Can I retire at age 69 with 8,400,000?

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 $8,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$693,664$687,485$681,457$675,573$669,828$665,049
2 years$343,398$337,003$330,804$324,795$318,966$314,147
3 years$226,658$220,235$214,052$208,099$202,365$197,655
4 years$168,299$161,896$155,775$149,924$144,328$139,764
5 years$133,293$126,928$120,888$115,156$109,716$105,311
6 years$109,964$103,647$97,695$92,091$86,815$82,574
7 years$93,306$87,042$81,185$75,713$70,604$66,530
8 years$80,819$74,611$68,852$63,514$58,572$54,665
9 years$71,111$64,963$59,302$54,100$49,326$45,585
10 years$63,350$57,261$51,701$46,634$42,029$38,451
11 years$57,004$50,976$45,517$40,586$36,146$32,729
12 years$51,719$45,754$40,395$35,599$31,323$28,064
13 years$47,251$41,348$36,090$31,429$27,315$24,210
14 years$43,425$37,584$32,427$27,899$23,944$20,990
15 years$40,111$34,334$29,277$24,881$21,082$18,275
16 years$37,215$31,501$26,544$22,278$18,632$15,968
17 years$34,662$29,011$24,154$20,017$16,521$13,995
18 years$32,396$26,807$22,050$18,039$14,689$12,297
19 years$30,370$24,845$20,185$16,300$13,093$10,830
20 years$28,549$23,087$18,525$14,763$11,695$9,556
21 years$26,904$21,505$17,040$13,398$10,466$8,447
22 years$25,410$20,074$15,705$12,182$9,381$7,477
23 years$24,048$18,775$14,500$11,094$8,421$6,627
24 years$22,802$17,591$13,410$10,119$7,569$5,880
25 years$21,656$16,508$12,421$9,241$6,811$5,223
26 years$20,601$15,515$11,520$8,449$6,135$4,643
27 years$19,626$14,601$10,697$7,734$5,531$4,131
28 years$18,722$13,759$9,944$7,086$4,991$3,678
29 years$17,882$12,980$9,254$6,498$4,507$3,277
30 years$17,099$12,258$8,620$5,964$4,072$2,920
31 years$16,368$11,588$8,036$5,477$3,682$2,604
32 years$15,684$10,964$7,498$5,034$3,330$2,323
33 years$15,043$10,383$7,001$4,629$3,014$2,074
34 years$14,441$9,841$6,541$4,259$2,729$1,851
35 years$13,875$9,334$6,115$3,921$2,471$1,653
36 years$13,341$8,860$5,721$3,611$2,239$1,477
37 years$12,837$8,415$5,354$3,327$2,030$1,319
38 years$12,361$7,997$5,014$3,066$1,840$1,179
39 years$11,911$7,604$4,698$2,827$1,669$1,054
40 years$11,484$7,235$4,403$2,608$1,513$942
41 years$11,079$6,887$4,129$2,406$1,373$842
42 years$10,694$6,559$3,873$2,221$1,246$753
43 years$10,329$6,249$3,634$2,050$1,131$674
44 years$9,980$5,957$3,411$1,893$1,026$603
45 years$9,649$5,680$3,203$1,748$932$539
46 years$9,332$5,419$3,009$1,615$846$482
47 years$9,030$5,171$2,826$1,492$768$431
48 years$8,741$4,937$2,656$1,378$698$386
49 years$8,465$4,714$2,497$1,274$634$345
50 years$8,201$4,503$2,347$1,177$575$309

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $8,400,000, adding $6,997 every year, while hoping to spend $46,149 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: 46/29/25 Blend
68$8,400,000$8,400,000$8,400,000$8,400,000
69$9,264,017$8,818,817$8,688,617$9,623,308
70$10,159,845$9,201,837$8,930,584$10,260,372
71$11,145,500$9,602,078$9,179,110$10,946,098
72$12,230,097$10,020,336$9,434,365$11,689,203
73$13,423,677$10,457,442$9,696,527$12,495,074
74$14,737,304$10,914,269$9,965,773$13,369,634
75$16,183,171$11,391,730$10,242,287$14,319,387
76$17,774,709$11,890,780$10,526,259$15,351,483
77$19,526,722$12,412,421$10,817,881$16,473,779
78$21,455,518$12,957,700$11,117,351$17,694,912
79$23,579,069$13,527,715$11,424,870$19,024,380
80$25,917,178$14,123,617$11,740,647$20,472,624
81$28,491,664$14,746,608$12,064,893$22,051,127
82$31,326,573$15,397,951$12,397,825$23,772,516
83$34,448,398$16,078,965$12,739,667$25,650,683
84$37,886,334$16,791,034$13,090,646$27,700,905
85$41,672,552$17,535,607$13,450,995$29,939,992
86$45,842,502$18,314,201$13,820,952$32,386,438
87$50,435,246$19,128,405$14,200,763$35,060,591
88$55,493,829$19,979,885$14,590,677$37,984,843
89$61,065,685$20,870,385$14,990,949$41,183,835
90$67,203,081$21,801,731$15,401,843$44,684,688
91$73,963,617$22,775,836$15,823,626$48,517,249
92$81,410,760$23,794,707$16,256,572$52,714,374
93$89,614,451$24,860,441$16,700,961$57,312,228
94$98,651,763$25,975,241$17,157,081$62,350,625
95$108,607,625$27,141,409$17,625,225$67,873,393
96$119,575,626$28,361,361$18,105,693$73,928,788
97$131,658,899$29,637,627$18,598,793$80,569,939
98$144,971,092$30,972,857$19,104,838$87,855,344
99$159,637,443$32,369,826$19,624,150$95,849,416
100$175,795,960$33,831,445$20,157,056$104,623,085