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

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 $2,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$204,796$202,972$201,192$199,455$197,759$196,266
2 years$101,384$99,496$97,666$95,892$94,171$92,666
3 years$66,918$65,022$63,196$61,439$59,746$58,275
4 years$49,688$47,798$45,991$44,263$42,611$41,186
5 years$39,353$37,474$35,691$33,998$32,392$31,017
6 years$32,465$30,600$28,843$27,189$25,631$24,307
7 years$27,548$25,698$23,969$22,353$20,845$19,574
8 years$23,861$22,028$20,328$18,752$17,293$16,074
9 years$20,995$19,179$17,508$15,972$14,563$13,396
10 years$18,703$16,906$15,264$13,768$12,408$11,293
11 years$16,830$15,050$13,438$11,983$10,672$9,606
12 years$15,270$13,508$11,926$10,510$9,248$8,232
13 years$13,950$12,207$10,655$9,279$8,064$7,097
14 years$12,821$11,096$9,574$8,237$7,069$6,149
15 years$11,842$10,137$8,644$7,346$6,224$5,350
16 years$10,987$9,300$7,837$6,577$5,501$4,672
17 years$10,234$8,565$7,131$5,910$4,878$4,091
18 years$9,564$7,915$6,510$5,326$4,337$3,593
19 years$8,966$7,335$5,959$4,812$3,866$3,162
20 years$8,429$6,816$5,469$4,359$3,453$2,788
21 years$7,943$6,349$5,031$3,956$3,090$2,462
22 years$7,502$5,927$4,637$3,597$2,770$2,178
23 years$7,100$5,543$4,281$3,275$2,486$1,929
24 years$6,732$5,193$3,959$2,987$2,235$1,710
25 years$6,394$4,874$3,667$2,728$2,011$1,518
26 years$6,082$4,581$3,401$2,495$1,811$1,348
27 years$5,794$4,311$3,158$2,283$1,633$1,199
28 years$5,527$4,062$2,936$2,092$1,474$1,066
29 years$5,279$3,832$2,732$1,918$1,331$949
30 years$5,048$3,619$2,545$1,761$1,202$845
31 years$4,832$3,421$2,373$1,617$1,087$753
32 years$4,631$3,237$2,214$1,486$983$671
33 years$4,441$3,066$2,067$1,367$890$599
34 years$4,264$2,905$1,931$1,257$806$534
35 years$4,096$2,756$1,805$1,157$730$477
36 years$3,939$2,616$1,689$1,066$661$425
37 years$3,790$2,484$1,581$982$599$380
38 years$3,650$2,361$1,480$905$543$339
39 years$3,517$2,245$1,387$835$493$303
40 years$3,391$2,136$1,300$770$447$270
41 years$3,271$2,033$1,219$710$405$242
42 years$3,157$1,936$1,143$656$368$216
43 years$3,049$1,845$1,073$605$334$193
44 years$2,947$1,759$1,007$559$303$172
45 years$2,849$1,677$946$516$275$154
46 years$2,755$1,600$888$477$250$138
47 years$2,666$1,527$834$440$227$123
48 years$2,581$1,457$784$407$206$110
49 years$2,499$1,392$737$376$187$98
50 years$2,421$1,330$693$348$170$88

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 $2,730 every year, while hoping to spend $53,778 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: 46/44/10 Blend
68$2,480,000$2,480,000$2,480,000$2,480,000
69$2,735,776$2,604,336$2,565,896$2,853,860
70$2,957,606$2,674,729$2,594,634$3,006,083
71$3,200,260$2,746,769$2,622,533$3,165,353
72$3,465,805$2,820,480$2,649,506$3,336,906
73$3,756,519$2,895,885$2,675,466$3,521,899
74$4,074,907$2,973,006$2,700,317$3,721,603
75$4,423,730$3,051,866$2,723,961$3,937,417
76$4,806,028$3,132,485$2,746,291$4,170,882
77$5,225,150$3,214,884$2,767,199$4,423,691
78$5,684,783$3,299,081$2,786,568$4,697,713
79$6,188,988$3,385,093$2,804,275$4,995,001
80$6,742,239$3,472,937$2,820,193$5,317,816
81$7,349,465$3,562,628$2,834,186$5,668,652
82$8,016,092$3,654,179$2,846,113$6,050,249
83$8,748,100$3,747,600$2,855,825$6,465,629
84$9,552,075$3,842,901$2,863,164$6,918,120
85$10,435,274$3,940,090$2,867,967$7,411,386
86$11,405,688$4,039,171$2,870,060$7,949,463
87$12,472,125$4,140,147$2,869,263$8,536,797
88$13,644,284$4,243,017$2,865,386$9,178,288
89$14,932,853$4,347,777$2,858,229$9,879,329
90$16,349,608$4,454,422$2,847,583$10,645,866
91$17,907,519$4,562,940$2,833,229$11,484,448
92$19,620,881$4,673,319$2,814,937$12,402,290
93$21,505,440$4,785,541$2,792,466$13,407,341
94$23,578,546$4,899,583$2,765,565$14,508,361
95$25,859,314$5,015,419$2,733,967$15,715,000
96$28,368,806$5,133,017$2,697,398$17,037,892
97$31,130,230$5,252,341$2,655,567$18,488,755
98$34,169,156$5,373,347$2,608,170$20,080,499
99$37,513,756$5,495,987$2,554,890$21,827,352
100$41,195,075$5,620,206$2,495,395$23,744,990