Can I retire at age 69 with 6,700,000?

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$553,280$548,351$543,543$538,850$534,267$522,413
2 years$273,901$268,800$263,856$259,063$254,413$242,532
3 years$180,787$175,664$170,732$165,984$161,410$149,873
4 years$134,239$129,131$124,249$119,582$115,119$104,014
5 years$106,317$101,241$96,423$91,850$87,512$76,871
6 years$87,709$82,671$77,924$73,454$69,245$59,079
7 years$74,423$69,427$64,755$60,390$56,315$46,626
8 years$64,463$59,511$54,917$50,660$46,718$37,503
9 years$56,720$51,815$47,300$43,151$39,344$30,595
10 years$50,529$45,673$41,238$37,197$33,523$25,232
11 years$45,467$40,660$36,305$32,372$28,831$20,986
12 years$41,252$36,494$32,220$28,395$24,984$17,574
13 years$37,689$32,980$28,786$25,068$21,787$14,797
14 years$34,636$29,978$25,864$22,253$19,098$12,515
15 years$31,994$27,385$23,352$19,846$16,815$10,625
16 years$29,684$25,125$21,172$17,770$14,862$9,047
17 years$27,647$23,140$19,266$15,966$13,177$7,724
18 years$25,839$21,382$17,587$14,388$11,717$6,609
19 years$24,224$19,817$16,100$13,001$10,443$5,665
20 years$22,771$18,415$14,776$11,775$9,328$4,863
21 years$21,459$17,152$13,591$10,687$8,348$4,180
22 years$20,267$16,011$12,526$9,717$7,482$3,598
23 years$19,181$14,975$11,566$8,849$6,717$3,099
24 years$18,187$14,031$10,696$8,071$6,037$2,672
25 years$17,274$13,167$9,907$7,371$5,432$2,305
26 years$16,432$12,375$9,188$6,739$4,893$1,990
27 years$15,654$11,646$8,532$6,169$4,412$1,719
28 years$14,933$10,974$7,932$5,652$3,981$1,485
29 years$14,263$10,353$7,381$5,183$3,595$1,284
30 years$13,638$9,777$6,875$4,757$3,248$1,110
31 years$13,055$9,243$6,410$4,369$2,936$960
32 years$12,510$8,745$5,980$4,015$2,656$831
33 years$11,999$8,282$5,584$3,692$2,404$719
34 years$11,519$7,850$5,217$3,397$2,176$622
35 years$11,067$7,445$4,878$3,127$1,971$539
36 years$10,641$7,067$4,563$2,880$1,786$466
37 years$10,239$6,712$4,271$2,654$1,619$404
38 years$9,860$6,378$3,999$2,446$1,468$350
39 years$9,500$6,065$3,747$2,255$1,331$303
40 years$9,160$5,771$3,512$2,080$1,207$262
41 years$8,837$5,493$3,293$1,919$1,095$227
42 years$8,530$5,231$3,089$1,771$994$197
43 years$8,238$4,984$2,899$1,635$902$170
44 years$7,961$4,751$2,721$1,510$819$148
45 years$7,696$4,531$2,555$1,394$743$128
46 years$7,444$4,322$2,400$1,288$675$111
47 years$7,203$4,125$2,254$1,190$613$96
48 years$6,972$3,938$2,119$1,099$556$83
49 years$6,752$3,760$1,991$1,016$505$72
50 years$6,542$3,592$1,872$939$459$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $6,700,000, adding $6,759 every year, while hoping to spend $34,694 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: 40/34/26 Blend
68$6,700,000$6,700,000$6,700,000$6,700,000
69$7,390,372$7,035,272$6,931,422$7,628,957
70$8,107,276$7,343,086$7,126,710$8,110,133
71$8,896,141$7,664,820$7,327,378$8,626,613
72$9,764,271$8,001,120$7,533,569$9,184,714
73$10,719,713$8,352,662$7,745,430$9,788,265
74$11,771,334$8,720,152$7,963,112$10,441,467
75$12,928,904$9,104,334$8,186,770$11,148,932
76$14,203,188$9,505,982$8,416,563$11,915,726
77$15,606,049$9,925,910$8,652,653$12,747,411
78$17,150,556$10,364,971$8,895,208$13,650,097
79$18,851,113$10,824,055$9,144,398$14,630,498
80$20,723,590$11,304,097$9,400,399$15,695,990
81$22,785,474$11,806,075$9,663,390$16,854,677
82$25,056,035$12,331,015$9,933,555$18,115,469
83$27,556,505$12,879,990$10,211,084$19,488,161
84$30,310,283$13,454,124$10,496,170$20,983,517
85$33,343,152$14,054,596$10,789,012$22,613,378
86$36,683,522$14,682,639$11,089,812$24,390,762
87$40,362,699$15,339,547$11,398,779$26,329,985
88$44,415,183$16,026,673$11,716,126$28,446,795
89$48,878,988$16,745,436$12,042,073$30,758,513
90$53,796,004$17,497,322$12,376,842$33,284,197
91$59,212,395$18,283,889$12,720,664$36,044,810
92$65,179,026$19,106,767$13,073,774$39,063,421
93$71,751,954$19,967,665$13,436,412$42,365,412
94$78,992,948$20,868,375$13,808,826$45,978,717
95$86,970,074$21,810,771$14,191,268$49,934,078
96$95,758,344$22,796,821$14,583,997$54,265,329
97$105,440,412$23,828,582$14,987,278$59,009,710
98$116,107,364$24,908,213$15,401,382$64,208,216
99$127,859,575$26,037,975$15,826,588$69,905,972
100$140,807,653$27,220,237$16,263,180$76,152,656