Can I retire at age 69 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$767,985$761,144$754,470$747,956$741,595$727,217
2 years$380,191$373,110$366,248$359,594$353,141$338,713
3 years$250,943$243,832$236,987$230,396$224,047$210,020
4 years$186,331$179,242$172,466$165,987$159,792$146,274
5 years$147,575$140,528$133,840$127,494$121,471$108,500
6 years$121,745$114,752$108,163$101,958$96,116$83,706
7 years$103,303$96,368$89,884$83,825$78,168$66,323
8 years$89,478$82,605$76,229$70,319$64,848$53,564
9 years$78,730$71,923$65,656$59,896$54,611$43,881
10 years$70,137$63,396$57,240$51,631$46,532$36,345
11 years$63,111$56,438$50,393$44,934$40,019$30,364
12 years$57,261$50,656$44,723$39,414$34,679$25,543
13 years$52,314$45,778$39,957$34,796$30,241$21,608
14 years$48,077$41,611$35,901$30,888$26,509$18,363
15 years$44,409$38,012$32,414$27,547$23,341$15,664
16 years$41,203$34,876$29,388$24,665$20,629$13,405
17 years$38,376$32,119$26,742$22,162$18,291$11,502
18 years$35,867$29,680$24,412$19,972$16,263$9,892
19 years$33,624$27,507$22,348$18,046$14,496$8,523
20 years$31,608$25,561$20,510$16,344$12,948$7,355
21 years$29,786$23,809$18,865$14,834$11,587$6,357
22 years$28,132$22,225$17,387$13,487$10,386$5,500
23 years$26,625$20,786$16,054$12,283$9,323$4,764
24 years$25,245$19,475$14,847$11,203$8,380$4,130
25 years$23,977$18,277$13,752$10,231$7,541$3,583
26 years$22,809$17,177$12,754$9,355$6,792$3,110
27 years$21,729$16,166$11,843$8,563$6,124$2,702
28 years$20,728$15,233$11,010$7,845$5,526$2,348
29 years$19,797$14,370$10,245$7,194$4,990$2,041
30 years$18,931$13,571$9,543$6,603$4,508$1,775
31 years$18,122$12,829$8,897$6,064$4,076$1,544
32 years$17,365$12,139$8,301$5,573$3,687$1,344
33 years$16,655$11,496$7,751$5,125$3,337$1,170
34 years$15,988$10,896$7,242$4,715$3,021$1,018
35 years$15,361$10,334$6,771$4,341$2,736$887
36 years$14,771$9,809$6,334$3,998$2,479$772
37 years$14,213$9,316$5,928$3,683$2,247$673
38 years$13,686$8,854$5,551$3,395$2,037$586
39 years$13,187$8,419$5,201$3,130$1,847$511
40 years$12,715$8,010$4,875$2,887$1,676$445
41 years$12,266$7,625$4,571$2,664$1,520$388
42 years$11,840$7,261$4,288$2,458$1,379$338
43 years$11,435$6,919$4,024$2,269$1,252$294
44 years$11,050$6,595$3,777$2,095$1,136$257
45 years$10,682$6,289$3,546$1,935$1,032$224
46 years$10,332$5,999$3,331$1,788$937$195
47 years$9,998$5,725$3,129$1,651$850$170
48 years$9,678$5,466$2,941$1,526$772$148
49 years$9,372$5,219$2,764$1,410$701$129
50 years$9,080$4,986$2,599$1,304$637$113

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $9,300,000, adding $5,155 every year, while hoping to spend $50,277 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: 36/38/26 Blend
68$9,300,000$9,300,000$9,300,000$9,300,000
69$10,253,917$9,761,017$9,616,867$10,542,679
70$11,246,323$10,185,813$9,885,538$11,181,679
71$12,338,268$10,629,738$10,161,524$11,866,101
72$13,539,854$11,093,678$10,445,018$12,604,019
73$14,862,209$11,578,558$10,736,215$13,400,269
74$16,317,594$12,085,347$11,035,319$14,260,156
75$17,919,521$12,615,062$11,342,534$15,189,502
76$19,682,877$13,168,765$11,658,074$16,194,692
77$21,624,066$13,747,569$11,982,155$17,282,737
78$23,761,162$14,352,641$12,314,998$18,461,332
79$26,114,082$14,985,203$12,656,833$19,738,927
80$28,704,773$15,646,532$13,007,891$21,124,800
81$31,557,416$16,337,968$13,368,411$22,629,144
82$34,698,659$17,060,915$13,738,640$24,263,155
83$38,157,863$17,816,841$14,118,825$26,039,134
84$41,967,385$18,607,286$14,509,226$27,970,601
85$46,162,876$19,433,861$14,910,103$30,072,412
86$50,783,625$20,298,256$15,321,726$32,360,899
87$55,872,922$21,202,238$15,744,372$34,854,017
88$61,478,472$22,147,660$16,178,321$37,571,504
89$67,652,844$23,136,462$16,623,862$40,535,067
90$74,453,964$24,170,679$17,081,291$43,768,577
91$81,945,665$25,252,439$17,550,911$47,298,288
92$90,198,287$26,383,973$18,033,031$51,153,078
93$99,289,343$27,567,619$18,527,968$55,364,715
94$109,304,248$28,805,824$19,036,047$59,968,148
95$120,337,126$30,101,154$19,557,600$65,001,829
96$132,491,699$31,456,296$20,092,965$70,508,071
97$145,882,264$32,874,067$20,642,491$76,533,432
98$160,634,774$34,357,415$21,206,534$83,129,153
99$176,888,024$35,909,431$21,785,455$90,351,627
100$194,794,964$37,533,354$22,379,629$98,262,921