Can I retire at age 69 with 4,200,000?

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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$346,832$343,743$340,729$337,787$334,914$331,141
2 years$171,699$168,501$165,402$162,397$159,483$155,684
3 years$113,329$110,117$107,026$104,050$101,182$97,477
4 years$84,150$80,948$77,888$74,962$72,164$68,580
5 years$66,647$63,464$60,444$57,578$54,858$51,405
6 years$54,982$51,823$48,848$46,046$43,407$40,090
7 years$46,653$43,521$40,593$37,857$35,302$32,122
8 years$40,409$37,306$34,426$31,757$29,286$26,243
9 years$35,556$32,481$29,651$27,050$24,663$21,756
10 years$31,675$28,631$25,850$23,317$21,014$18,241
11 years$28,502$25,488$22,758$20,293$18,073$15,431
12 years$25,860$22,877$20,197$17,800$15,662$13,149
13 years$23,626$20,674$18,045$15,714$13,657$11,270
14 years$21,712$18,792$16,214$13,950$11,972$9,707
15 years$20,056$17,167$14,639$12,441$10,541$8,395
16 years$18,608$15,750$13,272$11,139$9,316$7,285
17 years$17,331$14,505$12,077$10,008$8,260$6,340
18 years$16,198$13,404$11,025$9,020$7,345$5,532
19 years$15,185$12,422$10,093$8,150$6,547$4,837
20 years$14,274$11,543$9,263$7,381$5,847$4,237
21 years$13,452$10,752$8,520$6,699$5,233$3,717
22 years$12,705$10,037$7,852$6,091$4,690$3,266
23 years$12,024$9,387$7,250$5,547$4,210$2,873
24 years$11,401$8,795$6,705$5,059$3,784$2,529
25 years$10,828$8,254$6,210$4,621$3,405$2,229
26 years$10,301$7,757$5,760$4,225$3,067$1,966
27 years$9,813$7,301$5,348$3,867$2,766$1,736
28 years$9,361$6,879$4,972$3,543$2,495$1,533
29 years$8,941$6,490$4,627$3,249$2,253$1,355
30 years$8,549$6,129$4,310$2,982$2,036$1,198
31 years$8,184$5,794$4,018$2,739$1,841$1,059
32 years$7,842$5,482$3,749$2,517$1,665$937
33 years$7,522$5,192$3,500$2,314$1,507$829
34 years$7,221$4,921$3,270$2,129$1,364$734
35 years$6,937$4,667$3,058$1,960$1,236$650
36 years$6,671$4,430$2,860$1,805$1,120$576
37 years$6,419$4,207$2,677$1,663$1,015$510
38 years$6,181$3,998$2,507$1,533$920$452
39 years$5,956$3,802$2,349$1,414$834$401
40 years$5,742$3,617$2,202$1,304$757$355
41 years$5,540$3,443$2,064$1,203$687$315
42 years$5,347$3,279$1,937$1,110$623$279
43 years$5,164$3,125$1,817$1,025$565$248
44 years$4,990$2,978$1,706$946$513$219
45 years$4,824$2,840$1,602$874$466$195
46 years$4,666$2,709$1,504$807$423$173
47 years$4,515$2,586$1,413$746$384$153
48 years$4,371$2,468$1,328$689$349$136
49 years$4,233$2,357$1,248$637$317$120
50 years$4,101$2,252$1,174$589$288$107

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $4,200,000, adding $2,128 every year, while hoping to spend $54,484 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: 59/13/28 Blend
68$4,200,000$4,200,000$4,200,000$4,200,000
69$4,630,595$4,407,995$4,342,895$4,868,419
70$5,044,945$4,566,016$4,430,411$5,189,264
71$5,499,733$4,729,954$4,519,034$5,533,099
72$5,999,025$4,900,042$4,608,741$5,907,026
73$6,547,303$5,076,521$4,699,511$6,313,986
74$7,149,501$5,259,643$4,791,317$6,757,214
75$7,811,055$5,449,671$4,884,132$7,240,274
76$8,537,956$5,646,878$4,977,923$7,767,086
77$9,336,801$5,851,549$5,072,657$8,341,971
78$10,214,859$6,063,979$5,168,296$8,969,685
79$11,180,139$6,284,479$5,264,798$9,655,464
80$12,241,464$6,513,368$5,362,119$10,405,075
81$13,408,553$6,750,984$5,460,211$11,224,872
82$14,692,118$6,997,674$5,559,019$12,121,849
83$16,103,956$7,253,802$5,658,489$13,103,712
84$17,657,069$7,519,748$5,758,558$14,178,948
85$19,365,781$7,795,906$5,859,160$15,356,904
86$21,245,873$8,082,689$5,960,225$16,647,878
87$23,314,736$8,380,524$6,061,676$18,063,212
88$25,591,529$8,689,859$6,163,432$19,615,403
89$28,097,363$9,011,161$6,265,405$21,318,213
90$30,855,501$9,344,914$6,367,503$23,186,808
91$33,891,573$9,691,626$6,469,625$25,237,893
92$37,233,822$10,051,825$6,571,666$27,489,871
93$40,913,368$10,426,060$6,673,513$29,963,019
94$44,964,501$10,814,906$6,775,045$32,679,676
95$49,425,005$11,218,962$6,876,135$35,664,453
96$54,336,516$11,638,851$6,976,645$38,944,467
97$59,744,911$12,075,225$7,076,433$42,549,592
98$65,700,744$12,528,763$7,175,345$46,512,748
99$72,259,719$13,000,172$7,273,219$50,870,202
100$79,483,222$13,490,192$7,369,883$55,661,916