Can I retire at age 69 with 7,300,000?

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 $7,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$602,827$597,458$592,219$587,105$582,112$577,959
2 years$298,429$292,871$287,485$282,262$277,196$273,009
3 years$196,977$191,395$186,022$180,848$175,865$171,772
4 years$146,260$140,695$135,376$130,291$125,428$121,462
5 years$115,838$110,307$105,057$100,076$95,349$91,520
6 years$95,564$90,074$84,902$80,031$75,446$71,761
7 years$81,087$75,644$70,554$65,798$61,358$57,818
8 years$70,235$64,841$59,835$55,197$50,902$47,507
9 years$61,799$56,456$51,536$47,015$42,867$39,615
10 years$55,054$49,763$44,930$40,528$36,525$33,415
11 years$49,539$44,301$39,556$35,271$31,413$28,443
12 years$44,947$39,762$35,105$30,938$27,221$24,389
13 years$41,064$35,933$31,364$27,313$23,738$21,040
14 years$37,738$32,662$28,181$24,246$20,808$18,241
15 years$34,859$29,838$25,443$21,623$18,321$15,882
16 years$32,342$27,376$23,068$19,361$16,192$13,877
17 years$30,123$25,212$20,991$17,396$14,357$12,162
18 years$28,153$23,297$19,162$15,677$12,766$10,687
19 years$26,393$21,591$17,542$14,165$11,378$9,412
20 years$24,810$20,064$16,099$12,830$10,163$8,305
21 years$23,381$18,689$14,808$11,644$9,095$7,340
22 years$22,082$17,445$13,648$10,587$8,153$6,498
23 years$20,899$16,316$12,602$9,642$7,318$5,759
24 years$19,816$15,287$11,654$8,794$6,578$5,110
25 years$18,821$14,346$10,794$8,031$5,919$4,539
26 years$17,904$13,483$10,011$7,343$5,332$4,035
27 years$17,056$12,689$9,296$6,721$4,807$3,590
28 years$16,270$11,957$8,642$6,158$4,337$3,196
29 years$15,540$11,280$8,042$5,647$3,916$2,847
30 years$14,860$10,653$7,491$5,183$3,539$2,538
31 years$14,225$10,070$6,984$4,760$3,199$2,263
32 years$13,630$9,529$6,516$4,374$2,894$2,019
33 years$13,073$9,024$6,084$4,023$2,619$1,802
34 years$12,550$8,552$5,684$3,701$2,371$1,609
35 years$12,058$8,112$5,314$3,407$2,148$1,437
36 years$11,594$7,699$4,972$3,138$1,946$1,283
37 years$11,156$7,313$4,653$2,891$1,764$1,147
38 years$10,743$6,950$4,358$2,665$1,599$1,025
39 years$10,351$6,608$4,083$2,457$1,450$916
40 years$9,980$6,287$3,827$2,266$1,315$819
41 years$9,628$5,985$3,588$2,091$1,193$732
42 years$9,294$5,700$3,366$1,930$1,083$655
43 years$8,976$5,431$3,158$1,781$983$586
44 years$8,673$5,177$2,965$1,645$892$524
45 years$8,385$4,936$2,784$1,519$810$468
46 years$8,110$4,709$2,615$1,403$735$419
47 years$7,848$4,494$2,456$1,296$668$375
48 years$7,597$4,290$2,308$1,198$606$335
49 years$7,357$4,097$2,170$1,107$551$300
50 years$7,127$3,913$2,040$1,023$500$269

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $7,300,000, adding $2,710 every year, while hoping to spend $34,629 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: 70/19/11 Blend
68$7,300,000$7,300,000$7,300,000$7,300,000
69$8,047,395$7,660,495$7,547,345$8,592,358
70$8,831,385$7,999,015$7,763,336$9,292,498
71$9,694,180$8,352,961$7,985,403$10,053,947
72$10,643,784$8,723,053$8,213,711$10,886,291
73$11,689,012$9,110,045$8,448,432$11,796,500
74$12,839,580$9,514,726$8,689,743$12,792,246
75$14,106,192$9,937,922$8,937,825$13,881,971
76$15,500,643$10,380,499$9,192,861$15,074,969
77$17,035,930$10,843,365$9,455,043$16,381,467
78$18,726,374$11,327,469$9,724,566$17,812,725
79$20,587,756$11,833,807$10,001,631$19,381,137
80$22,637,464$12,363,421$10,286,443$21,100,348
81$24,894,661$12,917,404$10,579,214$22,985,381
82$27,380,459$13,496,899$10,880,160$25,052,775
83$30,118,124$14,103,106$11,189,504$27,320,743
84$33,133,294$14,737,280$11,507,474$29,809,338
85$36,454,220$15,400,736$11,834,304$32,540,640
86$40,112,032$16,094,854$12,170,235$35,538,968
87$44,141,035$16,821,077$12,515,514$38,831,098
88$48,579,029$17,580,919$12,870,393$42,446,521
89$53,467,671$18,375,965$13,235,132$46,417,717
90$58,852,862$19,207,876$13,609,997$50,780,454
91$64,785,185$20,078,392$13,995,262$55,574,131
92$71,320,378$20,989,338$14,391,208$60,842,141
93$78,519,865$21,942,624$14,798,122$66,632,278
94$86,451,330$22,940,252$15,216,298$72,997,188
95$95,189,363$23,984,321$15,646,041$79,994,861
96$104,816,154$25,077,029$16,087,659$87,689,174
97$115,422,278$26,220,680$16,541,473$96,150,491
98$127,107,546$27,417,689$17,007,808$105,456,324
99$139,981,946$28,670,585$17,486,999$115,692,060
100$154,166,681$29,982,020$17,979,390$126,951,765