Can I retire at age 69 with 4,000,000?

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 $4,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$330,316$327,374$324,503$321,702$318,966$310,750
2 years$163,523$160,477$157,526$154,664$151,888$143,666
3 years$107,932$104,874$101,930$99,095$96,364$88,393
4 years$80,143$77,093$74,179$71,392$68,728$61,068
5 years$63,473$60,442$57,566$54,836$52,246$44,919
6 years$52,364$49,356$46,522$43,853$41,340$34,353
7 years$44,431$41,449$38,660$36,054$33,621$26,975
8 years$38,485$35,529$32,787$30,245$27,892$21,583
9 years$33,863$30,935$28,239$25,762$23,489$17,512
10 years$30,167$27,267$24,619$22,207$20,014$14,362
11 years$27,145$24,274$21,675$19,327$17,212$11,877
12 years$24,628$21,787$19,236$16,952$14,916$9,887
13 years$22,501$19,689$17,186$14,966$13,007$8,275
14 years$20,678$17,897$15,441$13,285$11,402$6,956
15 years$19,101$16,349$13,942$11,848$10,039$5,868
16 years$17,722$15,000$12,640$10,609$8,873$4,965
17 years$16,506$13,815$11,502$9,532$7,867$4,211
18 years$15,426$12,765$10,500$8,590$6,995$3,579
19 years$14,462$11,831$9,612$7,762$6,235$3,048
20 years$13,595$10,994$8,821$7,030$5,569$2,599
21 years$12,811$10,240$8,114$6,380$4,984$2,218
22 years$12,100$9,559$7,478$5,801$4,467$1,896
23 years$11,451$8,940$6,905$5,283$4,010$1,622
24 years$10,858$8,376$6,386$4,818$3,604$1,388
25 years$10,313$7,861$5,915$4,400$3,243$1,189
26 years$9,810$7,388$5,486$4,024$2,921$1,019
27 years$9,346$6,953$5,094$3,683$2,634$874
28 years$8,915$6,552$4,735$3,374$2,377$749
29 years$8,515$6,181$4,407$3,094$2,146$643
30 years$8,142$5,837$4,105$2,840$1,939$552
31 years$7,794$5,518$3,827$2,608$1,753$474
32 years$7,469$5,221$3,570$2,397$1,586$407
33 years$7,163$4,945$3,334$2,204$1,435$350
34 years$6,877$4,686$3,115$2,028$1,299$300
35 years$6,607$4,445$2,912$1,867$1,177$258
36 years$6,353$4,219$2,724$1,719$1,066$222
37 years$6,113$4,007$2,550$1,584$966$190
38 years$5,886$3,808$2,388$1,460$876$164
39 years$5,672$3,621$2,237$1,346$795$141
40 years$5,469$3,445$2,097$1,242$721$121
41 years$5,276$3,279$1,966$1,146$654$104
42 years$5,093$3,123$1,844$1,057$593$89
43 years$4,918$2,976$1,731$976$538$77
44 years$4,753$2,837$1,624$901$489$66
45 years$4,595$2,705$1,525$832$444$57
46 years$4,444$2,580$1,433$769$403$49
47 years$4,300$2,462$1,346$710$366$42
48 years$4,163$2,351$1,265$656$332$36
49 years$4,031$2,245$1,189$607$302$31
50 years$3,905$2,144$1,118$561$274$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $4,000,000, adding $5,168 every year, while hoping to spend $49,883 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: 45/42/13 Blend
68$4,000,000$4,000,000$4,000,000$4,000,000
69$4,413,331$4,201,331$4,139,331$4,595,355
70$4,810,415$4,354,121$4,224,923$4,875,223
71$5,246,331$4,512,726$4,311,711$5,173,050
72$5,724,985$4,677,378$4,399,682$5,494,899
73$6,250,683$4,848,319$4,488,821$5,843,008
74$6,828,168$5,025,801$4,579,111$6,219,838
75$7,462,663$5,210,088$4,670,533$6,628,095
76$8,159,924$5,401,452$4,763,066$7,070,748
77$8,926,292$5,600,179$4,856,685$7,551,066
78$9,768,753$5,806,566$4,951,362$8,072,640
79$10,695,002$6,020,924$5,047,069$8,639,419
80$11,713,518$6,243,575$5,143,772$9,255,746
81$12,833,642$6,474,856$5,241,434$9,926,397
82$14,065,668$6,715,119$5,340,017$10,656,625
83$15,420,935$6,964,729$5,439,476$11,452,209
84$16,911,938$7,224,067$5,539,765$12,319,508
85$18,552,441$7,493,532$5,640,833$13,265,517
86$20,357,614$7,773,539$5,742,625$14,297,932
87$22,344,168$8,064,520$5,845,080$15,425,224
88$24,530,518$8,366,926$5,948,136$16,656,716
89$26,936,954$8,681,229$6,051,721$18,002,668
90$29,585,833$9,007,919$6,155,763$19,474,372
91$32,501,788$9,347,507$6,260,182$21,084,259
92$35,711,965$9,700,529$6,364,892$22,846,016
93$39,246,271$10,067,541$6,469,802$24,774,706
94$43,137,666$10,449,125$6,574,815$26,886,917
95$47,422,463$10,845,887$6,679,827$29,200,912
96$52,140,679$11,258,461$6,784,726$31,736,798
97$57,336,408$11,687,506$6,889,394$34,516,716
98$63,058,239$12,133,711$6,993,707$37,565,050
99$69,359,713$12,597,797$7,097,529$40,908,649
100$76,299,828$13,080,513$7,200,721$44,577,083