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%19.3%
1 years$205,622$203,790$202,003$200,259$198,556$191,131
2 years$101,793$99,897$98,060$96,278$94,551$87,155
3 years$67,188$65,284$63,451$61,687$59,987$52,853
4 years$49,889$47,991$46,176$44,442$42,783$35,966
5 years$39,512$37,625$35,835$34,135$32,523$26,040
6 years$32,596$30,724$28,960$27,298$25,734$19,590
7 years$27,659$25,802$24,066$22,444$20,929$15,122
8 years$23,957$22,117$20,410$18,827$17,363$11,887
9 years$21,079$19,257$17,579$16,037$14,622$9,470
10 years$18,779$16,974$15,326$13,824$12,458$7,622
11 years$16,898$15,111$13,492$12,031$10,715$6,182
12 years$15,331$13,563$11,974$10,553$9,285$5,045
13 years$14,007$12,257$10,698$9,316$8,097$4,137
14 years$12,872$11,141$9,612$8,270$7,098$3,406
15 years$11,890$10,178$8,679$7,375$6,249$2,813
16 years$11,032$9,338$7,868$6,604$5,523$2,329
17 years$10,275$8,600$7,160$5,934$4,897$1,933
18 years$9,603$7,946$6,536$5,347$4,354$1,606
19 years$9,002$7,365$5,984$4,832$3,881$1,337
20 years$8,463$6,844$5,491$4,376$3,467$1,114
21 years$7,975$6,375$5,051$3,972$3,102$929
22 years$7,532$5,950$4,655$3,611$2,781$776
23 years$7,129$5,565$4,298$3,289$2,496$648
24 years$6,759$5,214$3,975$2,999$2,244$542
25 years$6,420$4,893$3,682$2,739$2,019$453
26 years$6,107$4,599$3,415$2,505$1,819$379
27 years$5,818$4,328$3,171$2,293$1,640$317
28 years$5,550$4,078$2,948$2,100$1,479$266
29 years$5,301$3,848$2,743$1,926$1,336$222
30 years$5,069$3,634$2,555$1,768$1,207$186
31 years$4,852$3,435$2,382$1,624$1,091$156
32 years$4,649$3,250$2,223$1,492$987$131
33 years$4,459$3,078$2,075$1,372$893$109
34 years$4,281$2,917$1,939$1,262$809$92
35 years$4,113$2,767$1,813$1,162$733$77
36 years$3,955$2,626$1,696$1,070$664$64
37 years$3,805$2,494$1,587$986$602$54
38 years$3,664$2,370$1,486$909$545$45
39 years$3,531$2,254$1,393$838$495$38
40 years$3,404$2,145$1,305$773$449$32
41 years$3,284$2,041$1,224$713$407$27
42 years$3,170$1,944$1,148$658$369$22
43 years$3,062$1,852$1,077$608$335$19
44 years$2,958$1,766$1,011$561$304$16
45 years$2,860$1,684$950$518$276$13
46 years$2,766$1,606$892$479$251$11
47 years$2,677$1,533$838$442$228$9
48 years$2,591$1,463$787$409$207$8
49 years$2,509$1,397$740$378$188$6
50 years$2,431$1,335$696$349$171$5

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 $5,311 every year, while hoping to spend $46,184 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: 59/11/30 Blend
68$2,490,000$2,490,000$2,490,000$2,490,000
69$2,749,458$2,617,488$2,578,893$2,888,846
70$2,980,764$2,696,606$2,616,147$3,064,046
71$3,234,114$2,778,052$2,653,100$3,249,743
72$3,511,710$2,861,893$2,689,695$3,451,371
73$3,815,973$2,948,195$2,725,869$3,670,496
74$4,149,573$3,037,026$2,761,556$3,908,839
75$4,515,447$3,128,459$2,796,686$4,168,298
76$4,916,833$3,222,564$2,831,186$4,450,963
77$5,357,296$3,319,415$2,864,976$4,759,137
78$5,840,763$3,419,089$2,897,976$5,095,356
79$6,371,560$3,521,663$2,930,097$5,462,414
80$6,954,452$3,627,218$2,961,248$5,863,392
81$7,594,688$3,735,833$2,991,331$6,301,681
82$8,298,051$3,847,594$3,020,246$6,781,019
83$9,070,911$3,962,585$3,047,883$7,305,525
84$9,920,286$4,080,894$3,074,129$7,879,736
85$10,853,908$4,202,610$3,098,865$8,508,653
86$11,880,295$4,327,826$3,121,966$9,197,787
87$13,008,831$4,456,636$3,143,297$9,953,208
88$14,249,854$4,589,134$3,162,721$10,781,606
89$15,614,758$4,725,419$3,180,090$11,690,355
90$17,116,090$4,865,593$3,195,250$12,687,577
91$18,767,681$5,009,756$3,208,041$13,782,227
92$20,584,765$5,158,015$3,218,291$14,984,169
93$22,584,129$5,310,476$3,225,822$16,304,274
94$24,784,270$5,467,248$3,230,446$17,754,524
95$27,205,566$5,628,444$3,231,967$19,348,121
96$29,870,474$5,794,178$3,230,177$21,099,614
97$32,803,735$5,964,566$3,224,861$23,025,037
98$36,032,613$6,139,726$3,215,791$25,142,059
99$39,587,148$6,319,781$3,202,728$27,470,151
100$43,500,440$6,504,853$3,185,423$30,030,773