Can I retire at age 69 with 8,000,000?

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 $8,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$660,633$654,748$649,007$643,403$637,931$625,819
2 years$327,046$320,955$315,052$309,328$303,777$291,621
3 years$215,865$209,748$203,859$198,190$192,728$180,908
4 years$160,285$154,187$148,357$142,785$137,456$126,062
5 years$126,946$120,884$115,131$109,672$104,492$93,557
6 years$104,727$98,711$93,043$87,706$82,681$72,217
7 years$88,863$82,897$77,319$72,108$67,241$57,252
8 years$76,970$71,058$65,573$60,489$55,783$46,265
9 years$67,725$61,869$56,478$51,524$46,978$37,924
10 years$60,333$54,535$49,239$44,414$40,027$31,431
11 years$54,289$48,549$43,349$38,653$34,425$26,275
12 years$49,256$43,575$38,471$33,904$29,832$22,117
13 years$45,001$39,379$34,371$29,932$26,014$18,722
14 years$41,357$35,794$30,883$26,571$22,804$15,921
15 years$38,201$32,699$27,883$23,696$20,078$13,591
16 years$35,443$30,001$25,280$21,217$17,745$11,639
17 years$33,012$27,629$23,004$19,064$15,734$9,994
18 years$30,853$25,531$21,000$17,180$13,990$8,601
19 years$28,924$23,662$19,224$15,524$12,470$7,416
20 years$27,189$21,988$17,643$14,060$11,138$6,405
21 years$25,622$20,481$16,228$12,760$9,967$5,540
22 years$24,200$19,118$14,957$11,602$8,934$4,797
23 years$22,903$17,881$13,810$10,566$8,020$4,158
24 years$21,716$16,753$12,772$9,637$7,208$3,607
25 years$20,625$15,722$11,829$8,801$6,487$3,132
26 years$19,620$14,776$10,971$8,047$5,843$2,721
27 years$18,691$13,906$10,188$7,366$5,268$2,365
28 years$17,830$13,103$9,471$6,749$4,753$2,057
29 years$17,030$12,362$8,813$6,189$4,292$1,790
30 years$16,285$11,674$8,209$5,680$3,878$1,558
31 years$15,589$11,036$7,653$5,216$3,506$1,357
32 years$14,937$10,442$7,141$4,794$3,172$1,182
33 years$14,327$9,889$6,667$4,408$2,870$1,029
34 years$13,753$9,373$6,229$4,056$2,599$897
35 years$13,214$8,890$5,824$3,734$2,354$782
36 years$12,706$8,438$5,448$3,439$2,133$681
37 years$12,226$8,014$5,100$3,168$1,933$594
38 years$11,773$7,616$4,775$2,920$1,752$518
39 years$11,344$7,242$4,474$2,693$1,589$452
40 years$10,937$6,890$4,194$2,484$1,441$394
41 years$10,552$6,559$3,932$2,291$1,308$343
42 years$10,185$6,246$3,689$2,115$1,187$300
43 years$9,837$5,952$3,461$1,952$1,077$261
44 years$9,505$5,673$3,249$1,803$977$228
45 years$9,189$5,410$3,051$1,665$887$199
46 years$8,888$5,161$2,865$1,538$806$173
47 years$8,600$4,925$2,692$1,421$732$151
48 years$8,325$4,702$2,530$1,313$664$132
49 years$8,062$4,490$2,378$1,213$603$115
50 years$7,811$4,289$2,235$1,121$548$100

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $8,000,000, adding $2,135 every year, while hoping to spend $21,133 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: 56/28/16 Blend
68$8,000,000$8,000,000$8,000,000$8,000,000
69$8,818,202$8,394,202$8,270,202$9,274,827
70$9,695,174$8,783,033$8,524,769$9,974,207
71$10,660,888$9,190,208$8,787,155$10,733,206
72$11,724,374$9,616,604$9,057,600$11,559,522
73$12,895,582$10,063,139$9,336,352$12,459,607
74$14,185,476$10,530,778$9,623,665$13,440,550
75$15,606,138$11,020,529$9,919,800$14,510,149
76$17,170,880$11,533,451$10,225,029$15,676,973
77$18,894,372$12,070,653$10,539,631$16,950,449
78$20,792,781$12,633,297$10,863,891$18,340,942
79$22,883,920$13,222,604$11,198,106$19,859,852
80$25,187,418$13,839,850$11,542,581$21,519,718
81$27,724,907$14,486,376$11,897,631$23,334,335
82$30,520,224$15,163,585$12,263,578$25,318,880
83$33,599,636$15,872,949$12,640,757$27,490,050
84$36,992,088$16,616,012$13,029,511$29,866,217
85$40,729,476$17,394,392$13,430,195$32,467,601
86$44,846,951$18,209,785$13,843,174$35,316,450
87$49,383,244$19,063,969$14,268,825$38,437,252
88$54,381,039$19,958,808$14,707,534$41,856,960
89$59,887,371$20,896,256$15,159,703$45,605,240
90$65,954,073$21,878,362$15,625,743$49,714,749
91$72,638,261$22,907,274$16,106,078$54,221,435
92$80,002,877$23,985,245$16,601,146$59,164,877
93$88,117,284$25,114,634$17,111,397$64,588,646
94$97,057,914$26,297,919$17,637,296$70,540,715
95$106,908,997$27,537,693$18,179,322$77,073,905
96$117,763,354$28,836,679$18,737,967$84,246,378
97$129,723,268$30,197,728$19,313,741$92,122,178
98$142,901,457$31,623,832$19,907,167$100,771,831
99$157,422,133$33,118,128$20,518,785$110,273,001
100$173,422,177$34,683,902$21,149,151$120,711,218