Can I retire at age 69 with 4,600,000?

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 $4,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$379,864$376,480$373,179$369,957$366,810$363,585
2 years$188,051$184,549$181,155$177,864$174,672$171,422
3 years$124,122$120,605$117,219$113,959$110,819$107,645
4 years$92,164$88,657$85,306$82,101$79,037$75,963
5 years$72,994$69,508$66,201$63,062$60,083$57,118
6 years$60,218$56,759$53,500$50,431$47,541$44,690
7 years$51,096$47,666$44,459$41,462$38,664$35,927
8 years$44,258$40,859$37,704$34,781$32,075$29,453
9 years$38,942$35,575$32,475$29,626$27,012$24,503
10 years$34,692$31,357$28,312$25,538$23,016$20,619
11 years$31,216$27,916$24,926$22,226$19,794$17,507
12 years$28,322$25,056$22,121$19,495$17,153$14,974
13 years$25,876$22,643$19,764$17,211$14,958$12,885
14 years$23,780$20,582$17,758$15,278$13,112$11,142
15 years$21,966$18,802$16,033$13,625$11,545$9,675
16 years$20,380$17,250$14,536$12,200$10,203$8,430
17 years$18,982$15,887$13,227$10,962$9,047$7,368
18 years$17,740$14,680$12,075$9,879$8,044$6,456
19 years$16,631$13,605$11,054$8,926$7,170$5,669
20 years$15,634$12,643$10,145$8,084$6,404$4,988
21 years$14,733$11,776$9,331$7,337$5,731$4,396
22 years$13,915$10,993$8,600$6,671$5,137$3,879
23 years$13,169$10,281$7,941$6,075$4,611$3,428
24 years$12,487$9,633$7,344$5,541$4,145$3,033
25 years$11,860$9,040$6,802$5,061$3,730$2,685
26 years$11,282$8,496$6,308$4,627$3,360$2,380
27 years$10,748$7,996$5,858$4,235$3,029$2,111
28 years$10,252$7,534$5,446$3,880$2,733$1,873
29 years$9,792$7,108$5,068$3,558$2,468$1,663
30 years$9,364$6,713$4,720$3,266$2,230$1,478
31 years$8,963$6,346$4,401$2,999$2,016$1,313
32 years$8,589$6,004$4,106$2,756$1,824$1,168
33 years$8,238$5,686$3,834$2,535$1,650$1,039
34 years$7,908$5,389$3,582$2,332$1,494$924
35 years$7,598$5,112$3,349$2,147$1,353$823
36 years$7,306$4,852$3,133$1,977$1,226$732
37 years$7,030$4,608$2,932$1,822$1,111$652
38 years$6,769$4,379$2,746$1,679$1,008$581
39 years$6,523$4,164$2,573$1,548$914$517
40 years$6,289$3,962$2,411$1,428$829$461
41 years$6,067$3,771$2,261$1,318$752$411
42 years$5,856$3,592$2,121$1,216$682$366
43 years$5,656$3,422$1,990$1,122$619$326
44 years$5,465$3,262$1,868$1,036$562$291
45 years$5,284$3,111$1,754$957$510$259
46 years$5,110$2,967$1,648$884$463$231
47 years$4,945$2,832$1,548$817$421$206
48 years$4,787$2,703$1,455$755$382$184
49 years$4,636$2,582$1,367$698$347$164
50 years$4,491$2,466$1,285$645$315$146

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $4,600,000, adding $6,312 every year, while hoping to spend $48,612 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: 63/21/16 Blend
68$4,600,000$4,600,000$4,600,000$4,600,000
69$5,075,711$4,831,911$4,760,611$5,374,979
70$5,541,711$5,016,952$4,868,368$5,761,739
71$6,053,613$5,209,430$4,978,107$6,177,810
72$6,616,049$5,409,660$5,089,841$6,631,006
73$7,234,120$5,617,967$5,203,584$7,124,943
74$7,913,446$5,834,693$5,319,350$7,663,600
75$8,660,218$6,060,194$5,437,149$8,251,357
76$9,481,259$6,294,842$5,556,993$8,893,033
77$10,384,084$6,539,026$5,678,888$9,593,932
78$11,376,972$6,793,150$5,802,843$10,359,895
79$12,469,047$7,057,638$5,928,862$11,197,348
80$13,670,360$7,332,932$6,056,948$12,113,369
81$14,991,985$7,619,494$6,187,104$13,115,747
82$16,446,124$7,917,806$6,319,329$14,213,060
83$18,046,221$8,228,371$6,453,619$15,414,753
84$19,807,090$8,551,716$6,589,970$16,731,226
85$21,745,052$8,888,389$6,728,373$18,173,928
86$23,878,093$9,238,965$6,868,818$19,755,473
87$26,226,027$9,604,043$7,011,293$21,489,746
88$28,810,690$9,984,249$7,155,779$23,392,043
89$31,656,141$10,380,238$7,302,259$25,479,208
90$34,788,892$10,792,694$7,450,709$27,769,793
91$38,238,153$11,222,331$7,601,102$30,284,233
92$42,036,114$11,669,894$7,753,408$33,045,035
93$46,218,244$12,136,165$7,907,594$36,076,988
94$50,823,626$12,621,959$8,063,619$39,407,402
95$55,895,327$13,128,126$8,221,442$43,066,357
96$61,480,805$13,655,558$8,381,014$47,086,988
97$67,632,351$14,205,185$8,542,282$51,505,797
98$74,407,592$14,777,979$8,705,189$56,362,995
99$81,870,024$15,374,958$8,869,671$61,702,881
100$90,089,619$15,997,184$9,035,658$67,574,255