Can I retire at age 69 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,227,666
2 years$654,092$641,910$630,104$618,657$607,554$559,556
3 years$431,730$419,495$407,719$396,379$385,457$339,168
4 years$320,570$308,373$296,715$285,569$274,911$230,684
5 years$253,892$241,768$230,263$219,344$208,983$166,932
6 years$209,455$197,422$186,087$175,411$165,361$125,515
7 years$177,726$165,795$154,639$144,215$134,483$96,830
8 years$153,940$142,117$131,146$120,979$111,567$76,072
9 years$135,450$123,738$112,956$103,047$93,955$60,569
10 years$120,667$109,069$98,478$88,828$80,054$48,715
11 years$108,579$97,098$86,698$77,307$68,850$39,487
12 years$98,513$87,150$76,942$67,808$59,664$32,204
13 years$90,002$78,758$68,743$59,865$52,028$26,392
14 years$82,714$71,589$61,766$53,141$45,607$21,713
15 years$76,403$65,398$55,766$47,392$40,156$17,919
16 years$70,886$60,001$50,560$42,435$35,490$14,827
17 years$66,023$55,259$46,008$38,127$31,468$12,293
18 years$61,706$51,062$41,999$34,360$27,980$10,210
19 years$57,847$47,323$38,448$31,048$24,939$8,492
20 years$54,379$43,975$35,286$28,120$22,276$7,071
21 years$51,245$40,961$32,456$25,520$19,935$5,894
22 years$48,400$38,236$29,913$23,204$17,869$4,917
23 years$45,806$35,761$27,620$21,132$16,040$4,104
24 years$43,431$33,506$25,544$19,274$14,417$3,428
25 years$41,250$31,444$23,659$17,602$12,973$2,864
26 years$39,241$29,552$21,942$16,094$11,686$2,394
27 years$37,383$27,812$20,375$14,731$10,536$2,002
28 years$35,661$26,207$18,941$13,497$9,506$1,674
29 years$34,060$24,723$17,627$12,377$8,584$1,401
30 years$32,569$23,348$16,418$11,359$7,756$1,172
31 years$31,177$22,072$15,306$10,433$7,012$981
32 years$29,875$20,885$14,281$9,588$6,343$821
33 years$28,654$19,778$13,334$8,817$5,741$687
34 years$27,507$18,745$12,459$8,112$5,197$575
35 years$26,428$17,779$11,648$7,468$4,708$482
36 years$25,412$16,875$10,897$6,878$4,265$403
37 years$24,452$16,028$10,199$6,337$3,866$338
38 years$23,546$15,232$9,551$5,841$3,505$283
39 years$22,688$14,484$8,948$5,385$3,178$237
40 years$21,875$13,780$8,387$4,967$2,883$198
41 years$21,103$13,118$7,864$4,583$2,615$166
42 years$20,370$12,493$7,377$4,230$2,373$139
43 years$19,674$11,903$6,922$3,904$2,154$116
44 years$19,010$11,346$6,498$3,605$1,955$97
45 years$18,378$10,820$6,101$3,329$1,775$82
46 years$17,776$10,322$5,731$3,075$1,611$68
47 years$17,200$9,850$5,384$2,841$1,463$57
48 years$16,650$9,403$5,059$2,625$1,329$48
49 years$16,125$8,979$4,755$2,426$1,207$40
50 years$15,622$8,577$4,471$2,243$1,096$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $16,000,000, adding $4,791 every year, while hoping to spend $52,175 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: 66/25/9 Blend
68$16,000,000$16,000,000$16,000,000$16,000,000
69$17,636,942$16,788,942$16,540,942$18,768,748
70$19,380,396$17,556,086$17,039,550$20,289,352
71$21,299,934$18,359,072$17,553,112$21,943,966
72$23,413,461$19,199,600$18,082,075$23,750,956
73$25,740,707$20,079,454$18,626,898$25,725,181
74$28,303,413$21,000,501$19,188,053$27,882,987
75$31,125,536$21,964,700$19,766,027$30,242,358
76$34,233,473$22,974,103$20,361,321$32,823,079
77$37,656,313$24,030,860$20,974,451$35,646,917
78$41,426,110$25,137,225$21,605,949$38,737,829
79$45,578,186$26,295,561$22,256,360$42,122,173
80$50,151,461$27,508,344$22,926,249$45,828,961
81$55,188,826$28,778,169$23,616,194$49,890,121
82$60,737,543$30,107,755$24,326,793$54,340,797
83$66,849,691$31,499,955$25,058,660$59,219,673
84$73,582,662$32,957,755$25,812,427$64,569,333
85$80,999,696$34,484,287$26,588,746$70,436,656
86$89,170,483$36,082,835$27,388,287$76,873,251
87$98,171,818$37,756,840$28,211,740$83,935,941
88$108,088,327$39,509,908$29,059,817$91,687,286
89$119,013,263$41,345,821$29,933,248$100,196,174
90$131,049,391$43,268,541$30,832,786$109,538,455
91$144,309,952$45,282,223$31,759,208$119,797,654
92$158,919,737$47,391,221$32,713,311$131,065,750
93$175,016,259$49,600,100$33,695,916$143,444,034
94$192,751,059$51,913,646$34,707,870$157,044,057
95$212,291,127$54,336,875$35,750,044$171,988,673
96$233,820,484$56,875,045$36,823,333$188,413,186
97$257,541,920$59,533,668$37,928,661$206,466,620
98$283,678,902$62,318,524$39,066,977$226,313,112
99$312,477,689$65,235,670$40,239,260$248,133,452
100$344,209,654$68,291,459$41,446,515$272,126,773