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%19.2%
1 years$726,696$720,223$713,907$707,743$701,724$675,752
2 years$359,750$353,050$346,557$340,261$334,154$308,281
3 years$237,451$230,722$224,245$218,009$212,001$187,041
4 years$176,314$169,605$163,193$157,063$151,201$127,343
5 years$139,641$132,973$126,645$120,639$114,941$92,248
6 years$115,200$108,582$102,348$96,476$90,949$69,437
7 years$97,749$91,187$85,051$79,318$73,966$53,629
8 years$84,667$78,164$72,130$66,538$61,362$42,183
9 years$74,498$68,056$62,126$56,676$51,675$33,627
10 years$66,367$59,988$54,163$48,855$44,030$27,080
11 years$59,718$53,404$47,684$42,519$37,867$21,979
12 years$54,182$47,932$42,318$37,295$32,815$17,949
13 years$49,501$43,317$37,809$32,925$28,615$14,730
14 years$45,493$39,374$33,971$29,228$25,084$12,135
15 years$42,022$35,969$30,671$26,066$22,086$10,030
16 years$38,987$33,001$27,808$23,339$19,520$8,311
17 years$36,313$30,392$25,304$20,970$17,307$6,901
18 years$33,938$28,084$23,100$18,898$15,389$5,740
19 years$31,816$26,028$21,147$17,076$13,717$4,781
20 years$29,908$24,186$19,407$15,466$12,252$3,988
21 years$28,185$22,529$17,851$14,036$10,964$3,329
22 years$26,620$21,030$16,452$12,762$9,828$2,781
23 years$25,193$19,669$15,191$11,623$8,822$2,325
24 years$23,887$18,428$14,049$10,601$7,929$1,945
25 years$22,688$17,294$13,012$9,681$7,135$1,628
26 years$21,582$16,254$12,068$8,852$6,427$1,363
27 years$20,560$15,296$11,206$8,102$5,795$1,141
28 years$19,613$14,414$10,418$7,423$5,229$956
29 years$18,733$13,598$9,695$6,807$4,721$801
30 years$17,913$12,842$9,030$6,248$4,266$671
31 years$17,147$12,140$8,419$5,738$3,857$563
32 years$16,431$11,487$7,855$5,273$3,489$472
33 years$15,760$10,878$7,334$4,849$3,157$396
34 years$15,129$10,310$6,852$4,462$2,859$332
35 years$14,536$9,779$6,407$4,107$2,589$278
36 years$13,976$9,281$5,993$3,783$2,346$233
37 years$13,449$8,815$5,609$3,485$2,126$196
38 years$12,950$8,378$5,253$3,212$1,928$164
39 years$12,478$7,966$4,922$2,962$1,748$138
40 years$12,031$7,579$4,613$2,732$1,585$115
41 years$11,607$7,215$4,325$2,521$1,438$97
42 years$11,204$6,871$4,057$2,326$1,305$81
43 years$10,820$6,547$3,807$2,147$1,185$68
44 years$10,456$6,240$3,574$1,983$1,075$57
45 years$10,108$5,951$3,356$1,831$976$48
46 years$9,777$5,677$3,152$1,691$886$40
47 years$9,460$5,417$2,961$1,563$805$34
48 years$9,158$5,172$2,783$1,444$731$28
49 years$8,869$4,939$2,615$1,335$664$24
50 years$8,592$4,718$2,459$1,233$603$20

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 $2,377 every year, while hoping to spend $23,907 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: 27/45/28 Blend
68$8,800,000$8,800,000$8,800,000$8,800,000
69$9,700,052$9,233,652$9,097,252$9,877,317
70$10,664,020$9,660,664$9,376,573$10,448,182
71$11,725,512$10,107,798$9,664,450$11,058,441
72$12,894,450$10,576,016$9,961,144$11,713,175
73$14,181,767$11,066,323$10,266,926$12,416,190
74$15,599,510$11,579,777$10,582,071$13,171,650
75$17,160,957$12,117,482$10,906,867$13,984,109
76$18,880,735$12,680,600$11,241,608$14,858,554
77$20,774,965$13,270,344$11,586,597$15,800,442
78$22,861,412$13,887,991$11,942,148$16,815,752
79$25,159,649$14,534,876$12,308,583$17,911,031
80$27,691,247$15,212,399$12,686,234$19,093,455
81$30,479,976$15,922,028$13,075,445$20,370,887
82$33,552,027$16,665,301$13,476,566$21,751,951
83$36,936,266$17,443,833$13,889,963$23,246,100
84$40,664,497$18,259,313$14,316,009$24,863,706
85$44,771,772$19,113,515$14,755,091$26,616,145
86$49,296,712$20,008,297$15,207,606$28,515,901
87$54,281,881$20,945,607$15,673,965$30,576,678
88$59,774,179$21,927,488$16,154,589$32,813,516
89$65,825,291$22,956,081$16,649,913$35,242,931
90$72,492,172$24,033,630$17,160,387$37,883,058
91$79,837,585$25,162,489$17,686,471$40,753,816
92$87,930,693$26,345,126$18,228,643$43,877,087
93$96,847,713$27,584,127$18,787,392$47,276,912
94$106,672,634$28,882,203$19,363,224$50,979,707
95$117,498,010$30,242,199$19,956,659$55,014,503
96$129,425,835$31,667,094$20,568,235$59,413,210
97$142,568,503$33,160,015$21,198,504$64,210,906
98$157,049,872$34,724,237$21,848,036$69,446,155
99$173,006,432$36,363,198$22,517,417$75,161,359
100$190,588,591$38,080,497$23,207,254$81,403,146