Can I retire at age 69 with 4,500,000?

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$371,606$368,296$365,066$361,914$358,836$353,912
2 years$183,963$180,537$177,217$173,997$170,874$165,922
3 years$121,424$117,983$114,671$111,482$108,410$103,583
4 years$90,160$86,730$83,451$80,316$77,319$72,655
5 years$71,407$67,997$64,761$61,691$58,776$54,290
6 years$58,909$55,525$52,337$49,334$46,508$42,203
7 years$49,985$46,630$43,492$40,561$37,823$33,702
8 years$43,296$39,970$36,885$34,025$31,378$27,439
9 years$38,095$34,801$31,769$28,982$26,425$22,667
10 years$33,937$30,676$27,697$24,983$22,515$18,936
11 years$30,538$27,309$24,384$21,742$19,364$15,959
12 years$27,707$24,511$21,640$19,071$16,780$13,547
13 years$25,313$22,151$19,334$16,837$14,633$11,566
14 years$23,263$20,134$17,372$14,946$12,827$9,922
15 years$21,488$18,393$15,684$13,329$11,294$8,546
16 years$19,937$16,875$14,220$11,935$9,982$7,385
17 years$18,569$15,542$12,940$10,723$8,850$6,400
18 years$17,355$14,361$11,812$9,664$7,869$5,560
19 years$16,270$13,310$10,814$8,732$7,014$4,840
20 years$15,294$12,368$9,924$7,909$6,265$4,221
21 years$14,413$11,520$9,128$7,178$5,607$3,687
22 years$13,612$10,754$8,413$6,526$5,026$3,225
23 years$12,883$10,058$7,768$5,943$4,511$2,823
24 years$12,215$9,424$7,184$5,421$4,055$2,474
25 years$11,602$8,844$6,654$4,951$3,649$2,171
26 years$11,036$8,311$6,171$4,527$3,287$1,905
27 years$10,514$7,822$5,731$4,143$2,963$1,674
28 years$10,030$7,371$5,327$3,796$2,674$1,471
29 years$9,579$6,953$4,957$3,481$2,414$1,294
30 years$9,160$6,567$4,618$3,195$2,181$1,138
31 years$8,769$6,208$4,305$2,934$1,972$1,002
32 years$8,402$5,874$4,017$2,697$1,784$882
33 years$8,059$5,563$3,750$2,480$1,615$777
34 years$7,736$5,272$3,504$2,282$1,462$684
35 years$7,433$5,000$3,276$2,100$1,324$603
36 years$7,147$4,746$3,065$1,934$1,200$531
37 years$6,877$4,508$2,868$1,782$1,087$468
38 years$6,622$4,284$2,686$1,643$986$413
39 years$6,381$4,074$2,517$1,515$894$364
40 years$6,152$3,876$2,359$1,397$811$321
41 years$5,935$3,689$2,212$1,289$736$283
42 years$5,729$3,514$2,075$1,190$667$250
43 years$5,533$3,348$1,947$1,098$606$220
44 years$5,347$3,191$1,828$1,014$550$194
45 years$5,169$3,043$1,716$936$499$171
46 years$4,999$2,903$1,612$865$453$151
47 years$4,838$2,770$1,514$799$412$133
48 years$4,683$2,645$1,423$738$374$118
49 years$4,535$2,525$1,337$682$339$104
50 years$4,394$2,412$1,257$631$308$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $4,500,000, adding $6,737 every year, while hoping to spend $54,369 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: 71/12/17 Blend
68$4,500,000$4,500,000$4,500,000$4,500,000
69$4,965,949$4,727,449$4,657,699$5,298,300
70$5,414,628$4,901,246$4,755,884$5,693,926
71$5,907,249$5,081,737$4,855,536$6,119,744
72$6,448,239$5,269,192$4,956,646$6,584,545
73$7,042,470$5,463,893$5,059,205$7,092,174
74$7,695,314$5,666,135$5,163,199$7,646,869
75$8,412,684$5,876,224$5,268,615$8,253,295
76$9,201,098$6,094,480$5,375,434$8,916,586
77$10,067,736$6,321,235$5,483,637$9,642,399
78$11,020,506$6,556,837$5,593,200$10,436,964
79$12,068,124$6,801,648$5,704,098$11,307,138
80$13,220,190$7,056,046$5,816,303$12,260,477
81$14,487,282$7,320,425$5,929,781$13,305,302
82$15,881,054$7,595,195$6,044,498$14,450,775
83$17,414,347$7,880,785$6,160,415$15,706,992
84$19,101,309$8,177,642$6,277,487$17,085,072
85$20,957,528$8,486,232$6,395,668$18,597,260
86$23,000,179$8,807,041$6,514,907$20,257,048
87$25,248,189$9,140,577$6,635,147$22,079,298
88$27,722,407$9,487,368$6,756,328$24,080,381
89$30,445,812$9,847,969$6,878,384$26,278,331
90$33,443,719$10,222,953$7,001,244$28,693,018
91$36,744,024$10,612,924$7,124,832$31,346,331
92$40,377,465$11,018,508$7,249,064$34,262,384
93$44,377,912$11,440,360$7,373,854$37,467,744
94$48,782,686$11,879,165$7,499,105$40,991,682
95$53,632,911$12,335,635$7,624,716$44,866,447
96$58,973,902$12,810,515$7,750,578$49,127,569
97$64,855,593$13,304,584$7,876,575$53,814,195
98$71,333,007$13,818,651$8,002,584$58,969,457
99$78,466,775$14,353,566$8,128,471$64,640,876
100$86,323,707$14,910,212$8,254,096$70,880,816