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%13%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,322,915
2 years$686,796$674,005$661,609$649,590$637,931$621,087
3 years$453,316$440,470$428,105$416,198$404,730$388,305
4 years$336,599$323,792$311,551$299,847$288,657$272,777
5 years$266,587$253,857$241,776$230,312$219,432$204,145
6 years$219,927$207,293$195,391$184,182$173,629$158,953
7 years$186,612$174,085$162,371$151,426$141,207$127,146
8 years$161,637$149,223$137,703$127,028$117,145$103,699
9 years$142,223$129,925$118,604$108,199$98,653$85,816
10 years$126,700$114,523$103,402$93,269$84,057$71,820
11 years$114,008$101,953$91,033$81,172$72,292$60,644
12 years$103,439$91,507$80,790$71,199$62,647$51,575
13 years$94,503$82,696$72,180$62,858$54,629$44,120
14 years$86,849$75,168$64,854$55,798$47,888$37,925
15 years$80,223$68,668$58,555$49,762$42,164$32,731
16 years$74,430$63,001$53,088$44,557$37,265$28,345
17 years$69,325$58,022$48,308$40,034$33,041$24,617
18 years$64,791$53,615$44,099$36,078$29,379$21,432
19 years$60,740$49,690$40,371$32,600$26,186$18,699
20 years$57,098$46,174$37,050$29,526$23,390$16,343
21 years$53,807$43,009$34,079$26,796$20,931$14,306
22 years$50,820$40,148$31,409$24,364$18,762$12,541
23 years$48,096$37,549$29,001$22,189$16,842$11,006
24 years$45,603$35,181$26,821$20,237$15,138$9,668
25 years$43,313$33,016$24,841$18,482$13,622$8,501
26 years$41,203$31,029$23,039$16,899$12,270$7,480
27 years$39,252$29,202$21,394$15,468$11,062$6,587
28 years$37,444$27,517$19,888$14,172$9,982$5,804
29 years$35,763$25,959$18,508$12,996$9,013$5,116
30 years$34,198$24,516$17,239$11,927$8,144$4,512
31 years$32,736$23,176$16,072$10,954$7,363$3,981
32 years$31,368$21,929$14,995$10,067$6,660$3,514
33 years$30,086$20,767$14,001$9,258$6,028$3,102
34 years$28,882$19,682$13,082$8,518$5,457$2,740
35 years$27,750$18,668$12,231$7,841$4,943$2,420
36 years$26,682$17,719$11,441$7,221$4,479$2,138
37 years$25,675$16,829$10,709$6,654$4,059$1,889
38 years$24,723$15,994$10,028$6,133$3,680$1,670
39 years$23,822$15,208$9,396$5,655$3,337$1,476
40 years$22,968$14,469$8,807$5,216$3,027$1,305
41 years$22,158$13,774$8,258$4,812$2,746$1,154
42 years$21,389$13,117$7,746$4,441$2,492$1,020
43 years$20,657$12,498$7,269$4,100$2,261$902
44 years$19,961$11,913$6,823$3,785$2,053$798
45 years$19,297$11,361$6,406$3,496$1,863$706
46 years$18,664$10,838$6,017$3,229$1,692$624
47 years$18,060$10,342$5,653$2,983$1,536$552
48 years$17,483$9,873$5,312$2,757$1,395$489
49 years$16,931$9,428$4,993$2,548$1,267$432
50 years$16,403$9,006$4,694$2,355$1,151$382

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 $3,455 every year, while hoping to spend $34,945 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: 60/35/5 Blend
68$16,800,000$16,800,000$16,800,000$16,800,000
69$18,517,164$17,626,764$17,366,364$19,612,337
70$20,368,733$18,453,294$17,910,956$21,171,457
71$22,407,992$19,319,153$18,472,620$22,866,833
72$24,654,046$20,226,231$19,051,893$24,714,989
73$27,127,952$21,176,510$19,649,324$26,730,602
74$29,852,911$22,172,067$20,265,485$28,929,807
75$32,854,490$23,215,080$20,900,960$31,330,337
76$36,160,863$24,307,833$21,556,357$33,951,692
77$39,803,074$25,452,721$22,232,299$36,815,310
78$43,815,336$26,652,252$22,929,429$39,944,766
79$48,235,348$27,909,060$23,648,412$43,365,989
80$53,104,653$29,225,903$24,389,933$47,107,494
81$58,469,029$30,605,674$25,154,698$51,200,650
82$64,378,925$32,051,407$25,943,435$55,679,963
83$70,889,931$33,566,281$26,756,895$60,583,398
84$78,063,306$35,153,631$27,595,854$65,952,723
85$85,966,558$36,816,954$28,461,109$71,833,898
86$94,674,076$38,559,914$29,353,486$78,277,500
87$104,267,838$40,386,356$30,273,834$85,339,186
88$114,838,179$42,300,309$31,223,029$93,080,212
89$126,484,648$44,305,999$32,201,975$101,567,997
90$139,316,945$46,407,856$33,211,604$110,876,751
91$153,455,959$48,610,526$34,252,879$121,088,159
92$169,034,906$50,918,881$35,326,789$132,292,146
93$186,200,588$53,338,029$36,434,359$144,587,704
94$205,114,780$55,873,324$37,576,641$158,083,820
95$225,955,754$58,530,383$38,754,725$172,900,486
96$248,919,965$61,315,095$39,969,732$189,169,818
97$274,223,901$64,233,635$41,222,818$207,037,286
98$302,106,133$67,292,477$42,515,177$226,663,071
99$332,829,562$70,498,412$43,848,038$248,223,560
100$366,683,901$73,858,558$45,222,672$271,912,991