Can I retire at age 69 with 6,700,000?

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$553,280$548,351$543,543$538,850$534,267$526,718
2 years$273,901$268,800$263,856$259,063$254,413$246,822
3 years$180,787$175,664$170,732$165,984$161,410$154,013
4 years$134,239$129,131$124,249$119,582$115,119$107,973
5 years$106,317$101,241$96,423$91,850$87,512$80,638
6 years$87,709$82,671$77,924$73,454$69,245$62,651
7 years$74,423$69,427$64,755$60,390$56,315$50,003
8 years$64,463$59,511$54,917$50,660$46,718$40,688
9 years$56,720$51,815$47,300$43,151$39,344$33,592
10 years$50,529$45,673$41,238$37,197$33,523$28,045
11 years$45,467$40,660$36,305$32,372$28,831$23,622
12 years$41,252$36,494$32,220$28,395$24,984$20,038
13 years$37,689$32,980$28,786$25,068$21,787$17,097
14 years$34,636$29,978$25,864$22,253$19,098$14,657
15 years$31,994$27,385$23,352$19,846$16,815$12,616
16 years$29,684$25,125$21,172$17,770$14,862$10,895
17 years$27,647$23,140$19,266$15,966$13,177$9,435
18 years$25,839$21,382$17,587$14,388$11,717$8,191
19 years$24,224$19,817$16,100$13,001$10,443$7,125
20 years$22,771$18,415$14,776$11,775$9,328$6,209
21 years$21,459$17,152$13,591$10,687$8,348$5,419
22 years$20,267$16,011$12,526$9,717$7,482$4,736
23 years$19,181$14,975$11,566$8,849$6,717$4,143
24 years$18,187$14,031$10,696$8,071$6,037$3,629
25 years$17,274$13,167$9,907$7,371$5,432$3,181
26 years$16,432$12,375$9,188$6,739$4,893$2,790
27 years$15,654$11,646$8,532$6,169$4,412$2,449
28 years$14,933$10,974$7,932$5,652$3,981$2,151
29 years$14,263$10,353$7,381$5,183$3,595$1,890
30 years$13,638$9,777$6,875$4,757$3,248$1,661
31 years$13,055$9,243$6,410$4,369$2,936$1,461
32 years$12,510$8,745$5,980$4,015$2,656$1,285
33 years$11,999$8,282$5,584$3,692$2,404$1,131
34 years$11,519$7,850$5,217$3,397$2,176$995
35 years$11,067$7,445$4,878$3,127$1,971$876
36 years$10,641$7,067$4,563$2,880$1,786$771
37 years$10,239$6,712$4,271$2,654$1,619$679
38 years$9,860$6,378$3,999$2,446$1,468$598
39 years$9,500$6,065$3,747$2,255$1,331$527
40 years$9,160$5,771$3,512$2,080$1,207$465
41 years$8,837$5,493$3,293$1,919$1,095$409
42 years$8,530$5,231$3,089$1,771$994$361
43 years$8,238$4,984$2,899$1,635$902$318
44 years$7,961$4,751$2,721$1,510$819$280
45 years$7,696$4,531$2,555$1,394$743$247
46 years$7,444$4,322$2,400$1,288$675$218
47 years$7,203$4,125$2,254$1,190$613$192
48 years$6,972$3,938$2,119$1,099$556$169
49 years$6,752$3,760$1,991$1,016$505$149
50 years$6,542$3,592$1,872$939$459$131

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $6,700,000, adding $2,306 every year, while hoping to spend $55,851 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: 32/44/24 Blend
68$6,700,000$6,700,000$6,700,000$6,700,000
69$7,385,779$7,030,679$6,926,829$7,567,584
70$8,079,703$7,315,757$7,099,452$7,990,534
71$8,842,536$7,612,932$7,275,987$8,440,608
72$9,681,247$7,922,738$7,456,505$8,924,261
73$10,603,514$8,245,733$7,641,078$9,444,476
74$11,617,799$8,582,500$7,829,781$10,004,525
75$12,733,422$8,933,649$8,022,685$10,607,995
76$13,960,652$9,299,819$8,219,866$11,258,819
77$15,310,805$9,681,677$8,421,398$11,961,316
78$16,796,347$10,079,919$8,627,356$12,720,221
79$18,431,016$10,495,277$8,837,814$13,540,735
80$20,229,947$10,928,513$9,052,848$14,428,565
81$22,209,816$11,380,424$9,272,533$15,389,980
82$24,388,999$11,851,847$9,496,944$16,431,863
83$26,787,742$12,343,653$9,726,157$17,561,777
84$29,428,356$12,856,756$9,960,248$18,788,029
85$32,335,423$13,392,112$10,199,291$20,119,748
86$35,536,030$13,950,719$10,443,361$21,566,966
87$39,060,025$14,533,624$10,692,533$23,140,709
88$42,940,295$15,141,919$10,946,880$24,853,098
89$47,213,082$15,776,749$11,206,477$26,717,460
90$51,918,318$16,439,312$11,471,396$28,748,447
91$57,100,008$17,130,860$11,741,709$30,962,174
92$62,806,640$17,852,703$12,017,488$33,376,362
93$69,091,645$18,606,213$12,298,801$36,010,504
94$76,013,900$19,392,825$12,585,719$38,886,042
95$83,638,285$20,214,041$12,878,307$42,026,564
96$92,036,293$21,071,432$13,176,633$45,458,024
97$101,286,705$21,966,642$13,480,761$49,208,979
98$111,476,334$22,901,393$13,790,752$53,310,853
99$122,700,844$23,877,485$14,106,666$57,798,227
100$135,065,654$24,896,805$14,428,563$62,709,161