Can I retire at age 69 with 16,500,000?

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 $16,500,000?

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$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,293,936
2 years$674,532$661,969$649,794$637,990$626,540$604,643
3 years$445,221$432,604$420,460$408,766$397,502$376,188
4 years$330,588$318,010$305,987$294,493$283,502$262,934
5 years$261,826$249,324$237,459$226,199$215,514$195,751
6 years$216,000$203,592$191,902$180,893$170,529$151,594
7 years$183,280$170,976$159,471$148,722$138,686$120,585
8 years$158,751$146,558$135,244$124,759$115,053$97,783
9 years$139,683$127,605$116,486$106,267$96,891$80,442
10 years$124,437$112,478$101,555$91,603$82,556$66,914
11 years$111,972$100,132$89,407$79,722$71,001$56,149
12 years$101,592$89,873$79,347$69,927$61,528$47,448
13 years$92,815$81,219$70,891$61,735$53,654$40,324
14 years$85,299$73,826$63,696$54,802$47,032$34,431
15 years$78,790$67,441$57,509$48,873$41,411$29,513
16 years$73,101$61,876$52,140$43,761$36,599$25,381
17 years$68,087$56,986$47,446$39,319$32,451$21,887
18 years$63,634$52,657$43,312$35,434$28,854$18,919
19 years$59,655$48,802$39,650$32,018$25,718$16,385
20 years$56,078$45,349$36,389$28,998$22,972$14,215
21 years$52,846$42,241$33,470$26,318$20,558$12,350
22 years$49,912$39,431$30,848$23,929$18,427$10,744
23 years$47,237$36,879$28,483$21,793$16,541$9,356
24 years$44,789$34,553$26,342$19,876$14,867$8,155
25 years$42,540$32,426$24,398$18,152$13,378$7,115
26 years$40,467$30,475$22,628$16,597$12,051$6,211
27 years$38,551$28,681$21,012$15,192$10,865$5,425
28 years$36,775$27,026$19,533$13,919$9,804$4,742
29 years$35,124$25,496$18,177$12,764$8,852$4,146
30 years$33,587$24,078$16,932$11,714$7,999$3,627
31 years$32,151$22,762$15,785$10,759$7,232$3,173
32 years$30,808$21,537$14,727$9,887$6,541$2,778
33 years$29,549$20,396$13,751$9,092$5,920$2,432
34 years$28,367$19,331$12,848$8,366$5,360$2,130
35 years$27,254$18,335$12,012$7,701$4,855$1,866
36 years$26,206$17,403$11,237$7,092$4,399$1,634
37 years$25,216$16,529$10,518$6,535$3,987$1,432
38 years$24,281$15,708$9,849$6,023$3,614$1,255
39 years$23,397$14,937$9,228$5,554$3,277$1,100
40 years$22,558$14,211$8,649$5,123$2,973$964
41 years$21,763$13,528$8,110$4,726$2,697$845
42 years$21,007$12,883$7,608$4,362$2,447$741
43 years$20,288$12,275$7,139$4,026$2,221$650
44 years$19,604$11,701$6,701$3,718$2,016$570
45 years$18,953$11,158$6,292$3,433$1,830$499
46 years$18,331$10,644$5,910$3,171$1,662$438
47 years$17,738$10,158$5,552$2,930$1,509$384
48 years$17,171$9,697$5,217$2,707$1,370$337
49 years$16,629$9,260$4,904$2,502$1,245$295
50 years$16,110$8,846$4,610$2,313$1,130$259

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $16,500,000, adding $3,947 every year, while hoping to spend $52,044 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: 27/43/30 Blend
68$16,500,000$16,500,000$16,500,000$16,500,000
69$18,187,071$17,312,571$17,056,821$18,508,791
70$19,986,778$18,105,513$17,572,850$19,565,430
71$21,968,311$18,935,564$18,104,422$20,694,343
72$24,150,161$19,804,489$18,652,002$21,905,359
73$26,552,703$20,714,135$19,216,071$23,205,524
74$29,198,391$21,666,440$19,797,121$24,602,545
75$32,111,964$22,663,432$20,395,661$26,104,856
76$35,320,684$23,707,241$21,012,216$27,721,692
77$38,854,593$24,800,094$21,647,325$29,463,163
78$42,746,793$25,944,331$22,301,542$31,340,346
79$47,033,763$27,142,400$22,975,440$33,365,377
80$51,755,697$28,396,868$23,669,608$35,551,557
81$56,956,890$29,710,426$24,384,652$37,913,465
82$62,686,151$31,085,896$25,121,196$40,467,092
83$68,997,267$32,526,232$25,879,884$43,229,974
84$75,949,505$34,034,535$26,661,377$46,221,348
85$83,608,179$35,614,052$27,466,358$49,462,325
86$92,045,261$37,268,187$28,295,528$52,976,072
87$101,340,059$39,000,511$29,149,610$56,788,021
88$111,579,972$40,814,762$30,029,349$60,926,096
89$122,861,307$42,714,864$30,935,510$65,420,958
90$135,290,195$44,704,926$31,868,884$70,306,283
91$148,983,585$46,789,258$32,830,282$75,619,066
92$164,070,356$48,972,377$33,820,542$81,399,949
93$180,692,526$51,259,018$34,840,524$87,693,593
94$199,006,598$53,654,144$35,891,116$94,549,076
95$219,185,034$56,162,959$36,973,231$102,020,344
96$241,417,882$58,790,919$38,087,809$110,166,697
97$265,914,574$61,543,743$39,235,819$119,053,328
98$292,905,899$64,427,424$40,418,257$128,751,921
99$322,646,183$67,448,250$41,636,150$139,341,300
100$355,415,687$70,612,808$42,890,555$150,908,156