Can I retire at age 69 with 6,400,000?

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$528,506$523,798$519,205$514,722$510,345$503,550
2 years$261,637$256,764$252,041$247,463$243,021$236,187
3 years$172,692$167,798$163,088$158,552$154,183$147,521
4 years$128,228$123,349$118,686$114,228$109,964$103,526
5 years$101,557$96,707$92,105$87,738$83,593$77,397
6 years$83,782$78,969$74,435$70,165$66,144$60,198
7 years$71,090$66,318$61,856$57,686$53,793$48,099
8 years$61,576$56,847$52,458$48,392$44,627$39,184
9 years$54,180$49,495$45,182$41,219$37,582$32,388
10 years$48,267$43,628$39,391$35,531$32,022$27,073
11 years$43,432$38,839$34,679$30,923$27,540$22,832
12 years$39,405$34,860$30,777$27,123$23,865$19,393
13 years$36,001$31,503$27,497$23,946$20,811$16,568
14 years$33,086$28,636$24,706$21,256$18,243$14,222
15 years$30,561$26,159$22,306$18,957$16,062$12,258
16 years$28,354$24,000$20,224$16,974$14,196$10,601
17 years$26,409$22,104$18,403$15,251$12,587$9,194
18 years$24,682$20,425$16,800$13,744$11,192$7,993
19 years$23,139$18,929$15,379$12,419$9,976$6,963
20 years$21,752$17,590$14,114$11,248$8,910$6,077
21 years$20,498$16,384$12,982$10,208$7,974$5,312
22 years$19,360$15,294$11,965$9,282$7,147$4,649
23 years$18,322$14,304$11,048$8,453$6,416$4,074
24 years$17,373$13,402$10,217$7,709$5,767$3,573
25 years$16,500$12,577$9,463$7,041$5,189$3,137
26 years$15,696$11,821$8,777$6,438$4,674$2,756
27 years$14,953$11,125$8,150$5,893$4,214$2,423
28 years$14,264$10,483$7,577$5,399$3,803$2,131
29 years$13,624$9,889$7,051$4,951$3,434$1,876
30 years$13,028$9,339$6,567$4,544$3,103$1,652
31 years$12,471$8,829$6,123$4,173$2,805$1,455
32 years$11,950$8,354$5,712$3,835$2,537$1,282
33 years$11,461$7,911$5,334$3,527$2,296$1,130
34 years$11,003$7,498$4,984$3,245$2,079$996
35 years$10,571$7,112$4,659$2,987$1,883$878
36 years$10,165$6,750$4,359$2,751$1,706$775
37 years$9,781$6,411$4,080$2,535$1,546$684
38 years$9,418$6,093$3,820$2,336$1,402$603
39 years$9,075$5,794$3,579$2,154$1,271$532
40 years$8,750$5,512$3,355$1,987$1,153$470
41 years$8,441$5,247$3,146$1,833$1,046$415
42 years$8,148$4,997$2,951$1,692$949$366
43 years$7,869$4,761$2,769$1,562$861$323
44 years$7,604$4,538$2,599$1,442$782$285
45 years$7,351$4,328$2,441$1,332$710$252
46 years$7,110$4,129$2,292$1,230$645$222
47 years$6,880$3,940$2,153$1,137$585$196
48 years$6,660$3,761$2,024$1,050$532$173
49 years$6,450$3,592$1,902$971$483$153
50 years$6,249$3,431$1,788$897$438$135

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $6,400,000, adding $3,917 every year, while hoping to spend $44,799 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: 67/23/10 Blend
68$6,400,000$6,400,000$6,400,000$6,400,000
69$7,056,840$6,717,640$6,618,440$7,514,793
70$7,728,972$6,999,139$6,792,492$8,101,250
71$8,468,160$7,292,930$6,970,874$8,736,465
72$9,281,197$7,599,567$7,153,682$9,429,767
73$10,175,565$7,919,632$7,341,017$10,186,830
74$11,159,511$8,253,733$7,532,979$11,013,902
75$12,242,120$8,602,504$7,729,673$11,917,853
76$13,433,402$8,966,613$7,931,202$12,906,245
77$14,744,386$9,346,753$8,137,674$13,987,403
78$16,187,224$9,743,656$8,349,198$15,170,484
79$17,775,308$10,158,082$8,565,883$16,465,573
80$19,523,392$10,590,830$8,787,842$17,883,766
81$21,447,732$11,042,735$9,015,190$19,437,281
82$23,566,244$11,514,672$9,248,041$21,139,568
83$25,898,665$12,007,555$9,486,515$23,005,433
84$28,466,746$12,522,343$9,730,730$25,051,178
85$31,294,454$13,060,037$9,980,809$27,294,755
86$34,408,196$13,621,687$10,236,875$29,755,928
87$37,837,075$14,208,392$10,499,052$32,456,461
88$41,613,155$14,821,302$10,767,469$35,420,321
89$45,771,771$15,461,620$11,042,254$38,673,900
90$50,351,860$16,130,608$11,323,537$42,246,264
91$55,396,325$16,829,583$11,611,452$46,169,424
92$60,952,446$17,559,929$11,906,131$50,478,635
93$67,072,321$18,323,091$12,207,712$55,212,727
94$73,813,360$19,120,584$12,516,332$60,414,466
95$81,238,823$19,953,993$12,832,130$66,130,959
96$89,418,423$20,824,979$13,155,246$72,414,093
97$98,428,980$21,735,281$13,485,825$79,321,020
98$108,355,144$22,686,718$13,824,008$86,914,697
99$119,290,200$23,681,198$14,169,943$95,264,473
100$131,336,940$24,720,716$14,523,776$104,446,742