Can I retire at age 69 with 7,800,000?

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$644,117$638,379$632,782$627,318$621,983$616,772
2 years$318,870$312,931$307,176$301,595$296,182$290,930
3 years$210,468$204,504$198,763$193,235$187,910$182,780
4 years$156,278$150,332$144,648$139,215$134,019$129,050
5 years$123,772$117,862$112,253$106,930$101,879$97,086
6 years$102,109$96,243$90,717$85,513$80,614$76,002
7 years$86,641$80,825$75,386$70,305$65,560$61,133
8 years$75,046$69,282$63,934$58,977$54,389$50,145
9 years$66,032$60,322$55,066$50,235$45,803$41,742
10 years$58,825$53,171$48,008$43,303$39,027$35,146
11 years$52,932$47,335$42,265$37,687$33,564$29,861
12 years$48,025$42,486$37,509$33,057$29,086$25,557
13 years$43,876$38,395$33,512$29,184$25,364$22,005
14 years$40,323$34,900$30,111$25,906$22,234$19,041
15 years$37,246$31,881$27,186$23,104$19,576$16,544
16 years$34,557$29,251$24,648$20,687$17,301$14,426
17 years$32,186$26,939$22,429$18,587$15,341$12,617
18 years$30,082$24,893$20,475$16,751$13,640$11,063
19 years$28,201$23,070$18,744$15,136$12,158$9,722
20 years$26,510$21,438$17,202$13,708$10,860$8,560
21 years$24,982$19,969$15,822$12,441$9,718$7,549
22 years$23,595$18,640$14,583$11,312$8,711$6,668
23 years$22,330$17,434$13,465$10,302$7,819$5,896
24 years$21,173$16,334$12,453$9,396$7,028$5,220
25 years$20,110$15,329$11,534$8,581$6,324$4,626
26 years$19,130$14,407$10,697$7,846$5,697$4,103
27 years$18,224$13,558$9,933$7,182$5,136$3,641
28 years$17,384$12,776$9,234$6,580$4,634$3,234
29 years$16,604$12,053$8,593$6,034$4,185$2,874
30 years$15,877$11,382$8,004$5,538$3,781$2,556
31 years$15,199$10,760$7,462$5,086$3,419$2,273
32 years$14,564$10,181$6,962$4,674$3,092$2,023
33 years$13,969$9,642$6,501$4,298$2,799$1,801
34 years$13,410$9,138$6,074$3,955$2,534$1,604
35 years$12,884$8,667$5,678$3,640$2,295$1,429
36 years$12,388$8,227$5,312$3,353$2,079$1,273
37 years$11,921$7,813$4,972$3,089$1,885$1,135
38 years$11,479$7,426$4,656$2,847$1,709$1,011
39 years$11,060$7,061$4,362$2,625$1,549$902
40 years$10,664$6,718$4,089$2,422$1,405$804
41 years$10,288$6,395$3,834$2,234$1,275$717
42 years$9,931$6,090$3,596$2,062$1,157$640
43 years$9,591$5,803$3,375$1,903$1,050$571
44 years$9,268$5,531$3,168$1,757$953$509
45 years$8,959$5,275$2,974$1,623$865$454
46 years$8,666$5,032$2,794$1,499$786$405
47 years$8,385$4,802$2,625$1,385$713$362
48 years$8,117$4,584$2,466$1,280$648$323
49 years$7,861$4,377$2,318$1,183$588$288
50 years$7,616$4,182$2,179$1,093$534$257

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $7,800,000, adding $3,673 every year, while hoping to spend $26,627 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: 61/17/22 Blend
68$7,800,000$7,800,000$7,800,000$7,800,000
69$8,599,389$8,185,989$8,065,089$9,073,952
70$9,448,195$8,558,771$8,306,938$9,768,508
71$10,382,688$8,948,928$8,555,997$10,522,967
72$11,411,578$9,357,281$8,812,479$11,345,817
73$12,544,466$9,784,695$9,076,604$12,243,716
74$13,791,929$10,232,072$9,348,597$13,223,985
75$15,165,622$10,700,360$9,628,692$14,294,683
76$16,678,390$11,190,553$9,917,128$15,464,675
77$18,344,386$11,703,689$10,214,152$16,743,716
78$20,179,204$12,240,861$10,520,017$18,142,543
79$22,200,030$12,803,211$10,834,985$19,672,970
80$24,425,801$13,391,935$11,159,324$21,348,001
81$26,877,383$14,008,291$11,493,312$23,181,952
82$29,577,771$14,653,592$11,837,233$25,190,579
83$32,552,305$15,329,219$12,191,381$27,391,228
84$35,828,905$16,036,615$12,556,057$29,802,995
85$39,438,340$16,777,297$12,931,572$32,446,903
86$43,414,517$17,552,851$13,318,246$35,346,102
87$47,794,798$18,364,941$13,716,408$38,526,079
88$52,620,356$19,215,311$14,126,396$42,014,899
89$57,936,561$20,105,790$14,548,559$45,843,466
90$63,793,411$21,038,294$14,983,256$50,045,813
91$70,245,999$22,014,831$15,430,856$54,659,418
92$77,355,040$23,037,507$15,891,738$59,725,555
93$85,187,437$24,108,528$16,366,295$65,289,682
94$93,816,918$25,230,208$16,854,928$71,401,863
95$103,324,727$26,404,972$17,358,051$78,117,240
96$113,800,395$27,635,361$17,876,092$85,496,547
97$125,342,582$28,924,041$18,409,488$93,606,680
98$138,060,011$30,273,804$18,958,691$102,521,326
99$152,072,490$31,687,579$19,524,165$112,321,651
100$167,512,049$33,168,435$20,106,390$123,097,064