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

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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$619,343$613,826$608,444$603,190$598,061$581,012
2 years$306,605$300,895$295,361$289,995$284,791$267,748
3 years$202,373$196,638$191,118$185,803$180,683$164,179
4 years$150,267$144,550$139,085$133,860$128,865$113,026
5 years$119,012$113,329$107,936$102,818$97,961$82,831
6 years$98,182$92,542$87,228$82,224$77,513$63,107
7 years$83,309$77,716$72,487$67,601$63,039$49,355
8 years$72,160$66,617$61,475$56,709$52,297$39,329
9 years$63,492$58,002$52,948$48,303$44,041$31,776
10 years$56,562$51,126$46,161$41,638$37,526$25,946
11 years$50,896$45,515$40,640$36,237$32,273$21,361
12 years$46,178$40,851$36,067$31,785$27,967$17,701
13 years$42,189$36,918$32,223$28,062$24,388$14,745
14 years$38,772$33,557$28,953$24,910$21,378$12,335
15 years$35,814$30,655$26,140$22,215$18,823$10,355
16 years$33,228$28,126$23,700$19,891$16,636$8,718
17 years$30,948$25,903$21,566$17,872$14,751$7,357
18 years$28,925$23,935$19,687$16,106$13,116$6,220
19 years$27,116$22,183$18,023$14,554$11,690$5,268
20 years$25,490$20,613$16,540$13,181$10,442$4,468
21 years$24,021$19,201$15,214$11,963$9,344$3,794
22 years$22,687$17,923$14,022$10,877$8,376$3,225
23 years$21,471$16,763$12,947$9,906$7,519$2,743
24 years$20,358$15,706$11,974$9,035$6,758$2,335
25 years$19,336$14,739$11,090$8,251$6,081$1,989
26 years$18,394$13,852$10,285$7,544$5,478$1,695
27 years$17,523$13,037$9,551$6,905$4,939$1,445
28 years$16,716$12,284$8,879$6,327$4,456$1,233
29 years$15,966$11,589$8,262$5,802$4,024$1,052
30 years$15,267$10,945$7,696$5,325$3,636$897
31 years$14,614$10,346$7,175$4,890$3,287$766
32 years$14,004$9,790$6,694$4,494$2,973$654
33 years$13,431$9,271$6,251$4,133$2,691$558
34 years$12,894$8,787$5,840$3,803$2,436$477
35 years$12,388$8,334$5,460$3,500$2,207$407
36 years$11,912$7,910$5,108$3,224$1,999$348
37 years$11,462$7,513$4,781$2,970$1,812$297
38 years$11,037$7,140$4,477$2,738$1,643$254
39 years$10,635$6,789$4,194$2,524$1,490$217
40 years$10,254$6,460$3,931$2,328$1,351$185
41 years$9,892$6,149$3,686$2,148$1,226$158
42 years$9,549$5,856$3,458$1,983$1,112$135
43 years$9,222$5,580$3,245$1,830$1,010$116
44 years$8,911$5,319$3,046$1,690$916$99
45 years$8,615$5,072$2,860$1,561$832$84
46 years$8,332$4,838$2,686$1,442$755$72
47 years$8,063$4,617$2,524$1,332$686$62
48 years$7,805$4,408$2,372$1,231$623$53
49 years$7,558$4,209$2,229$1,137$566$45
50 years$7,323$4,021$2,096$1,051$514$39

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 $4,275 every year, while hoping to spend $41,272 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: 37/47/16 Blend
68$7,500,000$7,500,000$7,500,000$7,500,000
69$8,269,410$7,871,910$7,755,660$8,535,041
70$9,068,976$8,213,720$7,971,561$9,068,476
71$9,948,716$8,570,896$8,193,312$9,640,040
72$10,916,761$8,944,147$8,421,065$10,256,530
73$11,982,076$9,334,215$8,654,976$10,921,994
74$13,154,535$9,741,878$8,895,204$11,640,867
75$14,445,018$10,167,951$9,141,914$12,418,015
76$15,865,516$10,613,287$9,395,274$13,258,775
77$17,429,238$11,078,777$9,655,455$14,169,001
78$19,150,741$11,565,358$9,922,634$15,155,120
79$21,046,064$12,074,009$10,196,990$16,224,184
80$23,132,882$12,605,754$10,478,709$17,383,936
81$25,430,670$13,161,670$10,767,979$18,642,877
82$27,960,885$13,742,879$11,064,993$20,010,344
83$30,747,176$14,350,560$11,369,951$21,496,592
84$33,815,599$14,985,948$11,683,055$23,112,887
85$37,194,865$15,650,335$12,004,512$24,871,609
86$40,916,613$16,345,074$12,334,536$26,786,360
87$45,015,708$17,071,582$12,673,343$28,872,091
88$49,530,567$17,831,347$13,021,157$31,145,236
89$54,503,524$18,625,922$13,378,205$33,623,860
90$59,981,229$19,456,938$13,744,721$36,327,827
91$66,015,088$20,326,102$14,120,942$39,278,979
92$72,661,748$21,235,201$14,507,115$42,501,334
93$79,983,630$22,186,110$14,903,487$46,021,310
94$88,049,521$23,180,790$15,310,314$49,867,963
95$96,935,222$24,221,298$15,727,859$54,073,258
96$106,724,260$25,309,787$16,156,388$58,672,359
97$117,508,682$26,448,514$16,596,174$63,703,953
98$129,389,919$27,639,843$17,047,498$69,210,612
99$142,479,746$28,886,251$17,510,644$75,239,178
100$156,901,335$30,190,332$17,985,906$81,841,202