Can I retire at age 69 with 16,300,000?

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,278,252
2 years$666,356$653,946$641,918$630,257$618,945$597,314
3 years$439,824$427,361$415,363$403,811$392,684$371,628
4 years$326,581$314,155$302,278$290,923$280,066$259,747
5 years$258,653$246,302$234,580$223,457$212,901$193,379
6 years$213,382$201,124$189,576$178,700$168,462$149,757
7 years$181,058$168,903$157,538$146,919$137,004$119,123
8 years$156,827$144,781$133,605$123,247$113,658$96,598
9 years$137,990$126,058$115,074$104,979$95,717$79,467
10 years$122,929$111,114$100,324$90,493$81,556$66,103
11 years$110,615$98,918$88,324$78,756$70,140$55,469
12 years$100,360$88,784$78,385$69,080$60,782$46,873
13 years$91,690$80,235$70,032$60,987$53,003$39,835
14 years$84,265$72,931$62,924$54,137$46,462$34,013
15 years$77,835$66,624$56,812$48,281$40,909$29,156
16 years$72,215$61,126$51,508$43,230$36,156$25,073
17 years$67,261$56,295$46,870$38,842$32,058$21,622
18 years$62,863$52,019$42,787$35,005$28,505$18,690
19 years$58,932$48,211$39,169$31,630$25,407$16,187
20 years$55,399$44,800$35,948$28,647$22,694$14,043
21 years$52,206$41,729$33,065$25,999$20,308$12,201
22 years$49,307$38,953$30,474$23,639$18,204$10,614
23 years$46,665$36,432$28,138$21,528$16,341$9,243
24 years$44,246$34,134$26,023$19,635$14,687$8,057
25 years$42,024$32,033$24,102$17,932$13,216$7,028
26 years$39,976$30,106$22,353$16,396$11,905$6,136
27 years$38,084$28,333$20,757$15,008$10,733$5,360
28 years$36,329$26,698$19,296$13,750$9,685$4,684
29 years$34,699$25,187$17,957$12,609$8,745$4,096
30 years$33,180$23,786$16,726$11,572$7,902$3,583
31 years$31,762$22,486$15,593$10,628$7,144$3,135
32 years$30,435$21,276$14,549$9,768$6,462$2,744
33 years$29,191$20,149$13,584$8,982$5,848$2,403
34 years$28,023$19,097$12,692$8,264$5,295$2,104
35 years$26,924$18,113$11,867$7,608$4,796$1,843
36 years$25,888$17,192$11,101$7,007$4,345$1,615
37 years$24,911$16,328$10,390$6,456$3,938$1,415
38 years$23,987$15,518$9,730$5,950$3,570$1,240
39 years$23,113$14,756$9,116$5,486$3,238$1,087
40 years$22,285$14,039$8,544$5,060$2,937$952
41 years$21,499$13,364$8,012$4,669$2,664$835
42 years$20,752$12,727$7,515$4,309$2,418$732
43 years$20,042$12,126$7,052$3,978$2,194$642
44 years$19,367$11,559$6,620$3,673$1,992$563
45 years$18,723$11,023$6,216$3,392$1,808$493
46 years$18,109$10,515$5,838$3,133$1,642$433
47 years$17,523$10,035$5,485$2,895$1,491$379
48 years$16,963$9,579$5,154$2,675$1,354$333
49 years$16,427$9,148$4,845$2,472$1,229$292
50 years$15,914$8,738$4,555$2,285$1,117$256

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $16,300,000, adding $2,663 every year, while hoping to spend $39,343 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: 58/31/11 Blend
68$16,300,000$16,300,000$16,300,000$16,300,000
69$17,965,347$17,101,447$16,848,797$18,959,192
70$19,755,952$17,897,557$17,371,371$20,425,452
71$21,727,879$18,731,358$17,910,133$22,018,325
72$23,899,584$19,604,655$18,465,583$23,753,631
73$26,291,399$20,519,341$19,038,237$25,645,042
74$28,925,732$21,477,399$19,628,629$27,707,585
75$31,827,274$22,480,909$20,237,305$29,957,780
76$35,023,234$23,532,052$20,864,833$32,413,791
77$38,543,594$24,633,112$21,511,794$35,095,592
78$42,421,391$25,786,486$22,178,791$38,025,146
79$46,693,035$26,994,685$22,866,441$41,226,611
80$51,398,642$28,260,342$23,575,385$44,726,559
81$56,582,424$29,586,219$24,306,281$48,554,219
82$62,293,096$30,975,209$25,059,807$52,741,747
83$68,584,344$32,430,347$25,836,662$57,324,524
84$75,515,326$33,954,812$26,637,569$62,341,476
85$83,151,233$35,551,941$27,463,271$67,835,441
86$91,563,902$37,225,230$28,314,534$73,853,559
87$100,832,498$38,978,344$29,192,149$80,447,711
88$111,044,256$40,815,127$30,096,929$87,674,996
89$122,295,309$42,739,607$31,029,716$95,598,264
90$134,691,593$44,756,010$31,991,373$104,286,699
91$148,349,846$46,868,765$32,982,795$113,816,455
92$163,398,711$49,082,515$34,004,899$124,271,373
93$179,979,952$51,402,131$35,058,636$135,743,753
94$198,249,789$53,832,717$36,144,982$148,335,215
95$218,380,373$56,379,626$37,264,944$162,157,648
96$240,561,413$59,048,470$38,419,562$177,334,249
97$265,001,967$61,845,134$39,609,907$194,000,675
98$291,932,410$64,775,788$40,837,082$212,306,306
99$321,606,616$67,846,902$42,102,224$232,415,640
100$354,304,350$71,065,260$43,406,508$254,509,832