Can I retire at age 69 with 5,900,000?

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 $5,900,000?

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$487,216$482,877$478,642$474,510$470,474$457,616
2 years$241,196$236,704$232,351$228,130$224,035$211,175
3 years$159,200$154,689$150,346$146,165$142,137$129,677
4 years$118,210$113,713$109,414$105,304$101,373$89,409
5 years$93,623$89,152$84,909$80,883$77,063$65,627
6 years$77,236$72,799$68,619$64,683$60,977$50,081
7 years$65,536$61,137$57,023$53,179$49,591$39,235
8 years$56,765$52,406$48,360$44,611$41,140$31,320
9 years$49,947$45,628$41,653$37,999$34,646$25,351
10 years$44,496$40,219$36,314$32,755$29,520$20,739
11 years$40,038$35,805$31,970$28,507$25,388$17,107
12 years$36,327$32,136$28,373$25,004$22,001$14,204
13 years$33,188$29,042$25,349$22,075$19,185$11,856
14 years$30,501$26,398$22,776$19,596$16,818$9,939
15 years$28,174$24,115$20,564$17,476$14,808$8,361
16 years$26,139$22,125$18,644$15,648$13,087$7,054
17 years$24,346$20,377$16,965$14,059$11,604$5,966
18 years$22,754$18,829$15,487$12,670$10,318$5,055
19 years$21,331$17,450$14,178$11,449$9,196$4,291
20 years$20,052$16,216$13,012$10,369$8,214$3,648
21 years$18,897$15,104$11,968$9,411$7,351$3,105
22 years$17,847$14,099$11,031$8,556$6,589$2,645
23 years$16,891$13,187$10,185$7,792$5,915$2,255
24 years$16,015$12,355$9,419$7,107$5,316$1,925
25 years$15,211$11,595$8,724$6,491$4,784$1,643
26 years$14,470$10,897$8,091$5,935$4,309$1,404
27 years$13,785$10,256$7,513$5,432$3,885$1,200
28 years$13,150$9,664$6,985$4,977$3,506$1,026
29 years$12,560$9,117$6,500$4,564$3,165$877
30 years$12,010$8,610$6,054$4,189$2,860$750
31 years$11,497$8,139$5,644$3,847$2,586$642
32 years$11,016$7,701$5,266$3,535$2,339$550
33 years$10,566$7,293$4,917$3,251$2,117$470
34 years$10,143$6,912$4,594$2,991$1,917$403
35 years$9,745$6,556$4,295$2,754$1,736$345
36 years$9,371$6,223$4,018$2,536$1,573$295
37 years$9,017$5,910$3,761$2,337$1,426$253
38 years$8,682$5,617$3,522$2,154$1,292$217
39 years$8,366$5,341$3,300$1,986$1,172$186
40 years$8,066$5,082$3,093$1,832$1,063$159
41 years$7,782$4,837$2,900$1,690$964$136
42 years$7,512$4,607$2,720$1,560$875$117
43 years$7,255$4,389$2,553$1,440$794$100
44 years$7,010$4,184$2,396$1,329$721$86
45 years$6,777$3,990$2,250$1,228$654$73
46 years$6,555$3,806$2,113$1,134$594$63
47 years$6,343$3,632$1,985$1,048$540$54
48 years$6,140$3,467$1,866$968$490$46
49 years$5,946$3,311$1,754$895$445$40
50 years$5,760$3,163$1,649$827$404$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $5,900,000, adding $3,084 every year, while hoping to spend $34,827 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: 56/20/24 Blend
68$5,900,000$5,900,000$5,900,000$5,900,000
69$6,504,981$6,192,281$6,100,831$6,826,506
70$7,131,434$6,458,647$6,268,153$7,313,505
71$7,820,617$6,736,898$6,439,914$7,839,882
72$8,578,893$7,027,579$6,616,224$8,412,636
73$9,413,271$7,331,262$6,797,198$9,036,242
74$10,331,475$7,648,544$6,982,955$9,715,621
75$11,342,014$7,980,051$7,173,612$10,456,185
76$12,454,265$8,326,439$7,369,294$11,263,888
77$13,678,559$8,688,394$7,570,125$12,145,283
78$15,026,282$9,066,635$7,776,233$13,107,576
79$16,509,976$9,461,913$7,987,750$14,158,699
80$18,143,464$9,875,017$8,204,810$15,307,382
81$19,941,976$10,306,771$8,427,550$16,563,229
82$21,922,294$10,758,040$8,656,110$17,936,814
83$24,102,911$11,229,727$8,890,633$19,439,775
84$26,504,204$11,722,780$9,131,265$21,084,921
85$29,148,628$12,238,191$9,378,157$22,886,355
86$32,060,923$12,776,998$9,631,461$24,859,601
87$35,268,356$13,340,289$9,891,333$27,021,753
88$38,800,969$13,929,204$10,157,934$29,391,630
89$42,691,869$14,544,937$10,431,426$31,989,952
90$46,977,537$15,188,735$10,711,975$34,839,537
91$51,698,172$15,861,910$10,999,753$37,965,511
92$56,898,073$16,565,831$11,294,932$41,395,541
93$62,626,055$17,301,935$11,597,691$45,160,097
94$68,935,908$18,071,726$11,908,209$49,292,735
95$75,886,910$18,876,779$12,226,674$53,830,414
96$83,544,379$19,718,746$12,553,272$58,813,835
97$91,980,296$20,599,355$12,888,196$64,287,830
98$101,273,980$21,520,416$13,231,644$70,301,778
99$111,512,837$22,483,829$13,583,816$76,910,067
100$122,793,189$23,491,579$13,944,916$84,172,606