Can I retire at age 69 with 2,350,000?

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 $2,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$194,061$192,332$190,646$189,000$187,392$183,609
2 years$96,070$94,280$92,546$90,865$89,234$85,439
3 years$63,410$61,613$59,884$58,218$56,614$52,925
4 years$47,084$45,292$43,580$41,943$40,378$36,824
5 years$37,290$35,510$33,820$32,216$30,694$27,286
6 years$30,764$28,996$27,331$25,764$24,287$21,028
7 years$26,103$24,351$22,713$21,182$19,752$16,642
8 years$22,610$20,873$19,262$17,769$16,386$13,425
9 years$19,894$18,174$16,590$15,135$13,800$10,985
10 years$17,723$16,020$14,464$13,047$11,758$9,087
11 years$15,948$14,261$12,734$11,354$10,112$7,582
12 years$14,469$12,800$11,301$9,959$8,763$6,370
13 years$13,219$11,568$10,097$8,793$7,642$5,382
14 years$12,149$10,515$9,072$7,805$6,699$4,567
15 years$11,222$9,605$8,191$6,961$5,898$3,891
16 years$10,411$8,813$7,426$6,233$5,213$3,325
17 years$9,697$8,116$6,757$5,600$4,622$2,849
18 years$9,063$7,500$6,169$5,047$4,110$2,446
19 years$8,496$6,951$5,647$4,560$3,663$2,105
20 years$7,987$6,459$5,183$4,130$3,272$1,814
21 years$7,527$6,016$4,767$3,748$2,928$1,565
22 years$7,109$5,616$4,394$3,408$2,624$1,352
23 years$6,728$5,252$4,057$3,104$2,356$1,169
24 years$6,379$4,921$3,752$2,831$2,117$1,012
25 years$6,059$4,618$3,475$2,585$1,905$877
26 years$5,763$4,340$3,223$2,364$1,716$760
27 years$5,491$4,085$2,993$2,164$1,547$659
28 years$5,238$3,849$2,782$1,982$1,396$572
29 years$5,003$3,631$2,589$1,818$1,261$496
30 years$4,784$3,429$2,411$1,668$1,139$431
31 years$4,579$3,242$2,248$1,532$1,030$374
32 years$4,388$3,067$2,098$1,408$932$325
33 years$4,209$2,905$1,958$1,295$843$282
34 years$4,040$2,753$1,830$1,191$763$246
35 years$3,882$2,611$1,711$1,097$691$213
36 years$3,732$2,479$1,600$1,010$626$186
37 years$3,591$2,354$1,498$931$568$161
38 years$3,458$2,237$1,403$858$515$140
39 years$3,332$2,127$1,314$791$467$122
40 years$3,213$2,024$1,232$730$423$106
41 years$3,100$1,927$1,155$673$384$92
42 years$2,992$1,835$1,084$621$349$80
43 years$2,890$1,748$1,017$573$316$70
44 years$2,792$1,666$954$529$287$61
45 years$2,699$1,589$896$489$261$53
46 years$2,611$1,516$842$452$237$46
47 years$2,526$1,447$791$417$215$40
48 years$2,446$1,381$743$386$195$35
49 years$2,368$1,319$698$356$177$30
50 years$2,294$1,260$657$329$161$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,350,000, adding $3,105 every year, while hoping to spend $27,494 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: 47/29/24 Blend
68$2,350,000$2,350,000$2,350,000$2,350,000
69$2,592,903$2,468,353$2,431,928$2,696,856
70$2,828,125$2,560,049$2,484,144$2,861,812
71$3,086,419$2,655,316$2,537,188$3,037,796
72$3,370,109$2,754,301$2,591,058$3,228,271
73$3,681,754$2,857,156$2,645,753$3,434,609
74$4,024,176$2,964,040$2,701,268$3,658,319
75$4,400,481$3,075,117$2,757,601$3,901,060
76$4,814,094$3,190,562$2,814,744$4,164,655
77$5,268,785$3,310,553$2,872,691$4,451,111
78$5,768,710$3,435,279$2,931,435$4,762,636
79$6,318,446$3,564,935$2,990,966$5,101,659
80$6,923,037$3,699,726$3,051,273$5,470,849
81$7,588,040$3,839,866$3,112,344$5,873,149
82$8,319,577$3,985,576$3,174,164$6,311,793
83$9,124,394$4,137,089$3,236,718$6,790,341
84$10,009,923$4,294,648$3,299,989$7,312,713
85$10,984,353$4,458,504$3,363,957$7,883,223
86$12,056,709$4,628,921$3,428,601$8,506,619
87$13,236,930$4,806,176$3,493,897$9,188,127
88$14,535,973$4,990,555$3,559,818$9,933,505
89$15,965,909$5,182,358$3,626,338$10,749,086
90$17,540,036$5,381,898$3,693,425$11,641,849
91$19,273,011$5,589,503$3,761,046$12,619,474
92$21,180,982$5,805,512$3,829,165$13,690,421
93$23,281,743$6,030,283$3,897,743$14,864,005
94$25,594,901$6,264,187$3,966,738$16,150,483
95$28,142,061$6,507,613$4,036,104$17,561,154
96$30,947,031$6,760,965$4,105,793$19,108,458
97$34,036,044$7,024,668$4,175,753$20,806,101
98$37,438,007$7,299,164$4,245,927$22,669,173
99$41,184,775$7,584,914$4,316,257$24,714,301
100$45,311,448$7,882,400$4,386,677$26,959,794