Can I retire at age 69 with 15,200,000?

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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,177,044
2 years$621,387$609,814$598,598$587,724$577,176$542,167
3 years$410,143$398,520$387,333$376,560$366,184$332,288
4 years$304,542$292,955$281,879$271,291$261,166$228,643
5 years$241,198$229,680$218,750$208,377$198,534$167,473
6 years$198,982$187,551$176,782$166,641$157,093$127,522
7 years$168,840$157,505$146,907$137,005$127,759$99,678
8 years$146,243$135,011$124,589$114,930$105,988$79,381
9 years$128,678$117,551$107,308$97,895$89,257$64,098
10 years$114,633$103,616$93,554$84,386$76,052$52,305
11 years$103,150$92,243$82,363$73,441$65,407$43,034
12 years$93,587$82,792$73,095$64,418$56,680$35,637
13 years$85,502$74,820$65,306$56,871$49,426$29,666
14 years$78,578$68,009$58,678$50,484$43,327$24,800
15 years$72,583$62,128$52,978$45,023$38,148$20,804
16 years$67,342$57,001$48,032$40,313$33,716$17,502
17 years$62,722$52,496$43,707$36,221$29,895$14,759
18 years$58,621$48,509$39,899$32,642$26,581$12,470
19 years$54,955$44,957$36,526$29,495$23,692$10,554
20 years$51,660$41,776$33,522$26,714$21,162$8,944
21 years$48,683$38,913$30,833$24,244$18,938$7,589
22 years$45,980$36,324$28,418$22,044$16,975$6,445
23 years$43,515$33,973$26,239$20,076$15,238$5,478
24 years$41,260$31,831$24,266$18,310$13,696$4,660
25 years$39,188$29,871$22,476$16,722$12,324$3,966
26 years$37,279$28,074$20,845$15,290$11,101$3,377
27 years$35,514$26,421$19,356$13,995$10,009$2,877
28 years$33,877$24,897$17,994$12,822$9,031$2,452
29 years$32,357$23,487$16,745$11,758$8,155$2,090
30 years$30,941$22,181$15,598$10,791$7,368$1,782
31 years$29,618$20,968$14,541$9,911$6,662$1,520
32 years$28,381$19,840$13,567$9,108$6,026$1,296
33 years$27,221$18,789$12,668$8,376$5,454$1,106
34 years$26,132$17,808$11,836$7,707$4,938$944
35 years$25,107$16,890$11,066$7,094$4,472$805
36 years$24,141$16,032$10,352$6,534$4,052$687
37 years$23,230$15,226$9,689$6,020$3,672$587
38 years$22,368$14,470$9,073$5,549$3,329$501
39 years$21,553$13,760$8,501$5,116$3,019$428
40 years$20,781$13,091$7,968$4,719$2,739$365
41 years$20,048$12,462$7,471$4,354$2,485$312
42 years$19,352$11,868$7,008$4,018$2,254$266
43 years$18,690$11,308$6,576$3,709$2,046$227
44 years$18,060$10,779$6,173$3,425$1,857$194
45 years$17,459$10,279$5,796$3,163$1,686$166
46 years$16,887$9,805$5,444$2,922$1,531$141
47 years$16,340$9,357$5,115$2,699$1,390$121
48 years$15,818$8,933$4,806$2,494$1,262$103
49 years$15,318$8,530$4,518$2,305$1,147$88
50 years$14,841$8,149$4,247$2,131$1,041$75

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $15,200,000, adding $2,175 every year, while hoping to spend $23,816 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: 59/31/10 Blend
68$15,200,000$15,200,000$15,200,000$15,200,000
69$16,752,644$15,947,044$15,711,444$17,701,654
70$18,436,073$16,703,109$16,212,437$19,096,000
71$20,290,414$17,495,423$16,729,415$20,612,801
72$22,333,075$18,325,737$17,262,889$22,266,107
73$24,583,238$19,195,887$17,813,385$24,069,043
74$27,062,041$20,107,799$18,381,446$26,036,034
75$29,792,779$21,063,490$18,967,634$28,182,940
76$32,801,119$22,065,078$19,572,527$30,527,198
77$36,115,349$23,114,783$20,196,723$33,087,984
78$39,766,639$24,214,932$20,840,837$35,886,384
79$43,789,337$25,367,964$21,505,506$38,945,591
80$48,221,296$26,576,440$22,191,387$42,291,115
81$53,104,225$27,843,043$22,899,156$45,951,018
82$58,484,091$29,170,587$23,629,512$49,956,174
83$64,411,545$30,562,023$24,383,177$54,340,549
84$70,942,405$32,020,444$25,160,896$59,141,519
85$78,138,180$33,549,095$25,963,435$64,400,209
86$86,066,653$35,151,380$26,791,589$70,161,881
87$94,802,519$36,830,865$27,646,175$76,476,343
88$104,428,091$38,591,293$28,528,037$83,398,418
89$115,034,077$40,436,587$29,438,047$90,988,448
90$126,720,434$42,370,861$30,377,103$99,312,855
91$139,597,316$44,398,430$31,346,133$108,444,757
92$153,786,108$46,523,819$32,346,095$118,464,648
93$169,420,578$48,751,774$33,377,976$129,461,145
94$186,648,135$51,087,269$34,442,796$141,531,815
95$205,631,223$53,535,522$35,541,608$154,784,081
96$226,548,852$56,102,008$36,675,496$169,336,225
97$249,598,292$58,792,463$37,845,582$185,318,488
98$274,996,930$61,612,906$39,053,022$202,874,289
99$302,984,328$64,569,649$40,299,009$222,161,560
100$333,824,477$67,669,310$41,584,774$243,354,226