Can I retire at age 69 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,294,641
2 years$670,444$657,958$645,856$634,123$622,742$609,529
3 years$442,523$429,982$417,912$406,289$395,093$382,196
4 years$328,585$316,083$304,133$292,708$281,784$269,301
5 years$260,239$247,813$236,019$224,828$214,208$202,176
6 years$214,691$202,358$190,739$179,797$169,495$157,930
7 years$182,169$169,940$158,505$147,821$137,845$126,751
8 years$157,789$145,670$134,425$124,003$114,356$103,732
9 years$138,836$126,832$115,780$105,623$96,304$86,147
10 years$123,683$111,796$100,940$91,048$82,056$72,360
11 years$111,293$99,525$88,866$79,239$70,571$61,328
12 years$100,976$89,329$78,866$69,503$61,155$52,355
13 years$92,252$80,727$70,462$61,361$53,328$44,962
14 years$84,782$73,379$63,310$54,470$46,747$38,803
15 years$78,313$67,033$57,160$48,577$41,160$33,625
16 years$72,658$61,501$51,824$43,496$36,377$29,240
17 years$67,674$56,640$47,158$39,081$32,255$25,502
18 years$63,249$52,338$43,049$35,219$28,679$22,298
19 years$59,294$48,506$39,409$31,824$25,563$19,538
20 years$55,738$45,075$36,168$28,823$22,833$17,153
21 years$52,526$41,985$33,268$26,158$20,433$15,083
22 years$49,610$39,192$30,661$23,784$18,315$13,281
23 years$46,951$36,655$28,310$21,660$16,441$11,709
24 years$44,517$34,343$26,182$19,756$14,777$10,334
25 years$42,282$32,230$24,250$18,042$13,297$9,129
26 years$40,222$30,291$22,491$16,497$11,978$8,071
27 years$38,317$28,507$20,885$15,100$10,799$7,141
28 years$36,552$26,862$19,415$13,835$9,744$6,323
29 years$34,912$25,341$18,067$12,687$8,799$5,601
30 years$33,383$23,932$16,829$11,643$7,950$4,964
31 years$31,956$22,624$15,689$10,693$7,188$4,401
32 years$30,621$21,407$14,638$9,827$6,502$3,904
33 years$29,370$20,273$13,668$9,037$5,884$3,464
34 years$28,195$19,214$12,770$8,315$5,327$3,074
35 years$27,089$18,224$11,939$7,654$4,825$2,729
36 years$26,047$17,297$11,169$7,049$4,372$2,424
37 years$25,064$16,428$10,454$6,495$3,962$2,153
38 years$24,134$15,613$9,790$5,987$3,592$1,912
39 years$23,255$14,846$9,172$5,520$3,258$1,699
40 years$22,421$14,125$8,597$5,091$2,955$1,510
41 years$21,631$13,446$8,061$4,698$2,681$1,342
42 years$20,880$12,805$7,562$4,335$2,432$1,193
43 years$20,165$12,201$7,096$4,002$2,208$1,060
44 years$19,486$11,630$6,660$3,695$2,004$943
45 years$18,838$11,090$6,254$3,413$1,819$838
46 years$18,220$10,580$5,874$3,152$1,652$745
47 years$17,630$10,096$5,518$2,912$1,500$663
48 years$17,067$9,638$5,186$2,691$1,362$589
49 years$16,528$9,204$4,874$2,487$1,237$524
50 years$16,012$8,792$4,582$2,299$1,124$466

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $16,400,000, adding $5,760 every year, while hoping to spend $20,622 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: 34/41/25 Blend
68$16,400,000$16,400,000$16,400,000$16,400,000
69$18,078,741$17,209,541$16,955,341$18,555,856
70$19,900,831$18,030,867$17,501,404$19,734,650
71$21,908,083$18,891,747$18,065,068$21,002,663
72$24,119,362$19,794,097$18,646,902$22,369,653
73$26,555,456$20,739,926$19,247,492$23,844,425
74$29,239,273$21,731,343$19,867,443$25,436,623
75$32,196,056$22,770,557$20,507,381$27,156,820
76$35,453,625$23,859,885$21,167,949$29,016,600
77$39,042,633$25,001,758$21,849,813$31,028,667
78$42,996,861$26,198,723$22,553,661$33,206,951
79$47,353,535$27,453,454$23,280,203$35,566,732
80$52,153,675$28,768,754$24,030,169$38,124,777
81$57,442,488$30,147,560$24,804,318$40,899,480
82$63,269,787$31,592,956$25,603,428$43,911,034
83$69,690,467$33,108,173$26,428,305$47,181,605
84$76,765,023$34,696,602$27,279,781$50,735,533
85$84,560,117$36,361,797$28,158,715$54,599,544
86$93,149,209$38,107,485$29,065,993$58,802,996
87$102,613,254$39,937,577$30,002,529$63,378,138
88$113,041,461$41,856,173$30,969,268$68,360,402
89$124,532,136$43,867,572$31,967,185$73,788,724
90$137,193,614$45,976,284$32,997,287$79,705,894
91$151,145,279$48,187,037$34,060,611$86,158,944
92$166,518,687$50,504,792$35,158,231$93,199,577
93$183,458,815$52,934,749$36,291,254$100,884,635
94$202,125,426$55,482,363$37,460,823$109,276,621
95$222,694,576$58,153,356$38,668,118$118,444,264
96$245,360,279$60,953,726$39,914,356$128,463,153
97$270,336,336$63,889,767$41,200,795$139,416,425
98$297,858,353$66,968,077$42,528,733$151,395,531
99$328,185,970$70,195,577$43,899,510$164,501,076
100$361,605,304$73,579,526$45,314,508$178,843,743