Can I retire at age 69 with 5,600,000?

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$462,443$458,324$454,305$450,382$446,552$428,834
2 years$228,932$224,668$220,536$216,530$212,644$195,013
3 years$151,105$146,823$142,702$138,733$134,910$117,922
4 years$112,200$107,931$103,850$99,949$96,219$80,002
5 years$88,862$84,619$80,592$76,771$73,144$57,740
6 years$73,309$69,098$65,130$61,394$57,876$43,295
7 years$62,204$58,028$54,124$50,475$47,069$33,305
8 years$53,879$49,741$45,901$42,343$39,048$26,087
9 years$47,408$43,308$39,535$36,066$32,884$20,707
10 years$42,233$38,174$34,467$31,090$28,019$16,602
11 years$38,003$33,984$30,344$27,057$24,097$13,413
12 years$34,480$30,502$26,930$23,733$20,882$10,903
13 years$31,501$27,565$24,060$20,953$18,210$8,904
14 years$28,950$25,056$21,618$18,599$15,963$7,300
15 years$26,741$22,889$19,518$16,587$14,055$6,003
16 years$24,810$21,000$17,696$14,852$12,422$4,949
17 years$23,108$19,341$16,103$13,345$11,014$4,088
18 years$21,597$17,872$14,700$12,026$9,793$3,383
19 years$20,247$16,563$13,457$10,867$8,729$2,803
20 years$19,033$15,391$12,350$9,842$7,797$2,325
21 years$17,936$14,336$11,360$8,932$6,977$1,930
22 years$16,940$13,383$10,470$8,121$6,254$1,604
23 years$16,032$12,516$9,667$7,396$5,614$1,334
24 years$15,201$11,727$8,940$6,746$5,046$1,109
25 years$14,438$11,005$8,280$6,161$4,541$923
26 years$13,734$10,343$7,680$5,633$4,090$769
27 years$13,084$9,734$7,131$5,156$3,687$640
28 years$12,481$9,172$6,629$4,724$3,327$533
29 years$11,921$8,653$6,169$4,332$3,004$444
30 years$11,399$8,172$5,746$3,976$2,715$370
31 years$10,912$7,725$5,357$3,651$2,454$309
32 years$10,456$7,310$4,998$3,356$2,220$257
33 years$10,029$6,922$4,667$3,086$2,009$214
34 years$9,627$6,561$4,361$2,839$1,819$179
35 years$9,250$6,223$4,077$2,614$1,648$149
36 years$8,894$5,906$3,814$2,407$1,493$124
37 years$8,558$5,610$3,570$2,218$1,353$104
38 years$8,241$5,331$3,343$2,044$1,227$86
39 years$7,941$5,069$3,132$1,885$1,112$72
40 years$7,656$4,823$2,936$1,739$1,009$60
41 years$7,386$4,591$2,753$1,604$915$50
42 years$7,130$4,372$2,582$1,480$831$42
43 years$6,886$4,166$2,423$1,367$754$35
44 years$6,654$3,971$2,274$1,262$684$29
45 years$6,432$3,787$2,135$1,165$621$24
46 years$6,221$3,613$2,006$1,076$564$20
47 years$6,020$3,447$1,884$994$512$17
48 years$5,828$3,291$1,771$919$465$14
49 years$5,644$3,143$1,664$849$422$12
50 years$5,468$3,002$1,565$785$384$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $5,600,000, adding $6,392 every year, while hoping to spend $53,064 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: 58/18/24 Blend
68$5,600,000$5,600,000$5,600,000$5,600,000
69$6,177,793$5,880,993$5,794,193$6,495,738
70$6,751,469$6,112,702$5,931,839$6,945,095
71$7,381,880$6,353,987$6,072,318$7,428,567
72$8,074,759$6,605,259$6,215,668$7,954,569
73$8,836,420$6,866,952$6,361,927$8,527,227
74$9,673,818$7,139,516$6,511,135$9,151,082
75$10,594,617$7,423,422$6,663,328$9,831,130
76$11,607,261$7,719,162$6,818,542$10,572,870
77$12,721,052$8,027,252$6,976,814$11,382,355
78$13,946,241$8,348,229$7,138,179$12,266,246
79$15,294,119$8,682,654$7,302,669$13,231,876
80$16,777,130$9,031,114$7,470,319$14,287,316
81$18,408,982$9,394,224$7,641,161$15,441,453
82$20,204,782$9,772,625$7,815,223$16,704,071
83$22,181,174$10,166,987$7,992,537$18,085,942
84$24,356,495$10,578,012$8,173,129$19,598,926
85$26,750,954$11,006,431$8,357,025$21,256,085
86$29,386,816$11,453,010$8,544,250$23,071,800
87$32,288,615$11,918,551$8,734,826$25,061,910
88$35,483,384$12,403,890$8,928,772$27,243,856
89$39,000,911$12,909,903$9,126,108$29,636,847
90$42,874,020$13,437,504$9,326,849$32,262,040
91$47,138,879$13,987,651$9,531,007$35,142,737
92$51,835,342$14,561,343$9,738,594$38,304,602
93$57,007,326$15,159,628$9,949,616$41,775,905
94$62,703,223$15,783,600$10,164,078$45,587,784
95$68,976,358$16,434,402$10,381,980$49,774,539
96$75,885,491$17,113,232$10,603,321$54,373,952
97$83,495,372$17,821,342$10,828,093$59,427,644
98$91,877,352$18,560,039$11,056,287$64,981,464
99$101,110,055$19,330,695$11,287,886$71,085,923
100$111,280,123$20,134,741$11,522,872$77,796,661