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%15.1%
1 years$470,701$466,508$462,417$458,425$454,526$444,985
2 years$233,020$228,680$224,474$220,396$216,441$206,874
3 years$153,804$149,445$145,250$141,210$137,319$128,024
4 years$114,203$109,858$105,705$101,734$97,937$88,985
5 years$90,449$86,130$82,031$78,141$74,450$65,868
6 years$74,618$70,332$66,293$62,490$58,910$50,706
7 years$63,315$59,064$55,090$51,377$47,910$40,085
8 years$54,841$50,629$46,721$43,099$39,746$32,298
9 years$48,254$44,082$40,241$36,711$33,472$26,397
10 years$42,987$38,856$35,083$31,645$28,519$21,810
11 years$38,681$34,591$30,886$27,540$24,528$18,175
12 years$35,095$31,047$27,411$24,157$21,255$15,249
13 years$32,063$28,058$24,490$21,327$18,535$12,866
14 years$29,467$25,504$22,004$18,931$16,248$10,904
15 years$27,218$23,298$19,867$16,884$14,306$9,276
16 years$25,253$21,375$18,012$15,117$12,643$7,916
17 years$23,521$19,686$16,390$13,583$11,210$6,772
18 years$21,983$18,191$14,962$12,241$9,968$5,807
19 years$20,608$16,859$13,697$11,061$8,885$4,989
20 years$19,372$15,666$12,571$10,018$7,936$4,292
21 years$18,256$14,592$11,563$9,092$7,102$3,698
22 years$17,242$13,621$10,657$8,266$6,366$3,190
23 years$16,318$12,740$9,840$7,528$5,714$2,754
24 years$15,472$11,936$9,100$6,866$5,136$2,380
25 years$14,695$11,202$8,428$6,271$4,622$2,058
26 years$13,979$10,528$7,817$5,734$4,163$1,781
27 years$13,318$9,908$7,259$5,248$3,753$1,542
28 years$12,704$9,336$6,748$4,808$3,387$1,336
29 years$12,134$8,808$6,279$4,409$3,058$1,158
30 years$11,603$8,318$5,849$4,047$2,763$1,003
31 years$11,107$7,863$5,453$3,717$2,498$870
32 years$10,643$7,440$5,088$3,416$2,260$755
33 years$10,208$7,046$4,750$3,141$2,045$655
34 years$9,799$6,678$4,438$2,890$1,852$568
35 years$9,415$6,334$4,150$2,660$1,677$493
36 years$9,053$6,012$3,882$2,450$1,520$428
37 years$8,711$5,710$3,633$2,257$1,377$371
38 years$8,388$5,426$3,403$2,081$1,249$323
39 years$8,082$5,160$3,188$1,919$1,132$280
40 years$7,793$4,909$2,988$1,770$1,027$243
41 years$7,518$4,673$2,802$1,633$932$211
42 years$7,257$4,451$2,628$1,507$845$183
43 years$7,009$4,241$2,466$1,391$767$159
44 years$6,772$4,042$2,315$1,284$696$138
45 years$6,547$3,855$2,174$1,186$632$120
46 years$6,333$3,677$2,042$1,096$574$104
47 years$6,128$3,509$1,918$1,012$521$91
48 years$5,932$3,350$1,802$935$473$79
49 years$5,744$3,199$1,694$864$430$68
50 years$5,565$3,056$1,593$799$391$59

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 $6,539 every year, while hoping to spend $26,010 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: 47/36/17 Blend
68$5,700,000$5,700,000$5,700,000$5,700,000
69$6,288,145$5,986,045$5,897,695$6,553,167
70$6,901,861$6,251,687$6,067,593$7,003,655
71$7,577,305$6,529,473$6,242,312$7,489,157
72$8,320,745$6,819,972$6,421,984$8,015,550
73$9,139,088$7,123,778$6,606,747$8,586,660
74$10,039,945$7,441,513$6,796,743$9,206,689
75$11,031,703$7,773,831$6,992,118$9,880,253
76$12,123,602$8,121,414$7,193,019$10,612,423
77$13,325,825$8,484,979$7,399,601$11,408,769
78$14,649,591$8,865,275$7,612,020$12,275,414
79$16,107,265$9,263,089$7,830,438$13,219,086
80$17,712,469$9,679,243$8,055,020$14,247,182
81$19,480,214$10,114,599$8,285,937$15,367,832
82$21,427,044$10,570,063$8,523,364$16,589,976
83$23,571,185$11,046,579$8,767,479$17,923,444
84$25,932,725$11,545,139$9,018,468$19,379,047
85$28,533,795$12,066,784$9,276,520$20,968,673
86$31,398,787$12,612,601$9,541,827$22,705,401
87$34,554,576$13,183,731$9,814,591$24,603,617
88$38,030,778$13,781,369$10,095,016$26,679,148
89$41,860,030$14,406,768$10,383,311$28,949,407
90$46,078,293$15,061,241$10,679,693$31,433,555
91$50,725,199$15,746,161$10,984,382$34,152,674
92$55,844,417$16,462,971$11,297,607$37,129,969
93$61,484,071$17,213,180$11,619,600$40,390,976
94$67,697,190$17,998,370$11,950,600$43,963,800
95$74,542,212$18,820,199$12,290,854$47,879,378
96$82,083,534$19,680,405$12,640,614$52,171,764
97$90,392,118$20,580,808$13,000,138$56,878,446
98$99,546,164$21,523,317$13,369,692$62,040,694
99$109,631,845$22,509,932$13,749,549$67,703,944
100$120,744,122$23,542,748$14,139,989$73,918,221