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%16.5%
1 years$454,185$450,139$446,192$442,340$438,578$426,936
2 years$224,844$220,656$216,598$212,663$208,847$197,199
3 years$148,407$144,201$140,153$136,255$132,501$121,212
4 years$110,196$106,003$101,996$98,164$94,501$83,657
5 years$87,275$83,108$79,153$75,400$71,838$61,470
6 years$72,000$67,864$63,967$60,298$56,843$46,960
7 years$61,093$56,992$53,157$49,574$46,229$36,832
8 years$52,917$48,853$45,081$41,586$38,351$29,435
9 years$46,561$42,535$38,829$35,422$32,297$23,855
10 years$41,479$37,493$33,852$30,534$27,519$19,539
11 years$37,324$33,377$29,802$26,574$23,667$16,138
12 years$33,864$29,958$26,449$23,309$20,509$13,417
13 years$30,938$27,073$23,630$20,578$17,885$11,214
14 years$28,433$24,609$21,232$18,267$15,677$9,414
15 years$26,263$22,480$19,170$16,291$13,804$7,930
16 years$24,367$20,625$17,380$14,587$12,200$6,700
17 years$22,696$18,995$15,815$13,106$10,817$5,675
18 years$21,211$17,552$14,437$11,811$9,618$4,816
19 years$19,885$16,267$13,217$10,673$8,573$4,094
20 years$18,693$15,116$12,130$9,666$7,657$3,486
21 years$17,615$14,080$11,157$8,773$6,853$2,971
22 years$16,637$13,144$10,283$7,976$6,142$2,535
23 years$15,746$12,293$9,494$7,264$5,514$2,165
24 years$14,930$11,518$8,781$6,625$4,956$1,850
25 years$14,180$10,809$8,133$6,051$4,459$1,583
26 years$13,489$10,158$7,543$5,532$4,017$1,354
27 years$12,850$9,560$7,004$5,064$3,622$1,159
28 years$12,258$9,009$6,511$4,640$3,268$993
29 years$11,708$8,499$6,059$4,255$2,951$850
30 years$11,196$8,026$5,644$3,905$2,666$729
31 years$10,717$7,587$5,262$3,586$2,411$625
32 years$10,269$7,179$4,909$3,296$2,180$535
33 years$9,850$6,799$4,584$3,031$1,973$459
34 years$9,456$6,444$4,283$2,789$1,787$394
35 years$9,085$6,112$4,004$2,567$1,618$338
36 years$8,735$5,801$3,746$2,364$1,466$290
37 years$8,405$5,510$3,506$2,178$1,329$248
38 years$8,094$5,236$3,283$2,008$1,205$213
39 years$7,799$4,979$3,076$1,851$1,092$183
40 years$7,519$4,737$2,883$1,708$991$157
41 years$7,254$4,509$2,703$1,575$899$135
42 years$7,002$4,294$2,536$1,454$816$116
43 years$6,763$4,092$2,380$1,342$740$99
44 years$6,535$3,900$2,234$1,239$672$85
45 years$6,318$3,719$2,097$1,144$610$73
46 years$6,110$3,548$1,970$1,057$554$63
47 years$5,913$3,386$1,851$977$503$54
48 years$5,724$3,232$1,739$902$457$46
49 years$5,543$3,087$1,635$834$415$40
50 years$5,370$2,949$1,537$771$377$34

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 $6,799 every year, while hoping to spend $21,872 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: 78/12/10 Blend
68$5,500,000$5,500,000$5,500,000$5,500,000
69$6,068,013$5,776,513$5,691,263$6,530,538
70$6,663,679$6,036,291$5,858,649$7,095,238
71$7,319,369$6,308,064$6,030,909$7,710,922
72$8,041,184$6,592,399$6,208,183$8,385,546
73$8,835,844$6,889,885$6,390,617$9,124,975
74$9,710,755$7,201,144$6,578,357$9,935,669
75$10,674,077$7,526,825$6,771,557$10,824,739
76$11,734,801$7,867,608$6,970,373$11,800,017
77$12,902,837$8,224,207$7,174,966$12,870,126
78$14,189,101$8,597,368$7,385,502$14,044,560
79$15,605,625$8,987,875$7,602,152$15,333,779
80$17,165,665$9,396,547$7,825,091$16,749,297
81$18,883,830$9,824,244$8,054,498$18,303,799
82$20,776,216$10,271,868$8,290,559$20,011,254
83$22,860,562$10,740,362$8,533,465$21,887,048
84$25,156,415$11,230,714$8,783,411$23,948,126
85$27,685,313$11,743,963$9,040,599$26,213,153
86$30,470,991$12,281,193$9,305,235$28,702,691
87$33,539,604$12,843,544$9,577,533$31,439,386
88$36,919,973$13,432,207$9,857,710$34,448,184
89$40,643,860$14,048,435$10,145,993$37,756,566
90$44,746,261$14,693,535$10,442,611$41,394,804
91$49,265,744$15,368,883$10,747,803$45,396,246
92$54,244,808$16,075,917$11,061,813$49,797,630
93$59,730,287$16,816,145$11,384,891$54,639,427
94$65,773,788$17,591,148$11,717,297$59,966,223
95$72,432,184$18,402,583$12,059,296$65,827,140
96$79,768,144$19,252,187$12,411,160$72,276,292
97$87,850,730$20,141,780$12,773,169$79,373,301
98$96,756,046$21,073,269$13,145,612$87,183,853
99$106,567,957$22,048,654$13,528,785$95,780,317
100$117,378,882$23,070,031$13,922,992$105,242,428