Can I retire at age 69 with 8,900,000?

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 $8,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$734,954$728,407$722,020$715,786$709,698$693,387
2 years$363,838$357,062$350,495$344,128$337,952$321,608
3 years$240,150$233,344$226,794$220,486$214,410$198,545
4 years$178,317$171,533$165,048$158,848$152,919$137,655
5 years$141,228$134,484$128,084$122,010$116,247$101,626
6 years$116,509$109,816$103,511$97,573$91,982$78,020
7 years$98,860$92,223$86,018$80,220$74,806$61,505
8 years$85,629$79,052$72,950$67,294$62,059$49,413
9 years$75,344$68,829$62,832$57,320$52,263$40,263
10 years$67,121$60,670$54,778$49,410$44,530$33,164
11 years$60,397$54,011$48,226$43,002$38,298$27,548
12 years$54,798$48,477$42,799$37,718$33,188$23,039
13 years$50,064$43,809$38,238$33,300$28,940$19,373
14 years$46,010$39,821$34,357$29,560$25,369$16,363
15 years$42,499$36,377$31,020$26,362$22,337$13,872
16 years$39,430$33,376$28,124$23,604$19,741$11,796
17 years$36,726$30,738$25,592$21,208$17,504$10,056
18 years$34,324$28,403$23,362$19,113$15,564$8,591
19 years$32,178$26,324$21,387$17,270$13,872$7,353
20 years$30,248$24,461$19,628$15,642$12,391$6,303
21 years$28,505$22,785$18,054$14,196$11,089$5,410
22 years$26,922$21,269$16,639$12,907$9,939$4,648
23 years$25,479$19,892$15,363$11,755$8,922$3,998
24 years$24,159$18,638$14,209$10,721$8,019$3,441
25 years$22,946$17,490$13,160$9,791$7,216$2,964
26 years$21,828$16,438$12,205$8,952$6,500$2,555
27 years$20,794$15,470$11,334$8,194$5,860$2,203
28 years$19,836$14,578$10,536$7,508$5,288$1,900
29 years$18,946$13,752$9,805$6,885$4,775$1,640
30 years$18,117$12,988$9,133$6,319$4,314$1,416
31 years$17,342$12,278$8,514$5,803$3,901$1,223
32 years$16,618$11,617$7,944$5,333$3,528$1,056
33 years$15,939$11,002$7,417$4,904$3,193$912
34 years$15,301$10,427$6,930$4,512$2,891$788
35 years$14,701$9,890$6,479$4,154$2,619$681
36 years$14,135$9,387$6,061$3,826$2,373$589
37 years$13,602$8,915$5,673$3,525$2,150$509
38 years$13,097$8,473$5,313$3,249$1,949$440
39 years$12,620$8,057$4,977$2,996$1,768$380
40 years$12,168$7,665$4,665$2,763$1,604$329
41 years$11,739$7,297$4,375$2,549$1,455$284
42 years$11,331$6,949$4,104$2,353$1,320$246
43 years$10,943$6,621$3,851$2,172$1,198$213
44 years$10,574$6,311$3,614$2,005$1,087$184
45 years$10,223$6,018$3,394$1,852$987$159
46 years$9,888$5,741$3,188$1,711$896$138
47 years$9,568$5,479$2,995$1,580$814$119
48 years$9,262$5,230$2,814$1,460$739$103
49 years$8,969$4,995$2,645$1,350$671$89
50 years$8,690$4,771$2,487$1,248$610$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $8,900,000, adding $4,098 every year, while hoping to spend $32,064 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: 74/20/6 Blend
68$8,900,000$8,900,000$8,900,000$8,900,000
69$9,812,027$9,340,327$9,202,377$10,531,383
70$10,778,738$9,763,887$9,476,541$11,428,927
71$11,842,979$10,207,127$9,758,814$12,407,383
72$13,014,664$10,670,977$10,049,436$13,478,303
73$14,304,717$11,156,413$10,348,649$14,650,814
74$15,725,176$11,664,455$10,656,707$15,934,963
75$17,289,306$12,196,175$10,973,869$17,341,808
76$19,011,722$12,752,694$11,300,400$18,883,519
77$20,908,529$13,335,189$11,636,575$20,573,494
78$22,997,476$13,944,890$11,982,678$22,426,482
79$25,298,119$14,583,089$12,338,997$24,458,720
80$27,832,006$15,251,140$12,705,833$26,688,083
81$30,622,884$15,950,459$13,083,492$29,134,252
82$33,696,920$16,682,534$13,472,291$31,818,898
83$37,082,949$17,448,921$13,872,555$34,765,881
84$40,812,744$18,251,253$14,284,621$38,001,476
85$44,921,320$19,091,240$14,708,831$41,554,617
86$49,447,259$19,970,675$15,145,541$45,457,165
87$54,433,079$20,891,437$15,595,116$49,744,209
88$59,925,631$21,855,496$16,057,931$54,454,394
89$65,976,546$22,864,916$16,534,372$59,630,278
90$72,642,717$23,921,860$17,024,837$65,318,737
91$79,986,839$25,028,596$17,529,734$71,571,398
92$88,078,001$26,187,501$18,049,484$78,445,126
93$96,992,335$27,401,066$18,584,519$86,002,556
94$106,813,737$28,671,903$19,135,285$94,312,680
95$117,634,661$30,002,749$19,702,240$103,451,492
96$129,556,985$31,396,473$20,285,854$113,502,706
97$142,692,980$32,856,082$20,886,612$124,558,536
98$157,166,363$34,384,729$21,505,013$136,720,564
99$173,113,470$35,985,719$22,141,569$150,100,695
100$190,684,541$37,662,516$22,796,808$164,822,206