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%18.1%
1 years$511,990$507,430$502,980$498,637$494,397$478,188
2 years$253,460$248,740$244,165$239,729$235,427$219,252
3 years$167,295$162,554$157,991$153,597$149,365$133,730
4 years$124,221$119,495$114,977$110,658$106,528$91,555
5 years$98,383$93,685$89,227$84,996$80,981$66,708
6 years$81,164$76,501$72,109$67,972$64,077$50,517
7 years$68,869$64,245$59,923$55,883$52,112$39,263
8 years$59,652$55,070$50,819$46,879$43,232$31,084
9 years$52,487$47,949$43,770$39,931$36,408$24,947
10 years$46,758$42,264$38,160$34,421$31,021$20,230
11 years$42,074$37,625$33,596$29,956$26,679$16,537
12 years$38,174$33,771$29,815$26,276$23,120$13,604
13 years$34,876$30,519$26,638$23,198$20,161$11,248
14 years$32,052$27,741$23,934$20,592$17,673$9,339
15 years$29,606$25,342$21,609$18,365$15,561$7,779
16 years$27,468$23,250$19,592$16,443$13,752$6,497
17 years$25,584$21,413$17,828$14,774$12,194$5,439
18 years$23,911$19,786$16,275$13,315$10,842$4,561
19 years$22,416$18,338$14,899$12,031$9,664$3,831
20 years$21,072$17,040$13,673$10,896$8,632$3,222
21 years$19,857$15,872$12,577$9,889$7,725$2,713
22 years$18,755$14,816$11,591$8,991$6,924$2,286
23 years$17,750$13,857$10,703$8,189$6,215$1,928
24 years$16,830$12,984$9,898$7,469$5,587$1,627
25 years$15,985$12,184$9,168$6,821$5,027$1,374
26 years$15,206$11,451$8,503$6,237$4,528$1,160
27 years$14,486$10,777$7,895$5,708$4,083$980
28 years$13,818$10,155$7,340$5,230$3,684$829
29 years$13,198$9,580$6,830$4,796$3,326$701
30 years$12,621$9,048$6,362$4,402$3,006$593
31 years$12,081$8,553$5,931$4,043$2,717$501
32 years$11,576$8,093$5,534$3,715$2,458$424
33 years$11,103$7,664$5,167$3,416$2,224$359
34 years$10,659$7,264$4,828$3,143$2,014$304
35 years$10,241$6,890$4,514$2,894$1,824$257
36 years$9,847$6,539$4,222$2,665$1,653$217
37 years$9,475$6,211$3,952$2,455$1,498$184
38 years$9,124$5,902$3,701$2,263$1,358$156
39 years$8,791$5,613$3,467$2,087$1,232$132
40 years$8,476$5,340$3,250$1,925$1,117$112
41 years$8,177$5,083$3,047$1,776$1,013$95
42 years$7,894$4,841$2,859$1,639$920$80
43 years$7,624$4,612$2,682$1,513$835$68
44 years$7,366$4,397$2,518$1,397$758$57
45 years$7,122$4,193$2,364$1,290$688$49
46 years$6,888$4,000$2,221$1,192$624$41
47 years$6,665$3,817$2,086$1,101$567$35
48 years$6,452$3,644$1,960$1,017$515$29
49 years$6,248$3,480$1,843$940$468$25
50 years$6,053$3,324$1,732$869$425$21

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 $3,031 every year, while hoping to spend $29,286 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: 80/15/5 Blend
68$6,200,000$6,200,000$6,200,000$6,200,000
69$6,835,526$6,506,926$6,410,826$7,381,061
70$7,501,590$6,794,606$6,594,429$8,026,124
71$8,234,611$7,095,400$6,783,201$8,729,529
72$9,041,387$7,409,920$6,977,284$9,500,393
73$9,929,410$7,738,808$7,176,825$10,345,431
74$10,906,934$8,082,734$7,381,973$11,272,032
75$11,983,054$8,442,401$7,592,882$12,288,332
76$13,167,793$8,818,546$7,809,710$13,403,293
77$14,472,192$9,211,939$8,032,620$14,626,778
78$15,908,421$9,623,389$8,261,778$15,969,651
79$17,489,887$10,053,742$8,497,355$17,443,875
80$19,231,365$10,503,885$8,739,526$19,062,624
81$21,149,136$10,974,747$8,988,471$20,840,406
82$23,261,138$11,467,300$9,244,375$22,793,199
83$25,587,141$11,982,564$9,507,428$24,938,602
84$28,148,927$12,521,607$9,777,825$27,295,997
85$30,970,499$13,085,548$10,055,764$29,886,732
86$34,078,310$13,675,560$10,341,451$32,734,320
87$37,501,504$14,292,869$10,635,097$35,864,662
88$41,272,202$14,938,764$10,936,917$39,306,288
89$45,425,795$15,614,592$11,247,133$43,090,623
90$50,001,286$16,321,766$11,565,971$47,252,286
91$55,041,651$17,061,767$11,893,665$51,829,410
92$60,594,251$17,836,145$12,230,455$56,864,005
93$66,711,275$18,646,526$12,576,585$62,402,348
94$73,450,231$19,494,613$12,932,307$68,495,423
95$80,874,495$20,382,189$13,297,879$75,199,392
96$89,053,903$21,311,125$13,673,567$82,576,133
97$98,065,412$22,283,381$14,059,643$90,693,813
98$107,993,827$23,301,010$14,456,384$99,627,535
99$118,932,601$24,366,163$14,864,077$109,460,040
100$130,984,718$25,481,097$15,283,014$120,282,488