Can I retire at age 69 with 2,370,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$195,712$193,969$192,268$190,608$188,987$185,247
2 years$96,887$95,083$93,334$91,639$89,994$86,242
3 years$63,950$62,138$60,393$58,714$57,096$53,448
4 years$47,484$45,678$43,951$42,300$40,721$37,207
5 years$37,608$35,812$34,108$32,490$30,956$27,584
6 years$31,025$29,243$27,564$25,983$24,494$21,269
7 years$26,326$24,558$22,906$21,362$19,920$16,843
8 years$22,802$21,051$19,426$17,920$16,526$13,595
9 years$20,064$18,329$16,732$15,264$13,917$11,130
10 years$17,874$16,156$14,587$13,158$11,858$9,213
11 years$16,083$14,383$12,842$11,451$10,198$7,692
12 years$14,592$12,909$11,397$10,044$8,838$6,467
13 years$13,332$11,666$10,183$8,867$7,707$5,467
14 years$12,252$10,604$9,149$7,872$6,756$4,643
15 years$11,317$9,687$8,260$7,020$5,948$3,958
16 years$10,500$8,888$7,489$6,286$5,257$3,385
17 years$9,780$8,185$6,815$5,648$4,661$2,902
18 years$9,140$7,564$6,221$5,090$4,145$2,494
19 years$8,569$7,010$5,695$4,599$3,694$2,147
20 years$8,055$6,514$5,227$4,165$3,300$1,852
21 years$7,591$6,067$4,808$3,780$2,953$1,599
22 years$7,169$5,664$4,431$3,437$2,647$1,382
23 years$6,785$5,297$4,091$3,130$2,376$1,196
24 years$6,433$4,963$3,784$2,855$2,136$1,036
25 years$6,110$4,658$3,504$2,607$1,922$898
26 years$5,813$4,377$3,250$2,384$1,731$779
27 years$5,537$4,120$3,018$2,182$1,561$676
28 years$5,282$3,882$2,806$1,999$1,408$587
29 years$5,045$3,662$2,611$1,833$1,272$510
30 years$4,824$3,458$2,432$1,683$1,149$443
31 years$4,618$3,269$2,267$1,545$1,039$385
32 years$4,425$3,094$2,115$1,420$940$335
33 years$4,244$2,930$1,975$1,306$850$291
34 years$4,074$2,777$1,845$1,202$770$254
35 years$3,915$2,634$1,725$1,106$697$221
36 years$3,764$2,500$1,614$1,019$632$192
37 years$3,622$2,374$1,511$939$573$167
38 years$3,488$2,256$1,415$865$519$145
39 years$3,361$2,145$1,325$798$471$127
40 years$3,240$2,041$1,242$736$427$110
41 years$3,126$1,943$1,165$679$387$96
42 years$3,017$1,851$1,093$626$352$84
43 years$2,914$1,763$1,025$578$319$73
44 years$2,816$1,681$963$534$290$63
45 years$2,722$1,603$904$493$263$55
46 years$2,633$1,529$849$456$239$48
47 years$2,548$1,459$797$421$217$42
48 years$2,466$1,393$749$389$197$36
49 years$2,388$1,330$704$359$179$32
50 years$2,314$1,271$662$332$162$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,370,000, adding $6,702 every year, while hoping to spend $20,756 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: 40/45/15 Blend
68$2,370,000$2,370,000$2,370,000$2,370,000
69$2,618,653$2,493,043$2,456,308$2,711,463
70$2,863,672$2,593,118$2,516,510$2,878,009
71$3,132,986$2,697,401$2,578,033$3,055,534
72$3,429,053$2,806,076$2,640,900$3,247,135
73$3,754,579$2,919,336$2,705,133$3,454,099
74$4,112,545$3,037,383$2,770,753$3,677,839
75$4,506,236$3,160,426$2,837,785$3,919,906
76$4,939,271$3,288,686$2,906,250$4,182,002
77$5,415,638$3,422,392$2,976,170$4,465,997
78$5,939,730$3,561,786$3,047,569$4,773,945
79$6,516,387$3,707,119$3,120,468$5,108,101
80$7,150,944$3,858,653$3,194,889$5,470,945
81$7,849,278$4,016,664$3,270,855$5,865,201
82$8,617,863$4,181,440$3,348,387$6,293,861
83$9,463,834$4,353,279$3,427,507$6,760,216
84$10,395,053$4,532,498$3,508,237$7,267,883
85$11,420,182$4,719,425$3,590,597$7,820,840
86$12,548,768$4,914,403$3,674,608$8,423,459
87$13,791,326$5,117,792$3,760,291$9,080,549
88$15,159,446$5,329,970$3,847,666$9,797,400
89$16,665,899$5,551,328$3,936,753$10,579,830
90$18,324,756$5,782,278$4,027,569$11,434,238
91$20,151,523$6,023,252$4,120,135$12,367,666
92$22,163,287$6,274,699$4,214,467$13,387,862
93$24,378,873$6,537,090$4,310,583$14,503,348
94$26,819,030$6,810,919$4,408,499$15,723,506
95$29,506,618$7,096,702$4,508,231$17,058,659
96$32,466,830$7,394,977$4,609,794$18,520,168
97$35,727,426$7,706,309$4,713,201$20,120,540
98$39,318,994$8,031,290$4,818,464$21,873,538
99$43,275,246$8,370,537$4,925,597$23,794,316
100$47,633,324$8,724,697$5,034,608$25,899,554