Can I retire at age 69 with 2,490,000?

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$205,622$203,790$202,003$200,259$198,556$191,587
2 years$101,793$99,897$98,060$96,278$94,551$87,603
3 years$67,188$65,284$63,451$61,687$59,987$53,278
4 years$49,889$47,991$46,176$44,442$42,783$36,365
5 years$39,512$37,625$35,835$34,135$32,523$26,413
6 years$32,596$30,724$28,960$27,298$25,734$19,936
7 years$27,659$25,802$24,066$22,444$20,929$15,442
8 years$23,957$22,117$20,410$18,827$17,363$12,182
9 years$21,079$19,257$17,579$16,037$14,622$9,741
10 years$18,779$16,974$15,326$13,824$12,458$7,869
11 years$16,898$15,111$13,492$12,031$10,715$6,408
12 years$15,331$13,563$11,974$10,553$9,285$5,250
13 years$14,007$12,257$10,698$9,316$8,097$4,323
14 years$12,872$11,141$9,612$8,270$7,098$3,574
15 years$11,890$10,178$8,679$7,375$6,249$2,965
16 years$11,032$9,338$7,868$6,604$5,523$2,465
17 years$10,275$8,600$7,160$5,934$4,897$2,055
18 years$9,603$7,946$6,536$5,347$4,354$1,716
19 years$9,002$7,365$5,984$4,832$3,881$1,434
20 years$8,463$6,844$5,491$4,376$3,467$1,201
21 years$7,975$6,375$5,051$3,972$3,102$1,006
22 years$7,532$5,950$4,655$3,611$2,781$844
23 years$7,129$5,565$4,298$3,289$2,496$709
24 years$6,759$5,214$3,975$2,999$2,244$595
25 years$6,420$4,893$3,682$2,739$2,019$500
26 years$6,107$4,599$3,415$2,505$1,819$420
27 years$5,818$4,328$3,171$2,293$1,640$353
28 years$5,550$4,078$2,948$2,100$1,479$297
29 years$5,301$3,848$2,743$1,926$1,336$250
30 years$5,069$3,634$2,555$1,768$1,207$210
31 years$4,852$3,435$2,382$1,624$1,091$177
32 years$4,649$3,250$2,223$1,492$987$149
33 years$4,459$3,078$2,075$1,372$893$126
34 years$4,281$2,917$1,939$1,262$809$106
35 years$4,113$2,767$1,813$1,162$733$89
36 years$3,955$2,626$1,696$1,070$664$75
37 years$3,805$2,494$1,587$986$602$63
38 years$3,664$2,370$1,486$909$545$53
39 years$3,531$2,254$1,393$838$495$45
40 years$3,404$2,145$1,305$773$449$38
41 years$3,284$2,041$1,224$713$407$32
42 years$3,170$1,944$1,148$658$369$27
43 years$3,062$1,852$1,077$608$335$23
44 years$2,958$1,766$1,011$561$304$19
45 years$2,860$1,684$950$518$276$16
46 years$2,766$1,606$892$479$251$13
47 years$2,677$1,533$838$442$228$11
48 years$2,591$1,463$787$409$207$10
49 years$2,509$1,397$740$378$188$8
50 years$2,431$1,335$696$349$171$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,490,000, adding $5,907 every year, while hoping to spend $51,091 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: 36/35/29 Blend
68$2,490,000$2,490,000$2,490,000$2,490,000
69$2,750,073$2,618,103$2,579,508$2,824,975
70$2,976,220$2,692,030$2,611,561$2,955,285
71$3,223,722$2,767,866$2,642,976$3,090,842
72$3,494,702$2,845,653$2,673,676$3,236,218
73$3,791,501$2,925,429$2,703,583$3,392,333
74$4,116,694$3,007,234$2,732,613$3,560,199
75$4,473,118$3,091,110$2,760,677$3,740,929
76$4,863,897$3,177,096$2,787,681$3,935,749
77$5,292,474$3,265,233$2,813,527$4,146,011
78$5,762,637$3,355,561$2,838,112$4,373,202
79$6,278,563$3,448,120$2,861,326$4,618,961
80$6,844,850$3,542,951$2,883,053$4,885,091
81$7,466,563$3,640,094$2,903,174$5,173,582
82$8,149,282$3,739,588$2,921,560$5,486,623
83$8,899,154$3,841,473$2,938,077$5,826,628
84$9,722,950$3,945,788$2,952,585$6,196,255
85$10,628,131$4,052,571$2,964,936$6,598,433
86$11,622,912$4,161,859$2,974,974$7,036,390
87$12,716,349$4,273,690$2,982,536$7,513,682
88$13,918,416$4,388,100$2,987,450$8,034,229
89$15,240,101$4,505,123$2,989,535$8,602,348
90$16,693,510$4,624,794$2,988,604$9,222,799
91$18,291,984$4,747,144$2,984,458$9,900,826
92$20,050,217$4,872,205$2,976,888$10,642,209
93$21,984,403$5,000,006$2,965,677$11,453,316
94$24,112,381$5,130,576$2,950,596$12,341,169
95$26,453,808$5,263,938$2,931,406$13,313,501
96$29,030,342$5,400,117$2,907,854$14,378,839
97$31,865,848$5,539,134$2,879,678$15,546,580
98$34,986,619$5,681,006$2,846,602$16,827,079
99$38,421,628$5,825,749$2,808,337$18,231,750
100$42,202,799$5,973,376$2,764,581$19,773,170