Can I retire at age 69 with 7,500,000?

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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$619,343$613,826$608,444$603,190$598,061$575,925
2 years$306,605$300,895$295,361$289,995$284,791$262,739
3 years$202,373$196,638$191,118$185,803$180,683$159,410
4 years$150,267$144,550$139,085$133,860$128,865$108,531
5 years$119,012$113,329$107,936$102,818$97,961$78,620
6 years$98,182$92,542$87,228$82,224$77,513$59,179
7 years$83,309$77,716$72,487$67,601$63,039$45,707
8 years$72,160$66,617$61,475$56,709$52,297$35,951
9 years$63,492$58,002$52,948$48,303$44,041$28,660
10 years$56,562$51,126$46,161$41,638$37,526$23,080
11 years$50,896$45,515$40,640$36,237$32,273$18,732
12 years$46,178$40,851$36,067$31,785$27,967$15,298
13 years$42,189$36,918$32,223$28,062$24,388$12,554
14 years$38,772$33,557$28,953$24,910$21,378$10,343
15 years$35,814$30,655$26,140$22,215$18,823$8,548
16 years$33,228$28,126$23,700$19,891$16,636$7,083
17 years$30,948$25,903$21,566$17,872$14,751$5,881
18 years$28,925$23,935$19,687$16,106$13,116$4,892
19 years$27,116$22,183$18,023$14,554$11,690$4,075
20 years$25,490$20,613$16,540$13,181$10,442$3,399
21 years$24,021$19,201$15,214$11,963$9,344$2,837
22 years$22,687$17,923$14,022$10,877$8,376$2,370
23 years$21,471$16,763$12,947$9,906$7,519$1,982
24 years$20,358$15,706$11,974$9,035$6,758$1,658
25 years$19,336$14,739$11,090$8,251$6,081$1,387
26 years$18,394$13,852$10,285$7,544$5,478$1,162
27 years$17,523$13,037$9,551$6,905$4,939$973
28 years$16,716$12,284$8,879$6,327$4,456$815
29 years$15,966$11,589$8,262$5,802$4,024$683
30 years$15,267$10,945$7,696$5,325$3,636$572
31 years$14,614$10,346$7,175$4,890$3,287$480
32 years$14,004$9,790$6,694$4,494$2,973$402
33 years$13,431$9,271$6,251$4,133$2,691$337
34 years$12,894$8,787$5,840$3,803$2,436$283
35 years$12,388$8,334$5,460$3,500$2,207$237
36 years$11,912$7,910$5,108$3,224$1,999$199
37 years$11,462$7,513$4,781$2,970$1,812$167
38 years$11,037$7,140$4,477$2,738$1,643$140
39 years$10,635$6,789$4,194$2,524$1,490$117
40 years$10,254$6,460$3,931$2,328$1,351$98
41 years$9,892$6,149$3,686$2,148$1,226$83
42 years$9,549$5,856$3,458$1,983$1,112$69
43 years$9,222$5,580$3,245$1,830$1,010$58
44 years$8,911$5,319$3,046$1,690$916$49
45 years$8,615$5,072$2,860$1,561$832$41
46 years$8,332$4,838$2,686$1,442$755$34
47 years$8,063$4,617$2,524$1,332$686$29
48 years$7,805$4,408$2,372$1,231$623$24
49 years$7,558$4,209$2,229$1,137$566$20
50 years$7,323$4,021$2,096$1,051$514$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $7,500,000, adding $2,872 every year, while hoping to spend $51,977 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: 72/21/7 Blend
68$7,500,000$7,500,000$7,500,000$7,500,000
69$8,267,962$7,870,462$7,754,212$8,854,640
70$9,055,992$8,200,812$7,958,675$9,572,473
71$9,922,657$8,545,607$8,168,246$10,351,387
72$10,875,926$8,905,499$8,383,040$11,202,723
73$11,924,575$9,281,173$8,603,176$12,133,606
74$13,078,274$9,673,343$8,828,775$13,151,874
75$14,347,679$10,082,757$9,059,959$14,266,154
76$15,744,528$10,510,198$9,296,854$15,485,945
77$17,281,758$10,956,486$9,539,586$16,821,698
78$18,973,620$11,422,477$9,788,286$18,284,921
79$20,835,820$11,909,069$10,043,084$19,888,282
80$22,885,662$12,417,201$10,304,115$21,645,727
81$25,142,211$12,947,856$10,571,515$23,572,611
82$27,626,479$13,502,063$10,845,423$25,685,841
83$30,361,614$14,080,899$11,125,979$28,004,033
84$33,373,126$14,685,490$11,413,327$30,547,685
85$36,689,123$15,317,017$11,707,611$33,339,370
86$40,340,578$15,976,715$12,008,980$36,403,947
87$44,361,619$16,665,877$12,317,584$39,768,790
88$48,789,856$17,385,856$12,633,574$43,464,048
89$53,666,728$18,138,070$12,957,106$47,522,927
90$59,037,901$18,924,002$13,288,336$51,981,997
91$64,953,694$19,745,205$13,627,422$56,881,536
92$71,469,557$20,603,306$13,974,527$62,265,913
93$78,646,591$21,500,008$14,329,813$68,183,993
94$86,552,128$22,437,093$14,693,446$74,689,605
95$95,260,362$23,416,427$15,065,594$81,842,043
96$104,853,054$24,439,967$15,446,426$89,706,621
97$115,420,298$25,509,758$15,836,114$98,355,287
98$127,061,377$26,627,945$16,234,832$107,867,302
99$139,885,694$27,796,771$16,642,756$118,329,977
100$154,013,810$29,018,587$17,060,063$129,839,502