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

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$652,375$646,564$640,894$635,360$629,957$615,478
2 years$322,958$316,943$311,114$305,462$299,980$285,472
3 years$213,166$207,126$201,311$195,712$190,319$176,237
4 years$158,282$152,259$146,503$141,000$135,737$122,188
5 years$125,359$119,373$113,692$108,301$103,185$90,207
6 years$103,418$97,477$91,880$86,609$81,647$69,254
7 years$87,752$81,861$76,353$71,206$66,401$54,594
8 years$76,008$70,170$64,753$59,733$55,086$43,861
9 years$66,878$61,096$55,772$50,879$46,390$35,739
10 years$59,579$53,853$48,623$43,859$39,527$29,437
11 years$53,611$47,942$42,807$38,170$33,994$24,453
12 years$48,641$43,030$37,990$33,480$29,459$20,450
13 years$44,439$38,887$33,942$29,558$25,689$17,196
14 years$40,840$35,347$30,497$26,238$22,519$14,525
15 years$37,724$32,290$27,535$23,400$19,827$12,313
16 years$35,000$29,626$24,964$20,952$17,523$10,470
17 years$32,599$27,284$22,716$18,825$15,537$8,926
18 years$30,467$25,212$20,737$16,965$13,815$7,626
19 years$28,562$23,366$18,984$15,330$12,314$6,527
20 years$26,850$21,713$17,422$13,884$10,999$5,595
21 years$25,302$20,225$16,025$12,601$9,843$4,802
22 years$23,897$18,879$14,770$11,457$8,823$4,126
23 years$22,617$17,657$13,637$10,434$7,920$3,549
24 years$21,444$16,544$12,612$9,516$7,118$3,055
25 years$20,367$15,525$11,681$8,691$6,405$2,631
26 years$19,375$14,591$10,834$7,947$5,770$2,268
27 years$18,458$13,732$10,060$7,274$5,202$1,955
28 years$17,607$12,940$9,352$6,664$4,694$1,687
29 years$16,817$12,207$8,703$6,111$4,238$1,456
30 years$16,081$11,528$8,107$5,609$3,830$1,257
31 years$15,394$10,898$7,558$5,151$3,462$1,085
32 years$14,751$10,312$7,051$4,734$3,132$937
33 years$14,148$9,765$6,584$4,353$2,834$810
34 years$13,582$9,255$6,152$4,005$2,566$700
35 years$13,049$8,779$5,751$3,687$2,324$605
36 years$12,547$8,332$5,380$3,396$2,106$523
37 years$12,073$7,914$5,036$3,129$1,909$452
38 years$11,626$7,521$4,716$2,884$1,730$391
39 years$11,202$7,152$4,418$2,659$1,569$338
40 years$10,801$6,804$4,141$2,453$1,423$292
41 years$10,420$6,477$3,883$2,263$1,291$252
42 years$10,058$6,168$3,642$2,088$1,172$218
43 years$9,714$5,877$3,418$1,928$1,063$189
44 years$9,386$5,602$3,208$1,780$965$163
45 years$9,074$5,342$3,013$1,644$876$141
46 years$8,777$5,096$2,829$1,518$796$122
47 years$8,493$4,863$2,658$1,403$722$106
48 years$8,221$4,643$2,498$1,296$656$91
49 years$7,962$4,434$2,348$1,198$596$79
50 years$7,713$4,235$2,207$1,107$541$68

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 $6,945 every year, while hoping to spend $32,959 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: 38/33/29 Blend
68$7,900,000$7,900,000$7,900,000$7,900,000
69$8,712,964$8,294,264$8,171,814$8,968,618
70$9,566,618$8,665,615$8,410,501$9,528,913
71$10,506,240$9,054,057$8,656,080$10,130,532
72$11,540,565$9,460,393$8,908,747$10,780,128
73$12,679,215$9,885,465$9,168,702$11,482,085
74$13,932,795$10,330,153$9,436,154$12,241,209
75$15,312,989$10,795,380$9,711,315$13,062,778
76$16,832,674$11,282,113$9,994,403$13,952,583
77$18,506,035$11,791,366$10,285,645$14,916,983
78$20,348,708$12,324,200$10,585,271$15,962,963
79$22,377,917$12,881,726$10,893,518$17,098,191
80$24,612,645$13,465,111$11,210,631$18,331,094
81$27,073,809$14,075,576$11,536,862$19,670,929
82$29,784,457$14,714,400$11,872,467$21,127,869
83$32,769,990$15,382,923$12,217,712$22,713,092
84$36,058,393$16,082,551$12,572,870$24,438,887
85$39,680,509$16,814,755$12,938,221$26,318,762
86$43,670,321$17,581,078$13,314,052$28,367,570
87$48,065,280$18,383,137$13,700,658$30,601,641
88$52,906,652$19,222,625$14,098,345$33,038,933
89$58,239,915$20,101,318$14,507,423$35,699,199
90$64,115,179$21,021,075$14,928,214$38,604,163
91$70,587,666$21,983,846$15,361,048$41,777,723
92$77,718,227$22,991,674$15,806,263$45,246,172
93$85,573,921$24,046,700$16,264,207$49,038,434
94$94,228,641$25,151,169$16,735,238$53,186,340
95$103,763,817$26,307,431$17,219,723$57,724,911
96$114,269,182$27,517,951$17,718,040$62,692,692
97$125,843,621$28,785,312$18,230,576$68,132,101
98$138,596,100$30,112,223$18,757,730$74,089,826
99$152,646,699$31,501,519$19,299,912$80,617,258
100$168,127,745$32,956,175$19,857,541$87,770,965