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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.8%
1 years$809,275$802,066$795,033$788,169$781,466$753,739
2 years$400,631$393,170$385,938$378,927$372,127$344,488
3 years$264,434$256,941$249,728$242,782$236,092$209,410
4 years$196,349$188,879$181,738$174,911$168,383$142,861
5 years$155,509$148,083$141,036$134,348$128,002$103,708
6 years$128,291$120,921$113,978$107,440$101,284$78,235
7 years$108,857$101,549$94,716$88,332$82,371$60,563
8 years$94,288$87,047$80,327$74,099$68,335$47,749
9 years$82,963$75,790$69,186$63,116$57,548$38,158
10 years$73,908$66,805$60,318$54,407$49,033$30,807
11 years$66,505$59,472$53,103$47,350$42,170$25,069
12 years$60,339$53,379$47,127$41,533$36,544$20,527
13 years$55,126$48,239$42,105$36,667$31,867$16,892
14 years$50,662$43,848$37,832$32,549$27,934$13,955
15 years$46,797$40,056$34,157$29,028$24,596$11,567
16 years$43,418$36,751$30,968$25,991$21,738$9,612
17 years$40,439$33,846$28,180$23,353$19,274$8,005
18 years$37,795$31,275$25,725$21,046$17,138$6,679
19 years$35,431$28,986$23,550$19,017$15,275$5,580
20 years$33,307$26,935$21,613$17,223$13,644$4,668
21 years$31,388$25,089$19,879$15,631$12,210$3,909
22 years$29,645$23,419$18,322$14,212$10,944$3,276
23 years$28,056$21,904$16,917$12,943$9,824$2,748
24 years$26,602$20,522$15,645$11,805$8,830$2,306
25 years$25,266$19,259$14,491$10,781$7,946$1,936
26 years$24,035$18,101$13,440$9,858$7,157$1,626
27 years$22,897$17,035$12,480$9,023$6,453$1,366
28 years$21,842$16,052$11,602$8,267$5,823$1,148
29 years$20,862$15,143$10,796$7,581$5,258$965
30 years$19,949$14,301$10,056$6,958$4,751$812
31 years$19,096$13,519$9,375$6,390$4,295$683
32 years$18,298$12,792$8,747$5,872$3,885$574
33 years$17,550$12,114$8,167$5,400$3,516$483
34 years$16,848$11,481$7,631$4,969$3,183$406
35 years$16,187$10,890$7,135$4,574$2,883$342
36 years$15,565$10,336$6,674$4,213$2,612$288
37 years$14,977$9,817$6,247$3,881$2,368$242
38 years$14,422$9,330$5,850$3,577$2,147$204
39 years$13,896$8,872$5,481$3,299$1,947$171
40 years$13,398$8,441$5,137$3,042$1,766$144
41 years$12,926$8,035$4,817$2,807$1,602$121
42 years$12,477$7,652$4,519$2,591$1,454$102
43 years$12,050$7,291$4,240$2,391$1,319$86
44 years$11,644$6,950$3,980$2,208$1,197$72
45 years$11,257$6,627$3,737$2,039$1,087$61
46 years$10,888$6,322$3,510$1,884$987$51
47 years$10,535$6,033$3,298$1,740$896$43
48 years$10,198$5,759$3,099$1,608$814$36
49 years$9,876$5,500$2,913$1,486$739$31
50 years$9,568$5,254$2,738$1,374$671$26

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 $6,471 every year, while hoping to spend $36,979 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: 37/41/22 Blend
68$9,800,000$9,800,000$9,800,000$9,800,000
69$10,806,275$10,286,875$10,134,975$11,134,387
70$11,869,170$10,751,586$10,435,151$11,838,891
71$13,039,240$11,237,829$10,744,144$12,595,440
72$14,327,379$11,746,620$11,062,210$13,411,893
73$15,745,590$12,279,022$11,389,612$14,293,663
74$17,307,098$12,836,152$11,726,622$15,246,683
75$19,026,477$13,419,179$12,073,518$16,277,462
76$20,919,785$14,029,326$12,430,589$17,393,139
77$23,004,718$14,667,878$12,798,128$18,601,549
78$25,300,774$15,336,178$13,176,440$19,911,290
79$27,829,440$16,035,638$13,565,837$21,331,799
80$30,614,391$16,767,732$13,966,641$22,873,439
81$33,681,716$17,534,009$14,379,181$24,547,588
82$37,060,166$18,336,090$14,803,799$26,366,743
83$40,781,420$19,175,675$15,240,842$28,344,631
84$44,880,386$20,054,544$15,690,672$30,496,336
85$49,395,534$20,974,565$16,153,658$32,838,428
86$54,369,253$21,937,694$16,630,181$35,389,120
87$59,848,256$22,945,980$17,120,631$38,168,429
88$65,884,018$24,001,573$17,625,411$41,198,359
89$72,533,261$25,106,723$18,144,936$44,503,101
90$79,858,493$26,263,792$18,679,631$48,109,254
91$87,928,594$27,475,252$19,229,933$52,046,066
92$96,819,468$28,743,697$19,796,293$56,345,705
93$106,614,759$30,071,844$20,379,175$61,043,549
94$117,406,640$31,462,540$20,979,053$66,178,515
95$129,296,685$32,918,772$21,596,419$71,793,413
96$142,396,823$34,443,668$22,231,775$77,935,342
97$156,830,399$36,040,508$22,885,639$84,656,123
98$172,733,337$37,712,730$23,558,545$92,012,778
99$190,255,420$39,463,937$24,251,040$100,068,054
100$209,561,710$41,297,906$24,963,686$108,891,006