Can I retire at age 69 with 6,300,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$520,248$515,614$511,093$506,680$502,371$498,162
2 years$257,549$252,752$248,103$243,596$239,224$234,982
3 years$169,994$165,176$160,539$156,074$151,774$147,630
4 years$126,225$121,422$116,831$112,443$108,246$104,233
5 years$99,970$95,196$90,666$86,367$82,287$78,415
6 years$82,473$77,735$73,272$69,068$65,111$61,386
7 years$69,980$65,282$60,889$56,785$52,953$49,377
8 years$60,614$55,958$51,639$47,635$43,929$40,502
9 years$53,333$48,722$44,476$40,575$36,995$33,715
10 years$47,512$42,946$38,776$34,976$31,521$28,387
11 years$42,753$38,232$34,137$30,439$27,110$24,119
12 years$38,789$34,315$30,296$26,700$23,493$20,642
13 years$35,438$31,011$27,068$23,572$20,486$17,773
14 years$32,569$28,188$24,320$20,924$17,958$15,379
15 years$30,084$25,750$21,958$18,661$15,812$13,363
16 years$27,911$23,625$19,908$16,709$13,974$11,652
17 years$25,997$21,758$18,116$15,013$12,391$10,191
18 years$24,297$20,106$16,537$13,529$11,017$8,936
19 years$22,777$18,634$15,139$12,225$9,820$7,853
20 years$21,412$17,315$13,894$11,072$8,771$6,914
21 years$20,178$16,128$12,780$10,049$7,849$6,098
22 years$19,057$15,055$11,778$9,136$7,036$5,385
23 years$18,036$14,081$10,875$8,321$6,316$4,762
24 years$17,101$13,193$10,058$7,589$5,677$4,216
25 years$16,242$12,381$9,316$6,931$5,108$3,736
26 years$15,451$11,636$8,640$6,337$4,601$3,314
27 years$14,719$10,951$8,023$5,801$4,148$2,941
28 years$14,041$10,319$7,458$5,315$3,743$2,612
29 years$13,411$9,735$6,940$4,874$3,380$2,322
30 years$12,824$9,193$6,465$4,473$3,054$2,064
31 years$12,276$8,691$6,027$4,108$2,761$1,836
32 years$11,763$8,223$5,623$3,775$2,498$1,634
33 years$11,282$7,788$5,250$3,472$2,260$1,455
34 years$10,831$7,381$4,906$3,194$2,047$1,296
35 years$10,406$7,001$4,586$2,940$1,854$1,154
36 years$10,006$6,645$4,291$2,708$1,679$1,028
37 years$9,628$6,311$4,016$2,495$1,522$916
38 years$9,271$5,998$3,761$2,300$1,380$817
39 years$8,933$5,703$3,523$2,121$1,251$728
40 years$8,613$5,426$3,302$1,956$1,135$649
41 years$8,309$5,165$3,097$1,805$1,030$579
42 years$8,021$4,919$2,905$1,665$934$517
43 years$7,746$4,687$2,726$1,537$848$461
44 years$7,485$4,468$2,559$1,419$770$411
45 years$7,236$4,260$2,402$1,311$699$367
46 years$6,999$4,064$2,256$1,211$634$327
47 years$6,773$3,878$2,120$1,119$576$292
48 years$6,556$3,702$1,992$1,034$523$261
49 years$6,349$3,536$1,872$955$475$233
50 years$6,151$3,377$1,760$883$432$208

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $6,300,000, adding $3,084 every year, while hoping to spend $32,542 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: 70/25/5 Blend
68$6,300,000$6,300,000$6,300,000$6,300,000
69$6,945,781$6,611,881$6,514,231$7,428,293
70$7,619,626$6,901,239$6,697,833$8,036,695
71$8,361,113$7,203,684$6,886,496$8,697,836
72$9,177,107$7,519,825$7,080,353$9,420,315
73$10,075,171$7,850,296$7,279,544$10,210,140
74$11,063,641$8,195,763$7,484,212$11,073,922
75$12,151,700$8,556,923$7,694,500$12,018,937
76$13,349,467$8,934,506$7,910,560$13,053,190
77$14,668,093$9,329,277$8,132,544$14,185,490
78$16,119,864$9,742,037$8,360,610$15,425,533
79$17,718,317$10,173,624$8,594,917$16,783,991
80$19,478,371$10,624,917$8,835,633$18,272,610
81$21,416,463$11,096,836$9,082,925$19,904,321
82$23,550,707$11,590,345$9,336,967$21,693,357
83$25,901,060$12,106,454$9,597,937$23,655,390
84$28,489,518$12,646,220$9,866,017$25,807,673
85$31,340,315$13,210,750$10,141,395$28,169,199
86$34,480,156$13,801,206$10,424,261$30,760,885
87$37,938,469$14,418,803$10,714,811$33,605,760
88$41,747,683$15,064,814$11,013,247$36,729,183
89$45,943,530$15,740,574$11,319,774$40,159,080
90$50,565,388$16,447,479$11,634,604$43,926,203
91$55,656,647$17,186,995$11,957,953$48,064,421
92$61,265,123$17,960,656$12,290,042$52,611,031
93$67,443,505$18,770,068$12,631,098$57,607,111
94$74,249,857$19,616,915$12,981,354$63,097,906
95$81,748,160$20,502,962$13,341,047$69,133,246
96$90,008,922$21,430,057$13,710,422$75,768,018
97$99,109,839$22,400,136$14,089,728$83,062,678
98$109,136,530$23,415,230$14,479,222$91,083,818
99$120,183,344$24,477,465$14,879,164$99,904,790
100$132,354,253$25,589,067$15,289,823$109,606,396