Can I retire at age 69 with 5,700,000?

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 $5,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$470,701$466,508$462,417$458,425$454,526$441,214
2 years$233,020$228,680$224,474$220,396$216,441$203,137
3 years$153,804$149,445$145,250$141,210$137,319$124,440
4 years$114,203$109,858$105,705$101,734$97,937$85,582
5 years$90,449$86,130$82,031$78,141$74,450$62,653
6 years$74,618$70,332$66,293$62,490$58,910$47,681
7 years$63,315$59,064$55,090$51,377$47,910$37,249
8 years$54,841$50,629$46,721$43,099$39,746$29,647
9 years$48,254$44,082$40,241$36,711$33,472$23,924
10 years$42,987$38,856$35,083$31,645$28,519$19,511
11 years$38,681$34,591$30,886$27,540$24,528$16,042
12 years$35,095$31,047$27,411$24,157$21,255$13,276
13 years$32,063$28,058$24,490$21,327$18,535$11,044
14 years$29,467$25,504$22,004$18,931$16,248$9,226
15 years$27,218$23,298$19,867$16,884$14,306$7,734
16 years$25,253$21,375$18,012$15,117$12,643$6,502
17 years$23,521$19,686$16,390$13,583$11,210$5,479
18 years$21,983$18,191$14,962$12,241$9,968$4,626
19 years$20,608$16,859$13,697$11,061$8,885$3,912
20 years$19,372$15,666$12,571$10,018$7,936$3,313
21 years$18,256$14,592$11,563$9,092$7,102$2,809
22 years$17,242$13,621$10,657$8,266$6,366$2,383
23 years$16,318$12,740$9,840$7,528$5,714$2,024
24 years$15,472$11,936$9,100$6,866$5,136$1,720
25 years$14,695$11,202$8,428$6,271$4,622$1,463
26 years$13,979$10,528$7,817$5,734$4,163$1,245
27 years$13,318$9,908$7,259$5,248$3,753$1,060
28 years$12,704$9,336$6,748$4,808$3,387$902
29 years$12,134$8,808$6,279$4,409$3,058$769
30 years$11,603$8,318$5,849$4,047$2,763$655
31 years$11,107$7,863$5,453$3,717$2,498$558
32 years$10,643$7,440$5,088$3,416$2,260$476
33 years$10,208$7,046$4,750$3,141$2,045$405
34 years$9,799$6,678$4,438$2,890$1,852$346
35 years$9,415$6,334$4,150$2,660$1,677$295
36 years$9,053$6,012$3,882$2,450$1,520$251
37 years$8,711$5,710$3,633$2,257$1,377$214
38 years$8,388$5,426$3,403$2,081$1,249$183
39 years$8,082$5,160$3,188$1,919$1,132$156
40 years$7,793$4,909$2,988$1,770$1,027$133
41 years$7,518$4,673$2,802$1,633$932$113
42 years$7,257$4,451$2,628$1,507$845$97
43 years$7,009$4,241$2,466$1,391$767$83
44 years$6,772$4,042$2,315$1,284$696$70
45 years$6,547$3,855$2,174$1,186$632$60
46 years$6,333$3,677$2,042$1,096$574$51
47 years$6,128$3,509$1,918$1,012$521$44
48 years$5,932$3,350$1,802$935$473$37
49 years$5,744$3,199$1,694$864$430$32
50 years$5,565$3,056$1,593$799$391$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $5,700,000, adding $3,070 every year, while hoping to spend $34,389 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: 77/9/14 Blend
68$5,700,000$5,700,000$5,700,000$5,700,000
69$6,284,567$5,982,467$5,894,117$6,750,053
70$6,889,003$6,239,018$6,054,980$7,313,922
71$7,553,939$6,506,988$6,220,080$7,927,435
72$8,285,510$6,786,899$6,389,521$8,599,249
73$9,090,474$7,079,300$6,563,413$9,335,167
74$9,976,280$7,384,763$6,741,865$10,141,579
75$10,951,134$7,703,889$6,924,990$11,025,521
76$12,024,076$8,037,307$7,112,904$11,994,740
77$13,205,071$8,385,673$7,305,725$13,057,772
78$14,505,094$8,749,678$7,503,573$14,224,012
79$15,936,243$9,130,041$7,706,573$15,503,810
80$17,511,846$9,527,519$7,914,848$16,908,567
81$19,246,588$9,942,902$8,128,530$18,450,837
82$21,156,653$10,377,017$8,347,749$20,144,449
83$23,259,873$10,830,731$8,572,639$22,004,636
84$25,575,895$11,304,953$8,803,338$24,048,176
85$28,126,373$11,800,632$9,039,986$26,293,552
86$30,935,165$12,318,764$9,282,727$28,761,124
87$34,028,560$12,860,392$9,531,707$31,473,319
88$37,435,528$13,426,607$9,787,074$34,454,845
89$41,187,993$14,018,551$10,048,982$37,732,919
90$45,321,132$14,637,424$10,317,587$41,337,526
91$49,873,707$15,284,478$10,593,046$45,301,701
92$54,888,435$15,961,027$10,875,523$49,661,837
93$60,412,385$16,668,446$11,165,182$54,458,027
94$66,497,425$17,408,177$11,462,193$59,734,446
95$73,200,713$18,181,729$11,766,727$65,539,761
96$80,585,234$18,990,682$12,078,961$71,927,592
97$88,720,395$19,836,692$12,399,073$78,957,016
98$97,682,679$20,721,494$12,727,246$86,693,124
99$107,556,370$21,646,905$13,063,666$95,207,631
100$118,434,344$22,614,827$13,408,522$104,579,554