Can I retire at age 69 with 2,440,000?

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 $2,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$201,493$199,698$197,947$196,238$194,569$190,485
2 years$99,749$97,891$96,091$94,345$92,652$88,556
3 years$65,839$63,973$62,177$60,448$58,782$54,803
4 years$48,887$47,027$45,249$43,549$41,924$38,092
5 years$38,719$36,870$35,115$33,450$31,870$28,196
6 years$31,942$30,107$28,378$26,750$25,218$21,706
7 years$27,103$25,284$23,582$21,993$20,509$17,159
8 years$23,476$21,673$20,000$18,449$17,014$13,826
9 years$20,656$18,870$17,226$15,715$14,328$11,300
10 years$18,402$16,633$15,018$13,546$12,208$9,336
11 years$16,558$14,807$13,221$11,789$10,500$7,780
12 years$15,023$13,290$11,734$10,341$9,099$6,528
13 years$13,725$12,011$10,483$9,129$7,934$5,507
14 years$12,614$10,917$9,419$8,104$6,955$4,668
15 years$11,651$9,973$8,504$7,227$6,124$3,971
16 years$10,810$9,150$7,710$6,471$5,412$3,388
17 years$10,069$8,427$7,016$5,814$4,799$2,899
18 years$9,410$7,787$6,405$5,240$4,267$2,486
19 years$8,822$7,217$5,863$4,735$3,803$2,136
20 years$8,293$6,706$5,381$4,288$3,397$1,837
21 years$7,815$6,247$4,950$3,892$3,040$1,583
22 years$7,381$5,831$4,562$3,539$2,725$1,366
23 years$6,985$5,454$4,212$3,223$2,446$1,179
24 years$6,623$5,110$3,895$2,939$2,199$1,019
25 years$6,291$4,795$3,608$2,684$1,978$881
26 years$5,984$4,507$3,346$2,454$1,782$763
27 years$5,701$4,241$3,107$2,247$1,607$660
28 years$5,438$3,997$2,889$2,058$1,450$572
29 years$5,194$3,770$2,688$1,888$1,309$496
30 years$4,967$3,561$2,504$1,732$1,183$430
31 years$4,754$3,366$2,334$1,591$1,069$372
32 years$4,556$3,185$2,178$1,462$967$323
33 years$4,370$3,016$2,033$1,345$875$280
34 years$4,195$2,859$1,900$1,237$793$243
35 years$4,030$2,711$1,776$1,139$718$211
36 years$3,875$2,573$1,662$1,049$650$183
37 years$3,729$2,444$1,555$966$590$159
38 years$3,591$2,323$1,457$891$534$138
39 years$3,460$2,209$1,365$821$485$120
40 years$3,336$2,102$1,279$758$440$104
41 years$3,218$2,000$1,199$699$399$90
42 years$3,106$1,905$1,125$645$362$78
43 years$3,000$1,815$1,056$595$328$68
44 years$2,899$1,730$991$550$298$59
45 years$2,803$1,650$930$508$271$51
46 years$2,711$1,574$874$469$246$45
47 years$2,623$1,502$821$433$223$39
48 years$2,539$1,434$772$400$203$34
49 years$2,459$1,369$725$370$184$29
50 years$2,382$1,308$682$342$167$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,440,000, adding $3,046 every year, while hoping to spend $28,281 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: 26/48/26 Blend
68$2,440,000$2,440,000$2,440,000$2,440,000
69$2,692,022$2,562,702$2,524,882$2,739,966
70$2,936,517$2,658,184$2,579,375$2,874,691
71$3,205,004$2,757,396$2,634,745$3,016,508
72$3,499,898$2,860,492$2,690,993$3,168,083
73$3,823,862$2,967,631$2,748,116$3,330,261
74$4,179,831$3,078,980$2,806,113$3,503,965
75$4,571,036$3,194,712$2,864,980$3,690,207
76$5,001,036$3,315,008$2,924,711$3,890,098
77$5,473,755$3,440,056$2,985,302$4,104,855
78$5,993,514$3,570,055$3,046,746$4,335,812
79$6,565,073$3,705,208$3,109,032$4,584,436
80$7,193,678$3,845,731$3,172,153$4,852,335
81$7,885,109$3,991,847$3,236,095$5,141,274
82$8,645,732$4,143,790$3,300,846$5,453,191
83$9,482,563$4,301,802$3,366,391$5,790,216
84$10,403,333$4,466,139$3,432,714$6,154,686
85$11,416,558$4,637,064$3,499,794$6,549,171
86$12,531,622$4,814,856$3,567,613$6,976,494
87$13,758,866$4,999,803$3,636,147$7,439,755
88$15,109,684$5,192,206$3,705,371$7,942,366
89$16,596,628$5,392,381$3,775,257$8,488,073
90$18,233,531$5,600,655$3,845,776$9,080,999
91$20,035,637$5,817,372$3,916,895$9,725,673
92$22,019,739$6,042,891$3,988,578$10,427,080
93$24,204,344$6,277,584$4,060,787$11,190,700
94$26,609,845$6,521,843$4,133,481$12,022,560
95$29,258,711$6,776,076$4,206,615$12,929,294
96$32,175,704$7,040,708$4,280,141$13,918,196
97$35,388,107$7,316,184$4,354,006$14,997,295
98$38,925,985$7,602,968$4,428,157$16,175,423
99$42,822,468$7,901,546$4,502,533$17,462,301
100$47,114,063$8,212,424$4,577,070$18,868,628