Can I retire at age 69 with 16,700,000?

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,321,075
2 years$682,708$669,993$657,671$645,723$634,134$623,443
3 years$450,618$437,848$425,556$413,721$402,321$391,876
4 years$334,595$321,865$309,696$298,063$286,938$276,820
5 years$265,000$252,346$240,337$228,941$218,126$208,364
6 years$218,618$206,059$194,228$183,086$172,596$163,202
7 years$185,501$173,048$161,404$150,525$140,367$131,346
8 years$160,675$148,334$136,884$126,272$116,448$107,800
9 years$141,376$129,152$117,898$107,555$98,066$89,788
10 years$125,946$113,841$102,786$92,714$83,557$75,645
11 years$113,329$101,346$90,491$80,689$71,862$64,310
12 years$102,823$90,963$80,309$70,775$62,274$55,075
13 years$93,940$82,204$71,750$62,484$54,304$47,450
14 years$86,333$74,721$64,468$55,466$47,603$41,085
15 years$79,745$68,259$58,206$49,466$41,913$35,723
16 years$73,987$62,626$52,772$44,291$37,043$31,171
17 years$68,912$57,676$48,021$39,795$32,845$27,281
18 years$64,405$53,296$43,837$35,864$29,204$23,938
19 years$60,378$49,394$40,130$32,406$26,030$21,051
20 years$56,758$45,899$36,830$29,350$23,251$18,549
21 years$53,487$42,753$33,876$26,637$20,807$16,371
22 years$50,517$39,909$31,222$24,219$18,650$14,469
23 years$47,810$37,326$28,828$22,057$16,742$12,805
24 years$45,332$34,972$26,661$20,117$15,048$11,345
25 years$43,055$32,819$24,694$18,372$13,541$10,062
26 years$40,957$30,845$22,902$16,798$12,197$8,931
27 years$39,018$29,029$21,267$15,376$10,997$7,933
28 years$37,221$27,353$19,770$14,088$9,922$7,052
29 years$35,550$25,805$18,398$12,919$8,960$6,272
30 years$33,994$24,370$17,137$11,856$8,096$5,581
31 years$32,541$23,038$15,976$10,889$7,319$4,969
32 years$31,182$21,798$14,906$10,007$6,621$4,426
33 years$29,907$20,643$13,918$9,202$5,992$3,943
34 years$28,710$19,565$13,004$8,467$5,425$3,514
35 years$27,584$18,557$12,158$7,794$4,914$3,133
36 years$26,523$17,614$11,373$7,178$4,452$2,794
37 years$25,522$16,729$10,645$6,614$4,035$2,492
38 years$24,576$15,898$9,969$6,096$3,658$2,223
39 years$23,680$15,118$9,340$5,621$3,317$1,984
40 years$22,832$14,383$8,754$5,185$3,009$1,771
41 years$22,026$13,692$8,209$4,783$2,730$1,580
42 years$21,262$13,039$7,700$4,415$2,477$1,411
43 years$20,534$12,424$7,225$4,075$2,248$1,260
44 years$19,842$11,843$6,782$3,763$2,040$1,125
45 years$19,182$11,293$6,368$3,475$1,852$1,004
46 years$18,553$10,773$5,981$3,210$1,682$897
47 years$17,953$10,281$5,619$2,966$1,527$801
48 years$17,379$9,814$5,281$2,740$1,387$715
49 years$16,830$9,372$4,963$2,533$1,260$639
50 years$16,305$8,953$4,666$2,341$1,144$571

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $16,700,000, adding $2,544 every year, while hoping to spend $49,446 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: 82/7/11 Blend
68$16,700,000$16,700,000$16,700,000$16,700,000
69$18,406,024$17,520,924$17,262,074$19,881,182
70$20,230,828$18,326,839$17,787,743$21,654,100
71$22,240,106$19,170,587$18,329,365$23,593,444
72$24,452,620$20,053,969$18,887,422$25,721,225
73$26,889,047$20,978,873$19,462,411$28,056,321
74$29,572,171$21,947,279$20,054,843$30,619,525
75$32,527,097$22,961,261$20,665,245$33,433,735
76$35,781,491$24,022,993$21,294,161$36,524,172
77$39,365,836$25,134,753$21,942,149$39,918,615
78$43,313,726$26,298,930$22,609,785$43,647,659
79$47,662,177$27,518,029$23,297,664$47,745,005
80$52,451,979$28,794,672$24,006,395$52,247,777
81$57,728,081$30,131,611$24,736,610$57,196,865
82$63,540,014$31,531,729$25,488,955$62,637,313
83$69,942,360$32,998,048$26,264,100$68,618,741
84$76,995,266$34,533,737$27,062,732$75,195,812
85$84,765,009$36,142,117$27,885,560$82,428,741
86$93,324,627$37,826,668$28,733,313$90,383,867
87$102,754,604$39,591,040$29,606,744$99,134,273
88$113,143,632$41,439,058$30,506,628$108,760,472
89$124,589,444$43,374,734$31,433,761$119,351,166
90$137,199,741$45,402,270$32,388,966$131,004,080
91$151,093,207$47,526,073$33,373,089$143,826,883
92$166,400,628$49,750,765$34,387,002$157,938,195
93$183,266,127$52,081,187$35,431,601$173,468,710
94$201,848,525$54,522,419$36,507,813$190,562,424
95$222,322,840$57,079,782$37,616,590$209,377,989
96$244,881,935$59,758,857$38,758,912$230,090,206
97$269,738,347$62,565,496$39,935,790$252,891,676
98$297,126,285$65,505,831$41,148,265$277,994,608
99$327,303,842$68,586,293$42,397,408$305,632,822
100$360,555,437$71,813,625$43,684,324$336,063,948