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%13.2%
1 years$470,701$466,508$462,417$458,425$454,526$448,475
2 years$233,020$228,680$224,474$220,396$216,441$210,354
3 years$153,804$149,445$145,250$141,210$137,319$131,386
4 years$114,203$109,858$105,705$101,734$97,937$92,203
5 years$90,449$86,130$82,031$78,141$74,450$68,932
6 years$74,618$70,332$66,293$62,490$58,910$53,614
7 years$63,315$59,064$55,090$51,377$47,910$42,838
8 years$54,841$50,629$46,721$43,099$39,746$34,898
9 years$48,254$44,082$40,241$36,711$33,472$28,846
10 years$42,987$38,856$35,083$31,645$28,519$24,112
11 years$38,681$34,591$30,886$27,540$24,528$20,335
12 years$35,095$31,047$27,411$24,157$21,255$17,272
13 years$32,063$28,058$24,490$21,327$18,535$14,756
14 years$29,467$25,504$22,004$18,931$16,248$12,667
15 years$27,218$23,298$19,867$16,884$14,306$10,917
16 years$25,253$21,375$18,012$15,117$12,643$9,441
17 years$23,521$19,686$16,390$13,583$11,210$8,188
18 years$21,983$18,191$14,962$12,241$9,968$7,119
19 years$20,608$16,859$13,697$11,061$8,885$6,201
20 years$19,372$15,666$12,571$10,018$7,936$5,412
21 years$18,256$14,592$11,563$9,092$7,102$4,731
22 years$17,242$13,621$10,657$8,266$6,366$4,140
23 years$16,318$12,740$9,840$7,528$5,714$3,628
24 years$15,472$11,936$9,100$6,866$5,136$3,182
25 years$14,695$11,202$8,428$6,271$4,622$2,794
26 years$13,979$10,528$7,817$5,734$4,163$2,454
27 years$13,318$9,908$7,259$5,248$3,753$2,158
28 years$12,704$9,336$6,748$4,808$3,387$1,898
29 years$12,134$8,808$6,279$4,409$3,058$1,671
30 years$11,603$8,318$5,849$4,047$2,763$1,471
31 years$11,107$7,863$5,453$3,717$2,498$1,296
32 years$10,643$7,440$5,088$3,416$2,260$1,142
33 years$10,208$7,046$4,750$3,141$2,045$1,006
34 years$9,799$6,678$4,438$2,890$1,852$887
35 years$9,415$6,334$4,150$2,660$1,677$782
36 years$9,053$6,012$3,882$2,450$1,520$690
37 years$8,711$5,710$3,633$2,257$1,377$609
38 years$8,388$5,426$3,403$2,081$1,249$537
39 years$8,082$5,160$3,188$1,919$1,132$474
40 years$7,793$4,909$2,988$1,770$1,027$418
41 years$7,518$4,673$2,802$1,633$932$369
42 years$7,257$4,451$2,628$1,507$845$326
43 years$7,009$4,241$2,466$1,391$767$288
44 years$6,772$4,042$2,315$1,284$696$254
45 years$6,547$3,855$2,174$1,186$632$224
46 years$6,333$3,677$2,042$1,096$574$198
47 years$6,128$3,509$1,918$1,012$521$175
48 years$5,932$3,350$1,802$935$473$154
49 years$5,744$3,199$1,694$864$430$136
50 years$5,565$3,056$1,593$799$391$120

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 $6,711 every year, while hoping to spend $27,388 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: 42/42/16 Blend
68$5,700,000$5,700,000$5,700,000$5,700,000
69$6,288,322$5,986,222$5,897,872$6,522,693
70$6,900,591$6,250,407$6,066,311$6,952,803
71$7,574,392$6,526,618$6,239,473$7,415,056
72$8,315,975$6,815,417$6,417,490$7,915,031
73$9,132,222$7,117,390$6,600,494$8,456,195
74$10,030,720$7,433,153$6,788,621$9,042,352
75$11,019,824$7,763,349$6,982,011$9,677,678
76$12,108,746$8,108,652$7,180,808$10,366,755
77$13,307,632$8,469,770$7,385,159$11,114,616
78$14,627,663$8,847,442$7,595,215$11,926,787
79$16,081,162$9,242,444$7,811,132$12,809,339
80$17,681,704$9,655,587$8,033,068$13,768,939
81$19,444,249$10,087,722$8,261,187$14,812,914
82$21,385,283$10,539,741$8,495,658$15,949,313
83$23,522,971$11,012,577$8,736,651$17,186,985
84$25,877,329$11,507,208$8,984,344$18,535,654
85$28,470,414$12,024,659$9,238,917$20,006,010
86$31,326,533$12,566,004$9,500,557$21,609,807
87$34,472,467$13,132,367$9,769,454$23,359,968
88$37,937,733$13,724,926$10,045,804$25,270,705
89$41,754,850$14,344,917$10,329,808$27,357,648
90$45,959,660$14,993,632$10,621,671$29,637,990
91$50,591,653$15,672,427$10,921,605$32,130,639
92$55,694,348$16,382,723$11,229,825$34,856,402
93$61,315,703$17,126,008$11,546,556$37,838,165
94$67,508,562$17,903,840$11,872,023$41,101,113
95$74,331,160$18,717,853$12,206,461$44,672,959
96$81,847,671$19,569,760$12,550,110$48,584,196
97$90,128,810$20,461,355$12,903,215$52,868,388
98$99,252,504$21,394,517$13,266,028$57,562,472
99$109,304,628$22,371,216$13,638,808$62,707,104
100$120,379,811$23,393,518$14,021,820$68,347,038