Can I retire at age 69 with 2,400,000?

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 $2,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$198,190$196,424$194,702$193,021$191,379$190,493
2 years$98,114$96,286$94,516$92,799$91,133$90,238
3 years$64,759$62,924$61,158$59,457$57,819$56,943
4 years$48,086$46,256$44,507$42,835$41,237$40,387
5 years$38,084$36,265$34,539$32,902$31,347$30,527
6 years$31,418$29,613$27,913$26,312$24,804$24,013
7 years$26,659$24,869$23,196$21,632$20,172$19,411
8 years$23,091$21,318$19,672$18,147$16,735$16,004
9 years$20,318$18,561$16,943$15,457$14,093$13,392
10 years$18,100$16,360$14,772$13,324$12,008$11,337
11 years$16,287$14,565$13,005$11,596$10,327$9,685
12 years$14,777$13,072$11,541$10,171$8,950$8,336
13 years$13,500$11,814$10,311$8,980$7,804$7,219
14 years$12,407$10,738$9,265$7,971$6,841$6,283
15 years$11,460$9,810$8,365$7,109$6,023$5,493
16 years$10,633$9,000$7,584$6,365$5,324$4,819
17 years$9,904$8,289$6,901$5,719$4,720$4,241
18 years$9,256$7,659$6,300$5,154$4,197$3,742
19 years$8,677$7,099$5,767$4,657$3,741$3,310
20 years$8,157$6,596$5,293$4,218$3,341$2,933
21 years$7,687$6,144$4,868$3,828$2,990$2,604
22 years$7,260$5,735$4,487$3,481$2,680$2,315
23 years$6,871$5,364$4,143$3,170$2,406$2,061
24 years$6,515$5,026$3,832$2,891$2,163$1,838
25 years$6,188$4,717$3,549$2,640$1,946$1,640
26 years$5,886$4,433$3,291$2,414$1,753$1,465
27 years$5,607$4,172$3,056$2,210$1,580$1,309
28 years$5,349$3,931$2,841$2,025$1,426$1,171
29 years$5,109$3,708$2,644$1,857$1,288$1,048
30 years$4,885$3,502$2,463$1,704$1,163$939
31 years$4,677$3,311$2,296$1,565$1,052$841
32 years$4,481$3,133$2,142$1,438$951$754
33 years$4,298$2,967$2,000$1,323$861$677
34 years$4,126$2,812$1,869$1,217$780$607
35 years$3,964$2,667$1,747$1,120$706$545
36 years$3,812$2,531$1,634$1,032$640$489
37 years$3,668$2,404$1,530$951$580$439
38 years$3,532$2,285$1,433$876$526$395
39 years$3,403$2,173$1,342$808$477$354
40 years$3,281$2,067$1,258$745$432$319
41 years$3,165$1,968$1,180$687$392$286
42 years$3,056$1,874$1,107$634$356$257
43 years$2,951$1,785$1,038$586$323$231
44 years$2,852$1,702$975$541$293$208
45 years$2,757$1,623$915$499$266$187
46 years$2,666$1,548$860$461$242$168
47 years$2,580$1,477$808$426$219$151
48 years$2,498$1,410$759$394$199$136
49 years$2,419$1,347$713$364$181$122
50 years$2,343$1,287$671$336$164$110

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,400,000, adding $2,242 every year, while hoping to spend $36,012 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: 34/49/17 Blend
68$2,400,000$2,400,000$2,400,000$2,400,000
69$2,647,113$2,519,913$2,482,713$2,723,132
70$2,878,802$2,605,072$2,527,567$2,864,210
71$3,132,916$2,693,197$2,572,717$3,012,729
72$3,411,705$2,784,395$2,618,135$3,172,123
73$3,717,646$2,878,778$2,663,789$3,343,370
74$4,053,469$2,976,461$2,709,649$3,527,549
75$4,422,179$3,077,563$2,755,679$3,725,840
76$4,827,088$3,182,211$2,801,841$3,939,543
77$5,271,844$3,290,532$2,848,095$4,170,082
78$5,760,466$3,402,662$2,894,400$4,419,027
79$6,297,380$3,518,739$2,940,709$4,688,098
80$6,887,463$3,638,908$2,986,974$4,979,190
81$7,536,090$3,763,320$3,033,143$5,294,384
82$8,249,178$3,892,130$3,079,160$5,635,968
83$9,033,251$4,025,501$3,124,969$6,006,459
84$9,895,492$4,163,600$3,170,505$6,408,625
85$10,843,819$4,306,603$3,215,704$6,845,511
86$11,886,954$4,454,692$3,260,495$7,320,465
87$13,034,505$4,608,054$3,304,803$7,837,171
88$14,297,062$4,766,886$3,348,552$8,399,686
89$15,686,291$4,931,391$3,391,656$9,012,468
90$17,215,045$5,101,782$3,434,029$9,680,429
91$18,897,488$5,278,277$3,475,577$10,408,971
92$20,749,224$5,461,106$3,516,202$11,204,043
93$22,787,451$5,650,506$3,555,800$12,072,189
94$25,031,113$5,846,722$3,594,262$13,020,618
95$27,501,087$6,050,013$3,631,471$14,057,263
96$30,220,379$6,260,644$3,667,305$15,190,858
97$33,214,335$6,478,893$3,701,637$16,431,021
98$36,510,886$6,705,048$3,734,331$17,788,342
99$40,140,808$6,939,407$3,765,244$19,274,482
100$44,138,016$7,182,284$3,794,225$20,902,279