Can I retire at age 69 with 2,290,000?

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 $2,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$189,106$187,422$185,778$184,174$182,608$177,761
2 years$93,617$91,873$90,184$88,545$86,956$82,107
3 years$61,791$60,040$58,355$56,732$55,169$50,468
4 years$45,882$44,136$42,467$40,872$39,347$34,832
5 years$36,338$34,603$32,956$31,394$29,911$25,594
6 years$29,978$28,256$26,634$25,106$23,667$19,553
7 years$25,437$23,729$22,133$20,641$19,248$15,335
8 years$22,033$20,340$18,770$17,315$15,968$12,256
9 years$19,386$17,710$16,167$14,749$13,447$9,932
10 years$17,270$15,611$14,095$12,713$11,458$8,135
11 years$15,540$13,897$12,409$11,065$9,854$6,719
12 years$14,100$12,473$11,012$9,705$8,539$5,586
13 years$12,882$11,272$9,839$8,568$7,446$4,669
14 years$11,838$10,246$8,840$7,606$6,528$3,919
15 years$10,935$9,360$7,982$6,783$5,747$3,302
16 years$10,146$8,588$7,236$6,073$5,080$2,790
17 years$9,450$7,909$6,585$5,457$4,504$2,363
18 years$8,832$7,308$6,011$4,918$4,005$2,005
19 years$8,279$6,773$5,503$4,444$3,569$1,705
20 years$7,783$6,294$5,050$4,025$3,188$1,451
21 years$7,334$5,863$4,645$3,653$2,853$1,237
22 years$6,927$5,472$4,281$3,321$2,557$1,056
23 years$6,556$5,118$3,953$3,025$2,296$902
24 years$6,216$4,796$3,656$2,759$2,063$770
25 years$5,904$4,500$3,386$2,519$1,857$659
26 years$5,616$4,230$3,140$2,303$1,673$564
27 years$5,350$3,981$2,916$2,108$1,508$483
28 years$5,104$3,751$2,711$1,932$1,361$413
29 years$4,875$3,539$2,523$1,771$1,229$354
30 years$4,661$3,342$2,350$1,626$1,110$303
31 years$4,462$3,159$2,191$1,493$1,004$260
32 years$4,276$2,989$2,044$1,372$908$223
33 years$4,101$2,831$1,908$1,262$822$191
34 years$3,937$2,683$1,783$1,161$744$164
35 years$3,783$2,545$1,667$1,069$674$141
36 years$3,637$2,415$1,560$984$610$121
37 years$3,500$2,294$1,460$907$553$103
38 years$3,370$2,180$1,367$836$502$89
39 years$3,247$2,073$1,281$771$455$76
40 years$3,131$1,972$1,200$711$413$65
41 years$3,020$1,877$1,126$656$374$56
42 years$2,916$1,788$1,056$605$340$48
43 years$2,816$1,704$991$559$308$41
44 years$2,721$1,624$930$516$280$35
45 years$2,630$1,549$873$477$254$30
46 years$2,544$1,477$820$440$231$26
47 years$2,462$1,410$771$407$209$22
48 years$2,383$1,346$724$376$190$19
49 years$2,308$1,285$681$347$173$17
50 years$2,236$1,228$640$321$157$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,290,000, adding $6,901 every year, while hoping to spend $55,059 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: 33/42/25 Blend
68$2,290,000$2,290,000$2,290,000$2,290,000
69$2,530,698$2,409,328$2,373,833$2,594,709
70$2,730,247$2,468,803$2,394,774$2,703,005
71$2,948,305$2,529,347$2,414,572$2,814,209
72$3,186,701$2,590,954$2,433,129$2,932,960
73$3,447,450$2,653,616$2,450,344$3,059,963
74$3,732,770$2,717,323$2,466,111$3,195,991
75$4,045,103$2,782,063$2,480,316$3,341,899
76$4,387,140$2,847,820$2,492,843$3,498,627
77$4,761,841$2,914,577$2,503,567$3,667,212
78$5,172,470$2,982,312$2,512,357$3,848,799
79$5,622,617$3,051,001$2,519,076$4,044,646
80$6,116,241$3,120,616$2,523,582$4,256,145
81$6,657,697$3,191,126$2,525,721$4,484,827
82$7,251,786$3,262,495$2,525,337$4,732,381
83$7,903,795$3,334,684$2,522,263$5,000,669
84$8,619,547$3,407,649$2,516,324$5,291,744
85$9,405,458$3,481,340$2,507,337$5,607,872
86$10,268,592$3,555,703$2,495,111$5,951,547
87$11,216,736$3,630,680$2,479,444$6,325,524
88$12,258,463$3,706,204$2,460,126$6,732,837
89$13,403,222$3,782,203$2,436,936$7,176,834
90$14,661,420$3,858,600$2,409,642$7,661,206
91$16,044,522$3,935,309$2,378,003$8,190,022
92$17,565,162$4,012,238$2,341,764$8,767,769
93$19,237,256$4,089,285$2,300,660$9,399,396
94$21,076,137$4,166,341$2,254,414$10,090,360
95$23,098,700$4,243,289$2,202,734$10,846,678
96$25,323,558$4,320,000$2,145,315$11,674,982
97$27,771,217$4,396,337$2,081,840$12,582,589
98$30,464,275$4,472,151$2,011,976$13,577,564
99$33,427,627$4,547,283$1,935,373$14,668,801
100$36,688,705$4,621,559$1,851,668$15,866,107