Can I retire at age 69 with 9,900,000?

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$817,533$810,251$803,146$796,211$789,440$774,769
2 years$404,719$397,182$389,877$382,794$375,924$361,197
3 years$267,133$259,563$252,276$245,260$238,501$224,179
4 years$198,353$190,806$183,592$176,696$170,101$156,293
5 years$157,096$149,594$142,475$135,719$129,308$116,054
6 years$129,600$122,155$115,141$108,536$102,317$89,631
7 years$109,968$102,586$95,683$89,233$83,211$71,097
8 years$95,251$87,935$81,147$74,856$69,032$57,486
9 years$83,810$76,563$69,892$63,760$58,135$47,151
10 years$74,662$67,487$60,933$54,962$49,534$39,102
11 years$67,183$60,079$53,644$47,833$42,601$32,708
12 years$60,955$53,924$47,608$41,956$36,917$27,550
13 years$55,689$48,731$42,535$37,041$32,192$23,337
14 years$51,179$44,296$38,218$32,881$28,219$19,859
15 years$47,274$40,465$34,505$29,324$24,847$16,964
16 years$43,861$37,126$31,284$26,257$21,960$14,538
17 years$40,852$34,191$28,467$23,591$19,471$12,492
18 years$38,180$31,594$25,987$21,261$17,313$10,759
19 years$35,793$29,281$23,790$19,211$15,431$9,284
20 years$33,647$27,210$21,833$17,399$13,783$8,024
21 years$31,708$25,345$20,082$15,791$12,335$6,945
22 years$29,947$23,658$18,509$14,357$11,056$6,018
23 years$28,342$22,127$17,090$13,076$9,925$5,221
24 years$26,873$20,732$15,805$11,926$8,920$4,533
25 years$25,524$19,456$14,639$10,891$8,027$3,939
26 years$24,280$18,285$13,577$9,958$7,231$3,425
27 years$23,131$17,209$12,607$9,115$6,519$2,980
28 years$22,065$16,216$11,720$8,351$5,882$2,594
29 years$21,075$15,297$10,906$7,658$5,311$2,259
30 years$20,152$14,447$10,159$7,029$4,799$1,968
31 years$19,291$13,657$9,471$6,455$4,339$1,715
32 years$18,485$12,922$8,836$5,932$3,925$1,495
33 years$17,729$12,238$8,251$5,455$3,552$1,303
34 years$17,020$11,599$7,709$5,019$3,216$1,136
35 years$16,352$11,001$7,207$4,621$2,913$991
36 years$15,723$10,442$6,742$4,255$2,639$865
37 years$15,130$9,917$6,311$3,921$2,392$754
38 years$14,569$9,425$5,910$3,614$2,169$658
39 years$14,038$8,962$5,537$3,332$1,966$575
40 years$13,535$8,527$5,190$3,074$1,784$501
41 years$13,058$8,117$4,866$2,836$1,618$438
42 years$12,604$7,730$4,565$2,617$1,468$382
43 years$12,173$7,365$4,283$2,416$1,333$334
44 years$11,763$7,020$4,021$2,231$1,210$291
45 years$11,372$6,695$3,775$2,060$1,098$254
46 years$10,999$6,386$3,546$1,903$997$222
47 years$10,643$6,095$3,331$1,758$905$194
48 years$10,302$5,818$3,130$1,624$822$169
49 years$9,977$5,556$2,942$1,501$747$148
50 years$9,666$5,307$2,766$1,388$678$129

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $9,900,000, adding $4,298 every year, while hoping to spend $50,428 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: 44/31/25 Blend
68$9,900,000$9,900,000$9,900,000$9,900,000
69$10,914,233$10,389,533$10,236,083$11,315,110
70$11,973,830$10,844,966$10,525,337$12,055,702
71$13,139,816$11,321,024$10,822,591$12,852,793
72$14,422,988$11,818,665$11,128,059$13,715,850
73$15,835,246$12,338,893$11,441,962$14,651,026
74$17,389,700$12,882,757$11,764,526$15,665,078
75$19,100,794$13,451,357$12,095,983$16,765,428
76$20,984,446$14,045,845$12,436,570$17,960,229
77$23,058,195$14,667,427$12,786,530$19,258,441
78$25,341,367$15,317,366$13,146,114$20,669,910
79$27,855,256$15,996,987$13,515,579$22,205,459
80$30,623,327$16,707,674$13,895,186$23,876,984
81$33,671,437$17,450,881$14,285,205$25,697,564
82$37,028,077$18,228,127$14,685,912$27,681,579
83$40,724,641$19,041,006$15,097,591$29,844,845
84$44,795,726$19,891,187$15,520,532$32,204,754
85$49,279,453$20,780,418$15,955,033$34,780,434
86$54,217,828$21,710,529$16,401,397$37,592,931
87$59,657,142$22,683,440$16,859,939$40,665,392
88$65,648,402$23,701,161$17,330,979$44,023,287
89$72,247,817$24,765,795$17,814,845$47,694,641
90$79,517,325$25,879,551$18,311,873$51,710,291
91$87,525,181$27,044,737$18,822,409$56,104,172
92$96,346,596$28,263,776$19,346,807$60,913,632
93$106,064,452$29,539,204$19,885,428$66,179,777
94$116,770,080$30,873,679$20,438,643$71,947,853
95$128,564,124$32,269,985$21,006,834$78,267,664
96$141,557,491$33,731,040$21,590,389$85,194,035
97$155,872,395$35,259,902$22,189,707$92,787,325
98$171,643,516$36,859,773$22,805,199$101,113,982
99$189,019,262$38,534,010$23,437,281$110,247,169
100$208,163,181$40,286,130$24,086,383$120,267,441