Can I retire at age 69 with 2,280,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$188,280$186,603$184,967$183,370$181,810$179,539
2 years$93,208$91,472$89,790$88,159$86,576$84,290
3 years$61,521$59,778$58,100$56,484$54,928$52,698
4 years$45,681$43,943$42,282$40,694$39,175$37,020
5 years$36,180$34,452$32,812$31,257$29,780$27,705
6 years$29,847$28,133$26,517$24,996$23,564$21,572
7 years$25,326$23,626$22,036$20,551$19,164$17,256
8 years$21,936$20,252$18,688$17,239$15,898$14,073
9 years$19,302$17,633$16,096$14,684$13,389$11,646
10 years$17,195$15,542$14,033$12,658$11,408$9,747
11 years$15,472$13,836$12,354$11,016$9,811$8,230
12 years$14,038$12,419$10,964$9,663$8,502$7,000
13 years$12,825$11,223$9,796$8,531$7,414$5,988
14 years$11,787$10,201$8,802$7,573$6,499$5,147
15 years$10,887$9,319$7,947$6,753$5,722$4,442
16 years$10,101$8,550$7,205$6,047$5,057$3,847
17 years$9,408$7,874$6,556$5,433$4,484$3,341
18 years$8,793$7,276$5,985$4,896$3,987$2,909
19 years$8,243$6,744$5,479$4,424$3,554$2,538
20 years$7,749$6,266$5,028$4,007$3,174$2,218
21 years$7,302$5,837$4,625$3,637$2,841$1,942
22 years$6,897$5,449$4,263$3,307$2,546$1,702
23 years$6,527$5,096$3,936$3,011$2,286$1,494
24 years$6,189$4,775$3,640$2,747$2,054$1,312
25 years$5,878$4,481$3,371$2,508$1,849$1,154
26 years$5,592$4,211$3,127$2,293$1,665$1,015
27 years$5,327$3,963$2,903$2,099$1,501$894
28 years$5,082$3,734$2,699$1,923$1,355$788
29 years$4,854$3,523$2,512$1,764$1,223$694
30 years$4,641$3,327$2,340$1,619$1,105$612
31 years$4,443$3,145$2,181$1,487$999$540
32 years$4,257$2,976$2,035$1,366$904$477
33 years$4,083$2,818$1,900$1,256$818$421
34 years$3,920$2,671$1,775$1,156$741$372
35 years$3,766$2,534$1,660$1,064$671$328
36 years$3,621$2,405$1,553$980$608$290
37 years$3,484$2,284$1,453$903$551$256
38 years$3,355$2,171$1,361$832$499$227
39 years$3,233$2,064$1,275$767$453$200
40 years$3,117$1,964$1,195$708$411$177
41 years$3,007$1,869$1,121$653$373$157
42 years$2,903$1,780$1,051$603$338$138
43 years$2,803$1,696$986$556$307$122
44 years$2,709$1,617$926$514$279$108
45 years$2,619$1,542$869$474$253$96
46 years$2,533$1,471$817$438$230$85
47 years$2,451$1,404$767$405$209$75
48 years$2,373$1,340$721$374$189$66
49 years$2,298$1,280$678$346$172$59
50 years$2,226$1,222$637$320$156$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,280,000, adding $5,767 every year, while hoping to spend $51,746 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: 38/33/29 Blend
68$2,280,000$2,280,000$2,280,000$2,280,000
69$2,518,509$2,397,669$2,362,329$2,592,292
70$2,720,339$2,460,097$2,386,409$2,709,583
71$2,941,022$2,523,850$2,409,562$2,831,117
72$3,182,426$2,588,938$2,431,702$2,961,490
73$3,446,607$2,655,370$2,452,738$3,101,540
74$3,735,832$2,723,154$2,472,576$3,252,189
75$4,052,594$2,792,296$2,491,114$3,414,454
76$4,399,641$2,862,801$2,508,249$3,589,456
77$4,779,997$2,934,671$2,523,868$3,778,430
78$5,196,996$3,007,908$2,537,856$3,982,736
79$5,654,305$3,082,511$2,550,090$4,203,875
80$6,155,967$3,158,477$2,560,441$4,443,499
81$6,706,433$3,235,801$2,568,774$4,703,429
82$7,310,608$3,314,473$2,574,946$4,985,675
83$7,973,892$3,394,485$2,578,809$5,292,450
84$8,702,236$3,475,821$2,580,206$5,626,194
85$9,502,193$3,558,466$2,578,972$5,989,597
86$10,380,985$3,642,399$2,574,935$6,385,623
87$11,346,565$3,727,595$2,567,915$6,817,542
88$12,407,695$3,814,029$2,557,721$7,288,956
89$13,574,030$3,901,666$2,544,155$7,803,838
90$14,856,205$3,990,471$2,527,007$8,366,566
91$16,265,936$4,080,403$2,506,061$8,981,967
92$17,816,134$4,171,415$2,481,086$9,655,363
93$19,521,021$4,263,455$2,451,844$10,392,621
94$21,396,267$4,356,466$2,418,082$11,200,206
95$23,459,137$4,450,384$2,379,539$12,085,249
96$25,728,654$4,545,138$2,335,939$13,055,609
97$28,225,777$4,640,651$2,286,993$14,119,950
98$30,973,601$4,736,837$2,232,402$15,287,822
99$33,997,569$4,833,603$2,171,848$16,569,755
100$37,325,719$4,930,847$2,105,003$17,977,355