Can I retire at age 69 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$545,022$540,167$535,431$530,807$526,293$511,910
2 years$269,813$264,788$259,918$255,196$250,616$236,230
3 years$178,088$173,042$168,184$163,506$159,001$145,063
4 years$132,235$127,204$122,395$117,797$113,401$100,017
5 years$104,731$99,729$94,983$90,480$86,206$73,414
6 years$86,400$81,437$76,761$72,357$68,211$56,023
7 years$73,312$68,390$63,789$59,489$55,474$43,890
8 years$63,500$58,623$54,098$49,904$46,021$35,035
9 years$55,873$51,042$46,594$42,507$38,757$28,359
10 years$49,775$44,991$40,622$36,641$33,022$23,199
11 years$44,789$40,053$35,763$31,889$28,400$19,136
12 years$40,637$35,949$31,739$27,971$24,611$15,889
13 years$37,126$32,488$28,356$24,694$21,461$13,262
14 years$34,119$29,530$25,478$21,921$18,813$11,118
15 years$31,516$26,977$23,004$19,549$16,564$9,353
16 years$29,240$24,750$20,856$17,504$14,640$7,891
17 years$27,235$22,794$18,978$15,728$12,981$6,673
18 years$25,454$21,063$17,325$14,174$11,542$5,655
19 years$23,862$19,521$15,860$12,807$10,287$4,801
20 years$22,431$18,140$14,555$11,599$9,189$4,081
21 years$21,139$16,896$13,388$10,527$8,223$3,473
22 years$19,965$15,772$12,339$9,572$7,371$2,959
23 years$18,895$14,751$11,393$8,717$6,616$2,523
24 years$17,915$13,821$10,537$7,950$5,947$2,153
25 years$17,016$12,970$9,759$7,261$5,351$1,838
26 years$16,187$12,190$9,051$6,639$4,820$1,570
27 years$15,420$11,472$8,405$6,077$4,346$1,342
28 years$14,710$10,810$7,813$5,568$3,921$1,147
29 years$14,050$10,198$7,271$5,106$3,541$981
30 years$13,435$9,631$6,773$4,686$3,199$840
31 years$12,861$9,105$6,314$4,303$2,893$718
32 years$12,323$8,615$5,891$3,955$2,617$615
33 years$11,820$8,158$5,500$3,637$2,368$526
34 years$11,347$7,732$5,139$3,346$2,144$451
35 years$10,902$7,334$4,805$3,080$1,942$386
36 years$10,482$6,961$4,495$2,837$1,759$330
37 years$10,087$6,611$4,207$2,614$1,595$283
38 years$9,713$6,283$3,940$2,409$1,446$242
39 years$9,359$5,975$3,691$2,221$1,311$208
40 years$9,023$5,684$3,460$2,049$1,189$178
41 years$8,705$5,411$3,244$1,890$1,079$152
42 years$8,403$5,153$3,043$1,745$979$130
43 years$8,115$4,910$2,856$1,611$888$112
44 years$7,842$4,680$2,680$1,487$806$96
45 years$7,581$4,463$2,517$1,373$732$82
46 years$7,332$4,258$2,364$1,269$665$70
47 years$7,095$4,063$2,221$1,172$604$60
48 years$6,868$3,879$2,087$1,083$548$52
49 years$6,651$3,704$1,962$1,001$498$44
50 years$6,444$3,538$1,844$925$452$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $6,600,000, adding $6,529 every year, while hoping to spend $48,317 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: 74/12/14 Blend
68$6,600,000$6,600,000$6,600,000$6,600,000
69$7,279,935$6,930,135$6,827,835$7,796,346
70$7,971,079$7,218,302$7,005,158$8,426,896
71$8,731,101$7,518,971$7,186,803$9,110,948
72$9,566,974$7,832,702$7,372,862$9,859,143
73$10,486,384$8,160,082$7,563,431$10,677,836
74$11,497,796$8,501,728$7,758,607$11,574,021
75$12,610,539$8,858,280$7,958,488$12,555,402
76$13,834,891$9,230,412$8,163,174$13,630,459
77$15,182,176$9,618,829$8,372,767$14,808,531
78$16,664,872$10,024,265$8,587,369$16,099,900
79$18,296,728$10,447,493$8,807,084$17,515,891
80$20,092,892$10,889,318$9,032,019$19,068,974
81$22,070,057$11,350,585$9,262,282$20,772,883
82$24,246,615$11,832,175$9,497,980$22,642,745
83$26,642,832$12,335,014$9,739,225$24,695,217
84$29,281,039$12,860,069$9,986,128$26,948,649
85$32,185,845$13,408,351$10,238,802$29,423,252
86$35,384,361$13,980,921$10,497,362$32,141,287
87$38,906,466$14,578,887$10,761,925$35,127,273
88$42,785,083$15,203,409$11,032,606$38,408,223
89$47,056,488$15,855,703$11,309,525$42,013,891
90$51,760,658$16,537,040$11,592,802$45,977,052
91$56,941,641$17,248,751$11,882,557$50,333,815
92$62,647,979$17,992,231$12,178,914$55,123,955
93$68,933,160$18,768,937$12,481,994$60,391,294
94$75,856,124$19,580,396$12,791,922$66,184,108
95$83,481,822$20,428,209$13,108,825$72,555,580
96$91,881,824$21,314,048$13,432,827$79,564,306
97$101,135,000$22,239,666$13,764,057$87,274,841
98$111,328,259$23,206,898$14,102,641$95,758,306
99$122,557,370$24,217,665$14,448,709$105,093,062
100$134,927,871$25,273,980$14,802,389$115,365,443