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

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 $4,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$379,864$376,480$373,179$369,957$366,810$355,781
2 years$188,051$184,549$181,155$177,864$174,672$163,653
3 years$124,122$120,605$117,219$113,959$110,819$100,156
4 years$92,164$88,657$85,306$82,101$79,037$68,812
5 years$72,994$69,508$66,201$63,062$60,083$50,323
6 years$60,218$56,759$53,500$50,431$47,541$38,255
7 years$51,096$47,666$44,459$41,462$38,664$29,851
8 years$44,258$40,859$37,704$34,781$32,075$23,731
9 years$38,942$35,575$32,475$29,626$27,012$19,127
10 years$34,692$31,357$28,312$25,538$23,016$15,579
11 years$31,216$27,916$24,926$22,226$19,794$12,793
12 years$28,322$25,056$22,121$19,495$17,153$10,573
13 years$25,876$22,643$19,764$17,211$14,958$8,784
14 years$23,780$20,582$17,758$15,278$13,112$7,328
15 years$21,966$18,802$16,033$13,625$11,545$6,134
16 years$20,380$17,250$14,536$12,200$10,203$5,149
17 years$18,982$15,887$13,227$10,962$9,047$4,333
18 years$17,740$14,680$12,075$9,879$8,044$3,653
19 years$16,631$13,605$11,054$8,926$7,170$3,084
20 years$15,634$12,643$10,145$8,084$6,404$2,608
21 years$14,733$11,776$9,331$7,337$5,731$2,208
22 years$13,915$10,993$8,600$6,671$5,137$1,871
23 years$13,169$10,281$7,941$6,075$4,611$1,586
24 years$12,487$9,633$7,344$5,541$4,145$1,346
25 years$11,860$9,040$6,802$5,061$3,730$1,143
26 years$11,282$8,496$6,308$4,627$3,360$971
27 years$10,748$7,996$5,858$4,235$3,029$825
28 years$10,252$7,534$5,446$3,880$2,733$701
29 years$9,792$7,108$5,068$3,558$2,468$596
30 years$9,364$6,713$4,720$3,266$2,230$507
31 years$8,963$6,346$4,401$2,999$2,016$432
32 years$8,589$6,004$4,106$2,756$1,824$367
33 years$8,238$5,686$3,834$2,535$1,650$313
34 years$7,908$5,389$3,582$2,332$1,494$266
35 years$7,598$5,112$3,349$2,147$1,353$226
36 years$7,306$4,852$3,133$1,977$1,226$193
37 years$7,030$4,608$2,932$1,822$1,111$164
38 years$6,769$4,379$2,746$1,679$1,008$140
39 years$6,523$4,164$2,573$1,548$914$119
40 years$6,289$3,962$2,411$1,428$829$101
41 years$6,067$3,771$2,261$1,318$752$86
42 years$5,856$3,592$2,121$1,216$682$73
43 years$5,656$3,422$1,990$1,122$619$63
44 years$5,465$3,262$1,868$1,036$562$53
45 years$5,284$3,111$1,754$957$510$45
46 years$5,110$2,967$1,648$884$463$39
47 years$4,945$2,832$1,548$817$421$33
48 years$4,787$2,703$1,455$755$382$28
49 years$4,636$2,582$1,367$698$347$24
50 years$4,491$2,466$1,285$645$315$20

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 $6,832 every year, while hoping to spend $26,278 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: 74/13/13 Blend
68$4,600,000$4,600,000$4,600,000$4,600,000
69$5,076,247$4,832,447$4,761,147$5,437,655
70$5,566,065$5,041,278$4,892,686$5,886,261
71$6,104,963$5,259,460$5,027,751$6,373,697
72$6,697,921$5,487,425$5,166,432$6,907,041
73$7,350,423$5,725,622$5,308,821$7,490,838
74$8,068,513$5,974,526$5,455,014$8,130,094
75$8,858,852$6,234,628$5,605,108$8,830,322
76$9,728,777$6,506,447$5,759,201$9,597,588
77$10,686,373$6,790,524$5,917,395$10,438,574
78$11,740,550$7,087,426$6,079,795$11,360,636
79$12,901,125$7,397,748$6,246,506$12,371,876
80$14,178,913$7,722,112$6,417,638$13,481,213
81$15,585,835$8,061,168$6,593,302$14,698,472
82$17,135,024$8,415,599$6,773,611$16,034,471
83$18,840,953$8,786,120$6,958,683$17,501,125
84$20,719,569$9,173,478$7,148,637$19,111,557
85$22,788,443$9,578,457$7,343,595$20,880,220
86$25,066,940$10,001,877$7,543,682$22,823,035
87$27,576,398$10,444,599$7,749,025$24,957,535
88$30,340,328$10,907,522$7,959,754$27,303,034
89$33,384,639$11,391,588$8,176,004$29,880,809
90$36,737,883$11,897,787$8,397,911$32,714,293
91$40,431,520$12,427,151$8,625,614$35,829,304
92$44,500,219$12,980,765$8,859,256$39,254,279
93$48,982,182$13,559,764$9,098,982$43,020,547
94$53,919,509$14,165,336$9,344,942$47,162,621
95$59,358,588$14,798,727$9,597,287$51,718,521
96$65,350,542$15,461,242$9,856,173$56,730,134
97$71,951,702$16,154,248$10,121,760$62,243,606
98$79,224,145$16,879,176$10,394,209$68,309,777
99$87,236,279$17,637,527$10,673,686$74,984,659
100$96,063,486$18,430,872$10,960,361$82,329,961