Can I retire at age 69 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,234,981
2 years$645,915$633,886$622,227$610,924$599,959$574,945
3 years$426,333$414,251$402,622$391,425$380,639$356,323
4 years$316,563$304,519$293,006$281,999$271,475$248,045
5 years$250,719$238,746$227,385$216,603$206,371$183,894
6 years$206,836$194,954$183,761$173,219$163,294$141,794
7 years$175,504$163,722$152,706$142,413$132,802$112,284
8 years$152,016$140,340$129,507$119,467$110,172$90,631
9 years$133,757$122,191$111,544$101,759$92,781$74,203
10 years$119,158$107,706$97,247$87,717$79,054$61,422
11 years$107,222$95,884$85,614$76,340$67,989$51,282
12 years$97,282$86,060$75,981$66,961$58,918$43,111
13 years$88,877$77,773$67,884$59,116$51,377$36,445
14 years$81,680$70,694$60,994$52,477$45,037$30,951
15 years$75,448$64,580$55,069$46,800$39,654$26,385
16 years$70,000$59,251$49,928$41,904$35,047$22,563
17 years$65,198$54,568$45,433$37,651$31,075$19,347
18 years$60,935$50,423$41,474$33,931$27,630$16,626
19 years$57,124$46,732$37,968$30,659$24,627$14,314
20 years$53,699$43,425$34,845$27,768$21,998$12,344
21 years$50,604$40,449$32,051$25,201$19,685$10,660
22 years$47,795$37,758$29,540$22,914$17,645$9,216
23 years$45,233$35,314$27,275$20,868$15,839$7,976
24 years$42,889$33,087$25,224$19,033$14,237$6,909
25 years$40,735$31,051$23,363$17,382$12,811$5,989
26 years$38,750$29,182$21,668$15,893$11,540$5,195
27 years$36,915$27,464$20,120$14,547$10,404$4,509
28 years$35,215$25,879$18,705$13,328$9,388$3,915
29 years$33,634$24,414$17,406$12,222$8,477$3,401
30 years$32,162$23,057$16,213$11,217$7,659$2,956
31 years$30,787$21,796$15,115$10,302$6,925$2,569
32 years$29,501$20,624$14,103$9,468$6,264$2,234
33 years$28,295$19,531$13,168$8,707$5,669$1,943
34 years$27,163$18,511$12,303$8,011$5,133$1,690
35 years$26,098$17,557$11,503$7,374$4,649$1,470
36 years$25,094$16,664$10,760$6,792$4,212$1,280
37 years$24,147$15,827$10,072$6,258$3,817$1,114
38 years$23,251$15,042$9,432$5,768$3,461$969
39 years$22,404$14,303$8,836$5,318$3,138$844
40 years$21,601$13,608$8,282$4,905$2,847$734
41 years$20,839$12,954$7,766$4,526$2,583$639
42 years$20,116$12,337$7,285$4,177$2,343$557
43 years$19,428$11,754$6,836$3,856$2,127$485
44 years$18,773$11,204$6,417$3,560$1,930$422
45 years$18,149$10,684$6,025$3,288$1,753$368
46 years$17,553$10,192$5,659$3,037$1,591$320
47 years$16,985$9,727$5,316$2,806$1,445$279
48 years$16,442$9,285$4,996$2,593$1,312$243
49 years$15,923$8,867$4,696$2,396$1,192$211
50 years$15,426$8,470$4,415$2,215$1,082$184

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $15,800,000, adding $4,675 every year, while hoping to spend $54,623 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: 53/39/8 Blend
68$15,800,000$15,800,000$15,800,000$15,800,000
69$17,416,422$16,579,022$16,334,122$18,305,019
70$19,134,779$17,333,276$16,823,197$19,662,426
71$21,026,577$18,122,657$17,326,825$21,132,072
72$23,109,450$18,948,830$17,845,436$22,729,612
73$25,402,829$19,813,537$18,379,473$24,467,145
74$27,928,123$20,718,606$18,929,390$26,357,961
75$30,708,924$21,665,950$19,495,657$28,416,660
76$33,771,229$22,657,577$20,078,757$30,659,287
77$37,143,684$23,695,588$20,679,185$33,103,474
78$40,857,855$24,782,187$21,297,453$35,768,602
79$44,948,526$25,919,683$21,934,087$38,675,975
80$49,454,024$27,110,496$22,589,627$41,849,014
81$54,416,587$28,357,162$23,264,632$45,313,471
82$59,882,756$29,662,341$23,959,674$49,097,664
83$65,903,818$31,028,816$24,675,345$53,232,738
84$72,536,288$32,459,510$25,412,250$57,752,945
85$79,842,445$33,957,481$26,171,015$62,695,962
86$87,890,914$35,525,937$26,952,284$68,103,239
87$96,757,321$37,168,241$27,756,719$74,020,374
88$106,524,998$38,887,916$28,585,000$80,497,538
89$117,285,780$40,688,656$29,437,829$87,589,935
90$129,140,861$42,574,332$30,315,928$95,358,314
91$142,201,757$44,549,001$31,220,039$103,869,528
92$156,591,352$46,616,918$32,150,927$113,197,153
93$172,445,064$48,782,541$33,109,377$123,422,169
94$189,912,118$51,050,544$34,096,199$134,633,713
95$209,156,959$53,425,825$35,112,226$146,929,903
96$230,360,797$55,913,519$36,158,314$160,418,750
97$253,723,327$58,519,010$37,235,347$175,219,162
98$279,464,606$61,247,941$38,344,230$191,462,049
99$307,827,132$64,106,227$39,485,898$209,291,543
100$339,078,136$67,100,068$40,661,312$228,866,339