Can I retire at age 69 with 8,600,000?

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$710,180$703,854$697,682$691,658$685,776$667,034
2 years$351,574$345,026$338,681$332,528$326,560$307,814
3 years$232,055$225,479$219,149$213,054$207,183$189,021
4 years$172,307$165,751$159,484$153,493$147,765$130,326
5 years$136,467$129,951$123,766$117,898$112,328$95,660
6 years$112,582$106,114$100,022$94,284$88,882$73,000
7 years$95,528$89,115$83,118$77,516$72,285$57,190
8 years$82,743$76,388$70,491$65,026$59,967$45,652
9 years$72,804$66,509$60,714$55,388$50,501$36,952
10 years$64,858$58,625$52,932$47,745$43,029$30,229
11 years$58,361$52,190$46,600$41,552$37,007$24,935
12 years$52,951$46,843$41,357$36,447$32,069$20,704
13 years$48,376$42,332$36,949$32,177$27,965$17,281
14 years$44,459$38,479$33,199$28,563$24,514$14,487
15 years$41,066$35,151$29,974$25,473$21,584$12,187
16 years$38,101$32,251$27,176$22,809$19,076$10,282
17 years$35,488$29,702$24,729$20,493$16,914$8,696
18 years$33,167$27,446$22,575$18,469$15,039$7,369
19 years$31,093$25,436$20,666$16,688$13,405$6,255
20 years$29,229$23,637$18,966$15,114$11,973$5,317
21 years$27,544$22,017$17,445$13,717$10,715$4,526
22 years$26,015$20,552$16,078$12,472$9,604$3,856
23 years$24,621$19,222$14,846$11,359$8,621$3,288
24 years$23,344$18,009$13,730$10,360$7,749$2,805
25 years$22,172$16,901$12,716$9,461$6,973$2,395
26 years$21,092$15,884$11,794$8,651$6,281$2,046
27 years$20,093$14,949$10,952$7,918$5,663$1,749
28 years$19,168$14,086$10,181$7,255$5,110$1,495
29 years$18,307$13,289$9,474$6,653$4,614$1,279
30 years$17,506$12,550$8,825$6,106$4,169$1,094
31 years$16,758$11,864$8,227$5,607$3,769$936
32 years$16,058$11,225$7,676$5,153$3,409$801
33 years$15,401$10,631$7,167$4,739$3,086$686
34 years$14,785$10,076$6,697$4,360$2,794$587
35 years$14,205$9,556$6,261$4,014$2,530$503
36 years$13,659$9,070$5,857$3,697$2,293$431
37 years$13,143$8,615$5,482$3,406$2,078$369
38 years$12,656$8,187$5,134$3,139$1,884$316
39 years$12,195$7,785$4,810$2,895$1,708$270
40 years$11,758$7,407$4,508$2,670$1,549$232
41 years$11,343$7,051$4,227$2,463$1,406$198
42 years$10,949$6,715$3,965$2,273$1,276$170
43 years$10,575$6,398$3,721$2,099$1,158$146
44 years$10,218$6,099$3,493$1,938$1,051$125
45 years$9,878$5,816$3,279$1,790$954$107
46 years$9,554$5,548$3,080$1,653$866$92
47 years$9,245$5,294$2,894$1,527$786$78
48 years$8,950$5,054$2,719$1,411$714$67
49 years$8,667$4,826$2,556$1,304$649$58
50 years$8,397$4,610$2,403$1,205$589$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $8,600,000, adding $6,335 every year, while hoping to spend $20,346 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: 27/50/23 Blend
68$8,600,000$8,600,000$8,600,000$8,600,000
69$9,483,735$9,027,935$8,894,635$9,670,851
70$10,429,427$9,448,655$9,170,957$10,240,267
71$11,470,899$9,889,310$9,455,854$10,849,032
72$12,617,898$10,350,852$9,749,592$11,502,254
73$13,881,164$10,834,285$10,052,444$12,203,720
74$15,272,536$11,340,658$10,364,694$12,957,569
75$16,805,055$11,871,071$10,686,632$13,768,329
76$18,493,095$12,426,678$11,018,559$14,640,953
77$20,352,494$13,008,688$11,360,783$15,580,860
78$22,400,705$13,618,370$11,713,626$16,593,986
79$24,656,958$14,257,052$12,077,414$17,686,827
80$27,142,449$14,926,128$12,452,488$18,866,501
81$29,880,529$15,627,059$12,839,197$20,140,805
82$32,896,934$16,361,376$13,237,901$21,518,287
83$36,220,024$17,130,686$13,648,973$23,008,315
84$39,881,047$17,936,671$14,072,795$24,621,161
85$43,914,443$18,781,097$14,509,762$26,368,091
86$48,358,159$19,665,813$14,960,282$28,261,464
87$53,254,015$20,592,761$15,424,775$30,314,840
88$58,648,092$21,563,974$15,903,672$32,543,100
89$64,591,173$22,581,585$16,397,421$34,962,579
90$71,139,219$23,647,829$16,906,482$37,591,210
91$78,353,898$24,765,051$17,431,327$40,448,683
92$86,303,166$25,935,709$17,972,448$43,556,623
93$95,061,911$27,162,381$18,530,346$46,938,785
94$104,712,656$28,447,767$19,105,543$50,621,263
95$115,346,341$29,794,703$19,698,573$54,632,730
96$127,063,182$31,206,157$20,309,989$59,004,691
97$139,973,613$32,685,245$20,940,360$63,771,776
98$154,199,333$34,235,233$21,590,274$68,972,048
99$169,874,451$35,859,546$22,260,334$74,647,348
100$187,146,755$37,561,773$22,951,165$80,843,682