Can I retire at age 69 with 7,400,000?

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 $7,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$611,085$605,642$600,331$595,148$590,086$568,246
2 years$302,517$296,883$291,423$286,129$280,994$259,236
3 years$199,675$194,016$188,570$183,325$178,274$157,284
4 years$148,264$142,623$137,231$132,076$127,146$107,084
5 years$117,425$111,818$106,497$101,447$96,655$77,572
6 years$96,873$91,308$86,065$81,128$76,480$58,390
7 years$82,198$76,680$71,520$66,700$62,198$45,098
8 years$71,197$65,729$60,655$55,953$51,600$35,472
9 years$62,646$57,229$52,242$47,659$43,454$28,277
10 years$55,808$50,444$45,546$41,083$37,025$22,772
11 years$50,218$44,908$40,098$35,754$31,843$18,483
12 years$45,562$40,307$35,586$31,361$27,594$15,094
13 years$41,626$36,426$31,794$27,687$24,063$12,386
14 years$38,255$33,110$28,567$24,578$21,093$10,205
15 years$35,336$30,246$25,792$21,919$18,572$8,434
16 years$32,785$27,751$23,384$19,626$16,414$6,988
17 years$30,536$25,557$21,279$17,634$14,554$5,803
18 years$28,539$23,616$19,425$15,892$12,941$4,827
19 years$26,754$21,887$17,782$14,360$11,534$4,021
20 years$25,150$20,339$16,320$13,005$10,303$3,353
21 years$23,701$18,945$15,011$11,803$9,220$2,799
22 years$22,385$17,684$13,835$10,732$8,264$2,339
23 years$21,185$16,540$12,774$9,774$7,418$1,955
24 years$20,087$15,496$11,814$8,914$6,668$1,636
25 years$19,078$14,543$10,942$8,141$6,000$1,369
26 years$18,149$13,668$10,148$7,444$5,405$1,146
27 years$17,289$12,863$9,423$6,813$4,873$960
28 years$16,493$12,121$8,760$6,242$4,397$804
29 years$15,753$11,434$8,152$5,724$3,970$674
30 years$15,063$10,799$7,594$5,254$3,587$565
31 years$14,419$10,208$7,079$4,825$3,243$473
32 years$13,817$9,659$6,605$4,434$2,934$397
33 years$13,252$9,147$6,167$4,078$2,655$333
34 years$12,722$8,670$5,762$3,752$2,404$279
35 years$12,223$8,223$5,387$3,454$2,177$234
36 years$11,753$7,805$5,040$3,181$1,973$196
37 years$11,309$7,413$4,717$2,931$1,788$165
38 years$10,890$7,045$4,417$2,701$1,621$138
39 years$10,493$6,699$4,139$2,491$1,470$116
40 years$10,117$6,373$3,879$2,297$1,333$97
41 years$9,760$6,067$3,637$2,120$1,210$81
42 years$9,421$5,778$3,412$1,956$1,098$68
43 years$9,099$5,505$3,202$1,806$996$57
44 years$8,792$5,248$3,005$1,667$904$48
45 years$8,500$5,004$2,822$1,540$821$40
46 years$8,221$4,774$2,650$1,422$745$34
47 years$7,955$4,556$2,490$1,314$677$28
48 years$7,701$4,349$2,340$1,214$615$24
49 years$7,458$4,153$2,199$1,122$558$20
50 years$7,225$3,967$2,068$1,037$507$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $7,400,000, adding $2,477 every year, while hoping to spend $26,911 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: 27/49/24 Blend
68$7,400,000$7,400,000$7,400,000$7,400,000
69$8,157,355$7,765,155$7,650,455$8,315,973
70$8,960,772$8,117,015$7,878,112$8,794,208
71$9,845,236$8,485,213$8,112,494$9,304,819
72$10,818,985$8,870,523$8,353,797$9,852,510
73$11,891,096$9,273,754$8,602,224$10,440,447
74$13,071,573$9,695,753$8,857,984$11,072,096
75$14,371,437$10,137,409$9,121,290$11,751,244
76$15,802,834$10,599,653$9,392,364$12,482,040
77$17,379,148$11,083,460$9,671,433$13,269,023
78$19,115,125$11,589,853$9,958,729$14,117,165
79$21,027,015$12,119,904$10,254,495$15,031,910
80$23,132,726$12,674,734$10,558,976$16,019,227
81$25,451,990$13,255,522$10,872,427$17,085,653
82$28,006,550$13,863,499$11,195,110$18,238,357
83$30,820,366$14,499,959$11,527,295$19,485,199
84$33,919,842$15,166,255$11,869,257$20,834,801
85$37,334,072$15,863,808$12,221,284$22,296,620
86$41,095,117$16,594,105$12,583,666$23,881,032
87$45,238,307$17,358,704$12,956,708$25,599,426
88$49,802,575$18,159,241$13,340,718$27,464,303
89$54,830,822$18,997,428$13,736,016$29,489,388
90$60,370,324$19,875,060$14,142,931$31,689,751
91$66,473,178$20,794,019$14,561,800$34,081,944
92$73,196,793$21,756,277$14,992,971$36,684,150
93$80,604,433$22,763,901$15,436,802$39,516,342
94$88,765,811$23,819,058$15,893,661$42,600,469
95$97,757,751$24,924,020$16,363,926$45,960,650
96$107,664,910$26,081,166$16,847,987$49,623,394
97$118,580,580$27,292,992$17,346,243$53,617,841
98$130,607,564$28,562,113$17,859,107$57,976,026
99$143,859,152$29,891,272$18,387,003$62,733,171
100$158,460,184$31,283,343$18,930,366$67,928,009