Can I retire at age 69 with 5,700,000?

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 $5,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$470,701$466,508$462,417$458,425$454,526$442,461
2 years$233,020$228,680$224,474$220,396$216,441$204,370
3 years$153,804$149,445$145,250$141,210$137,319$125,620
4 years$114,203$109,858$105,705$101,734$97,937$86,699
5 years$90,449$86,130$82,031$78,141$74,450$63,705
6 years$74,618$70,332$66,293$62,490$58,910$48,668
7 years$63,315$59,064$55,090$51,377$47,910$38,171
8 years$54,841$50,629$46,721$43,099$39,746$30,506
9 years$48,254$44,082$40,241$36,711$33,472$24,722
10 years$42,987$38,856$35,083$31,645$28,519$20,250
11 years$38,681$34,591$30,886$27,540$24,528$16,725
12 years$35,095$31,047$27,411$24,157$21,255$13,905
13 years$32,063$28,058$24,490$21,327$18,535$11,622
14 years$29,467$25,504$22,004$18,931$16,248$9,756
15 years$27,218$23,298$19,867$16,884$14,306$8,219
16 years$25,253$21,375$18,012$15,117$12,643$6,944
17 years$23,521$19,686$16,390$13,583$11,210$5,881
18 years$21,983$18,191$14,962$12,241$9,968$4,991
19 years$20,608$16,859$13,697$11,061$8,885$4,243
20 years$19,372$15,666$12,571$10,018$7,936$3,613
21 years$18,256$14,592$11,563$9,092$7,102$3,079
22 years$17,242$13,621$10,657$8,266$6,366$2,628
23 years$16,318$12,740$9,840$7,528$5,714$2,244
24 years$15,472$11,936$9,100$6,866$5,136$1,918
25 years$14,695$11,202$8,428$6,271$4,622$1,640
26 years$13,979$10,528$7,817$5,734$4,163$1,403
27 years$13,318$9,908$7,259$5,248$3,753$1,201
28 years$12,704$9,336$6,748$4,808$3,387$1,029
29 years$12,134$8,808$6,279$4,409$3,058$881
30 years$11,603$8,318$5,849$4,047$2,763$755
31 years$11,107$7,863$5,453$3,717$2,498$647
32 years$10,643$7,440$5,088$3,416$2,260$555
33 years$10,208$7,046$4,750$3,141$2,045$476
34 years$9,799$6,678$4,438$2,890$1,852$408
35 years$9,415$6,334$4,150$2,660$1,677$350
36 years$9,053$6,012$3,882$2,450$1,520$300
37 years$8,711$5,710$3,633$2,257$1,377$258
38 years$8,388$5,426$3,403$2,081$1,249$221
39 years$8,082$5,160$3,188$1,919$1,132$190
40 years$7,793$4,909$2,988$1,770$1,027$163
41 years$7,518$4,673$2,802$1,633$932$140
42 years$7,257$4,451$2,628$1,507$845$120
43 years$7,009$4,241$2,466$1,391$767$103
44 years$6,772$4,042$2,315$1,284$696$88
45 years$6,547$3,855$2,174$1,186$632$76
46 years$6,333$3,677$2,042$1,096$574$65
47 years$6,128$3,509$1,918$1,012$521$56
48 years$5,932$3,350$1,802$935$473$48
49 years$5,744$3,199$1,694$864$430$41
50 years$5,565$3,056$1,593$799$391$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $5,700,000, adding $2,643 every year, while hoping to spend $40,308 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: 76/18/6 Blend
68$5,700,000$5,700,000$5,700,000$5,700,000
69$6,284,126$5,982,026$5,893,676$6,757,834
70$6,882,220$6,232,258$6,048,227$7,319,611
71$7,539,968$6,493,400$6,206,604$7,929,738
72$8,263,413$6,765,945$6,368,894$8,597,286
73$9,059,211$7,050,407$6,535,182$9,327,934
74$9,934,699$7,347,325$6,705,559$10,127,932
75$10,897,957$7,657,263$6,880,114$11,004,162
76$11,957,890$7,980,810$7,058,939$11,964,197
77$13,124,308$8,318,583$7,242,127$13,016,378
78$14,408,023$8,671,229$7,429,774$14,169,886
79$15,820,946$9,039,423$7,621,975$15,434,830
80$17,376,200$9,423,873$7,818,829$16,822,343
81$19,088,248$9,825,319$8,020,436$18,344,683
82$20,973,025$10,244,535$8,226,896$20,015,349
83$23,048,089$10,682,333$8,438,313$21,849,204
84$25,332,788$11,139,561$8,654,790$23,862,622
85$27,848,441$11,617,108$8,876,434$26,073,630
86$30,618,539$12,115,903$9,103,351$28,502,086
87$33,668,968$12,636,920$9,335,652$31,169,861
88$37,028,252$13,181,179$9,573,445$34,101,043
89$40,727,822$13,749,745$9,816,844$37,322,165
90$44,802,313$14,343,735$10,065,961$40,862,453
91$49,289,890$14,964,319$10,320,912$44,754,098
92$54,232,608$15,612,721$10,581,812$49,032,563
93$59,676,811$16,290,221$10,848,780$53,736,908
94$65,673,566$16,998,162$11,121,934$58,910,165
95$72,279,146$17,737,948$11,401,395$64,599,738
96$79,555,562$18,511,051$11,687,285$70,857,846
97$87,571,146$19,319,009$11,979,726$77,742,018
98$96,401,199$20,163,436$12,278,843$85,315,633
99$106,128,698$21,046,021$12,584,760$93,648,512
100$116,845,081$21,968,532$12,897,605$102,817,578