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%12.8%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,324,013
2 years$686,796$674,005$661,609$649,590$637,931$622,187
3 years$453,316$440,470$428,105$416,198$404,730$389,372
4 years$336,599$323,792$311,551$299,847$288,657$273,804
5 years$266,587$253,857$241,776$230,312$219,432$205,127
6 years$219,927$207,293$195,391$184,182$173,629$159,890
7 years$186,612$174,085$162,371$151,426$141,207$128,039
8 years$161,637$149,223$137,703$127,028$117,145$104,547
9 years$142,223$129,925$118,604$108,199$98,653$86,620
10 years$126,700$114,523$103,402$93,269$84,057$72,581
11 years$114,008$101,953$91,033$81,172$72,292$61,363
12 years$103,439$91,507$80,790$71,199$62,647$52,253
13 years$94,503$82,696$72,180$62,858$54,629$44,757
14 years$86,849$75,168$64,854$55,798$47,888$38,524
15 years$80,223$68,668$58,555$49,762$42,164$33,294
16 years$74,430$63,001$53,088$44,557$37,265$28,872
17 years$69,325$58,022$48,308$40,034$33,041$25,110
18 years$64,791$53,615$44,099$36,078$29,379$21,893
19 years$60,740$49,690$40,371$32,600$26,186$19,128
20 years$57,098$46,174$37,050$29,526$23,390$16,743
21 years$53,807$43,009$34,079$26,796$20,931$14,679
22 years$50,820$40,148$31,409$24,364$18,762$12,886
23 years$48,096$37,549$29,001$22,189$16,842$11,326
24 years$45,603$35,181$26,821$20,237$15,138$9,965
25 years$43,313$33,016$24,841$18,482$13,622$8,776
26 years$41,203$31,029$23,039$16,899$12,270$7,735
27 years$39,252$29,202$21,394$15,468$11,062$6,822
28 years$37,444$27,517$19,888$14,172$9,982$6,020
29 years$35,763$25,959$18,508$12,996$9,013$5,316
30 years$34,198$24,516$17,239$11,927$8,144$4,696
31 years$32,736$23,176$16,072$10,954$7,363$4,150
32 years$31,368$21,929$14,995$10,067$6,660$3,669
33 years$30,086$20,767$14,001$9,258$6,028$3,244
34 years$28,882$19,682$13,082$8,518$5,457$2,870
35 years$27,750$18,668$12,231$7,841$4,943$2,539
36 years$26,682$17,719$11,441$7,221$4,479$2,247
37 years$25,675$16,829$10,709$6,654$4,059$1,989
38 years$24,723$15,994$10,028$6,133$3,680$1,761
39 years$23,822$15,208$9,396$5,655$3,337$1,560
40 years$22,968$14,469$8,807$5,216$3,027$1,381
41 years$22,158$13,774$8,258$4,812$2,746$1,223
42 years$21,389$13,117$7,746$4,441$2,492$1,084
43 years$20,657$12,498$7,269$4,100$2,261$960
44 years$19,961$11,913$6,823$3,785$2,053$851
45 years$19,297$11,361$6,406$3,496$1,863$754
46 years$18,664$10,838$6,017$3,229$1,692$668
47 years$18,060$10,342$5,653$2,983$1,536$592
48 years$17,483$9,873$5,312$2,757$1,395$524
49 years$16,931$9,428$4,993$2,548$1,267$465
50 years$16,403$9,006$4,694$2,355$1,151$412

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 $6,533 every year, while hoping to spend $43,305 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: 50/34/16 Blend
68$16,800,000$16,800,000$16,800,000$16,800,000
69$18,520,339$17,629,939$17,369,539$19,364,336
70$20,363,337$18,447,730$17,905,342$20,763,958
71$22,392,870$19,304,141$18,457,644$22,279,113
72$24,627,918$20,201,019$19,026,950$23,924,754
73$27,089,397$21,140,300$19,613,784$25,713,185
74$29,800,353$22,124,013$20,218,684$27,657,915
75$32,786,184$23,154,284$20,842,204$29,773,790
76$36,074,875$24,233,344$21,484,918$32,077,120
77$39,697,264$25,363,530$22,147,415$34,585,826
78$43,687,334$26,547,292$22,830,302$37,319,609
79$48,082,530$27,787,197$23,534,206$40,300,120
80$52,924,118$29,085,940$24,259,771$43,551,164
81$58,257,569$30,446,342$25,007,664$47,098,912
82$64,132,990$31,871,361$25,778,570$50,972,143
83$70,605,598$33,364,101$26,573,195$55,202,504
84$77,736,240$34,927,813$27,392,269$59,824,802
85$85,591,968$36,565,907$28,236,540$64,877,322
86$94,246,668$38,281,956$29,106,784$70,402,180
87$103,781,763$40,079,707$30,003,797$76,445,708
88$114,286,980$41,963,089$30,928,400$83,058,881
89$125,861,192$43,936,221$31,881,442$90,297,789
90$138,613,357$46,003,419$32,863,794$98,224,152
91$152,663,544$48,169,211$33,876,356$106,905,891
92$168,144,066$50,438,344$34,920,054$116,417,757
93$185,200,731$52,815,792$35,995,846$126,842,022
94$203,994,213$55,306,773$37,104,714$138,269,243
95$224,701,575$57,916,758$38,247,674$150,799,099
96$247,517,936$60,651,480$39,425,772$164,541,321
97$272,658,315$63,516,952$40,640,085$179,616,705
98$300,359,660$66,519,479$41,891,725$196,158,244
99$330,883,084$69,665,672$43,181,836$214,312,356
100$364,516,329$72,962,460$44,511,598$234,240,257