Can I retire at age 69 with 6,100,000?

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 $6,100,000?

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$503,732$499,245$494,868$490,595$486,423$476,212
2 years$249,372$244,728$240,227$235,863$231,630$221,391
3 years$164,597$159,933$155,443$151,120$146,955$137,008
4 years$122,217$117,567$113,123$108,873$104,810$95,230
5 years$96,796$92,174$87,788$83,625$79,675$70,490
6 years$79,855$75,267$70,946$66,876$63,044$54,264
7 years$67,758$63,209$58,956$54,982$51,272$42,898
8 years$58,690$54,182$49,999$46,123$42,535$34,565
9 years$51,640$47,175$43,064$39,287$35,820$28,249
10 years$46,004$41,583$37,545$33,866$30,521$23,340
11 years$41,396$37,019$33,054$29,473$26,249$19,450
12 years$37,558$33,226$29,334$25,852$22,747$16,319
13 years$34,313$30,026$26,208$22,823$19,836$13,768
14 years$31,535$27,293$23,548$20,260$17,388$11,669
15 years$29,129$24,933$21,261$18,068$15,310$9,927
16 years$27,025$22,875$19,276$16,178$13,531$8,471
17 years$25,171$21,067$17,540$14,536$11,997$7,248
18 years$23,525$19,467$16,012$13,100$10,667$6,215
19 years$22,054$18,042$14,658$11,837$9,508$5,339
20 years$20,732$16,766$13,453$10,721$8,493$4,594
21 years$19,537$15,616$12,374$9,730$7,600$3,958
22 years$18,452$14,577$11,405$8,846$6,812$3,414
23 years$17,463$13,634$10,530$8,057$6,115$2,948
24 years$16,558$12,774$9,739$7,348$5,496$2,547
25 years$15,727$11,988$9,020$6,711$4,946$2,203
26 years$14,960$11,267$8,365$6,136$4,455$1,906
27 years$14,252$10,603$7,768$5,616$4,017$1,650
28 years$13,596$9,991$7,221$5,146$3,624$1,430
29 years$12,985$9,426$6,720$4,719$3,273$1,239
30 years$12,417$8,902$6,260$4,331$2,957$1,074
31 years$11,886$8,415$5,836$3,977$2,673$931
32 years$11,390$7,962$5,445$3,655$2,418$808
33 years$10,924$7,540$5,084$3,361$2,189$701
34 years$10,487$7,147$4,750$3,093$1,982$608
35 years$10,076$6,778$4,441$2,847$1,795$528
36 years$9,688$6,434$4,154$2,622$1,626$458
37 years$9,322$6,111$3,888$2,416$1,474$398
38 years$8,977$5,807$3,641$2,227$1,336$345
39 years$8,650$5,522$3,412$2,053$1,212$300
40 years$8,340$5,254$3,198$1,894$1,099$260
41 years$8,046$5,001$2,998$1,747$997$226
42 years$7,766$4,763$2,813$1,613$905$196
43 years$7,501$4,538$2,639$1,489$821$170
44 years$7,248$4,326$2,477$1,374$745$148
45 years$7,007$4,125$2,326$1,269$677$129
46 years$6,777$3,935$2,185$1,172$614$112
47 years$6,558$3,755$2,053$1,083$558$97
48 years$6,348$3,585$1,929$1,001$507$84
49 years$6,148$3,423$1,813$925$460$73
50 years$5,956$3,270$1,704$855$418$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $6,100,000, adding $3,827 every year, while hoping to spend $33,914 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: 77/12/11 Blend
68$6,100,000$6,100,000$6,100,000$6,100,000
69$6,726,148$6,402,848$6,308,298$7,230,207
70$7,376,130$6,680,503$6,483,541$7,840,144
71$8,091,275$6,970,627$6,663,519$8,504,054
72$8,878,191$7,273,794$6,848,354$9,231,063
73$9,744,164$7,590,607$7,038,171$10,027,442
74$10,697,219$7,921,697$7,233,099$10,900,095
75$11,746,198$8,267,723$7,433,271$11,856,624
76$12,900,846$8,629,377$7,638,821$12,905,399
77$14,171,899$9,007,383$7,849,888$14,055,637
78$15,571,187$9,402,499$8,066,614$15,317,489
79$17,111,745$9,815,519$8,289,143$16,702,132
80$18,807,938$10,247,274$8,517,624$18,221,876
81$20,675,593$10,698,636$8,752,210$19,890,279
82$22,732,150$11,170,515$8,993,055$21,722,271
83$24,996,826$11,663,867$9,240,319$23,734,298
84$27,490,798$12,179,693$9,494,166$25,944,474
85$30,237,401$12,719,039$9,754,762$28,372,749
86$33,262,347$13,283,003$10,022,278$31,041,101
87$36,593,971$13,872,735$10,296,888$33,973,736
88$40,263,495$14,489,437$10,578,773$37,197,320
89$44,305,323$15,134,372$10,868,114$40,741,226
90$48,757,369$15,808,859$11,165,099$44,637,813
91$53,661,411$16,514,283$11,469,919$48,922,727
92$59,063,484$17,252,093$11,782,771$53,635,236
93$65,014,320$18,023,806$12,103,854$58,818,603
94$71,569,822$18,831,013$12,433,374$64,520,485
95$78,791,592$19,675,381$12,771,541$70,793,390
96$86,747,515$20,558,655$13,118,568$77,695,165
97$95,512,396$21,482,664$13,474,674$85,289,539
98$105,168,668$22,449,323$13,840,084$93,646,729
99$115,807,172$23,460,639$14,215,027$102,844,093
100$127,528,009$24,518,716$14,599,736$112,966,865