Can I retire at age 69 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$784,501$777,513$770,696$764,041$757,543$728,927
2 years$388,367$381,134$374,124$367,327$360,735$332,236
3 years$256,339$249,075$242,083$235,350$228,865$201,381
4 years$190,339$183,097$176,174$169,557$163,228$136,969
5 years$150,748$143,550$136,719$130,236$124,084$99,116
6 years$124,364$117,219$110,489$104,151$98,183$74,525
7 years$105,525$98,441$91,817$85,628$79,849$57,493
8 years$91,402$84,382$77,868$71,831$66,243$45,168
9 years$80,423$73,470$67,068$61,184$55,786$35,963
10 years$71,646$64,760$58,471$52,741$47,532$28,924
11 years$64,469$57,652$51,477$45,901$40,879$23,446
12 years$58,492$51,745$45,685$40,261$35,425$19,121
13 years$53,439$46,763$40,816$35,545$30,891$15,670
14 years$49,111$42,506$36,673$31,552$27,079$12,892
15 years$45,364$38,830$33,111$28,139$23,843$10,640
16 years$42,089$35,626$30,020$25,196$21,072$8,803
17 years$39,201$32,810$27,317$22,638$18,684$7,299
18 years$36,638$30,318$24,937$20,401$16,613$6,062
19 years$34,347$28,098$22,829$18,434$14,808$5,042
20 years$32,287$26,110$20,951$16,696$13,226$4,199
21 years$30,427$24,321$19,271$15,153$11,836$3,500
22 years$28,737$22,702$17,761$13,777$10,609$2,919
23 years$27,197$21,233$16,399$12,547$9,524$2,437
24 years$25,787$19,894$15,167$11,444$8,560$2,035
25 years$24,492$18,670$14,047$10,451$7,703$1,700
26 years$23,299$17,546$13,028$9,556$6,938$1,421
27 years$22,196$16,513$12,098$8,747$6,256$1,189
28 years$21,173$15,560$11,246$8,014$5,644$994
29 years$20,223$14,679$10,466$7,349$5,097$832
30 years$19,338$13,863$9,748$6,745$4,605$696
31 years$18,511$13,105$9,088$6,194$4,164$582
32 years$17,738$12,400$8,479$5,693$3,766$487
33 years$17,013$11,743$7,917$5,235$3,408$408
34 years$16,332$11,130$7,397$4,817$3,086$341
35 years$15,692$10,557$6,916$4,434$2,795$286
36 years$15,088$10,020$6,470$4,084$2,533$239
37 years$14,519$9,516$6,056$3,762$2,295$200
38 years$13,980$9,044$5,671$3,468$2,081$168
39 years$13,471$8,600$5,313$3,198$1,887$141
40 years$12,988$8,182$4,980$2,949$1,712$118
41 years$12,530$7,789$4,670$2,721$1,553$99
42 years$12,095$7,418$4,380$2,511$1,409$83
43 years$11,681$7,068$4,110$2,318$1,279$69
44 years$11,287$6,737$3,858$2,140$1,161$58
45 years$10,912$6,424$3,623$1,977$1,054$48
46 years$10,554$6,128$3,403$1,826$957$41
47 years$10,213$5,848$3,197$1,687$869$34
48 years$9,886$5,583$3,004$1,559$789$28
49 years$9,574$5,332$2,823$1,441$717$24
50 years$9,275$5,093$2,654$1,332$651$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $9,500,000, adding $2,887 every year, while hoping to spend $47,724 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: 72/13/15 Blend
68$9,500,000$9,500,000$9,500,000$9,500,000
69$10,471,978$9,968,478$9,821,228$11,190,571
70$11,489,342$10,406,155$10,099,461$12,105,167
71$12,608,877$10,863,680$10,385,416$13,100,310
72$13,840,955$11,341,972$10,679,300$14,188,814
73$15,197,003$11,842,000$10,981,327$15,379,912
74$16,689,613$12,364,773$11,291,717$16,683,766
75$18,332,658$12,911,352$11,610,694$18,111,563
76$20,141,426$13,482,845$11,938,489$19,675,622
77$22,132,762$14,080,414$12,275,338$21,389,501
78$24,325,226$14,705,277$12,621,485$23,268,132
79$26,739,272$15,358,708$12,977,177$25,327,957
80$29,397,436$16,042,044$13,342,671$27,587,077
81$32,324,552$16,756,681$13,718,228$30,065,428
82$35,547,983$17,504,086$14,104,116$32,784,965
83$39,097,884$18,285,793$14,500,610$35,769,863
84$43,007,481$19,103,409$14,907,994$39,046,750
85$47,313,388$19,958,620$15,326,555$42,644,950
86$52,055,950$20,853,189$15,756,592$46,596,764
87$57,279,627$21,788,965$16,198,407$50,937,765
88$63,033,408$22,767,884$16,652,313$55,707,137
89$69,371,280$23,791,974$17,118,630$60,948,041
90$76,352,732$24,863,362$17,597,685$66,708,019
91$84,043,317$25,984,273$18,089,814$73,039,441
92$92,515,274$27,157,042$18,595,362$79,999,994
93$101,848,206$28,384,111$19,114,680$87,653,227
94$112,129,834$29,668,042$19,648,132$96,069,146
95$123,456,820$31,011,519$20,196,088$105,324,872
96$135,935,685$32,417,354$20,758,927$115,505,365
97$149,683,812$33,888,492$21,337,038$126,704,224
98$164,830,553$35,428,020$21,930,821$139,024,565
99$181,518,450$37,039,173$22,540,684$152,579,990
100$199,904,581$38,725,341$23,167,045$167,495,659