Can I retire at age 69 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$388,122$384,664$381,291$377,999$374,785$367,819
2 years$192,139$188,561$185,093$181,730$178,469$171,478
3 years$126,821$123,227$119,767$116,436$113,228$106,428
4 years$94,168$90,585$87,160$83,886$80,755$74,200
5 years$74,581$71,019$67,640$64,432$61,389$55,096
6 years$61,527$57,993$54,663$51,527$48,575$42,552
7 years$52,207$48,702$45,425$42,363$39,504$33,753
8 years$45,220$41,747$38,524$35,538$32,773$27,292
9 years$39,788$36,348$33,181$30,270$27,599$22,385
10 years$35,446$32,039$28,928$26,093$23,516$18,563
11 years$31,895$28,522$25,468$22,709$20,225$15,528
12 years$28,938$25,600$22,602$19,919$17,526$13,079
13 years$26,438$23,135$20,193$17,585$15,283$11,079
14 years$24,297$21,029$18,144$15,610$13,397$9,428
15 years$22,443$19,211$16,381$13,922$11,796$8,054
16 years$20,823$17,625$14,852$12,465$10,425$6,902
17 years$19,394$16,232$13,515$11,200$9,244$5,931
18 years$18,126$14,999$12,337$10,093$8,219$5,108
19 years$16,993$13,901$11,294$9,120$7,326$4,407
20 years$15,974$12,918$10,365$8,260$6,544$3,809
21 years$15,053$12,032$9,534$7,497$5,856$3,297
22 years$14,217$11,232$8,787$6,816$5,249$2,857
23 years$13,455$10,505$8,113$6,208$4,712$2,479
24 years$12,758$9,842$7,503$5,662$4,235$2,152
25 years$12,117$9,237$6,950$5,171$3,811$1,870
26 years$11,527$8,681$6,445$4,728$3,433$1,626
27 years$10,981$8,170$5,985$4,327$3,095$1,415
28 years$10,475$7,698$5,564$3,965$2,793$1,231
29 years$10,005$7,262$5,178$3,636$2,522$1,072
30 years$9,567$6,859$4,823$3,337$2,278$934
31 years$9,158$6,484$4,496$3,065$2,060$814
32 years$8,776$6,135$4,195$2,816$1,863$710
33 years$8,417$5,810$3,917$2,590$1,686$619
34 years$8,080$5,506$3,660$2,383$1,527$539
35 years$7,763$5,223$3,422$2,194$1,383$471
36 years$7,465$4,957$3,201$2,020$1,253$411
37 years$7,183$4,708$2,996$1,861$1,136$358
38 years$6,917$4,474$2,806$1,716$1,030$313
39 years$6,664$4,255$2,629$1,582$934$273
40 years$6,426$4,048$2,464$1,459$847$238
41 years$6,199$3,853$2,310$1,346$768$208
42 years$5,984$3,670$2,167$1,242$697$181
43 years$5,779$3,497$2,033$1,147$633$158
44 years$5,584$3,333$1,909$1,059$574$138
45 years$5,399$3,178$1,792$978$521$121
46 years$5,222$3,032$1,683$903$473$105
47 years$5,053$2,893$1,581$835$430$92
48 years$4,891$2,762$1,486$771$390$80
49 years$4,737$2,638$1,397$713$355$70
50 years$4,589$2,520$1,313$659$322$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $4,700,000, adding $6,562 every year, while hoping to spend $35,198 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: 47/48/5 Blend
68$4,700,000$4,700,000$4,700,000$4,700,000
69$5,186,169$4,937,069$4,864,219$5,422,901
70$5,677,708$5,141,535$4,989,720$5,790,160
71$6,218,204$5,354,840$5,118,245$6,184,236
72$6,812,613$5,577,380$5,249,859$6,611,048
73$7,466,398$5,809,570$5,384,628$7,073,637
74$8,185,574$6,051,842$5,522,616$7,575,341
75$8,976,770$6,304,649$5,663,891$8,119,825
76$9,847,290$6,568,467$5,808,522$8,711,115
77$10,805,183$6,843,791$5,956,576$9,353,632
78$11,859,315$7,131,141$6,108,125$10,052,233
79$13,019,457$7,431,058$6,263,239$10,812,258
80$14,296,374$7,744,112$6,421,989$11,639,570
81$15,701,927$8,070,897$6,584,449$12,540,618
82$17,249,188$8,412,035$6,750,692$13,522,488
83$18,952,557$8,768,177$6,920,793$14,592,971
84$20,827,905$9,140,005$7,094,826$15,760,634
85$22,892,717$9,528,231$7,272,869$17,034,896
86$25,166,262$9,933,601$7,454,997$18,426,116
87$27,669,770$10,356,898$7,641,290$19,945,690
88$30,426,638$10,798,937$7,831,824$21,606,150
89$33,462,644$11,260,574$8,026,679$23,421,282
90$36,806,197$11,742,705$8,225,936$25,406,257
91$40,488,598$12,246,267$8,429,674$27,577,762
92$44,544,342$12,772,240$8,637,975$29,954,161
93$49,011,438$13,321,653$8,850,920$32,555,663
94$53,931,769$13,895,579$9,068,591$35,404,508
95$59,351,492$14,495,144$9,291,070$38,525,170
96$65,321,464$15,121,527$9,518,441$41,944,590
97$71,897,732$15,775,960$9,750,787$45,692,422
98$79,142,053$16,459,734$9,988,192$49,801,307
99$87,122,484$17,174,203$10,230,737$54,307,180
100$95,914,019$17,920,780$10,478,509$59,249,600