Can I retire at age 69 with 7,800,000?

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$644,117$638,379$632,782$627,318$621,983$615,487
2 years$318,870$312,931$307,176$301,595$296,182$289,641
3 years$210,468$204,504$198,763$193,235$187,910$181,526
4 years$156,278$150,332$144,648$139,215$134,019$127,842
5 years$123,772$117,862$112,253$106,930$101,879$95,926
6 years$102,109$96,243$90,717$85,513$80,614$74,892
7 years$86,641$80,825$75,386$70,305$65,560$60,073
8 years$75,046$69,282$63,934$58,977$54,389$49,136
9 years$66,032$60,322$55,066$50,235$45,803$40,782
10 years$58,825$53,171$48,008$43,303$39,027$34,235
11 years$52,932$47,335$42,265$37,687$33,564$28,997
12 years$48,025$42,486$37,509$33,057$29,086$24,739
13 years$43,876$38,395$33,512$29,184$25,364$21,232
14 years$40,323$34,900$30,111$25,906$22,234$18,311
15 years$37,246$31,881$27,186$23,104$19,576$15,857
16 years$34,557$29,251$24,648$20,687$17,301$13,780
17 years$32,186$26,939$22,429$18,587$15,341$12,010
18 years$30,082$24,893$20,475$16,751$13,640$10,493
19 years$28,201$23,070$18,744$15,136$12,158$9,188
20 years$26,510$21,438$17,202$13,708$10,860$8,060
21 years$24,982$19,969$15,822$12,441$9,718$7,082
22 years$23,595$18,640$14,583$11,312$8,711$6,232
23 years$22,330$17,434$13,465$10,302$7,819$5,490
24 years$21,173$16,334$12,453$9,396$7,028$4,841
25 years$20,110$15,329$11,534$8,581$6,324$4,274
26 years$19,130$14,407$10,697$7,846$5,697$3,775
27 years$18,224$13,558$9,933$7,182$5,136$3,338
28 years$17,384$12,776$9,234$6,580$4,634$2,953
29 years$16,604$12,053$8,593$6,034$4,185$2,613
30 years$15,877$11,382$8,004$5,538$3,781$2,314
31 years$15,199$10,760$7,462$5,086$3,419$2,050
32 years$14,564$10,181$6,962$4,674$3,092$1,817
33 years$13,969$9,642$6,501$4,298$2,799$1,611
34 years$13,410$9,138$6,074$3,955$2,534$1,429
35 years$12,884$8,667$5,678$3,640$2,295$1,267
36 years$12,388$8,227$5,312$3,353$2,079$1,124
37 years$11,921$7,813$4,972$3,089$1,885$998
38 years$11,479$7,426$4,656$2,847$1,709$886
39 years$11,060$7,061$4,362$2,625$1,549$786
40 years$10,664$6,718$4,089$2,422$1,405$698
41 years$10,288$6,395$3,834$2,234$1,275$620
42 years$9,931$6,090$3,596$2,062$1,157$551
43 years$9,591$5,803$3,375$1,903$1,050$489
44 years$9,268$5,531$3,168$1,757$953$434
45 years$8,959$5,275$2,974$1,623$865$386
46 years$8,666$5,032$2,794$1,499$786$343
47 years$8,385$4,802$2,625$1,385$713$305
48 years$8,117$4,584$2,466$1,280$648$271
49 years$7,861$4,377$2,318$1,183$588$240
50 years$7,616$4,182$2,179$1,093$534$214

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $7,800,000, adding $6,136 every year, while hoping to spend $58,244 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: 77/13/10 Blend
68$7,800,000$7,800,000$7,800,000$7,800,000
69$8,601,929$8,188,529$8,067,629$9,248,982
70$9,417,355$8,527,796$8,275,924$10,014,724
71$10,314,002$8,881,735$8,489,244$10,846,051
72$11,300,093$9,251,003$8,707,697$11,755,900
73$12,384,689$9,636,288$8,931,391$12,752,067
74$13,577,771$10,038,310$9,160,436$13,843,129
75$14,890,337$10,457,821$9,394,944$15,038,534
76$16,334,506$10,895,609$9,635,029$16,348,684
77$17,923,628$11,352,496$9,880,806$17,785,033
78$19,672,416$11,829,346$10,132,390$19,360,192
79$21,597,078$12,327,060$10,389,901$21,088,053
80$23,715,475$12,846,581$10,653,458$22,983,911
81$26,047,287$13,388,896$10,923,182$25,064,613
82$28,614,198$13,955,040$11,199,196$27,348,713
83$31,440,101$14,546,092$11,481,624$29,856,645
84$34,551,325$15,163,184$11,770,592$32,610,919
85$37,976,880$15,807,500$12,066,227$35,636,325
86$41,748,734$16,480,280$12,368,658$38,960,171
87$45,902,110$17,182,819$12,678,013$42,612,537
88$50,475,824$17,916,475$12,994,425$46,626,558
89$55,512,644$18,682,669$13,318,025$51,038,732
90$61,059,702$19,482,888$13,648,946$55,889,270
91$67,168,929$20,318,687$13,987,324$61,222,463
92$73,897,554$21,191,696$14,333,293$67,087,109
93$81,308,636$22,103,621$14,686,990$73,536,963
94$89,471,664$23,056,246$15,048,552$80,631,248
95$98,463,213$24,051,441$15,418,117$88,435,208
96$108,367,660$25,091,162$15,795,824$97,020,725
97$119,277,989$26,177,456$16,181,811$106,466,991
98$131,296,662$27,312,469$16,576,220$116,861,258
99$144,536,587$28,498,446$16,979,189$128,299,653
100$159,122,187$29,737,737$17,390,859$140,888,089