Can I retire at age 69 with 16,700,000?

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,283,922
2 years$682,708$669,993$657,671$645,723$634,134$586,533
3 years$450,618$437,848$425,556$413,721$402,321$356,376
4 years$334,595$321,865$309,696$298,063$286,938$243,000
5 years$265,000$252,346$240,337$228,941$218,126$176,309
6 years$218,618$206,059$194,228$183,086$172,596$132,931
7 years$185,501$173,048$161,404$150,525$140,367$102,845
8 years$160,675$148,334$136,884$126,272$116,448$81,038
9 years$141,376$129,152$117,898$107,555$98,066$64,720
10 years$125,946$113,841$102,786$92,714$83,557$52,219
11 years$113,329$101,346$90,491$80,689$71,862$42,466
12 years$102,823$90,963$80,309$70,775$62,274$34,749
13 years$93,940$82,204$71,750$62,484$54,304$28,575
14 years$86,333$74,721$64,468$55,466$47,603$23,591
15 years$79,745$68,259$58,206$49,466$41,913$19,539
16 years$73,987$62,626$52,772$44,291$37,043$16,226
17 years$68,912$57,676$48,021$39,795$32,845$13,503
18 years$64,405$53,296$43,837$35,864$29,204$11,257
19 years$60,378$49,394$40,130$32,406$26,030$9,398
20 years$56,758$45,899$36,830$29,350$23,251$7,856
21 years$53,487$42,753$33,876$26,637$20,807$6,573
22 years$50,517$39,909$31,222$24,219$18,650$5,505
23 years$47,810$37,326$28,828$22,057$16,742$4,613
24 years$45,332$34,972$26,661$20,117$15,048$3,868
25 years$43,055$32,819$24,694$18,372$13,541$3,245
26 years$40,957$30,845$22,902$16,798$12,197$2,723
27 years$39,018$29,029$21,267$15,376$10,997$2,286
28 years$37,221$27,353$19,770$14,088$9,922$1,920
29 years$35,550$25,805$18,398$12,919$8,960$1,613
30 years$33,994$24,370$17,137$11,856$8,096$1,355
31 years$32,541$23,038$15,976$10,889$7,319$1,139
32 years$31,182$21,798$14,906$10,007$6,621$957
33 years$29,907$20,643$13,918$9,202$5,992$804
34 years$28,710$19,565$13,004$8,467$5,425$676
35 years$27,584$18,557$12,158$7,794$4,914$568
36 years$26,523$17,614$11,373$7,178$4,452$478
37 years$25,522$16,729$10,645$6,614$4,035$402
38 years$24,576$15,898$9,969$6,096$3,658$338
39 years$23,680$15,118$9,340$5,621$3,317$284
40 years$22,832$14,383$8,754$5,185$3,009$239
41 years$22,026$13,692$8,209$4,783$2,730$201
42 years$21,262$13,039$7,700$4,415$2,477$169
43 years$20,534$12,424$7,225$4,075$2,248$142
44 years$19,842$11,843$6,782$3,763$2,040$119
45 years$19,182$11,293$6,368$3,475$1,852$100
46 years$18,553$10,773$5,981$3,210$1,682$84
47 years$17,953$10,281$5,619$2,966$1,527$71
48 years$17,379$9,814$5,281$2,740$1,387$60
49 years$16,830$9,372$4,963$2,533$1,260$50
50 years$16,305$8,953$4,666$2,341$1,144$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $16,700,000, adding $4,239 every year, while hoping to spend $33,173 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: 81/12/7 Blend
68$16,700,000$16,700,000$16,700,000$16,700,000
69$18,407,773$17,522,673$17,263,823$19,885,454
70$20,250,070$18,345,988$17,806,865$21,676,454
71$22,279,169$19,208,533$18,366,987$23,636,869
72$24,514,090$20,112,197$18,944,727$25,787,458
73$26,975,789$21,058,957$19,540,638$28,147,217
74$29,687,362$22,050,889$20,155,291$30,737,064
75$32,674,257$23,090,166$20,789,277$33,580,030
76$35,964,516$24,179,069$21,443,203$36,701,479
77$39,589,043$25,319,990$22,117,697$40,129,341
78$43,581,890$26,515,434$22,813,404$43,894,375
79$47,980,583$27,768,030$23,530,993$48,030,456
80$52,826,473$29,080,534$24,271,152$52,574,892
81$58,165,127$30,455,834$25,034,589$57,568,773
82$64,046,760$31,896,960$25,822,038$63,057,356
83$70,526,706$33,407,088$26,634,253$69,090,486
84$77,665,943$34,989,548$27,472,014$75,723,071
85$85,531,666$36,647,833$28,336,123$83,015,588
86$94,197,923$38,385,603$29,227,409$91,034,653
87$103,746,311$40,206,697$30,146,728$99,853,649
88$114,266,751$42,115,142$31,094,959$109,553,410
89$125,858,333$44,115,157$32,073,014$120,222,984
90$138,630,252$46,211,169$33,081,829$131,960,465
91$152,702,840$48,407,818$34,122,372$144,873,918
92$168,208,699$50,709,971$35,195,641$159,082,392
93$185,293,955$53,122,729$36,302,665$174,717,040
94$204,119,640$55,651,443$37,444,505$191,922,349
95$224,863,203$58,301,724$38,622,256$210,857,503
96$247,720,196$61,079,455$39,837,047$231,697,876
97$272,906,112$63,990,804$41,090,044$254,636,683
98$300,658,423$67,042,241$42,382,448$279,886,798
99$331,238,819$70,240,548$43,715,498$307,682,755
100$364,935,684$73,592,840$45,090,472$338,282,957