Can I retire at age 69 with 2,300,000?

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$189,932$188,240$186,589$184,978$183,405$181,113
2 years$94,026$92,275$90,577$88,932$87,336$85,030
3 years$62,061$60,302$58,610$56,980$55,409$53,161
4 years$46,082$44,329$42,653$41,051$39,518$37,345
5 years$36,497$34,754$33,100$31,531$30,041$27,948
6 years$30,109$28,379$26,750$25,215$23,771$21,761
7 years$25,548$23,833$22,229$20,731$19,332$17,407
8 years$22,129$20,429$18,852$17,391$16,038$14,197
9 years$19,471$17,787$16,237$14,813$13,506$11,749
10 years$17,346$15,679$14,156$12,769$11,508$9,833
11 years$15,608$13,958$12,463$11,113$9,897$8,303
12 years$14,161$12,528$11,060$9,747$8,577$7,061
13 years$12,938$11,321$9,882$8,606$7,479$6,040
14 years$11,890$10,291$8,879$7,639$6,556$5,192
15 years$10,983$9,401$8,016$6,813$5,772$4,481
16 years$10,190$8,625$7,268$6,100$5,102$3,881
17 years$9,491$7,943$6,614$5,481$4,524$3,370
18 years$8,870$7,340$6,037$4,939$4,022$2,934
19 years$8,316$6,803$5,527$4,463$3,585$2,560
20 years$7,817$6,321$5,072$4,042$3,202$2,237
21 years$7,366$5,888$4,666$3,669$2,866$1,959
22 years$6,957$5,496$4,300$3,336$2,569$1,717
23 years$6,585$5,141$3,970$3,038$2,306$1,507
24 years$6,243$4,816$3,672$2,771$2,072$1,324
25 years$5,930$4,520$3,401$2,530$1,865$1,164
26 years$5,641$4,248$3,154$2,314$1,680$1,024
27 years$5,374$3,998$2,929$2,118$1,514$902
28 years$5,126$3,767$2,723$1,940$1,367$795
29 years$4,896$3,554$2,534$1,779$1,234$700
30 years$4,682$3,356$2,360$1,633$1,115$618
31 years$4,482$3,173$2,200$1,500$1,008$545
32 years$4,294$3,002$2,053$1,378$912$481
33 years$4,119$2,843$1,917$1,267$825$425
34 years$3,954$2,695$1,791$1,166$747$375
35 years$3,799$2,556$1,674$1,073$677$331
36 years$3,653$2,426$1,566$989$613$293
37 years$3,515$2,304$1,466$911$556$259
38 years$3,385$2,190$1,373$840$504$229
39 years$3,261$2,082$1,286$774$457$202
40 years$3,144$1,981$1,206$714$414$179
41 years$3,034$1,886$1,131$659$376$158
42 years$2,928$1,796$1,060$608$341$140
43 years$2,828$1,711$995$561$310$124
44 years$2,733$1,631$934$518$281$109
45 years$2,642$1,555$877$479$255$97
46 years$2,555$1,484$824$442$232$85
47 years$2,473$1,416$774$408$210$76
48 years$2,393$1,352$727$377$191$67
49 years$2,318$1,291$684$349$173$59
50 years$2,246$1,233$643$322$158$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,300,000, adding $2,617 every year, while hoping to spend $27,400 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: 44/49/7 Blend
68$2,300,000$2,300,000$2,300,000$2,300,000
69$2,537,299$2,415,399$2,379,749$2,643,796
70$2,766,951$2,504,601$2,430,318$2,806,927
71$3,019,108$2,597,254$2,481,662$2,980,598
72$3,296,038$2,693,501$2,533,778$3,168,185
73$3,600,238$2,793,486$2,586,664$3,370,975
74$3,934,458$2,897,363$2,640,313$3,590,378
75$4,301,729$3,005,290$2,694,720$3,827,946
76$4,705,389$3,117,434$2,749,877$4,085,383
77$5,149,117$3,233,966$2,805,776$4,364,559
78$5,636,964$3,355,067$2,862,406$4,667,531
79$6,173,394$3,480,925$2,919,757$4,996,561
80$6,763,326$3,611,737$2,977,815$5,354,132
81$7,412,179$3,747,705$3,036,565$5,742,977
82$8,125,924$3,889,045$3,095,992$6,166,098
83$8,911,138$4,035,978$3,156,077$6,626,800
84$9,775,069$4,188,736$3,216,801$7,128,713
85$10,725,703$4,347,562$3,278,142$7,675,833
86$11,771,840$4,512,707$3,340,075$8,272,556
87$12,923,175$4,684,437$3,402,574$8,923,714
88$14,190,390$4,863,025$3,465,612$9,634,629
89$15,585,256$5,048,760$3,529,156$10,411,152
90$17,120,743$5,241,940$3,593,173$11,259,725
91$18,811,142$5,442,878$3,657,628$12,187,434
92$20,672,200$5,651,901$3,722,480$13,202,081
93$22,721,269$5,869,349$3,787,688$14,312,251
94$24,977,469$6,095,578$3,853,206$15,527,395
95$27,461,869$6,330,959$3,918,986$16,857,915
96$30,197,683$6,575,879$3,984,976$18,315,265
97$33,210,494$6,830,744$4,051,119$19,912,051
98$36,528,489$7,095,976$4,117,357$21,662,155
99$40,182,732$7,372,015$4,183,625$23,580,862
100$44,207,450$7,659,323$4,249,856$25,684,999