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%16.8%
1 years$759,727$752,960$746,358$739,913$733,621$713,283
2 years$376,103$369,098$362,310$355,728$349,343$329,005
3 years$248,244$241,210$234,438$227,918$221,638$201,936
4 years$184,328$177,315$170,611$164,202$158,074$139,160
5 years$145,988$139,017$132,401$126,123$120,165$102,091
6 years$120,436$113,518$107,000$100,862$95,083$77,865
7 years$102,192$95,332$88,917$82,924$77,328$60,967
8 years$88,516$81,717$75,409$69,563$64,151$48,638
9 years$77,884$71,149$64,950$59,252$54,024$39,345
10 years$69,383$62,715$56,625$51,076$46,031$32,167
11 years$62,433$55,831$49,851$44,451$39,588$26,516
12 years$56,645$50,111$44,242$38,990$34,307$22,002
13 years$51,751$45,286$39,527$34,422$29,916$18,353
14 years$47,560$41,164$35,515$30,556$26,224$15,374
15 years$43,932$37,604$32,066$27,251$23,090$12,924
16 years$40,759$34,501$29,072$24,400$20,407$10,896
17 years$37,963$31,774$26,455$21,923$18,094$9,209
18 years$35,481$29,360$24,150$19,757$16,088$7,798
19 years$33,262$27,211$22,108$17,852$14,340$6,614
20 years$31,268$25,286$20,289$16,169$12,809$5,618
21 years$29,466$23,553$18,662$14,674$11,462$4,778
22 years$27,830$21,986$17,200$13,342$10,274$4,067
23 years$26,338$20,563$15,881$12,151$9,223$3,466
24 years$24,973$19,266$14,688$11,082$8,290$2,955
25 years$23,719$18,080$13,604$10,121$7,460$2,521
26 years$22,563$16,992$12,617$9,254$6,719$2,152
27 years$21,495$15,992$11,716$8,471$6,058$1,837
28 years$20,505$15,069$10,891$7,761$5,466$1,570
29 years$19,585$14,216$10,135$7,117$4,936$1,341
30 years$18,727$13,425$9,441$6,532$4,460$1,147
31 years$17,927$12,691$8,801$5,999$4,032$980
32 years$17,178$12,009$8,212$5,513$3,647$838
33 years$16,476$11,372$7,667$5,070$3,301$717
34 years$15,817$10,778$7,164$4,664$2,989$613
35 years$15,196$10,223$6,698$4,294$2,707$525
36 years$14,612$9,703$6,266$3,955$2,453$449
37 years$14,060$9,216$5,864$3,644$2,223$384
38 years$13,539$8,758$5,492$3,358$2,015$329
39 years$13,045$8,328$5,145$3,097$1,827$281
40 years$12,578$7,924$4,823$2,856$1,658$241
41 years$12,134$7,543$4,522$2,635$1,504$206
42 years$11,713$7,183$4,242$2,432$1,365$176
43 years$11,312$6,844$3,980$2,245$1,238$151
44 years$10,931$6,524$3,736$2,073$1,124$129
45 years$10,568$6,221$3,508$1,914$1,020$111
46 years$10,221$5,935$3,295$1,768$927$95
47 years$9,890$5,664$3,096$1,634$841$81
48 years$9,574$5,407$2,909$1,510$764$69
49 years$9,272$5,163$2,734$1,395$694$59
50 years$8,982$4,932$2,571$1,290$630$51

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 $2,425 every year, while hoping to spend $41,604 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: 62/11/27 Blend
68$9,200,000$9,200,000$9,200,000$9,200,000
69$10,140,901$9,653,301$9,510,701$10,696,283
70$11,131,007$10,082,047$9,785,044$11,502,422
71$12,220,709$10,530,406$10,067,182$12,377,524
72$13,420,122$10,999,297$10,357,333$13,332,194
73$14,740,392$11,489,680$10,655,721$14,374,219
74$16,193,799$12,002,562$10,962,575$15,512,171
75$17,793,875$12,538,995$11,278,130$16,755,483
76$19,555,530$13,100,086$11,602,627$18,114,536
77$21,495,195$13,686,991$11,936,316$19,600,760
78$23,630,973$14,300,922$12,279,450$21,226,735
79$25,982,813$14,943,148$12,632,293$23,006,311
80$28,572,698$15,615,000$12,995,113$24,954,735
81$31,424,849$16,317,871$13,368,185$27,088,795
82$34,565,959$17,053,222$13,751,794$29,426,975
83$38,025,439$17,822,582$14,146,231$31,989,629
84$41,835,699$18,627,553$14,551,795$34,799,170
85$46,032,452$19,469,816$14,968,793$37,880,277
86$50,655,055$20,351,129$15,397,539$41,260,130
87$55,746,872$21,273,336$15,838,359$44,968,663
88$61,355,692$22,238,369$16,291,583$49,038,843
89$67,534,176$23,248,252$16,757,554$53,506,976
90$74,340,351$24,305,105$17,236,621$58,413,054
91$81,838,162$25,411,151$17,729,144$63,801,123
92$90,098,077$26,568,719$18,235,492$69,719,700
93$99,197,743$27,780,250$18,756,044$76,222,226
94$109,222,731$29,048,299$19,291,189$83,367,569
95$120,267,331$30,375,548$19,841,325$91,220,574
96$132,435,453$31,764,804$20,406,864$99,852,674
97$145,841,601$33,219,011$20,988,225$109,342,560
98$160,611,954$34,741,252$21,585,841$119,776,919
99$176,885,560$36,334,760$22,200,153$131,251,252
100$194,815,646$38,002,923$22,831,618$143,870,767