Can I retire at age 69 with 2,470,000?

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 $2,470,000?

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$203,970$202,153$200,381$198,651$196,961$190,656
2 years$100,975$99,095$97,272$95,505$93,791$87,497
3 years$66,648$64,760$62,942$61,191$59,505$53,420
4 years$49,488$47,605$45,805$44,085$42,439$36,609
5 years$39,195$37,323$35,547$33,861$32,262$26,702
6 years$32,335$30,477$28,727$27,079$25,528$20,243
7 years$27,436$25,595$23,872$22,263$20,761$15,751
8 years$23,765$21,939$20,246$18,676$17,223$12,485
9 years$20,910$19,102$17,438$15,908$14,504$10,032
10 years$18,628$16,838$15,202$13,713$12,358$8,146
11 years$16,762$14,989$13,384$11,934$10,629$6,667
12 years$15,208$13,454$11,878$10,468$9,211$5,492
13 years$13,894$12,158$10,612$9,242$8,032$4,547
14 years$12,769$11,052$9,535$8,204$7,041$3,780
15 years$11,795$10,096$8,609$7,316$6,199$3,153
16 years$10,943$9,263$7,805$6,551$5,479$2,638
17 years$10,192$8,531$7,102$5,886$4,858$2,211
18 years$9,526$7,883$6,484$5,304$4,319$1,857
19 years$8,930$7,306$5,935$4,793$3,850$1,562
20 years$8,395$6,789$5,447$4,341$3,439$1,316
21 years$7,911$6,323$5,010$3,940$3,077$1,110
22 years$7,472$5,903$4,618$3,582$2,758$937
23 years$7,071$5,521$4,264$3,262$2,476$791
24 years$6,705$5,172$3,943$2,975$2,226$669
25 years$6,368$4,854$3,652$2,717$2,003$565
26 years$6,058$4,562$3,387$2,485$1,804$478
27 years$5,771$4,293$3,145$2,274$1,626$405
28 years$5,505$4,046$2,924$2,084$1,468$343
29 years$5,258$3,817$2,721$1,911$1,325$290
30 years$5,028$3,604$2,535$1,754$1,197$246
31 years$4,813$3,407$2,363$1,611$1,083$208
32 years$4,612$3,224$2,205$1,480$979$177
33 years$4,423$3,053$2,058$1,361$886$150
34 years$4,246$2,894$1,923$1,252$802$127
35 years$4,080$2,745$1,798$1,153$727$108
36 years$3,923$2,605$1,682$1,062$658$91
37 years$3,775$2,474$1,574$978$597$77
38 years$3,635$2,351$1,474$902$541$66
39 years$3,502$2,236$1,381$831$491$56
40 years$3,377$2,127$1,295$767$445$47
41 years$3,258$2,025$1,214$707$404$40
42 years$3,145$1,929$1,139$653$366$34
43 years$3,037$1,838$1,069$603$332$29
44 years$2,935$1,752$1,003$557$302$24
45 years$2,837$1,670$942$514$274$21
46 years$2,744$1,593$885$475$249$18
47 years$2,655$1,521$831$439$226$15
48 years$2,570$1,452$781$405$205$13
49 years$2,489$1,386$734$375$186$11
50 years$2,412$1,324$690$346$169$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,470,000, adding $3,404 every year, while hoping to spend $27,641 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: 52/36/12 Blend
68$2,470,000$2,470,000$2,470,000$2,470,000
69$2,725,451$2,594,541$2,556,256$2,858,360
70$2,974,037$2,692,264$2,612,481$3,047,146
71$3,247,053$2,793,849$2,669,663$3,249,118
72$3,546,961$2,899,455$2,727,805$3,468,141
73$3,876,473$3,009,251$2,786,909$3,705,831
74$4,238,579$3,123,410$2,846,976$3,963,969
75$4,636,571$3,242,114$2,908,007$4,244,509
76$5,074,077$3,365,553$2,970,000$4,549,602
77$5,555,092$3,493,925$3,032,954$4,881,612
78$6,084,019$3,627,435$3,096,867$5,243,140
79$6,665,710$3,766,300$3,161,733$5,637,047
80$7,305,509$3,910,745$3,227,547$6,066,479
81$8,009,304$4,061,005$3,294,303$6,534,899
82$8,783,583$4,217,324$3,361,992$7,046,116
83$9,635,494$4,379,959$3,430,604$7,604,323
84$10,572,914$4,549,176$3,500,129$8,214,131
85$11,604,521$4,725,255$3,570,553$8,880,618
86$12,739,876$4,908,487$3,641,860$9,609,372
87$13,989,516$5,099,175$3,714,035$10,406,541
88$15,365,049$5,297,638$3,787,058$11,278,898
89$16,879,268$5,504,206$3,860,909$12,233,894
90$18,546,268$5,719,226$3,935,563$13,279,735
91$20,381,578$5,943,059$4,010,996$14,425,454
92$22,402,314$6,176,084$4,087,178$15,680,996
93$24,627,331$6,418,693$4,164,081$17,057,314
94$27,077,410$6,671,300$4,241,668$18,566,465
95$29,775,447$6,934,335$4,319,905$20,221,729
96$32,746,671$7,208,247$4,398,751$22,037,729
97$36,018,886$7,493,505$4,478,164$24,030,567
98$39,622,727$7,790,601$4,558,096$26,217,980
99$43,591,951$8,100,047$4,638,499$28,619,500
100$47,963,760$8,422,378$4,719,318$31,256,640