Can I retire at age 69 with 8,800,000?

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 $8,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$726,696$720,223$713,907$707,743$701,724$694,685
2 years$359,750$353,050$346,557$340,261$334,154$327,065
3 years$237,451$230,722$224,245$218,009$212,001$205,081
4 years$176,314$169,605$163,193$157,063$151,201$144,503
5 years$139,641$132,973$126,645$120,639$114,941$108,485
6 years$115,200$108,582$102,348$96,476$90,949$84,743
7 years$97,749$91,187$85,051$79,318$73,966$68,013
8 years$84,667$78,164$72,130$66,538$61,362$55,661
9 years$74,498$68,056$62,126$56,676$51,675$46,225
10 years$66,367$59,988$54,163$48,855$44,030$38,827
11 years$59,718$53,404$47,684$42,519$37,867$32,907
12 years$54,182$47,932$42,318$37,295$32,815$28,093
13 years$49,501$43,317$37,809$32,925$28,615$24,126
14 years$45,493$39,374$33,971$29,228$25,084$20,821
15 years$42,022$35,969$30,671$26,066$22,086$18,043
16 years$38,987$33,001$27,808$23,339$19,520$15,690
17 years$36,313$30,392$25,304$20,970$17,307$13,684
18 years$33,938$28,084$23,100$18,898$15,389$11,965
19 years$31,816$26,028$21,147$17,076$13,717$10,484
20 years$29,908$24,186$19,407$15,466$12,252$9,204
21 years$28,185$22,529$17,851$14,036$10,964$8,093
22 years$26,620$21,030$16,452$12,762$9,828$7,126
23 years$25,193$19,669$15,191$11,623$8,822$6,283
24 years$23,887$18,428$14,049$10,601$7,929$5,545
25 years$22,688$17,294$13,012$9,681$7,135$4,899
26 years$21,582$16,254$12,068$8,852$6,427$4,331
27 years$20,560$15,296$11,206$8,102$5,795$3,832
28 years$19,613$14,414$10,418$7,423$5,229$3,393
29 years$18,733$13,598$9,695$6,807$4,721$3,005
30 years$17,913$12,842$9,030$6,248$4,266$2,663
31 years$17,147$12,140$8,419$5,738$3,857$2,362
32 years$16,431$11,487$7,855$5,273$3,489$2,095
33 years$15,760$10,878$7,334$4,849$3,157$1,859
34 years$15,129$10,310$6,852$4,462$2,859$1,650
35 years$14,536$9,779$6,407$4,107$2,589$1,465
36 years$13,976$9,281$5,993$3,783$2,346$1,301
37 years$13,449$8,815$5,609$3,485$2,126$1,155
38 years$12,950$8,378$5,253$3,212$1,928$1,026
39 years$12,478$7,966$4,922$2,962$1,748$912
40 years$12,031$7,579$4,613$2,732$1,585$810
41 years$11,607$7,215$4,325$2,521$1,438$720
42 years$11,204$6,871$4,057$2,326$1,305$640
43 years$10,820$6,547$3,807$2,147$1,185$569
44 years$10,456$6,240$3,574$1,983$1,075$506
45 years$10,108$5,951$3,356$1,831$976$450
46 years$9,777$5,677$3,152$1,691$886$400
47 years$9,460$5,417$2,961$1,563$805$356
48 years$9,158$5,172$2,783$1,444$731$316
49 years$8,869$4,939$2,615$1,335$664$281
50 years$8,592$4,718$2,459$1,233$603$250

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $8,800,000, adding $4,357 every year, while hoping to spend $39,409 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: 64/16/20 Blend
68$8,800,000$8,800,000$8,800,000$8,800,000
69$9,702,094$9,235,694$9,099,294$10,273,277
70$10,649,777$9,646,312$9,362,190$11,068,623
71$11,692,803$10,075,730$9,632,571$11,932,315
72$12,840,854$10,524,827$9,910,648$12,874,977
73$14,104,602$10,994,524$10,196,636$13,904,332
74$15,495,802$11,485,786$10,490,754$15,028,882
75$17,027,410$11,999,625$10,793,230$16,257,978
76$18,713,699$12,537,100$11,104,296$17,601,914
77$20,570,398$13,099,321$11,424,192$19,072,020
78$22,614,840$13,687,449$11,753,164$20,680,764
79$24,866,122$14,302,702$12,091,464$22,441,874
80$27,345,289$14,946,357$12,439,350$24,370,460
81$30,075,530$15,619,749$12,797,090$26,483,155
82$33,082,398$16,324,281$13,164,955$28,798,273
83$36,394,049$17,061,417$13,543,229$31,335,978
84$40,041,513$17,832,697$13,932,197$34,118,470
85$44,058,978$18,639,731$14,332,157$37,170,195
86$48,484,122$19,484,206$14,743,412$40,518,072
87$53,358,461$20,367,891$15,166,276$44,191,742
88$58,727,745$21,292,638$15,601,067$48,223,850
89$64,642,388$22,260,390$16,048,115$52,650,346
90$71,157,943$23,273,181$16,507,758$57,510,822
91$78,335,629$24,333,142$16,980,344$62,848,884
92$86,242,905$25,442,508$17,466,228$68,712,558
93$94,954,111$26,603,620$17,965,775$75,154,743
94$104,551,164$27,818,931$18,479,363$82,233,704
95$115,124,336$29,091,012$19,007,374$90,013,619
96$126,773,103$30,422,557$19,550,207$98,565,180
97$139,607,087$31,816,389$20,108,265$107,966,260
98$153,747,085$33,275,468$20,681,968$118,302,637
99$169,326,215$34,802,894$21,271,741$129,668,807
100$186,491,170$36,401,916$21,878,026$142,168,864