Can I retire at age 69 with 14,000,000?

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 $14,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,101,516
2 years$572,330$561,671$551,341$541,325$531,609$516,659
3 years$377,763$367,058$356,754$346,832$337,275$322,701
4 years$280,499$269,827$259,625$249,873$240,547$226,463
5 years$222,156$211,547$201,480$191,926$182,860$169,307
6 years$183,273$172,744$162,826$153,485$144,691$131,684
7 years$155,510$145,070$135,309$126,189$117,673$105,217
8 years$134,698$124,352$114,753$105,856$97,621$85,715
9 years$118,519$108,271$98,837$90,166$82,211$70,850
10 years$105,583$95,436$86,168$77,724$70,048$59,223
11 years$95,006$84,961$75,861$67,643$60,243$49,945
12 years$86,199$76,256$67,325$59,332$52,206$42,422
13 years$78,752$68,913$60,150$52,381$45,524$36,242
14 years$72,375$62,640$54,045$46,498$39,906$31,112
15 years$66,852$57,223$48,795$41,468$35,137$26,815
16 years$62,025$52,501$44,240$37,130$31,054$23,189
17 years$57,770$48,351$40,257$33,361$27,535$20,111
18 years$53,993$44,679$36,749$30,065$24,482$17,484
19 years$50,616$41,408$33,642$27,167$21,822$15,232
20 years$47,582$38,478$30,875$24,605$19,492$13,293
21 years$44,839$35,841$28,399$22,330$17,443$11,619
22 years$42,350$33,456$26,174$20,303$15,635$10,170
23 years$40,080$31,291$24,167$18,491$14,035$8,911
24 years$38,003$29,318$22,351$16,865$12,615$7,816
25 years$36,094$27,513$20,701$15,402$11,351$6,862
26 years$34,335$25,858$19,199$14,082$10,225$6,028
27 years$32,710$24,335$17,828$12,890$9,219$5,300
28 years$31,203$22,931$16,574$11,810$8,318$4,662
29 years$29,803$21,633$15,423$10,830$7,511$4,103
30 years$28,498$20,430$14,366$9,939$6,787$3,613
31 years$27,280$19,313$13,393$9,128$6,136$3,182
32 years$26,140$18,274$12,496$8,389$5,550$2,804
33 years$25,072$17,306$11,668$7,715$5,023$2,471
34 years$24,069$16,402$10,902$7,098$4,548$2,179
35 years$23,125$15,557$10,192$6,534$4,119$1,922
36 years$22,235$14,766$9,535$6,018$3,732$1,695
37 years$21,396$14,024$8,924$5,545$3,383$1,495
38 years$20,602$13,328$8,357$5,111$3,067$1,319
39 years$19,852$12,674$7,830$4,712$2,781$1,164
40 years$19,140$12,058$7,339$4,346$2,522$1,027
41 years$18,465$11,478$6,881$4,010$2,288$907
42 years$17,824$10,931$6,455$3,701$2,076$801
43 years$17,214$10,415$6,057$3,416$1,885$707
44 years$16,634$9,928$5,686$3,154$1,711$624
45 years$16,081$9,467$5,339$2,913$1,553$551
46 years$15,554$9,031$5,014$2,691$1,410$486
47 years$15,050$8,619$4,711$2,486$1,280$430
48 years$14,569$8,228$4,427$2,297$1,163$379
49 years$14,109$7,857$4,161$2,123$1,056$335
50 years$13,669$7,505$3,912$1,962$959$296

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $14,000,000, adding $2,098 every year, while hoping to spend $46,891 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: 63/22/15 Blend
68$14,000,000$14,000,000$14,000,000$14,000,000
69$15,430,164$14,688,164$14,471,164$16,345,499
70$16,954,149$15,357,992$14,906,056$17,629,711
71$18,632,009$16,059,071$15,353,946$19,025,937
72$20,479,390$16,792,881$15,815,219$20,549,487
73$22,513,531$17,560,976$16,290,272$22,212,750
74$24,753,430$18,364,982$16,779,515$24,029,353
75$27,220,019$19,206,606$17,283,368$26,014,290
76$29,936,365$20,087,634$17,802,265$28,184,053
77$32,927,886$21,009,939$18,336,653$30,556,791
78$36,222,589$21,975,485$18,886,989$33,152,472
79$39,851,338$22,986,328$19,453,748$35,993,072
80$43,848,141$24,044,625$20,037,415$39,102,776
81$48,250,475$25,152,635$20,638,492$42,508,201
82$53,099,637$26,312,728$21,257,495$46,238,644
83$58,441,133$27,527,385$21,894,955$50,326,354
84$64,325,110$28,799,208$22,551,417$54,806,832
85$70,806,826$30,130,924$23,227,444$59,719,157
86$77,947,175$31,525,392$23,923,616$65,106,355
87$85,813,258$32,985,607$24,640,528$71,015,796
88$94,479,018$34,514,710$25,378,794$77,499,637
89$104,025,940$36,115,993$26,139,046$84,615,305
90$114,543,815$37,792,906$26,921,933$92,426,036
91$126,131,591$39,549,065$27,728,124$101,001,466
92$138,898,305$41,388,261$28,558,309$110,418,275
93$152,964,116$43,314,469$29,413,195$120,760,913
94$168,461,431$45,331,854$30,293,513$132,122,379
95$185,536,165$47,444,782$31,200,013$144,605,100
96$204,349,108$49,657,831$32,133,469$158,321,884
97$225,077,452$51,975,800$33,094,675$173,396,978
98$247,916,457$54,403,718$34,084,451$189,967,231
99$273,081,294$56,946,860$35,103,639$208,183,377
100$300,809,082$59,610,752$36,153,107$228,211,447