Can I retire at age 69 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$784,501$777,513$770,696$764,041$757,543$744,381
2 years$388,367$381,134$374,124$367,327$360,735$347,517
3 years$256,339$249,075$242,083$235,350$228,865$216,003
4 years$190,339$183,097$176,174$169,557$163,228$150,821
5 years$150,748$143,550$136,719$130,236$124,084$112,167
6 years$124,364$117,219$110,489$104,151$98,183$86,771
7 years$105,525$98,441$91,817$85,628$79,849$68,944
8 years$91,402$84,382$77,868$71,831$66,243$55,842
9 years$80,423$73,470$67,068$61,184$55,786$45,884
10 years$71,646$64,760$58,471$52,741$47,532$38,121
11 years$64,469$57,652$51,477$45,901$40,879$31,949
12 years$58,492$51,745$45,685$40,261$35,425$26,963
13 years$53,439$46,763$40,816$35,545$30,891$22,884
14 years$49,111$42,506$36,673$31,552$27,079$19,513
15 years$45,364$38,830$33,111$28,139$23,843$16,704
16 years$42,089$35,626$30,020$25,196$21,072$14,345
17 years$39,201$32,810$27,317$22,638$18,684$12,353
18 years$36,638$30,318$24,937$20,401$16,613$10,662
19 years$34,347$28,098$22,829$18,434$14,808$9,220
20 years$32,287$26,110$20,951$16,696$13,226$7,987
21 years$30,427$24,321$19,271$15,153$11,836$6,929
22 years$28,737$22,702$17,761$13,777$10,609$6,018
23 years$27,197$21,233$16,399$12,547$9,524$5,233
24 years$25,787$19,894$15,167$11,444$8,560$4,554
25 years$24,492$18,670$14,047$10,451$7,703$3,967
26 years$23,299$17,546$13,028$9,556$6,938$3,457
27 years$22,196$16,513$12,098$8,747$6,256$3,015
28 years$21,173$15,560$11,246$8,014$5,644$2,631
29 years$20,223$14,679$10,466$7,349$5,097$2,297
30 years$19,338$13,863$9,748$6,745$4,605$2,006
31 years$18,511$13,105$9,088$6,194$4,164$1,752
32 years$17,738$12,400$8,479$5,693$3,766$1,531
33 years$17,013$11,743$7,917$5,235$3,408$1,338
34 years$16,332$11,130$7,397$4,817$3,086$1,170
35 years$15,692$10,557$6,916$4,434$2,795$1,023
36 years$15,088$10,020$6,470$4,084$2,533$895
37 years$14,519$9,516$6,056$3,762$2,295$783
38 years$13,980$9,044$5,671$3,468$2,081$685
39 years$13,471$8,600$5,313$3,198$1,887$599
40 years$12,988$8,182$4,980$2,949$1,712$524
41 years$12,530$7,789$4,670$2,721$1,553$459
42 years$12,095$7,418$4,380$2,511$1,409$402
43 years$11,681$7,068$4,110$2,318$1,279$351
44 years$11,287$6,737$3,858$2,140$1,161$308
45 years$10,912$6,424$3,623$1,977$1,054$269
46 years$10,554$6,128$3,403$1,826$957$236
47 years$10,213$5,848$3,197$1,687$869$206
48 years$9,886$5,583$3,004$1,559$789$181
49 years$9,574$5,332$2,823$1,441$717$158
50 years$9,275$5,093$2,654$1,332$651$138

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $9,500,000, adding $4,035 every year, while hoping to spend $27,324 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: 56/23/21 Blend
68$9,500,000$9,500,000$9,500,000$9,500,000
69$10,473,162$9,969,662$9,822,412$11,000,071
70$11,512,352$10,429,103$10,122,390$11,819,838
71$12,656,624$10,910,141$10,431,502$12,709,208
72$13,916,666$11,413,805$10,750,025$13,677,527
73$15,304,259$11,941,174$11,078,243$14,732,384
74$16,832,381$12,493,379$11,416,452$15,882,129
75$18,515,335$13,071,605$11,764,954$17,135,937
76$20,368,880$13,677,095$12,124,061$18,503,903
77$22,410,385$14,311,152$12,494,096$19,997,129
78$24,658,984$14,975,138$12,875,388$21,627,824
79$27,135,768$15,670,487$13,268,281$23,409,423
80$29,863,972$16,398,697$13,673,124$25,356,705
81$32,869,205$17,161,341$14,090,281$27,485,929
82$36,179,683$17,960,066$14,520,125$29,814,988
83$39,826,501$18,796,600$14,963,040$32,363,571
84$43,843,924$19,672,753$15,419,422$35,153,347
85$48,269,711$20,590,424$15,889,679$38,208,164
86$53,145,470$21,551,603$16,374,231$41,554,271
87$58,517,051$22,558,376$16,873,512$45,220,560
88$64,434,983$23,612,929$17,387,967$49,238,838
89$70,954,943$24,717,554$17,918,056$53,644,117
90$78,138,289$25,874,655$18,464,252$58,474,945
91$86,052,632$27,086,752$19,027,042$63,773,761
92$94,772,483$28,356,484$19,606,930$69,587,292
93$104,379,946$29,686,622$20,204,432$75,966,987
94$114,965,501$31,080,067$20,820,082$82,969,500
95$126,628,855$32,539,864$21,454,428$90,657,215
96$139,479,883$34,069,202$22,108,036$99,098,831
97$153,639,665$35,671,426$22,781,488$108,370,002
98$169,241,629$37,350,044$23,475,386$118,554,045
99$186,432,810$39,108,732$24,190,347$129,742,722
100$205,375,241$40,951,344$24,927,008$142,037,093