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%15.1%
1 years$693,664$687,485$681,457$675,573$669,828$655,767
2 years$343,398$337,003$330,804$324,795$318,966$304,866
3 years$226,658$220,235$214,052$208,099$202,365$188,667
4 years$168,299$161,896$155,775$149,924$144,328$131,137
5 years$133,293$126,928$120,888$115,156$109,716$97,068
6 years$109,964$103,647$97,695$92,091$86,815$74,724
7 years$93,306$87,042$81,185$75,713$70,604$59,073
8 years$80,819$74,611$68,852$63,514$58,572$47,598
9 years$71,111$64,963$59,302$54,100$49,326$38,900
10 years$63,350$57,261$51,701$46,634$42,029$32,141
11 years$57,004$50,976$45,517$40,586$36,146$26,783
12 years$51,719$45,754$40,395$35,599$31,323$22,472
13 years$47,251$41,348$36,090$31,429$27,315$18,960
14 years$43,425$37,584$32,427$27,899$23,944$16,069
15 years$40,111$34,334$29,277$24,881$21,082$13,670
16 years$37,215$31,501$26,544$22,278$18,632$11,665
17 years$34,662$29,011$24,154$20,017$16,521$9,980
18 years$32,396$26,807$22,050$18,039$14,689$8,558
19 years$30,370$24,845$20,185$16,300$13,093$7,352
20 years$28,549$23,087$18,525$14,763$11,695$6,326
21 years$26,904$21,505$17,040$13,398$10,466$5,450
22 years$25,410$20,074$15,705$12,182$9,381$4,701
23 years$24,048$18,775$14,500$11,094$8,421$4,059
24 years$22,802$17,591$13,410$10,119$7,569$3,508
25 years$21,656$16,508$12,421$9,241$6,811$3,034
26 years$20,601$15,515$11,520$8,449$6,135$2,625
27 years$19,626$14,601$10,697$7,734$5,531$2,273
28 years$18,722$13,759$9,944$7,086$4,991$1,969
29 years$17,882$12,980$9,254$6,498$4,507$1,706
30 years$17,099$12,258$8,620$5,964$4,072$1,479
31 years$16,368$11,588$8,036$5,477$3,682$1,282
32 years$15,684$10,964$7,498$5,034$3,330$1,112
33 years$15,043$10,383$7,001$4,629$3,014$965
34 years$14,441$9,841$6,541$4,259$2,729$837
35 years$13,875$9,334$6,115$3,921$2,471$727
36 years$13,341$8,860$5,721$3,611$2,239$631
37 years$12,837$8,415$5,354$3,327$2,030$547
38 years$12,361$7,997$5,014$3,066$1,840$475
39 years$11,911$7,604$4,698$2,827$1,669$413
40 years$11,484$7,235$4,403$2,608$1,513$358
41 years$11,079$6,887$4,129$2,406$1,373$311
42 years$10,694$6,559$3,873$2,221$1,246$270
43 years$10,329$6,249$3,634$2,050$1,131$235
44 years$9,980$5,957$3,411$1,893$1,026$204
45 years$9,649$5,680$3,203$1,748$932$177
46 years$9,332$5,419$3,009$1,615$846$154
47 years$9,030$5,171$2,826$1,492$768$134
48 years$8,741$4,937$2,656$1,378$698$116
49 years$8,465$4,714$2,497$1,274$634$101
50 years$8,201$4,503$2,347$1,177$575$88

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 $4,217 every year, while hoping to spend $50,178 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: 29/47/24 Blend
68$8,400,000$8,400,000$8,400,000$8,400,000
69$9,261,150$8,815,950$8,685,750$9,460,356
70$10,152,398$9,194,542$8,923,333$9,994,270
71$11,132,872$9,590,004$9,167,194$10,563,174
72$12,211,619$10,003,109$9,417,490$11,173,782
73$13,398,610$10,434,666$9,674,381$11,829,719
74$14,704,827$10,885,524$9,938,032$12,534,954
75$16,142,375$11,356,571$10,208,612$13,293,836
76$17,724,589$11,848,734$10,486,292$14,111,126
77$19,466,163$12,362,988$10,771,249$14,992,044
78$21,383,288$12,900,351$11,063,662$15,942,312
79$23,493,805$13,461,889$11,363,716$16,968,202
80$25,817,371$14,048,720$11,671,598$18,076,594
81$28,375,647$14,662,012$11,987,501$19,275,035
82$31,192,502$15,302,989$12,311,621$20,571,805
83$34,294,237$15,972,935$12,644,160$21,975,992
84$37,709,831$16,673,191$12,985,321$23,497,569
85$41,471,220$17,405,163$13,335,316$25,147,488
86$45,613,592$18,170,324$13,694,357$26,937,774
87$50,175,725$18,970,216$14,062,664$28,881,633
88$55,200,345$19,806,453$14,440,459$30,993,572
89$60,734,537$20,680,727$14,827,972$33,289,530
90$66,830,186$21,594,808$15,225,435$35,787,017
91$73,544,464$22,550,552$15,633,086$38,505,280
92$80,940,372$23,549,903$16,051,167$41,465,470
93$89,087,336$24,594,894$16,479,927$44,690,840
94$98,061,858$25,687,657$16,919,618$48,206,952
95$107,948,241$26,830,426$17,370,499$52,041,913
96$118,839,383$28,025,538$17,832,833$56,226,629
97$130,837,655$29,275,445$18,306,888$60,795,092
98$144,055,866$30,582,712$18,792,938$65,784,685
99$158,618,326$31,950,026$19,291,264$71,236,531
100$174,662,024$33,380,206$19,802,149$77,195,868