Can I retire at age 69 with 14,800,000?

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,145,608
2 years$605,035$593,767$582,846$572,257$561,987$527,444
3 years$399,350$388,033$377,140$366,651$356,548$323,108
4 years$296,528$285,245$274,461$264,151$254,293$222,214
5 years$234,850$223,636$212,993$202,894$193,309$162,679
6 years$193,746$182,615$172,130$162,256$152,959$123,804
7 years$164,396$153,360$143,041$133,399$124,397$96,717
8 years$142,395$131,458$121,310$111,905$103,199$76,978
9 years$125,291$114,458$104,484$95,319$86,909$62,119
10 years$111,617$100,889$91,092$82,165$74,050$50,659
11 years$100,435$89,816$80,196$71,509$63,686$41,653
12 years$91,125$80,614$71,172$62,723$55,189$34,471
13 years$83,252$72,851$63,587$55,375$48,126$28,676
14 years$76,510$66,220$57,133$49,155$42,187$23,956
15 years$70,673$60,493$51,584$43,838$37,144$20,082
16 years$65,570$55,501$46,768$39,252$32,828$16,882
17 years$61,072$51,114$42,557$35,268$29,108$14,226
18 years$57,078$47,232$38,849$31,783$25,881$12,011
19 years$53,509$43,774$35,565$28,719$23,069$10,157
20 years$50,301$40,677$32,639$26,011$20,605$8,601
21 years$47,402$37,889$30,022$23,606$18,439$7,292
22 years$44,770$35,368$27,670$21,463$16,528$6,189
23 years$42,370$33,079$25,548$19,547$14,837$5,256
24 years$40,174$30,993$23,628$17,828$13,336$4,467
25 years$38,157$29,085$21,884$16,282$12,000$3,799
26 years$36,298$27,336$20,296$14,887$10,809$3,232
27 years$34,579$25,726$18,847$13,627$9,745$2,751
28 years$32,986$24,241$17,521$12,485$8,793$2,343
29 years$31,506$22,869$16,305$11,449$7,940$1,995
30 years$30,126$21,597$15,187$10,507$7,175$1,700
31 years$28,839$20,417$14,158$9,650$6,486$1,449
32 years$27,634$19,318$13,210$8,869$5,867$1,235
33 years$26,505$18,295$12,334$8,155$5,310$1,053
34 years$25,444$17,339$11,524$7,504$4,808$897
35 years$24,446$16,446$10,775$6,908$4,354$765
36 years$23,506$15,610$10,079$6,362$3,945$653
37 years$22,618$14,826$9,434$5,861$3,576$557
38 years$21,780$14,090$8,835$5,403$3,242$475
39 years$20,986$13,398$8,277$4,982$2,940$405
40 years$20,234$12,747$7,758$4,595$2,666$345
41 years$19,520$12,134$7,275$4,239$2,419$295
42 years$18,843$11,556$6,824$3,912$2,195$251
43 years$18,198$11,010$6,403$3,612$1,992$214
44 years$17,585$10,495$6,011$3,335$1,808$183
45 years$17,000$10,008$5,644$3,080$1,642$156
46 years$16,442$9,547$5,301$2,845$1,491$133
47 years$15,910$9,111$4,980$2,628$1,353$114
48 years$15,402$8,698$4,680$2,429$1,229$97
49 years$14,915$8,306$4,399$2,244$1,116$83
50 years$14,450$7,934$4,135$2,075$1,014$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $14,800,000, adding $3,221 every year, while hoping to spend $25,456 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: 46/29/25 Blend
68$14,800,000$14,800,000$14,800,000$14,800,000
69$16,312,922$15,528,522$15,299,122$16,945,958
70$17,949,756$16,262,335$15,784,558$18,126,473
71$19,752,692$17,031,251$16,285,403$19,403,795
72$21,738,649$17,836,964$16,802,145$20,789,196
73$23,926,265$18,681,250$17,335,291$22,292,797
74$26,336,082$19,565,969$17,885,361$23,925,711
75$28,990,734$20,493,073$18,452,893$25,700,145
76$31,915,164$21,464,609$19,038,440$27,629,508
77$35,136,859$22,482,723$19,642,575$29,728,535
78$38,686,106$23,549,664$20,265,890$32,013,416
79$42,596,283$24,667,792$20,908,991$34,501,946
80$46,904,171$25,839,580$21,572,509$37,213,685
81$51,650,299$27,067,622$22,257,091$40,170,135
82$56,879,333$28,354,639$22,963,406$43,394,937
83$62,640,490$29,703,481$23,692,146$46,914,089
84$68,988,008$31,117,140$24,444,021$50,756,176
85$75,981,656$32,598,751$25,219,767$54,952,642
86$83,687,298$34,151,603$26,020,142$59,538,070
87$92,177,513$35,779,142$26,845,928$64,550,504
88$101,532,285$37,484,986$27,697,932$70,031,797
89$111,839,753$39,272,925$28,576,988$76,027,997
90$123,197,045$41,146,936$29,483,954$82,589,772
91$135,711,194$43,111,186$30,419,716$89,772,877
92$149,500,150$45,170,048$31,385,191$97,638,669
93$164,693,891$47,328,106$32,381,321$106,254,676
94$181,435,653$49,590,168$33,409,080$115,695,220
95$199,883,278$51,961,275$34,469,473$126,042,109
96$220,210,709$54,446,714$35,563,537$137,385,393
97$242,609,627$57,052,029$36,692,340$149,824,202
98$267,291,263$59,783,032$37,856,988$163,467,669
99$294,488,393$62,645,822$39,058,618$178,435,940
100$324,457,533$65,646,791$40,298,406$194,861,297