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%17.8%
1 years$801,017$793,882$786,921$780,126$773,492$749,032
2 years$396,543$389,158$382,000$375,061$368,329$343,908
3 years$261,736$254,319$247,180$240,305$233,683$210,067
4 years$194,346$186,951$179,883$173,126$166,665$144,034
5 years$153,922$146,572$139,597$132,978$126,696$105,112
6 years$126,982$119,687$112,815$106,343$100,250$79,731
7 years$107,746$100,513$93,750$87,431$81,530$62,074
8 years$93,326$86,158$79,507$73,343$67,637$49,231
9 years$82,117$75,016$68,480$62,472$56,960$39,584
10 years$73,154$66,123$59,702$53,852$48,533$32,160
11 years$65,826$58,866$52,561$46,867$41,740$26,340
12 years$59,723$52,835$46,646$41,109$36,171$21,712
13 years$54,564$47,747$41,675$36,293$31,542$17,989
14 years$50,145$43,401$37,446$32,217$27,649$14,965
15 years$46,319$39,647$33,808$28,732$24,345$12,492
16 years$42,975$36,376$30,652$25,726$21,516$10,456
17 years$40,027$33,501$27,892$23,115$19,078$8,773
18 years$37,409$30,956$25,462$20,831$16,963$7,374
19 years$35,070$28,690$23,309$18,823$15,119$6,208
20 years$32,967$26,660$21,392$17,047$13,505$5,233
21 years$31,067$24,833$19,677$15,472$12,085$4,416
22 years$29,342$23,180$18,135$14,067$10,833$3,730
23 years$27,770$21,680$16,744$12,811$9,724$3,153
24 years$26,330$20,313$15,486$11,685$8,740$2,667
25 years$25,008$19,063$14,343$10,671$7,865$2,257
26 years$23,790$17,916$13,302$9,757$7,084$1,911
27 years$22,663$16,861$12,352$8,931$6,387$1,619
28 years$21,619$15,888$11,483$8,183$5,763$1,372
29 years$20,649$14,988$10,686$7,504$5,204$1,163
30 years$19,745$14,155$9,954$6,887$4,702$986
31 years$18,901$13,381$9,280$6,325$4,251$836
32 years$18,111$12,661$8,658$5,813$3,846$709
33 years$17,371$11,990$8,084$5,345$3,480$601
34 years$16,676$11,364$7,553$4,918$3,151$510
35 years$16,022$10,779$7,062$4,527$2,854$433
36 years$15,406$10,231$6,606$4,170$2,586$367
37 years$14,824$9,717$6,183$3,842$2,344$312
38 years$14,275$9,234$5,790$3,541$2,125$264
39 years$13,754$8,781$5,425$3,265$1,927$224
40 years$13,261$8,354$5,085$3,011$1,748$190
41 years$12,794$7,953$4,768$2,778$1,586$162
42 years$12,350$7,574$4,472$2,564$1,439$137
43 years$11,927$7,216$4,197$2,367$1,306$116
44 years$11,525$6,879$3,939$2,186$1,185$99
45 years$11,142$6,559$3,699$2,018$1,076$84
46 years$10,776$6,257$3,474$1,864$977$71
47 years$10,428$5,971$3,264$1,723$887$60
48 years$10,094$5,701$3,067$1,592$806$51
49 years$9,776$5,444$2,883$1,471$732$44
50 years$9,471$5,200$2,710$1,360$665$37

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 $2,656 every year, while hoping to spend $28,645 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: 55/37/8 Blend
68$9,700,000$9,700,000$9,700,000$9,700,000
69$10,692,140$10,178,040$10,027,690$11,259,787
70$11,752,260$10,646,286$10,333,139$12,111,876
71$12,919,552$11,136,515$10,647,861$13,035,739
72$14,204,918$11,649,776$10,972,136$14,040,899
73$15,620,370$12,187,165$11,306,253$15,135,084
74$17,179,144$12,749,833$11,650,509$16,326,790
75$18,895,826$13,338,984$12,005,210$17,625,348
76$20,786,489$13,955,883$12,370,673$19,041,019
77$22,868,843$14,601,853$12,747,223$20,585,076
78$25,162,404$15,278,283$13,135,194$22,269,915
79$27,688,678$15,986,628$13,534,932$24,109,165
80$30,471,363$16,728,412$13,946,792$26,117,809
81$33,536,572$17,505,235$14,371,140$28,312,326
82$36,913,083$18,318,772$14,808,353$30,710,840
83$40,632,604$19,170,778$15,258,820$33,333,283
84$44,730,080$20,063,097$15,722,941$36,201,583
85$49,244,017$20,997,657$16,201,127$39,339,861
86$54,216,846$21,976,482$16,693,805$42,774,656
87$59,695,327$23,001,692$17,201,410$46,535,168
88$65,730,986$24,075,511$17,724,393$50,653,528
89$72,380,605$25,200,269$18,263,218$55,165,094
90$79,706,755$26,378,410$18,818,364$60,108,777
91$87,778,386$27,612,494$19,390,321$65,527,405
92$96,671,482$28,905,208$19,979,598$71,468,114
93$106,469,775$30,259,364$20,586,716$77,982,791
94$117,265,534$31,677,915$21,212,214$85,128,550
95$129,160,440$33,163,955$21,856,644$92,968,265
96$142,266,542$34,720,725$22,520,578$101,571,157
97$156,707,315$36,351,627$23,204,604$111,013,433
98$172,618,830$38,060,225$23,909,327$121,378,997
99$190,151,031$39,850,256$24,635,370$132,760,234
100$209,469,156$41,725,640$25,383,375$145,258,869