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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.9%
1 years$203,145$201,335$199,570$197,846$196,164$191,422
2 years$100,567$98,694$96,878$95,118$93,411$88,662
3 years$66,378$64,497$62,687$60,943$59,264$54,656
4 years$49,288$47,412$45,620$43,906$42,268$37,837
5 years$39,036$37,172$35,403$33,724$32,131$27,890
6 years$32,204$30,354$28,611$26,970$25,424$21,376
7 years$27,325$25,491$23,776$22,173$20,677$16,823
8 years$23,668$21,850$20,164$18,600$17,153$13,492
9 years$20,825$19,025$17,367$15,843$14,446$10,974
10 years$18,552$16,769$15,141$13,657$12,308$9,022
11 years$16,694$14,929$13,330$11,886$10,586$7,480
12 years$15,146$13,399$11,830$10,426$9,173$6,243
13 years$13,838$12,109$10,569$9,204$7,999$5,239
14 years$12,717$11,007$9,496$8,170$7,012$4,416
15 years$11,747$10,055$8,574$7,287$6,174$3,736
16 years$10,899$9,225$7,774$6,524$5,457$3,170
17 years$10,151$8,496$7,074$5,862$4,838$2,697
18 years$9,487$7,851$6,457$5,283$4,302$2,299
19 years$8,894$7,276$5,911$4,774$3,834$1,963
20 years$8,361$6,761$5,425$4,323$3,425$1,679
21 years$7,879$6,298$4,990$3,924$3,065$1,438
22 years$7,441$5,879$4,599$3,568$2,747$1,233
23 years$7,043$5,498$4,247$3,249$2,466$1,058
24 years$6,678$5,152$3,927$2,963$2,217$908
25 years$6,342$4,834$3,637$2,706$1,995$780
26 years$6,033$4,544$3,374$2,474$1,797$671
27 years$5,748$4,276$3,133$2,265$1,620$577
28 years$5,483$4,029$2,912$2,075$1,462$497
29 years$5,237$3,801$2,710$1,903$1,320$428
30 years$5,007$3,590$2,524$1,746$1,193$368
31 years$4,793$3,394$2,353$1,604$1,078$317
32 years$4,593$3,211$2,196$1,474$975$273
33 years$4,405$3,041$2,050$1,356$883$235
34 years$4,229$2,882$1,916$1,247$799$203
35 years$4,063$2,734$1,791$1,148$724$175
36 years$3,907$2,595$1,675$1,057$656$151
37 years$3,760$2,464$1,568$974$594$130
38 years$3,620$2,342$1,468$898$539$112
39 years$3,488$2,227$1,376$828$489$97
40 years$3,363$2,119$1,290$764$443$83
41 years$3,245$2,017$1,209$705$402$72
42 years$3,132$1,921$1,134$650$365$62
43 years$3,025$1,830$1,064$600$331$54
44 years$2,923$1,744$999$554$301$46
45 years$2,826$1,664$938$512$273$40
46 years$2,733$1,587$881$473$248$34
47 years$2,645$1,514$828$437$225$30
48 years$2,560$1,446$778$404$204$26
49 years$2,479$1,381$731$373$186$22
50 years$2,402$1,319$687$345$169$19

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 $3,793 every year, while hoping to spend $48,185 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: 46/49/5 Blend
68$2,460,000$2,460,000$2,460,000$2,460,000
69$2,714,832$2,584,452$2,546,322$2,835,934
70$2,940,477$2,659,822$2,580,356$2,994,824
71$3,187,522$2,737,270$2,613,914$3,161,717
72$3,458,100$2,816,847$2,646,931$3,341,608
73$3,754,559$2,898,605$2,679,336$3,535,713
74$4,079,484$2,982,597$2,711,054$3,745,364
75$4,435,723$3,068,876$2,742,006$3,972,029
76$4,826,413$3,157,496$2,772,109$4,217,322
77$5,255,007$3,248,514$2,801,275$4,483,018
78$5,725,312$3,341,986$2,829,412$4,771,070
79$6,241,518$3,437,967$2,856,422$5,083,627
80$6,808,243$3,536,517$2,882,201$5,423,053
81$7,430,571$3,637,694$2,906,642$5,791,953
82$8,114,105$3,741,557$2,929,630$6,193,189
83$8,865,016$3,848,166$2,951,046$6,629,916
84$9,690,103$3,957,581$2,970,761$7,105,604
85$10,596,857$4,069,866$2,988,645$7,624,076
86$11,593,527$4,185,080$3,004,555$8,189,538
87$12,689,205$4,303,288$3,018,346$8,806,624
88$13,893,907$4,424,551$3,029,863$9,480,436
89$15,218,665$4,548,934$3,038,944$10,216,591
90$16,675,638$4,676,501$3,045,417$11,021,276
91$18,278,219$4,807,315$3,049,105$11,901,305
92$20,041,166$4,941,442$3,049,818$12,864,182
93$21,980,738$5,078,946$3,047,360$13,918,173
94$24,114,851$5,219,892$3,041,524$15,072,383
95$26,463,243$5,364,344$3,032,093$16,336,840
96$29,047,665$5,512,368$3,018,840$17,722,591
97$31,892,082$5,664,029$3,001,525$19,241,805
98$35,022,897$5,819,389$2,979,899$20,907,888
99$38,469,207$5,978,514$2,953,701$22,735,609
100$42,263,071$6,141,466$2,922,654$24,741,237