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%14.5%
1 years$412,895$409,217$405,629$402,127$398,707$391,297
2 years$204,404$200,597$196,907$193,330$189,860$182,423
3 years$134,915$131,092$127,412$123,869$120,455$113,222
4 years$100,178$96,367$92,723$89,240$85,910$78,936
5 years$79,341$75,553$71,957$68,545$65,307$58,613
6 years$65,455$61,694$58,152$54,816$51,675$45,268
7 years$55,539$51,811$48,325$45,067$42,026$35,908
8 years$48,106$44,411$40,983$37,806$34,865$29,034
9 years$42,328$38,668$35,299$32,202$29,361$23,814
10 years$37,708$34,084$30,774$27,759$25,017$19,748
11 years$33,931$30,343$27,093$24,158$21,515$16,519
12 years$30,785$27,234$24,044$21,190$18,645$13,914
13 years$28,126$24,612$21,482$18,708$16,259$11,786
14 years$25,848$22,371$19,302$16,607$14,252$10,030
15 years$23,876$20,437$17,427$14,810$12,549$8,568
16 years$22,152$18,750$15,800$13,261$11,091$7,342
17 years$20,632$17,268$14,377$11,915$9,834$6,309
18 years$19,283$15,957$13,125$10,738$8,744$5,434
19 years$18,077$14,789$12,015$9,702$7,793$4,689
20 years$16,993$13,742$11,027$8,787$6,961$4,053
21 years$16,014$12,800$10,143$7,975$6,230$3,508
22 years$15,125$11,949$9,348$7,251$5,584$3,040
23 years$14,314$11,175$8,631$6,604$5,012$2,637
24 years$13,572$10,471$7,982$6,023$4,505$2,289
25 years$12,891$9,826$7,393$5,501$4,054$1,989
26 years$12,263$9,235$6,857$5,029$3,652$1,730
27 years$11,682$8,691$6,367$4,604$3,292$1,505
28 years$11,144$8,190$5,919$4,218$2,971$1,310
29 years$10,644$7,726$5,508$3,868$2,683$1,141
30 years$10,178$7,296$5,131$3,550$2,424$994
31 years$9,743$6,898$4,783$3,260$2,191$866
32 years$9,336$6,526$4,463$2,996$1,982$755
33 years$8,954$6,181$4,167$2,755$1,794$658
34 years$8,596$5,858$3,893$2,535$1,624$574
35 years$8,259$5,556$3,640$2,334$1,471$501
36 years$7,941$5,274$3,405$2,149$1,333$437
37 years$7,641$5,009$3,187$1,980$1,208$381
38 years$7,358$4,760$2,985$1,825$1,095$333
39 years$7,090$4,526$2,796$1,683$993$290
40 years$6,836$4,306$2,621$1,552$901$253
41 years$6,595$4,099$2,458$1,432$817$221
42 years$6,366$3,904$2,305$1,322$742$193
43 years$6,148$3,720$2,163$1,220$673$168
44 years$5,941$3,546$2,031$1,127$611$147
45 years$5,743$3,381$1,907$1,040$555$128
46 years$5,555$3,225$1,791$961$504$112
47 years$5,375$3,078$1,682$888$457$98
48 years$5,203$2,938$1,581$820$415$85
49 years$5,039$2,806$1,486$758$377$75
50 years$4,882$2,680$1,397$701$343$65

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 $6,017 every year, while hoping to spend $24,125 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: 39/41/20 Blend
68$5,000,000$5,000,000$5,000,000$5,000,000
69$5,516,207$5,251,207$5,173,707$5,698,239
70$6,053,191$5,482,847$5,321,357$6,061,291
71$6,644,139$5,725,029$5,473,145$6,450,857
72$7,294,530$5,978,244$5,629,184$6,871,596
73$8,010,400$6,243,006$5,789,590$7,326,348
74$8,798,402$6,519,854$5,954,482$7,818,227
75$9,665,864$6,809,353$6,123,983$8,350,652
76$10,620,863$7,112,092$6,298,217$8,927,374
77$11,672,299$7,428,692$6,477,315$9,552,511
78$12,829,976$7,759,801$6,661,408$10,230,583
79$14,104,700$8,106,098$6,850,631$10,966,554
80$15,508,377$8,468,294$7,045,125$11,765,876
81$17,054,127$8,847,135$7,245,032$12,634,539
82$18,756,405$9,243,403$7,450,498$13,579,120
83$20,631,143$9,657,914$7,661,674$14,606,850
84$22,695,894$10,091,526$7,878,715$15,725,674
85$24,970,002$10,545,137$8,101,778$16,944,324
86$27,474,781$11,019,688$8,331,026$18,272,399
87$30,233,719$11,516,163$8,566,626$19,720,451
88$33,272,699$12,035,596$8,808,749$21,300,085
89$36,620,242$12,579,068$9,057,570$23,024,059
90$40,307,777$13,147,712$9,313,269$24,906,406
91$44,369,937$13,742,717$9,576,030$26,962,559
92$48,844,886$14,365,326$9,846,043$29,209,496
93$53,774,680$15,016,843$10,123,501$31,665,891
94$59,205,664$15,698,634$10,408,604$34,352,291
95$65,188,905$16,412,131$10,701,557$37,291,303
96$71,780,682$17,158,833$11,002,567$40,507,802
97$79,043,009$17,940,313$11,311,850$44,029,161
98$87,044,225$18,758,218$11,629,626$47,885,505
99$95,859,638$19,614,273$11,956,121$52,109,988
100$105,572,236$20,510,287$12,291,566$56,739,104