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%11.2%
1 years$528,506$523,798$519,205$514,722$510,345$507,767
2 years$261,637$256,764$252,041$247,463$243,021$240,420
3 years$172,692$167,798$163,088$158,552$154,183$151,638
4 years$128,228$123,349$118,686$114,228$109,964$107,496
5 years$101,557$96,707$92,105$87,738$83,593$81,209
6 years$83,782$78,969$74,435$70,165$66,144$63,847
7 years$71,090$66,318$61,856$57,686$53,793$51,583
8 years$61,576$56,847$52,458$48,392$44,627$42,505
9 years$54,180$49,495$45,182$41,219$37,582$35,548
10 years$48,267$43,628$39,391$35,531$32,022$30,074
11 years$43,432$38,839$34,679$30,923$27,540$25,677
12 years$39,405$34,860$30,777$27,123$23,865$22,087
13 years$36,001$31,503$27,497$23,946$20,811$19,114
14 years$33,086$28,636$24,706$21,256$18,243$16,626
15 years$30,561$26,159$22,306$18,957$16,062$14,524
16 years$28,354$24,000$20,224$16,974$14,196$12,734
17 years$26,409$22,104$18,403$15,251$12,587$11,199
18 years$24,682$20,425$16,800$13,744$11,192$9,875
19 years$23,139$18,929$15,379$12,419$9,976$8,728
20 years$21,752$17,590$14,114$11,248$8,910$7,729
21 years$20,498$16,384$12,982$10,208$7,974$6,857
22 years$19,360$15,294$11,965$9,282$7,147$6,092
23 years$18,322$14,304$11,048$8,453$6,416$5,420
24 years$17,373$13,402$10,217$7,709$5,767$4,828
25 years$16,500$12,577$9,463$7,041$5,189$4,305
26 years$15,696$11,821$8,777$6,438$4,674$3,842
27 years$14,953$11,125$8,150$5,893$4,214$3,432
28 years$14,264$10,483$7,577$5,399$3,803$3,067
29 years$13,624$9,889$7,051$4,951$3,434$2,744
30 years$13,028$9,339$6,567$4,544$3,103$2,455
31 years$12,471$8,829$6,123$4,173$2,805$2,198
32 years$11,950$8,354$5,712$3,835$2,537$1,969
33 years$11,461$7,911$5,334$3,527$2,296$1,765
34 years$11,003$7,498$4,984$3,245$2,079$1,582
35 years$10,571$7,112$4,659$2,987$1,883$1,419
36 years$10,165$6,750$4,359$2,751$1,706$1,273
37 years$9,781$6,411$4,080$2,535$1,546$1,142
38 years$9,418$6,093$3,820$2,336$1,402$1,025
39 years$9,075$5,794$3,579$2,154$1,271$920
40 years$8,750$5,512$3,355$1,987$1,153$826
41 years$8,441$5,247$3,146$1,833$1,046$742
42 years$8,148$4,997$2,951$1,692$949$666
43 years$7,869$4,761$2,769$1,562$861$598
44 years$7,604$4,538$2,599$1,442$782$537
45 years$7,351$4,328$2,441$1,332$710$483
46 years$7,110$4,129$2,292$1,230$645$434
47 years$6,880$3,940$2,153$1,137$585$390
48 years$6,660$3,761$2,024$1,050$532$350
49 years$6,450$3,592$1,902$971$483$315
50 years$6,249$3,431$1,788$897$438$283

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 $3,798 every year, while hoping to spend $25,203 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: 61/13/26 Blend
68$6,400,000$6,400,000$6,400,000$6,400,000
69$7,056,718$6,717,518$6,618,318$7,437,840
70$7,749,687$7,019,860$6,813,215$7,999,645
71$8,512,495$7,336,173$7,013,798$8,609,519
72$9,352,237$7,667,114$7,220,228$9,274,678
73$10,276,735$8,013,372$7,432,675$10,000,519
74$11,294,604$8,375,669$7,651,312$10,792,980
75$12,415,340$8,754,763$7,876,317$11,658,593
76$13,649,404$9,151,446$8,107,874$12,604,549
77$15,008,326$9,566,549$8,346,170$13,638,762
78$16,504,808$10,000,943$8,591,399$14,769,942
79$18,152,849$10,455,539$8,843,761$16,007,677
80$19,967,873$10,931,294$9,103,461$17,362,522
81$21,966,877$11,429,209$9,370,708$18,846,094
82$24,168,592$11,950,334$9,645,721$20,471,187
83$26,593,657$12,495,769$9,928,720$22,251,885
84$29,264,814$13,066,665$10,219,936$24,203,693
85$32,207,125$13,664,232$10,519,604$26,343,688
86$35,448,206$14,289,734$10,827,966$28,690,671
87$39,018,491$14,944,498$11,145,270$31,265,348
88$42,951,513$15,629,915$11,471,773$34,090,520
89$47,284,227$16,347,441$11,807,737$37,191,297
90$52,057,356$17,098,603$12,153,434$40,595,336
91$57,315,773$17,885,001$12,509,140$44,333,093
92$63,108,928$18,708,312$12,875,143$48,438,117
93$69,491,314$19,570,295$13,251,736$52,947,356
94$76,522,980$20,472,791$13,639,220$57,901,510
95$84,270,097$21,417,731$14,037,908$63,345,408
96$92,805,586$22,407,139$14,448,117$69,328,429
97$102,209,803$23,443,136$14,870,176$75,904,968
98$112,571,299$24,527,946$15,304,423$83,134,946
99$123,987,654$25,663,898$15,751,204$91,084,368
100$136,566,402$26,853,436$16,210,876$99,825,950