Can I retire at age 69 with 15,300,000?

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 $15,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,206,800
2 years$625,475$613,826$602,537$591,591$580,973$567,639
3 years$412,841$401,142$389,881$379,038$368,593$355,582
4 years$306,545$294,882$283,734$273,075$262,884$250,295
5 years$242,784$231,191$220,189$209,748$199,840$187,712
6 years$200,291$188,785$177,945$167,737$158,127$146,473
7 years$169,950$158,541$147,873$137,906$128,599$117,425
8 years$147,205$135,899$125,408$115,686$106,686$95,990
9 years$129,524$118,325$108,014$98,539$89,845$79,624
10 years$115,387$104,297$94,169$84,941$76,552$66,800
11 years$103,829$92,850$82,905$73,924$65,837$56,545
12 years$94,203$83,337$73,576$64,842$57,053$48,212
13 years$86,065$75,312$65,735$57,245$49,752$41,350
14 years$79,095$68,457$59,064$50,816$43,612$35,638
15 years$73,060$62,537$53,326$45,319$38,399$30,841
16 years$67,785$57,376$48,348$40,578$33,937$26,782
17 years$63,135$52,841$43,995$36,459$30,091$23,326
18 years$59,006$48,828$40,162$32,857$26,756$20,366
19 years$55,316$45,253$36,766$29,689$23,848$17,820
20 years$52,000$42,051$33,742$26,889$21,302$15,621
21 years$49,003$39,169$31,036$24,404$19,062$13,715
22 years$46,282$36,563$28,605$22,189$17,087$12,059
23 years$43,802$34,197$26,411$20,208$15,338$10,615
24 years$41,531$32,040$24,426$18,431$13,786$9,354
25 years$39,446$30,068$22,623$16,832$12,405$8,251
26 years$37,524$28,259$20,982$15,390$11,174$7,283
27 years$35,747$26,595$19,484$14,087$10,075$6,434
28 years$34,100$25,060$18,113$12,907$9,091$5,687
29 years$32,570$23,642$16,855$11,836$8,209$5,030
30 years$31,144$22,327$15,700$10,862$7,417$4,450
31 years$29,813$21,106$14,637$9,976$6,706$3,939
32 years$28,568$19,971$13,656$9,168$6,066$3,488
33 years$27,400$18,913$12,751$8,431$5,489$3,090
34 years$26,304$17,925$11,914$7,757$4,970$2,738
35 years$25,272$17,002$11,139$7,141$4,502$2,427
36 years$24,300$16,137$10,420$6,577$4,079$2,151
37 years$23,383$15,326$9,753$6,060$3,697$1,908
38 years$22,516$14,566$9,133$5,585$3,351$1,692
39 years$21,695$13,850$8,557$5,150$3,039$1,501
40 years$20,918$13,178$8,020$4,750$2,757$1,331
41 years$20,180$12,544$7,520$4,382$2,501$1,181
42 years$19,479$11,946$7,054$4,044$2,269$1,048
43 years$18,813$11,382$6,620$3,734$2,059$930
44 years$18,179$10,850$6,214$3,447$1,869$825
45 years$17,574$10,346$5,834$3,184$1,697$733
46 years$16,998$9,870$5,480$2,941$1,541$650
47 years$16,448$9,419$5,148$2,717$1,399$577
48 years$15,922$8,992$4,838$2,511$1,271$512
49 years$15,419$8,587$4,547$2,320$1,154$455
50 years$14,938$8,202$4,275$2,145$1,048$404

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $15,300,000, adding $3,058 every year, while hoping to spend $49,013 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: 55/30/15 Blend
68$15,300,000$15,300,000$15,300,000$15,300,000
69$16,863,754$16,052,854$15,815,704$17,724,545
70$18,531,708$16,787,295$16,293,381$19,044,865
71$20,368,150$17,556,080$16,785,417$20,476,272
72$22,390,215$18,360,841$17,292,242$22,033,803
73$24,616,782$19,203,288$17,814,298$23,729,508
74$27,068,656$20,085,212$18,352,039$25,576,630
75$29,768,762$21,008,490$18,905,936$27,589,729
76$32,742,361$21,975,091$19,476,469$29,784,809
77$36,017,288$22,987,077$20,064,137$32,179,467
78$39,624,216$24,046,608$20,669,451$34,793,054
79$43,596,946$25,155,952$21,292,937$37,646,852
80$47,972,723$26,317,482$21,935,138$40,764,266
81$52,792,588$27,533,686$22,596,614$44,171,041
82$58,101,770$28,807,175$23,277,938$47,895,500
83$63,950,105$30,140,680$23,979,703$51,968,802
84$70,392,511$31,537,069$24,702,519$56,425,229
85$77,489,507$32,999,346$25,447,013$61,302,504
86$85,307,781$34,530,658$26,213,832$66,642,138
87$93,920,820$36,134,306$27,003,641$72,489,814
88$103,409,607$37,813,749$27,817,126$78,895,810
89$113,863,378$39,572,615$28,654,991$85,915,464
90$125,380,474$41,414,704$29,517,964$93,609,688
91$138,069,258$43,344,001$30,406,792$102,045,532
92$152,049,148$45,364,682$31,322,245$111,296,808
93$167,451,736$47,481,127$32,265,116$121,444,777
94$184,422,036$49,697,925$33,236,220$132,578,902
95$203,119,849$52,019,888$34,236,399$144,797,683
96$223,721,272$54,452,061$35,266,516$158,209,575
97$246,420,360$56,999,731$36,327,463$172,933,996
98$271,430,961$59,668,441$37,420,157$189,102,447
99$298,988,728$62,464,004$38,545,541$206,859,733
100$329,353,349$65,392,511$39,704,588$226,365,318