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

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$528,506$523,798$519,205$514,722$510,345$502,926
2 years$261,637$256,764$252,041$247,463$243,021$235,563
3 years$172,692$167,798$163,088$158,552$154,183$146,916
4 years$128,228$123,349$118,686$114,228$109,964$102,946
5 years$101,557$96,707$92,105$87,738$83,593$76,843
6 years$83,782$78,969$74,435$70,165$66,144$59,670
7 years$71,090$66,318$61,856$57,686$53,793$47,597
8 years$61,576$56,847$52,458$48,392$44,627$38,708
9 years$54,180$49,495$45,182$41,219$37,582$31,938
10 years$48,267$43,628$39,391$35,531$32,022$26,649
11 years$43,432$38,839$34,679$30,923$27,540$22,432
12 years$39,405$34,860$30,777$27,123$23,865$19,016
13 years$36,001$31,503$27,497$23,946$20,811$16,214
14 years$33,086$28,636$24,706$21,256$18,243$13,891
15 years$30,561$26,159$22,306$18,957$16,062$11,948
16 years$28,354$24,000$20,224$16,974$14,196$10,311
17 years$26,409$22,104$18,403$15,251$12,587$8,924
18 years$24,682$20,425$16,800$13,744$11,192$7,741
19 years$23,139$18,929$15,379$12,419$9,976$6,729
20 years$21,752$17,590$14,114$11,248$8,910$5,860
21 years$20,498$16,384$12,982$10,208$7,974$5,110
22 years$19,360$15,294$11,965$9,282$7,147$4,462
23 years$18,322$14,304$11,048$8,453$6,416$3,901
24 years$17,373$13,402$10,217$7,709$5,767$3,414
25 years$16,500$12,577$9,463$7,041$5,189$2,990
26 years$15,696$11,821$8,777$6,438$4,674$2,621
27 years$14,953$11,125$8,150$5,893$4,214$2,298
28 years$14,264$10,483$7,577$5,399$3,803$2,017
29 years$13,624$9,889$7,051$4,951$3,434$1,771
30 years$13,028$9,339$6,567$4,544$3,103$1,555
31 years$12,471$8,829$6,123$4,173$2,805$1,367
32 years$11,950$8,354$5,712$3,835$2,537$1,201
33 years$11,461$7,911$5,334$3,527$2,296$1,056
34 years$11,003$7,498$4,984$3,245$2,079$929
35 years$10,571$7,112$4,659$2,987$1,883$817
36 years$10,165$6,750$4,359$2,751$1,706$719
37 years$9,781$6,411$4,080$2,535$1,546$632
38 years$9,418$6,093$3,820$2,336$1,402$557
39 years$9,075$5,794$3,579$2,154$1,271$490
40 years$8,750$5,512$3,355$1,987$1,153$431
41 years$8,441$5,247$3,146$1,833$1,046$380
42 years$8,148$4,997$2,951$1,692$949$334
43 years$7,869$4,761$2,769$1,562$861$294
44 years$7,604$4,538$2,599$1,442$782$259
45 years$7,351$4,328$2,441$1,332$710$228
46 years$7,110$4,129$2,292$1,230$645$201
47 years$6,880$3,940$2,153$1,137$585$177
48 years$6,660$3,761$2,024$1,050$532$156
49 years$6,450$3,592$1,902$971$483$137
50 years$6,249$3,431$1,788$897$438$121

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 $4,356 every year, while hoping to spend $23,991 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: 58/28/14 Blend
68$6,400,000$6,400,000$6,400,000$6,400,000
69$7,057,293$6,718,093$6,618,893$7,441,317
70$7,751,611$7,021,754$6,815,100$8,005,006
71$8,515,945$7,339,489$7,017,075$8,616,149
72$9,357,412$7,671,964$7,224,988$9,281,783
73$10,283,852$8,019,875$7,439,010$10,007,148
74$11,303,907$8,383,952$7,659,319$10,798,008
75$12,427,098$8,764,957$7,886,098$11,660,699
76$13,663,915$9,163,693$8,119,535$12,602,188
77$15,025,919$9,580,999$8,359,824$13,630,140
78$16,525,848$10,017,753$8,607,164$14,752,984
79$18,177,740$10,474,878$8,861,759$15,979,991
80$19,997,061$10,953,339$9,123,820$17,321,362
81$22,000,857$11,454,148$9,393,563$18,788,320
82$24,207,909$11,978,366$9,671,212$20,393,213
83$26,638,913$12,527,104$9,956,995$22,149,630
84$29,316,677$13,101,526$10,251,149$24,072,523
85$32,266,331$13,702,854$10,553,916$26,178,350
86$35,515,570$14,332,367$10,865,545$28,485,223
87$39,094,911$14,991,405$11,186,293$31,013,078
88$43,037,981$15,681,374$11,516,424$33,783,861
89$47,381,840$16,403,746$11,856,209$36,821,730
90$52,167,323$17,160,065$12,205,927$40,153,278
91$57,439,430$17,951,948$12,565,866$43,807,785
92$63,247,750$18,781,092$12,936,320$47,817,488
93$69,646,927$19,649,272$13,317,594$52,217,878
94$76,697,180$20,558,353$13,709,999$57,048,037
95$84,464,866$21,510,285$14,113,858$62,350,998
96$93,023,110$22,507,117$14,529,500$68,174,149
97$102,452,493$23,550,992$14,957,264$74,569,674
98$112,841,817$24,644,160$15,397,502$81,595,041
99$124,288,935$25,788,976$15,850,571$89,313,540
100$136,901,682$26,987,912$16,316,841$97,794,873