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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.9%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,318,005
2 years$686,796$674,005$661,609$649,590$637,931$616,178
3 years$453,316$440,470$428,105$416,198$404,730$383,551
4 years$336,599$323,792$311,551$299,847$288,657$268,216
5 years$266,587$253,857$241,776$230,312$219,432$199,788
6 years$219,927$207,293$195,391$184,182$173,629$154,804
7 years$186,612$174,085$162,371$151,426$141,207$123,207
8 years$161,637$149,223$137,703$127,028$117,145$99,967
9 years$142,223$129,925$118,604$108,199$98,653$82,288
10 years$126,700$114,523$103,402$93,269$84,057$68,491
11 years$114,008$101,953$91,033$81,172$72,292$57,509
12 years$103,439$91,507$80,790$71,199$62,647$48,628
13 years$94,503$82,696$72,180$62,858$54,629$41,354
14 years$86,849$75,168$64,854$55,798$47,888$35,334
15 years$80,223$68,668$58,555$49,762$42,164$30,309
16 years$74,430$63,001$53,088$44,557$37,265$26,083
17 years$69,325$58,022$48,308$40,034$33,041$22,509
18 years$64,791$53,615$44,099$36,078$29,379$19,470
19 years$60,740$49,690$40,371$32,600$26,186$16,875
20 years$57,098$46,174$37,050$29,526$23,390$14,651
21 years$53,807$43,009$34,079$26,796$20,931$12,739
22 years$50,820$40,148$31,409$24,364$18,762$11,090
23 years$48,096$37,549$29,001$22,189$16,842$9,665
24 years$45,603$35,181$26,821$20,237$15,138$8,431
25 years$43,313$33,016$24,841$18,482$13,622$7,361
26 years$41,203$31,029$23,039$16,899$12,270$6,431
27 years$39,252$29,202$21,394$15,468$11,062$5,622
28 years$37,444$27,517$19,888$14,172$9,982$4,918
29 years$35,763$25,959$18,508$12,996$9,013$4,304
30 years$34,198$24,516$17,239$11,927$8,144$3,768
31 years$32,736$23,176$16,072$10,954$7,363$3,300
32 years$31,368$21,929$14,995$10,067$6,660$2,890
33 years$30,086$20,767$14,001$9,258$6,028$2,533
34 years$28,882$19,682$13,082$8,518$5,457$2,220
35 years$27,750$18,668$12,231$7,841$4,943$1,946
36 years$26,682$17,719$11,441$7,221$4,479$1,706
37 years$25,675$16,829$10,709$6,654$4,059$1,497
38 years$24,723$15,994$10,028$6,133$3,680$1,313
39 years$23,822$15,208$9,396$5,655$3,337$1,151
40 years$22,968$14,469$8,807$5,216$3,027$1,010
41 years$22,158$13,774$8,258$4,812$2,746$886
42 years$21,389$13,117$7,746$4,441$2,492$778
43 years$20,657$12,498$7,269$4,100$2,261$682
44 years$19,961$11,913$6,823$3,785$2,053$599
45 years$19,297$11,361$6,406$3,496$1,863$526
46 years$18,664$10,838$6,017$3,229$1,692$461
47 years$18,060$10,342$5,653$2,983$1,536$405
48 years$17,483$9,873$5,312$2,757$1,395$355
49 years$16,931$9,428$4,993$2,548$1,267$312
50 years$16,403$9,006$4,694$2,355$1,151$274

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 $3,492 every year, while hoping to spend $34,219 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: 67/25/8 Blend
68$16,800,000$16,800,000$16,800,000$16,800,000
69$18,517,202$17,626,802$17,366,402$19,730,174
70$20,369,548$18,454,107$17,911,768$21,363,218
71$22,409,686$19,320,802$18,474,256$23,143,427
72$24,656,735$20,228,783$19,054,405$25,088,696
73$27,131,764$21,180,034$19,652,769$27,215,149
74$29,857,986$22,176,638$20,269,919$29,540,518
75$32,860,984$23,220,778$20,906,445$32,084,313
76$36,168,950$24,314,741$21,562,956$34,868,000
77$39,812,946$25,460,926$22,240,079$37,915,195
78$43,827,205$26,661,850$22,938,460$41,251,886
79$48,249,448$27,920,149$23,658,767$44,906,671
80$53,121,244$29,238,589$24,401,688$48,911,025
81$58,488,400$30,620,068$25,167,933$53,299,587
82$64,401,392$32,067,627$25,958,234$58,110,484
83$70,915,845$33,584,452$26,773,346$63,385,685
84$78,093,057$35,173,885$27,614,048$69,171,388
85$86,000,573$36,839,430$28,481,143$75,518,452
86$94,712,830$38,584,761$29,375,460$82,482,867
87$104,311,853$40,413,728$30,297,852$90,126,277
88$114,888,033$42,330,373$31,249,202$98,516,553
89$126,540,980$44,338,928$32,230,417$107,728,427
90$139,380,459$46,443,835$33,242,436$117,844,186
91$153,527,433$48,649,750$34,286,225$128,954,442
92$169,115,199$50,961,555$35,362,781$141,158,977
93$186,290,648$53,384,370$36,473,132$154,567,674
94$205,215,652$55,923,562$37,618,340$169,301,545
95$226,068,592$58,584,760$38,799,498$185,493,863
96$249,046,042$61,373,867$40,017,735$203,291,408
97$274,364,623$64,297,071$41,274,213$222,855,839
98$302,263,049$67,360,863$42,570,135$244,365,210
99$333,004,382$70,572,047$43,906,736$268,015,636
100$366,878,512$73,937,760$45,285,295$294,023,133