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%11.4%
1 years$644,117$638,379$632,782$627,318$621,983$618,322
2 years$318,870$312,931$307,176$301,595$296,182$292,489
3 years$210,468$204,504$198,763$193,235$187,910$184,299
4 years$156,278$150,332$144,648$139,215$134,019$130,518
5 years$123,772$117,862$112,253$106,930$101,879$98,498
6 years$102,109$96,243$90,717$85,513$80,614$77,356
7 years$86,641$80,825$75,386$70,305$65,560$62,429
8 years$75,046$69,282$63,934$58,977$54,389$51,383
9 years$66,032$60,322$55,066$50,235$45,803$42,923
10 years$58,825$53,171$48,008$43,303$39,027$36,271
11 years$52,932$47,335$42,265$37,687$33,564$30,930
12 years$48,025$42,486$37,509$33,057$29,086$26,572
13 years$43,876$38,395$33,512$29,184$25,364$22,967
14 years$40,323$34,900$30,111$25,906$22,234$19,951
15 years$37,246$31,881$27,186$23,104$19,576$17,405
16 years$34,557$29,251$24,648$20,687$17,301$15,239
17 years$32,186$26,939$22,429$18,587$15,341$13,384
18 years$30,082$24,893$20,475$16,751$13,640$11,785
19 years$28,201$23,070$18,744$15,136$12,158$10,401
20 years$26,510$21,438$17,202$13,708$10,860$9,198
21 years$24,982$19,969$15,822$12,441$9,718$8,148
22 years$23,595$18,640$14,583$11,312$8,711$7,228
23 years$22,330$17,434$13,465$10,302$7,819$6,421
24 years$21,173$16,334$12,453$9,396$7,028$5,711
25 years$20,110$15,329$11,534$8,581$6,324$5,084
26 years$19,130$14,407$10,697$7,846$5,697$4,531
27 years$18,224$13,558$9,933$7,182$5,136$4,040
28 years$17,384$12,776$9,234$6,580$4,634$3,606
29 years$16,604$12,053$8,593$6,034$4,185$3,220
30 years$15,877$11,382$8,004$5,538$3,781$2,877
31 years$15,199$10,760$7,462$5,086$3,419$2,572
32 years$14,564$10,181$6,962$4,674$3,092$2,300
33 years$13,969$9,642$6,501$4,298$2,799$2,058
34 years$13,410$9,138$6,074$3,955$2,534$1,842
35 years$12,884$8,667$5,678$3,640$2,295$1,649
36 years$12,388$8,227$5,312$3,353$2,079$1,477
37 years$11,921$7,813$4,972$3,089$1,885$1,323
38 years$11,479$7,426$4,656$2,847$1,709$1,185
39 years$11,060$7,061$4,362$2,625$1,549$1,062
40 years$10,664$6,718$4,089$2,422$1,405$952
41 years$10,288$6,395$3,834$2,234$1,275$853
42 years$9,931$6,090$3,596$2,062$1,157$765
43 years$9,591$5,803$3,375$1,903$1,050$686
44 years$9,268$5,531$3,168$1,757$953$615
45 years$8,959$5,275$2,974$1,623$865$552
46 years$8,666$5,032$2,794$1,499$786$495
47 years$8,385$4,802$2,625$1,385$713$444
48 years$8,117$4,584$2,466$1,280$648$398
49 years$7,861$4,377$2,318$1,183$588$357
50 years$7,616$4,182$2,179$1,093$534$321

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 $5,933 every year, while hoping to spend $48,636 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: 69/6/25 Blend
68$7,800,000$7,800,000$7,800,000$7,800,000
69$8,601,720$8,188,320$8,067,420$9,139,868
70$9,427,347$8,537,799$8,285,930$9,850,840
71$10,335,558$8,902,773$8,510,130$10,622,458
72$11,334,725$9,283,949$8,740,160$11,465,767
73$12,434,073$9,682,068$8,976,161$12,387,865
74$13,643,765$10,097,906$9,218,279$13,396,567
75$14,975,000$10,532,275$9,466,663$14,500,478
76$16,440,118$10,986,025$9,721,464$15,709,073
77$18,052,715$11,460,044$9,982,838$17,032,787
78$19,827,771$11,955,266$10,250,942$18,483,110
79$21,781,794$12,472,664$10,525,938$20,072,698
80$23,932,972$13,013,259$10,807,992$21,815,487
81$26,301,347$13,578,121$11,097,273$23,726,830
82$28,909,004$14,168,369$11,393,951$25,823,631
83$31,780,277$14,785,173$11,698,203$28,124,516
84$34,941,980$15,429,762$12,010,207$30,649,996
85$38,423,661$16,103,419$12,330,148$33,422,666
86$42,257,877$16,807,489$12,658,211$36,467,417
87$46,480,506$17,543,382$12,994,586$39,811,666
88$51,131,081$18,312,571$13,339,469$43,485,618
89$56,253,167$19,116,602$13,693,056$47,522,546
90$61,894,766$19,957,092$14,055,550$51,959,105
91$68,108,778$20,835,735$14,427,156$56,835,679
92$74,953,492$21,754,305$14,808,085$62,196,755
93$82,493,143$22,714,660$15,198,550$68,091,349
94$90,798,510$23,718,746$15,598,768$74,573,460
95$99,947,595$24,768,600$16,008,963$81,702,583
96$110,026,346$25,866,358$16,429,360$89,544,266
97$121,129,479$27,014,256$16,860,189$98,170,729
98$133,361,365$28,214,634$17,301,685$107,661,541
99$146,837,019$29,469,946$17,754,087$118,104,375
100$161,683,183$30,782,761$18,217,637$129,595,827