Can I retire at age 69 with 8,800,000?

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 $8,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$726,696$720,223$713,907$707,743$701,724$691,523
2 years$359,750$353,050$346,557$340,261$334,154$323,899
3 years$237,451$230,722$224,245$218,009$212,001$202,009
4 years$176,314$169,605$163,193$157,063$151,201$141,550
5 years$139,641$132,973$126,645$120,639$114,941$105,659
6 years$115,200$108,582$102,348$96,476$90,949$82,046
7 years$97,749$91,187$85,051$79,318$73,966$65,446
8 years$84,667$78,164$72,130$66,538$61,362$53,224
9 years$74,498$68,056$62,126$56,676$51,675$43,915
10 years$66,367$59,988$54,163$48,855$44,030$36,642
11 years$59,718$53,404$47,684$42,519$37,867$30,844
12 years$54,182$47,932$42,318$37,295$32,815$26,147
13 years$49,501$43,317$37,809$32,925$28,615$22,295
14 years$45,493$39,374$33,971$29,228$25,084$19,100
15 years$42,022$35,969$30,671$26,066$22,086$16,429
16 years$38,987$33,001$27,808$23,339$19,520$14,178
17 years$36,313$30,392$25,304$20,970$17,307$12,270
18 years$33,938$28,084$23,100$18,898$15,389$10,644
19 years$31,816$26,028$21,147$17,076$13,717$9,253
20 years$29,908$24,186$19,407$15,466$12,252$8,057
21 years$28,185$22,529$17,851$14,036$10,964$7,027
22 years$26,620$21,030$16,452$12,762$9,828$6,136
23 years$25,193$19,669$15,191$11,623$8,822$5,364
24 years$23,887$18,428$14,049$10,601$7,929$4,694
25 years$22,688$17,294$13,012$9,681$7,135$4,111
26 years$21,582$16,254$12,068$8,852$6,427$3,603
27 years$20,560$15,296$11,206$8,102$5,795$3,160
28 years$19,613$14,414$10,418$7,423$5,229$2,773
29 years$18,733$13,598$9,695$6,807$4,721$2,435
30 years$17,913$12,842$9,030$6,248$4,266$2,138
31 years$17,147$12,140$8,419$5,738$3,857$1,879
32 years$16,431$11,487$7,855$5,273$3,489$1,652
33 years$15,760$10,878$7,334$4,849$3,157$1,452
34 years$15,129$10,310$6,852$4,462$2,859$1,277
35 years$14,536$9,779$6,407$4,107$2,589$1,123
36 years$13,976$9,281$5,993$3,783$2,346$988
37 years$13,449$8,815$5,609$3,485$2,126$870
38 years$12,950$8,378$5,253$3,212$1,928$765
39 years$12,478$7,966$4,922$2,962$1,748$674
40 years$12,031$7,579$4,613$2,732$1,585$593
41 years$11,607$7,215$4,325$2,521$1,438$522
42 years$11,204$6,871$4,057$2,326$1,305$460
43 years$10,820$6,547$3,807$2,147$1,185$405
44 years$10,456$6,240$3,574$1,983$1,075$356
45 years$10,108$5,951$3,356$1,831$976$314
46 years$9,777$5,677$3,152$1,691$886$276
47 years$9,460$5,417$2,961$1,563$805$243
48 years$9,158$5,172$2,783$1,444$731$214
49 years$8,869$4,939$2,615$1,335$664$189
50 years$8,592$4,718$2,459$1,233$603$166

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $8,800,000, adding $2,926 every year, while hoping to spend $50,227 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: 47/25/28 Blend
68$8,800,000$8,800,000$8,800,000$8,800,000
69$9,700,618$9,234,218$9,097,818$10,078,529
70$10,636,640$9,633,254$9,349,154$10,744,638
71$11,666,453$10,050,159$9,607,226$11,462,151
72$12,799,570$10,485,755$9,872,207$12,240,074
73$14,046,474$10,940,905$10,144,274$13,084,114
74$15,418,715$11,416,510$10,423,608$14,000,541
75$16,929,018$11,913,514$10,710,393$14,996,250
76$18,591,407$12,432,905$11,004,820$16,078,816
77$20,421,332$12,975,718$11,307,083$17,256,570
78$22,435,817$13,543,038$11,617,380$18,538,671
79$24,653,623$14,135,999$11,935,914$19,935,193
80$27,095,419$14,755,790$12,262,894$21,457,213
81$29,783,983$15,403,655$12,598,532$23,116,918
82$32,744,413$16,080,897$12,943,046$24,927,710
83$36,004,364$16,788,882$13,296,660$26,904,336
84$39,594,311$17,529,039$13,659,599$29,063,022
85$43,547,834$18,302,865$14,032,099$31,421,620
86$47,901,935$19,111,928$14,414,397$33,999,776
87$52,697,390$19,957,870$14,806,736$36,819,110
88$57,979,129$20,842,411$15,209,368$39,903,417
89$63,796,664$21,767,353$15,622,545$43,278,887
90$70,204,553$22,734,582$16,046,529$46,974,348
91$77,262,916$23,746,075$16,481,586$51,021,535
92$85,038,003$24,803,903$16,927,989$55,455,384
93$93,602,818$25,910,233$17,386,016$60,314,355
94$103,037,810$27,067,339$17,855,952$65,640,794
95$113,431,627$28,277,598$18,338,086$71,481,325
96$124,881,958$29,543,506$18,832,717$77,887,285
97$137,496,452$30,867,672$19,340,148$84,915,201
98$151,393,736$32,252,834$19,860,689$92,627,323
99$166,704,531$33,701,856$20,394,656$101,092,201
100$183,572,889$35,217,743$20,942,372$110,385,326