Can I retire at age 69 with 4,100,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $4,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$338,574$335,558$332,616$329,744$326,940$319,425
2 years$167,611$164,489$161,464$158,531$155,686$148,156
3 years$110,631$107,496$104,478$101,572$98,773$91,465
4 years$82,146$79,021$76,033$73,177$70,446$63,414
5 years$65,060$61,953$59,005$56,207$53,552$46,816
6 years$53,673$50,589$47,685$44,949$42,374$35,942
7 years$45,542$42,485$39,626$36,955$34,461$28,334
8 years$39,447$36,417$33,606$31,001$28,589$22,763
9 years$34,709$31,708$28,945$26,406$24,076$18,548
10 years$30,921$27,949$25,235$22,762$20,514$15,278
11 years$27,823$24,881$22,216$19,810$17,643$12,691
12 years$25,244$22,332$19,716$17,376$15,289$10,613
13 years$23,063$20,182$17,615$15,340$13,332$8,925
14 years$21,195$18,345$15,827$13,617$11,687$7,538
15 years$19,578$16,758$14,290$12,144$10,290$6,390
16 years$18,165$15,375$12,956$10,874$9,094$5,434
17 years$16,918$14,160$11,790$9,770$8,064$4,633
18 years$15,812$13,085$10,762$8,805$7,170$3,958
19 years$14,823$12,127$9,852$7,956$6,391$3,387
20 years$13,935$11,269$9,042$7,206$5,708$2,904
21 years$13,132$10,496$8,317$6,540$5,108$2,492
22 years$12,402$9,798$7,665$5,946$4,579$2,141
23 years$11,738$9,164$7,078$5,415$4,110$1,842
24 years$11,129$8,586$6,546$4,939$3,694$1,585
25 years$10,570$8,057$6,062$4,510$3,324$1,365
26 years$10,055$7,573$5,623$4,124$2,994$1,177
27 years$9,579$7,127$5,221$3,775$2,700$1,015
28 years$9,138$6,716$4,854$3,459$2,436$875
29 years$8,728$6,335$4,517$3,172$2,200$756
30 years$8,346$5,983$4,207$2,911$1,988$652
31 years$7,989$5,656$3,922$2,673$1,797$563
32 years$7,655$5,352$3,660$2,457$1,625$486
33 years$7,342$5,068$3,417$2,259$1,471$420
34 years$7,049$4,803$3,193$2,079$1,332$363
35 years$6,772$4,556$2,985$1,914$1,206$314
36 years$6,512$4,324$2,792$1,762$1,093$271
37 years$6,266$4,107$2,614$1,624$991$234
38 years$6,034$3,903$2,447$1,497$898$203
39 years$5,814$3,712$2,293$1,380$814$175
40 years$5,605$3,531$2,149$1,273$739$152
41 years$5,408$3,361$2,015$1,174$670$131
42 years$5,220$3,201$1,890$1,084$608$113
43 years$5,041$3,050$1,774$1,000$552$98
44 years$4,871$2,907$1,665$924$501$85
45 years$4,709$2,773$1,563$853$455$73
46 years$4,555$2,645$1,468$788$413$63
47 years$4,408$2,524$1,380$728$375$55
48 years$4,267$2,410$1,296$673$341$47
49 years$4,132$2,301$1,219$622$309$41
50 years$4,003$2,198$1,146$575$281$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $4,100,000, adding $3,060 every year, while hoping to spend $42,450 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: 79/11/10 Blend
68$4,100,000$4,100,000$4,100,000$4,100,000
69$4,521,356$4,304,056$4,240,506$4,870,822
70$4,937,368$4,469,789$4,337,397$5,266,447
71$5,394,391$4,642,219$4,436,110$5,694,548
72$5,896,562$4,821,631$4,536,663$6,162,953
73$6,448,440$5,008,320$4,639,071$6,675,669
74$7,055,049$5,202,596$4,743,348$7,237,105
75$7,721,922$5,404,781$4,849,507$7,852,116
76$8,455,154$5,615,211$4,957,562$8,526,050
77$9,261,461$5,834,238$5,067,522$9,264,797
78$10,148,245$6,062,230$5,179,399$10,074,841
79$11,123,657$6,299,571$5,293,200$10,963,326
80$12,196,680$6,546,660$5,408,932$11,938,119
81$13,377,212$6,803,917$5,526,601$13,007,886
82$14,676,156$7,071,777$5,646,212$14,182,170
83$16,105,529$7,350,699$5,767,764$15,471,485
84$17,678,569$7,641,159$5,891,260$16,887,411
85$19,409,862$7,943,655$6,016,696$18,442,705
86$21,315,481$8,258,708$6,144,069$20,151,420
87$23,413,137$8,586,861$6,273,373$22,029,035
88$25,722,343$8,928,684$6,404,597$24,092,604
89$28,264,602$9,284,769$6,537,731$26,360,914
90$31,063,607$9,655,738$6,672,760$28,854,662
91$34,145,465$10,042,239$6,809,667$31,596,649
92$37,538,943$10,444,949$6,948,432$34,611,998
93$41,275,741$10,864,578$7,089,030$37,928,382
94$45,390,789$11,301,865$7,231,435$41,576,296
95$49,922,577$11,757,584$7,375,616$45,589,334
96$54,913,518$12,232,543$7,521,537$50,004,511
97$60,410,349$12,727,590$7,669,160$54,862,606
98$66,464,569$13,243,606$7,818,442$60,208,554
99$73,132,929$13,781,517$7,969,334$66,091,862
100$80,477,965$14,342,289$8,121,784$72,567,079