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

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$784,501$777,513$770,696$764,041$757,543$741,945
2 years$388,367$381,134$374,124$367,327$360,735$345,091
3 years$256,339$249,075$242,083$235,350$228,865$213,663
4 years$190,339$183,097$176,174$169,557$163,228$148,586
5 years$150,748$143,550$136,719$130,236$124,084$110,042
6 years$124,364$117,219$110,489$104,151$98,183$84,757
7 years$105,525$98,441$91,817$85,628$79,849$67,042
8 years$91,402$84,382$77,868$71,831$66,243$54,051
9 years$80,423$73,470$67,068$61,184$55,786$44,201
10 years$71,646$64,760$58,471$52,741$47,532$36,542
11 years$64,469$57,652$51,477$45,901$40,879$30,471
12 years$58,492$51,745$45,685$40,261$35,425$25,583
13 years$53,439$46,763$40,816$35,545$30,891$21,598
14 years$49,111$42,506$36,673$31,552$27,079$18,317
15 years$45,364$38,830$33,111$28,139$23,843$15,593
16 years$42,089$35,626$30,020$25,196$21,072$13,316
17 years$39,201$32,810$27,317$22,638$18,684$11,401
18 years$36,638$30,318$24,937$20,401$16,613$9,783
19 years$34,347$28,098$22,829$18,434$14,808$8,411
20 years$32,287$26,110$20,951$16,696$13,226$7,242
21 years$30,427$24,321$19,271$15,153$11,836$6,245
22 years$28,737$22,702$17,761$13,777$10,609$5,391
23 years$27,197$21,233$16,399$12,547$9,524$4,658
24 years$25,787$19,894$15,167$11,444$8,560$4,029
25 years$24,492$18,670$14,047$10,451$7,703$3,487
26 years$23,299$17,546$13,028$9,556$6,938$3,020
27 years$22,196$16,513$12,098$8,747$6,256$2,616
28 years$21,173$15,560$11,246$8,014$5,644$2,268
29 years$20,223$14,679$10,466$7,349$5,097$1,967
30 years$19,338$13,863$9,748$6,745$4,605$1,707
31 years$18,511$13,105$9,088$6,194$4,164$1,481
32 years$17,738$12,400$8,479$5,693$3,766$1,286
33 years$17,013$11,743$7,917$5,235$3,408$1,116
34 years$16,332$11,130$7,397$4,817$3,086$969
35 years$15,692$10,557$6,916$4,434$2,795$842
36 years$15,088$10,020$6,470$4,084$2,533$731
37 years$14,519$9,516$6,056$3,762$2,295$636
38 years$13,980$9,044$5,671$3,468$2,081$552
39 years$13,471$8,600$5,313$3,198$1,887$480
40 years$12,988$8,182$4,980$2,949$1,712$417
41 years$12,530$7,789$4,670$2,721$1,553$362
42 years$12,095$7,418$4,380$2,511$1,409$315
43 years$11,681$7,068$4,110$2,318$1,279$274
44 years$11,287$6,737$3,858$2,140$1,161$238
45 years$10,912$6,424$3,623$1,977$1,054$207
46 years$10,554$6,128$3,403$1,826$957$180
47 years$10,213$5,848$3,197$1,687$869$156
48 years$9,886$5,583$3,004$1,559$789$136
49 years$9,574$5,332$2,823$1,441$717$118
50 years$9,275$5,093$2,654$1,332$651$103

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 $2,396 every year, while hoping to spend $50,645 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: 72/10/18 Blend
68$9,500,000$9,500,000$9,500,000$9,500,000
69$10,471,471$9,967,971$9,820,721$11,180,865
70$11,485,676$10,402,516$10,095,830$12,087,092
71$12,601,631$10,856,656$10,378,457$13,072,895
72$13,829,664$11,331,298$10,668,801$14,151,216
73$15,181,149$11,827,392$10,967,066$15,331,217
74$16,668,623$12,345,931$11,273,459$16,622,989
75$18,305,898$12,887,957$11,588,195$18,037,639
76$20,108,193$13,454,560$11,911,493$19,587,399
77$22,092,277$14,046,882$12,243,577$21,285,735
78$24,276,629$14,666,118$12,584,676$23,147,478
79$26,681,609$15,313,522$12,935,027$25,188,958
80$29,329,654$15,990,405$13,294,871$27,428,158
81$32,245,484$16,698,141$13,664,454$29,884,885
82$35,456,342$17,438,168$14,044,032$32,580,951
83$38,992,244$18,211,994$14,433,862$35,540,380
84$42,886,268$19,021,197$14,834,212$38,789,631
85$47,174,862$19,867,430$15,245,353$42,357,848
86$51,898,190$20,752,426$15,667,564$46,277,134
87$57,100,509$21,677,999$16,101,131$50,582,846
88$62,830,589$22,646,049$16,546,348$55,313,936
89$69,142,171$23,658,567$17,003,512$60,513,307
90$76,094,474$24,717,639$17,472,931$66,228,223
91$83,752,756$25,825,449$17,954,920$72,510,750
92$92,188,927$26,984,285$18,449,800$79,418,245
93$101,482,230$28,196,547$18,957,900$87,013,894
94$111,719,985$29,464,746$19,479,557$95,367,309
95$122,998,418$30,791,513$20,015,117$104,555,179
96$135,423,566$32,179,606$20,564,933$114,661,992
97$149,112,277$33,631,914$21,129,365$125,780,832
98$164,193,314$35,151,463$21,708,784$138,014,251
99$180,808,573$36,741,426$22,303,569$151,475,238
100$199,114,416$38,405,124$22,914,107$166,288,278