Can I retire at age 69 with 4,300,000?

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 $4,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$355,090$351,927$348,841$345,829$342,888$333,248
2 years$175,787$172,513$169,340$166,264$163,280$153,641
3 years$116,027$112,739$109,574$106,527$103,592$94,256
4 years$86,153$82,875$79,742$76,747$73,882$64,922
5 years$68,234$64,975$61,883$58,949$56,164$47,603
6 years$56,291$53,057$50,011$47,142$44,441$36,287
7 years$47,764$44,557$41,559$38,758$36,142$28,396
8 years$41,371$38,194$35,245$32,513$29,984$22,641
9 years$36,402$33,255$30,357$27,694$25,250$18,304
10 years$32,429$29,312$26,466$23,872$21,515$14,955
11 years$29,181$26,095$23,300$20,776$18,503$12,320
12 years$26,475$23,422$20,678$18,223$16,035$10,216
13 years$24,188$21,166$18,475$16,089$13,982$8,516
14 years$22,229$19,239$16,600$14,282$12,257$7,129
15 years$20,533$17,576$14,987$12,737$10,792$5,989
16 years$19,051$16,125$13,588$11,404$9,538$5,045
17 years$17,744$14,851$12,365$10,247$8,457$4,261
18 years$16,583$13,723$11,287$9,234$7,520$3,605
19 years$15,546$12,718$10,333$8,344$6,702$3,056
20 years$14,614$11,818$9,483$7,557$5,987$2,594
21 years$13,772$11,008$8,723$6,859$5,357$2,204
22 years$13,007$10,276$8,039$6,236$4,802$1,875
23 years$12,310$9,611$7,423$5,679$4,311$1,596
24 years$11,672$9,005$6,865$5,180$3,875$1,360
25 years$11,086$8,450$6,358$4,731$3,487$1,159
26 years$10,546$7,942$5,897$4,325$3,141$989
27 years$10,047$7,474$5,476$3,959$2,831$844
28 years$9,584$7,043$5,090$3,627$2,555$720
29 years$9,154$6,644$4,737$3,326$2,307$615
30 years$8,753$6,275$4,412$3,053$2,085$525
31 years$8,379$5,932$4,114$2,804$1,885$449
32 years$8,029$5,613$3,838$2,577$1,705$383
33 years$7,701$5,315$3,584$2,369$1,543$328
34 years$7,393$5,038$3,348$2,180$1,397$280
35 years$7,103$4,778$3,130$2,007$1,265$239
36 years$6,829$4,535$2,928$1,848$1,146$205
37 years$6,572$4,307$2,741$1,703$1,039$175
38 years$6,328$4,094$2,567$1,570$942$150
39 years$6,097$3,893$2,405$1,447$854$128
40 years$5,879$3,704$2,254$1,335$775$109
41 years$5,671$3,525$2,114$1,232$703$94
42 years$5,475$3,357$1,983$1,137$638$80
43 years$5,287$3,199$1,860$1,049$579$68
44 years$5,109$3,049$1,746$969$525$59
45 years$4,939$2,908$1,640$895$477$50
46 years$4,777$2,774$1,540$826$433$43
47 years$4,623$2,647$1,447$764$393$37
48 years$4,475$2,527$1,360$706$357$31
49 years$4,334$2,413$1,278$652$324$27
50 years$4,198$2,305$1,202$603$295$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $4,300,000, adding $6,284 every year, while hoping to spend $42,213 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: 40/46/14 Blend
68$4,300,000$4,300,000$4,300,000$4,300,000
69$4,745,082$4,517,182$4,450,532$4,914,860
70$5,184,166$4,693,610$4,554,710$5,212,111
71$5,666,622$4,877,267$4,660,964$5,528,870
72$6,196,829$5,068,465$4,769,318$5,870,623
73$6,779,612$5,267,526$4,879,796$6,239,656
74$7,420,285$5,474,788$4,992,423$6,638,479
75$8,124,706$5,690,605$5,107,221$7,069,847
76$8,899,326$5,915,344$5,224,212$7,536,785
77$9,751,253$6,149,391$5,343,419$8,042,615
78$10,688,318$6,393,149$5,464,861$8,590,987
79$11,719,151$6,647,038$5,588,558$9,185,911
80$12,853,258$6,911,497$5,714,529$9,831,792
81$14,101,116$7,186,985$5,842,791$10,533,471
82$15,474,264$7,473,982$5,973,359$11,296,269
83$16,985,421$7,772,989$6,106,249$12,126,038
84$18,648,599$8,084,530$6,241,473$13,029,207
85$20,479,237$8,409,153$6,379,043$14,012,850
86$22,494,347$8,747,429$6,518,969$15,084,741
87$24,712,674$9,099,958$6,661,258$16,253,435
88$27,154,874$9,467,362$6,805,918$17,528,338
89$29,843,706$9,850,298$6,952,950$18,919,799
90$32,804,248$10,249,446$7,102,358$20,439,202
91$36,064,134$10,665,523$7,254,140$22,099,074
92$39,653,816$11,099,273$7,408,294$23,913,196
93$43,606,846$11,551,478$7,564,812$25,896,736
94$47,960,197$12,022,954$7,723,687$28,066,383
95$52,754,612$12,514,553$7,884,905$30,440,507
96$58,034,986$13,027,170$8,048,453$33,039,326
97$63,850,789$13,561,735$8,214,310$35,885,095
98$70,256,535$14,119,226$8,382,455$39,002,311
99$77,312,295$14,700,662$8,552,862$42,417,942
100$85,084,266$15,307,111$8,725,499$46,161,677