Can I retire at age 69 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,326,770
2 years$686,796$674,005$661,609$649,590$637,931$624,950
3 years$453,316$440,470$428,105$416,198$404,730$392,056
4 years$336,599$323,792$311,551$299,847$288,657$276,389
5 years$266,587$253,857$241,776$230,312$219,432$207,605
6 years$219,927$207,293$195,391$184,182$173,629$162,258
7 years$186,612$174,085$162,371$151,426$141,207$130,297
8 years$161,637$149,223$137,703$127,028$117,145$106,695
9 years$142,223$129,925$118,604$108,199$98,653$88,660
10 years$126,700$114,523$103,402$93,269$84,057$74,515
11 years$114,008$101,953$91,033$81,172$72,292$63,194
12 years$103,439$91,507$80,790$71,199$62,647$53,983
13 years$94,503$82,696$72,180$62,858$54,629$46,389
14 years$86,849$75,168$64,854$55,798$47,888$40,061
15 years$80,223$68,668$58,555$49,762$42,164$34,739
16 years$74,430$63,001$53,088$44,557$37,265$30,229
17 years$69,325$58,022$48,308$40,034$33,041$26,383
18 years$64,791$53,615$44,099$36,078$29,379$23,085
19 years$60,740$49,690$40,371$32,600$26,186$20,243
20 years$57,098$46,174$37,050$29,526$23,390$17,784
21 years$53,807$43,009$34,079$26,796$20,931$15,649
22 years$50,820$40,148$31,409$24,364$18,762$13,790
23 years$48,096$37,549$29,001$22,189$16,842$12,167
24 years$45,603$35,181$26,821$20,237$15,138$10,747
25 years$43,313$33,016$24,841$18,482$13,622$9,501
26 years$41,203$31,029$23,039$16,899$12,270$8,407
27 years$39,252$29,202$21,394$15,468$11,062$7,444
28 years$37,444$27,517$19,888$14,172$9,982$6,596
29 years$35,763$25,959$18,508$12,996$9,013$5,848
30 years$34,198$24,516$17,239$11,927$8,144$5,187
31 years$32,736$23,176$16,072$10,954$7,363$4,603
32 years$31,368$21,929$14,995$10,067$6,660$4,086
33 years$30,086$20,767$14,001$9,258$6,028$3,628
34 years$28,882$19,682$13,082$8,518$5,457$3,223
35 years$27,750$18,668$12,231$7,841$4,943$2,864
36 years$26,682$17,719$11,441$7,221$4,479$2,545
37 years$25,675$16,829$10,709$6,654$4,059$2,263
38 years$24,723$15,994$10,028$6,133$3,680$2,012
39 years$23,822$15,208$9,396$5,655$3,337$1,789
40 years$22,968$14,469$8,807$5,216$3,027$1,591
41 years$22,158$13,774$8,258$4,812$2,746$1,415
42 years$21,389$13,117$7,746$4,441$2,492$1,259
43 years$20,657$12,498$7,269$4,100$2,261$1,120
44 years$19,961$11,913$6,823$3,785$2,053$997
45 years$19,297$11,361$6,406$3,496$1,863$887
46 years$18,664$10,838$6,017$3,229$1,692$789
47 years$18,060$10,342$5,653$2,983$1,536$703
48 years$17,483$9,873$5,312$2,757$1,395$625
49 years$16,931$9,428$4,993$2,548$1,267$557
50 years$16,403$9,006$4,694$2,355$1,151$495

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $16,800,000, adding $4,108 every year, while hoping to spend $35,360 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: 57/37/6 Blend
68$16,800,000$16,800,000$16,800,000$16,800,000
69$18,517,837$17,627,437$17,367,037$19,550,130
70$20,369,034$18,453,559$17,911,210$21,070,604
71$22,407,868$19,318,976$18,472,428$22,722,065
72$24,653,440$20,225,575$19,051,224$24,520,464
73$27,126,799$21,175,337$19,648,149$26,479,825
74$29,851,141$22,170,336$20,263,770$28,615,559
75$32,852,024$23,212,749$20,898,672$30,944,600
76$36,157,613$24,304,857$21,553,460$33,485,564
77$39,798,944$25,449,050$22,228,756$36,258,913
78$43,810,219$26,647,835$22,925,202$39,287,142
79$48,229,125$27,903,843$23,643,460$42,594,985
80$53,097,193$29,219,828$24,384,213$46,209,644
81$58,460,187$30,598,681$25,148,165$50,161,028
82$64,368,540$32,043,430$25,936,043$54,482,038
83$70,877,826$33,557,253$26,748,595$59,208,862
84$78,049,285$35,143,479$27,586,593$64,381,307
85$85,950,403$36,805,601$28,450,836$70,043,170
86$94,655,549$38,547,280$29,342,143$76,242,636
87$104,246,673$40,372,354$30,261,362$83,032,723
88$114,814,083$42,284,849$31,209,368$90,471,776
89$126,457,298$44,288,986$32,187,060$98,624,000
90$139,285,985$46,389,188$33,195,369$107,560,055
91$153,420,994$48,590,097$34,235,253$117,357,714
92$168,995,501$50,896,577$35,307,699$128,102,580
93$186,156,263$53,313,731$36,413,728$139,888,879
94$205,065,004$55,846,906$37,554,390$152,820,339
95$225,899,942$58,501,712$38,730,770$167,011,149
96$248,857,471$61,284,030$39,943,985$182,587,025
97$274,154,012$64,200,027$41,195,189$199,686,376
98$302,028,064$67,256,171$42,485,569$218,461,594
99$332,742,444$70,459,241$43,816,354$239,080,475
100$366,586,778$73,816,348$45,188,806$261,727,783