Can I retire at age 69 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$190,758$189,058$187,401$185,783$184,203$179,823
2 years$94,434$92,676$90,971$89,319$87,716$83,328
3 years$62,331$60,565$58,864$57,227$55,650$51,393
4 years$46,282$44,521$42,838$41,229$39,690$35,596
5 years$36,656$34,905$33,244$31,668$30,172$26,252
6 years$30,240$28,503$26,866$25,325$23,874$20,132
7 years$25,659$23,937$22,326$20,821$19,416$15,852
8 years$22,225$20,518$18,934$17,466$16,107$12,721
9 years$19,556$17,865$16,308$14,877$13,565$10,353
10 years$17,421$15,747$14,218$12,824$11,558$8,517
11 years$15,676$14,019$12,517$11,161$9,940$7,066
12 years$14,223$12,582$11,109$9,790$8,614$5,901
13 years$12,994$11,371$9,925$8,643$7,512$4,956
14 years$11,942$10,336$8,917$7,672$6,585$4,180
15 years$11,031$9,442$8,051$6,842$5,798$3,539
16 years$10,234$8,663$7,300$6,127$5,124$3,005
17 years$9,532$7,978$6,642$5,505$4,543$2,558
18 years$8,909$7,372$6,064$4,961$4,040$2,182
19 years$8,352$6,832$5,551$4,482$3,601$1,865
20 years$7,851$6,349$5,094$4,060$3,216$1,596
21 years$7,398$5,914$4,686$3,684$2,878$1,368
22 years$6,988$5,520$4,319$3,350$2,580$1,174
23 years$6,613$5,163$3,988$3,051$2,316$1,008
24 years$6,270$4,837$3,688$2,783$2,081$866
25 years$5,956$4,540$3,416$2,541$1,873$745
26 years$5,665$4,267$3,168$2,324$1,687$641
27 years$5,397$4,015$2,942$2,127$1,521$552
28 years$5,148$3,784$2,735$1,949$1,372$475
29 years$4,917$3,569$2,545$1,787$1,239$409
30 years$4,702$3,371$2,370$1,640$1,120$353
31 years$4,501$3,187$2,210$1,506$1,012$304
32 years$4,313$3,015$2,062$1,384$916$262
33 years$4,137$2,855$1,925$1,273$829$226
34 years$3,971$2,706$1,799$1,171$750$195
35 years$3,816$2,567$1,682$1,078$680$168
36 years$3,669$2,436$1,573$993$616$145
37 years$3,530$2,314$1,472$915$558$125
38 years$3,399$2,199$1,379$843$506$108
39 years$3,276$2,091$1,292$778$459$93
40 years$3,158$1,990$1,211$717$416$81
41 years$3,047$1,894$1,135$662$378$70
42 years$2,941$1,804$1,065$611$343$60
43 years$2,840$1,719$999$564$311$52
44 years$2,745$1,638$938$520$282$45
45 years$2,653$1,562$881$481$256$39
46 years$2,566$1,490$827$444$233$33
47 years$2,483$1,422$777$410$211$29
48 years$2,404$1,358$730$379$192$25
49 years$2,328$1,296$687$350$174$21
50 years$2,255$1,238$645$324$158$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,310,000, adding $6,947 every year, while hoping to spend $40,366 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: 53/39/8 Blend
68$2,310,000$2,310,000$2,310,000$2,310,000
69$2,552,786$2,430,356$2,394,551$2,682,701
70$2,770,221$2,506,494$2,431,819$2,847,728
71$3,008,481$2,585,010$2,468,983$3,022,183
72$3,269,649$2,665,978$2,505,997$3,211,012
73$3,556,016$2,749,474$2,542,810$3,415,579
74$3,870,108$2,835,577$2,579,373$3,637,389
75$4,214,706$2,924,367$2,615,628$3,878,093
76$4,592,872$3,015,927$2,651,519$4,139,511
77$5,007,983$3,110,345$2,686,982$4,423,643
78$5,463,753$3,207,708$2,721,952$4,732,691
79$5,964,278$3,308,108$2,756,360$5,069,079
80$6,514,068$3,411,639$2,790,132$5,435,473
81$7,118,092$3,518,399$2,823,190$5,834,809
82$7,781,824$3,628,486$2,855,453$6,270,318
83$8,511,293$3,742,005$2,886,834$6,745,557
84$9,313,144$3,859,062$2,917,241$7,264,442
85$10,194,694$3,979,766$2,946,579$7,831,286
86$11,164,009$4,104,230$2,974,745$8,450,835
87$12,229,971$4,232,571$3,001,632$9,128,319
88$13,402,370$4,364,909$3,027,129$9,869,492
89$14,691,989$4,501,366$3,051,114$10,680,695
90$16,110,710$4,642,071$3,073,465$11,568,910
91$17,671,625$4,787,156$3,094,049$12,541,827
92$19,389,158$4,936,754$3,112,727$13,607,912
93$21,279,203$5,091,006$3,129,354$14,776,496
94$23,359,272$5,250,055$3,143,778$16,057,852
95$25,648,660$5,414,050$3,155,837$17,463,297
96$28,168,628$5,583,143$3,165,362$19,005,297
97$30,942,603$5,757,492$3,172,176$20,697,586
98$33,996,397$5,937,258$3,176,093$22,555,290
99$37,358,454$6,122,608$3,176,917$24,595,074
100$41,060,116$6,313,715$3,174,443$26,835,298