Can I retire at age 69 with 2,450,000?

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$202,319$200,517$198,758$197,042$195,366$190,027
2 years$100,158$98,292$96,485$94,732$93,032$87,691
3 years$66,109$64,235$62,432$60,696$59,023$53,849
4 years$49,087$47,220$45,434$43,728$42,096$37,128
5 years$38,877$37,021$35,259$33,587$32,001$27,252
6 years$32,073$30,230$28,495$26,860$25,321$20,797
7 years$27,214$25,387$23,679$22,083$20,593$16,293
8 years$23,572$21,762$20,082$18,525$17,084$13,006
9 years$20,741$18,947$17,296$15,779$14,387$10,527
10 years$18,477$16,701$15,079$13,602$12,258$8,612
11 years$16,626$14,868$13,276$11,838$10,543$7,104
12 years$15,085$13,345$11,782$10,383$9,136$5,898
13 years$13,782$12,060$10,526$9,167$7,967$4,923
14 years$12,666$10,962$9,458$8,137$6,984$4,127
15 years$11,699$10,014$8,539$7,257$6,149$3,472
16 years$10,854$9,188$7,742$6,498$5,434$2,929
17 years$10,110$8,462$7,045$5,838$4,819$2,477
18 years$9,449$7,819$6,431$5,261$4,284$2,099
19 years$8,858$7,246$5,887$4,754$3,819$1,782
20 years$8,327$6,734$5,403$4,306$3,411$1,515
21 years$7,847$6,272$4,970$3,908$3,052$1,289
22 years$7,411$5,855$4,580$3,553$2,736$1,098
23 years$7,014$5,476$4,229$3,236$2,456$937
24 years$6,650$5,131$3,911$2,951$2,208$799
25 years$6,316$4,815$3,623$2,695$1,987$682
26 years$6,009$4,525$3,360$2,464$1,789$583
27 years$5,724$4,259$3,120$2,256$1,613$498
28 years$5,461$4,013$2,900$2,067$1,456$426
29 years$5,215$3,786$2,699$1,895$1,314$364
30 years$4,987$3,575$2,514$1,739$1,188$312
31 years$4,774$3,380$2,344$1,597$1,074$267
32 years$4,575$3,198$2,187$1,468$971$228
33 years$4,388$3,029$2,042$1,350$879$195
34 years$4,212$2,870$1,908$1,242$796$167
35 years$4,047$2,722$1,784$1,143$721$143
36 years$3,891$2,584$1,669$1,053$653$123
37 years$3,744$2,454$1,562$970$592$105
38 years$3,605$2,332$1,462$894$537$90
39 years$3,474$2,218$1,370$825$487$77
40 years$3,350$2,110$1,284$761$441$66
41 years$3,231$2,009$1,204$702$400$57
42 years$3,119$1,913$1,130$648$363$48
43 years$3,013$1,823$1,060$598$330$42
44 years$2,911$1,737$995$552$299$36
45 years$2,814$1,657$934$510$272$30
46 years$2,722$1,580$877$471$247$26
47 years$2,634$1,508$824$435$224$22
48 years$2,550$1,440$775$402$203$19
49 years$2,469$1,375$728$372$185$16
50 years$2,392$1,313$685$343$168$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,450,000, adding $6,246 every year, while hoping to spend $33,461 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: 72/10/18 Blend
68$2,450,000$2,450,000$2,450,000$2,450,000
69$2,706,343$2,576,493$2,538,518$2,889,292
70$2,946,787$2,667,139$2,587,956$3,102,323
71$3,210,636$2,761,105$2,637,929$3,330,919
72$3,500,240$2,858,518$2,688,419$3,580,412
73$3,818,191$2,959,512$2,739,407$3,852,867
74$4,167,342$3,064,224$2,790,873$4,150,560
75$4,550,837$3,172,796$2,842,793$4,475,995
76$4,972,138$3,285,380$2,895,142$4,831,931
77$5,435,062$3,402,129$2,947,895$5,221,408
78$5,943,810$3,523,205$3,001,022$5,647,771
79$6,503,014$3,648,777$3,054,491$6,114,706
80$7,117,773$3,779,019$3,108,268$6,626,272
81$7,793,709$3,914,114$3,162,318$7,186,942
82$8,537,013$4,054,251$3,216,601$7,801,641
83$9,354,507$4,199,628$3,271,076$8,475,794
84$10,253,706$4,350,449$3,325,697$9,215,379
85$11,242,893$4,506,930$3,380,417$10,026,980
86$12,331,191$4,669,293$3,435,183$10,917,850
87$13,528,654$4,837,769$3,489,943$11,895,980
88$14,846,357$5,012,601$3,544,637$12,970,174
89$16,296,507$5,194,039$3,599,203$14,150,130
90$17,892,550$5,382,346$3,653,576$15,446,533
91$19,649,304$5,577,795$3,707,685$16,871,157
92$21,583,096$5,780,670$3,761,456$18,436,971
93$23,711,916$5,991,267$3,814,809$20,158,266
94$26,055,587$6,209,895$3,867,660$22,050,787
95$28,635,952$6,436,875$3,919,922$24,131,883
96$31,477,079$6,672,542$3,971,499$26,420,669
97$34,605,489$6,917,244$4,022,292$28,938,205
98$38,050,406$7,171,346$4,072,196$31,707,697
99$41,844,032$7,435,227$4,121,099$34,754,716
100$46,021,851$7,709,280$4,168,884$38,107,435