Can I retire at age 69 with 15,900,000?

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,236,736
2 years$650,004$637,898$626,165$614,790$603,756$572,563
3 years$429,031$416,873$405,171$393,902$383,048$352,789
4 years$318,567$306,446$294,860$283,784$273,193$244,101
5 years$252,305$240,257$228,824$217,973$207,677$179,833
6 years$208,146$196,188$184,924$174,315$164,328$137,760
7 years$176,615$164,759$153,672$143,314$133,642$108,354
8 years$152,978$141,229$130,326$120,223$110,869$86,849
9 years$134,604$122,965$112,250$102,403$93,368$70,596
10 years$119,912$108,387$97,862$88,272$79,554$58,004
11 years$107,900$96,491$86,156$76,823$68,419$48,060
12 years$97,897$86,605$76,461$67,384$59,291$40,088
13 years$89,440$78,266$68,313$59,490$51,703$33,620
14 years$82,197$71,141$61,380$52,809$45,322$28,319
15 years$75,925$64,989$55,418$47,096$39,905$23,940
16 years$70,443$59,626$50,244$42,170$35,268$20,299
17 years$65,611$54,913$45,720$37,889$31,271$17,255
18 years$61,320$50,742$41,737$34,146$27,805$14,698
19 years$57,486$47,028$38,208$30,854$24,783$12,543
20 years$54,039$43,700$35,065$27,944$22,137$10,719
21 years$50,925$40,705$32,253$25,361$19,810$9,172
22 years$48,097$37,997$29,726$23,059$17,757$7,857
23 years$45,519$35,538$27,447$21,000$15,940$6,736
24 years$43,160$33,296$25,384$19,153$14,327$5,780
25 years$40,993$31,247$23,511$17,492$12,892$4,963
26 years$38,995$29,367$21,805$15,994$11,613$4,263
27 years$37,149$27,638$20,248$14,639$10,470$3,664
28 years$35,438$26,043$18,823$13,413$9,447$3,151
29 years$33,847$24,569$17,516$12,300$8,530$2,710
30 years$32,366$23,203$16,316$11,288$7,708$2,332
31 years$30,982$21,934$15,211$10,367$6,969$2,007
32 years$29,688$20,754$14,192$9,528$6,304$1,728
33 years$28,475$19,654$13,251$8,762$5,705$1,488
34 years$27,335$18,628$12,381$8,061$5,165$1,281
35 years$26,263$17,668$11,575$7,421$4,678$1,104
36 years$25,253$16,770$10,829$6,835$4,239$951
37 years$24,300$15,927$10,135$6,297$3,842$819
38 years$23,399$15,137$9,491$5,804$3,483$706
39 years$22,546$14,394$8,892$5,352$3,158$608
40 years$21,738$13,694$8,335$4,936$2,865$524
41 years$20,971$13,036$7,815$4,554$2,599$451
42 years$20,243$12,415$7,331$4,203$2,358$389
43 years$19,551$11,829$6,879$3,880$2,140$335
44 years$18,891$11,275$6,457$3,582$1,943$289
45 years$18,263$10,752$6,063$3,309$1,764$249
46 years$17,664$10,257$5,695$3,056$1,601$215
47 years$17,093$9,788$5,350$2,823$1,454$185
48 years$16,546$9,344$5,028$2,609$1,320$160
49 years$16,024$8,923$4,726$2,411$1,199$137
50 years$15,524$8,524$4,443$2,229$1,089$119

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $15,900,000, adding $4,673 every year, while hoping to spend $48,001 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: 50/22/28 Blend
68$15,900,000$15,900,000$15,900,000$15,900,000
69$17,526,620$16,683,920$16,437,470$18,263,815
70$19,263,263$17,450,360$16,937,053$19,546,130
71$21,175,434$18,252,746$17,451,763$20,933,973
72$23,280,987$19,092,789$17,982,056$22,441,572
73$25,599,595$19,972,283$18,528,402$24,080,318
74$28,152,936$20,893,107$19,091,285$25,862,729
75$30,964,896$21,857,229$19,671,203$27,802,566
76$34,061,797$22,866,715$20,268,670$29,914,956
77$37,472,644$23,923,728$20,884,215$32,216,534
78$41,229,399$25,030,536$21,518,381$34,725,593
79$45,367,280$26,189,516$22,171,730$37,462,248
80$49,925,100$27,403,158$22,844,839$40,448,626
81$54,945,622$28,674,076$23,538,304$43,709,067
82$60,475,976$30,005,005$24,252,737$47,270,348
83$66,568,091$31,398,816$24,988,769$51,161,926
84$73,279,194$32,858,516$25,747,051$55,416,216
85$80,672,346$34,387,258$26,528,252$60,068,887
86$88,817,038$35,988,346$27,333,061$65,159,189
87$97,789,846$37,665,245$28,162,188$70,730,322
88$107,675,155$39,421,587$29,016,366$76,829,832
89$118,565,954$41,261,177$29,896,348$83,510,052
90$130,564,714$43,188,008$30,802,908$90,828,589
91$143,784,356$45,206,262$31,736,847$98,848,861
92$158,349,316$47,320,324$32,698,987$107,640,681
93$174,396,719$49,534,793$33,690,176$117,280,912
94$192,077,674$51,854,487$34,711,286$127,854,179
95$211,558,700$54,284,460$35,763,217$139,453,663
96$233,023,297$56,830,009$36,846,895$152,181,960
97$256,673,680$59,496,685$37,963,273$166,152,051
98$282,732,685$62,290,313$39,113,332$181,488,345
99$311,445,875$65,216,994$40,298,084$198,327,848
100$343,083,855$68,283,128$41,518,571$216,821,444