Can I retire at age 69 with 9,400,000?

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$776,243$769,329$762,583$755,999$749,569$744,533
2 years$384,279$377,122$370,186$363,461$356,938$351,859
3 years$253,641$246,453$239,535$232,873$226,456$221,491
4 years$188,335$181,169$174,320$167,772$161,510$156,698
5 years$149,162$142,039$135,279$128,865$122,778$118,132
6 years$123,055$115,985$109,326$103,054$97,150$92,677
7 years$104,414$97,404$90,850$84,727$79,009$74,711
8 years$90,440$83,494$77,048$71,075$65,545$61,422
9 years$79,577$72,696$66,362$60,540$55,199$51,249
10 years$70,892$64,078$57,856$52,186$47,032$43,254
11 years$63,790$57,045$50,935$45,418$40,449$36,841
12 years$57,876$51,201$45,204$39,837$35,052$31,610
13 years$52,876$46,270$40,386$35,170$30,566$27,286
14 years$48,594$42,058$36,287$31,220$26,794$23,673
15 years$44,887$38,421$32,763$27,843$23,592$20,624
16 years$41,646$35,251$29,704$24,930$20,850$18,033
17 years$38,789$32,465$27,030$22,400$18,487$15,815
18 years$36,252$29,999$24,675$20,187$16,438$13,907
19 years$33,985$27,802$22,588$18,240$14,652$12,256
20 years$31,948$25,835$20,730$16,520$13,087$10,823
21 years$30,106$24,065$19,068$14,993$11,712$9,573
22 years$28,435$22,463$17,574$13,632$10,498$8,480
23 years$26,911$21,010$16,227$12,415$9,423$7,522
24 years$25,516$19,685$15,007$11,323$8,470$6,680
25 years$24,235$18,473$13,899$10,341$7,622$5,938
26 years$23,054$17,362$12,891$9,455$6,865$5,283
27 years$21,962$16,339$11,970$8,655$6,190$4,704
28 years$20,951$15,397$11,128$7,930$5,585$4,191
29 years$20,010$14,525$10,356$7,272$5,043$3,737
30 years$19,134$13,717$9,646$6,674$4,557$3,333
31 years$18,317$12,967$8,993$6,129$4,120$2,975
32 years$17,551$12,270$8,390$5,633$3,727$2,656
33 years$16,834$11,620$7,834$5,180$3,373$2,372
34 years$16,160$11,013$7,320$4,766$3,054$2,120
35 years$15,527$10,445$6,843$4,387$2,766$1,895
36 years$14,929$9,914$6,402$4,041$2,506$1,694
37 years$14,366$9,416$5,992$3,723$2,271$1,515
38 years$13,833$8,949$5,611$3,431$2,059$1,355
39 years$13,329$8,509$5,257$3,164$1,867$1,212
40 years$12,851$8,096$4,927$2,918$1,694$1,084
41 years$12,398$7,707$4,620$2,692$1,536$970
42 years$11,968$7,340$4,334$2,485$1,394$869
43 years$11,558$6,993$4,067$2,294$1,265$777
44 years$11,169$6,666$3,818$2,118$1,149$696
45 years$10,797$6,357$3,585$1,956$1,043$623
46 years$10,443$6,064$3,367$1,807$947$558
47 years$10,105$5,787$3,163$1,669$860$500
48 years$9,782$5,524$2,972$1,542$781$447
49 years$9,473$5,275$2,794$1,425$709$401
50 years$9,178$5,039$2,627$1,318$644$359

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $9,400,000, adding $5,413 every year, while hoping to spend $45,919 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: 53/32/15 Blend
68$9,400,000$9,400,000$9,400,000$9,400,000
69$10,364,384$9,866,184$9,720,484$10,871,803
70$11,372,693$10,300,769$9,997,262$11,653,576
71$12,482,311$10,755,110$10,281,774$12,498,394
72$13,703,523$11,230,127$10,574,230$13,416,565
73$15,047,661$11,726,781$10,874,845$14,415,065
74$16,527,212$12,246,083$11,183,842$15,501,559
75$18,155,935$12,789,088$11,501,447$16,684,474
76$19,948,990$13,356,904$11,827,896$17,973,072
77$21,923,083$13,950,688$12,163,427$19,377,537
78$24,096,622$14,571,656$12,508,286$20,909,065
79$26,489,889$15,221,079$12,862,725$22,579,969
80$29,125,235$15,900,289$13,227,003$24,403,791
81$32,027,288$16,610,682$13,601,386$26,395,424
82$35,223,185$17,353,719$13,986,147$28,571,252
83$38,742,830$18,130,932$14,381,563$30,949,297
84$42,619,177$18,943,925$14,787,923$33,549,390
85$46,888,535$19,794,380$15,205,521$36,393,347
86$51,590,916$20,684,055$15,634,657$39,505,177
87$56,770,413$21,614,797$16,075,641$42,911,298
88$62,475,611$22,588,538$16,528,791$46,640,786
89$68,760,050$23,607,303$16,994,432$50,725,641
90$75,682,727$24,673,213$17,472,897$55,201,086
91$83,308,655$25,788,491$17,964,530$60,105,891
92$91,709,476$26,955,465$18,469,680$65,482,736
93$100,964,137$28,176,576$18,988,708$71,378,606
94$111,159,631$29,454,381$19,521,982$77,845,226
95$122,391,827$30,791,559$20,069,882$84,939,546
96$134,766,365$32,190,917$20,632,794$92,724,270
97$148,399,658$33,655,396$21,211,117$101,268,440
98$163,419,992$35,188,079$21,805,258$110,648,080
99$179,968,733$36,792,197$22,415,636$120,946,906
100$198,201,661$38,471,132$23,042,677$132,257,105