Can I retire at age 69 with 9,300,000?

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 $9,300,000?

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$767,985$761,144$754,470$747,956$741,595$735,689
2 years$380,191$373,110$366,248$359,594$353,141$347,187
3 years$250,943$243,832$236,987$230,396$224,047$218,230
4 years$186,331$179,242$172,466$165,987$159,792$154,157
5 years$147,575$140,528$133,840$127,494$121,471$116,035
6 years$121,745$114,752$108,163$101,958$96,116$90,885
7 years$103,303$96,368$89,884$83,825$78,168$73,145
8 years$89,478$82,605$76,229$70,319$64,848$60,032
9 years$78,730$71,923$65,656$59,896$54,611$50,002
10 years$70,137$63,396$57,240$51,631$46,532$42,126
11 years$63,111$56,438$50,393$44,934$40,019$35,813
12 years$57,261$50,656$44,723$39,414$34,679$30,670
13 years$52,314$45,778$39,957$34,796$30,241$26,424
14 years$48,077$41,611$35,901$30,888$26,509$22,880
15 years$44,409$38,012$32,414$27,547$23,341$19,894
16 years$41,203$34,876$29,388$24,665$20,629$17,359
17 years$38,376$32,119$26,742$22,162$18,291$15,192
18 years$35,867$29,680$24,412$19,972$16,263$13,331
19 years$33,624$27,507$22,348$18,046$14,496$11,723
20 years$31,608$25,561$20,510$16,344$12,948$10,329
21 years$29,786$23,809$18,865$14,834$11,587$9,117
22 years$28,132$22,225$17,387$13,487$10,386$8,058
23 years$26,625$20,786$16,054$12,283$9,323$7,131
24 years$25,245$19,475$14,847$11,203$8,380$6,318
25 years$23,977$18,277$13,752$10,231$7,541$5,603
26 years$22,809$17,177$12,754$9,355$6,792$4,973
27 years$21,729$16,166$11,843$8,563$6,124$4,418
28 years$20,728$15,233$11,010$7,845$5,526$3,927
29 years$19,797$14,370$10,245$7,194$4,990$3,493
30 years$18,931$13,571$9,543$6,603$4,508$3,108
31 years$18,122$12,829$8,897$6,064$4,076$2,767
32 years$17,365$12,139$8,301$5,573$3,687$2,465
33 years$16,655$11,496$7,751$5,125$3,337$2,196
34 years$15,988$10,896$7,242$4,715$3,021$1,957
35 years$15,361$10,334$6,771$4,341$2,736$1,745
36 years$14,771$9,809$6,334$3,998$2,479$1,556
37 years$14,213$9,316$5,928$3,683$2,247$1,388
38 years$13,686$8,854$5,551$3,395$2,037$1,238
39 years$13,187$8,419$5,201$3,130$1,847$1,105
40 years$12,715$8,010$4,875$2,887$1,676$986
41 years$12,266$7,625$4,571$2,664$1,520$880
42 years$11,840$7,261$4,288$2,458$1,379$786
43 years$11,435$6,919$4,024$2,269$1,252$701
44 years$11,050$6,595$3,777$2,095$1,136$626
45 years$10,682$6,289$3,546$1,935$1,032$559
46 years$10,332$5,999$3,331$1,788$937$499
47 years$9,998$5,725$3,129$1,651$850$446
48 years$9,678$5,466$2,941$1,526$772$398
49 years$9,372$5,219$2,764$1,410$701$356
50 years$9,080$4,986$2,599$1,304$637$318

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $9,300,000, adding $4,375 every year, while hoping to spend $44,208 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: 59/29/12 Blend
68$9,300,000$9,300,000$9,300,000$9,300,000
69$10,253,113$9,760,213$9,616,063$10,827,753
70$11,251,893$10,191,426$9,891,164$11,646,480
71$12,351,068$10,642,288$10,173,999$12,533,491
72$13,560,830$11,113,713$10,464,781$13,499,649
73$14,892,411$11,606,661$10,763,728$14,552,575
74$16,358,187$12,122,138$11,071,063$15,700,650
75$17,971,795$12,661,196$11,387,017$16,953,089
76$19,748,261$13,224,937$11,711,825$18,320,026
77$21,704,142$13,814,517$12,045,729$19,812,607
78$23,857,682$14,431,146$12,388,978$21,443,094
79$26,228,984$15,076,090$12,741,827$23,224,975
80$28,840,200$15,750,678$13,104,538$25,173,089
81$31,715,739$16,456,301$13,477,380$27,303,763
82$34,882,500$17,194,415$13,860,627$29,634,963
83$38,370,120$17,966,546$14,254,563$32,186,458
84$42,211,261$18,774,295$14,659,479$34,980,008
85$46,441,910$19,619,336$15,075,672$38,039,557
86$51,101,726$20,503,425$15,503,449$41,391,463
87$56,234,410$21,428,401$15,943,122$45,064,737
88$61,888,117$22,396,190$16,395,014$49,091,316
89$68,115,913$23,408,811$16,859,455$53,506,357
90$74,976,273$24,468,380$17,336,784$58,348,565
91$82,533,635$25,577,112$17,827,348$63,660,554
92$90,859,006$26,737,331$18,331,504$69,489,242
93$100,030,633$27,951,469$18,849,618$75,886,290
94$110,134,743$29,222,076$19,382,066$82,908,582
95$121,266,353$30,551,824$19,929,231$90,618,759
96$133,530,169$31,943,512$20,491,509$99,085,799
97$147,041,577$33,400,074$21,069,305$108,385,665
98$161,927,725$34,924,585$21,663,034$118,602,015
99$178,328,729$36,520,266$22,273,122$129,826,982
100$196,398,994$38,190,493$22,900,005$142,162,038