Can I retire at age 69 with 5,500,000?

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$454,185$450,139$446,192$442,340$438,578$423,185
2 years$224,844$220,656$216,598$212,663$208,847$193,500
3 years$148,407$144,201$140,153$136,255$132,501$117,683
4 years$110,196$106,003$101,996$98,164$94,501$80,325
5 years$87,275$83,108$79,153$75,400$71,838$58,341
6 years$72,000$67,864$63,967$60,298$56,843$44,036
7 years$61,093$56,992$53,157$49,574$46,229$34,108
8 years$52,917$48,853$45,081$41,586$38,351$26,908
9 years$46,561$42,535$38,829$35,422$32,297$21,516
10 years$41,479$37,493$33,852$30,534$27,519$17,382
11 years$37,324$33,377$29,802$26,574$23,667$14,154
12 years$33,864$29,958$26,449$23,309$20,509$11,597
13 years$30,938$27,073$23,630$20,578$17,885$9,550
14 years$28,433$24,609$21,232$18,267$15,677$7,895
15 years$26,263$22,480$19,170$16,291$13,804$6,548
16 years$24,367$20,625$17,380$14,587$12,200$5,446
17 years$22,696$18,995$15,815$13,106$10,817$4,539
18 years$21,211$17,552$14,437$11,811$9,618$3,789
19 years$19,885$16,267$13,217$10,673$8,573$3,169
20 years$18,693$15,116$12,130$9,666$7,657$2,653
21 years$17,615$14,080$11,157$8,773$6,853$2,223
22 years$16,637$13,144$10,283$7,976$6,142$1,865
23 years$15,746$12,293$9,494$7,264$5,514$1,565
24 years$14,930$11,518$8,781$6,625$4,956$1,314
25 years$14,180$10,809$8,133$6,051$4,459$1,104
26 years$13,489$10,158$7,543$5,532$4,017$928
27 years$12,850$9,560$7,004$5,064$3,622$781
28 years$12,258$9,009$6,511$4,640$3,268$657
29 years$11,708$8,499$6,059$4,255$2,951$552
30 years$11,196$8,026$5,644$3,905$2,666$465
31 years$10,717$7,587$5,262$3,586$2,411$391
32 years$10,269$7,179$4,909$3,296$2,180$329
33 years$9,850$6,799$4,584$3,031$1,973$277
34 years$9,456$6,444$4,283$2,789$1,787$234
35 years$9,085$6,112$4,004$2,567$1,618$197
36 years$8,735$5,801$3,746$2,364$1,466$166
37 years$8,405$5,510$3,506$2,178$1,329$139
38 years$8,094$5,236$3,283$2,008$1,205$117
39 years$7,799$4,979$3,076$1,851$1,092$99
40 years$7,519$4,737$2,883$1,708$991$83
41 years$7,254$4,509$2,703$1,575$899$70
42 years$7,002$4,294$2,536$1,454$816$59
43 years$6,763$4,092$2,380$1,342$740$50
44 years$6,535$3,900$2,234$1,239$672$42
45 years$6,318$3,719$2,097$1,144$610$35
46 years$6,110$3,548$1,970$1,057$554$30
47 years$5,913$3,386$1,851$977$503$25
48 years$5,724$3,232$1,739$902$457$21
49 years$5,543$3,087$1,635$834$415$18
50 years$5,370$2,949$1,537$771$377$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $5,500,000, adding $3,006 every year, while hoping to spend $26,311 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: 57/13/30 Blend
68$5,500,000$5,500,000$5,500,000$5,500,000
69$6,064,101$5,772,601$5,687,351$6,359,446
70$6,654,644$6,027,463$5,849,882$6,817,857
71$7,304,541$6,293,933$6,016,977$7,314,295
72$8,019,819$6,572,549$6,188,759$7,854,913
73$8,807,116$6,863,880$6,365,358$8,443,999
74$9,673,749$7,168,518$6,546,906$9,086,271
75$10,627,781$7,487,084$6,733,536$9,786,918
76$11,678,094$7,820,231$6,925,390$10,551,654
77$12,834,478$8,168,640$7,122,608$11,386,764
78$14,107,716$8,533,025$7,325,337$12,299,165
79$15,509,695$8,914,135$7,533,727$13,296,472
80$17,053,510$9,312,754$7,747,933$14,387,065
81$18,753,591$9,729,702$7,968,113$15,580,170
82$20,625,841$10,165,841$8,194,427$16,885,942
83$22,687,780$10,622,071$8,427,044$18,315,563
84$24,958,718$11,099,336$8,666,134$19,881,343
85$27,459,930$11,598,626$8,911,873$21,596,835
86$30,214,861$12,120,977$9,164,439$23,476,963
87$33,249,347$12,667,475$9,424,017$25,538,161
88$36,591,856$13,239,258$9,690,798$27,798,526
89$40,273,760$13,837,516$9,964,975$30,277,985
90$44,329,629$14,463,500$10,246,747$32,998,486
91$48,797,557$15,118,517$10,536,318$35,984,198
92$53,719,522$15,803,938$10,833,899$39,261,743
93$59,141,782$16,521,200$11,139,704$42,860,440
94$65,115,314$17,271,809$11,453,954$46,812,582
95$71,696,289$18,057,341$11,776,875$51,153,739
96$78,946,610$18,879,450$12,108,699$55,923,091
97$86,934,488$19,739,867$12,449,664$61,163,795
98$95,735,092$20,640,407$12,800,014$66,923,391
99$105,431,256$21,582,971$13,160,000$73,254,248
100$116,114,262$22,569,554$13,529,877$80,214,053