Can I retire at age 69 with 14,300,000?

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,114,093
2 years$584,594$573,707$563,155$552,924$543,001$516,741
3 years$385,858$374,924$364,399$354,264$344,502$319,011
4 years$286,510$275,609$265,189$255,227$245,702$221,176
5 years$226,916$216,081$205,797$196,039$186,779$163,287
6 years$187,200$176,446$166,315$156,774$147,792$125,358
7 years$158,843$148,179$138,208$128,893$120,194$98,822
8 years$137,584$127,017$117,212$108,125$99,713$79,394
9 years$121,058$110,591$100,954$92,098$83,972$64,692
10 years$107,846$97,481$88,014$79,390$71,549$53,285
11 years$97,042$86,781$77,486$69,093$61,534$44,263
12 years$88,046$77,890$68,767$60,604$53,324$37,018
13 years$80,440$70,390$61,439$53,504$46,500$31,128
14 years$73,925$63,982$55,203$47,495$40,761$26,292
15 years$68,285$58,449$49,841$42,357$35,890$22,289
16 years$63,354$53,626$45,188$37,926$31,719$18,953
17 years$59,008$49,388$41,120$34,076$28,125$16,157
18 years$55,150$45,636$37,537$30,710$25,007$13,804
19 years$51,701$42,295$34,363$27,749$22,289$11,814
20 years$48,601$39,303$31,537$25,132$19,909$10,127
21 years$45,800$36,609$29,008$22,809$17,817$8,692
22 years$43,257$34,173$26,735$20,738$15,970$7,469
23 years$40,939$31,961$24,685$18,887$14,336$6,424
24 years$38,817$29,946$22,830$17,226$12,885$5,529
25 years$36,868$28,103$21,145$15,732$11,595$4,763
26 years$35,071$26,412$19,611$14,384$10,444$4,105
27 years$33,411$24,857$18,210$13,166$9,416$3,539
28 years$31,872$23,422$16,929$12,063$8,496$3,053
29 years$30,441$22,096$15,754$11,062$7,672$2,635
30 years$29,109$20,868$14,674$10,152$6,932$2,275
31 years$27,864$19,727$13,680$9,324$6,267$1,964
32 years$26,700$18,666$12,764$8,569$5,669$1,697
33 years$25,609$17,677$11,918$7,880$5,131$1,466
34 years$24,584$16,753$11,135$7,250$4,645$1,267
35 years$23,620$15,890$10,411$6,674$4,207$1,095
36 years$22,712$15,082$9,739$6,147$3,812$946
37 years$21,854$14,325$9,115$5,663$3,455$818
38 years$21,044$13,614$8,536$5,220$3,132$707
39 years$20,277$12,945$7,997$4,813$2,840$611
40 years$19,550$12,316$7,496$4,440$2,576$529
41 years$18,861$11,724$7,029$4,096$2,337$457
42 years$18,206$11,165$6,593$3,780$2,121$395
43 years$17,583$10,638$6,187$3,490$1,925$342
44 years$16,990$10,141$5,808$3,222$1,747$296
45 years$16,426$9,670$5,453$2,976$1,586$256
46 years$15,887$9,225$5,122$2,749$1,440$221
47 years$15,373$8,803$4,812$2,539$1,308$191
48 years$14,881$8,404$4,522$2,346$1,188$165
49 years$14,411$8,025$4,250$2,169$1,079$143
50 years$13,962$7,666$3,996$2,004$980$124

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $14,300,000, adding $3,436 every year, while hoping to spend $37,201 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: 61/22/17 Blend
68$14,300,000$14,300,000$14,300,000$14,300,000
69$15,762,144$15,004,244$14,782,594$16,655,257
70$17,330,301$15,699,871$15,238,230$17,953,387
71$19,057,164$16,428,336$15,707,882$19,364,947
72$20,958,880$17,191,210$16,191,981$20,904,530
73$23,053,245$17,990,138$16,690,972$22,584,555
74$25,359,866$18,826,845$17,205,310$24,418,682
75$27,900,351$19,703,140$17,735,467$26,421,935
76$30,698,510$20,620,917$18,281,928$28,610,843
77$33,780,580$21,582,163$18,845,194$31,003,589
78$37,175,471$22,588,961$19,425,780$33,620,180
79$40,915,043$23,643,494$20,024,217$36,482,628
80$45,034,403$24,748,051$20,641,055$39,615,159
81$49,572,238$25,905,031$21,276,856$43,044,431
82$54,571,178$27,116,950$21,932,202$46,799,785
83$60,078,202$28,386,444$22,607,694$50,913,513
84$66,145,075$29,716,276$23,303,949$55,421,160
85$72,828,845$31,109,346$24,021,604$60,361,857
86$80,192,374$32,568,691$24,761,314$65,778,676
87$88,304,935$34,097,496$25,523,757$71,719,038
88$97,242,865$35,699,100$26,309,630$78,235,151
89$107,090,285$37,377,003$27,119,650$85,384,498
90$117,939,894$39,134,876$27,954,558$93,230,371
91$129,893,845$40,976,567$28,815,117$101,842,459
92$143,064,707$42,906,109$29,702,114$111,297,505
93$157,576,531$44,927,732$30,616,358$121,680,015
94$173,566,016$47,045,869$31,558,685$133,083,053
95$191,183,804$49,265,171$32,529,956$145,609,107
96$210,595,899$51,590,512$33,531,056$159,371,049
97$231,985,235$54,027,001$34,562,901$174,493,192
98$255,553,403$56,579,998$35,626,432$191,112,450
99$281,522,553$59,255,121$36,722,620$209,379,625
100$310,137,492$62,058,260$37,852,466$229,460,817