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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.1%
1 years$759,727$752,960$746,358$739,913$733,621$712,421
2 years$376,103$369,098$362,310$355,728$349,343$328,154
3 years$248,244$241,210$234,438$227,918$221,638$201,122
4 years$184,328$177,315$170,611$164,202$158,074$138,389
5 years$145,988$139,017$132,401$126,123$120,165$101,365
6 years$120,436$113,518$107,000$100,862$95,083$77,185
7 years$102,192$95,332$88,917$82,924$77,328$60,332
8 years$88,516$81,717$75,409$69,563$64,151$48,047
9 years$77,884$71,149$64,950$59,252$54,024$38,796
10 years$69,383$62,715$56,625$51,076$46,031$31,658
11 years$62,433$55,831$49,851$44,451$39,588$26,047
12 years$56,645$50,111$44,242$38,990$34,307$21,570
13 years$51,751$45,286$39,527$34,422$29,916$17,956
14 years$47,560$41,164$35,515$30,556$26,224$15,011
15 years$43,932$37,604$32,066$27,251$23,090$12,592
16 years$40,759$34,501$29,072$24,400$20,407$10,593
17 years$37,963$31,774$26,455$21,923$18,094$8,933
18 years$35,481$29,360$24,150$19,757$16,088$7,548
19 years$33,262$27,211$22,108$17,852$14,340$6,388
20 years$31,268$25,286$20,289$16,169$12,809$5,413
21 years$29,466$23,553$18,662$14,674$11,462$4,593
22 years$27,830$21,986$17,200$13,342$10,274$3,901
23 years$26,338$20,563$15,881$12,151$9,223$3,316
24 years$24,973$19,266$14,688$11,082$8,290$2,820
25 years$23,719$18,080$13,604$10,121$7,460$2,400
26 years$22,563$16,992$12,617$9,254$6,719$2,044
27 years$21,495$15,992$11,716$8,471$6,058$1,741
28 years$20,505$15,069$10,891$7,761$5,466$1,484
29 years$19,585$14,216$10,135$7,117$4,936$1,265
30 years$18,727$13,425$9,441$6,532$4,460$1,079
31 years$17,927$12,691$8,801$5,999$4,032$920
32 years$17,178$12,009$8,212$5,513$3,647$785
33 years$16,476$11,372$7,667$5,070$3,301$669
34 years$15,817$10,778$7,164$4,664$2,989$571
35 years$15,196$10,223$6,698$4,294$2,707$488
36 years$14,612$9,703$6,266$3,955$2,453$416
37 years$14,060$9,216$5,864$3,644$2,223$355
38 years$13,539$8,758$5,492$3,358$2,015$303
39 years$13,045$8,328$5,145$3,097$1,827$259
40 years$12,578$7,924$4,823$2,856$1,658$221
41 years$12,134$7,543$4,522$2,635$1,504$189
42 years$11,713$7,183$4,242$2,432$1,365$161
43 years$11,312$6,844$3,980$2,245$1,238$137
44 years$10,931$6,524$3,736$2,073$1,124$117
45 years$10,568$6,221$3,508$1,914$1,020$100
46 years$10,221$5,935$3,295$1,768$927$86
47 years$9,890$5,664$3,096$1,634$841$73
48 years$9,574$5,407$2,909$1,510$764$62
49 years$9,272$5,163$2,734$1,395$694$53
50 years$8,982$4,932$2,571$1,290$630$46

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 $4,960 every year, while hoping to spend $55,133 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: 30/47/23 Blend
68$9,200,000$9,200,000$9,200,000$9,200,000
69$10,143,516$9,655,916$9,513,316$10,375,152
70$11,119,494$10,070,395$9,773,351$10,967,884
71$12,193,173$10,503,335$10,040,250$11,599,851
72$13,374,462$10,955,584$10,314,183$12,278,590
73$14,674,276$11,428,027$10,595,327$13,008,187
74$16,104,643$11,921,591$10,883,862$13,793,119
75$17,678,816$12,437,248$11,179,970$14,638,289
76$19,411,397$12,976,014$11,483,840$15,549,072
77$21,318,475$13,538,955$11,795,665$16,531,357
78$23,417,779$14,127,183$12,115,639$17,591,602
79$25,728,844$14,741,867$12,443,965$18,736,887
80$28,273,194$15,384,227$12,780,846$19,974,981
81$31,074,549$16,055,543$13,126,494$21,314,404
82$34,159,043$16,757,155$13,481,121$22,764,510
83$37,555,475$17,490,464$13,844,948$24,335,561
84$41,295,577$18,256,941$14,218,197$26,038,828
85$45,414,317$19,058,122$14,601,097$27,886,682
86$49,950,226$19,895,618$14,993,883$29,892,712
87$54,945,762$20,771,117$15,396,792$32,071,843
88$60,447,713$21,686,385$15,810,067$34,440,472
89$66,507,633$22,643,271$16,233,958$37,016,614
90$73,182,334$23,643,714$16,668,718$39,820,068
91$80,534,419$24,689,743$17,114,607$42,872,591
92$88,632,872$25,783,483$17,571,889$46,198,102
93$97,553,712$26,927,160$18,040,834$49,822,894
94$107,380,706$28,123,107$18,521,717$53,775,875
95$118,206,164$29,373,765$19,014,821$58,088,836
96$130,131,807$30,681,693$19,520,431$62,796,733
97$143,269,726$32,049,571$20,038,840$67,938,016
98$157,743,444$33,480,206$20,570,347$73,554,977
99$173,689,078$34,976,539$21,115,257$79,694,138
100$191,256,624$36,541,649$21,673,878$86,406,681