Can I retire at age 69 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,303,569
2 years$686,796$674,005$661,609$649,590$637,931$601,833
3 years$453,316$440,470$428,105$416,198$404,730$369,749
4 years$336,599$323,792$311,551$299,847$288,657$255,062
5 years$266,587$253,857$241,776$230,312$219,432$187,316
6 years$219,927$207,293$195,391$184,182$173,629$143,023
7 years$186,612$174,085$162,371$151,426$141,207$112,112
8 years$161,637$149,223$137,703$127,028$117,145$89,546
9 years$142,223$129,925$118,604$108,199$98,653$72,525
10 years$126,700$114,523$103,402$93,269$84,057$59,367
11 years$114,008$101,953$91,033$81,172$72,292$49,001
12 years$103,439$91,507$80,790$71,199$62,647$40,713
13 years$94,503$82,696$72,180$62,858$54,629$34,006
14 years$86,849$75,168$64,854$55,798$47,888$28,526
15 years$80,223$68,668$58,555$49,762$42,164$24,014
16 years$74,430$63,001$53,088$44,557$37,265$20,275
17 years$69,325$58,022$48,308$40,034$33,041$17,160
18 years$64,791$53,615$44,099$36,078$29,379$14,552
19 years$60,740$49,690$40,371$32,600$26,186$12,362
20 years$57,098$46,174$37,050$29,526$23,390$10,517
21 years$53,807$43,009$34,079$26,796$20,931$8,958
22 years$50,820$40,148$31,409$24,364$18,762$7,637
23 years$48,096$37,549$29,001$22,189$16,842$6,517
24 years$45,603$35,181$26,821$20,237$15,138$5,566
25 years$43,313$33,016$24,841$18,482$13,622$4,756
26 years$41,203$31,029$23,039$16,899$12,270$4,066
27 years$39,252$29,202$21,394$15,468$11,062$3,478
28 years$37,444$27,517$19,888$14,172$9,982$2,976
29 years$35,763$25,959$18,508$12,996$9,013$2,547
30 years$34,198$24,516$17,239$11,927$8,144$2,181
31 years$32,736$23,176$16,072$10,954$7,363$1,868
32 years$31,368$21,929$14,995$10,067$6,660$1,600
33 years$30,086$20,767$14,001$9,258$6,028$1,371
34 years$28,882$19,682$13,082$8,518$5,457$1,174
35 years$27,750$18,668$12,231$7,841$4,943$1,006
36 years$26,682$17,719$11,441$7,221$4,479$863
37 years$25,675$16,829$10,709$6,654$4,059$739
38 years$24,723$15,994$10,028$6,133$3,680$634
39 years$23,822$15,208$9,396$5,655$3,337$543
40 years$22,968$14,469$8,807$5,216$3,027$466
41 years$22,158$13,774$8,258$4,812$2,746$399
42 years$21,389$13,117$7,746$4,441$2,492$342
43 years$20,657$12,498$7,269$4,100$2,261$294
44 years$19,961$11,913$6,823$3,785$2,053$252
45 years$19,297$11,361$6,406$3,496$1,863$216
46 years$18,664$10,838$6,017$3,229$1,692$185
47 years$18,060$10,342$5,653$2,983$1,536$159
48 years$17,483$9,873$5,312$2,757$1,395$136
49 years$16,931$9,428$4,993$2,548$1,267$117
50 years$16,403$9,006$4,694$2,355$1,151$100

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $16,800,000, adding $5,331 every year, while hoping to spend $28,492 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: 59/29/12 Blend
68$16,800,000$16,800,000$16,800,000$16,800,000
69$18,519,099$17,628,699$17,368,299$19,557,160
70$20,377,732$18,462,190$17,919,822$21,090,370
71$22,424,990$19,335,567$18,488,866$22,757,794
72$24,680,084$20,250,755$19,075,987$24,575,312
73$27,164,181$21,209,770$19,681,762$26,557,372
74$29,900,608$22,214,730$20,306,781$28,719,859
75$32,915,070$23,267,851$20,951,658$31,080,234
76$36,235,892$24,371,460$21,617,023$33,657,701
77$39,894,287$25,527,996$22,303,528$36,473,376
78$43,924,652$26,740,016$23,011,844$39,550,486
79$48,364,891$28,010,201$23,742,665$42,914,576
80$53,256,771$29,341,362$24,496,705$46,593,746
81$58,646,321$30,736,448$25,274,705$50,618,912
82$64,584,262$32,198,551$26,077,423$55,024,088
83$71,126,488$33,730,910$26,905,648$59,846,696
84$78,334,591$35,336,927$27,760,189$65,127,919
85$86,276,447$37,020,163$28,641,882$70,913,076
86$95,026,852$38,784,358$29,551,592$77,252,041
87$104,668,229$40,633,430$30,490,209$84,199,708
88$115,291,409$42,571,489$31,458,652$91,816,497
89$126,996,484$44,602,844$32,457,868$100,168,915
90$139,893,756$46,732,013$33,488,837$109,330,174
91$154,104,774$48,963,736$34,552,568$119,380,869
92$169,763,484$51,302,983$35,650,102$130,409,731
93$187,017,493$53,754,962$36,782,514$142,514,449
94$206,029,462$56,325,141$37,950,913$155,802,583
95$226,978,642$59,019,247$39,156,444$170,392,562
96$250,062,565$61,843,292$40,400,286$186,414,793
97$275,498,909$64,803,575$41,683,658$204,012,875
98$303,527,554$67,906,707$43,007,817$223,344,938
99$334,412,845$71,159,616$44,374,059$244,585,124
100$368,446,088$74,569,571$45,783,723$267,925,211