Can I retire at age 69 with 2,480,000?

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 $2,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$204,796$202,972$201,192$199,455$197,759$191,582
2 years$101,384$99,496$97,666$95,892$94,171$88,003
3 years$66,918$65,022$63,196$61,439$59,746$53,780
4 years$49,688$47,798$45,991$44,263$42,611$36,893
5 years$39,353$37,474$35,691$33,998$32,392$26,938
6 years$32,465$30,600$28,843$27,189$25,631$20,444
7 years$27,548$25,698$23,969$22,353$20,845$15,926
8 years$23,861$22,028$20,328$18,752$17,293$12,638
9 years$20,995$19,179$17,508$15,972$14,563$10,168
10 years$18,703$16,906$15,264$13,768$12,408$8,266
11 years$16,830$15,050$13,438$11,983$10,672$6,775
12 years$15,270$13,508$11,926$10,510$9,248$5,588
13 years$13,950$12,207$10,655$9,279$8,064$4,633
14 years$12,821$11,096$9,574$8,237$7,069$3,857
15 years$11,842$10,137$8,644$7,346$6,224$3,222
16 years$10,987$9,300$7,837$6,577$5,501$2,699
17 years$10,234$8,565$7,131$5,910$4,878$2,266
18 years$9,564$7,915$6,510$5,326$4,337$1,906
19 years$8,966$7,335$5,959$4,812$3,866$1,606
20 years$8,429$6,816$5,469$4,359$3,453$1,355
21 years$7,943$6,349$5,031$3,956$3,090$1,144
22 years$7,502$5,927$4,637$3,597$2,770$967
23 years$7,100$5,543$4,281$3,275$2,486$818
24 years$6,732$5,193$3,959$2,987$2,235$693
25 years$6,394$4,874$3,667$2,728$2,011$587
26 years$6,082$4,581$3,401$2,495$1,811$497
27 years$5,794$4,311$3,158$2,283$1,633$421
28 years$5,527$4,062$2,936$2,092$1,474$357
29 years$5,279$3,832$2,732$1,918$1,331$303
30 years$5,048$3,619$2,545$1,761$1,202$257
31 years$4,832$3,421$2,373$1,617$1,087$218
32 years$4,631$3,237$2,214$1,486$983$185
33 years$4,441$3,066$2,067$1,367$890$157
34 years$4,264$2,905$1,931$1,257$806$134
35 years$4,096$2,756$1,805$1,157$730$113
36 years$3,939$2,616$1,689$1,066$661$96
37 years$3,790$2,484$1,581$982$599$82
38 years$3,650$2,361$1,480$905$543$69
39 years$3,517$2,245$1,387$835$493$59
40 years$3,391$2,136$1,300$770$447$50
41 years$3,271$2,033$1,219$710$405$43
42 years$3,157$1,936$1,143$656$368$36
43 years$3,049$1,845$1,073$605$334$31
44 years$2,947$1,759$1,007$559$303$26
45 years$2,849$1,677$946$516$275$22
46 years$2,755$1,600$888$477$250$19
47 years$2,666$1,527$834$440$227$16
48 years$2,581$1,457$784$407$206$14
49 years$2,499$1,392$737$376$187$12
50 years$2,421$1,330$693$348$170$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,480,000, adding $6,695 every year, while hoping to spend $20,893 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: 52/40/8 Blend
68$2,480,000$2,480,000$2,480,000$2,480,000
69$2,739,866$2,608,426$2,569,986$2,876,515
70$2,997,102$2,714,009$2,633,850$3,075,699
71$3,279,876$2,824,065$2,699,154$3,289,371
72$3,590,771$2,938,792$2,765,923$3,521,241
73$3,932,632$3,058,395$2,834,184$3,773,026
74$4,308,595$3,183,090$2,903,963$4,046,617
75$4,722,113$3,313,103$2,975,287$4,344,089
76$5,176,991$3,448,668$3,048,183$4,667,725
77$5,677,425$3,590,033$3,122,677$5,020,032
78$6,228,032$3,737,454$3,198,796$5,403,770
79$6,833,904$3,891,202$3,276,569$5,821,969
80$7,500,649$4,051,558$3,356,020$6,277,964
81$8,234,447$4,218,816$3,437,179$6,775,424
82$9,042,107$4,393,285$3,520,072$7,318,380
83$9,931,133$4,575,287$3,604,725$7,911,272
84$10,909,792$4,765,159$3,691,166$8,558,978
85$11,987,193$4,963,254$3,779,423$9,266,871
86$13,173,373$5,169,941$3,869,520$10,040,859
87$14,479,394$5,385,605$3,961,486$10,887,444
88$15,917,443$5,610,650$4,055,346$11,813,782
89$17,500,949$5,845,498$4,151,127$12,827,749
90$19,244,710$6,090,592$4,248,854$13,938,010
91$21,165,033$6,346,394$4,348,553$15,154,107
92$23,279,886$6,613,386$4,450,249$16,486,542
93$25,609,068$6,892,076$4,553,966$17,946,874
94$28,174,398$7,182,993$4,659,729$19,547,832
95$30,999,917$7,486,690$4,767,561$21,303,425
96$34,112,119$7,803,748$4,877,484$23,229,082
97$37,540,197$8,134,774$4,989,522$25,341,788
98$41,316,322$8,480,402$5,103,695$27,660,245
99$45,475,942$8,841,297$5,220,025$30,205,049
100$50,058,122$9,218,155$5,338,530$32,998,879