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

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 $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%16.3%
1 years$189,932$188,240$186,589$184,978$183,405$178,681
2 years$94,026$92,275$90,577$88,932$87,336$82,608
3 years$62,061$60,302$58,610$56,980$55,409$50,826
4 years$46,082$44,329$42,653$41,051$39,518$35,114
5 years$36,497$34,754$33,100$31,531$30,041$25,828
6 years$30,109$28,379$26,750$25,215$23,771$19,753
7 years$25,548$23,833$22,229$20,731$19,332$15,510
8 years$22,129$20,429$18,852$17,391$16,038$12,410
9 years$19,471$17,787$16,237$14,813$13,506$10,070
10 years$17,346$15,679$14,156$12,769$11,508$8,258
11 years$15,608$13,958$12,463$11,113$9,897$6,829
12 years$14,161$12,528$11,060$9,747$8,577$5,685
13 years$12,938$11,321$9,882$8,606$7,479$4,758
14 years$11,890$10,291$8,879$7,639$6,556$4,000
15 years$10,983$9,401$8,016$6,813$5,772$3,374
16 years$10,190$8,625$7,268$6,100$5,102$2,855
17 years$9,491$7,943$6,614$5,481$4,524$2,422
18 years$8,870$7,340$6,037$4,939$4,022$2,058
19 years$8,316$6,803$5,527$4,463$3,585$1,752
20 years$7,817$6,321$5,072$4,042$3,202$1,494
21 years$7,366$5,888$4,666$3,669$2,866$1,276
22 years$6,957$5,496$4,300$3,336$2,569$1,090
23 years$6,585$5,141$3,970$3,038$2,306$932
24 years$6,243$4,816$3,672$2,771$2,072$798
25 years$5,930$4,520$3,401$2,530$1,865$684
26 years$5,641$4,248$3,154$2,314$1,680$586
27 years$5,374$3,998$2,929$2,118$1,514$502
28 years$5,126$3,767$2,723$1,940$1,367$431
29 years$4,896$3,554$2,534$1,779$1,234$370
30 years$4,682$3,356$2,360$1,633$1,115$317
31 years$4,482$3,173$2,200$1,500$1,008$272
32 years$4,294$3,002$2,053$1,378$912$234
33 years$4,119$2,843$1,917$1,267$825$201
34 years$3,954$2,695$1,791$1,166$747$173
35 years$3,799$2,556$1,674$1,073$677$148
36 years$3,653$2,426$1,566$989$613$127
37 years$3,515$2,304$1,466$911$556$110
38 years$3,385$2,190$1,373$840$504$94
39 years$3,261$2,082$1,286$774$457$81
40 years$3,144$1,981$1,206$714$414$70
41 years$3,034$1,886$1,131$659$376$60
42 years$2,928$1,796$1,060$608$341$51
43 years$2,828$1,711$995$561$310$44
44 years$2,733$1,631$934$518$281$38
45 years$2,642$1,555$877$479$255$33
46 years$2,555$1,484$824$442$232$28
47 years$2,473$1,416$774$408$210$24
48 years$2,393$1,352$727$377$191$21
49 years$2,318$1,291$684$349$173$18
50 years$2,246$1,233$643$322$158$15

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 $5,656 every year, while hoping to spend $29,770 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: 63/12/25 Blend
68$2,300,000$2,300,000$2,300,000$2,300,000
69$2,540,434$2,418,534$2,382,884$2,683,387
70$2,767,883$2,505,367$2,431,036$2,867,612
71$3,017,535$2,595,457$2,479,803$3,064,954
72$3,291,621$2,688,933$2,529,174$3,279,845
73$3,592,603$2,785,927$2,579,138$3,514,007
74$3,923,190$2,886,579$2,629,680$3,769,335
75$4,286,367$2,991,033$2,680,786$4,047,917
76$4,685,423$3,099,440$2,732,439$4,352,049
77$5,123,981$3,211,957$2,784,621$4,684,263
78$5,606,032$3,328,749$2,837,311$5,047,344
79$6,135,974$3,449,984$2,890,487$5,444,362
80$6,718,651$3,575,840$2,944,126$5,878,697
81$7,359,400$3,706,503$2,998,201$6,354,070
82$8,064,102$3,842,165$3,052,684$6,874,581
83$8,839,236$3,983,027$3,107,544$7,444,745
84$9,691,941$4,129,298$3,162,750$8,069,537
85$10,630,081$4,281,196$3,218,264$8,754,436
86$11,662,322$4,438,948$3,274,049$9,505,476
87$12,798,214$4,602,791$3,330,065$10,329,306
88$14,048,276$4,772,972$3,386,266$11,233,250
89$15,424,101$4,949,748$3,442,606$12,225,377
90$16,938,461$5,133,387$3,499,035$13,314,574
91$18,605,430$5,324,170$3,555,500$14,510,635
92$20,440,517$5,522,387$3,611,942$15,824,347
93$22,460,808$5,728,343$3,668,300$17,267,597
94$24,685,133$5,942,354$3,724,511$18,853,480
95$27,134,239$6,164,751$3,780,504$20,596,424
96$29,830,987$6,395,880$3,836,207$22,512,325
97$32,800,569$6,636,099$3,891,541$24,618,698
98$36,070,743$6,885,784$3,946,423$26,934,840
99$39,672,096$7,145,325$4,000,767$29,482,015
100$43,638,336$7,415,132$4,054,478$32,283,649