Can I retire at age 69 with 5,300,000?

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 $5,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$437,669$433,771$429,967$426,254$422,629$418,390
2 years$216,668$212,633$208,722$204,930$201,252$196,982
3 years$143,010$138,958$135,057$131,301$127,683$123,514
4 years$106,189$102,149$98,287$94,595$91,064$87,030
5 years$84,102$80,086$76,275$72,658$69,226$65,337
6 years$69,382$65,396$61,641$58,105$54,776$51,038
7 years$58,872$54,920$51,224$47,771$44,547$40,962
8 years$50,993$47,076$43,442$40,074$36,956$33,523
9 years$44,868$40,988$37,417$34,134$31,123$27,840
10 years$39,971$36,129$32,621$29,424$26,518$23,385
11 years$35,967$32,164$28,719$25,608$22,806$19,819
12 years$32,632$28,868$25,487$22,461$19,764$16,920
13 years$29,813$26,089$22,771$19,830$17,234$14,530
14 years$27,399$23,714$20,460$17,603$15,107$12,540
15 years$25,308$21,663$18,473$15,699$13,302$10,867
16 years$23,481$19,875$16,748$14,057$11,756$9,450
17 years$21,870$18,304$15,240$12,630$10,424$8,241
18 years$20,440$16,914$13,912$11,382$9,268$7,206
19 years$19,162$15,676$12,736$10,285$8,261$6,314
20 years$18,013$14,567$11,688$9,315$7,379$5,543
21 years$16,975$13,568$10,751$8,454$6,603$4,874
22 years$16,032$12,666$9,909$7,686$5,919$4,292
23 years$15,173$11,846$9,149$7,000$5,313$3,784
24 years$14,387$11,099$8,461$6,384$4,776$3,340
25 years$13,664$10,416$7,837$5,831$4,297$2,950
26 years$12,998$9,789$7,268$5,331$3,871$2,608
27 years$12,383$9,213$6,749$4,880$3,490$2,308
28 years$11,813$8,681$6,274$4,471$3,149$2,043
29 years$11,282$8,190$5,839$4,100$2,843$1,810
30 years$10,789$7,734$5,439$3,763$2,569$1,604
31 years$10,327$7,311$5,070$3,456$2,323$1,422
32 years$9,896$6,918$4,731$3,176$2,101$1,262
33 years$9,492$6,551$4,417$2,921$1,902$1,119
34 years$9,112$6,209$4,127$2,687$1,722$994
35 years$8,754$5,889$3,858$2,474$1,559$882
36 years$8,418$5,590$3,610$2,278$1,413$783
37 years$8,100$5,309$3,378$2,099$1,281$696
38 years$7,800$5,046$3,164$1,935$1,161$618
39 years$7,515$4,798$2,964$1,784$1,053$549
40 years$7,246$4,565$2,778$1,645$955$488
41 years$6,990$4,345$2,605$1,518$866$434
42 years$6,748$4,138$2,444$1,401$786$386
43 years$6,517$3,943$2,293$1,293$713$343
44 years$6,297$3,758$2,152$1,194$648$305
45 years$6,088$3,584$2,021$1,103$588$271
46 years$5,888$3,419$1,898$1,019$534$241
47 years$5,698$3,263$1,783$941$485$214
48 years$5,515$3,115$1,676$870$440$190
49 years$5,341$2,974$1,575$804$400$169
50 years$5,175$2,841$1,481$743$363$151

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $5,300,000, adding $3,400 every year, while hoping to spend $30,576 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: 43/32/25 Blend
68$5,300,000$5,300,000$5,300,000$5,300,000
69$5,844,107$5,563,207$5,481,057$6,052,676
70$6,407,673$5,803,272$5,632,140$6,441,796
71$7,027,699$6,054,075$5,787,259$6,859,939
72$7,709,909$6,316,110$5,946,518$7,312,392
73$8,460,615$6,589,894$6,110,021$7,802,345
74$9,286,769$6,875,970$6,277,878$8,333,302
75$10,196,029$7,174,902$6,450,197$8,909,111
76$11,196,838$7,487,286$6,627,092$9,534,002
77$12,298,495$7,813,743$6,808,679$10,212,620
78$13,511,247$8,154,922$6,995,076$10,950,068
79$14,846,387$8,511,506$7,186,404$11,751,959
80$16,316,357$8,884,208$7,382,786$12,624,460
81$17,934,866$9,273,774$7,584,350$13,574,350
82$19,717,021$9,680,989$7,791,225$14,609,085
83$21,679,470$10,106,669$8,003,543$15,736,862
84$23,840,554$10,551,675$8,221,440$16,966,697
85$26,220,488$11,016,904$8,445,055$18,308,504
86$28,841,542$11,503,297$8,674,530$19,773,190
87$31,728,261$12,011,840$8,910,008$21,372,755
88$34,907,689$12,543,565$9,151,639$23,120,398
89$38,409,628$13,099,555$9,399,573$25,030,642
90$42,266,917$13,680,940$9,653,966$27,119,471
91$46,515,744$14,288,908$9,914,976$29,404,471
92$51,195,987$14,924,700$10,182,763$31,904,996
93$56,351,586$15,589,619$10,457,495$34,642,350
94$62,030,965$16,285,028$10,739,338$37,639,979
95$68,287,483$17,012,355$11,028,466$40,923,691
96$75,179,942$17,773,095$11,325,055$44,521,899
97$82,773,135$18,568,816$11,629,284$48,465,879
98$91,138,467$19,401,160$11,941,337$52,790,064
99$100,354,621$20,271,847$12,261,402$57,532,365
100$110,508,303$21,182,679$12,589,670$62,734,524