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

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$520,248$515,614$511,093$506,680$502,371$496,299
2 years$257,549$252,752$248,103$243,596$239,224$233,114
3 years$169,994$165,176$160,539$156,074$151,774$145,814
4 years$126,225$121,422$116,831$112,443$108,246$102,484
5 years$99,970$95,196$90,666$86,367$82,287$76,738
6 years$82,473$77,735$73,272$69,068$65,111$59,783
7 years$69,980$65,282$60,889$56,785$52,953$47,847
8 years$60,614$55,958$51,639$47,635$43,929$39,046
9 years$53,333$48,722$44,476$40,575$36,995$32,331
10 years$47,512$42,946$38,776$34,976$31,521$27,075
11 years$42,753$38,232$34,137$30,439$27,110$22,876
12 years$38,789$34,315$30,296$26,700$23,493$19,467
13 years$35,438$31,011$27,068$23,572$20,486$16,664
14 years$32,569$28,188$24,320$20,924$17,958$14,334
15 years$30,084$25,750$21,958$18,661$15,812$12,379
16 years$27,911$23,625$19,908$16,709$13,974$10,728
17 years$25,997$21,758$18,116$15,013$12,391$9,324
18 years$24,297$20,106$16,537$13,529$11,017$8,123
19 years$22,777$18,634$15,139$12,225$9,820$7,092
20 years$21,412$17,315$13,894$11,072$8,771$6,203
21 years$20,178$16,128$12,780$10,049$7,849$5,434
22 years$19,057$15,055$11,778$9,136$7,036$4,767
23 years$18,036$14,081$10,875$8,321$6,316$4,187
24 years$17,101$13,193$10,058$7,589$5,677$3,681
25 years$16,242$12,381$9,316$6,931$5,108$3,239
26 years$15,451$11,636$8,640$6,337$4,601$2,852
27 years$14,719$10,951$8,023$5,801$4,148$2,514
28 years$14,041$10,319$7,458$5,315$3,743$2,217
29 years$13,411$9,735$6,940$4,874$3,380$1,956
30 years$12,824$9,193$6,465$4,473$3,054$1,726
31 years$12,276$8,691$6,027$4,108$2,761$1,524
32 years$11,763$8,223$5,623$3,775$2,498$1,346
33 years$11,282$7,788$5,250$3,472$2,260$1,190
34 years$10,831$7,381$4,906$3,194$2,047$1,052
35 years$10,406$7,001$4,586$2,940$1,854$930
36 years$10,006$6,645$4,291$2,708$1,679$822
37 years$9,628$6,311$4,016$2,495$1,522$727
38 years$9,271$5,998$3,761$2,300$1,380$643
39 years$8,933$5,703$3,523$2,121$1,251$569
40 years$8,613$5,426$3,302$1,956$1,135$503
41 years$8,309$5,165$3,097$1,805$1,030$446
42 years$8,021$4,919$2,905$1,665$934$394
43 years$7,746$4,687$2,726$1,537$848$349
44 years$7,485$4,468$2,559$1,419$770$309
45 years$7,236$4,260$2,402$1,311$699$273
46 years$6,999$4,064$2,256$1,211$634$242
47 years$6,773$3,878$2,120$1,119$576$214
48 years$6,556$3,702$1,992$1,034$523$190
49 years$6,349$3,536$1,872$955$475$168
50 years$6,151$3,377$1,760$883$432$149

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 $5,267 every year, while hoping to spend $50,685 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: 63/13/24 Blend
68$6,300,000$6,300,000$6,300,000$6,300,000
69$6,948,033$6,614,133$6,516,483$7,341,632
70$7,602,804$6,884,297$6,680,857$7,878,496
71$8,322,663$7,166,000$6,849,038$8,458,531
72$9,114,195$7,459,755$7,021,101$9,090,936
73$9,984,656$7,766,096$7,197,121$9,780,840
74$10,942,039$8,085,583$7,377,174$10,533,888
75$11,995,153$8,418,803$7,561,335$11,356,295
76$13,153,700$8,766,366$7,749,681$12,254,899
77$14,428,374$9,128,913$7,942,291$13,237,230
78$15,830,953$9,507,115$8,139,243$14,311,578
79$17,374,418$9,901,672$8,340,616$15,487,069
80$19,073,071$10,313,316$8,546,489$16,773,753
81$20,942,670$10,742,814$8,756,942$18,182,695
82$23,000,579$11,190,969$8,972,056$19,726,078
83$25,265,929$11,658,618$9,191,911$21,417,321
84$27,759,804$12,146,640$9,416,590$23,271,199
85$30,505,431$12,655,952$9,646,173$25,303,985
86$33,528,407$13,187,516$9,880,742$27,533,601
87$36,856,936$13,742,336$10,120,378$29,979,785
88$40,522,097$14,321,464$10,365,165$32,664,279
89$44,558,136$14,926,001$10,615,183$35,611,028
90$49,002,789$15,557,098$10,870,514$38,846,409
91$53,897,637$16,215,959$11,131,240$42,399,474
92$59,288,502$16,903,847$11,397,443$46,302,228
93$65,225,874$17,622,080$11,669,202$50,589,925
94$71,765,391$18,372,041$11,946,598$55,301,401
95$78,968,363$19,155,173$12,229,711$60,479,436
96$86,902,350$19,972,990$12,518,620$66,171,163
97$95,641,798$20,827,075$12,813,403$72,428,501
98$105,268,746$21,719,086$13,114,136$79,308,652
99$115,873,594$22,650,757$13,420,896$86,874,633
100$127,555,961$23,623,905$13,733,756$95,195,871