Can I retire at age 69 with 4,600,000?

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 $4,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$379,864$376,480$373,179$369,957$366,810$362,829
2 years$188,051$184,549$181,155$177,864$174,672$170,663
3 years$124,122$120,605$117,219$113,959$110,819$106,907
4 years$92,164$88,657$85,306$82,101$79,037$75,252
5 years$72,994$69,508$66,201$63,062$60,083$56,436
6 years$60,218$56,759$53,500$50,431$47,541$44,038
7 years$51,096$47,666$44,459$41,462$38,664$35,304
8 years$44,258$40,859$37,704$34,781$32,075$28,860
9 years$38,942$35,575$32,475$29,626$27,012$23,939
10 years$34,692$31,357$28,312$25,538$23,016$20,084
11 years$31,216$27,916$24,926$22,226$19,794$17,001
12 years$28,322$25,056$22,121$19,495$17,153$14,495
13 years$25,876$22,643$19,764$17,211$14,958$12,432
14 years$23,780$20,582$17,758$15,278$13,112$10,715
15 years$21,966$18,802$16,033$13,625$11,545$9,273
16 years$20,380$17,250$14,536$12,200$10,203$8,052
17 years$18,982$15,887$13,227$10,962$9,047$7,013
18 years$17,740$14,680$12,075$9,879$8,044$6,123
19 years$16,631$13,605$11,054$8,926$7,170$5,358
20 years$15,634$12,643$10,145$8,084$6,404$4,696
21 years$14,733$11,776$9,331$7,337$5,731$4,124
22 years$13,915$10,993$8,600$6,671$5,137$3,626
23 years$13,169$10,281$7,941$6,075$4,611$3,192
24 years$12,487$9,633$7,344$5,541$4,145$2,812
25 years$11,860$9,040$6,802$5,061$3,730$2,481
26 years$11,282$8,496$6,308$4,627$3,360$2,190
27 years$10,748$7,996$5,858$4,235$3,029$1,934
28 years$10,252$7,534$5,446$3,880$2,733$1,710
29 years$9,792$7,108$5,068$3,558$2,468$1,512
30 years$9,364$6,713$4,720$3,266$2,230$1,338
31 years$8,963$6,346$4,401$2,999$2,016$1,184
32 years$8,589$6,004$4,106$2,756$1,824$1,049
33 years$8,238$5,686$3,834$2,535$1,650$929
34 years$7,908$5,389$3,582$2,332$1,494$823
35 years$7,598$5,112$3,349$2,147$1,353$730
36 years$7,306$4,852$3,133$1,977$1,226$647
37 years$7,030$4,608$2,932$1,822$1,111$574
38 years$6,769$4,379$2,746$1,679$1,008$509
39 years$6,523$4,164$2,573$1,548$914$451
40 years$6,289$3,962$2,411$1,428$829$400
41 years$6,067$3,771$2,261$1,318$752$355
42 years$5,856$3,592$2,121$1,216$682$315
43 years$5,656$3,422$1,990$1,122$619$280
44 years$5,465$3,262$1,868$1,036$562$248
45 years$5,284$3,111$1,754$957$510$220
46 years$5,110$2,967$1,648$884$463$196
47 years$4,945$2,832$1,548$817$421$174
48 years$4,787$2,703$1,455$755$382$154
49 years$4,636$2,582$1,367$698$347$137
50 years$4,491$2,466$1,285$645$315$121

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $4,600,000, adding $3,623 every year, while hoping to spend $46,550 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: 33/47/20 Blend
68$4,600,000$4,600,000$4,600,000$4,600,000
69$5,072,937$4,829,137$4,757,837$5,208,942
70$5,540,848$5,016,236$4,867,696$5,497,432
71$6,054,925$5,210,943$4,979,675$5,803,622
72$6,619,829$5,413,580$5,093,795$6,132,653
73$7,240,694$5,624,488$5,210,079$6,486,561
74$7,923,174$5,844,017$5,328,546$6,867,582
75$8,673,501$6,072,537$5,449,216$7,278,167
76$9,498,539$6,310,433$5,572,106$7,721,007
77$10,405,852$6,558,106$5,697,234$8,199,054
78$11,403,773$6,815,977$5,824,615$8,715,549
79$12,501,482$7,084,484$5,954,263$9,274,049
80$13,709,095$7,364,085$6,086,193$9,878,462
81$15,037,757$7,655,259$6,220,414$10,533,079
82$16,499,747$7,958,507$6,356,938$11,242,615
83$18,108,598$8,274,350$6,495,771$12,012,250
84$19,879,216$8,603,334$6,636,921$12,847,676
85$21,828,029$8,946,030$6,780,391$13,755,148
86$23,973,136$9,303,034$6,926,182$14,741,544
87$26,334,482$9,674,969$7,074,295$15,814,424
88$28,934,042$10,062,485$7,224,727$16,982,098
89$31,796,030$10,466,263$7,377,471$18,253,709
90$34,947,129$10,887,013$7,532,520$19,639,307
91$38,416,738$11,325,479$7,689,862$21,149,948
92$42,237,256$11,782,438$7,849,482$22,797,795
93$46,444,379$12,258,701$8,011,363$24,596,226
94$51,077,445$12,755,116$8,175,484$26,559,960
95$56,179,800$13,272,572$8,341,818$28,705,193
96$61,799,207$13,811,996$8,510,336$31,049,747
97$67,988,300$14,374,357$8,681,006$33,613,232
98$74,805,075$14,960,670$8,853,788$36,417,233
99$82,313,444$15,571,993$9,028,641$39,485,505
100$90,583,831$16,209,437$9,205,516$42,844,195