Can I retire at age 69 with 9,700,000?

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$801,017$793,882$786,921$780,126$773,492$765,414
2 years$396,543$389,158$382,000$375,061$368,329$360,195
3 years$261,736$254,319$247,180$240,305$233,683$225,744
4 years$194,346$186,951$179,883$173,126$166,665$158,983
5 years$153,922$146,572$139,597$132,978$126,696$119,293
6 years$126,982$119,687$112,815$106,343$100,250$93,135
7 years$107,746$100,513$93,750$87,431$81,530$74,707
8 years$93,326$86,158$79,507$73,343$67,637$61,105
9 years$82,117$75,016$68,480$62,472$56,960$50,716
10 years$73,154$66,123$59,702$53,852$48,533$42,574
11 years$65,826$58,866$52,561$46,867$41,740$36,060
12 years$59,723$52,835$46,646$41,109$36,171$30,765
13 years$54,564$47,747$41,675$36,293$31,542$26,404
14 years$50,145$43,401$37,446$32,217$27,649$22,772
15 years$46,319$39,647$33,808$28,732$24,345$19,720
16 years$42,975$36,376$30,652$25,726$21,516$17,136
17 years$40,027$33,501$27,892$23,115$19,078$14,935
18 years$37,409$30,956$25,462$20,831$16,963$13,049
19 years$35,070$28,690$23,309$18,823$15,119$11,426
20 years$32,967$26,660$21,392$17,047$13,505$10,024
21 years$31,067$24,833$19,677$15,472$12,085$8,807
22 years$29,342$23,180$18,135$14,067$10,833$7,750
23 years$27,770$21,680$16,744$12,811$9,724$6,827
24 years$26,330$20,313$15,486$11,685$8,740$6,021
25 years$25,008$19,063$14,343$10,671$7,865$5,315
26 years$23,790$17,916$13,302$9,757$7,084$4,695
27 years$22,663$16,861$12,352$8,931$6,387$4,151
28 years$21,619$15,888$11,483$8,183$5,763$3,672
29 years$20,649$14,988$10,686$7,504$5,204$3,250
30 years$19,745$14,155$9,954$6,887$4,702$2,878
31 years$18,901$13,381$9,280$6,325$4,251$2,550
32 years$18,111$12,661$8,658$5,813$3,846$2,260
33 years$17,371$11,990$8,084$5,345$3,480$2,003
34 years$16,676$11,364$7,553$4,918$3,151$1,777
35 years$16,022$10,779$7,062$4,527$2,854$1,576
36 years$15,406$10,231$6,606$4,170$2,586$1,398
37 years$14,824$9,717$6,183$3,842$2,344$1,241
38 years$14,275$9,234$5,790$3,541$2,125$1,101
39 years$13,754$8,781$5,425$3,265$1,927$978
40 years$13,261$8,354$5,085$3,011$1,748$868
41 years$12,794$7,953$4,768$2,778$1,586$771
42 years$12,350$7,574$4,472$2,564$1,439$685
43 years$11,927$7,216$4,197$2,367$1,306$608
44 years$11,525$6,879$3,939$2,186$1,185$540
45 years$11,142$6,559$3,699$2,018$1,076$480
46 years$10,776$6,257$3,474$1,864$977$426
47 years$10,428$5,971$3,264$1,723$887$379
48 years$10,094$5,701$3,067$1,592$806$337
49 years$9,776$5,444$2,883$1,471$732$299
50 years$9,471$5,200$2,710$1,360$665$266

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $9,700,000, adding $5,034 every year, while hoping to spend $59,471 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: 72/13/15 Blend
68$9,700,000$9,700,000$9,700,000$9,700,000
69$10,694,593$10,180,493$10,030,143$11,428,314
70$11,722,164$10,616,060$10,302,876$12,351,118
71$12,852,555$11,070,977$10,582,752$13,353,609
72$14,096,190$11,546,129$10,869,948$14,449,852
73$15,464,555$12,042,443$11,164,645$15,649,115
74$16,970,305$12,560,888$11,467,026$16,961,600
75$18,627,385$13,102,481$11,777,281$18,398,539
76$20,451,160$13,668,284$12,095,602$19,972,299
77$22,458,560$14,259,411$12,422,185$21,696,494
78$24,668,237$14,877,027$12,757,233$23,586,116
79$27,100,747$15,522,351$13,100,950$25,657,671
80$29,778,738$16,196,661$13,453,547$27,929,337
81$32,727,166$16,901,294$13,815,237$30,421,130
82$35,973,530$17,637,651$14,186,241$33,155,095
83$39,548,132$18,407,197$14,566,781$36,155,508
84$43,484,360$19,211,468$14,957,087$39,449,108
85$47,819,006$20,052,071$15,357,391$43,065,340
86$52,592,612$20,930,690$15,767,931$47,036,641
87$57,849,852$21,849,088$16,188,950$51,398,733
88$63,639,953$22,809,109$16,620,697$56,190,968
89$70,017,162$23,812,689$17,063,423$61,456,687
90$77,041,253$24,861,851$17,517,388$67,243,637
91$84,778,094$25,958,716$17,982,854$73,604,409
92$93,300,271$27,105,503$18,460,091$80,596,940
93$102,687,766$28,304,540$18,949,371$88,285,052
94$113,028,717$29,558,263$19,450,975$96,739,053
95$124,420,250$30,869,221$19,965,186$106,036,398
96$136,969,392$32,240,089$20,492,296$116,262,417
97$150,794,081$33,673,665$21,032,599$127,511,114
98$166,024,284$35,172,881$21,586,398$139,886,058
99$182,803,218$36,740,809$22,153,999$153,501,349
100$201,288,703$38,380,666$22,735,715$168,482,696