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

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$776,243$769,329$762,583$755,999$749,569$721,254
2 years$384,279$377,122$370,186$363,461$356,938$328,739
3 years$253,641$246,453$239,535$232,873$226,456$199,261
4 years$188,335$181,169$174,320$167,772$161,510$135,527
5 years$149,162$142,039$135,279$128,865$122,778$98,073
6 years$123,055$115,985$109,326$103,054$97,150$73,740
7 years$104,414$97,404$90,850$84,727$79,009$56,888
8 years$90,440$83,494$77,048$71,075$65,545$44,692
9 years$79,577$72,696$66,362$60,540$55,199$35,584
10 years$70,892$64,078$57,856$52,186$47,032$28,620
11 years$63,790$57,045$50,935$45,418$40,449$23,199
12 years$57,876$51,201$45,204$39,837$35,052$18,920
13 years$52,876$46,270$40,386$35,170$30,566$15,505
14 years$48,594$42,058$36,287$31,220$26,794$12,756
15 years$44,887$38,421$32,763$27,843$23,592$10,528
16 years$41,646$35,251$29,704$24,930$20,850$8,711
17 years$38,789$32,465$27,030$22,400$18,487$7,222
18 years$36,252$29,999$24,675$20,187$16,438$5,998
19 years$33,985$27,802$22,588$18,240$14,652$4,989
20 years$31,948$25,835$20,730$16,520$13,087$4,154
21 years$30,106$24,065$19,068$14,993$11,712$3,463
22 years$28,435$22,463$17,574$13,632$10,498$2,888
23 years$26,911$21,010$16,227$12,415$9,423$2,411
24 years$25,516$19,685$15,007$11,323$8,470$2,014
25 years$24,235$18,473$13,899$10,341$7,622$1,683
26 years$23,054$17,362$12,891$9,455$6,865$1,406
27 years$21,962$16,339$11,970$8,655$6,190$1,176
28 years$20,951$15,397$11,128$7,930$5,585$984
29 years$20,010$14,525$10,356$7,272$5,043$823
30 years$19,134$13,717$9,646$6,674$4,557$688
31 years$18,317$12,967$8,993$6,129$4,120$576
32 years$17,551$12,270$8,390$5,633$3,727$482
33 years$16,834$11,620$7,834$5,180$3,373$404
34 years$16,160$11,013$7,320$4,766$3,054$338
35 years$15,527$10,445$6,843$4,387$2,766$283
36 years$14,929$9,914$6,402$4,041$2,506$237
37 years$14,366$9,416$5,992$3,723$2,271$198
38 years$13,833$8,949$5,611$3,431$2,059$166
39 years$13,329$8,509$5,257$3,164$1,867$139
40 years$12,851$8,096$4,927$2,918$1,694$116
41 years$12,398$7,707$4,620$2,692$1,536$98
42 years$11,968$7,340$4,334$2,485$1,394$82
43 years$11,558$6,993$4,067$2,294$1,265$68
44 years$11,169$6,666$3,818$2,118$1,149$57
45 years$10,797$6,357$3,585$1,956$1,043$48
46 years$10,443$6,064$3,367$1,807$947$40
47 years$10,105$5,787$3,163$1,669$860$34
48 years$9,782$5,524$2,972$1,542$781$28
49 years$9,473$5,275$2,794$1,425$709$24
50 years$9,178$5,039$2,627$1,318$644$20

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 $4,169 every year, while hoping to spend $57,979 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: 35/50/15 Blend
68$9,400,000$9,400,000$9,400,000$9,400,000
69$10,363,100$9,864,900$9,719,200$10,677,627
70$11,358,447$10,286,591$9,983,104$11,327,925
71$12,453,377$10,727,002$10,253,906$12,023,342
72$13,657,984$11,186,988$10,531,775$12,772,429
73$14,983,394$11,667,446$10,816,885$13,579,974
74$16,441,863$12,169,314$11,109,414$14,451,224
75$18,046,896$12,693,573$11,409,542$15,391,930
76$19,813,374$13,241,252$11,717,455$16,408,400
77$21,757,691$13,813,427$12,033,343$17,507,552
78$23,897,914$14,411,224$12,357,399$18,696,975
79$26,253,950$15,035,822$12,689,821$19,984,996
80$28,847,732$15,688,457$13,030,809$21,380,754
81$31,703,431$16,370,421$13,380,571$22,894,282
82$34,847,677$17,083,068$13,739,317$24,536,594
83$38,309,818$17,827,816$14,107,261$26,319,786
84$42,122,188$18,606,148$14,484,623$28,257,142
85$46,320,420$19,419,618$14,871,627$30,363,257
86$50,943,778$20,269,854$15,268,502$32,654,162
87$56,035,527$21,158,560$15,675,480$35,147,476
88$61,643,342$22,087,521$16,092,799$37,862,559
89$67,819,757$23,058,604$16,520,703$40,820,694
90$74,622,664$24,073,768$16,959,438$44,045,272
91$82,115,855$25,135,061$17,409,258$47,562,012
92$90,369,624$26,244,630$17,870,420$51,399,195
93$99,461,432$27,404,724$18,343,186$55,587,916
94$109,476,640$28,617,697$18,827,824$60,162,376
95$120,509,308$29,886,015$19,324,607$65,160,189
96$132,663,089$31,212,261$19,833,813$70,622,733
97$146,052,203$32,599,141$20,355,725$76,595,526
98$160,802,517$34,049,489$20,890,631$83,128,647
99$177,052,733$35,566,273$21,438,826$90,277,194
100$194,955,694$37,152,602$22,000,609$98,101,798