Can I retire at age 69 with 8,000,000?

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 $8,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$660,633$654,748$649,007$643,403$637,931$633,911
2 years$327,046$320,955$315,052$309,328$303,777$299,721
3 years$215,865$209,748$203,859$198,190$192,728$188,764
4 years$160,285$154,187$148,357$142,785$137,456$133,612
5 years$126,946$120,884$115,131$109,672$104,492$100,780
6 years$104,727$98,711$93,043$87,706$82,681$79,107
7 years$88,863$82,897$77,319$72,108$67,241$63,806
8 years$76,970$71,058$65,573$60,489$55,783$52,487
9 years$67,725$61,869$56,478$51,524$46,978$43,820
10 years$60,333$54,535$49,239$44,414$40,027$37,006
11 years$54,289$48,549$43,349$38,653$34,425$31,538
12 years$49,256$43,575$38,471$33,904$29,832$27,077
13 years$45,001$39,379$34,371$29,932$26,014$23,388
14 years$41,357$35,794$30,883$26,571$22,804$20,304
15 years$38,201$32,699$27,883$23,696$20,078$17,702
16 years$35,443$30,001$25,280$21,217$17,745$15,488
17 years$33,012$27,629$23,004$19,064$15,734$13,593
18 years$30,853$25,531$21,000$17,180$13,990$11,961
19 years$28,924$23,662$19,224$15,524$12,470$10,549
20 years$27,189$21,988$17,643$14,060$11,138$9,322
21 years$25,622$20,481$16,228$12,760$9,967$8,251
22 years$24,200$19,118$14,957$11,602$8,934$7,315
23 years$22,903$17,881$13,810$10,566$8,020$6,493
24 years$21,716$16,753$12,772$9,637$7,208$5,771
25 years$20,625$15,722$11,829$8,801$6,487$5,133
26 years$19,620$14,776$10,971$8,047$5,843$4,571
27 years$18,691$13,906$10,188$7,366$5,268$4,073
28 years$17,830$13,103$9,471$6,749$4,753$3,632
29 years$17,030$12,362$8,813$6,189$4,292$3,241
30 years$16,285$11,674$8,209$5,680$3,878$2,893
31 years$15,589$11,036$7,653$5,216$3,506$2,584
32 years$14,937$10,442$7,141$4,794$3,172$2,309
33 years$14,327$9,889$6,667$4,408$2,870$2,064
34 years$13,753$9,373$6,229$4,056$2,599$1,846
35 years$13,214$8,890$5,824$3,734$2,354$1,651
36 years$12,706$8,438$5,448$3,439$2,133$1,478
37 years$12,226$8,014$5,100$3,168$1,933$1,322
38 years$11,773$7,616$4,775$2,920$1,752$1,184
39 years$11,344$7,242$4,474$2,693$1,589$1,060
40 years$10,937$6,890$4,194$2,484$1,441$949
41 years$10,552$6,559$3,932$2,291$1,308$850
42 years$10,185$6,246$3,689$2,115$1,187$762
43 years$9,837$5,952$3,461$1,952$1,077$682
44 years$9,505$5,673$3,249$1,803$977$611
45 years$9,189$5,410$3,051$1,665$887$548
46 years$8,888$5,161$2,865$1,538$806$491
47 years$8,600$4,925$2,692$1,421$732$440
48 years$8,325$4,702$2,530$1,313$664$394
49 years$8,062$4,490$2,378$1,213$603$353
50 years$7,811$4,289$2,235$1,121$548$317

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $8,000,000, adding $4,629 every year, while hoping to spend $54,243 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: 52/22/26 Blend
68$8,000,000$8,000,000$8,000,000$8,000,000
69$8,820,775$8,396,775$8,272,775$9,215,095
70$9,662,780$8,750,503$8,492,199$9,842,725
71$10,588,851$9,119,745$8,717,155$10,519,195
72$11,607,507$9,505,205$8,947,772$11,253,987
73$12,728,130$9,907,619$9,184,181$12,052,684
74$13,961,063$10,327,755$9,426,514$12,921,424
75$15,317,696$10,766,420$9,674,907$13,866,959
76$16,810,583$11,224,456$9,929,499$14,896,714
77$18,453,555$11,702,747$10,190,429$16,018,856
78$20,261,851$12,202,215$10,457,842$17,242,369
79$22,252,263$12,723,827$10,731,883$18,577,139
80$24,443,294$13,268,594$11,012,701$20,034,042
81$26,855,331$13,837,576$11,300,447$21,625,046
82$29,510,838$14,431,881$11,595,276$23,363,320
83$32,434,570$15,052,670$11,897,344$25,263,361
84$35,653,801$15,701,156$12,206,811$27,341,121
85$39,198,588$16,378,612$12,523,838$29,614,161
86$43,102,048$17,086,368$12,848,590$32,101,810
87$47,400,675$17,825,818$13,181,236$34,825,347
88$52,134,681$18,598,420$13,521,945$37,808,199
89$57,348,380$19,405,704$13,870,891$41,076,157
90$63,090,598$20,249,267$14,228,249$44,657,618
91$69,415,142$21,130,784$14,594,199$48,583,851
92$76,381,302$22,052,008$14,968,920$52,889,284
93$84,054,414$23,014,776$15,352,598$57,611,831
94$92,506,473$24,021,009$15,745,419$62,793,241
95$101,816,816$25,072,720$16,147,573$68,479,494
96$112,072,866$26,172,018$16,559,251$74,721,225
97$123,370,961$27,321,110$16,980,649$81,574,202
98$135,817,261$28,522,307$17,411,964$89,099,846
99$149,528,752$29,778,030$17,853,395$97,365,805
100$164,634,346$31,090,815$18,305,145$106,446,593