Can I retire at age 69 with 2,500,000?

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 $2,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$206,448$204,609$202,815$201,063$199,354$197,601
2 years$102,202$100,298$98,454$96,665$94,930$93,164
3 years$67,458$65,546$63,706$61,934$60,228$58,503
4 years$50,089$48,183$46,362$44,620$42,955$41,284
5 years$39,671$37,776$35,979$34,273$32,654$31,043
6 years$32,727$30,847$29,076$27,408$25,838$24,288
7 years$27,770$25,905$24,162$22,534$21,013$19,526
8 years$24,053$22,206$20,492$18,903$17,432$16,007
9 years$21,164$19,334$17,649$16,101$14,680$13,317
10 years$18,854$17,042$15,387$13,879$12,509$11,206
11 years$16,965$15,172$13,547$12,079$10,758$9,515
12 years$15,393$13,617$12,022$10,595$9,322$8,138
13 years$14,063$12,306$10,741$9,354$8,129$7,003
14 years$12,924$11,186$9,651$8,303$7,126$6,055
15 years$11,938$10,218$8,713$7,405$6,274$5,258
16 years$11,076$9,375$7,900$6,630$5,545$4,582
17 years$10,316$8,634$7,189$5,957$4,917$4,004
18 years$9,642$7,978$6,562$5,369$4,372$3,509
19 years$9,039$7,394$6,008$4,851$3,897$3,081
20 years$8,497$6,871$5,513$4,394$3,481$2,711
21 years$8,007$6,400$5,071$3,988$3,115$2,389
22 years$7,562$5,974$4,674$3,626$2,792$2,108
23 years$7,157$5,588$4,316$3,302$2,506$1,863
24 years$6,786$5,235$3,991$3,012$2,253$1,648
25 years$6,445$4,913$3,697$2,750$2,027$1,459
26 years$6,131$4,617$3,428$2,515$1,826$1,293
27 years$5,841$4,346$3,184$2,302$1,646$1,147
28 years$5,572$4,095$2,960$2,109$1,485$1,018
29 years$5,322$3,863$2,754$1,934$1,341$904
30 years$5,089$3,648$2,565$1,775$1,212$803
31 years$4,871$3,449$2,392$1,630$1,096$714
32 years$4,668$3,263$2,231$1,498$991$635
33 years$4,477$3,090$2,084$1,378$897$565
34 years$4,298$2,929$1,947$1,268$812$502
35 years$4,129$2,778$1,820$1,167$736$447
36 years$3,971$2,637$1,703$1,075$666$398
37 years$3,821$2,504$1,594$990$604$354
38 years$3,679$2,380$1,492$913$548$316
39 years$3,545$2,263$1,398$841$497$281
40 years$3,418$2,153$1,310$776$450$251
41 years$3,297$2,050$1,229$716$409$223
42 years$3,183$1,952$1,153$661$371$199
43 years$3,074$1,860$1,082$610$337$177
44 years$2,970$1,773$1,015$563$305$158
45 years$2,872$1,691$953$520$277$141
46 years$2,777$1,613$895$481$252$126
47 years$2,688$1,539$841$444$229$112
48 years$2,602$1,469$791$410$208$100
49 years$2,519$1,403$743$379$189$89
50 years$2,441$1,340$699$350$171$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,500,000, adding $3,303 every year, while hoping to spend $49,427 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: 40/48/12 Blend
68$2,500,000$2,500,000$2,500,000$2,500,000
69$2,758,407$2,625,907$2,587,157$2,858,729
70$2,987,175$2,701,987$2,621,237$3,005,931
71$3,237,620$2,780,137$2,654,802$3,159,953
72$3,511,902$2,860,409$2,687,782$3,325,482
73$3,812,398$2,942,851$2,720,105$3,503,581
74$4,141,727$3,027,515$2,751,693$3,695,421
75$4,502,771$3,114,451$2,782,463$3,902,288
76$4,898,708$3,203,714$2,812,330$4,125,599
77$5,333,035$3,295,354$2,841,201$4,366,910
78$5,809,605$3,389,427$2,868,982$4,627,936
79$6,332,662$3,485,987$2,895,571$4,910,561
80$6,906,881$3,585,088$2,920,860$5,216,862
81$7,537,412$3,686,785$2,944,737$5,549,123
82$8,229,926$3,791,136$2,967,084$5,909,857
83$8,990,674$3,898,197$2,987,776$6,301,832
84$9,826,538$4,008,024$3,006,683$6,728,095
85$10,745,103$4,120,676$3,023,665$7,192,002
86$11,754,724$4,236,210$3,038,578$7,697,246
87$12,864,606$4,354,683$3,051,270$8,247,896
88$14,084,889$4,476,156$3,061,581$8,848,431
89$15,426,745$4,600,685$3,069,341$9,503,785
90$16,902,485$4,728,330$3,074,376$10,219,391
91$18,525,669$4,859,150$3,076,499$11,001,235
92$20,311,242$4,993,202$3,075,515$11,855,908
93$22,275,665$5,130,546$3,071,222$12,790,673
94$24,437,078$5,271,238$3,063,403$13,813,527
95$26,815,469$5,415,337$3,051,836$14,933,282
96$29,432,858$5,562,900$3,036,284$16,159,645
97$32,313,511$5,713,984$3,016,501$17,503,310
98$35,484,163$5,868,643$2,992,227$18,976,059
99$38,974,274$6,026,933$2,963,193$20,590,871
100$42,816,304$6,188,906$2,929,114$22,362,046