Can I retire at age 69 with 16,600,000?

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,279,798
2 years$678,620$665,981$653,733$641,856$630,337$586,525
3 years$447,919$435,226$423,008$411,244$399,912$357,573
4 years$332,592$319,937$307,842$296,278$285,220$244,679
5 years$263,413$250,835$238,898$227,570$216,820$178,183
6 years$217,309$204,825$193,065$181,989$171,562$134,862
7 years$184,391$172,012$160,438$149,624$139,526$104,757
8 years$159,713$147,446$136,064$125,515$115,750$82,887
9 years$140,529$128,378$117,192$106,911$97,479$66,482
10 years$125,192$113,159$102,171$92,159$83,057$53,877
11 years$112,651$100,739$89,949$80,206$71,431$44,014
12 years$102,207$90,418$79,828$70,351$61,901$36,184
13 years$93,377$81,711$71,321$62,109$53,979$29,897
14 years$85,816$74,273$64,082$55,134$47,318$24,804
15 years$79,268$67,850$57,857$49,170$41,662$20,646
16 years$73,544$62,251$52,456$44,026$36,821$17,232
17 years$68,499$57,331$47,733$39,557$32,648$14,414
18 years$64,020$52,976$43,574$35,649$29,029$12,080
19 years$60,017$49,098$39,890$32,212$25,874$10,139
20 years$56,418$45,624$36,609$29,174$23,111$8,521
21 years$53,167$42,497$33,673$26,477$20,682$7,168
22 years$50,215$39,670$31,035$24,074$18,539$6,036
23 years$47,523$37,102$28,656$21,925$16,641$5,086
24 years$45,060$34,762$26,501$19,996$14,958$4,289
25 years$42,797$32,623$24,546$18,262$13,460$3,618
26 years$40,712$30,660$22,765$16,698$12,124$3,054
27 years$38,785$28,855$21,139$15,284$10,931$2,578
28 years$36,998$27,190$19,652$14,003$9,863$2,178
29 years$35,337$25,650$18,288$12,841$8,906$1,840
30 years$33,790$24,224$17,034$11,785$8,047$1,554
31 years$32,346$22,900$15,880$10,824$7,275$1,314
32 years$30,995$21,668$14,817$9,947$6,581$1,111
33 years$29,728$20,520$13,834$9,147$5,956$939
34 years$28,538$19,448$12,926$8,416$5,392$794
35 years$27,419$18,446$12,085$7,748$4,884$671
36 years$26,365$17,508$11,305$7,135$4,425$568
37 years$25,369$16,629$10,582$6,574$4,011$480
38 years$24,429$15,803$9,909$6,060$3,636$406
39 years$23,538$15,027$9,284$5,587$3,297$343
40 years$22,695$14,297$8,702$5,154$2,991$290
41 years$21,894$13,610$8,159$4,755$2,713$246
42 years$21,134$12,961$7,654$4,388$2,462$208
43 years$20,411$12,350$7,182$4,051$2,234$176
44 years$19,723$11,772$6,742$3,740$2,028$149
45 years$19,067$11,225$6,330$3,454$1,841$126
46 years$18,442$10,709$5,945$3,191$1,672$106
47 years$17,845$10,219$5,586$2,948$1,518$90
48 years$17,275$9,756$5,249$2,724$1,379$76
49 years$16,729$9,316$4,934$2,517$1,252$64
50 years$16,207$8,899$4,638$2,327$1,137$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $16,600,000, adding $6,417 every year, while hoping to spend $53,568 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: 72/13/15 Blend
68$16,600,000$16,600,000$16,600,000$16,600,000
69$18,299,819$17,420,019$17,162,719$19,555,466
70$20,109,405$18,216,604$17,680,674$21,185,586
71$22,101,773$19,050,426$18,214,186$22,962,979
72$24,295,510$19,923,254$18,763,718$24,907,954
73$26,711,099$20,836,940$19,329,749$27,037,089
74$29,371,107$21,793,426$19,912,771$29,368,632
75$32,300,403$22,794,748$20,513,293$31,922,671
76$35,526,392$23,843,037$21,131,835$34,721,322
77$39,079,268$24,940,531$21,768,936$37,788,932
78$42,992,307$26,089,570$22,425,149$41,152,307
79$47,302,175$27,292,612$23,101,044$44,840,963
80$52,049,277$28,552,230$23,797,209$48,887,401
81$57,278,134$29,871,120$24,514,246$53,327,410
82$63,037,810$31,252,111$25,252,780$58,200,398
83$69,382,367$32,698,165$26,013,449$63,549,765
84$76,371,383$34,212,389$26,796,913$69,423,309
85$84,070,506$35,798,039$27,603,852$75,873,668
86$92,552,082$37,458,526$28,434,965$82,958,815
87$101,895,829$39,197,429$29,290,971$90,742,605
88$112,189,596$41,018,496$30,172,612$99,295,365
89$123,530,190$42,925,658$31,080,650$108,694,560
90$136,024,289$44,923,034$32,015,870$119,025,517
91$149,789,447$47,014,943$32,979,082$130,382,223
92$164,955,207$49,205,912$33,971,118$142,868,209
93$181,664,323$51,500,686$34,992,836$156,597,521
94$200,074,105$53,904,241$36,045,117$171,695,792
95$220,357,905$56,421,790$37,128,870$188,301,418
96$242,706,755$59,058,801$38,245,030$206,566,862
97$267,331,166$61,821,005$39,394,561$226,660,083
98$294,463,119$64,714,408$40,578,452$248,766,118
99$324,358,252$67,745,310$41,797,726$273,088,818
100$357,298,277$70,920,312$43,053,432$299,852,766