Can I retire at age 69 with 2,460,000?

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$203,145$201,335$199,570$197,846$196,164$189,885
2 years$100,567$98,694$96,878$95,118$93,411$87,143
3 years$66,378$64,497$62,687$60,943$59,264$53,203
4 years$49,288$47,412$45,620$43,906$42,268$36,461
5 years$39,036$37,172$35,403$33,724$32,131$26,594
6 years$32,204$30,354$28,611$26,970$25,424$20,161
7 years$27,325$25,491$23,776$22,173$20,677$15,688
8 years$23,668$21,850$20,164$18,600$17,153$12,435
9 years$20,825$19,025$17,367$15,843$14,446$9,992
10 years$18,552$16,769$15,141$13,657$12,308$8,113
11 years$16,694$14,929$13,330$11,886$10,586$6,640
12 years$15,146$13,399$11,830$10,426$9,173$5,470
13 years$13,838$12,109$10,569$9,204$7,999$4,529
14 years$12,717$11,007$9,496$8,170$7,012$3,765
15 years$11,747$10,055$8,574$7,287$6,174$3,141
16 years$10,899$9,225$7,774$6,524$5,457$2,627
17 years$10,151$8,496$7,074$5,862$4,838$2,202
18 years$9,487$7,851$6,457$5,283$4,302$1,850
19 years$8,894$7,276$5,911$4,774$3,834$1,556
20 years$8,361$6,761$5,425$4,323$3,425$1,311
21 years$7,879$6,298$4,990$3,924$3,065$1,105
22 years$7,441$5,879$4,599$3,568$2,747$933
23 years$7,043$5,498$4,247$3,249$2,466$788
24 years$6,678$5,152$3,927$2,963$2,217$666
25 years$6,342$4,834$3,637$2,706$1,995$563
26 years$6,033$4,544$3,374$2,474$1,797$476
27 years$5,748$4,276$3,133$2,265$1,620$403
28 years$5,483$4,029$2,912$2,075$1,462$341
29 years$5,237$3,801$2,710$1,903$1,320$289
30 years$5,007$3,590$2,524$1,746$1,193$245
31 years$4,793$3,394$2,353$1,604$1,078$208
32 years$4,593$3,211$2,196$1,474$975$176
33 years$4,405$3,041$2,050$1,356$883$149
34 years$4,229$2,882$1,916$1,247$799$126
35 years$4,063$2,734$1,791$1,148$724$107
36 years$3,907$2,595$1,675$1,057$656$91
37 years$3,760$2,464$1,568$974$594$77
38 years$3,620$2,342$1,468$898$539$65
39 years$3,488$2,227$1,376$828$489$55
40 years$3,363$2,119$1,290$764$443$47
41 years$3,245$2,017$1,209$705$402$40
42 years$3,132$1,921$1,134$650$365$34
43 years$3,025$1,830$1,064$600$331$29
44 years$2,923$1,744$999$554$301$24
45 years$2,826$1,664$938$512$273$21
46 years$2,733$1,587$881$473$248$17
47 years$2,645$1,514$828$437$225$15
48 years$2,560$1,446$778$404$204$13
49 years$2,479$1,381$731$373$186$11
50 years$2,402$1,319$687$345$169$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,460,000, adding $2,588 every year, while hoping to spend $28,861 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: 49/31/20 Blend
68$2,460,000$2,460,000$2,460,000$2,460,000
69$2,713,590$2,583,210$2,545,080$2,831,194
70$2,959,668$2,679,079$2,599,632$3,008,922
71$3,229,879$2,778,679$2,655,044$3,198,743
72$3,526,653$2,882,161$2,711,315$3,404,349
73$3,852,670$2,989,685$2,768,442$3,627,239
74$4,210,878$3,101,415$2,826,421$3,869,059
75$4,604,529$3,217,526$2,885,248$4,131,619
76$5,037,203$3,338,196$2,944,915$4,416,909
77$5,512,844$3,463,614$3,005,416$4,727,120
78$6,035,799$3,593,976$3,066,742$5,064,660
79$6,610,855$3,729,486$3,128,883$5,432,179
80$7,243,289$3,870,357$3,191,827$5,832,593
81$7,938,911$4,016,812$3,255,560$6,269,109
82$8,704,127$4,169,082$3,320,068$6,745,258
83$9,545,991$4,327,410$3,385,334$7,264,926
84$10,472,278$4,492,049$3,451,338$7,832,388
85$11,491,552$4,663,262$3,518,060$8,452,352
86$12,613,253$4,841,324$3,585,477$9,129,997
87$13,847,778$5,026,522$3,653,564$9,871,028
88$15,206,585$5,219,156$3,722,293$10,681,724
89$16,702,301$5,419,538$3,791,633$11,568,997
90$18,348,836$5,627,996$3,861,553$12,540,459
91$20,161,519$5,844,869$3,932,017$13,604,491
92$22,157,240$6,070,514$4,002,986$14,770,320
93$24,354,611$6,305,302$4,074,418$16,048,110
94$26,774,140$6,549,620$4,146,270$17,449,051
95$29,438,424$6,803,874$4,218,492$18,985,467
96$32,372,366$7,068,485$4,291,033$20,670,930
97$35,603,402$7,343,897$4,363,839$22,520,391
98$39,161,770$7,630,568$4,436,848$24,550,313
99$43,080,786$7,928,982$4,509,998$26,778,830
100$47,397,164$8,239,640$4,583,220$29,225,917