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

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 $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%15.2%
1 years$412,895$409,217$405,629$402,127$398,707$390,178
2 years$204,404$200,597$196,907$193,330$189,860$181,310
3 years$134,915$131,092$127,412$123,869$120,455$112,149
4 years$100,178$96,367$92,723$89,240$85,910$77,912
5 years$79,341$75,553$71,957$68,545$65,307$57,641
6 years$65,455$61,694$58,152$54,816$51,675$44,348
7 years$55,539$51,811$48,325$45,067$42,026$35,040
8 years$48,106$44,411$40,983$37,806$34,865$28,217
9 years$42,328$38,668$35,299$32,202$29,361$23,047
10 years$37,708$34,084$30,774$27,759$25,017$19,030
11 years$33,931$30,343$27,093$24,158$21,515$15,848
12 years$30,785$27,234$24,044$21,190$18,645$13,289
13 years$28,126$24,612$21,482$18,708$16,259$11,204
14 years$25,848$22,371$19,302$16,607$14,252$9,489
15 years$23,876$20,437$17,427$14,810$12,549$8,067
16 years$22,152$18,750$15,800$13,261$11,091$6,879
17 years$20,632$17,268$14,377$11,915$9,834$5,881
18 years$19,283$15,957$13,125$10,738$8,744$5,039
19 years$18,077$14,789$12,015$9,702$7,793$4,326
20 years$16,993$13,742$11,027$8,787$6,961$3,719
21 years$16,014$12,800$10,143$7,975$6,230$3,202
22 years$15,125$11,949$9,348$7,251$5,584$2,760
23 years$14,314$11,175$8,631$6,604$5,012$2,381
24 years$13,572$10,471$7,982$6,023$4,505$2,056
25 years$12,891$9,826$7,393$5,501$4,054$1,777
26 years$12,263$9,235$6,857$5,029$3,652$1,536
27 years$11,682$8,691$6,367$4,604$3,292$1,329
28 years$11,144$8,190$5,919$4,218$2,971$1,150
29 years$10,644$7,726$5,508$3,868$2,683$996
30 years$10,178$7,296$5,131$3,550$2,424$863
31 years$9,743$6,898$4,783$3,260$2,191$747
32 years$9,336$6,526$4,463$2,996$1,982$648
33 years$8,954$6,181$4,167$2,755$1,794$561
34 years$8,596$5,858$3,893$2,535$1,624$487
35 years$8,259$5,556$3,640$2,334$1,471$422
36 years$7,941$5,274$3,405$2,149$1,333$366
37 years$7,641$5,009$3,187$1,980$1,208$317
38 years$7,358$4,760$2,985$1,825$1,095$275
39 years$7,090$4,526$2,796$1,683$993$239
40 years$6,836$4,306$2,621$1,552$901$207
41 years$6,595$4,099$2,458$1,432$817$180
42 years$6,366$3,904$2,305$1,322$742$156
43 years$6,148$3,720$2,163$1,220$673$135
44 years$5,941$3,546$2,031$1,127$611$118
45 years$5,743$3,381$1,907$1,040$555$102
46 years$5,555$3,225$1,791$961$504$88
47 years$5,375$3,078$1,682$888$457$77
48 years$5,203$2,938$1,581$820$415$67
49 years$5,039$2,806$1,486$758$377$58
50 years$4,882$2,680$1,397$701$343$50

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 $4,904 every year, while hoping to spend $21,711 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: 75/11/14 Blend
68$5,000,000$5,000,000$5,000,000$5,000,000
69$5,515,058$5,250,058$5,172,558$5,911,980
70$6,054,494$5,484,211$5,322,739$6,409,010
71$6,648,225$5,729,109$5,477,223$6,950,402
72$7,301,765$5,985,257$5,636,131$7,543,167
73$8,021,192$6,253,182$5,799,589$8,192,407
74$8,813,202$6,533,436$5,967,723$8,903,739
75$9,685,174$6,826,600$6,140,667$9,683,346
76$10,645,236$7,133,278$6,318,554$10,538,038
77$11,702,349$7,454,107$6,501,525$11,475,312
78$12,866,383$7,789,753$6,689,720$12,503,424
79$14,148,216$8,140,913$6,883,288$13,631,468
80$15,559,834$8,508,318$7,082,378$14,869,454
81$17,114,445$8,892,733$7,287,145$16,228,412
82$18,826,603$9,294,961$7,497,749$17,720,484
83$20,712,345$9,715,843$7,714,352$19,359,047
84$22,789,344$10,156,259$7,937,122$21,158,833
85$25,077,073$10,617,131$8,166,232$23,136,068
86$27,596,992$11,099,428$8,401,858$25,308,627
87$30,372,747$11,604,163$8,644,183$27,696,195
88$33,430,397$12,132,396$8,893,392$30,320,460
89$36,798,655$12,685,241$9,149,679$33,205,311
90$40,509,164$13,263,864$9,413,239$36,377,062
91$44,596,792$13,869,486$9,684,276$39,864,702
92$49,099,962$14,503,389$9,962,996$43,700,167
93$54,061,016$15,166,912$10,249,614$47,918,638
94$59,526,612$15,861,464$10,544,349$52,558,871
95$65,548,168$16,588,517$10,847,426$57,663,566
96$72,182,342$17,349,615$11,159,076$63,279,764
97$79,491,572$18,146,377$11,479,536$69,459,289
98$87,544,662$18,980,500$11,809,050$76,259,241
99$96,417,434$19,853,760$12,147,869$83,742,526
100$106,193,439$20,768,022$12,496,250$91,978,453