Can I retire at age 69 with 5,600,000?

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$462,443$458,324$454,305$450,382$446,552$434,348
2 years$228,932$224,668$220,536$216,530$212,644$200,437
3 years$151,105$146,823$142,702$138,733$134,910$123,083
4 years$112,200$107,931$103,850$99,949$96,219$84,863
5 years$88,862$84,619$80,592$76,771$73,144$62,290
6 years$73,309$69,098$65,130$61,394$57,876$47,535
7 years$62,204$58,028$54,124$50,475$47,069$37,240
8 years$53,879$49,741$45,901$42,343$39,048$29,727
9 years$47,408$43,308$39,535$36,066$32,884$24,062
10 years$42,233$38,174$34,467$31,090$28,019$19,684
11 years$38,003$33,984$30,344$27,057$24,097$16,237
12 years$34,480$30,502$26,930$23,733$20,882$13,481
13 years$31,501$27,565$24,060$20,953$18,210$11,253
14 years$28,950$25,056$21,618$18,599$15,963$9,433
15 years$26,741$22,889$19,518$16,587$14,055$7,936
16 years$24,810$21,000$17,696$14,852$12,422$6,695
17 years$23,108$19,341$16,103$13,345$11,014$5,662
18 years$21,597$17,872$14,700$12,026$9,793$4,798
19 years$20,247$16,563$13,457$10,867$8,729$4,073
20 years$19,033$15,391$12,350$9,842$7,797$3,462
21 years$17,936$14,336$11,360$8,932$6,977$2,947
22 years$16,940$13,383$10,470$8,121$6,254$2,511
23 years$16,032$12,516$9,667$7,396$5,614$2,141
24 years$15,201$11,727$8,940$6,746$5,046$1,827
25 years$14,438$11,005$8,280$6,161$4,541$1,560
26 years$13,734$10,343$7,680$5,633$4,090$1,332
27 years$13,084$9,734$7,131$5,156$3,687$1,139
28 years$12,481$9,172$6,629$4,724$3,327$974
29 years$11,921$8,653$6,169$4,332$3,004$833
30 years$11,399$8,172$5,746$3,976$2,715$712
31 years$10,912$7,725$5,357$3,651$2,454$610
32 years$10,456$7,310$4,998$3,356$2,220$522
33 years$10,029$6,922$4,667$3,086$2,009$447
34 years$9,627$6,561$4,361$2,839$1,819$382
35 years$9,250$6,223$4,077$2,614$1,648$327
36 years$8,894$5,906$3,814$2,407$1,493$280
37 years$8,558$5,610$3,570$2,218$1,353$240
38 years$8,241$5,331$3,343$2,044$1,227$206
39 years$7,941$5,069$3,132$1,885$1,112$176
40 years$7,656$4,823$2,936$1,739$1,009$151
41 years$7,386$4,591$2,753$1,604$915$129
42 years$7,130$4,372$2,582$1,480$831$111
43 years$6,886$4,166$2,423$1,367$754$95
44 years$6,654$3,971$2,274$1,262$684$81
45 years$6,432$3,787$2,135$1,165$621$70
46 years$6,221$3,613$2,006$1,076$564$60
47 years$6,020$3,447$1,884$994$512$51
48 years$5,828$3,291$1,771$919$465$44
49 years$5,644$3,143$1,664$849$422$38
50 years$5,468$3,002$1,565$785$384$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $5,600,000, adding $5,055 every year, while hoping to spend $36,631 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: 43/48/9 Blend
68$5,600,000$5,600,000$5,600,000$5,600,000
69$6,176,414$5,879,614$5,792,814$6,425,711
70$6,767,433$6,128,740$5,947,898$6,848,747
71$7,417,509$6,388,846$6,106,950$7,302,640
72$8,132,625$6,660,430$6,270,064$7,793,515
73$8,919,378$6,944,016$6,437,335$8,324,767
74$9,785,031$7,240,149$6,608,863$8,900,124
75$10,737,592$7,549,404$6,784,747$9,523,678
76$11,785,880$7,872,378$6,965,090$10,199,920
77$12,939,614$8,209,700$7,149,995$10,933,779
78$14,209,504$8,562,024$7,339,570$11,730,672
79$15,607,350$8,930,039$7,533,921$12,596,547
80$17,146,152$9,314,464$7,733,160$13,537,936
81$18,840,238$9,716,052$7,937,400$14,562,018
82$20,705,395$10,135,590$8,146,755$15,676,682
83$22,759,016$10,573,905$8,361,342$16,890,596
84$25,020,268$11,031,859$8,581,280$18,213,289
85$27,510,274$11,510,358$8,806,691$19,655,237
86$30,252,305$12,010,349$9,037,698$21,227,956
87$33,272,006$12,532,822$9,274,427$22,944,109
88$36,597,637$13,078,817$9,517,007$24,817,622
89$40,260,337$13,649,420$9,765,568$26,863,810
90$44,294,419$14,245,769$10,020,242$29,099,518
91$48,737,695$14,869,057$10,281,165$31,543,277
92$53,631,830$15,520,531$10,548,474$34,215,471
93$59,022,738$16,201,498$10,822,309$37,138,529
94$64,961,013$16,913,327$11,102,812$40,337,127
95$71,502,407$17,657,451$11,390,127$43,838,421
96$78,708,358$18,435,372$11,684,402$47,672,291
97$86,646,566$19,248,661$11,985,785$51,871,624
98$95,391,635$20,098,964$12,294,428$56,472,615
99$105,025,776$20,988,007$12,610,485$61,515,104
100$115,639,580$21,917,595$12,934,112$67,042,942