Can I retire at age 69 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,310,189
2 years$674,532$661,969$649,794$637,990$626,540$620,943
3 years$445,221$432,604$420,460$408,766$397,502$392,026
4 years$330,588$318,010$305,987$294,493$283,502$278,188
5 years$261,826$249,324$237,459$226,199$215,514$210,377
6 years$216,000$203,592$191,902$180,893$170,529$165,577
7 years$183,280$170,976$159,471$148,722$138,686$133,921
8 years$158,751$146,558$135,244$124,759$115,053$110,477
9 years$139,683$127,605$116,486$106,267$96,891$92,502
10 years$124,437$112,478$101,555$91,603$82,556$78,351
11 years$111,972$100,132$89,407$79,722$71,001$66,978
12 years$101,592$89,873$79,347$69,927$61,528$57,684
13 years$92,815$81,219$70,891$61,735$53,654$49,985
14 years$85,299$73,826$63,696$54,802$47,032$43,535
15 years$78,790$67,441$57,509$48,873$41,411$38,081
16 years$73,101$61,876$52,140$43,761$36,599$33,432
17 years$68,087$56,986$47,446$39,319$32,451$29,442
18 years$63,634$52,657$43,312$35,434$28,854$25,998
19 years$59,655$48,802$39,650$32,018$25,718$23,010
20 years$56,078$45,349$36,389$28,998$22,972$20,407
21 years$52,846$42,241$33,470$26,318$20,558$18,130
22 years$49,912$39,431$30,848$23,929$18,427$16,132
23 years$47,237$36,879$28,483$21,793$16,541$14,374
24 years$44,789$34,553$26,342$19,876$14,867$12,823
25 years$42,540$32,426$24,398$18,152$13,378$11,451
26 years$40,467$30,475$22,628$16,597$12,051$10,236
27 years$38,551$28,681$21,012$15,192$10,865$9,157
28 years$36,775$27,026$19,533$13,919$9,804$8,198
29 years$35,124$25,496$18,177$12,764$8,852$7,344
30 years$33,587$24,078$16,932$11,714$7,999$6,583
31 years$32,151$22,762$15,785$10,759$7,232$5,904
32 years$30,808$21,537$14,727$9,887$6,541$5,297
33 years$29,549$20,396$13,751$9,092$5,920$4,755
34 years$28,367$19,331$12,848$8,366$5,360$4,270
35 years$27,254$18,335$12,012$7,701$4,855$3,836
36 years$26,206$17,403$11,237$7,092$4,399$3,446
37 years$25,216$16,529$10,518$6,535$3,987$3,098
38 years$24,281$15,708$9,849$6,023$3,614$2,785
39 years$23,397$14,937$9,228$5,554$3,277$2,504
40 years$22,558$14,211$8,649$5,123$2,973$2,252
41 years$21,763$13,528$8,110$4,726$2,697$2,026
42 years$21,007$12,883$7,608$4,362$2,447$1,822
43 years$20,288$12,275$7,139$4,026$2,221$1,640
44 years$19,604$11,701$6,701$3,718$2,016$1,476
45 years$18,953$11,158$6,292$3,433$1,830$1,328
46 years$18,331$10,644$5,910$3,171$1,662$1,195
47 years$17,738$10,158$5,552$2,930$1,509$1,076
48 years$17,171$9,697$5,217$2,707$1,370$969
49 years$16,629$9,260$4,904$2,502$1,245$872
50 years$16,110$8,846$4,610$2,313$1,130$785

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $16,500,000, adding $6,860 every year, while hoping to spend $50,251 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: 78/11/11 Blend
68$16,500,000$16,500,000$16,500,000$16,500,000
69$18,190,076$17,315,576$17,059,826$19,572,325
70$19,991,997$18,110,573$17,577,864$21,277,179
71$21,976,030$18,942,840$18,111,571$23,139,433
72$24,160,697$19,814,151$18,661,421$25,180,489
73$26,566,408$20,726,364$19,227,898$27,418,161
74$29,215,653$21,681,427$19,811,504$29,872,062
75$32,133,214$22,681,382$20,412,754$32,563,788
76$35,346,400$23,728,368$21,032,180$35,517,120
77$38,885,303$24,824,628$21,670,327$38,758,244
78$42,783,081$25,972,511$22,327,760$42,315,998
79$47,076,273$27,174,483$23,005,059$46,222,140
80$51,805,145$28,433,124$23,702,820$50,511,646
81$57,014,065$29,751,143$24,421,660$55,223,036
82$62,751,926$31,131,375$25,162,212$60,398,737
83$69,072,605$32,576,795$25,925,129$66,085,476
84$76,035,473$34,090,521$26,711,083$72,334,722
85$83,705,954$35,675,818$27,520,766$79,203,167
86$92,156,142$37,336,114$28,354,893$86,753,257
87$101,465,483$39,074,998$29,214,196$95,053,779
88$111,721,523$40,896,233$30,099,432$104,180,504
89$123,020,735$42,803,766$31,011,380$114,216,901
90$135,469,432$44,801,732$31,950,843$125,254,920
91$149,184,763$46,894,467$32,918,646$137,395,854
92$164,295,829$49,086,515$33,915,640$150,751,291
93$180,944,890$51,382,641$34,942,701$165,444,165
94$199,288,719$53,787,841$36,000,732$181,609,910
95$219,500,074$56,307,350$37,090,661$199,397,730
96$241,769,329$58,946,658$38,213,446$218,972,009
97$266,306,276$61,711,520$39,370,072$240,513,850
98$293,342,101$64,607,969$40,561,554$264,222,784
99$323,131,566$67,642,331$41,788,938$290,318,642
100$355,955,417$70,821,236$43,053,298$319,043,631