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%12.8%
1 years$759,727$752,960$746,358$739,913$733,621$725,055
2 years$376,103$369,098$362,310$355,728$349,343$340,721
3 years$248,244$241,210$234,438$227,918$221,638$213,227
4 years$184,328$177,315$170,611$164,202$158,074$149,940
5 years$145,988$139,017$132,401$126,123$120,165$112,332
6 years$120,436$113,518$107,000$100,862$95,083$87,559
7 years$102,192$95,332$88,917$82,924$77,328$70,116
8 years$88,516$81,717$75,409$69,563$64,151$57,252
9 years$77,884$71,149$64,950$59,252$54,024$47,435
10 years$69,383$62,715$56,625$51,076$46,031$39,747
11 years$62,433$55,831$49,851$44,451$39,588$33,603
12 years$56,645$50,111$44,242$38,990$34,307$28,615
13 years$51,751$45,286$39,527$34,422$29,916$24,510
14 years$47,560$41,164$35,515$30,556$26,224$21,096
15 years$43,932$37,604$32,066$27,251$23,090$18,232
16 years$40,759$34,501$29,072$24,400$20,407$15,811
17 years$37,963$31,774$26,455$21,923$18,094$13,751
18 years$35,481$29,360$24,150$19,757$16,088$11,989
19 years$33,262$27,211$22,108$17,852$14,340$10,475
20 years$31,268$25,286$20,289$16,169$12,809$9,169
21 years$29,466$23,553$18,662$14,674$11,462$8,038
22 years$27,830$21,986$17,200$13,342$10,274$7,057
23 years$26,338$20,563$15,881$12,151$9,223$6,203
24 years$24,973$19,266$14,688$11,082$8,290$5,457
25 years$23,719$18,080$13,604$10,121$7,460$4,806
26 years$22,563$16,992$12,617$9,254$6,719$4,236
27 years$21,495$15,992$11,716$8,471$6,058$3,736
28 years$20,505$15,069$10,891$7,761$5,466$3,297
29 years$19,585$14,216$10,135$7,117$4,936$2,911
30 years$18,727$13,425$9,441$6,532$4,460$2,571
31 years$17,927$12,691$8,801$5,999$4,032$2,273
32 years$17,178$12,009$8,212$5,513$3,647$2,009
33 years$16,476$11,372$7,667$5,070$3,301$1,777
34 years$15,817$10,778$7,164$4,664$2,989$1,572
35 years$15,196$10,223$6,698$4,294$2,707$1,391
36 years$14,612$9,703$6,266$3,955$2,453$1,231
37 years$14,060$9,216$5,864$3,644$2,223$1,089
38 years$13,539$8,758$5,492$3,358$2,015$965
39 years$13,045$8,328$5,145$3,097$1,827$854
40 years$12,578$7,924$4,823$2,856$1,658$756
41 years$12,134$7,543$4,522$2,635$1,504$670
42 years$11,713$7,183$4,242$2,432$1,365$593
43 years$11,312$6,844$3,980$2,245$1,238$526
44 years$10,931$6,524$3,736$2,073$1,124$466
45 years$10,568$6,221$3,508$1,914$1,020$413
46 years$10,221$5,935$3,295$1,768$927$366
47 years$9,890$5,664$3,096$1,634$841$324
48 years$9,574$5,407$2,909$1,510$764$287
49 years$9,272$5,163$2,734$1,395$694$254
50 years$8,982$4,932$2,571$1,290$630$226

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 $4,268 every year, while hoping to spend $42,052 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: 36/47/17 Blend
68$9,200,000$9,200,000$9,200,000$9,200,000
69$10,142,802$9,655,202$9,512,602$10,455,186
70$11,132,625$10,083,564$9,786,532$11,110,408
71$12,222,001$10,531,507$10,068,228$11,813,019
72$13,421,039$10,999,944$10,357,907$12,570,645
73$14,740,879$11,489,836$10,655,792$13,388,218
74$16,193,796$12,002,185$10,962,108$14,271,142
75$17,793,315$12,538,044$11,277,090$15,225,343
76$19,554,339$13,098,514$11,600,979$16,257,319
77$21,493,290$13,684,750$11,934,020$17,374,196
78$23,628,262$14,297,959$12,276,467$18,583,794
79$25,979,196$14,939,410$12,628,579$19,894,693
80$28,568,062$15,610,429$12,990,624$21,316,312
81$31,419,070$16,312,406$13,362,876$22,858,988
82$34,558,898$17,046,797$13,745,616$24,534,073
83$38,016,944$17,815,129$14,139,133$26,354,032
84$41,825,602$18,618,999$14,543,723$28,332,558
85$46,020,567$19,460,084$14,959,691$30,484,690
86$50,641,174$20,340,137$15,387,350$32,826,954
87$55,730,768$21,260,998$15,827,020$35,377,509
88$61,337,112$22,224,593$16,279,032$38,156,312
89$67,512,841$23,232,942$16,743,723$41,185,299
90$74,315,954$24,288,159$17,221,440$44,488,582
91$81,810,363$25,392,460$17,712,540$48,092,673
92$90,066,498$26,548,169$18,217,389$52,026,723
93$99,161,971$27,757,720$18,736,362$56,322,787
94$109,182,306$29,023,662$19,269,844$61,016,120
95$120,221,749$30,348,668$19,818,230$66,145,498
96$132,384,154$31,735,540$20,381,928$71,753,576
97$145,783,967$33,187,211$20,961,352$77,887,276
98$160,547,306$34,706,759$21,556,932$84,598,224
99$176,813,146$36,297,405$22,169,104$91,943,220
100$194,734,638$37,962,529$22,798,320$99,984,766