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

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 $8,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$693,664$687,485$681,457$675,573$669,828$647,868
2 years$343,398$337,003$330,804$324,795$318,966$297,051
3 years$226,658$220,235$214,052$208,099$202,365$181,183
4 years$168,299$161,896$155,775$149,924$144,328$124,042
5 years$133,293$126,928$120,888$115,156$109,716$90,379
6 years$109,964$103,647$97,695$92,091$86,815$68,443
7 years$93,306$87,042$81,185$75,713$70,604$53,195
8 years$80,819$74,611$68,852$63,514$58,572$42,114
9 years$71,111$64,963$59,302$54,100$49,326$33,800
10 years$63,350$57,261$51,701$46,634$42,029$27,409
11 years$57,004$50,976$45,517$40,586$36,146$22,405
12 years$51,719$45,754$40,395$35,599$31,323$18,432
13 years$47,251$41,348$36,090$31,429$27,315$15,240
14 years$43,425$37,584$32,427$27,899$23,944$12,652
15 years$40,111$34,334$29,277$24,881$21,082$10,539
16 years$37,215$31,501$26,544$22,278$18,632$8,802
17 years$34,662$29,011$24,154$20,017$16,521$7,369
18 years$32,396$26,807$22,050$18,039$14,689$6,180
19 years$30,370$24,845$20,185$16,300$13,093$5,191
20 years$28,549$23,087$18,525$14,763$11,695$4,366
21 years$26,904$21,505$17,040$13,398$10,466$3,676
22 years$25,410$20,074$15,705$12,182$9,381$3,097
23 years$24,048$18,775$14,500$11,094$8,421$2,612
24 years$22,802$17,591$13,410$10,119$7,569$2,204
25 years$21,656$16,508$12,421$9,241$6,811$1,861
26 years$20,601$15,515$11,520$8,449$6,135$1,572
27 years$19,626$14,601$10,697$7,734$5,531$1,328
28 years$18,722$13,759$9,944$7,086$4,991$1,123
29 years$17,882$12,980$9,254$6,498$4,507$949
30 years$17,099$12,258$8,620$5,964$4,072$803
31 years$16,368$11,588$8,036$5,477$3,682$679
32 years$15,684$10,964$7,498$5,034$3,330$575
33 years$15,043$10,383$7,001$4,629$3,014$486
34 years$14,441$9,841$6,541$4,259$2,729$411
35 years$13,875$9,334$6,115$3,921$2,471$348
36 years$13,341$8,860$5,721$3,611$2,239$295
37 years$12,837$8,415$5,354$3,327$2,030$249
38 years$12,361$7,997$5,014$3,066$1,840$211
39 years$11,911$7,604$4,698$2,827$1,669$179
40 years$11,484$7,235$4,403$2,608$1,513$151
41 years$11,079$6,887$4,129$2,406$1,373$128
42 years$10,694$6,559$3,873$2,221$1,246$108
43 years$10,329$6,249$3,634$2,050$1,131$92
44 years$9,980$5,957$3,411$1,893$1,026$78
45 years$9,649$5,680$3,203$1,748$932$66
46 years$9,332$5,419$3,009$1,615$846$56
47 years$9,030$5,171$2,826$1,492$768$47
48 years$8,741$4,937$2,656$1,378$698$40
49 years$8,465$4,714$2,497$1,274$634$34
50 years$8,201$4,503$2,347$1,177$575$29

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 $3,676 every year, while hoping to spend $56,912 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: 63/16/21 Blend
68$8,400,000$8,400,000$8,400,000$8,400,000
69$9,260,592$8,815,392$8,685,192$9,793,524
70$10,144,618$9,186,792$8,915,592$10,524,701
71$11,116,908$9,574,484$9,151,803$11,316,210
72$12,186,404$9,979,204$9,393,959$12,179,359
73$13,362,958$10,401,727$9,642,198$13,121,147
74$14,657,428$10,842,860$9,896,660$14,149,278
75$16,081,775$11,303,449$10,157,487$15,272,230
76$17,649,177$11,784,379$10,424,824$16,499,332
77$19,374,157$12,286,577$10,698,820$17,840,853
78$21,272,715$12,811,013$10,979,624$19,308,099
79$23,362,481$13,358,702$11,267,391$20,913,514
80$25,662,882$13,930,706$11,562,276$22,670,795
81$28,195,322$14,528,138$11,864,439$24,595,026
82$30,983,389$15,152,160$12,174,041$26,702,811
83$34,053,071$15,803,992$12,491,248$29,012,436
84$37,433,005$16,484,909$12,816,226$31,544,032
85$41,154,749$17,196,247$13,149,147$34,319,769
86$45,253,073$17,939,402$13,490,183$37,364,060
87$49,766,293$18,715,840$13,839,510$40,703,790
88$54,736,630$19,527,091$14,197,309$44,368,567
89$60,210,607$20,374,760$14,563,760$48,391,000
90$66,239,492$21,260,526$14,939,049$52,807,003
91$72,879,777$22,186,148$15,323,363$57,656,134
92$80,193,711$23,153,467$15,716,894$62,981,961
93$88,249,894$24,164,410$16,119,833$68,832,473
94$97,123,914$25,220,998$16,532,379$75,260,533
95$106,899,069$26,325,342$16,954,730$82,324,368
96$117,667,149$27,479,658$17,387,087$90,088,120
97$129,529,300$28,686,264$17,829,657$98,622,445
98$142,596,984$29,947,586$18,282,645$108,005,178
99$156,993,026$31,266,167$18,746,264$118,322,066
100$172,852,775$32,644,670$19,220,724$129,667,569