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%11.6%
1 years$503,732$499,245$494,868$490,595$486,423$483,155
2 years$249,372$244,728$240,227$235,863$231,630$228,334
3 years$164,597$159,933$155,443$151,120$146,955$143,734
4 years$122,217$117,567$113,123$108,873$104,810$101,687
5 years$96,796$92,174$87,788$83,625$79,675$76,660
6 years$79,855$75,267$70,946$66,876$63,044$60,141
7 years$67,758$63,209$58,956$54,982$51,272$48,483
8 years$58,690$54,182$49,999$46,123$42,535$39,859
9 years$51,640$47,175$43,064$39,287$35,820$33,258
10 years$46,004$41,583$37,545$33,866$30,521$28,069
11 years$41,396$37,019$33,054$29,473$26,249$23,907
12 years$37,558$33,226$29,334$25,852$22,747$20,513
13 years$34,313$30,026$26,208$22,823$19,836$17,707
14 years$31,535$27,293$23,548$20,260$17,388$15,362
15 years$29,129$24,933$21,261$18,068$15,310$13,384
16 years$27,025$22,875$19,276$16,178$13,531$11,702
17 years$25,171$21,067$17,540$14,536$11,997$10,263
18 years$23,525$19,467$16,012$13,100$10,667$9,025
19 years$22,054$18,042$14,658$11,837$9,508$7,953
20 years$20,732$16,766$13,453$10,721$8,493$7,023
21 years$19,537$15,616$12,374$9,730$7,600$6,212
22 years$18,452$14,577$11,405$8,846$6,812$5,503
23 years$17,463$13,634$10,530$8,057$6,115$4,881
24 years$16,558$12,774$9,739$7,348$5,496$4,335
25 years$15,727$11,988$9,020$6,711$4,946$3,853
26 years$14,960$11,267$8,365$6,136$4,455$3,428
27 years$14,252$10,603$7,768$5,616$4,017$3,052
28 years$13,596$9,991$7,221$5,146$3,624$2,720
29 years$12,985$9,426$6,720$4,719$3,273$2,425
30 years$12,417$8,902$6,260$4,331$2,957$2,163
31 years$11,886$8,415$5,836$3,977$2,673$1,930
32 years$11,390$7,962$5,445$3,655$2,418$1,724
33 years$10,924$7,540$5,084$3,361$2,189$1,540
34 years$10,487$7,147$4,750$3,093$1,982$1,376
35 years$10,076$6,778$4,441$2,847$1,795$1,229
36 years$9,688$6,434$4,154$2,622$1,626$1,099
37 years$9,322$6,111$3,888$2,416$1,474$983
38 years$8,977$5,807$3,641$2,227$1,336$879
39 years$8,650$5,522$3,412$2,053$1,212$786
40 years$8,340$5,254$3,198$1,894$1,099$704
41 years$8,046$5,001$2,998$1,747$997$630
42 years$7,766$4,763$2,813$1,613$905$564
43 years$7,501$4,538$2,639$1,489$821$505
44 years$7,248$4,326$2,477$1,374$745$452
45 years$7,007$4,125$2,326$1,269$677$404
46 years$6,777$3,935$2,185$1,172$614$362
47 years$6,558$3,755$2,053$1,083$558$324
48 years$6,348$3,585$1,929$1,001$507$290
49 years$6,148$3,423$1,813$925$460$260
50 years$5,956$3,270$1,704$855$418$233

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 $4,091 every year, while hoping to spend $40,663 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: 38/37/25 Blend
68$6,100,000$6,100,000$6,100,000$6,100,000
69$6,726,420$6,403,120$6,308,570$6,931,700
70$7,369,250$6,673,608$6,476,642$7,352,400
71$8,076,285$6,955,986$6,648,981$7,802,695
72$8,854,032$7,250,796$6,825,689$8,288,558
73$9,709,660$7,558,601$7,006,865$8,813,235
74$10,651,066$7,879,993$7,192,616$9,380,291
75$11,686,952$8,215,590$7,383,046$9,993,637
76$12,826,907$8,566,040$7,578,264$10,657,568
77$14,081,496$8,932,021$7,778,380$11,376,800
78$15,462,360$9,314,241$7,983,507$12,156,512
79$16,982,325$9,713,444$8,193,760$13,002,393
80$18,655,526$10,130,405$8,409,253$13,920,693
81$20,497,534$10,565,940$8,630,108$14,918,281
82$22,525,510$11,020,898$8,856,444$16,002,704
83$24,758,362$11,496,173$9,088,385$17,182,259
84$27,216,926$11,992,696$9,326,057$18,466,064
85$29,924,159$12,511,445$9,569,587$19,864,146
86$32,905,360$13,053,442$9,819,105$21,387,530
87$36,188,405$13,619,759$10,074,743$23,048,339
88$39,804,011$14,211,516$10,336,636$24,859,907
89$43,786,028$14,829,888$10,604,920$26,836,898
90$48,171,753$15,476,103$10,879,736$28,995,446
91$53,002,288$16,151,449$11,161,224$31,353,297
92$58,322,924$16,857,272$11,449,527$33,929,979
93$64,183,569$17,594,985$11,744,792$36,746,976
94$70,639,218$18,366,064$12,047,168$39,827,930
95$77,750,474$19,172,057$12,356,804$43,198,860
96$85,584,119$20,014,585$12,673,854$46,888,398
97$94,213,744$20,895,344$12,998,472$50,928,061
98$103,720,442$21,816,112$13,330,817$55,352,539
99$114,193,575$22,778,749$13,671,047$60,200,015
100$125,731,617$23,785,206$14,019,325$65,512,527