Can I retire at age 69 with 6,000,000?

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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$495,474$491,061$486,755$482,552$478,448$467,833
2 years$245,284$240,716$236,289$231,996$227,833$217,192
3 years$161,899$157,311$152,895$148,642$144,546$134,214
4 years$120,214$115,640$111,268$107,088$103,092$93,147
5 years$95,210$90,663$86,349$82,254$78,369$68,840
6 years$78,545$74,033$69,782$65,779$62,010$52,907
7 years$66,647$62,173$57,990$54,081$50,431$41,755
8 years$57,728$53,294$49,180$45,367$41,837$33,585
9 years$50,794$46,402$42,359$38,643$35,233$27,399
10 years$45,250$40,901$36,929$33,310$30,020$22,596
11 years$40,717$36,412$32,512$28,990$25,819$18,794
12 years$36,942$32,681$28,853$25,428$22,374$15,738
13 years$33,751$29,534$25,779$22,449$19,510$13,251
14 years$31,018$26,846$23,162$19,928$17,103$11,208
15 years$28,651$24,524$20,912$17,772$15,059$9,515
16 years$26,582$22,500$18,960$15,913$13,309$8,102
17 years$24,759$20,722$17,253$14,298$11,801$6,917
18 years$23,140$19,148$15,750$12,885$10,492$5,918
19 years$21,693$17,746$14,418$11,643$9,352$5,073
20 years$20,392$16,491$13,232$10,545$8,354$4,355
21 years$19,217$15,360$12,171$9,570$7,475$3,744
22 years$18,150$14,338$11,218$8,701$6,701$3,222
23 years$17,177$13,410$10,357$7,925$6,015$2,775
24 years$16,287$12,565$9,579$7,228$5,406$2,393
25 years$15,469$11,791$8,872$6,601$4,865$2,064
26 years$14,715$11,082$8,228$6,035$4,382$1,782
27 years$14,018$10,429$7,641$5,524$3,951$1,539
28 years$13,373$9,828$7,103$5,061$3,565$1,330
29 years$12,773$9,271$6,610$4,641$3,219$1,150
30 years$12,213$8,756$6,157$4,260$2,909$994
31 years$11,691$8,277$5,740$3,912$2,630$860
32 years$11,203$7,832$5,355$3,595$2,379$744
33 years$10,745$7,417$5,000$3,306$2,153$644
34 years$10,315$7,029$4,672$3,042$1,949$557
35 years$9,911$6,667$4,368$2,800$1,765$482
36 years$9,529$6,328$4,086$2,579$1,599$418
37 years$9,170$6,010$3,825$2,376$1,450$362
38 years$8,830$5,712$3,582$2,190$1,314$313
39 years$8,508$5,432$3,356$2,020$1,192$271
40 years$8,203$5,168$3,145$1,863$1,081$235
41 years$7,914$4,919$2,949$1,719$981$203
42 years$7,639$4,685$2,766$1,586$890$176
43 years$7,378$4,464$2,596$1,464$808$153
44 years$7,129$4,255$2,437$1,352$733$132
45 years$6,892$4,057$2,288$1,248$666$115
46 years$6,666$3,871$2,149$1,153$604$99
47 years$6,450$3,694$2,019$1,065$549$86
48 years$6,244$3,526$1,897$985$498$75
49 years$6,047$3,367$1,783$910$453$65
50 years$5,858$3,217$1,677$841$411$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $6,000,000, adding $2,159 every year, while hoping to spend $33,770 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: 48/46/6 Blend
68$6,000,000$6,000,000$6,000,000$6,000,000
69$6,614,227$6,296,227$6,203,227$6,921,341
70$7,252,947$6,568,811$6,375,104$7,404,195
71$7,955,685$6,853,620$6,551,607$7,924,375
72$8,728,934$7,151,217$6,732,856$8,488,320
73$9,579,851$7,462,192$6,918,972$9,100,109
74$10,516,319$7,787,163$7,110,081$9,764,216
75$11,547,026$8,126,776$7,306,310$10,485,558
76$12,681,543$8,481,708$7,507,792$11,269,532
77$13,930,417$8,852,669$7,714,660$12,122,068
78$15,305,270$9,240,400$7,927,052$13,049,680
79$16,818,908$9,645,680$8,145,108$14,059,525
80$18,485,440$10,069,322$8,368,973$15,159,471
81$20,320,415$10,512,179$8,598,794$16,358,160
82$22,340,966$10,975,144$8,834,722$17,665,097
83$24,565,971$11,459,153$9,076,912$19,090,728
84$27,016,233$11,965,184$9,325,521$20,646,539
85$29,714,674$12,494,263$9,580,711$22,345,161
86$32,686,553$13,047,465$9,842,648$24,200,484
87$35,959,706$13,625,915$10,111,500$26,227,784
88$39,564,802$14,230,791$10,387,442$28,443,865
89$43,535,640$14,863,328$10,670,650$30,867,211
90$47,909,464$15,524,819$10,961,304$33,518,158
91$52,727,313$16,216,618$11,259,591$36,419,080
92$58,034,411$16,940,145$11,565,700$39,594,595
93$63,880,594$17,696,886$11,879,825$43,071,793
94$70,320,778$18,488,397$12,202,162$46,880,486
95$77,415,479$19,316,309$12,532,916$51,053,485
96$85,231,381$20,182,332$12,872,292$55,626,900
97$93,841,970$21,088,255$13,220,502$60,640,481
98$103,328,225$22,035,953$13,577,762$66,137,978
99$113,779,380$23,027,390$13,944,294$72,167,556
100$125,293,771$24,064,627$14,320,322$78,782,238