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

Use the below retirement simulation to view the chances of a successful retirement.
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%16%
1 years$470,701$466,508$462,417$458,425$454,526$443,358
2 years$233,020$228,680$224,474$220,396$216,441$205,258
3 years$153,804$149,445$145,250$141,210$137,319$126,471
4 years$114,203$109,858$105,705$101,734$97,937$87,508
5 years$90,449$86,130$82,031$78,141$74,450$64,468
6 years$74,618$70,332$66,293$62,490$58,910$49,386
7 years$63,315$59,064$55,090$51,377$47,910$38,844
8 years$54,841$50,629$46,721$43,099$39,746$31,134
9 years$48,254$44,082$40,241$36,711$33,472$25,308
10 years$42,987$38,856$35,083$31,645$28,519$20,794
11 years$38,681$34,591$30,886$27,540$24,528$17,229
12 years$35,095$31,047$27,411$24,157$21,255$14,371
13 years$32,063$28,058$24,490$21,327$18,535$12,052
14 years$29,467$25,504$22,004$18,931$16,248$10,152
15 years$27,218$23,298$19,867$16,884$14,306$8,582
16 years$25,253$21,375$18,012$15,117$12,643$7,277
17 years$23,521$19,686$16,390$13,583$11,210$6,186
18 years$21,983$18,191$14,962$12,241$9,968$5,269
19 years$20,608$16,859$13,697$11,061$8,885$4,496
20 years$19,372$15,666$12,571$10,018$7,936$3,843
21 years$18,256$14,592$11,563$9,092$7,102$3,288
22 years$17,242$13,621$10,657$8,266$6,366$2,816
23 years$16,318$12,740$9,840$7,528$5,714$2,415
24 years$15,472$11,936$9,100$6,866$5,136$2,072
25 years$14,695$11,202$8,428$6,271$4,622$1,779
26 years$13,979$10,528$7,817$5,734$4,163$1,528
27 years$13,318$9,908$7,259$5,248$3,753$1,314
28 years$12,704$9,336$6,748$4,808$3,387$1,130
29 years$12,134$8,808$6,279$4,409$3,058$972
30 years$11,603$8,318$5,849$4,047$2,763$836
31 years$11,107$7,863$5,453$3,717$2,498$720
32 years$10,643$7,440$5,088$3,416$2,260$619
33 years$10,208$7,046$4,750$3,141$2,045$533
34 years$9,799$6,678$4,438$2,890$1,852$459
35 years$9,415$6,334$4,150$2,660$1,677$396
36 years$9,053$6,012$3,882$2,450$1,520$341
37 years$8,711$5,710$3,633$2,257$1,377$294
38 years$8,388$5,426$3,403$2,081$1,249$253
39 years$8,082$5,160$3,188$1,919$1,132$218
40 years$7,793$4,909$2,988$1,770$1,027$188
41 years$7,518$4,673$2,802$1,633$932$162
42 years$7,257$4,451$2,628$1,507$845$139
43 years$7,009$4,241$2,466$1,391$767$120
44 years$6,772$4,042$2,315$1,284$696$104
45 years$6,547$3,855$2,174$1,186$632$89
46 years$6,333$3,677$2,042$1,096$574$77
47 years$6,128$3,509$1,918$1,012$521$66
48 years$5,932$3,350$1,802$935$473$57
49 years$5,744$3,199$1,694$864$430$49
50 years$5,565$3,056$1,593$799$391$42

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 $4,928 every year, while hoping to spend $31,944 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: 67/24/9 Blend
68$5,700,000$5,700,000$5,700,000$5,700,000
69$6,286,483$5,984,383$5,896,033$6,696,187
70$6,893,716$6,243,630$6,059,562$7,228,258
71$7,561,817$6,514,509$6,227,499$7,805,449
72$8,296,959$6,797,557$6,399,957$8,435,627
73$9,105,946$7,093,335$6,577,053$9,123,967
74$9,996,275$7,402,431$6,758,907$9,876,164
75$10,976,206$7,725,461$6,945,641$10,698,482
76$12,054,840$8,063,069$7,137,380$11,597,815
77$13,242,204$8,415,930$7,334,254$12,581,749
78$14,549,350$8,784,751$7,536,392$13,658,634
79$15,988,452$9,170,272$7,743,929$14,837,657
80$17,572,927$9,573,269$7,957,004$16,128,934
81$19,317,559$9,994,552$8,175,757$17,543,596
82$21,238,637$10,434,973$8,400,332$19,093,900
83$23,354,112$10,895,420$8,630,877$20,793,335
84$25,683,763$11,376,827$8,867,543$22,656,755
85$28,249,386$11,880,171$9,110,485$24,700,514
86$31,074,998$12,406,473$9,359,860$26,942,615
87$34,187,063$12,956,806$9,615,831$29,402,884
88$37,614,745$13,532,291$9,878,563$32,103,152
89$41,390,180$14,134,104$10,148,226$35,067,457
90$45,548,779$14,763,476$10,424,992$38,322,272
91$50,129,564$15,421,696$10,709,039$41,896,748
92$55,175,536$16,110,116$11,000,549$45,822,993
93$60,734,079$16,830,150$11,299,705$50,136,366
94$66,857,409$17,583,281$11,606,699$54,875,809
95$73,603,064$18,371,061$11,921,723$60,084,217
96$81,034,451$19,195,118$12,244,975$65,808,833
97$89,221,442$20,057,156$12,576,659$72,101,694
98$98,241,033$20,958,960$12,916,980$79,020,117
99$108,178,070$21,902,401$13,266,151$86,627,240
100$119,126,054$22,889,439$13,624,388$94,992,611