Can I retire at age 69 with 2,430,000?

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$200,667$198,880$197,136$195,434$193,772$190,249
2 years$99,340$97,490$95,697$93,958$92,272$88,735
3 years$65,569$63,711$61,922$60,200$58,541$55,101
4 years$48,687$46,834$45,064$43,371$41,752$38,435
5 years$38,560$36,719$34,971$33,313$31,739$28,554
6 years$31,811$29,983$28,262$26,641$25,114$22,065
7 years$26,992$25,180$23,486$21,903$20,425$17,512
8 years$23,380$21,584$19,918$18,374$16,944$14,168
9 years$20,571$18,793$17,155$15,650$14,269$11,628
10 years$18,326$16,565$14,956$13,491$12,158$9,649
11 years$16,490$14,747$13,167$11,741$10,457$8,076
12 years$14,962$13,236$11,686$10,298$9,061$6,807
13 years$13,669$11,961$10,440$9,092$7,902$5,770
14 years$12,562$10,873$9,381$8,071$6,927$4,913
15 years$11,604$9,932$8,469$7,198$6,099$4,200
16 years$10,766$9,113$7,679$6,445$5,390$3,602
17 years$10,027$8,392$6,987$5,791$4,779$3,097
18 years$9,372$7,755$6,379$5,218$4,249$2,669
19 years$8,786$7,187$5,839$4,715$3,788$2,305
20 years$8,259$6,679$5,359$4,271$3,383$1,994
21 years$7,783$6,221$4,929$3,876$3,028$1,727
22 years$7,351$5,807$4,543$3,524$2,714$1,498
23 years$6,957$5,431$4,195$3,209$2,436$1,300
24 years$6,596$5,089$3,879$2,927$2,190$1,130
25 years$6,265$4,775$3,593$2,673$1,970$983
26 years$5,960$4,488$3,332$2,444$1,775$855
27 years$5,677$4,224$3,094$2,237$1,600$744
28 years$5,416$3,980$2,877$2,050$1,444$649
29 years$5,173$3,755$2,677$1,880$1,304$565
30 years$4,946$3,546$2,494$1,725$1,178$493
31 years$4,735$3,352$2,325$1,584$1,065$430
32 years$4,537$3,172$2,169$1,456$963$375
33 years$4,352$3,004$2,025$1,339$872$327
34 years$4,178$2,847$1,892$1,232$789$286
35 years$4,014$2,700$1,769$1,134$715$249
36 years$3,859$2,563$1,655$1,045$648$218
37 years$3,714$2,434$1,549$962$587$190
38 years$3,576$2,313$1,451$887$532$166
39 years$3,446$2,200$1,359$818$483$145
40 years$3,322$2,093$1,274$754$438$127
41 years$3,205$1,992$1,194$696$397$111
42 years$3,094$1,897$1,120$642$360$97
43 years$2,988$1,808$1,051$593$327$84
44 years$2,887$1,723$987$548$297$74
45 years$2,791$1,643$927$506$270$64
46 years$2,700$1,568$870$467$245$56
47 years$2,612$1,496$818$432$222$49
48 years$2,529$1,428$768$399$202$43
49 years$2,449$1,364$722$369$183$38
50 years$2,373$1,303$679$341$166$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,430,000, adding $4,982 every year, while hoping to spend $23,831 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: 70/21/9 Blend
68$2,430,000$2,430,000$2,430,000$2,430,000
69$2,682,999$2,554,209$2,516,544$2,865,973
70$2,931,309$2,654,009$2,575,492$3,087,570
71$3,204,148$2,757,901$2,635,616$3,326,585
72$3,503,992$2,866,059$2,696,931$3,587,484
73$3,833,571$2,978,668$2,759,450$3,872,415
74$4,195,890$3,095,918$2,823,186$4,183,739
75$4,594,262$3,218,008$2,888,154$4,524,058
76$5,032,334$3,345,149$2,954,365$4,896,233
77$5,514,129$3,477,557$3,021,832$5,303,414
78$6,044,073$3,615,461$3,090,567$5,749,070
79$6,627,049$3,759,099$3,160,581$6,237,018
80$7,268,432$3,908,719$3,231,885$6,771,463
81$7,974,147$4,064,581$3,304,488$7,357,032
82$8,750,722$4,226,957$3,378,400$7,998,821
83$9,605,348$4,396,131$3,453,629$8,702,443
84$10,545,951$4,572,398$3,530,183$9,474,076
85$11,581,262$4,756,070$3,608,069$10,320,525
86$12,720,903$4,947,470$3,687,291$11,249,284
87$13,975,476$5,146,937$3,767,856$12,268,607
88$15,356,662$5,354,824$3,849,767$13,387,583
89$16,877,333$5,571,502$3,933,026$14,616,223
90$18,551,673$5,797,358$4,017,634$15,965,554
91$20,395,310$6,032,795$4,103,591$17,447,722
92$22,425,467$6,278,236$4,190,896$19,076,103
93$24,661,119$6,534,125$4,279,546$20,865,434
94$27,123,177$6,800,921$4,369,535$22,831,947
95$29,834,684$7,079,109$4,460,858$24,993,523
96$32,821,031$7,369,195$4,553,505$27,369,858
97$36,110,196$7,671,705$4,647,467$29,982,651
98$39,733,011$7,987,193$4,742,732$32,855,807
99$43,723,449$8,316,237$4,839,285$36,015,658
100$48,118,949$8,659,440$4,937,109$39,491,216