Can I retire at age 69 with 8,200,000?

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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$677,148$671,117$665,232$659,488$653,880$646,245
2 years$335,222$328,979$322,928$317,062$311,371$303,686
3 years$221,261$214,991$208,956$203,144$197,547$190,050
4 years$164,292$158,041$152,066$146,354$140,892$133,642
5 years$130,120$123,906$118,010$112,414$107,104$100,122
6 years$107,345$101,179$95,369$89,898$84,748$78,041
7 years$91,085$84,970$79,252$73,910$68,922$62,495
8 years$78,894$72,835$67,212$62,002$57,178$51,029
9 years$69,418$63,416$57,890$52,812$48,152$42,279
10 years$61,842$55,898$50,470$45,524$41,028$35,426
11 years$55,647$49,763$44,433$39,620$35,285$29,951
12 years$50,488$44,664$39,433$34,752$30,578$25,504
13 years$46,126$40,363$35,231$30,681$26,664$21,846
14 years$42,391$36,689$31,655$27,235$23,374$18,803
15 years$39,156$33,516$28,580$24,289$20,580$16,250
16 years$36,329$30,751$25,912$21,748$18,189$14,092
17 years$33,837$28,320$23,579$19,540$16,127$12,256
18 years$31,624$26,169$21,525$17,610$14,340$10,686
19 years$29,647$24,253$19,705$15,912$12,781$9,336
20 years$27,869$22,537$18,084$14,411$11,416$8,172
21 years$26,263$20,993$16,634$13,079$10,216$7,165
22 years$24,805$19,596$15,331$11,892$9,158$6,290
23 years$23,475$18,328$14,155$10,830$8,220$5,528
24 years$22,259$17,172$13,091$9,878$7,389$4,864
25 years$21,141$16,115$12,125$9,021$6,649$4,284
26 years$20,111$15,145$11,245$8,248$5,989$3,775
27 years$19,159$14,254$10,442$7,550$5,400$3,330
28 years$18,276$13,431$9,707$6,917$4,872$2,938
29 years$17,456$12,671$9,034$6,343$4,399$2,595
30 years$16,692$11,966$8,414$5,822$3,975$2,292
31 years$15,978$11,312$7,845$5,347$3,594$2,025
32 years$15,311$10,703$7,319$4,914$3,251$1,791
33 years$14,685$10,136$6,834$4,519$2,942$1,584
34 years$14,097$9,607$6,385$4,157$2,664$1,401
35 years$13,544$9,112$5,970$3,827$2,413$1,240
36 years$13,023$8,649$5,585$3,525$2,186$1,097
37 years$12,532$8,214$5,227$3,248$1,981$971
38 years$12,067$7,806$4,895$2,993$1,796$860
39 years$11,627$7,423$4,586$2,760$1,629$761
40 years$11,211$7,062$4,298$2,546$1,477$674
41 years$10,815$6,723$4,031$2,349$1,340$597
42 years$10,440$6,403$3,781$2,168$1,216$529
43 years$10,083$6,100$3,548$2,001$1,104$469
44 years$9,743$5,815$3,330$1,848$1,002$415
45 years$9,419$5,545$3,127$1,706$910$368
46 years$9,110$5,290$2,937$1,576$826$326
47 years$8,815$5,048$2,759$1,456$750$289
48 years$8,533$4,819$2,593$1,346$681$256
49 years$8,264$4,602$2,437$1,244$619$227
50 years$8,006$4,396$2,291$1,149$562$201

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $8,200,000, adding $5,398 every year, while hoping to spend $51,113 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: 35/45/20 Blend
68$8,200,000$8,200,000$8,200,000$8,200,000
69$9,041,968$8,607,368$8,480,268$9,303,108
70$9,909,865$8,974,745$8,709,973$9,862,620
71$10,864,574$9,358,411$8,945,660$10,460,788
72$11,914,897$9,759,109$9,187,476$11,105,144
73$13,070,530$10,177,619$9,435,570$11,799,827
74$14,342,157$10,614,755$9,690,095$12,549,376
75$15,741,551$11,071,372$9,951,206$13,358,765
76$17,281,682$11,548,363$10,219,065$14,233,452
77$18,976,844$12,046,662$10,493,834$15,179,426
78$20,842,783$12,567,250$10,775,679$16,203,257
79$22,896,853$13,111,151$11,064,770$17,312,157
80$25,158,173$13,679,439$11,361,281$18,514,043
81$27,647,812$14,273,237$11,665,389$19,817,609
82$30,388,985$14,893,721$11,977,276$21,232,401
83$33,407,271$15,542,124$12,297,124$22,768,905
84$36,730,860$16,219,734$12,625,125$24,438,642
85$40,390,809$16,927,903$12,961,468$26,254,268
86$44,421,346$17,668,044$13,306,351$28,229,693
87$48,860,183$18,441,639$13,659,974$30,380,204
88$53,748,880$19,250,237$14,022,542$32,722,602
89$59,133,230$20,095,463$14,394,261$35,275,362
90$65,063,695$20,979,016$14,775,344$38,058,793
91$71,595,883$21,902,679$15,166,009$41,095,228
92$78,791,068$22,868,315$15,566,475$44,409,228
93$86,716,772$23,877,878$15,976,968$48,027,803
94$95,447,402$24,933,413$16,397,715$51,980,667
95$105,064,951$26,037,064$16,828,952$56,300,503
96$115,659,769$27,191,074$17,270,916$61,023,268
97$127,331,422$28,397,793$17,723,848$66,188,525
98$140,189,627$29,659,684$18,187,996$71,839,804
99$154,355,285$30,979,325$18,663,611$78,025,008
100$169,961,630$32,359,418$19,150,947$84,796,852