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%16.8%
1 years$677,148$671,117$665,232$659,488$653,880$635,752
2 years$335,222$328,979$322,928$317,062$311,371$293,244
3 years$221,261$214,991$208,956$203,144$197,547$179,986
4 years$164,292$158,041$152,066$146,354$140,892$124,034
5 years$130,120$123,906$118,010$112,414$107,104$90,994
6 years$107,345$101,179$95,369$89,898$84,748$69,401
7 years$91,085$84,970$79,252$73,910$68,922$54,340
8 years$78,894$72,835$67,212$62,002$57,178$43,352
9 years$69,418$63,416$57,890$52,812$48,152$35,069
10 years$61,842$55,898$50,470$45,524$41,028$28,671
11 years$55,647$49,763$44,433$39,620$35,285$23,634
12 years$50,488$44,664$39,433$34,752$30,578$19,611
13 years$46,126$40,363$35,231$30,681$26,664$16,358
14 years$42,391$36,689$31,655$27,235$23,374$13,703
15 years$39,156$33,516$28,580$24,289$20,580$11,520
16 years$36,329$30,751$25,912$21,748$18,189$9,712
17 years$33,837$28,320$23,579$19,540$16,127$8,208
18 years$31,624$26,169$21,525$17,610$14,340$6,950
19 years$29,647$24,253$19,705$15,912$12,781$5,895
20 years$27,869$22,537$18,084$14,411$11,416$5,008
21 years$26,263$20,993$16,634$13,079$10,216$4,259
22 years$24,805$19,596$15,331$11,892$9,158$3,625
23 years$23,475$18,328$14,155$10,830$8,220$3,089
24 years$22,259$17,172$13,091$9,878$7,389$2,634
25 years$21,141$16,115$12,125$9,021$6,649$2,247
26 years$20,111$15,145$11,245$8,248$5,989$1,918
27 years$19,159$14,254$10,442$7,550$5,400$1,638
28 years$18,276$13,431$9,707$6,917$4,872$1,399
29 years$17,456$12,671$9,034$6,343$4,399$1,196
30 years$16,692$11,966$8,414$5,822$3,975$1,022
31 years$15,978$11,312$7,845$5,347$3,594$874
32 years$15,311$10,703$7,319$4,914$3,251$747
33 years$14,685$10,136$6,834$4,519$2,942$639
34 years$14,097$9,607$6,385$4,157$2,664$547
35 years$13,544$9,112$5,970$3,827$2,413$468
36 years$13,023$8,649$5,585$3,525$2,186$400
37 years$12,532$8,214$5,227$3,248$1,981$342
38 years$12,067$7,806$4,895$2,993$1,796$293
39 years$11,627$7,423$4,586$2,760$1,629$251
40 years$11,211$7,062$4,298$2,546$1,477$215
41 years$10,815$6,723$4,031$2,349$1,340$184
42 years$10,440$6,403$3,781$2,168$1,216$157
43 years$10,083$6,100$3,548$2,001$1,104$135
44 years$9,743$5,815$3,330$1,848$1,002$115
45 years$9,419$5,545$3,127$1,706$910$99
46 years$9,110$5,290$2,937$1,576$826$84
47 years$8,815$5,048$2,759$1,456$750$72
48 years$8,533$4,819$2,593$1,346$681$62
49 years$8,264$4,602$2,437$1,244$619$53
50 years$8,006$4,396$2,291$1,149$562$45

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 $4,712 every year, while hoping to spend $37,218 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: 70/24/6 Blend
68$8,200,000$8,200,000$8,200,000$8,200,000
69$9,041,260$8,606,660$8,479,560$9,666,645
70$9,923,869$8,988,787$8,724,026$10,462,639
71$10,895,257$9,388,391$8,975,434$11,328,268
72$11,964,439$9,806,288$9,233,977$12,274,387
73$13,141,351$10,243,335$9,499,854$13,308,888
74$14,436,939$10,700,429$9,773,270$14,440,453
75$15,863,265$11,178,508$10,054,432$15,678,637
76$17,433,619$11,678,556$10,343,557$17,033,953
77$19,162,647$12,201,604$10,640,865$18,517,972
78$21,066,486$12,748,731$10,946,583$20,143,428
79$23,162,918$13,321,069$11,260,943$21,924,337
80$25,471,537$13,919,803$11,584,186$23,876,127
81$28,013,934$14,546,173$11,916,557$26,015,783
82$30,813,901$15,201,482$12,258,307$28,361,999
83$33,897,654$15,887,090$12,609,696$30,935,359
84$37,294,084$16,604,427$12,970,990$33,758,525
85$41,035,024$17,354,987$13,342,462$36,856,446
86$45,155,554$18,140,339$13,724,391$40,256,595
87$49,694,329$18,962,124$14,117,067$43,989,223
88$54,693,945$19,822,063$14,520,784$48,087,640
89$60,201,343$20,721,959$14,935,845$52,588,528
90$66,268,246$21,663,701$15,362,562$57,532,282
91$72,951,654$22,649,269$15,801,255$62,963,391
92$80,314,377$23,680,738$16,252,251$68,930,848
93$88,425,630$24,760,281$16,715,888$75,488,615
94$97,361,685$25,890,175$17,192,511$82,696,122
95$107,206,592$27,072,809$17,682,476$90,618,829
96$118,052,971$28,310,683$18,186,145$99,328,837
97$130,002,887$29,606,419$18,703,894$108,905,560
98$143,168,812$30,962,765$19,236,105$119,436,476
99$157,674,690$32,382,599$19,783,173$131,017,944
100$173,657,100$33,868,938$20,345,501$143,756,107