Can I retire at age 69 with 7,000,000?

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 $7,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$578,053$572,904$567,881$562,978$558,190$551,672
2 years$286,165$280,836$275,670$270,662$265,805$259,244
3 years$188,882$183,529$178,377$173,416$168,637$162,238
4 years$140,249$134,913$129,813$124,936$120,274$114,085
5 years$111,078$105,774$100,740$95,963$91,430$85,470
6 years$91,636$86,372$81,413$76,743$72,346$66,621
7 years$77,755$72,535$67,655$63,094$58,836$53,349
8 years$67,349$62,176$57,376$52,928$48,810$43,561
9 years$59,259$54,135$49,418$45,083$41,105$36,092
10 years$52,792$47,718$43,084$38,862$35,024$30,242
11 years$47,503$42,480$37,930$33,822$30,122$25,568
12 years$43,099$38,128$33,662$29,666$26,103$21,772
13 years$39,376$34,457$30,075$26,191$22,762$18,649
14 years$36,187$31,320$27,023$23,249$19,953$16,052
15 years$33,426$28,611$24,398$20,734$17,568$13,872
16 years$31,013$26,250$22,120$18,565$15,527$12,030
17 years$28,885$24,176$20,128$16,681$13,767$10,463
18 years$26,996$22,339$18,375$15,033$12,241$9,122
19 years$25,308$20,704$16,821$13,583$10,911$7,970
20 years$23,791$19,239$15,438$12,302$9,746$6,976
21 years$22,420$17,921$14,200$11,165$8,721$6,116
22 years$21,175$16,728$13,087$10,152$7,817$5,369
23 years$20,040$15,645$12,084$9,245$7,017$4,719
24 years$19,001$14,659$11,175$8,432$6,307$4,152
25 years$18,047$13,757$10,351$7,701$5,676$3,657
26 years$17,168$12,929$9,600$7,041$5,112$3,223
27 years$16,355$12,168$8,914$6,445$4,609$2,842
28 years$15,601$11,466$8,287$5,905$4,159$2,508
29 years$14,901$10,816$7,712$5,415$3,756$2,215
30 years$14,249$10,215$7,183$4,970$3,393$1,957
31 years$13,640$9,657$6,697$4,564$3,068$1,729
32 years$13,070$9,137$6,248$4,195$2,775$1,529
33 years$12,536$8,653$5,834$3,857$2,512$1,352
34 years$12,034$8,201$5,451$3,549$2,274$1,196
35 years$11,562$7,779$5,096$3,267$2,060$1,058
36 years$11,118$7,383$4,767$3,009$1,866$936
37 years$10,698$7,012$4,462$2,772$1,691$829
38 years$10,301$6,664$4,179$2,555$1,533$734
39 years$9,926$6,337$3,915$2,356$1,390$650
40 years$9,570$6,029$3,669$2,173$1,261$576
41 years$9,233$5,739$3,441$2,005$1,144$510
42 years$8,912$5,466$3,228$1,850$1,038$452
43 years$8,607$5,208$3,029$1,708$942$400
44 years$8,317$4,964$2,843$1,577$855$354
45 years$8,041$4,734$2,669$1,457$776$314
46 years$7,777$4,516$2,507$1,345$705$278
47 years$7,525$4,309$2,355$1,243$640$247
48 years$7,285$4,114$2,213$1,149$581$218
49 years$7,055$3,928$2,080$1,062$528$194
50 years$6,834$3,753$1,956$981$480$172

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $7,000,000, adding $6,429 every year, while hoping to spend $53,095 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: 63/17/20 Blend
68$7,000,000$7,000,000$7,000,000$7,000,000
69$7,720,632$7,349,632$7,241,132$8,167,001
70$8,451,643$7,653,271$7,427,217$8,772,131
71$9,255,439$7,970,009$7,617,756$9,426,183
72$10,139,386$8,300,432$7,812,843$10,139,267
73$11,111,602$8,645,152$8,012,572$10,917,145
74$12,181,031$9,004,810$8,217,039$11,766,163
75$13,357,527$9,380,077$8,426,342$12,693,302
76$14,651,949$9,771,654$8,640,577$13,706,244
77$16,076,257$10,180,274$8,859,846$14,813,446
78$17,643,634$10,606,707$9,084,250$16,024,219
79$19,368,603$11,051,753$9,313,890$17,348,808
80$21,267,166$11,516,255$9,548,871$18,798,496
81$23,356,956$12,001,091$9,789,298$20,385,703
82$25,657,401$12,507,180$10,035,275$22,124,103
83$28,189,911$13,035,486$10,286,911$24,028,754
84$30,978,072$13,587,016$10,544,314$26,116,234
85$34,047,880$14,162,824$10,807,592$28,404,799
86$37,427,974$14,764,012$11,076,857$30,914,555
87$41,149,915$15,391,736$11,352,219$33,667,641
88$45,248,478$16,047,204$11,633,791$36,688,439
89$49,761,986$16,731,679$11,921,685$40,003,804
90$54,732,663$17,446,486$12,216,016$43,643,310
91$60,207,040$18,193,010$12,516,899$47,639,534
92$66,236,391$18,972,700$12,824,447$52,028,354
93$72,877,215$19,787,074$13,138,778$56,849,291
94$80,191,771$20,637,721$13,460,008$62,145,876
95$88,248,666$21,526,304$13,788,252$67,966,062
96$97,123,500$22,454,563$14,123,629$74,362,670
97$106,899,582$23,424,321$14,466,255$81,393,887
98$117,668,713$24,437,487$14,816,248$89,123,811
99$129,532,054$25,496,056$15,173,725$97,623,056
100$142,601,082$26,602,121$15,538,804$106,969,412