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%13.9%
1 years$619,343$613,826$608,444$603,190$598,061$588,395
2 years$306,605$300,895$295,361$289,995$284,791$275,079
3 years$202,373$196,638$191,118$185,803$180,683$171,228
4 years$150,267$144,550$139,085$133,860$128,865$119,739
5 years$119,012$113,329$107,936$102,818$97,961$89,191
6 years$98,182$92,542$87,228$82,224$77,513$69,109
7 years$83,309$77,716$72,487$67,601$63,039$55,003
8 years$72,160$66,617$61,475$56,709$52,297$44,628
9 years$63,492$58,002$52,948$48,303$44,041$36,736
10 years$56,562$51,126$46,161$41,638$37,526$30,576
11 years$50,896$45,515$40,640$36,237$32,273$25,674
12 years$46,178$40,851$36,067$31,785$27,967$21,709
13 years$42,189$36,918$32,223$28,062$24,388$18,462
14 years$38,772$33,557$28,953$24,910$21,378$15,774
15 years$35,814$30,655$26,140$22,215$18,823$13,531
16 years$33,228$28,126$23,700$19,891$16,636$11,644
17 years$30,948$25,903$21,566$17,872$14,751$10,049
18 years$28,925$23,935$19,687$16,106$13,116$8,692
19 years$27,116$22,183$18,023$14,554$11,690$7,534
20 years$25,490$20,613$16,540$13,181$10,442$6,541
21 years$24,021$19,201$15,214$11,963$9,344$5,687
22 years$22,687$17,923$14,022$10,877$8,376$4,951
23 years$21,471$16,763$12,947$9,906$7,519$4,315
24 years$20,358$15,706$11,974$9,035$6,758$3,764
25 years$19,336$14,739$11,090$8,251$6,081$3,286
26 years$18,394$13,852$10,285$7,544$5,478$2,871
27 years$17,523$13,037$9,551$6,905$4,939$2,510
28 years$16,716$12,284$8,879$6,327$4,456$2,195
29 years$15,966$11,589$8,262$5,802$4,024$1,921
30 years$15,267$10,945$7,696$5,325$3,636$1,682
31 years$14,614$10,346$7,175$4,890$3,287$1,473
32 years$14,004$9,790$6,694$4,494$2,973$1,290
33 years$13,431$9,271$6,251$4,133$2,691$1,131
34 years$12,894$8,787$5,840$3,803$2,436$991
35 years$12,388$8,334$5,460$3,500$2,207$869
36 years$11,912$7,910$5,108$3,224$1,999$762
37 years$11,462$7,513$4,781$2,970$1,812$668
38 years$11,037$7,140$4,477$2,738$1,643$586
39 years$10,635$6,789$4,194$2,524$1,490$514
40 years$10,254$6,460$3,931$2,328$1,351$451
41 years$9,892$6,149$3,686$2,148$1,226$396
42 years$9,549$5,856$3,458$1,983$1,112$347
43 years$9,222$5,580$3,245$1,830$1,010$305
44 years$8,911$5,319$3,046$1,690$916$267
45 years$8,615$5,072$2,860$1,561$832$235
46 years$8,332$4,838$2,686$1,442$755$206
47 years$8,063$4,617$2,524$1,332$686$181
48 years$7,805$4,408$2,372$1,231$623$159
49 years$7,558$4,209$2,229$1,137$566$139
50 years$7,323$4,021$2,096$1,051$514$122

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 $2,043 every year, while hoping to spend $53,002 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: 71/24/5 Blend
68$7,500,000$7,500,000$7,500,000$7,500,000
69$8,267,107$7,869,607$7,753,357$8,850,076
70$9,053,959$8,198,824$7,956,701$9,564,139
71$9,919,292$8,542,397$8,165,080$10,338,611
72$10,871,058$8,900,972$8,378,608$11,184,758
73$11,918,013$9,275,227$8,597,399$12,109,607
74$13,069,808$9,665,871$8,821,570$13,120,895
75$14,337,075$10,073,645$9,051,239$14,227,132
76$15,731,529$10,499,326$9,286,528$15,437,687
77$17,266,078$10,943,726$9,527,559$16,762,869
78$18,954,944$11,407,694$9,774,458$18,214,028
79$20,813,797$11,892,120$10,027,352$19,803,655
80$22,859,905$12,397,934$10,286,368$21,545,501
81$25,112,293$12,926,111$10,551,640$23,454,704
82$27,591,927$13,477,670$10,823,300$25,547,932
83$30,321,905$14,053,679$11,101,482$27,843,534
84$33,327,684$14,655,253$11,386,326$30,361,715
85$36,637,309$15,283,561$11,677,969$33,124,721
86$40,281,687$15,939,829$11,976,554$36,157,050
87$44,294,874$16,625,335$12,282,224$39,485,677
88$48,714,397$17,341,422$12,595,123$43,140,309
89$53,581,606$18,089,493$12,915,401$47,153,662
90$58,942,069$18,871,017$13,243,206$51,561,766
91$64,845,995$19,687,532$13,578,689$56,404,302
92$71,348,715$20,540,650$13,922,003$61,724,974
93$78,511,198$21,432,055$14,273,304$67,571,919
94$86,400,629$22,363,515$14,632,748$73,998,158
95$95,091,042$23,336,876$15,000,495$81,062,089
96$104,664,020$24,354,075$15,376,703$88,828,040
97$115,209,464$25,417,138$15,761,536$97,366,871
98$126,826,439$26,528,187$16,155,157$106,756,634
99$139,624,111$27,689,444$16,557,730$117,083,314
100$153,722,780$28,903,236$16,969,424$128,441,628