Can I retire at age 69 with 9,000,000?

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 $9,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$743,212$736,591$730,133$723,828$717,673$709,882
2 years$367,927$361,074$354,433$347,994$341,749$333,905
3 years$242,848$235,966$229,342$222,963$216,820$209,166
4 years$180,321$173,460$166,902$160,633$154,638$147,233
5 years$142,814$135,995$129,523$123,381$117,553$110,419
6 years$117,818$111,050$104,674$98,669$93,016$86,161
7 years$99,971$93,260$86,984$81,121$75,647$69,074
8 years$86,591$79,941$73,770$68,051$62,756$56,465
9 years$76,191$69,603$63,538$57,964$52,850$46,838
10 years$67,875$61,351$55,394$49,966$45,031$39,294
11 years$61,076$54,618$48,768$43,485$38,728$33,262
12 years$55,414$49,022$43,280$38,142$33,561$28,360
13 years$50,626$44,301$38,668$33,674$29,266$24,323
14 years$46,527$40,269$34,743$29,892$25,654$20,964
15 years$42,977$36,786$31,369$26,658$22,588$18,142
16 years$39,873$33,751$28,440$23,870$19,963$15,754
17 years$37,138$31,083$25,879$21,447$17,701$13,721
18 years$34,710$28,722$23,625$19,328$15,739$11,980
19 years$32,539$26,619$21,627$17,464$14,028$10,482
20 years$30,588$24,736$19,848$15,817$12,530$9,189
21 years$28,825$23,041$18,257$14,355$11,213$8,068
22 years$27,225$21,508$16,826$13,052$10,051$7,093
23 years$25,766$20,116$15,536$11,887$9,022$6,244
24 years$24,430$18,847$14,368$10,841$8,110$5,503
25 years$23,203$17,687$13,308$9,901$7,297$4,853
26 years$22,073$16,623$12,342$9,053$6,573$4,284
27 years$21,028$15,644$11,461$8,286$5,926$3,785
28 years$20,059$14,741$10,654$7,592$5,347$3,345
29 years$19,159$13,907$9,915$6,962$4,829$2,959
30 years$18,320$13,133$9,235$6,390$4,363$2,618
31 years$17,537$12,416$8,610$5,868$3,944$2,317
32 years$16,804$11,748$8,033$5,393$3,568$2,052
33 years$16,118$11,125$7,501$4,959$3,229$1,818
34 years$15,473$10,544$7,008$4,563$2,924$1,611
35 years$14,866$10,001$6,552$4,201$2,648$1,428
36 years$14,294$9,492$6,129$3,869$2,399$1,266
37 years$13,754$9,016$5,737$3,564$2,175$1,122
38 years$13,244$8,568$5,372$3,285$1,971$995
39 years$12,762$8,147$5,033$3,029$1,788$883
40 years$12,304$7,752$4,718$2,794$1,622$783
41 years$11,870$7,379$4,424$2,578$1,471$695
42 years$11,458$7,027$4,150$2,379$1,335$616
43 years$11,066$6,696$3,894$2,196$1,211$547
44 years$10,693$6,382$3,655$2,028$1,100$486
45 years$10,338$6,086$3,432$1,873$998$431
46 years$9,999$5,806$3,223$1,730$906$383
47 years$9,675$5,541$3,028$1,598$823$340
48 years$9,366$5,289$2,846$1,477$747$301
49 years$9,070$5,051$2,675$1,365$679$268
50 years$8,787$4,825$2,515$1,262$617$238

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $9,000,000, adding $2,465 every year, while hoping to spend $54,637 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: 41/35/24 Blend
68$9,000,000$9,000,000$9,000,000$9,000,000
69$9,920,543$9,443,543$9,304,043$10,257,101
70$10,874,305$9,848,143$9,557,595$10,903,535
71$11,923,519$10,270,737$9,817,810$11,597,413
72$13,077,865$10,712,150$10,084,853$12,347,398
73$14,348,005$11,173,244$10,358,894$13,158,667
74$15,745,690$11,654,921$10,640,105$14,036,904
75$17,283,866$12,158,127$10,928,664$14,988,347
76$18,976,797$12,683,853$11,224,751$16,019,852
77$20,840,202$13,233,133$11,528,551$17,138,947
78$22,891,398$13,807,052$11,840,254$18,353,900
79$25,149,470$14,406,747$12,160,052$19,673,800
80$27,635,445$15,033,406$12,488,142$21,108,632
81$30,372,491$15,688,274$12,824,726$22,669,373
82$33,386,141$16,372,655$13,170,010$24,368,088
83$36,704,526$17,087,914$13,524,204$26,218,040
84$40,358,646$17,835,480$13,887,523$28,233,815
85$44,382,659$18,616,850$14,260,187$30,431,449
86$48,814,206$19,433,591$14,642,418$32,828,581
87$53,694,763$20,287,345$15,034,447$35,444,611
88$59,070,034$21,179,830$15,436,506$38,300,876
89$64,990,382$22,112,847$15,848,834$41,420,853
90$71,511,305$23,088,280$16,271,674$44,830,369
91$78,693,957$24,108,105$16,705,274$48,557,842
92$86,605,727$25,174,389$17,149,887$52,634,542
93$95,320,875$26,289,297$17,605,772$57,094,879
94$104,921,231$27,455,100$18,073,192$61,976,725
95$115,496,968$28,674,171$18,552,416$67,321,762
96$127,147,455$29,949,001$19,043,717$73,175,868
97$139,982,190$31,282,197$19,547,376$79,589,542
98$154,121,837$32,676,488$20,063,677$86,618,379
99$169,699,364$34,134,736$20,592,910$94,323,576
100$186,861,297$35,659,936$21,135,371$102,772,512