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%13.9%
1 years$193,235$191,514$189,834$188,195$186,595$183,579
2 years$95,661$93,879$92,153$90,479$88,855$85,825
3 years$63,140$61,351$59,629$57,970$56,373$53,423
4 years$46,883$45,100$43,395$41,764$40,206$37,359
5 years$37,132$35,359$33,676$32,079$30,564$27,828
6 years$30,633$28,873$27,215$25,654$24,184$21,562
7 years$25,992$24,247$22,616$21,092$19,668$17,161
8 years$22,514$20,785$19,180$17,693$16,317$13,924
9 years$19,810$18,097$16,520$15,071$13,741$11,462
10 years$17,647$15,951$14,402$12,991$11,708$9,540
11 years$15,880$14,201$12,680$11,306$10,069$8,010
12 years$14,408$12,746$11,253$9,917$8,726$6,773
13 years$13,163$11,518$10,054$8,755$7,609$5,760
14 years$12,097$10,470$9,033$7,772$6,670$4,922
15 years$11,174$9,564$8,156$6,931$5,873$4,222
16 years$10,367$8,775$7,394$6,206$5,190$3,633
17 years$9,656$8,082$6,729$5,576$4,602$3,135
18 years$9,024$7,468$6,142$5,025$4,092$2,712
19 years$8,460$6,921$5,623$4,541$3,647$2,350
20 years$7,953$6,431$5,161$4,112$3,258$2,041
21 years$7,495$5,991$4,747$3,732$2,915$1,774
22 years$7,078$5,592$4,375$3,394$2,613$1,545
23 years$6,699$5,230$4,039$3,091$2,346$1,346
24 years$6,352$4,900$3,736$2,819$2,108$1,174
25 years$6,033$4,599$3,460$2,574$1,897$1,025
26 years$5,739$4,322$3,209$2,354$1,709$896
27 years$5,467$4,067$2,980$2,154$1,541$783
28 years$5,215$3,833$2,770$1,974$1,390$685
29 years$4,981$3,616$2,578$1,810$1,255$599
30 years$4,763$3,415$2,401$1,661$1,134$525
31 years$4,560$3,228$2,239$1,526$1,026$460
32 years$4,369$3,054$2,089$1,402$928$403
33 years$4,191$2,893$1,950$1,289$840$353
34 years$4,023$2,741$1,822$1,186$760$309
35 years$3,865$2,600$1,704$1,092$688$271
36 years$3,716$2,468$1,594$1,006$624$238
37 years$3,576$2,344$1,492$927$565$208
38 years$3,444$2,228$1,397$854$513$183
39 years$3,318$2,118$1,309$788$465$160
40 years$3,199$2,015$1,227$726$422$141
41 years$3,086$1,918$1,150$670$382$123
42 years$2,979$1,827$1,079$619$347$108
43 years$2,877$1,741$1,012$571$315$95
44 years$2,780$1,659$950$527$286$83
45 years$2,688$1,582$892$487$260$73
46 years$2,600$1,510$838$450$236$64
47 years$2,516$1,441$787$416$214$56
48 years$2,435$1,375$740$384$194$49
49 years$2,358$1,313$695$355$177$43
50 years$2,285$1,254$654$328$160$38

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 $3,788 every year, while hoping to spend $21,325 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: 56/28/16 Blend
68$2,340,000$2,340,000$2,340,000$2,340,000
69$2,582,587$2,458,567$2,422,297$2,716,150
70$2,823,322$2,556,347$2,480,755$2,905,125
71$3,087,896$2,658,204$2,540,456$3,108,243
72$3,378,720$2,764,315$2,601,419$3,329,020
73$3,698,447$2,874,864$2,663,665$3,569,152
74$4,050,002$2,990,046$2,727,211$3,830,503
75$4,436,607$3,110,062$2,792,077$4,115,123
76$4,861,811$3,235,125$2,858,281$4,425,270
77$5,329,524$3,365,455$2,925,843$4,763,423
78$5,844,057$3,501,284$2,994,779$5,132,314
79$6,410,155$3,642,851$3,065,109$5,534,945
80$7,033,051$3,790,411$3,136,850$5,974,623
81$7,718,508$3,944,227$3,210,020$6,454,985
82$8,472,876$4,104,574$3,284,636$6,980,032
83$9,303,152$4,271,741$3,360,715$7,554,172
84$10,217,047$4,446,030$3,438,272$8,182,254
85$11,223,056$4,627,755$3,517,324$8,869,615
86$12,330,540$4,817,248$3,597,887$9,622,131
87$13,549,813$5,014,851$3,679,974$10,446,273
88$14,892,241$5,220,926$3,763,600$11,349,161
89$16,370,348$5,435,849$3,848,779$12,338,638
90$17,997,933$5,660,016$3,935,523$13,423,337
91$19,790,203$5,893,837$4,023,844$14,612,767
92$21,763,914$6,137,745$4,113,753$15,917,396
93$23,937,529$6,392,190$4,205,259$17,348,752
94$26,331,394$6,657,645$4,298,373$18,919,532
95$28,967,929$6,934,602$4,393,101$20,643,717
96$31,871,839$7,223,579$4,489,451$22,536,707
97$35,070,347$7,525,114$4,587,427$24,615,460
98$38,593,451$7,839,774$4,687,035$26,898,657
99$42,474,208$8,168,148$4,788,276$29,406,871
100$46,749,046$8,510,856$4,891,152$32,162,765