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

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,264,884
2 years$670,444$657,958$645,856$634,123$622,742$579,956
3 years$442,523$429,982$417,912$406,289$395,093$353,739
4 years$328,585$316,083$304,133$292,708$281,784$242,177
5 years$260,239$247,813$236,019$224,828$214,208$176,454
6 years$214,691$202,358$190,739$179,797$169,495$133,627
7 years$182,169$169,940$158,505$147,821$137,845$103,857
8 years$157,789$145,670$134,425$124,003$114,356$82,223
9 years$138,836$126,832$115,780$105,623$96,304$65,990
10 years$123,683$111,796$100,940$91,048$82,056$53,512
11 years$111,293$99,525$88,866$79,239$70,571$43,744
12 years$100,976$89,329$78,866$69,503$61,155$35,986
13 years$92,252$80,727$70,462$61,361$53,328$29,754
14 years$84,782$73,379$63,310$54,470$46,747$24,702
15 years$78,313$67,033$57,160$48,577$41,160$20,576
16 years$72,658$61,501$51,824$43,496$36,377$17,186
17 years$67,674$56,640$47,158$39,081$32,255$14,386
18 years$63,249$52,338$43,049$35,219$28,679$12,065
19 years$59,294$48,506$39,409$31,824$25,563$10,134
20 years$55,738$45,075$36,168$28,823$22,833$8,523
21 years$52,526$41,985$33,268$26,158$20,433$7,176
22 years$49,610$39,192$30,661$23,784$18,315$6,047
23 years$46,951$36,655$28,310$21,660$16,441$5,100
24 years$44,517$34,343$26,182$19,756$14,777$4,303
25 years$42,282$32,230$24,250$18,042$13,297$3,633
26 years$40,222$30,291$22,491$16,497$11,978$3,069
27 years$38,317$28,507$20,885$15,100$10,799$2,593
28 years$36,552$26,862$19,415$13,835$9,744$2,192
29 years$34,912$25,341$18,067$12,687$8,799$1,853
30 years$33,383$23,932$16,829$11,643$7,950$1,567
31 years$31,956$22,624$15,689$10,693$7,188$1,326
32 years$30,621$21,407$14,638$9,827$6,502$1,122
33 years$29,370$20,273$13,668$9,037$5,884$949
34 years$28,195$19,214$12,770$8,315$5,327$803
35 years$27,089$18,224$11,939$7,654$4,825$680
36 years$26,047$17,297$11,169$7,049$4,372$575
37 years$25,064$16,428$10,454$6,495$3,962$487
38 years$24,134$15,613$9,790$5,987$3,592$412
39 years$23,255$14,846$9,172$5,520$3,258$349
40 years$22,421$14,125$8,597$5,091$2,955$295
41 years$21,631$13,446$8,061$4,698$2,681$250
42 years$20,880$12,805$7,562$4,335$2,432$212
43 years$20,165$12,201$7,096$4,002$2,208$179
44 years$19,486$11,630$6,660$3,695$2,004$152
45 years$18,838$11,090$6,254$3,413$1,819$128
46 years$18,220$10,580$5,874$3,152$1,652$109
47 years$17,630$10,096$5,518$2,912$1,500$92
48 years$17,067$9,638$5,186$2,691$1,362$78
49 years$16,528$9,204$4,874$2,487$1,237$66
50 years$16,012$8,792$4,582$2,299$1,124$56

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 $3,204 every year, while hoping to spend $56,595 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: 28/45/27 Blend
68$16,400,000$16,400,000$16,400,000$16,400,000
69$18,076,105$17,206,905$16,952,705$18,430,453
70$19,859,651$17,989,827$17,460,404$19,495,822
71$21,823,222$18,809,215$17,983,214$20,634,494
72$23,985,121$19,666,796$18,521,582$21,856,737
73$26,365,515$20,564,381$19,075,966$23,169,755
74$28,986,627$21,503,866$19,646,841$24,581,433
75$31,872,946$22,487,238$20,234,693$26,100,401
76$35,051,454$23,516,580$20,840,023$27,736,109
77$38,551,885$24,594,075$21,463,346$29,498,905
78$42,407,003$25,722,011$22,105,195$31,400,128
79$46,652,913$26,902,785$22,766,114$33,452,201
80$51,329,397$28,138,909$23,446,666$35,668,744
81$56,480,297$29,433,016$24,147,431$38,064,688
82$62,153,920$30,787,867$24,869,002$40,656,409
83$68,403,501$32,206,353$25,611,995$43,461,869
84$75,287,700$33,691,507$26,377,039$46,500,775
85$82,871,160$35,246,505$27,164,784$49,794,755
86$91,225,112$36,874,677$27,975,898$53,367,546
87$100,428,051$38,579,514$28,811,068$57,245,210
88$110,566,477$40,364,675$29,671,004$61,456,360
89$121,735,707$42,233,994$30,556,432$66,032,421
90$134,040,779$44,191,489$31,468,102$71,007,912
91$147,597,442$46,241,375$32,406,787$76,420,750
92$162,533,246$48,388,068$33,373,279$82,312,599
93$178,988,749$50,636,195$34,368,396$88,729,244
94$197,118,842$52,990,610$35,392,979$95,721,003
95$217,094,213$55,456,398$36,447,892$103,343,185
96$239,102,952$58,038,891$37,534,026$111,656,593
97$263,352,334$60,743,678$38,652,297$120,728,079
98$290,070,771$63,576,617$39,803,648$130,631,149
99$319,509,969$66,543,850$40,989,049$141,446,640
100$351,947,301$69,651,815$42,209,498$153,263,456