Can I retire at age 69 with 9,200,000?

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 $9,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$759,727$752,960$746,358$739,913$733,621$715,305
2 years$376,103$369,098$362,310$355,728$349,343$331,007
3 years$248,244$241,210$234,438$227,918$221,638$203,853
4 years$184,328$177,315$170,611$164,202$158,074$140,979
5 years$145,988$139,017$132,401$126,123$120,165$103,807
6 years$120,436$113,518$107,000$100,862$95,083$79,477
7 years$102,192$95,332$88,917$82,924$77,328$62,477
8 years$88,516$81,717$75,409$69,563$64,151$50,048
9 years$77,884$71,149$64,950$59,252$54,024$40,657
10 years$69,383$62,715$56,625$51,076$46,031$33,385
11 years$62,433$55,831$49,851$44,451$39,588$27,644
12 years$56,645$50,111$44,242$38,990$34,307$23,043
13 years$51,751$45,286$39,527$34,422$29,916$19,312
14 years$47,560$41,164$35,515$30,556$26,224$16,256
15 years$43,932$37,604$32,066$27,251$23,090$13,733
16 years$40,759$34,501$29,072$24,400$20,407$11,636
17 years$37,963$31,774$26,455$21,923$18,094$9,884
18 years$35,481$29,360$24,150$19,757$16,088$8,413
19 years$33,262$27,211$22,108$17,852$14,340$7,174
20 years$31,268$25,286$20,289$16,169$12,809$6,126
21 years$29,466$23,553$18,662$14,674$11,462$5,238
22 years$27,830$21,986$17,200$13,342$10,274$4,483
23 years$26,338$20,563$15,881$12,151$9,223$3,841
24 years$24,973$19,266$14,688$11,082$8,290$3,293
25 years$23,719$18,080$13,604$10,121$7,460$2,825
26 years$22,563$16,992$12,617$9,254$6,719$2,425
27 years$21,495$15,992$11,716$8,471$6,058$2,083
28 years$20,505$15,069$10,891$7,761$5,466$1,789
29 years$19,585$14,216$10,135$7,117$4,936$1,538
30 years$18,727$13,425$9,441$6,532$4,460$1,322
31 years$17,927$12,691$8,801$5,999$4,032$1,137
32 years$17,178$12,009$8,212$5,513$3,647$978
33 years$16,476$11,372$7,667$5,070$3,301$841
34 years$15,817$10,778$7,164$4,664$2,989$724
35 years$15,196$10,223$6,698$4,294$2,707$623
36 years$14,612$9,703$6,266$3,955$2,453$536
37 years$14,060$9,216$5,864$3,644$2,223$462
38 years$13,539$8,758$5,492$3,358$2,015$397
39 years$13,045$8,328$5,145$3,097$1,827$342
40 years$12,578$7,924$4,823$2,856$1,658$295
41 years$12,134$7,543$4,522$2,635$1,504$254
42 years$11,713$7,183$4,242$2,432$1,365$218
43 years$11,312$6,844$3,980$2,245$1,238$188
44 years$10,931$6,524$3,736$2,073$1,124$162
45 years$10,568$6,221$3,508$1,914$1,020$139
46 years$10,221$5,935$3,295$1,768$927$120
47 years$9,890$5,664$3,096$1,634$841$103
48 years$9,574$5,407$2,909$1,510$764$89
49 years$9,272$5,163$2,734$1,395$694$77
50 years$8,982$4,932$2,571$1,290$630$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $9,200,000, adding $5,369 every year, while hoping to spend $48,200 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: 88/5/7 Blend
68$9,200,000$9,200,000$9,200,000$9,200,000
69$10,143,938$9,656,338$9,513,738$11,031,408
70$11,127,335$10,078,214$9,781,164$12,031,915
71$12,209,424$10,519,147$10,055,933$13,124,438
72$13,400,219$10,980,019$10,338,241$14,323,978
73$14,710,756$11,461,755$10,628,287$15,641,297
74$16,153,195$11,965,323$10,926,276$17,088,255
75$17,740,934$12,491,737$11,232,419$18,677,912
76$19,488,736$13,042,058$11,546,932$20,424,656
77$21,412,868$13,617,400$11,870,035$22,344,338
78$23,531,254$14,218,926$12,201,955$24,454,417
79$25,863,645$14,847,857$12,542,924$26,774,127
80$28,431,805$15,505,470$12,893,180$29,324,658
81$31,259,714$16,193,103$13,252,966$32,129,355
82$34,373,797$16,912,157$13,622,533$35,213,934
83$37,803,173$17,664,102$14,002,136$38,606,729
84$41,579,928$18,450,474$14,392,039$42,338,956
85$45,739,418$19,272,884$14,792,510$46,445,006
86$50,320,603$20,133,020$15,203,824$50,962,771
87$55,366,416$21,032,650$15,626,263$55,933,996
88$60,924,165$21,973,624$16,060,117$61,404,679
89$67,045,981$22,957,883$16,505,683$67,425,497
90$73,789,310$23,987,458$16,963,262$74,052,288
91$81,217,455$25,064,479$17,433,167$81,346,575
92$89,400,173$26,191,175$17,915,715$89,376,145
93$98,414,331$27,369,884$18,411,232$98,215,689
94$108,344,637$28,603,052$18,920,052$107,947,504
95$119,284,433$29,893,245$19,442,517$118,662,271
96$131,336,581$31,243,149$19,978,977$130,459,906
97$144,614,429$32,655,581$20,529,790$143,450,505
98$159,242,886$34,133,489$21,095,323$157,755,380
99$175,359,596$35,679,966$21,675,952$173,508,203
100$193,116,239$37,298,248$22,272,060$190,856,265