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

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$586,311$581,089$575,993$571,020$566,164$557,934
2 years$290,253$284,847$279,608$274,529$269,602$261,327
3 years$191,580$186,151$180,925$175,893$171,047$162,985
4 years$142,253$136,841$131,667$126,721$121,992$114,205
5 years$112,665$107,285$102,179$97,334$92,736$85,247
6 years$92,945$87,606$82,576$77,839$73,379$66,197
7 years$78,866$73,571$68,621$63,996$59,677$52,803
8 years$68,311$63,064$58,196$53,684$49,508$42,942
9 years$60,106$54,909$50,124$45,727$41,693$35,432
10 years$53,546$48,399$43,699$39,417$35,524$29,563
11 years$48,182$43,087$38,472$34,305$30,552$24,885
12 years$43,715$38,673$34,143$30,090$26,476$21,096
13 years$39,939$34,949$30,505$26,565$23,087$17,988
14 years$36,704$31,768$27,409$23,581$20,238$15,410
15 years$33,904$29,020$24,746$21,030$17,819$13,255
16 years$31,456$26,625$22,436$18,830$15,749$11,439
17 years$29,298$24,521$20,416$16,919$13,964$9,900
18 years$27,382$22,659$18,637$15,247$12,416$8,588
19 years$25,670$21,000$17,061$13,777$11,067$7,465
20 years$24,131$19,514$15,658$12,478$9,885$6,501
21 years$22,740$18,177$14,402$11,325$8,846$5,669
22 years$21,477$16,967$13,274$10,297$7,929$4,951
23 years$20,326$15,869$12,256$9,377$7,118$4,328
24 years$19,273$14,868$11,335$8,553$6,398$3,787
25 years$18,305$13,953$10,498$7,811$5,757$3,317
26 years$17,413$13,114$9,737$7,142$5,186$2,907
27 years$16,589$12,341$9,041$6,537$4,675$2,550
28 years$15,824$11,629$8,405$5,989$4,218$2,237
29 years$15,114$10,971$7,822$5,492$3,809$1,964
30 years$14,453$10,361$7,286$5,041$3,442$1,725
31 years$13,835$9,794$6,792$4,629$3,112$1,516
32 years$13,257$9,268$6,337$4,255$2,815$1,332
33 years$12,715$8,777$5,917$3,912$2,547$1,172
34 years$12,206$8,318$5,529$3,600$2,306$1,030
35 years$11,728$7,890$5,169$3,314$2,089$906
36 years$11,276$7,488$4,835$3,052$1,893$797
37 years$10,851$7,112$4,526$2,812$1,715$702
38 years$10,448$6,759$4,238$2,592$1,555$617
39 years$10,068$6,427$3,971$2,390$1,410$544
40 years$9,707$6,115$3,722$2,204$1,279$478
41 years$9,364$5,821$3,490$2,034$1,161$421
42 years$9,039$5,544$3,274$1,877$1,053$371
43 years$8,730$5,282$3,072$1,733$956$327
44 years$8,436$5,035$2,883$1,600$867$288
45 years$8,155$4,801$2,707$1,477$788$253
46 years$7,888$4,580$2,543$1,365$715$223
47 years$7,633$4,371$2,389$1,261$649$196
48 years$7,389$4,173$2,245$1,165$590$173
49 years$7,155$3,985$2,110$1,077$536$152
50 years$6,932$3,806$1,984$995$486$134

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 $6,832 every year, while hoping to spend $33,087 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: 40/30/30 Blend
68$7,100,000$7,100,000$7,100,000$7,100,000
69$7,831,247$7,454,947$7,344,897$8,074,909
70$8,594,830$7,785,035$7,555,747$8,583,519
71$9,435,190$8,130,189$7,772,551$9,129,862
72$10,360,122$8,491,111$7,995,475$9,720,346
73$11,378,217$8,868,538$8,224,686$10,359,044
74$12,498,941$9,263,243$8,460,359$11,050,422
75$13,732,724$9,676,032$8,702,671$11,799,390
76$15,091,057$10,107,753$8,951,806$12,611,335
77$16,586,605$10,559,293$9,207,952$13,492,178
78$18,233,321$11,031,580$9,471,300$14,448,420
79$20,046,580$11,525,589$9,742,050$15,487,208
80$22,043,326$12,042,337$10,020,403$16,616,394
81$24,242,228$12,582,894$10,306,569$17,844,609
82$26,663,858$13,148,379$10,600,762$19,181,338
83$29,330,885$13,739,964$10,903,202$20,637,012
84$32,268,290$14,358,876$11,214,113$22,223,099
85$35,503,598$15,006,403$11,533,728$23,952,208
86$39,067,142$15,683,894$11,862,285$25,838,209
87$42,992,345$16,392,760$12,200,027$27,896,355
88$47,316,041$17,134,481$12,547,204$30,143,425
89$52,078,815$17,910,609$12,904,073$32,597,878
90$57,325,394$18,722,768$13,270,899$35,280,022
91$63,105,061$19,572,661$13,647,952$38,212,201
92$69,472,128$20,462,072$14,035,508$41,419,003
93$76,486,441$21,392,870$14,433,854$44,927,485
94$84,213,952$22,367,014$14,843,282$48,767,426
95$92,727,334$23,386,557$15,264,091$52,971,600
96$102,106,673$24,453,649$15,696,589$57,576,081
97$112,440,221$25,570,545$16,141,092$62,620,577
98$123,825,228$26,739,607$16,597,924$68,148,801
99$136,368,864$27,963,311$17,067,417$74,208,874
100$150,189,225$29,244,249$17,549,912$80,853,777