Can I retire at age 69 with 7,900,000?

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$652,375$646,564$640,894$635,360$629,957$618,503
2 years$322,958$316,943$311,114$305,462$299,980$288,481
3 years$213,166$207,126$201,311$195,712$190,319$179,134
4 years$158,282$152,259$146,503$141,000$135,737$124,952
5 years$125,359$119,373$113,692$108,301$103,185$92,830
6 years$103,418$97,477$91,880$86,609$81,647$71,734
7 years$87,752$81,861$76,353$71,206$66,401$56,933
8 years$76,008$70,170$64,753$59,733$55,086$46,060
9 years$66,878$61,096$55,772$50,879$46,390$37,802
10 years$59,579$53,853$48,623$43,859$39,527$31,368
11 years$53,611$47,942$42,807$38,170$33,994$26,255
12 years$48,641$43,030$37,990$33,480$29,459$22,129
13 years$44,439$38,887$33,942$29,558$25,689$18,757
14 years$40,840$35,347$30,497$26,238$22,519$15,973
15 years$37,724$32,290$27,535$23,400$19,827$13,654
16 years$35,000$29,626$24,964$20,952$17,523$11,709
17 years$32,599$27,284$22,716$18,825$15,537$10,069
18 years$30,467$25,212$20,737$16,965$13,815$8,678
19 years$28,562$23,366$18,984$15,330$12,314$7,494
20 years$26,850$21,713$17,422$13,884$10,999$6,482
21 years$25,302$20,225$16,025$12,601$9,843$5,614
22 years$23,897$18,879$14,770$11,457$8,823$4,869
23 years$22,617$17,657$13,637$10,434$7,920$4,227
24 years$21,444$16,544$12,612$9,516$7,118$3,673
25 years$20,367$15,525$11,681$8,691$6,405$3,194
26 years$19,375$14,591$10,834$7,947$5,770$2,780
27 years$18,458$13,732$10,060$7,274$5,202$2,420
28 years$17,607$12,940$9,352$6,664$4,694$2,108
29 years$16,817$12,207$8,703$6,111$4,238$1,837
30 years$16,081$11,528$8,107$5,609$3,830$1,602
31 years$15,394$10,898$7,558$5,151$3,462$1,397
32 years$14,751$10,312$7,051$4,734$3,132$1,219
33 years$14,148$9,765$6,584$4,353$2,834$1,064
34 years$13,582$9,255$6,152$4,005$2,566$928
35 years$13,049$8,779$5,751$3,687$2,324$810
36 years$12,547$8,332$5,380$3,396$2,106$708
37 years$12,073$7,914$5,036$3,129$1,909$618
38 years$11,626$7,521$4,716$2,884$1,730$540
39 years$11,202$7,152$4,418$2,659$1,569$471
40 years$10,801$6,804$4,141$2,453$1,423$412
41 years$10,420$6,477$3,883$2,263$1,291$360
42 years$10,058$6,168$3,642$2,088$1,172$314
43 years$9,714$5,877$3,418$1,928$1,063$275
44 years$9,386$5,602$3,208$1,780$965$240
45 years$9,074$5,342$3,013$1,644$876$210
46 years$8,777$5,096$2,829$1,518$796$183
47 years$8,493$4,863$2,658$1,403$722$160
48 years$8,221$4,643$2,498$1,296$656$140
49 years$7,962$4,434$2,348$1,198$596$122
50 years$7,713$4,235$2,207$1,107$541$107

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $7,900,000, adding $2,893 every year, while hoping to spend $46,444 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: 50/41/9 Blend
68$7,900,000$7,900,000$7,900,000$7,900,000
69$8,708,784$8,290,084$8,167,634$9,123,514
70$9,547,664$8,646,882$8,391,834$9,763,929
71$10,470,553$9,019,607$8,621,988$10,454,269
72$11,485,971$9,408,989$8,858,246$11,203,328
73$12,603,306$9,815,795$9,100,763$12,016,623
74$13,832,900$10,240,826$9,349,695$12,900,212
75$15,186,151$10,684,922$9,605,205$13,860,751
76$16,675,615$11,148,960$9,867,456$14,905,553
77$18,315,130$11,633,861$10,136,618$16,042,652
78$20,119,942$12,140,589$10,412,863$17,280,879
79$22,106,849$12,670,151$10,696,368$18,629,943
80$24,294,363$13,223,603$10,987,311$20,100,512
81$26,702,881$13,802,053$11,285,879$21,704,319
82$29,354,878$14,406,657$11,592,259$23,454,264
83$32,275,121$15,038,628$11,906,645$25,364,532
84$35,490,898$15,699,236$12,229,233$27,450,725
85$39,032,282$16,389,811$12,560,224$29,730,002
86$42,932,409$17,111,745$12,899,826$32,221,240
87$47,227,791$17,866,498$13,248,247$34,945,205
88$51,958,666$18,655,596$13,605,703$37,924,744
89$57,169,369$19,480,639$13,972,413$41,184,996
90$62,908,758$20,343,304$14,348,602$44,753,622
91$69,230,670$21,245,345$14,734,499$48,661,063
92$76,194,432$22,188,600$15,130,338$52,940,820
93$83,865,417$23,174,995$15,536,358$57,629,766
94$92,315,667$24,206,547$15,952,803$62,768,485
95$101,624,565$25,285,367$16,379,922$68,401,649
96$111,879,591$26,413,671$16,817,970$74,578,436
97$123,177,143$27,593,774$17,267,206$81,352,982
98$135,623,450$28,828,107$17,727,895$88,784,888
99$149,335,569$30,119,212$18,200,307$96,939,774
100$164,442,499$31,469,756$18,684,719$105,889,889