Can I retire at age 69 with 7,400,000?

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 $7,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$611,085$605,642$600,331$595,148$590,086$578,883
2 years$302,517$296,883$291,423$286,129$280,994$269,750
3 years$199,675$194,016$188,570$183,325$178,274$167,340
4 years$148,264$142,623$137,231$132,076$127,146$116,607
5 years$117,425$111,818$106,497$101,447$96,655$86,540
6 years$96,873$91,308$86,065$81,128$76,480$66,801
7 years$82,198$76,680$71,520$66,700$62,198$52,958
8 years$71,197$65,729$60,655$55,953$51,600$42,795
9 years$62,646$57,229$52,242$47,659$43,454$35,080
10 years$55,808$50,444$45,546$41,083$37,025$29,073
11 years$50,218$44,908$40,098$35,754$31,843$24,304
12 years$45,562$40,307$35,586$31,361$27,594$20,458
13 years$41,626$36,426$31,794$27,687$24,063$17,318
14 years$38,255$33,110$28,567$24,578$21,093$14,727
15 years$35,336$30,246$25,792$21,919$18,572$12,572
16 years$32,785$27,751$23,384$19,626$16,414$10,766
17 years$30,536$25,557$21,279$17,634$14,554$9,245
18 years$28,539$23,616$19,425$15,892$12,941$7,956
19 years$26,754$21,887$17,782$14,360$11,534$6,860
20 years$25,150$20,339$16,320$13,005$10,303$5,925
21 years$23,701$18,945$15,011$11,803$9,220$5,124
22 years$22,385$17,684$13,835$10,732$8,264$4,437
23 years$21,185$16,540$12,774$9,774$7,418$3,846
24 years$20,087$15,496$11,814$8,914$6,668$3,337
25 years$19,078$14,543$10,942$8,141$6,000$2,897
26 years$18,149$13,668$10,148$7,444$5,405$2,517
27 years$17,289$12,863$9,423$6,813$4,873$2,188
28 years$16,493$12,121$8,760$6,242$4,397$1,903
29 years$15,753$11,434$8,152$5,724$3,970$1,656
30 years$15,063$10,799$7,594$5,254$3,587$1,441
31 years$14,419$10,208$7,079$4,825$3,243$1,255
32 years$13,817$9,659$6,605$4,434$2,934$1,093
33 years$13,252$9,147$6,167$4,078$2,655$952
34 years$12,722$8,670$5,762$3,752$2,404$830
35 years$12,223$8,223$5,387$3,454$2,177$723
36 years$11,753$7,805$5,040$3,181$1,973$630
37 years$11,309$7,413$4,717$2,931$1,788$549
38 years$10,890$7,045$4,417$2,701$1,621$479
39 years$10,493$6,699$4,139$2,491$1,470$418
40 years$10,117$6,373$3,879$2,297$1,333$364
41 years$9,760$6,067$3,637$2,120$1,210$318
42 years$9,421$5,778$3,412$1,956$1,098$277
43 years$9,099$5,505$3,202$1,806$996$242
44 years$8,792$5,248$3,005$1,667$904$211
45 years$8,500$5,004$2,822$1,540$821$184
46 years$8,221$4,774$2,650$1,422$745$160
47 years$7,955$4,556$2,490$1,314$677$140
48 years$7,701$4,349$2,340$1,214$615$122
49 years$7,458$4,153$2,199$1,122$558$107
50 years$7,225$3,967$2,068$1,037$507$93

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $7,400,000, adding $6,989 every year, while hoping to spend $22,046 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: 53/26/21 Blend
68$7,400,000$7,400,000$7,400,000$7,400,000
69$8,162,009$7,769,809$7,655,109$8,547,135
70$8,971,077$8,127,073$7,888,099$9,169,951
71$9,861,932$8,501,104$8,128,154$9,844,431
72$10,842,891$8,892,700$8,375,490$10,577,911
73$11,923,122$9,302,699$8,630,324$11,376,020
74$13,112,725$9,731,976$8,892,885$12,244,945
75$14,422,832$10,181,451$9,163,406$13,191,490
76$15,865,706$10,652,088$9,442,125$14,223,133
77$17,454,864$11,144,896$9,729,292$15,348,096
78$19,205,198$11,660,934$10,025,161$16,575,421
79$21,133,119$12,201,310$10,329,995$17,915,055
80$23,256,711$12,767,188$10,644,064$19,377,934
81$25,595,902$13,359,787$10,967,646$20,976,090
82$28,172,651$13,980,384$11,301,030$22,722,760
83$31,011,156$14,630,318$11,644,509$24,632,507
84$34,138,083$15,310,992$11,998,389$26,721,353
85$37,582,816$16,023,880$12,362,984$29,006,931
86$41,377,736$16,770,522$12,738,616$31,508,643
87$45,558,523$17,552,536$13,125,618$34,247,843
88$50,164,499$18,371,617$13,524,333$37,248,032
89$55,238,993$19,229,541$13,935,113$40,535,081
90$60,829,754$20,128,172$14,358,323$44,137,463
91$66,989,398$21,069,462$14,794,336$48,086,523
92$73,775,909$22,055,457$15,243,539$52,416,771
93$81,253,182$23,088,305$15,706,327$57,166,195
94$89,491,629$24,170,254$16,183,112$62,376,623
95$98,568,842$25,303,664$16,674,313$68,094,109
96$108,570,327$26,491,006$17,180,365$74,369,362
97$119,590,308$27,734,873$17,701,715$81,258,217
98$131,732,620$29,037,983$18,238,823$88,822,164
99$145,111,687$30,403,184$18,792,164$97,128,911
100$159,853,602$31,833,463$19,362,225$106,253,026