Can I retire at age 69 with 14,600,000?

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,119,802
2 years$596,859$585,743$574,970$564,524$554,393$510,160
3 years$393,953$382,789$372,043$361,696$351,729$309,079
4 years$292,520$281,391$270,752$260,582$250,856$210,113
5 years$231,677$220,614$210,115$200,152$190,697$151,966
6 years$191,127$180,148$169,804$160,063$150,892$114,199
7 years$162,175$151,288$141,108$131,597$122,716$88,050
8 years$140,471$129,682$119,671$110,393$101,804$69,133
9 years$123,598$112,911$103,072$94,030$85,734$55,010
10 years$110,108$99,526$89,861$81,055$73,050$44,216
11 years$99,078$88,602$79,112$70,542$62,825$35,817
12 years$89,893$79,524$70,210$61,875$54,443$29,191
13 years$82,127$71,867$62,728$54,626$47,475$23,906
14 years$75,476$65,325$56,361$48,491$41,617$19,654
15 years$69,718$59,675$50,887$43,246$36,643$16,209
16 years$64,684$54,751$46,136$38,722$32,385$13,402
17 years$60,246$50,424$41,982$34,791$28,715$11,104
18 years$56,307$46,594$38,324$31,354$25,532$9,215
19 years$52,786$43,183$35,084$28,331$22,757$7,659
20 years$49,621$40,127$32,198$25,659$20,327$6,373
21 years$46,761$37,377$29,616$23,287$18,190$5,307
22 years$44,165$34,890$27,296$21,173$16,305$4,424
23 years$41,798$32,632$25,203$19,283$14,636$3,690
24 years$39,631$30,574$23,309$17,587$13,155$3,079
25 years$37,641$28,692$21,588$16,062$11,838$2,571
26 years$35,807$26,966$20,022$14,686$10,663$2,147
27 years$34,112$25,378$18,592$13,442$9,614$1,794
28 years$32,540$23,914$17,284$12,316$8,675$1,499
29 years$31,080$22,560$16,084$11,294$7,833$1,253
30 years$29,719$21,305$14,982$10,365$7,078$1,048
31 years$28,449$20,141$13,967$9,520$6,399$876
32 years$27,261$19,057$13,032$8,749$5,788$733
33 years$26,146$18,047$12,168$8,045$5,238$613
34 years$25,100$17,105$11,369$7,402$4,743$512
35 years$24,116$16,224$10,629$6,814$4,296$429
36 years$23,188$15,399$9,943$6,276$3,892$359
37 years$22,313$14,625$9,307$5,782$3,528$300
38 years$21,485$13,899$8,715$5,330$3,198$251
39 years$20,702$13,217$8,165$4,914$2,900$210
40 years$19,961$12,575$7,653$4,533$2,630$176
41 years$19,257$11,970$7,176$4,182$2,386$147
42 years$18,588$11,400$6,732$3,859$2,165$123
43 years$17,952$10,862$6,317$3,563$1,965$103
44 years$17,347$10,353$5,929$3,290$1,784$86
45 years$16,770$9,873$5,567$3,038$1,619$72
46 years$16,220$9,418$5,229$2,806$1,470$60
47 years$15,695$8,988$4,913$2,593$1,335$50
48 years$15,193$8,580$4,617$2,396$1,213$42
49 years$14,714$8,194$4,339$2,214$1,101$35
50 years$14,255$7,827$4,080$2,046$1,000$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $14,600,000, adding $5,157 every year, while hoping to spend $30,883 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: 39/35/26 Blend
68$14,600,000$14,600,000$14,600,000$14,600,000
69$16,094,519$15,320,719$15,094,419$16,597,777
70$17,703,301$16,038,575$15,567,223$17,682,313
71$19,475,144$16,790,571$16,054,831$18,851,004
72$21,426,646$17,578,347$16,557,706$20,114,150
73$23,576,101$18,403,623$17,076,326$21,480,373
74$25,943,664$19,268,201$17,611,183$22,959,131
75$28,551,546$20,173,972$18,162,787$24,560,798
76$31,424,224$21,122,917$18,731,660$26,296,764
77$34,588,669$22,117,113$19,318,344$28,179,528
78$38,074,600$23,158,739$19,923,396$30,222,813
79$41,914,770$24,250,078$20,547,391$32,441,687
80$46,145,269$25,393,525$21,190,921$34,852,700
81$50,805,868$26,591,588$21,854,598$37,474,031
82$55,940,392$27,846,901$22,539,052$40,325,650
83$61,597,135$29,162,223$23,244,934$43,429,501
84$67,829,317$30,540,446$23,972,914$46,809,700
85$74,695,584$31,984,605$24,723,683$50,492,751
86$82,260,562$33,497,879$25,497,955$54,507,789
87$90,595,468$35,083,603$26,296,464$58,886,842
88$99,778,780$36,745,274$27,119,970$63,665,128
89$109,896,982$38,486,558$27,969,255$68,881,371
90$121,045,373$40,311,300$28,845,125$74,578,158
91$133,328,977$42,223,528$29,748,412$80,802,329
92$146,863,522$44,227,471$30,679,973$87,605,404
93$161,776,543$46,327,559$31,640,695$95,044,059
94$178,208,581$48,528,439$32,631,488$103,180,648
95$196,314,507$50,834,984$33,653,293$112,083,773
96$216,264,990$53,252,301$34,707,082$121,828,921
97$238,248,104$55,785,749$35,793,854$132,499,158
98$262,471,104$58,440,945$36,914,642$144,185,898
99$289,162,384$61,223,778$38,070,510$156,989,748
100$318,573,630$64,140,426$39,262,555$171,021,442