Can I retire at age 69 with 8,500,000?

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$701,922$695,670$689,570$683,616$677,802$671,562
2 years$347,486$341,015$334,743$328,661$322,763$316,476
3 years$229,356$222,857$216,601$210,577$204,774$198,635
4 years$170,303$163,823$157,630$151,709$146,047$140,103
5 years$134,880$128,439$122,327$116,527$111,022$105,291
6 years$111,273$104,880$98,859$93,187$87,848$82,337
7 years$94,417$88,078$82,152$76,614$71,444$66,155
8 years$81,781$75,500$69,671$64,270$59,270$54,203
9 years$71,958$65,736$60,008$54,744$49,914$45,067
10 years$64,104$57,943$52,316$47,190$42,529$37,900
11 years$57,683$51,583$46,058$41,069$36,576$32,161
12 years$52,335$46,298$40,876$36,023$31,696$27,491
13 years$47,814$41,840$36,520$31,803$27,640$23,639
14 years$43,942$38,032$32,813$28,231$24,229$20,428
15 years$40,589$34,743$29,626$25,177$21,333$17,726
16 years$37,658$31,876$26,860$22,544$18,854$15,436
17 years$35,075$29,356$24,442$20,255$16,717$13,481
18 years$32,781$27,126$22,312$18,254$14,864$11,804
19 years$30,731$25,141$20,426$16,494$13,249$10,358
20 years$28,889$23,362$18,746$14,939$11,834$9,107
21 years$27,224$21,761$17,242$13,558$10,590$8,020
22 years$25,712$20,313$15,892$12,327$9,493$7,072
23 years$24,334$18,998$14,673$11,226$8,521$6,245
24 years$23,073$17,800$13,570$10,239$7,659$5,520
25 years$21,914$16,704$12,569$9,351$6,892$4,884
26 years$20,847$15,699$11,657$8,550$6,208$4,325
27 years$19,860$14,775$10,824$7,826$5,597$3,833
28 years$18,945$13,922$10,063$7,170$5,050$3,399
29 years$18,094$13,134$9,364$6,575$4,560$3,015
30 years$17,302$12,404$8,722$6,035$4,121$2,677
31 years$16,563$11,726$8,132$5,542$3,725$2,377
32 years$15,871$11,095$7,587$5,093$3,370$2,112
33 years$15,222$10,507$7,084$4,684$3,050$1,877
34 years$14,613$9,958$6,619$4,310$2,761$1,669
35 years$14,040$9,445$6,188$3,967$2,501$1,484
36 years$13,500$8,965$5,789$3,654$2,266$1,320
37 years$12,990$8,515$5,418$3,366$2,054$1,175
38 years$12,509$8,092$5,074$3,103$1,862$1,045
39 years$12,053$7,695$4,754$2,861$1,688$930
40 years$11,621$7,321$4,456$2,639$1,531$828
41 years$11,211$6,969$4,178$2,435$1,389$737
42 years$10,822$6,637$3,919$2,247$1,261$656
43 years$10,452$6,324$3,678$2,074$1,144$585
44 years$10,099$6,028$3,452$1,915$1,039$521
45 years$9,763$5,748$3,241$1,769$943$464
46 years$9,443$5,483$3,044$1,634$856$413
47 years$9,138$5,233$2,860$1,509$777$368
48 years$8,846$4,995$2,688$1,395$706$328
49 years$8,566$4,770$2,526$1,289$641$292
50 years$8,299$4,557$2,375$1,191$582$260

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $8,500,000, adding $6,192 every year, while hoping to spend $53,307 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: 54/39/7 Blend
68$8,500,000$8,500,000$8,500,000$8,500,000
69$9,373,387$8,922,887$8,791,137$9,863,863
70$10,272,754$9,303,390$9,028,922$10,576,759
71$11,262,070$9,700,752$9,272,886$11,345,832
72$12,350,454$10,115,741$9,523,180$12,181,532
73$13,547,951$10,549,163$9,779,958$13,090,178
74$14,865,633$11,001,863$10,043,377$14,078,715
75$16,315,695$11,474,722$10,313,598$15,154,774
76$17,911,578$11,968,665$10,590,785$16,326,741
77$19,668,088$12,484,659$10,875,105$17,603,838
78$21,601,543$13,023,717$11,166,731$18,996,199
79$23,729,920$13,586,899$11,465,837$20,514,972
80$26,073,030$14,175,315$11,772,600$22,172,410
81$28,652,701$14,790,127$12,087,204$23,981,993
82$31,492,985$15,432,552$12,409,834$25,958,545
83$34,620,386$16,103,864$12,740,680$28,118,372
84$38,064,108$16,805,396$13,079,936$30,479,414
85$41,856,332$17,538,545$13,427,798$33,061,407
86$46,032,518$18,304,773$13,784,470$35,886,064
87$50,631,740$19,105,613$14,150,154$38,977,281
88$55,697,056$19,942,666$14,525,063$42,361,350
89$61,275,911$20,817,612$14,909,408$46,067,209
90$67,420,589$21,732,211$15,303,409$50,126,706
91$74,188,703$22,688,302$15,707,286$54,574,894
92$81,643,737$23,687,815$16,121,267$59,450,358
93$89,855,649$24,732,770$16,545,581$64,795,572
94$98,901,531$25,825,281$16,980,463$70,657,293
95$108,866,332$26,967,564$17,426,153$77,086,998
96$119,843,663$28,161,940$17,882,895$84,141,359
97$131,936,680$29,410,839$18,350,935$91,882,775
98$145,259,058$30,716,806$18,830,527$100,379,952
99$159,936,060$32,082,508$19,321,928$109,708,541
100$176,105,724$33,510,737$19,825,399$119,951,847