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%17%
1 years$734,954$728,407$722,020$715,786$709,698$689,468
2 years$363,838$357,062$350,495$344,128$337,952$317,727
3 years$240,150$233,344$226,794$220,486$214,410$194,825
4 years$178,317$171,533$165,048$158,848$152,919$134,124
5 years$141,228$134,484$128,084$122,010$116,247$98,293
6 years$116,509$109,816$103,511$97,573$91,982$74,886
7 years$98,860$92,223$86,018$80,220$74,806$58,568
8 years$85,629$79,052$72,950$67,294$62,059$46,670
9 years$75,344$68,829$62,832$57,320$52,263$37,707
10 years$67,121$60,670$54,778$49,410$44,530$30,789
11 years$60,397$54,011$48,226$43,002$38,298$25,348
12 years$54,798$48,477$42,799$37,718$33,188$21,005
13 years$50,064$43,809$38,238$33,300$28,940$17,497
14 years$46,010$39,821$34,357$29,560$25,369$14,638
15 years$42,499$36,377$31,020$26,362$22,337$12,288
16 years$39,430$33,376$28,124$23,604$19,741$10,345
17 years$36,726$30,738$25,592$21,208$17,504$8,730
18 years$34,324$28,403$23,362$19,113$15,564$7,381
19 years$32,178$26,324$21,387$17,270$13,872$6,252
20 years$30,248$24,461$19,628$15,642$12,391$5,302
21 years$28,505$22,785$18,054$14,196$11,089$4,502
22 years$26,922$21,269$16,639$12,907$9,939$3,827
23 years$25,479$19,892$15,363$11,755$8,922$3,255
24 years$24,159$18,638$14,209$10,721$8,019$2,771
25 years$22,946$17,490$13,160$9,791$7,216$2,360
26 years$21,828$16,438$12,205$8,952$6,500$2,012
27 years$20,794$15,470$11,334$8,194$5,860$1,715
28 years$19,836$14,578$10,536$7,508$5,288$1,463
29 years$18,946$13,752$9,805$6,885$4,775$1,248
30 years$18,117$12,988$9,133$6,319$4,314$1,065
31 years$17,342$12,278$8,514$5,803$3,901$909
32 years$16,618$11,617$7,944$5,333$3,528$776
33 years$15,939$11,002$7,417$4,904$3,193$663
34 years$15,301$10,427$6,930$4,512$2,891$566
35 years$14,701$9,890$6,479$4,154$2,619$483
36 years$14,135$9,387$6,061$3,826$2,373$413
37 years$13,602$8,915$5,673$3,525$2,150$353
38 years$13,097$8,473$5,313$3,249$1,949$301
39 years$12,620$8,057$4,977$2,996$1,768$257
40 years$12,168$7,665$4,665$2,763$1,604$220
41 years$11,739$7,297$4,375$2,549$1,455$188
42 years$11,331$6,949$4,104$2,353$1,320$161
43 years$10,943$6,621$3,851$2,172$1,198$137
44 years$10,574$6,311$3,614$2,005$1,087$117
45 years$10,223$6,018$3,394$1,852$987$100
46 years$9,888$5,741$3,188$1,711$896$86
47 years$9,568$5,479$2,995$1,580$814$73
48 years$9,262$5,230$2,814$1,460$739$63
49 years$8,969$4,995$2,645$1,350$671$53
50 years$8,690$4,771$2,487$1,248$610$46

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 $6,081 every year, while hoping to spend $59,129 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: 67/6/27 Blend
68$8,900,000$8,900,000$8,900,000$8,900,000
69$9,814,073$9,342,373$9,204,423$10,402,076
70$10,752,195$9,737,236$9,449,858$11,193,626
71$11,784,025$10,149,466$9,701,534$12,051,801
72$12,919,056$10,579,851$9,959,596$12,989,104
73$14,167,753$11,029,217$10,224,195$14,013,354
74$15,541,641$11,498,426$10,495,484$15,133,159
75$17,053,423$11,988,383$10,773,617$16,357,998
76$18,717,092$12,500,034$11,058,753$17,698,307
77$20,548,068$13,034,368$11,351,054$19,165,578
78$22,563,342$13,592,423$11,650,685$20,772,467
79$24,781,634$14,175,283$11,957,814$22,532,912
80$27,223,571$14,784,083$12,272,612$24,462,264
81$29,911,884$15,420,011$12,595,253$26,577,427
82$32,871,618$16,084,313$12,925,915$28,897,021
83$36,130,369$16,778,290$13,264,779$31,441,555
84$39,718,547$17,503,307$13,612,029$34,233,620
85$43,669,659$18,260,790$13,967,853$37,298,097
86$48,020,630$19,052,234$14,332,441$40,662,396
87$52,812,144$19,879,203$14,705,988$44,356,710
88$58,089,035$20,743,337$15,088,691$48,414,299
89$63,900,706$21,646,349$15,480,752$52,871,805
90$70,301,595$22,590,037$15,882,374$57,769,590
91$77,351,689$23,576,281$16,293,765$63,152,124
92$85,117,092$24,607,049$16,715,137$69,068,395
93$93,670,646$25,684,405$17,146,704$75,572,376
94$103,092,617$26,810,506$17,588,684$82,723,528
95$113,471,458$27,987,615$18,041,299$90,587,364
96$124,904,638$29,218,099$18,504,774$99,236,060
97$137,499,563$30,504,438$18,979,336$108,749,140
98$151,374,592$31,849,229$19,465,217$119,214,221
99$166,660,152$33,255,193$19,962,653$130,727,839
100$183,499,967$34,725,177$20,471,882$143,396,358