Can I retire at age 69 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$586,311$581,089$575,993$571,020$566,164$554,506
2 years$290,253$284,847$279,608$274,529$269,602$257,910
3 years$191,580$186,151$180,925$175,893$171,047$159,685
4 years$142,253$136,841$131,667$126,721$121,992$111,048
5 years$112,665$107,285$102,179$97,334$92,736$82,242
6 years$92,945$87,606$82,576$77,839$73,379$63,345
7 years$78,866$73,571$68,621$63,996$59,677$50,105
8 years$68,311$63,064$58,196$53,684$49,508$40,396
9 years$60,106$54,909$50,124$45,727$41,693$33,034
10 years$53,546$48,399$43,699$39,417$35,524$27,311
11 years$48,182$43,087$38,472$34,305$30,552$22,773
12 years$43,715$38,673$34,143$30,090$26,476$19,120
13 years$39,939$34,949$30,505$26,565$23,087$16,142
14 years$36,704$31,768$27,409$23,581$20,238$13,690
15 years$33,904$29,020$24,746$21,030$17,819$11,654
16 years$31,456$26,625$22,436$18,830$15,749$9,952
17 years$29,298$24,521$20,416$16,919$13,964$8,521
18 years$27,382$22,659$18,637$15,247$12,416$7,312
19 years$25,670$21,000$17,061$13,777$11,067$6,286
20 years$24,131$19,514$15,658$12,478$9,885$5,413
21 years$22,740$18,177$14,402$11,325$8,846$4,667
22 years$21,477$16,967$13,274$10,297$7,929$4,029
23 years$20,326$15,869$12,256$9,377$7,118$3,481
24 years$19,273$14,868$11,335$8,553$6,398$3,011
25 years$18,305$13,953$10,498$7,811$5,757$2,606
26 years$17,413$13,114$9,737$7,142$5,186$2,257
27 years$16,589$12,341$9,041$6,537$4,675$1,955
28 years$15,824$11,629$8,405$5,989$4,218$1,695
29 years$15,114$10,971$7,822$5,492$3,809$1,470
30 years$14,453$10,361$7,286$5,041$3,442$1,275
31 years$13,835$9,794$6,792$4,629$3,112$1,107
32 years$13,257$9,268$6,337$4,255$2,815$961
33 years$12,715$8,777$5,917$3,912$2,547$834
34 years$12,206$8,318$5,529$3,600$2,306$724
35 years$11,728$7,890$5,169$3,314$2,089$629
36 years$11,276$7,488$4,835$3,052$1,893$547
37 years$10,851$7,112$4,526$2,812$1,715$475
38 years$10,448$6,759$4,238$2,592$1,555$413
39 years$10,068$6,427$3,971$2,390$1,410$359
40 years$9,707$6,115$3,722$2,204$1,279$312
41 years$9,364$5,821$3,490$2,034$1,161$271
42 years$9,039$5,544$3,274$1,877$1,053$235
43 years$8,730$5,282$3,072$1,733$956$205
44 years$8,436$5,035$2,883$1,600$867$178
45 years$8,155$4,801$2,707$1,477$788$155
46 years$7,888$4,580$2,543$1,365$715$134
47 years$7,633$4,371$2,389$1,261$649$117
48 years$7,389$4,173$2,245$1,165$590$102
49 years$7,155$3,985$2,110$1,077$536$88
50 years$6,932$3,806$1,984$995$486$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $7,100,000, adding $6,510 every year, while hoping to spend $57,705 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: 71/20/9 Blend
68$7,100,000$7,100,000$7,100,000$7,100,000
69$7,830,915$7,454,615$7,344,565$8,373,625
70$8,568,271$7,758,494$7,529,210$9,037,281
71$9,378,903$8,075,328$7,718,107$9,755,743
72$10,270,224$8,405,692$7,911,337$10,540,584
73$11,250,402$8,750,187$8,108,982$11,398,330
74$12,328,436$9,109,439$8,311,126$12,336,159
75$13,514,240$9,484,105$8,517,853$13,361,976
76$14,818,738$9,874,871$8,729,246$14,484,479
77$16,253,965$10,282,455$8,945,391$15,713,244
78$17,833,182$10,707,608$9,166,374$17,058,811
79$19,571,000$11,151,115$9,392,281$18,532,787
80$21,483,519$11,613,797$9,623,200$20,147,948
81$23,588,478$12,096,512$9,859,217$21,918,361
82$25,905,422$12,600,161$10,100,420$23,859,518
83$28,455,889$13,125,682$10,346,898$25,988,473
84$31,263,608$13,674,060$10,598,738$28,324,011
85$34,354,730$14,246,322$10,856,029$30,886,813
86$37,758,066$14,843,546$11,118,860$33,699,658
87$41,505,366$15,466,857$11,387,319$36,787,633
88$45,631,614$16,117,433$11,661,494$40,178,364
89$50,175,359$16,796,508$11,941,475$43,902,282
90$55,179,079$17,505,371$12,227,348$47,992,900
91$60,689,583$18,245,372$12,519,202$52,487,134
92$66,758,449$19,017,923$12,817,124$57,425,645
93$73,442,513$19,824,503$13,121,199$62,853,220
94$80,804,404$20,666,659$13,431,515$68,819,196
95$88,913,138$21,546,009$13,748,154$75,377,918
96$97,844,762$22,464,248$14,071,202$82,589,252
97$107,683,080$23,423,149$14,400,740$90,519,148
98$118,520,439$24,424,568$14,736,849$99,240,255
99$130,458,599$25,470,447$15,079,609$108,832,611
100$143,609,698$26,562,820$15,429,097$119,384,386