Can I retire at age 69 with 2,340,000?

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 $2,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$193,235$191,514$189,834$188,195$186,595$182,380
2 years$95,661$93,879$92,153$90,479$88,855$84,631
3 years$63,140$61,351$59,629$57,970$56,373$52,273
4 years$46,883$45,100$43,395$41,764$40,206$36,260
5 years$37,132$35,359$33,676$32,079$30,564$26,783
6 years$30,633$28,873$27,215$25,654$24,184$20,573
7 years$25,992$24,247$22,616$21,092$19,668$16,227
8 years$22,514$20,785$19,180$17,693$16,317$13,045
9 years$19,810$18,097$16,520$15,071$13,741$10,636
10 years$17,647$15,951$14,402$12,991$11,708$8,766
11 years$15,880$14,201$12,680$11,306$10,069$7,286
12 years$14,408$12,746$11,253$9,917$8,726$6,097
13 years$13,163$11,518$10,054$8,755$7,609$5,131
14 years$12,097$10,470$9,033$7,772$6,670$4,337
15 years$11,174$9,564$8,156$6,931$5,873$3,679
16 years$10,367$8,775$7,394$6,206$5,190$3,130
17 years$9,656$8,082$6,729$5,576$4,602$2,671
18 years$9,024$7,468$6,142$5,025$4,092$2,283
19 years$8,460$6,921$5,623$4,541$3,647$1,956
20 years$7,953$6,431$5,161$4,112$3,258$1,678
21 years$7,495$5,991$4,747$3,732$2,915$1,441
22 years$7,078$5,592$4,375$3,394$2,613$1,239
23 years$6,699$5,230$4,039$3,091$2,346$1,067
24 years$6,352$4,900$3,736$2,819$2,108$919
25 years$6,033$4,599$3,460$2,574$1,897$792
26 years$5,739$4,322$3,209$2,354$1,709$683
27 years$5,467$4,067$2,980$2,154$1,541$590
28 years$5,215$3,833$2,770$1,974$1,390$509
29 years$4,981$3,616$2,578$1,810$1,255$440
30 years$4,763$3,415$2,401$1,661$1,134$380
31 years$4,560$3,228$2,239$1,526$1,026$328
32 years$4,369$3,054$2,089$1,402$928$284
33 years$4,191$2,893$1,950$1,289$840$245
34 years$4,023$2,741$1,822$1,186$760$212
35 years$3,865$2,600$1,704$1,092$688$184
36 years$3,716$2,468$1,594$1,006$624$159
37 years$3,576$2,344$1,492$927$565$137
38 years$3,444$2,228$1,397$854$513$119
39 years$3,318$2,118$1,309$788$465$103
40 years$3,199$2,015$1,227$726$422$89
41 years$3,086$1,918$1,150$670$382$77
42 years$2,979$1,827$1,079$619$347$67
43 years$2,877$1,741$1,012$571$315$58
44 years$2,780$1,659$950$527$286$50
45 years$2,688$1,582$892$487$260$43
46 years$2,600$1,510$838$450$236$37
47 years$2,516$1,441$787$416$214$32
48 years$2,435$1,375$740$384$194$28
49 years$2,358$1,313$695$355$177$24
50 years$2,285$1,254$654$328$160$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,340,000, adding $6,362 every year, while hoping to spend $57,598 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: 60/19/21 Blend
68$2,340,000$2,340,000$2,340,000$2,340,000
69$2,585,242$2,461,222$2,424,952$2,725,699
70$2,787,653$2,520,538$2,444,904$2,880,947
71$3,008,780$2,580,831$2,463,595$3,043,379
72$3,250,470$2,642,086$2,480,919$3,219,307
73$3,514,758$2,704,288$2,496,771$3,410,052
74$3,803,885$2,767,420$2,511,034$3,617,066
75$4,120,318$2,831,460$2,523,590$3,841,949
76$4,466,773$2,896,384$2,534,313$4,086,467
77$4,846,240$2,962,164$2,543,069$4,352,563
78$5,262,015$3,028,768$2,549,721$4,642,377
79$5,717,725$3,096,162$2,554,121$4,958,272
80$6,217,365$3,164,307$2,556,116$5,302,847
81$6,765,337$3,233,158$2,555,546$5,678,969
82$7,366,486$3,302,667$2,552,241$6,089,796
83$8,026,151$3,372,782$2,546,025$6,538,809
84$8,750,213$3,443,443$2,536,712$7,029,845
85$9,545,150$3,514,586$2,524,106$7,567,132
86$10,418,096$3,586,142$2,508,005$8,155,329
87$11,376,912$3,658,033$2,488,193$8,799,573
88$12,430,256$3,730,175$2,464,447$9,505,523
89$13,587,668$3,802,480$2,436,531$10,279,417
90$14,859,656$3,874,847$2,404,201$11,128,132
91$16,257,797$3,947,171$2,367,198$12,059,245
92$17,794,845$4,019,336$2,325,252$13,081,109
93$19,484,854$4,091,217$2,278,083$14,202,928
94$21,343,304$4,162,682$2,225,393$15,434,848
95$23,387,252$4,233,584$2,166,875$16,788,053
96$25,635,491$4,303,769$2,102,205$18,274,867
97$28,108,727$4,373,070$2,031,044$19,908,873
98$30,829,773$4,441,306$1,953,040$21,705,045
99$33,823,765$4,508,285$1,867,822$23,679,884
100$37,118,399$4,573,801$1,775,004$25,851,577