Can I retire at age 69 with 9,800,000?

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 $9,800,000?

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$809,275$802,066$795,033$788,169$781,466$751,946
2 years$400,631$393,170$385,938$378,927$372,127$342,728
3 years$264,434$256,941$249,728$242,782$236,092$207,741
4 years$196,349$188,879$181,738$174,911$168,383$141,294
5 years$155,509$148,083$141,036$134,348$128,002$102,246
6 years$128,291$120,921$113,978$107,440$101,284$76,878
7 years$108,857$101,549$94,716$88,332$82,371$59,309
8 years$94,288$87,047$80,327$74,099$68,335$46,594
9 years$82,963$75,790$69,186$63,116$57,548$37,098
10 years$73,908$66,805$60,318$54,407$49,033$29,838
11 years$66,505$59,472$53,103$47,350$42,170$24,186
12 years$60,339$53,379$47,127$41,533$36,544$19,725
13 years$55,126$48,239$42,105$36,667$31,867$16,165
14 years$50,662$43,848$37,832$32,549$27,934$13,299
15 years$46,797$40,056$34,157$29,028$24,596$10,976
16 years$43,418$36,751$30,968$25,991$21,738$9,081
17 years$40,439$33,846$28,180$23,353$19,274$7,530
18 years$37,795$31,275$25,725$21,046$17,138$6,254
19 years$35,431$28,986$23,550$19,017$15,275$5,201
20 years$33,307$26,935$21,613$17,223$13,644$4,331
21 years$31,388$25,089$19,879$15,631$12,210$3,610
22 years$29,645$23,419$18,322$14,212$10,944$3,011
23 years$28,056$21,904$16,917$12,943$9,824$2,514
24 years$26,602$20,522$15,645$11,805$8,830$2,099
25 years$25,266$19,259$14,491$10,781$7,946$1,754
26 years$24,035$18,101$13,440$9,858$7,157$1,466
27 years$22,897$17,035$12,480$9,023$6,453$1,226
28 years$21,842$16,052$11,602$8,267$5,823$1,025
29 years$20,862$15,143$10,796$7,581$5,258$858
30 years$19,949$14,301$10,056$6,958$4,751$718
31 years$19,096$13,519$9,375$6,390$4,295$601
32 years$18,298$12,792$8,747$5,872$3,885$503
33 years$17,550$12,114$8,167$5,400$3,516$421
34 years$16,848$11,481$7,631$4,969$3,183$352
35 years$16,187$10,890$7,135$4,574$2,883$295
36 years$15,565$10,336$6,674$4,213$2,612$247
37 years$14,977$9,817$6,247$3,881$2,368$207
38 years$14,422$9,330$5,850$3,577$2,147$173
39 years$13,896$8,872$5,481$3,299$1,947$145
40 years$13,398$8,441$5,137$3,042$1,766$121
41 years$12,926$8,035$4,817$2,807$1,602$102
42 years$12,477$7,652$4,519$2,591$1,454$85
43 years$12,050$7,291$4,240$2,391$1,319$71
44 years$11,644$6,950$3,980$2,208$1,197$60
45 years$11,257$6,627$3,737$2,039$1,087$50
46 years$10,888$6,322$3,510$1,884$987$42
47 years$10,535$6,033$3,298$1,740$896$35
48 years$10,198$5,759$3,099$1,608$814$29
49 years$9,876$5,500$2,913$1,486$739$25
50 years$9,568$5,254$2,738$1,374$671$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $9,800,000, adding $2,392 every year, while hoping to spend $30,735 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: 42/46/12 Blend
68$9,800,000$9,800,000$9,800,000$9,800,000
69$10,802,067$10,282,667$10,130,767$11,217,674
70$11,871,176$10,753,816$10,437,446$11,980,323
71$13,048,305$11,247,021$10,753,369$12,802,389
72$14,344,437$11,763,331$11,078,812$13,691,866
73$15,771,679$12,303,844$11,414,062$14,654,923
74$17,343,369$12,869,711$11,759,412$15,698,327
75$19,074,206$13,462,140$12,115,165$16,829,499
76$20,980,385$14,082,394$12,481,633$18,056,586
77$23,079,753$14,731,801$12,859,137$19,388,526
78$25,391,977$15,411,748$13,248,007$20,835,134
79$27,938,728$16,123,693$13,648,584$22,407,185
80$30,743,885$16,869,161$14,061,219$24,116,512
81$33,833,764$17,649,753$14,486,273$25,976,111
82$37,237,362$18,467,144$14,924,117$28,000,258
83$40,986,632$19,323,093$15,375,134$30,204,639
84$45,116,786$20,219,443$15,839,718$32,606,488
85$49,666,626$21,158,122$16,318,276$35,224,748
86$54,678,908$22,141,157$16,811,225$38,080,236
87$60,200,752$23,170,669$17,318,996$41,195,838
88$66,284,079$24,248,882$17,842,032$44,596,713
89$72,986,104$25,378,127$18,380,790$48,310,526
90$80,369,879$26,560,847$18,935,739$52,367,697
91$88,504,884$27,799,606$19,507,363$56,801,679
92$97,467,684$29,097,088$20,096,162$61,649,268
93$107,342,651$30,456,109$20,702,646$66,950,937
94$118,222,763$31,879,619$21,327,346$72,751,210
95$130,210,477$33,370,714$21,970,805$79,099,069
96$143,418,702$34,932,635$22,633,583$86,048,406
97$157,971,858$36,568,783$23,316,257$93,658,521
98$174,007,057$38,282,722$24,019,421$101,994,668
99$191,675,391$40,078,190$24,743,685$111,128,658
100$211,143,363$41,959,103$25,489,681$121,139,524