Can I retire at age 69 with 5,000,000?

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 $5,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$412,895$409,217$405,629$402,127$398,707$393,073
2 years$204,404$200,597$196,907$193,330$189,860$184,196
3 years$134,915$131,092$127,412$123,869$120,455$114,935
4 years$100,178$96,367$92,723$89,240$85,910$80,577
5 years$79,341$75,553$71,957$68,545$65,307$60,177
6 years$65,455$61,694$58,152$54,816$51,675$46,754
7 years$55,539$51,811$48,325$45,067$42,026$37,316
8 years$48,106$44,411$40,983$37,806$34,865$30,364
9 years$42,328$38,668$35,299$32,202$29,361$25,069
10 years$37,708$34,084$30,774$27,759$25,017$20,929
11 years$33,931$30,343$27,093$24,158$21,515$17,628
12 years$30,785$27,234$24,044$21,190$18,645$14,954
13 years$28,126$24,612$21,482$18,708$16,259$12,759
14 years$25,848$22,371$19,302$16,607$14,252$10,938
15 years$23,876$20,437$17,427$14,810$12,549$9,415
16 years$22,152$18,750$15,800$13,261$11,091$8,130
17 years$20,632$17,268$14,377$11,915$9,834$7,041
18 years$19,283$15,957$13,125$10,738$8,744$6,113
19 years$18,077$14,789$12,015$9,702$7,793$5,317
20 years$16,993$13,742$11,027$8,787$6,961$4,634
21 years$16,014$12,800$10,143$7,975$6,230$4,044
22 years$15,125$11,949$9,348$7,251$5,584$3,534
23 years$14,314$11,175$8,631$6,604$5,012$3,092
24 years$13,572$10,471$7,982$6,023$4,505$2,708
25 years$12,891$9,826$7,393$5,501$4,054$2,374
26 years$12,263$9,235$6,857$5,029$3,652$2,082
27 years$11,682$8,691$6,367$4,604$3,292$1,827
28 years$11,144$8,190$5,919$4,218$2,971$1,605
29 years$10,644$7,726$5,508$3,868$2,683$1,410
30 years$10,178$7,296$5,131$3,550$2,424$1,240
31 years$9,743$6,898$4,783$3,260$2,191$1,090
32 years$9,336$6,526$4,463$2,996$1,982$959
33 years$8,954$6,181$4,167$2,755$1,794$844
34 years$8,596$5,858$3,893$2,535$1,624$743
35 years$8,259$5,556$3,640$2,334$1,471$654
36 years$7,941$5,274$3,405$2,149$1,333$576
37 years$7,641$5,009$3,187$1,980$1,208$507
38 years$7,358$4,760$2,985$1,825$1,095$447
39 years$7,090$4,526$2,796$1,683$993$393
40 years$6,836$4,306$2,621$1,552$901$347
41 years$6,595$4,099$2,458$1,432$817$305
42 years$6,366$3,904$2,305$1,322$742$269
43 years$6,148$3,720$2,163$1,220$673$237
44 years$5,941$3,546$2,031$1,127$611$209
45 years$5,743$3,381$1,907$1,040$555$184
46 years$5,555$3,225$1,791$961$504$162
47 years$5,375$3,078$1,682$888$457$143
48 years$5,203$2,938$1,581$820$415$126
49 years$5,039$2,806$1,486$758$377$111
50 years$4,882$2,680$1,397$701$343$98

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $5,000,000, adding $4,617 every year, while hoping to spend $25,896 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: 39/46/15 Blend
68$5,000,000$5,000,000$5,000,000$5,000,000
69$5,514,762$5,249,762$5,172,262$5,704,864
70$6,049,715$5,479,448$5,317,980$6,070,375
71$6,638,365$5,719,520$5,467,711$6,462,479
72$7,286,162$5,970,460$5,621,563$6,885,889
73$7,999,111$6,232,772$5,779,646$7,343,446
74$8,783,827$6,506,986$5,942,072$7,838,265
75$9,647,603$6,793,653$6,108,956$8,373,764
76$10,598,470$7,093,354$6,280,418$8,953,694
77$11,645,280$7,406,694$6,456,578$9,582,171
78$12,797,786$7,734,310$6,637,561$10,263,713
79$14,066,736$8,076,867$6,823,495$11,003,278
80$15,463,971$8,435,061$7,014,510$11,806,315
81$17,002,541$8,809,624$7,210,741$12,678,803
82$18,696,824$9,201,319$7,412,324$13,627,313
83$20,562,664$9,610,948$7,619,402$14,659,064
84$22,617,522$10,039,350$7,832,117$15,781,985
85$24,880,635$10,487,404$8,050,619$17,004,793
86$27,373,203$10,956,031$8,275,058$18,337,067
87$30,118,588$11,446,195$8,505,591$19,789,337
88$33,142,532$11,958,906$8,742,376$21,373,177
89$36,473,401$12,495,223$8,985,576$23,101,317
90$40,142,454$13,056,255$9,235,359$24,987,751
91$44,184,137$13,643,164$9,491,896$27,047,871
92$48,636,406$14,257,167$9,755,363$29,298,604
93$53,541,090$14,899,539$10,025,938$31,758,571
94$58,944,281$15,571,615$10,303,806$34,448,254
95$64,896,770$16,274,797$10,589,156$37,390,187
96$71,454,528$17,010,550$10,882,180$40,609,164
97$78,679,234$17,780,411$11,183,077$44,132,464
98$86,638,855$18,585,989$11,492,049$47,990,107
99$95,408,288$19,428,973$11,809,303$52,215,129
100$105,070,071$20,311,130$12,135,052$56,843,889