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

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 $4,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$338,574$335,558$332,616$329,744$326,940$318,648
2 years$167,611$164,489$161,464$158,531$155,686$147,386
3 years$110,631$107,496$104,478$101,572$98,773$90,725
4 years$82,146$79,021$76,033$73,177$70,446$62,711
5 years$65,060$61,953$59,005$56,207$53,552$46,152
6 years$53,673$50,589$47,685$44,949$42,374$35,316
7 years$45,542$42,485$39,626$36,955$34,461$27,746
8 years$39,447$36,417$33,606$31,001$28,589$22,213
9 years$34,709$31,708$28,945$26,406$24,076$18,034
10 years$30,921$27,949$25,235$22,762$20,514$14,799
11 years$27,823$24,881$22,216$19,810$17,643$12,247
12 years$25,244$22,332$19,716$17,376$15,289$10,202
13 years$23,063$20,182$17,615$15,340$13,332$8,544
14 years$21,195$18,345$15,827$13,617$11,687$7,187
15 years$19,578$16,758$14,290$12,144$10,290$6,067
16 years$18,165$15,375$12,956$10,874$9,094$5,137
17 years$16,918$14,160$11,790$9,770$8,064$4,361
18 years$15,812$13,085$10,762$8,805$7,170$3,709
19 years$14,823$12,127$9,852$7,956$6,391$3,160
20 years$13,935$11,269$9,042$7,206$5,708$2,697
21 years$13,132$10,496$8,317$6,540$5,108$2,304
22 years$12,402$9,798$7,665$5,946$4,579$1,970
23 years$11,738$9,164$7,078$5,415$4,110$1,687
24 years$11,129$8,586$6,546$4,939$3,694$1,445
25 years$10,570$8,057$6,062$4,510$3,324$1,239
26 years$10,055$7,573$5,623$4,124$2,994$1,062
27 years$9,579$7,127$5,221$3,775$2,700$912
28 years$9,138$6,716$4,854$3,459$2,436$783
29 years$8,728$6,335$4,517$3,172$2,200$672
30 years$8,346$5,983$4,207$2,911$1,988$577
31 years$7,989$5,656$3,922$2,673$1,797$496
32 years$7,655$5,352$3,660$2,457$1,625$426
33 years$7,342$5,068$3,417$2,259$1,471$367
34 years$7,049$4,803$3,193$2,079$1,332$315
35 years$6,772$4,556$2,985$1,914$1,206$271
36 years$6,512$4,324$2,792$1,762$1,093$233
37 years$6,266$4,107$2,614$1,624$991$200
38 years$6,034$3,903$2,447$1,497$898$172
39 years$5,814$3,712$2,293$1,380$814$148
40 years$5,605$3,531$2,149$1,273$739$128
41 years$5,408$3,361$2,015$1,174$670$110
42 years$5,220$3,201$1,890$1,084$608$94
43 years$5,041$3,050$1,774$1,000$552$81
44 years$4,871$2,907$1,665$924$501$70
45 years$4,709$2,773$1,563$853$455$60
46 years$4,555$2,645$1,468$788$413$52
47 years$4,408$2,524$1,380$728$375$45
48 years$4,267$2,410$1,296$673$341$38
49 years$4,132$2,301$1,219$622$309$33
50 years$4,003$2,198$1,146$575$281$28

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 $5,210 every year, while hoping to spend $50,158 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: 46/29/25 Blend
68$4,100,000$4,100,000$4,100,000$4,100,000
69$4,523,574$4,306,274$4,242,724$4,698,942
70$4,931,611$4,463,914$4,331,488$4,980,757
71$5,379,586$4,627,597$4,421,544$5,281,024
72$5,871,521$4,797,566$4,512,883$5,605,822
73$6,411,845$4,974,075$4,605,493$5,957,471
74$7,005,437$5,157,389$4,699,360$6,338,522
75$7,657,672$5,347,781$4,794,469$6,751,778
76$8,374,472$5,545,540$4,890,801$7,200,324
77$9,162,360$5,750,963$4,988,335$7,687,554
78$10,028,525$5,964,364$5,087,048$8,217,199
79$10,980,883$6,186,067$5,186,914$8,793,365
80$12,028,160$6,416,412$5,287,902$9,420,571
81$13,179,967$6,655,750$5,389,981$10,103,789
82$14,446,894$6,904,452$5,493,116$10,848,488
83$15,840,608$7,162,901$5,597,266$11,660,692
84$17,373,965$7,431,498$5,702,389$12,547,027
85$19,061,129$7,710,662$5,808,439$13,514,790
86$20,917,707$8,000,827$5,915,365$14,572,011
87$22,960,895$8,302,450$6,023,112$15,727,531
88$25,209,640$8,616,003$6,131,620$16,991,085
89$27,684,819$8,941,983$6,240,825$18,373,389
90$30,409,436$9,280,906$6,350,658$19,886,244
91$33,408,838$9,633,310$6,461,044$21,542,644
92$36,710,955$9,999,757$6,571,904$23,356,898
93$40,346,562$10,380,834$6,683,152$25,344,762
94$44,349,569$10,777,153$6,794,696$27,523,589
95$48,757,345$11,189,354$6,906,438$29,912,492
96$53,611,064$11,618,102$7,018,274$32,532,518
97$58,956,097$12,064,093$7,130,090$35,406,849
98$64,842,439$12,528,054$7,241,768$38,561,020
99$71,325,182$13,010,743$7,353,182$42,023,156
100$78,465,033$13,512,951$7,464,196$45,824,236