Can I retire at age 69 with 8,900,000?

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 $8,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$734,954$728,407$722,020$715,786$709,698$694,518
2 years$363,838$357,062$350,495$344,128$337,952$322,731
3 years$240,150$233,344$226,794$220,486$214,410$199,625
4 years$178,317$171,533$165,048$158,848$152,919$138,684
5 years$141,228$134,484$128,084$122,010$116,247$102,601
6 years$116,509$109,816$103,511$97,573$91,982$78,940
7 years$98,860$92,223$86,018$80,220$74,806$62,371
8 years$85,629$79,052$72,950$67,294$62,059$50,226
9 years$75,344$68,829$62,832$57,320$52,263$41,023
10 years$67,121$60,670$54,778$49,410$44,530$33,874
11 years$60,397$54,011$48,226$43,002$38,298$28,210
12 years$54,798$48,477$42,799$37,718$33,188$23,654
13 years$50,064$43,809$38,238$33,300$28,940$19,943
14 years$46,010$39,821$34,357$29,560$25,369$16,891
15 years$42,499$36,377$31,020$26,362$22,337$14,359
16 years$39,430$33,376$28,124$23,604$19,741$12,245
17 years$36,726$30,738$25,592$21,208$17,504$10,469
18 years$34,324$28,403$23,362$19,113$15,564$8,970
19 years$32,178$26,324$21,387$17,270$13,872$7,700
20 years$30,248$24,461$19,628$15,642$12,391$6,621
21 years$28,505$22,785$18,054$14,196$11,089$5,700
22 years$26,922$21,269$16,639$12,907$9,939$4,913
23 years$25,479$19,892$15,363$11,755$8,922$4,239
24 years$24,159$18,638$14,209$10,721$8,019$3,660
25 years$22,946$17,490$13,160$9,791$7,216$3,163
26 years$21,828$16,438$12,205$8,952$6,500$2,734
27 years$20,794$15,470$11,334$8,194$5,860$2,366
28 years$19,836$14,578$10,536$7,508$5,288$2,047
29 years$18,946$13,752$9,805$6,885$4,775$1,773
30 years$18,117$12,988$9,133$6,319$4,314$1,535
31 years$17,342$12,278$8,514$5,803$3,901$1,330
32 years$16,618$11,617$7,944$5,333$3,528$1,153
33 years$15,939$11,002$7,417$4,904$3,193$999
34 years$15,301$10,427$6,930$4,512$2,891$866
35 years$14,701$9,890$6,479$4,154$2,619$751
36 years$14,135$9,387$6,061$3,826$2,373$651
37 years$13,602$8,915$5,673$3,525$2,150$565
38 years$13,097$8,473$5,313$3,249$1,949$490
39 years$12,620$8,057$4,977$2,996$1,768$425
40 years$12,168$7,665$4,665$2,763$1,604$369
41 years$11,739$7,297$4,375$2,549$1,455$320
42 years$11,331$6,949$4,104$2,353$1,320$278
43 years$10,943$6,621$3,851$2,172$1,198$241
44 years$10,574$6,311$3,614$2,005$1,087$209
45 years$10,223$6,018$3,394$1,852$987$182
46 years$9,888$5,741$3,188$1,711$896$158
47 years$9,568$5,479$2,995$1,580$814$137
48 years$9,262$5,230$2,814$1,460$739$119
49 years$8,969$4,995$2,645$1,350$671$103
50 years$8,690$4,771$2,487$1,248$610$89

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $8,900,000, adding $4,956 every year, while hoping to spend $39,017 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: 67/7/26 Blend
68$8,900,000$8,900,000$8,900,000$8,900,000
69$9,812,912$9,341,212$9,203,262$10,403,788
70$10,772,315$9,757,418$9,470,058$11,218,159
71$11,828,270$10,192,710$9,744,483$12,103,622
72$12,990,583$10,647,982$10,026,753$13,071,192
73$14,270,061$11,124,172$10,317,087$14,128,976
74$15,678,610$11,622,259$10,615,713$15,285,898
75$17,229,351$12,143,272$10,922,862$16,551,783
76$18,936,741$12,688,288$11,238,774$17,937,449
77$20,816,709$13,258,435$11,563,693$19,454,807
78$22,886,809$13,854,894$11,897,872$21,116,971
79$25,166,383$14,478,904$12,241,571$22,938,383
80$27,676,746$15,131,761$12,595,055$24,934,947
81$30,441,381$15,814,825$12,958,597$27,124,176
82$33,486,171$16,529,520$13,332,479$29,525,360
83$36,839,632$17,277,338$13,716,988$32,159,741
84$40,533,188$18,059,842$14,112,421$35,050,715
85$44,601,469$18,878,670$14,519,083$38,224,052
86$49,082,632$19,735,538$14,937,285$41,708,137
87$54,018,726$20,632,245$15,367,350$45,534,233
88$59,456,086$21,570,674$15,809,606$49,736,779
89$65,445,771$22,552,802$16,264,392$54,353,710
90$72,044,047$23,580,696$16,732,056$59,426,816
91$79,312,915$24,656,526$17,212,956$65,002,128
92$87,320,700$25,782,563$17,707,457$71,130,360
93$96,142,692$26,961,189$18,215,937$77,867,378
94$105,861,858$28,194,899$18,738,783$85,274,727
95$116,569,626$29,486,308$19,276,391$93,420,211
96$128,366,748$30,838,156$19,829,169$102,378,529
97$141,364,246$32,253,317$20,397,537$112,231,980
98$155,684,469$33,734,799$20,981,924$123,071,232
99$171,462,238$35,285,757$21,582,771$134,996,181
100$188,846,124$36,909,497$22,200,533$148,116,889