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%14%
1 years$809,275$802,066$795,033$788,169$781,466$768,520
2 years$400,631$393,170$385,938$378,927$372,127$359,121
3 years$264,434$256,941$249,728$242,782$236,092$223,433
4 years$196,349$188,879$181,738$174,911$168,383$156,167
5 years$155,509$148,083$141,036$134,348$128,002$116,264
6 years$128,291$120,921$113,978$107,440$101,284$90,038
7 years$108,857$101,549$94,716$88,332$82,371$71,620
8 years$94,288$87,047$80,327$74,099$68,335$58,077
9 years$82,963$75,790$69,186$63,116$57,548$47,778
10 years$73,908$66,805$60,318$54,407$49,033$39,743
11 years$66,505$59,472$53,103$47,350$42,170$33,349
12 years$60,339$53,379$47,127$41,533$36,544$28,181
13 years$55,126$48,239$42,105$36,667$31,867$23,950
14 years$50,662$43,848$37,832$32,549$27,934$20,450
15 years$46,797$40,056$34,157$29,028$24,596$17,529
16 years$43,418$36,751$30,968$25,991$21,738$15,075
17 years$40,439$33,846$28,180$23,353$19,274$13,000
18 years$37,795$31,275$25,725$21,046$17,138$11,237
19 years$35,431$28,986$23,550$19,017$15,275$9,732
20 years$33,307$26,935$21,613$17,223$13,644$8,443
21 years$31,388$25,089$19,879$15,631$12,210$7,335
22 years$29,645$23,419$18,322$14,212$10,944$6,381
23 years$28,056$21,904$16,917$12,943$9,824$5,557
24 years$26,602$20,522$15,645$11,805$8,830$4,844
25 years$25,266$19,259$14,491$10,781$7,946$4,226
26 years$24,035$18,101$13,440$9,858$7,157$3,689
27 years$22,897$17,035$12,480$9,023$6,453$3,222
28 years$21,842$16,052$11,602$8,267$5,823$2,816
29 years$20,862$15,143$10,796$7,581$5,258$2,462
30 years$19,949$14,301$10,056$6,958$4,751$2,154
31 years$19,096$13,519$9,375$6,390$4,295$1,885
32 years$18,298$12,792$8,747$5,872$3,885$1,650
33 years$17,550$12,114$8,167$5,400$3,516$1,444
34 years$16,848$11,481$7,631$4,969$3,183$1,265
35 years$16,187$10,890$7,135$4,574$2,883$1,108
36 years$15,565$10,336$6,674$4,213$2,612$971
37 years$14,977$9,817$6,247$3,881$2,368$851
38 years$14,422$9,330$5,850$3,577$2,147$745
39 years$13,896$8,872$5,481$3,299$1,947$653
40 years$13,398$8,441$5,137$3,042$1,766$573
41 years$12,926$8,035$4,817$2,807$1,602$502
42 years$12,477$7,652$4,519$2,591$1,454$440
43 years$12,050$7,291$4,240$2,391$1,319$386
44 years$11,644$6,950$3,980$2,208$1,197$338
45 years$11,257$6,627$3,737$2,039$1,087$297
46 years$10,888$6,322$3,510$1,884$987$260
47 years$10,535$6,033$3,298$1,740$896$228
48 years$10,198$5,759$3,099$1,608$814$200
49 years$9,876$5,500$2,913$1,486$739$175
50 years$9,568$5,254$2,738$1,374$671$154

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 $5,219 every year, while hoping to spend $35,680 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: 60/19/21 Blend
68$9,800,000$9,800,000$9,800,000$9,800,000
69$10,804,983$10,285,583$10,133,683$11,393,221
70$11,869,128$10,751,614$10,435,199$12,258,519
71$13,040,620$11,239,284$10,745,619$13,197,772
72$14,330,371$11,749,616$11,065,204$14,221,726
73$15,750,404$12,283,682$11,394,224$15,338,604
74$17,313,968$12,842,605$11,732,953$16,557,449
75$19,035,661$13,427,562$12,081,675$17,888,211
76$20,931,571$14,039,785$12,440,684$19,341,834
77$23,019,423$14,680,566$12,810,279$20,930,363
78$25,318,751$15,351,260$13,190,769$22,667,049
79$27,851,077$16,053,285$13,582,474$24,566,476
80$30,640,119$16,788,129$13,985,719$26,644,694
81$33,712,014$17,557,349$14,400,843$28,919,366
82$37,095,559$18,362,579$14,828,191$31,409,937
83$40,822,491$19,205,531$15,268,120$34,137,808
84$44,927,780$20,087,997$15,720,998$37,126,538
85$49,449,963$21,011,858$16,187,200$40,402,066
86$54,431,504$21,979,084$16,667,117$43,992,945
87$59,919,199$22,991,740$17,161,146$47,930,615
88$65,964,612$24,051,990$17,669,699$52,249,691
89$72,624,567$25,162,103$18,193,199$56,988,290
90$79,961,682$26,324,455$18,732,080$62,188,382
91$88,044,960$27,541,539$19,286,791$67,896,186
92$96,950,437$28,815,966$19,857,790$74,162,599
93$106,761,908$30,150,474$20,445,552$81,043,673
94$117,571,708$31,547,933$21,050,564$88,601,138
95$129,481,591$33,011,350$21,673,326$96,902,983
96$142,603,685$34,543,878$22,314,354$106,024,086
97$157,061,554$36,148,822$22,974,178$116,046,923
98$172,991,363$37,829,645$23,653,344$127,062,335
99$190,543,163$39,589,978$24,352,411$139,170,380
100$209,882,307$41,433,628$25,071,959$152,481,275