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%12.4%
1 years$454,185$450,139$446,192$442,340$438,578$434,178
2 years$224,844$220,656$216,598$212,663$208,847$204,415
3 years$148,407$144,201$140,153$136,255$132,501$128,175
4 years$110,196$106,003$101,996$98,164$94,501$90,314
5 years$87,275$83,108$79,153$75,400$71,838$67,803
6 years$72,000$67,864$63,967$60,298$56,843$52,964
7 years$61,093$56,992$53,157$49,574$46,229$42,508
8 years$52,917$48,853$45,081$41,586$38,351$34,788
9 years$46,561$42,535$38,829$35,422$32,297$28,891
10 years$41,479$37,493$33,852$30,534$27,519$24,267
11 years$37,324$33,377$29,802$26,574$23,667$20,567
12 years$33,864$29,958$26,449$23,309$20,509$17,558
13 years$30,938$27,073$23,630$20,578$17,885$15,079
14 years$28,433$24,609$21,232$18,267$15,677$13,013
15 years$26,263$22,480$19,170$16,291$13,804$11,277
16 years$24,367$20,625$17,380$14,587$12,200$9,806
17 years$22,696$18,995$15,815$13,106$10,817$8,552
18 years$21,211$17,552$14,437$11,811$9,618$7,478
19 years$19,885$16,267$13,217$10,673$8,573$6,553
20 years$18,693$15,116$12,130$9,666$7,657$5,752
21 years$17,615$14,080$11,157$8,773$6,853$5,058
22 years$16,637$13,144$10,283$7,976$6,142$4,454
23 years$15,746$12,293$9,494$7,264$5,514$3,927
24 years$14,930$11,518$8,781$6,625$4,956$3,466
25 years$14,180$10,809$8,133$6,051$4,459$3,062
26 years$13,489$10,158$7,543$5,532$4,017$2,707
27 years$12,850$9,560$7,004$5,064$3,622$2,395
28 years$12,258$9,009$6,511$4,640$3,268$2,120
29 years$11,708$8,499$6,059$4,255$2,951$1,878
30 years$11,196$8,026$5,644$3,905$2,666$1,665
31 years$10,717$7,587$5,262$3,586$2,411$1,476
32 years$10,269$7,179$4,909$3,296$2,180$1,309
33 years$9,850$6,799$4,584$3,031$1,973$1,162
34 years$9,456$6,444$4,283$2,789$1,787$1,031
35 years$9,085$6,112$4,004$2,567$1,618$915
36 years$8,735$5,801$3,746$2,364$1,466$813
37 years$8,405$5,510$3,506$2,178$1,329$722
38 years$8,094$5,236$3,283$2,008$1,205$641
39 years$7,799$4,979$3,076$1,851$1,092$570
40 years$7,519$4,737$2,883$1,708$991$506
41 years$7,254$4,509$2,703$1,575$899$450
42 years$7,002$4,294$2,536$1,454$816$400
43 years$6,763$4,092$2,380$1,342$740$356
44 years$6,535$3,900$2,234$1,239$672$316
45 years$6,318$3,719$2,097$1,144$610$281
46 years$6,110$3,548$1,970$1,057$554$250
47 years$5,913$3,386$1,851$977$503$222
48 years$5,724$3,232$1,739$902$457$198
49 years$5,543$3,087$1,635$834$415$176
50 years$5,370$2,949$1,537$771$377$156

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 $4,265 every year, while hoping to spend $37,688 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: 66/27/7 Blend
68$5,500,000$5,500,000$5,500,000$5,500,000
69$6,065,399$5,773,899$5,688,649$6,458,008
70$6,643,970$6,016,721$5,839,119$6,962,163
71$7,280,292$6,270,177$5,993,367$7,508,023
72$7,980,216$6,534,750$6,151,479$8,103,574
73$8,750,189$6,810,943$6,313,544$8,753,652
74$9,597,312$7,099,283$6,479,651$9,463,580
75$10,529,412$7,400,322$6,649,894$10,239,213
76$11,555,111$7,714,637$6,824,364$11,086,992
77$12,683,909$8,042,831$7,003,158$12,014,005
78$13,926,276$8,385,538$7,186,371$13,028,053
79$15,293,745$8,743,418$7,374,104$14,137,719
80$16,799,027$9,117,165$7,566,456$15,352,451
81$18,456,124$9,507,503$7,763,529$16,682,646
82$20,280,469$9,915,191$7,965,427$18,139,752
83$22,289,064$10,341,023$8,172,257$19,736,367
84$24,500,646$10,785,830$8,384,124$21,486,362
85$26,935,859$11,250,483$8,601,140$23,405,006
86$29,617,453$11,735,893$8,823,414$25,509,112
87$32,570,494$12,243,012$9,051,059$27,817,191
88$35,822,605$12,772,841$9,284,191$30,349,623
89$39,404,225$13,326,424$9,522,925$33,128,852
90$43,348,892$13,904,855$9,767,379$36,179,590
91$47,693,567$14,509,281$10,017,674$39,529,053
92$52,478,976$15,140,900$10,273,931$43,207,210
93$57,749,997$15,800,971$10,536,274$47,247,067
94$63,556,085$16,490,806$10,804,827$51,684,976
95$69,951,735$17,211,785$11,079,718$56,560,970
96$76,996,999$17,965,349$11,361,075$61,919,145
97$84,758,050$18,753,009$11,649,029$67,808,068
98$93,307,810$19,576,345$11,943,710$74,281,234
99$102,726,636$20,437,015$12,245,253$81,397,566
100$113,103,077$21,336,753$12,553,793$89,221,971