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%15.3%
1 years$677,148$671,117$665,232$659,488$653,880$639,632
2 years$335,222$328,979$322,928$317,062$311,371$297,089
3 years$221,261$214,991$208,956$203,144$197,547$183,675
4 years$164,292$158,041$152,066$146,354$140,892$127,538
5 years$130,120$123,906$118,010$112,414$107,104$94,306
6 years$107,345$101,179$95,369$89,898$84,748$72,518
7 years$91,085$84,970$79,252$73,910$68,922$57,265
8 years$78,894$72,835$67,212$62,002$57,178$46,087
9 years$69,418$63,416$57,890$52,812$48,152$37,621
10 years$61,842$55,898$50,470$45,524$41,028$31,045
11 years$55,647$49,763$44,433$39,620$35,285$25,838
12 years$50,488$44,664$39,433$34,752$30,578$21,650
13 years$46,126$40,363$35,231$30,681$26,664$18,242
14 years$42,391$36,689$31,655$27,235$23,374$15,439
15 years$39,156$33,516$28,580$24,289$20,580$13,116
16 years$36,329$30,751$25,912$21,748$18,189$11,177
17 years$33,837$28,320$23,579$19,540$16,127$9,549
18 years$31,624$26,169$21,525$17,610$14,340$8,176
19 years$29,647$24,253$19,705$15,912$12,781$7,013
20 years$27,869$22,537$18,084$14,411$11,416$6,025
21 years$26,263$20,993$16,634$13,079$10,216$5,183
22 years$24,805$19,596$15,331$11,892$9,158$4,464
23 years$23,475$18,328$14,155$10,830$8,220$3,849
24 years$22,259$17,172$13,091$9,878$7,389$3,321
25 years$21,141$16,115$12,125$9,021$6,649$2,867
26 years$20,111$15,145$11,245$8,248$5,989$2,477
27 years$19,159$14,254$10,442$7,550$5,400$2,141
28 years$18,276$13,431$9,707$6,917$4,872$1,852
29 years$17,456$12,671$9,034$6,343$4,399$1,602
30 years$16,692$11,966$8,414$5,822$3,975$1,386
31 years$15,978$11,312$7,845$5,347$3,594$1,200
32 years$15,311$10,703$7,319$4,914$3,251$1,039
33 years$14,685$10,136$6,834$4,519$2,942$900
34 years$14,097$9,607$6,385$4,157$2,664$780
35 years$13,544$9,112$5,970$3,827$2,413$675
36 years$13,023$8,649$5,585$3,525$2,186$585
37 years$12,532$8,214$5,227$3,248$1,981$507
38 years$12,067$7,806$4,895$2,993$1,796$440
39 years$11,627$7,423$4,586$2,760$1,629$381
40 years$11,211$7,062$4,298$2,546$1,477$330
41 years$10,815$6,723$4,031$2,349$1,340$286
42 years$10,440$6,403$3,781$2,168$1,216$248
43 years$10,083$6,100$3,548$2,001$1,104$215
44 years$9,743$5,815$3,330$1,848$1,002$187
45 years$9,419$5,545$3,127$1,706$910$162
46 years$9,110$5,290$2,937$1,576$826$140
47 years$8,815$5,048$2,759$1,456$750$122
48 years$8,533$4,819$2,593$1,346$681$106
49 years$8,264$4,602$2,437$1,244$619$91
50 years$8,006$4,396$2,291$1,149$562$79

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 $4,826 every year, while hoping to spend $22,409 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: 40/42/18 Blend
68$8,200,000$8,200,000$8,200,000$8,200,000
69$9,041,378$8,606,778$8,479,678$9,354,553
70$9,939,756$9,004,667$8,739,904$9,976,212
71$10,929,017$9,421,302$9,008,097$10,645,782
72$12,018,408$9,857,577$9,284,499$11,369,671
73$13,218,117$10,314,430$9,569,362$12,152,830
74$14,539,373$10,792,845$9,862,944$13,000,690
75$15,994,547$11,293,852$10,165,510$13,919,208
76$17,597,271$11,818,531$10,477,335$14,914,920
77$19,362,568$12,368,015$10,798,702$15,995,000
78$21,306,993$12,943,491$11,129,901$17,167,321
79$23,448,787$13,546,202$11,471,233$18,440,529
80$25,808,050$14,177,453$11,823,006$19,824,116
81$28,406,934$14,838,611$12,185,540$21,328,509
82$31,269,848$15,531,110$12,559,162$22,965,159
83$34,423,690$16,256,452$12,944,211$24,746,647
84$37,898,099$17,016,211$13,341,036$26,686,798
85$41,725,739$17,812,039$13,749,994$28,800,804
86$45,942,602$18,645,666$14,171,456$31,105,362
87$50,588,351$19,518,908$14,605,804$33,618,827
88$55,706,695$20,433,666$15,053,430$36,361,374
89$61,345,797$21,391,935$15,514,739$39,355,190
90$67,558,733$22,395,804$15,990,148$42,624,669
91$74,403,992$23,447,467$16,480,086$46,196,638
92$81,946,028$24,549,221$16,984,997$50,100,604
93$90,255,865$25,703,475$17,505,337$54,369,020
94$99,411,772$26,912,755$18,041,575$59,037,588
95$109,500,001$28,179,708$18,594,196$64,145,585
96$120,615,599$29,507,112$19,163,699$69,736,222
97$132,863,305$30,897,875$19,750,599$75,857,048
98$146,358,543$32,355,052$20,355,424$82,560,384
99$161,228,505$33,881,840$20,978,721$89,903,808
100$177,613,356$35,481,594$21,621,052$97,950,688