Can I retire at age 69 with 5,800,000?

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$478,959$474,692$470,530$466,467$462,500$452,238
2 years$237,108$232,692$228,413$224,263$220,238$209,953
3 years$156,502$152,067$147,798$143,688$139,728$129,740
4 years$116,207$111,785$107,559$103,519$99,655$90,042
5 years$92,036$87,641$83,470$79,512$75,756$66,545
6 years$75,927$71,566$67,456$63,587$59,943$51,143
7 years$64,426$60,101$56,057$52,278$48,750$40,363
8 years$55,803$51,517$47,540$43,855$40,443$32,466
9 years$49,101$44,855$40,947$37,355$34,059$26,485
10 years$43,742$39,538$35,698$32,200$29,020$21,842
11 years$39,360$35,198$31,428$28,024$24,958$18,167
12 years$35,711$31,592$27,892$24,580$21,628$15,213
13 years$32,626$28,550$24,919$21,701$18,860$12,810
14 years$29,984$25,951$22,390$19,264$16,533$10,834
15 years$27,696$23,707$20,215$17,180$14,557$9,198
16 years$25,696$21,750$18,328$15,383$12,865$7,832
17 years$23,933$20,031$16,678$13,821$11,407$6,687
18 years$22,368$18,510$15,225$12,456$10,143$5,721
19 years$20,970$17,155$13,938$11,255$9,040$4,904
20 years$19,712$15,941$12,791$10,193$8,075$4,210
21 years$18,576$14,848$11,765$9,251$7,226$3,619
22 years$17,545$13,860$10,844$8,411$6,477$3,114
23 years$16,605$12,963$10,012$7,660$5,814$2,683
24 years$15,744$12,146$9,260$6,987$5,226$2,313
25 years$14,953$11,398$8,576$6,381$4,703$1,995
26 years$14,225$10,713$7,954$5,834$4,236$1,722
27 years$13,551$10,082$7,386$5,340$3,819$1,488
28 years$12,927$9,500$6,866$4,893$3,446$1,285
29 years$12,347$8,962$6,390$4,487$3,112$1,111
30 years$11,806$8,464$5,952$4,118$2,812$961
31 years$11,302$8,001$5,549$3,782$2,542$831
32 years$10,830$7,571$5,177$3,476$2,299$719
33 years$10,387$7,170$4,834$3,196$2,081$622
34 years$9,971$6,795$4,516$2,941$1,884$539
35 years$9,580$6,445$4,222$2,707$1,706$466
36 years$9,212$6,117$3,950$2,493$1,546$404
37 years$8,864$5,810$3,697$2,297$1,401$349
38 years$8,535$5,522$3,462$2,117$1,270$303
39 years$8,224$5,250$3,244$1,952$1,152$262
40 years$7,930$4,995$3,040$1,801$1,045$227
41 years$7,650$4,755$2,851$1,661$948$197
42 years$7,384$4,529$2,674$1,533$860$170
43 years$7,132$4,315$2,509$1,415$781$148
44 years$6,891$4,113$2,355$1,307$709$128
45 years$6,662$3,922$2,212$1,207$643$111
46 years$6,444$3,742$2,077$1,115$584$96
47 years$6,235$3,571$1,952$1,030$530$83
48 years$6,036$3,409$1,834$952$482$72
49 years$5,845$3,255$1,724$880$437$62
50 years$5,663$3,109$1,621$813$397$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $5,800,000, adding $4,356 every year, while hoping to spend $26,877 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: 64/30/6 Blend
68$5,800,000$5,800,000$5,800,000$5,800,000
69$6,396,093$6,088,693$5,998,793$6,798,765
70$7,019,898$6,358,442$6,171,156$7,337,013
71$7,706,430$6,640,508$6,348,392$7,921,041
72$8,462,059$6,935,466$6,530,636$8,558,171
73$9,293,803$7,243,919$6,718,027$9,253,553
74$10,209,397$7,566,497$6,910,707$10,012,847
75$11,217,362$7,903,861$7,108,822$10,842,282
76$12,327,087$8,256,705$7,312,522$11,748,707
77$13,548,919$8,625,753$7,521,961$12,739,656
78$14,894,259$9,011,765$7,737,296$13,823,420
79$16,375,669$9,415,537$7,958,691$15,009,119
80$18,006,992$9,837,903$8,186,312$16,306,790
81$19,803,482$10,279,736$8,420,330$17,727,475
82$21,781,946$10,741,953$8,660,921$19,283,329
83$23,960,907$11,225,511$8,908,264$20,987,727
84$26,360,774$11,731,415$9,162,545$22,855,392
85$29,004,037$12,260,718$9,423,954$24,902,528
86$31,915,478$12,814,523$9,692,686$27,146,973
87$35,122,406$13,393,984$9,968,940$29,608,364
88$38,654,915$14,000,313$10,252,923$32,308,318
89$42,546,166$14,634,778$10,544,846$35,270,637
90$46,832,700$15,298,707$10,844,923$38,521,523
91$51,554,786$15,993,494$11,153,379$42,089,830
92$56,756,797$16,720,598$11,470,440$46,007,327
93$62,487,631$17,481,548$11,796,340$50,308,995
94$68,801,171$18,277,946$12,131,319$55,033,358
95$75,756,797$19,111,471$12,475,624$60,222,838
96$83,419,940$19,983,883$12,829,508$65,924,153
97$91,862,706$20,897,026$13,193,229$72,188,753
98$101,164,554$21,852,832$13,567,053$79,073,303
99$111,413,043$22,853,325$13,951,254$86,640,213
100$122,704,663$23,900,628$14,346,111$94,958,220