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

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 $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%16.1%
1 years$578,053$572,904$567,881$562,978$558,190$544,254
2 years$286,165$280,836$275,670$270,662$265,805$251,853
3 years$188,882$183,529$178,377$173,416$168,637$155,106
4 years$140,249$134,913$129,813$124,936$120,274$107,266
5 years$111,078$105,774$100,740$95,963$91,430$78,983
6 years$91,636$86,372$81,413$76,743$72,346$60,472
7 years$77,755$72,535$67,655$63,094$58,836$47,536
8 years$67,349$62,176$57,376$52,928$48,810$38,080
9 years$59,259$54,135$49,418$45,083$41,105$30,935
10 years$52,792$47,718$43,084$38,862$35,024$25,401
11 years$47,503$42,480$37,930$33,822$30,122$21,033
12 years$43,099$38,128$33,662$29,666$26,103$17,533
13 years$39,376$34,457$30,075$26,191$22,762$14,694
14 years$36,187$31,320$27,023$23,249$19,953$12,369
15 years$33,426$28,611$24,398$20,734$17,568$10,449
16 years$31,013$26,250$22,120$18,565$15,527$8,853
17 years$28,885$24,176$20,128$16,681$13,767$7,520
18 years$26,996$22,339$18,375$15,033$12,241$6,401
19 years$25,308$20,704$16,821$13,583$10,911$5,458
20 years$23,791$19,239$15,438$12,302$9,746$4,661
21 years$22,420$17,921$14,200$11,165$8,721$3,985
22 years$21,175$16,728$13,087$10,152$7,817$3,411
23 years$20,040$15,645$12,084$9,245$7,017$2,922
24 years$19,001$14,659$11,175$8,432$6,307$2,506
25 years$18,047$13,757$10,351$7,701$5,676$2,150
26 years$17,168$12,929$9,600$7,041$5,112$1,845
27 years$16,355$12,168$8,914$6,445$4,609$1,585
28 years$15,601$11,466$8,287$5,905$4,159$1,362
29 years$14,901$10,816$7,712$5,415$3,756$1,170
30 years$14,249$10,215$7,183$4,970$3,393$1,006
31 years$13,640$9,657$6,697$4,564$3,068$865
32 years$13,070$9,137$6,248$4,195$2,775$744
33 years$12,536$8,653$5,834$3,857$2,512$640
34 years$12,034$8,201$5,451$3,549$2,274$551
35 years$11,562$7,779$5,096$3,267$2,060$474
36 years$11,118$7,383$4,767$3,009$1,866$408
37 years$10,698$7,012$4,462$2,772$1,691$351
38 years$10,301$6,664$4,179$2,555$1,533$302
39 years$9,926$6,337$3,915$2,356$1,390$260
40 years$9,570$6,029$3,669$2,173$1,261$224
41 years$9,233$5,739$3,441$2,005$1,144$193
42 years$8,912$5,466$3,228$1,850$1,038$166
43 years$8,607$5,208$3,029$1,708$942$143
44 years$8,317$4,964$2,843$1,577$855$123
45 years$8,041$4,734$2,669$1,457$776$106
46 years$7,777$4,516$2,507$1,345$705$91
47 years$7,525$4,309$2,355$1,243$640$79
48 years$7,285$4,114$2,213$1,149$581$68
49 years$7,055$3,928$2,080$1,062$528$58
50 years$6,834$3,753$1,956$981$480$50

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 $2,181 every year, while hoping to spend $24,468 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: 59/36/5 Blend
68$7,000,000$7,000,000$7,000,000$7,000,000
69$7,716,250$7,345,250$7,236,750$8,164,592
70$8,477,273$7,679,133$7,453,147$8,798,912
71$9,315,101$8,028,557$7,675,974$9,487,188
72$10,237,542$8,394,256$7,905,419$10,236,967
73$11,253,199$8,777,003$8,141,678$11,054,145
74$12,371,553$9,177,604$8,384,952$11,945,202
75$13,603,051$9,596,905$8,635,447$12,917,260
76$14,959,204$10,035,796$8,893,377$13,978,151
77$16,452,697$10,495,203$9,158,959$15,136,483
78$18,097,507$10,976,103$9,432,419$16,401,725
79$19,909,036$11,479,517$9,713,989$17,784,288
80$21,904,258$12,006,513$10,003,908$19,295,624
81$24,101,874$12,558,214$10,302,420$20,948,329
82$26,522,493$13,135,794$10,609,779$22,756,259
83$29,188,826$13,740,487$10,926,245$24,734,659
84$32,125,897$14,373,582$11,252,086$26,900,302
85$35,361,284$15,036,432$11,587,576$29,271,641
86$38,925,374$15,730,457$11,932,999$31,868,986
87$42,851,655$16,457,141$12,288,647$34,714,686
88$47,177,027$17,218,044$12,654,819$37,833,336
89$51,942,153$18,014,798$13,031,825$41,252,008
90$57,191,844$18,849,115$13,419,983$45,000,499
91$62,975,479$19,722,788$13,819,619$49,111,609
92$69,347,471$20,637,699$14,231,070$53,621,444
93$76,367,785$21,595,817$14,654,682$58,569,755
94$84,102,497$22,599,210$15,090,812$64,000,301
95$92,624,423$23,650,043$15,539,826$69,961,263
96$102,013,805$24,750,585$16,002,101$76,505,690
97$112,359,067$25,903,218$16,478,025$83,691,993
98$123,757,651$27,110,435$16,967,998$91,584,488
99$136,316,937$28,374,852$17,472,431$100,254,000
100$150,155,254$29,699,209$17,991,747$109,778,523