Can I retire at age 69 with 6,200,000?

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 $6,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$511,990$507,430$502,980$498,637$494,397$488,016
2 years$253,460$248,740$244,165$239,729$235,427$229,008
3 years$167,295$162,554$157,991$153,597$149,365$143,107
4 years$124,221$119,495$114,977$110,658$106,528$100,479
5 years$98,383$93,685$89,227$84,996$80,981$75,159
6 years$81,164$76,501$72,109$67,972$64,077$58,489
7 years$68,869$64,245$59,923$55,883$52,112$46,759
8 years$59,652$55,070$50,819$46,879$43,232$38,114
9 years$52,487$47,949$43,770$39,931$36,408$31,523
10 years$46,758$42,264$38,160$34,421$31,021$26,366
11 years$42,074$37,625$33,596$29,956$26,679$22,249
12 years$38,174$33,771$29,815$26,276$23,120$18,910
13 years$34,876$30,519$26,638$23,198$20,161$16,166
14 years$32,052$27,741$23,934$20,592$17,673$13,887
15 years$29,606$25,342$21,609$18,365$15,561$11,977
16 years$27,468$23,250$19,592$16,443$13,752$10,365
17 years$25,584$21,413$17,828$14,774$12,194$8,995
18 years$23,911$19,786$16,275$13,315$10,842$7,826
19 years$22,416$18,338$14,899$12,031$9,664$6,823
20 years$21,072$17,040$13,673$10,896$8,632$5,959
21 years$19,857$15,872$12,577$9,889$7,725$5,212
22 years$18,755$14,816$11,591$8,991$6,924$4,565
23 years$17,750$13,857$10,703$8,189$6,215$4,004
24 years$16,830$12,984$9,898$7,469$5,587$3,514
25 years$15,985$12,184$9,168$6,821$5,027$3,088
26 years$15,206$11,451$8,503$6,237$4,528$2,715
27 years$14,486$10,777$7,895$5,708$4,083$2,389
28 years$13,818$10,155$7,340$5,230$3,684$2,103
29 years$13,198$9,580$6,830$4,796$3,326$1,852
30 years$12,621$9,048$6,362$4,402$3,006$1,632
31 years$12,081$8,553$5,931$4,043$2,717$1,439
32 years$11,576$8,093$5,534$3,715$2,458$1,269
33 years$11,103$7,664$5,167$3,416$2,224$1,119
34 years$10,659$7,264$4,828$3,143$2,014$988
35 years$10,241$6,890$4,514$2,894$1,824$872
36 years$9,847$6,539$4,222$2,665$1,653$770
37 years$9,475$6,211$3,952$2,455$1,498$679
38 years$9,124$5,902$3,701$2,263$1,358$600
39 years$8,791$5,613$3,467$2,087$1,232$530
40 years$8,476$5,340$3,250$1,925$1,117$468
41 years$8,177$5,083$3,047$1,776$1,013$414
42 years$7,894$4,841$2,859$1,639$920$365
43 years$7,624$4,612$2,682$1,513$835$323
44 years$7,366$4,397$2,518$1,397$758$285
45 years$7,122$4,193$2,364$1,290$688$252
46 years$6,888$4,000$2,221$1,192$624$223
47 years$6,665$3,817$2,086$1,101$567$197
48 years$6,452$3,644$1,960$1,017$515$174
49 years$6,248$3,480$1,843$940$468$154
50 years$6,053$3,324$1,732$869$425$136

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $6,200,000, adding $3,915 every year, while hoping to spend $51,742 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: 79/9/12 Blend
68$6,200,000$6,200,000$6,200,000$6,200,000
69$6,836,438$6,507,838$6,411,738$7,360,896
70$7,478,702$6,771,669$6,571,478$7,970,017
71$8,184,742$7,046,694$6,734,836$8,631,060
72$8,961,010$7,333,406$6,901,877$9,354,807
73$9,814,612$7,632,321$7,072,668$10,147,503
74$10,753,378$7,943,981$7,247,278$11,016,022
75$11,785,935$8,268,948$7,425,774$11,967,937
76$12,921,787$8,607,814$7,608,225$13,011,588
77$14,171,408$8,961,195$7,794,699$14,156,158
78$15,546,335$9,329,737$7,985,265$15,411,762
79$17,059,282$9,714,116$8,179,993$16,789,541
80$18,724,258$10,115,036$8,378,951$18,301,765
81$20,556,696$10,533,237$8,582,210$19,961,950
82$22,573,604$10,969,490$8,789,839$21,784,983
83$24,793,720$11,424,604$9,001,907$23,787,264
84$27,237,693$11,899,423$9,218,484$25,986,856
85$29,928,274$12,394,831$9,439,640$28,403,660
86$32,890,533$12,911,752$9,665,442$31,059,595
87$36,152,093$13,451,154$9,895,961$33,978,812
88$39,743,395$14,014,049$10,131,264$37,187,915
89$43,697,979$14,601,495$10,371,419$40,716,211
90$48,052,805$15,214,600$10,616,493$44,595,990
91$52,848,597$15,854,522$10,866,553$48,862,826
92$58,130,235$16,522,475$11,121,663$53,555,910
93$63,947,169$17,219,726$11,381,888$58,718,423
94$70,353,891$17,947,603$11,647,292$64,397,936
95$77,410,448$18,707,496$11,917,937$70,646,865
96$85,183,008$19,500,858$12,193,882$77,522,960
97$93,744,486$20,329,210$12,475,188$85,089,849
98$103,175,227$21,194,146$12,761,911$93,417,639
99$113,563,772$22,097,330$13,054,106$102,583,574
100$125,007,685$23,040,508$13,351,828$112,672,764