Can I retire at age 69 with 4,500,000?

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 $4,500,000?

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$371,606$368,296$365,066$361,914$358,836$355,385
2 years$183,963$180,537$177,217$173,997$170,874$167,397
3 years$121,424$117,983$114,671$111,482$108,410$105,015
4 years$90,160$86,730$83,451$80,316$77,319$74,033
5 years$71,407$67,997$64,761$61,691$58,776$55,609
6 years$58,909$55,525$52,337$49,334$46,508$43,462
7 years$49,985$46,630$43,492$40,561$37,823$34,901
8 years$43,296$39,970$36,885$34,025$31,378$28,579
9 years$38,095$34,801$31,769$28,982$26,425$23,748
10 years$33,937$30,676$27,697$24,983$22,515$19,960
11 years$30,538$27,309$24,384$21,742$19,364$16,927
12 years$27,707$24,511$21,640$19,071$16,780$14,460
13 years$25,313$22,151$19,334$16,837$14,633$12,426
14 years$23,263$20,134$17,372$14,946$12,827$10,731
15 years$21,488$18,393$15,684$13,329$11,294$9,305
16 years$19,937$16,875$14,220$11,935$9,982$8,097
17 years$18,569$15,542$12,940$10,723$8,850$7,067
18 years$17,355$14,361$11,812$9,664$7,869$6,183
19 years$16,270$13,310$10,814$8,732$7,014$5,422
20 years$15,294$12,368$9,924$7,909$6,265$4,764
21 years$14,413$11,520$9,128$7,178$5,607$4,192
22 years$13,612$10,754$8,413$6,526$5,026$3,694
23 years$12,883$10,058$7,768$5,943$4,511$3,259
24 years$12,215$9,424$7,184$5,421$4,055$2,879
25 years$11,602$8,844$6,654$4,951$3,649$2,545
26 years$11,036$8,311$6,171$4,527$3,287$2,252
27 years$10,514$7,822$5,731$4,143$2,963$1,994
28 years$10,030$7,371$5,327$3,796$2,674$1,767
29 years$9,579$6,953$4,957$3,481$2,414$1,566
30 years$9,160$6,567$4,618$3,195$2,181$1,389
31 years$8,769$6,208$4,305$2,934$1,972$1,233
32 years$8,402$5,874$4,017$2,697$1,784$1,094
33 years$8,059$5,563$3,750$2,480$1,615$972
34 years$7,736$5,272$3,504$2,282$1,462$863
35 years$7,433$5,000$3,276$2,100$1,324$767
36 years$7,147$4,746$3,065$1,934$1,200$682
37 years$6,877$4,508$2,868$1,782$1,087$606
38 years$6,622$4,284$2,686$1,643$986$539
39 years$6,381$4,074$2,517$1,515$894$479
40 years$6,152$3,876$2,359$1,397$811$426
41 years$5,935$3,689$2,212$1,289$736$379
42 years$5,729$3,514$2,075$1,190$667$337
43 years$5,533$3,348$1,947$1,098$606$300
44 years$5,347$3,191$1,828$1,014$550$267
45 years$5,169$3,043$1,716$936$499$238
46 years$4,999$2,903$1,612$865$453$211
47 years$4,838$2,770$1,514$799$412$188
48 years$4,683$2,645$1,423$738$374$168
49 years$4,535$2,525$1,337$682$339$149
50 years$4,394$2,412$1,257$631$308$133

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $4,500,000, adding $2,209 every year, while hoping to spend $45,174 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: 62/9/29 Blend
68$4,500,000$4,500,000$4,500,000$4,500,000
69$4,961,279$4,722,779$4,653,029$5,230,028
70$5,419,264$4,906,130$4,760,840$5,596,460
71$5,922,450$5,096,951$4,870,750$5,991,331
72$6,475,400$5,295,562$4,982,779$6,421,576
73$7,083,139$5,502,293$5,096,951$6,890,669
74$7,751,206$5,717,492$5,213,285$7,402,432
75$8,485,702$5,941,522$5,331,803$7,961,074
76$9,293,348$6,174,761$5,452,524$8,571,229
77$10,181,551$6,417,605$5,575,464$9,237,999
78$11,158,469$6,670,468$5,700,642$9,967,005
79$12,233,092$6,933,781$5,828,073$10,764,433
80$13,415,326$7,207,994$5,957,772$11,637,098
81$14,716,083$7,493,579$6,089,751$12,592,505
82$16,147,387$7,791,028$6,224,021$13,638,919
83$17,722,488$8,100,856$6,360,593$14,785,445
84$19,455,983$8,423,599$6,499,474$16,042,108
85$21,363,957$8,759,820$6,640,671$17,419,954
86$23,464,134$9,110,104$6,784,186$18,931,150
87$25,776,042$9,475,065$6,930,023$20,589,096
88$28,321,199$9,855,345$7,078,180$22,408,555
89$31,123,317$10,251,612$7,228,654$24,405,789
90$34,208,521$10,664,567$7,381,440$26,598,714
91$37,605,601$11,094,941$7,536,529$29,007,067
92$41,346,279$11,543,500$7,693,909$31,652,590
93$45,465,510$12,011,043$7,853,566$34,559,238
94$50,001,814$12,498,405$8,015,482$37,753,402
95$54,997,633$13,006,461$8,179,635$41,264,156
96$60,499,738$13,536,125$8,346,000$45,123,537
97$66,559,667$14,088,350$8,514,546$49,366,837
98$73,234,211$14,664,137$8,685,242$54,032,943
99$80,585,951$15,264,530$8,858,047$59,164,699
100$88,683,846$15,890,620$9,032,919$64,809,314