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%15.3%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,302,665
2 years$682,708$669,993$657,671$645,723$634,134$605,046
3 years$450,618$437,848$425,556$413,721$402,321$374,070
4 years$334,595$321,865$309,696$298,063$286,938$259,742
5 years$265,000$252,346$240,337$228,941$218,126$192,061
6 years$218,618$206,059$194,228$183,086$172,596$147,690
7 years$185,501$173,048$161,404$150,525$140,367$116,624
8 years$160,675$148,334$136,884$126,272$116,448$93,860
9 years$141,376$129,152$117,898$107,555$98,066$76,617
10 years$125,946$113,841$102,786$92,714$83,557$63,225
11 years$113,329$101,346$90,491$80,689$71,862$52,620
12 years$102,823$90,963$80,309$70,775$62,274$44,093
13 years$93,940$82,204$71,750$62,484$54,304$37,151
14 years$86,333$74,721$64,468$55,466$47,603$31,444
15 years$79,745$68,259$58,206$49,466$41,913$26,712
16 years$73,987$62,626$52,772$44,291$37,043$22,763
17 years$68,912$57,676$48,021$39,795$32,845$19,447
18 years$64,405$53,296$43,837$35,864$29,204$16,651
19 years$60,378$49,394$40,130$32,406$26,030$14,283
20 years$56,758$45,899$36,830$29,350$23,251$12,271
21 years$53,487$42,753$33,876$26,637$20,807$10,557
22 years$50,517$39,909$31,222$24,219$18,650$9,092
23 years$47,810$37,326$28,828$22,057$16,742$7,838
24 years$45,332$34,972$26,661$20,117$15,048$6,763
25 years$43,055$32,819$24,694$18,372$13,541$5,839
26 years$40,957$30,845$22,902$16,798$12,197$5,044
27 years$39,018$29,029$21,267$15,376$10,997$4,360
28 years$37,221$27,353$19,770$14,088$9,922$3,771
29 years$35,550$25,805$18,398$12,919$8,960$3,262
30 years$33,994$24,370$17,137$11,856$8,096$2,823
31 years$32,541$23,038$15,976$10,889$7,319$2,444
32 years$31,182$21,798$14,906$10,007$6,621$2,116
33 years$29,907$20,643$13,918$9,202$5,992$1,833
34 years$28,710$19,565$13,004$8,467$5,425$1,588
35 years$27,584$18,557$12,158$7,794$4,914$1,376
36 years$26,523$17,614$11,373$7,178$4,452$1,192
37 years$25,522$16,729$10,645$6,614$4,035$1,033
38 years$24,576$15,898$9,969$6,096$3,658$895
39 years$23,680$15,118$9,340$5,621$3,317$776
40 years$22,832$14,383$8,754$5,185$3,009$673
41 years$22,026$13,692$8,209$4,783$2,730$583
42 years$21,262$13,039$7,700$4,415$2,477$506
43 years$20,534$12,424$7,225$4,075$2,248$438
44 years$19,842$11,843$6,782$3,763$2,040$380
45 years$19,182$11,293$6,368$3,475$1,852$330
46 years$18,553$10,773$5,981$3,210$1,682$286
47 years$17,953$10,281$5,619$2,966$1,527$248
48 years$17,379$9,814$5,281$2,740$1,387$215
49 years$16,830$9,372$4,963$2,533$1,260$186
50 years$16,305$8,953$4,666$2,341$1,144$162

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 $4,539 every year, while hoping to spend $50,084 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: 61/16/23 Blend
68$16,700,000$16,700,000$16,700,000$16,700,000
69$18,408,082$17,522,982$17,264,132$19,418,745
70$20,232,417$18,328,319$17,789,191$20,909,584
71$22,241,156$19,171,439$18,330,162$22,530,130
72$24,453,055$20,054,141$18,887,523$24,297,788
73$26,888,782$20,978,308$19,461,770$26,226,884
74$29,571,110$21,945,918$20,053,412$28,333,182
75$32,525,136$22,959,040$20,662,974$30,634,023
76$35,778,512$24,019,846$21,290,995$33,148,490
77$39,361,710$25,130,608$21,938,034$35,897,579
78$43,308,309$26,293,713$22,604,663$38,904,401
79$47,655,310$27,511,658$23,291,472$42,194,387
80$52,443,486$28,787,063$23,999,071$45,795,531
81$57,717,767$30,122,675$24,728,085$49,738,645
82$63,527,663$31,521,370$25,479,160$54,057,649
83$69,927,733$32,986,166$26,252,961$58,789,881
84$76,978,099$34,520,225$27,050,171$63,976,450
85$84,745,010$36,126,861$27,871,497$69,662,616
86$93,301,474$37,809,549$28,717,665$75,898,210
87$102,727,939$39,571,933$29,589,422$82,738,103
88$113,113,060$41,417,829$30,487,539$90,242,712
89$124,554,530$43,351,240$31,412,809$98,478,570
90$137,160,004$45,376,362$32,366,050$107,518,944
91$151,048,115$47,497,595$33,348,103$117,444,519
92$166,349,593$49,719,548$34,359,835$128,344,156
93$183,208,502$52,047,055$35,402,140$140,315,719
94$201,783,593$54,485,185$36,475,936$153,466,996
95$222,249,810$57,039,250$37,582,170$167,916,703
96$244,799,937$59,714,819$38,721,819$183,795,600
97$269,646,417$62,517,732$39,895,886$201,247,716
98$297,023,359$65,454,109$41,105,406$220,431,696
99$327,188,750$68,530,368$42,351,445$241,522,295
100$360,426,884$71,753,237$43,635,100$264,712,012