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%13.2%
1 years$743,212$736,591$730,133$723,828$717,673$708,118
2 years$367,927$361,074$354,433$347,994$341,749$332,138
3 years$242,848$235,966$229,342$222,963$216,820$207,451
4 years$180,321$173,460$166,902$160,633$154,638$145,584
5 years$142,814$135,995$129,523$123,381$117,553$108,840
6 years$117,818$111,050$104,674$98,669$93,016$84,654
7 years$99,971$93,260$86,984$81,121$75,647$67,639
8 years$86,591$79,941$73,770$68,051$62,756$55,103
9 years$76,191$69,603$63,538$57,964$52,850$45,546
10 years$67,875$61,351$55,394$49,966$45,031$38,072
11 years$61,076$54,618$48,768$43,485$38,728$32,107
12 years$55,414$49,022$43,280$38,142$33,561$27,271
13 years$50,626$44,301$38,668$33,674$29,266$23,298
14 years$46,527$40,269$34,743$29,892$25,654$20,000
15 years$42,977$36,786$31,369$26,658$22,588$17,238
16 years$39,873$33,751$28,440$23,870$19,963$14,907
17 years$37,138$31,083$25,879$21,447$17,701$12,929
18 years$34,710$28,722$23,625$19,328$15,739$11,240
19 years$32,539$26,619$21,627$17,464$14,028$9,792
20 years$30,588$24,736$19,848$15,817$12,530$8,546
21 years$28,825$23,041$18,257$14,355$11,213$7,470
22 years$27,225$21,508$16,826$13,052$10,051$6,538
23 years$25,766$20,116$15,536$11,887$9,022$5,729
24 years$24,430$18,847$14,368$10,841$8,110$5,025
25 years$23,203$17,687$13,308$9,901$7,297$4,411
26 years$22,073$16,623$12,342$9,053$6,573$3,875
27 years$21,028$15,644$11,461$8,286$5,926$3,407
28 years$20,059$14,741$10,654$7,592$5,347$2,997
29 years$19,159$13,907$9,915$6,962$4,829$2,638
30 years$18,320$13,133$9,235$6,390$4,363$2,322
31 years$17,537$12,416$8,610$5,868$3,944$2,046
32 years$16,804$11,748$8,033$5,393$3,568$1,803
33 years$16,118$11,125$7,501$4,959$3,229$1,589
34 years$15,473$10,544$7,008$4,563$2,924$1,401
35 years$14,866$10,001$6,552$4,201$2,648$1,235
36 years$14,294$9,492$6,129$3,869$2,399$1,090
37 years$13,754$9,016$5,737$3,564$2,175$961
38 years$13,244$8,568$5,372$3,285$1,971$848
39 years$12,762$8,147$5,033$3,029$1,788$748
40 years$12,304$7,752$4,718$2,794$1,622$661
41 years$11,870$7,379$4,424$2,578$1,471$583
42 years$11,458$7,027$4,150$2,379$1,335$515
43 years$11,066$6,696$3,894$2,196$1,211$454
44 years$10,693$6,382$3,655$2,028$1,100$401
45 years$10,338$6,086$3,432$1,873$998$354
46 years$9,999$5,806$3,223$1,730$906$313
47 years$9,675$5,541$3,028$1,598$823$276
48 years$9,366$5,289$2,846$1,477$747$244
49 years$9,070$5,051$2,675$1,365$679$215
50 years$8,787$4,825$2,515$1,262$617$190

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 $4,948 every year, while hoping to spend $31,672 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: 64/29/7 Blend
68$9,000,000$9,000,000$9,000,000$9,000,000
69$9,923,104$9,446,104$9,306,604$10,545,035
70$10,901,562$9,875,264$9,584,676$11,388,969
71$11,978,761$10,324,392$9,871,003$12,306,126
72$13,164,739$10,794,432$10,165,826$13,306,982
73$14,470,558$11,286,374$10,469,397$14,399,658
74$15,908,405$11,801,257$10,781,972$15,593,084
75$17,491,711$12,340,167$11,103,816$16,897,082
76$19,235,274$12,904,244$11,435,203$18,322,456
77$21,155,403$13,494,683$11,776,413$19,881,091
78$23,270,066$14,112,734$12,127,734$21,586,062
79$25,599,063$14,759,709$12,489,465$23,451,754
80$28,164,216$15,436,982$12,861,909$25,493,998
81$30,989,566$16,145,995$13,245,384$27,730,210
82$34,101,609$16,888,256$13,640,211$30,179,561
83$37,529,540$17,665,347$14,046,725$32,863,147
84$41,305,532$18,478,928$14,465,269$35,804,187
85$45,465,036$19,330,735$14,896,195$39,028,240
86$50,047,119$20,222,591$15,339,868$42,563,439
87$55,094,831$21,156,404$15,796,659$46,440,753
88$60,655,611$22,134,175$16,266,955$50,694,279
89$66,781,736$23,158,002$16,751,150$55,361,551
90$73,530,811$24,230,083$17,249,652$60,483,898
91$80,966,319$25,352,722$17,762,881$66,106,822
92$89,158,213$26,528,334$18,291,266$72,280,426
93$98,183,579$27,759,451$18,835,252$79,059,882
94$108,127,367$29,048,727$19,395,296$86,505,940
95$119,083,186$30,398,943$19,971,866$94,685,505
96$131,154,195$31,813,014$20,565,447$103,672,251
97$144,454,068$33,293,997$21,176,535$113,547,320
98$159,108,076$34,845,096$21,805,642$124,400,072
99$175,254,263$36,469,669$22,453,295$136,328,928
100$193,044,752$38,171,237$23,120,034$149,442,286