$634,123$622,742$603,097
3 years$442,523$429,982$417,912$406,289$395,093$375,957
4 years$328,585$316,083$304,133$292,708$281,784$263,304
5 years$260,239$247,813$236,019$224,828$214,208$196,438
6 years$214,691$202,358$190,739$179,797$169,495$152,456
7 years$182,169$169,940$158,505$147,821$137,845$121,542
8 years$157,789$145,670$134,425$124,003$114,356$98,787
9 years$138,836$126,832$115,780$105,623$96,304$81,461
10 years$123,683$111,796$100,940$91,048$82,056$67,928
11 years$111,293$99,525$88,866$79,239$70,571$57,143
12 years$100,976$89,329$78,866$69,503$61,155$48,412
13 years$92,252$80,727$70,462$61,361$53,328$41,251
14 years$84,782$73,379$63,310$54,470$46,747$35,317
15 years$78,313$67,033$57,160$48,577$41,160$30,356
16 years$72,658$61,501$51,824$43,496$36,377$26,179
17 years$67,674$56,640$47,158$39,081$32,255$22,640
18 years$63,249$52,338$43,049$35,219$28,679$19,626
19 years$59,294$48,506$39,409$31,824$25,563$17,048
20 years$55,738$45,075$36,168$28,823$22,833$14,834
21 years$52,526$41,985$33,268$26,158$20,433$12,927
22 years$49,610$39,192$30,661$23,784$18,315$11,280
23 years$46,951$36,655$28,310$21,660$16,441$9,853
24 years$44,517$34,343$26,182$19,756$14,777$8,616
25 years$42,282$32,230$24,250$18,042$13,297$7,540
26 years$40,222$30,291$22,491$16,497$11,978$6,603
27 years$38,317$28,507$20,885$15,100$10,799$5,787
28 years$36,552$26,862$19,415$13,835$9,744$5,074
29 years$34,912$25,341$18,067$12,687$8,799$4,451
30 years$33,383$23,932$16,829$11,643$7,950$3,906
31 years$31,956$22,624$15,689$10,693$7,188$3,429
32 years$30,621$21,407$14,638$9,827$6,502$3,012
33 years$29,370$20,273$13,668$9,037$5,884$2,646
34 years$28,195$19,214$12,770$8,315$5,327$2,325
35 years$27,089$18,224$11,939$7,654$4,825$2,043
36 years$26,047$17,297$11,169$7,049$4,372$1,796
37 years$25,064$16,428$10,454$6,495$3,962$1,579
38 years$24,134$15,613$9,790$5,987$3,592$1,389
39 years$23,255$14,846$9,172$5,520$3,258$1,221
40 years$22,421$14,125$8,597$5,091$2,955$1,074
41 years$21,631$13,446$8,061$4,698$2,681$945
42 years$20,880$12,805$7,562$4,335$2,432$831
43 years$20,165$12,201$7,096$4,002$2,208$731
44 years$19,486$11,630$6,660$3,695$2,004$643
45 years$18,838$11,090$6,254$3,413$1,819$566
46 years$18,220$10,580$5,874$3,152$1,652$498
47 years$17,630$10,096$5,518$2,912$1,500$438
48 years$17,067$9,638$5,186$2,691$1,362$386
49 years$16,528$9,204$4,874$2,487$1,237$339
50 years$16,012$8,792$4,582$2,299$1,124$299

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $16,400,000, adding $6,258 every year, while hoping to spend $32,511 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$16,400,000$16,400,000$16,400,000$16,400,000
69$18,079,255$17,210,055$16,955,855$19,330,698
70$19,888,748$18,018,756$17,489,285$20,970,956
71$21,881,719$18,865,994$18,039,495$22,763,331
72$24,076,849$19,753,623$18,607,013$24,726,684
73$26,494,723$20,683,586$19,192,383$26,878,039
74$29,158,025$21,657,922$19,796,168$29,236,137
75$32,091,750$22,678,766$20,418,946$31,821,616
76$35,323,442$23,748,359$21,061,314$34,657,202
77$38,883,454$24,869,050$21,723,889$37,767,924
78$42,805,234$26,043,301$22,407,307$41,181,342
79$47,125,639$27,273,694$23,112,223$44,927,811
80$51,885,285$28,562,935$23,839,313$49,040,764
81$57,128,928$29,913,864$24,589,275$53,557,022
82$62,905,891$31,329,455$25,362,827$58,517,140
83$69,270,523$32,812,830$26,160,713$63,965,792
84$76,282,717$34,367,259$26,983,698$69,952,181
85$84,008,472$35,996,173$27,832,570$76,530,509
86$92,520,519$37,703,168$28,708,144$83,760,480
87$101,899,006$39,492,017$29,611,260$91,707,865
88$112,232,252$41,366,673$30,542,785$100,445,115
89$123,617,585$43,331,283$31,503,611$110,052,043
90$136,162,257$45,390,195$32,494,661$120,616,578
91$149,984,460$47,547,968$33,516,885$132,235,584
92$165,214,438$49,809,381$34,571,264$145,015,778
93$181,995,718$52,179,448$35,658,808$159,074,727
94$200,486,465$54,663,424$36,780,562$174,541,958
95$220,860,974$57,266,821$37,937,600$191,560,176
96$243,311,317$59,995,419$39,131,033$210,286,604
97$268,049,154$62,855,278$40,362,006$230,894,465
98$295,307,734$65,852,753$41,631,699$253,574,612
99$325,344,092$68,994,507$42,941,330$278,537,325
100$358,441,480$72,287,528$44,292,156$306,014,289