Can I retire at age 69 with 16,900,000?

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 $16,900,000?

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$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,330,790
2 years$690,884$678,017$665,547$653,456$641,728$624,784
3 years$456,014$443,092$430,653$418,676$407,139$390,616
4 years$338,602$325,719$313,405$301,632$290,375$274,401
5 years$268,174$255,368$243,215$231,683$220,738$205,360
6 years$221,236$208,527$196,554$185,278$174,663$159,899
7 years$187,723$175,121$163,337$152,328$142,048$127,903
8 years$162,599$150,111$138,523$127,784$117,842$104,316
9 years$143,069$130,698$119,310$108,843$99,240$86,327
10 years$127,454$115,204$104,017$93,824$84,558$72,248
11 years$114,686$102,560$91,575$81,655$72,722$61,005
12 years$104,054$92,052$81,270$71,622$63,020$51,882
13 years$95,065$83,188$72,610$63,232$54,954$44,382
14 years$87,366$75,616$65,240$56,130$48,173$38,150
15 years$80,700$69,076$58,903$50,058$42,415$32,926
16 years$74,873$63,376$53,404$44,822$37,487$28,514
17 years$69,737$58,367$48,596$40,272$33,238$24,764
18 years$65,177$53,934$44,362$36,293$29,554$21,560
19 years$61,101$49,985$40,611$32,794$26,342$18,810
20 years$57,438$46,449$37,271$29,701$23,529$16,440
21 years$54,127$43,265$34,282$26,956$21,056$14,392
22 years$51,122$40,386$31,596$24,509$18,874$12,615
23 years$48,382$37,773$29,173$22,321$16,942$11,071
24 years$45,874$35,391$26,980$20,358$15,228$9,726
25 years$43,571$33,212$24,989$18,592$13,703$8,552
26 years$41,448$31,214$23,176$17,000$12,343$7,525
27 years$39,485$29,376$21,521$15,560$11,128$6,626
28 years$37,666$27,681$20,007$14,256$10,041$5,838
29 years$35,976$26,114$18,618$13,073$9,067$5,146
30 years$34,401$24,662$17,342$11,998$8,193$4,539
31 years$32,931$23,314$16,167$11,019$7,407$4,005
32 years$31,555$22,059$15,084$10,127$6,700$3,534
33 years$30,265$20,891$14,084$9,313$6,064$3,121
34 years$29,054$19,800$13,160$8,568$5,490$2,756
35 years$27,915$18,780$12,303$7,888$4,972$2,434
36 years$26,841$17,825$11,510$7,264$4,505$2,151
37 years$25,828$16,929$10,773$6,693$4,083$1,901
38 years$24,870$16,089$10,088$6,169$3,702$1,680
39 years$23,964$15,299$9,452$5,688$3,357$1,485
40 years$23,105$14,556$8,859$5,247$3,045$1,313
41 years$22,290$13,856$8,307$4,841$2,762$1,161
42 years$21,516$13,196$7,792$4,467$2,507$1,026
43 years$20,780$12,573$7,312$4,124$2,275$908
44 years$20,080$11,984$6,863$3,808$2,065$803
45 years$19,412$11,428$6,445$3,517$1,875$710
46 years$18,775$10,902$6,053$3,248$1,702$628
47 years$18,168$10,404$5,687$3,001$1,545$556
48 years$17,587$9,932$5,344$2,773$1,404$491
49 years$17,032$9,484$5,023$2,563$1,275$435
50 years$16,500$9,060$4,722$2,369$1,158$385

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $16,900,000, adding $3,279 every year, while hoping to spend $39,556 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: 76/13/11 Blend
68$16,900,000$16,900,000$16,900,000$16,900,000
69$18,627,182$17,731,482$17,469,532$20,004,408
70$20,485,068$18,558,238$18,012,674$21,738,897
71$22,531,131$19,424,178$18,572,686$23,634,386
72$24,784,526$20,331,182$19,150,090$25,711,100
73$27,266,357$21,281,219$19,745,427$27,987,043
74$29,999,879$22,276,353$20,359,253$30,482,039
75$33,010,720$23,318,747$20,992,141$33,217,911
76$36,327,118$24,410,671$21,644,682$36,218,686
77$39,980,192$25,554,501$22,317,487$39,510,821
78$44,004,233$26,752,733$23,011,184$43,123,445
79$48,437,026$28,007,978$23,726,420$47,088,637
80$53,320,212$29,322,978$24,463,864$51,441,719
81$58,699,675$30,700,606$25,224,205$56,221,591
82$64,625,978$32,143,872$26,008,153$61,471,093
83$71,154,841$33,655,935$26,816,439$67,237,405
84$78,347,663$35,240,104$27,649,818$73,572,487
85$86,272,107$36,899,852$28,509,070$80,533,571
86$95,002,733$38,638,816$29,394,995$88,183,689
87$104,621,706$40,460,811$30,308,421$96,592,270
88$115,219,568$42,369,839$31,250,200$105,835,788
89$126,896,094$44,370,092$32,221,213$115,998,479
90$139,761,237$46,465,967$33,222,364$127,173,133
91$153,936,158$48,662,075$34,254,589$139,461,961
92$169,554,379$50,963,249$35,318,850$152,977,558
93$186,763,036$53,374,558$36,416,142$167,843,957
94$205,724,270$55,901,316$37,547,487$184,197,798
95$226,616,759$58,549,094$38,713,941$202,189,606
96$249,637,403$61,323,735$39,916,593$221,985,209
97$275,003,184$64,231,363$41,156,565$243,767,297
98$302,953,211$67,278,403$42,435,012$267,737,137
99$333,750,982$70,471,588$43,753,129$294,116,468
100$367,686,867$73,817,980$45,112,143$323,149,582