Can I retire at age 69 with 9,200,000?

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 $9,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$759,727$752,960$746,358$739,913$733,621$727,778
2 years$376,103$369,098$362,310$355,728$349,343$343,454
3 years$248,244$241,210$234,438$227,918$221,638$215,884
4 years$184,328$177,315$170,611$164,202$158,074$152,500
5 years$145,988$139,017$132,401$126,123$120,165$114,787
6 years$120,436$113,518$107,000$100,862$95,083$89,908
7 years$102,192$95,332$88,917$82,924$77,328$72,358
8 years$88,516$81,717$75,409$69,563$64,151$59,387
9 years$77,884$71,149$64,950$59,252$54,024$49,464
10 years$69,383$62,715$56,625$51,076$46,031$41,673
11 years$62,433$55,831$49,851$44,451$39,588$35,428
12 years$56,645$50,111$44,242$38,990$34,307$30,341
13 years$51,751$45,286$39,527$34,422$29,916$26,140
14 years$47,560$41,164$35,515$30,556$26,224$22,634
15 years$43,932$37,604$32,066$27,251$23,090$19,680
16 years$40,759$34,501$29,072$24,400$20,407$17,172
17 years$37,963$31,774$26,455$21,923$18,094$15,029
18 years$35,481$29,360$24,150$19,757$16,088$13,187
19 years$33,262$27,211$22,108$17,852$14,340$11,597
20 years$31,268$25,286$20,289$16,169$12,809$10,218
21 years$29,466$23,553$18,662$14,674$11,462$9,019
22 years$27,830$21,986$17,200$13,342$10,274$7,971
23 years$26,338$20,563$15,881$12,151$9,223$7,054
24 years$24,973$19,266$14,688$11,082$8,290$6,250
25 years$23,719$18,080$13,604$10,121$7,460$5,543
26 years$22,563$16,992$12,617$9,254$6,719$4,920
27 years$21,495$15,992$11,716$8,471$6,058$4,370
28 years$20,505$15,069$10,891$7,761$5,466$3,885
29 years$19,585$14,216$10,135$7,117$4,936$3,455
30 years$18,727$13,425$9,441$6,532$4,460$3,075
31 years$17,927$12,691$8,801$5,999$4,032$2,737
32 years$17,178$12,009$8,212$5,513$3,647$2,438
33 years$16,476$11,372$7,667$5,070$3,301$2,172
34 years$15,817$10,778$7,164$4,664$2,989$1,936
35 years$15,196$10,223$6,698$4,294$2,707$1,726
36 years$14,612$9,703$6,266$3,955$2,453$1,539
37 years$14,060$9,216$5,864$3,644$2,223$1,373
38 years$13,539$8,758$5,492$3,358$2,015$1,225
39 years$13,045$8,328$5,145$3,097$1,827$1,093
40 years$12,578$7,924$4,823$2,856$1,658$975
41 years$12,134$7,543$4,522$2,635$1,504$871
42 years$11,713$7,183$4,242$2,432$1,365$777
43 years$11,312$6,844$3,980$2,245$1,238$694
44 years$10,931$6,524$3,736$2,073$1,124$620
45 years$10,568$6,221$3,508$1,914$1,020$553
46 years$10,221$5,935$3,295$1,768$927$494
47 years$9,890$5,664$3,096$1,634$841$441
48 years$9,574$5,407$2,909$1,510$764$394
49 years$9,272$5,163$2,734$1,395$694$352
50 years$8,982$4,932$2,571$1,290$630$314

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $9,200,000, adding $5,946 every year, while hoping to spend $20,886 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: 67/21/12 Blend
68$9,200,000$9,200,000$9,200,000$9,200,000
69$10,144,533$9,656,933$9,514,333$10,796,901
70$11,157,053$10,107,900$9,810,841$11,682,945
71$12,272,150$10,580,265$10,116,582$12,648,299
72$13,500,265$11,075,053$10,431,842$13,703,220
73$14,852,902$11,593,342$10,756,920$14,856,478
74$16,342,741$12,136,258$11,092,119$16,117,719
75$17,983,750$12,704,984$11,437,755$17,497,558
76$19,791,325$13,300,761$11,794,152$19,007,675
77$21,782,429$13,924,887$12,161,645$20,660,922
78$23,975,757$14,578,726$12,540,580$22,471,444
79$26,391,906$15,263,706$12,931,312$24,454,811
80$29,053,578$15,981,325$13,334,208$26,628,157
81$31,985,785$16,733,152$13,749,646$29,010,345
82$35,216,093$17,520,834$14,178,017$31,622,137
83$38,774,876$18,346,098$14,619,723$34,486,391
84$42,695,608$19,210,751$15,075,178$37,628,271
85$47,015,174$20,116,692$15,544,810$41,075,482
86$51,774,221$21,065,909$16,029,061$44,858,529
87$57,017,542$22,060,488$16,528,384$49,010,998
88$62,794,494$23,102,615$17,043,248$53,569,875
89$69,159,473$24,194,584$17,574,137$58,575,885
90$76,172,417$25,338,796$18,121,549$64,073,876
91$83,899,381$26,537,774$18,685,997$70,113,235
92$92,413,151$27,794,159$19,268,012$76,748,354
93$101,793,942$29,110,722$19,868,140$84,039,135
94$112,130,145$30,490,368$20,486,943$92,051,551
95$123,519,166$31,936,143$21,125,003$100,858,265
96$136,068,348$33,451,241$21,782,917$110,539,309
97$149,895,979$35,039,011$22,461,304$121,182,835
98$165,132,411$36,702,964$23,160,800$132,885,940
99$181,921,290$38,446,783$23,882,060$145,755,575
100$200,420,915$40,274,329$24,625,762$159,909,554