Can I retire at age 69 with 5,000,000?

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 $5,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$412,895$409,217$405,629$402,127$398,707$387,967
2 years$204,404$200,597$196,907$193,330$189,860$179,117
3 years$134,915$131,092$127,412$123,869$120,455$110,044
4 years$100,178$96,367$92,723$89,240$85,910$75,911
5 years$79,341$75,553$71,957$68,545$65,307$55,749
6 years$65,455$61,694$58,152$54,816$51,675$42,566
7 years$55,539$51,811$48,325$45,067$42,026$33,367
8 years$48,106$44,411$40,983$37,806$34,865$26,651
9 years$42,328$38,668$35,299$32,202$29,361$21,585
10 years$37,708$34,084$30,774$27,759$25,017$17,669
11 years$33,931$30,343$27,093$24,158$21,515$14,584
12 years$30,785$27,234$24,044$21,190$18,645$12,117
13 years$28,126$24,612$21,482$18,708$16,259$10,121
14 years$25,848$22,371$19,302$16,607$14,252$8,490
15 years$23,876$20,437$17,427$14,810$12,549$7,147
16 years$22,152$18,750$15,800$13,261$11,091$6,034
17 years$20,632$17,268$14,377$11,915$9,834$5,107
18 years$19,283$15,957$13,125$10,738$8,744$4,331
19 years$18,077$14,789$12,015$9,702$7,793$3,679
20 years$16,993$13,742$11,027$8,787$6,961$3,130
21 years$16,014$12,800$10,143$7,975$6,230$2,666
22 years$15,125$11,949$9,348$7,251$5,584$2,273
23 years$14,314$11,175$8,631$6,604$5,012$1,940
24 years$13,572$10,471$7,982$6,023$4,505$1,656
25 years$12,891$9,826$7,393$5,501$4,054$1,415
26 years$12,263$9,235$6,857$5,029$3,652$1,210
27 years$11,682$8,691$6,367$4,604$3,292$1,035
28 years$11,144$8,190$5,919$4,218$2,971$886
29 years$10,644$7,726$5,508$3,868$2,683$758
30 years$10,178$7,296$5,131$3,550$2,424$649
31 years$9,743$6,898$4,783$3,260$2,191$556
32 years$9,336$6,526$4,463$2,996$1,982$476
33 years$8,954$6,181$4,167$2,755$1,794$408
34 years$8,596$5,858$3,893$2,535$1,624$350
35 years$8,259$5,556$3,640$2,334$1,471$300
36 years$7,941$5,274$3,405$2,149$1,333$257
37 years$7,641$5,009$3,187$1,980$1,208$220
38 years$7,358$4,760$2,985$1,825$1,095$189
39 years$7,090$4,526$2,796$1,683$993$162
40 years$6,836$4,306$2,621$1,552$901$139
41 years$6,595$4,099$2,458$1,432$817$119
42 years$6,366$3,904$2,305$1,322$742$102
43 years$6,148$3,720$2,163$1,220$673$87
44 years$5,941$3,546$2,031$1,127$611$75
45 years$5,743$3,381$1,907$1,040$555$64
46 years$5,555$3,225$1,791$961$504$55
47 years$5,375$3,078$1,682$888$457$47
48 years$5,203$2,938$1,581$820$415$41
49 years$5,039$2,806$1,486$758$377$35
50 years$4,882$2,680$1,397$701$343$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $5,000,000, adding $3,459 every year, while hoping to spend $20,012 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: 80/13/7 Blend
68$5,000,000$5,000,000$5,000,000$5,000,000
69$5,513,568$5,248,568$5,171,068$5,950,287
70$6,054,659$5,484,455$5,323,006$6,472,719
71$6,650,271$5,731,230$5,479,363$7,042,835
72$7,305,944$5,989,405$5,640,267$7,667,786
73$8,027,781$6,259,517$5,805,847$8,353,037
74$8,822,510$6,542,129$5,976,238$9,104,603
75$9,697,542$6,837,829$6,151,578$9,929,109
76$10,661,043$7,147,235$6,332,008$10,833,850
77$11,722,014$7,470,994$6,517,675$11,826,858
78$12,890,371$7,809,784$6,708,729$12,916,979
79$14,177,041$8,164,315$6,905,323$14,113,955
80$15,594,064$8,535,332$7,107,616$15,428,513
81$17,154,709$8,923,613$7,315,772$16,872,469
82$18,873,596$9,329,977$7,529,957$18,458,836
83$20,766,837$9,755,280$7,750,344$20,201,948
84$22,852,185$10,200,419$7,977,111$22,117,590
85$25,149,202$10,666,334$8,210,439$24,223,151
86$27,679,447$11,154,011$8,450,515$26,537,785
87$30,466,676$11,664,483$8,697,533$29,082,588
88$33,537,066$12,198,831$8,951,689$31,880,802
89$36,919,463$12,758,191$9,213,187$34,958,028
90$40,645,656$13,343,749$9,482,236$38,342,465
91$44,750,673$13,956,753$9,759,051$42,065,183
92$49,273,115$14,598,508$10,043,853$46,160,404
93$54,255,520$15,270,382$10,336,869$50,665,834
94$59,744,761$15,973,809$10,638,332$55,623,008
95$65,792,493$16,710,292$10,948,483$61,077,688
96$72,455,637$17,481,406$11,267,567$67,080,288
97$79,796,919$18,288,802$11,595,838$73,686,352
98$87,885,463$19,134,211$11,933,556$80,957,073
99$96,797,440$20,019,447$12,280,990$88,959,871
100$106,616,790$20,946,411$12,638,414$97,769,026