Can I retire at age 69 with 9,000,000?

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 $9,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$743,212$736,591$730,133$723,828$717,673$710,769
2 years$367,927$361,074$354,433$347,994$341,749$334,795
3 years$242,848$235,966$229,342$222,963$216,820$210,030
4 years$180,321$173,460$166,902$160,633$154,638$148,065
5 years$142,814$135,995$129,523$123,381$117,553$111,217
6 years$117,818$111,050$104,674$98,669$93,016$86,924
7 years$99,971$93,260$86,984$81,121$75,647$69,802
8 years$86,591$79,941$73,770$68,051$62,756$57,158
9 years$76,191$69,603$63,538$57,964$52,850$47,497
10 years$67,875$61,351$55,394$49,966$45,031$39,919
11 years$61,076$54,618$48,768$43,485$38,728$33,854
12 years$55,414$49,022$43,280$38,142$33,561$28,919
13 years$50,626$44,301$38,668$33,674$29,266$24,851
14 years$46,527$40,269$34,743$29,892$25,654$21,461
15 years$42,977$36,786$31,369$26,658$22,588$18,610
16 years$39,873$33,751$28,440$23,870$19,963$16,194
17 years$37,138$31,083$25,879$21,447$17,701$14,134
18 years$34,710$28,722$23,625$19,328$15,739$12,367
19 years$32,539$26,619$21,627$17,464$14,028$10,844
20 years$30,588$24,736$19,848$15,817$12,530$9,527
21 years$28,825$23,041$18,257$14,355$11,213$8,384
22 years$27,225$21,508$16,826$13,052$10,051$7,388
23 years$25,766$20,116$15,536$11,887$9,022$6,518
24 years$24,430$18,847$14,368$10,841$8,110$5,757
25 years$23,203$17,687$13,308$9,901$7,297$5,090
26 years$22,073$16,623$12,342$9,053$6,573$4,504
27 years$21,028$15,644$11,461$8,286$5,926$3,988
28 years$20,059$14,741$10,654$7,592$5,347$3,534
29 years$19,159$13,907$9,915$6,962$4,829$3,133
30 years$18,320$13,133$9,235$6,390$4,363$2,779
31 years$17,537$12,416$8,610$5,868$3,944$2,466
32 years$16,804$11,748$8,033$5,393$3,568$2,189
33 years$16,118$11,125$7,501$4,959$3,229$1,944
34 years$15,473$10,544$7,008$4,563$2,924$1,727
35 years$14,866$10,001$6,552$4,201$2,648$1,534
36 years$14,294$9,492$6,129$3,869$2,399$1,364
37 years$13,754$9,016$5,737$3,564$2,175$1,212
38 years$13,244$8,568$5,372$3,285$1,971$1,078
39 years$12,762$8,147$5,033$3,029$1,788$958
40 years$12,304$7,752$4,718$2,794$1,622$852
41 years$11,870$7,379$4,424$2,578$1,471$758
42 years$11,458$7,027$4,150$2,379$1,335$675
43 years$11,066$6,696$3,894$2,196$1,211$600
44 years$10,693$6,382$3,655$2,028$1,100$534
45 years$10,338$6,086$3,432$1,873$998$475
46 years$9,999$5,806$3,223$1,730$906$423
47 years$9,675$5,541$3,028$1,598$823$376
48 years$9,366$5,289$2,846$1,477$747$335
49 years$9,070$5,051$2,675$1,365$679$298
50 years$8,787$4,825$2,515$1,262$617$265

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $9,000,000, adding $2,100 every year, while hoping to spend $52,199 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: 41/42/17 Blend
68$9,000,000$9,000,000$9,000,000$9,000,000
69$9,920,166$9,443,166$9,303,666$10,277,060
70$10,876,484$9,850,342$9,559,800$10,937,468
71$11,928,596$10,275,720$9,822,764$11,646,567
72$13,086,220$10,720,137$10,092,733$12,412,960
73$14,360,059$11,184,469$10,369,885$13,241,903
74$15,761,910$11,669,633$10,654,401$14,139,160
75$17,304,770$12,176,589$10,946,468$15,111,059
76$19,002,958$12,706,344$11,246,276$16,164,547
77$20,872,254$13,259,949$11,554,021$17,307,252
78$22,930,044$13,838,507$11,869,901$18,547,551
79$25,195,487$14,443,172$12,194,121$19,894,643
80$27,689,692$15,075,153$12,526,890$21,358,637
81$30,435,921$15,735,715$12,868,421$22,950,636
82$33,459,804$16,426,185$13,218,932$24,682,845
83$36,789,585$17,147,949$13,578,647$26,568,674
84$40,456,386$17,902,461$13,947,795$28,622,866
85$44,494,499$18,691,243$14,326,608$30,861,628
86$48,941,714$19,515,891$14,715,325$33,302,777
87$53,839,671$20,378,072$15,114,191$35,965,907
88$59,234,256$21,279,536$15,523,455$38,872,562
89$65,176,031$22,222,114$15,943,372$42,046,442
90$71,720,714$23,207,725$16,374,202$45,513,610
91$78,929,701$24,238,378$16,816,212$49,302,740
92$86,870,649$25,316,177$17,269,674$53,445,376
93$95,618,113$26,443,327$17,734,866$57,976,222
94$105,254,248$27,622,137$18,212,071$62,933,467
95$115,869,585$28,855,027$18,701,580$68,359,130
96$127,563,889$30,144,529$19,203,688$74,299,455
97$140,447,093$31,493,298$19,718,699$80,805,337
98$154,640,341$32,904,115$20,246,921$87,932,789
99$170,277,133$34,379,892$20,788,669$95,743,469
100$187,504,576$35,923,683$21,344,265$104,305,244