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

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 $2,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$206,448$204,609$202,815$201,063$199,354$193,671
2 years$102,202$100,298$98,454$96,665$94,930$89,249
3 years$67,458$65,546$63,706$61,934$60,228$54,726
4 years$50,089$48,183$46,362$44,620$42,955$37,675
5 years$39,671$37,776$35,979$34,273$32,654$27,610
6 years$32,727$30,847$29,076$27,408$25,838$21,036
7 years$27,770$25,905$24,162$22,534$21,013$16,452
8 years$24,053$22,206$20,492$18,903$17,432$13,110
9 years$21,164$19,334$17,649$16,101$14,680$10,592
10 years$18,854$17,042$15,387$13,879$12,509$8,649
11 years$16,965$15,172$13,547$12,079$10,758$7,120
12 years$15,393$13,617$12,022$10,595$9,322$5,900
13 years$14,063$12,306$10,741$9,354$8,129$4,915
14 years$12,924$11,186$9,651$8,303$7,126$4,112
15 years$11,938$10,218$8,713$7,405$6,274$3,452
16 years$11,076$9,375$7,900$6,630$5,545$2,906
17 years$10,316$8,634$7,189$5,957$4,917$2,452
18 years$9,642$7,978$6,562$5,369$4,372$2,073
19 years$9,039$7,394$6,008$4,851$3,897$1,756
20 years$8,497$6,871$5,513$4,394$3,481$1,489
21 years$8,007$6,400$5,071$3,988$3,115$1,265
22 years$7,562$5,974$4,674$3,626$2,792$1,075
23 years$7,157$5,588$4,316$3,302$2,506$914
24 years$6,786$5,235$3,991$3,012$2,253$778
25 years$6,445$4,913$3,697$2,750$2,027$663
26 years$6,131$4,617$3,428$2,515$1,826$565
27 years$5,841$4,346$3,184$2,302$1,646$482
28 years$5,572$4,095$2,960$2,109$1,485$411
29 years$5,322$3,863$2,754$1,934$1,341$351
30 years$5,089$3,648$2,565$1,775$1,212$299
31 years$4,871$3,449$2,392$1,630$1,096$255
32 years$4,668$3,263$2,231$1,498$991$218
33 years$4,477$3,090$2,084$1,378$897$186
34 years$4,298$2,929$1,947$1,268$812$159
35 years$4,129$2,778$1,820$1,167$736$136
36 years$3,971$2,637$1,703$1,075$666$116
37 years$3,821$2,504$1,594$990$604$99
38 years$3,679$2,380$1,492$913$548$85
39 years$3,545$2,263$1,398$841$497$72
40 years$3,418$2,153$1,310$776$450$62
41 years$3,297$2,050$1,229$716$409$53
42 years$3,183$1,952$1,153$661$371$45
43 years$3,074$1,860$1,082$610$337$39
44 years$2,970$1,773$1,015$563$305$33
45 years$2,872$1,691$953$520$277$28
46 years$2,777$1,613$895$481$252$24
47 years$2,688$1,539$841$444$229$21
48 years$2,602$1,469$791$410$208$18
49 years$2,519$1,403$743$379$189$15
50 years$2,441$1,340$699$350$171$13

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 $6,586 every year, while hoping to spend $40,209 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: 57/31/12 Blend
68$2,500,000$2,500,000$2,500,000$2,500,000
69$2,761,793$2,629,293$2,590,543$2,910,567
70$3,000,714$2,715,347$2,634,545$3,097,918
71$3,262,657$2,804,269$2,678,672$3,296,948
72$3,549,929$2,896,158$2,722,888$3,512,868
73$3,865,068$2,991,117$2,767,151$3,747,299
74$4,210,872$3,089,249$2,811,418$4,002,028
75$4,590,423$3,190,663$2,855,642$4,279,021
76$5,007,114$3,295,474$2,899,774$4,580,440
77$5,464,684$3,403,797$2,943,761$4,908,664
78$5,967,252$3,515,753$2,987,547$5,266,314
79$6,519,355$3,631,468$3,031,074$5,656,273
80$7,125,991$3,751,072$3,074,276$6,081,715
81$7,792,666$3,874,699$3,117,088$6,546,134
82$8,525,447$4,002,487$3,159,439$7,053,378
83$9,331,015$4,134,582$3,201,254$7,607,681
84$10,216,735$4,271,133$3,242,452$8,213,707
85$11,190,718$4,412,295$3,282,950$8,876,593
86$12,261,902$4,558,227$3,322,659$9,601,992
87$13,440,132$4,709,097$3,361,485$10,396,134
88$14,736,259$4,865,076$3,399,328$11,265,876
89$16,162,236$5,026,343$3,436,084$12,218,772
90$17,731,232$5,193,083$3,471,641$13,263,141
91$19,457,761$5,365,487$3,505,884$14,408,148
92$21,357,811$5,543,754$3,538,690$15,663,884
93$23,449,000$5,728,090$3,569,928$17,041,468
94$25,750,739$5,918,708$3,599,462$18,553,145
95$28,284,420$6,115,829$3,627,149$20,212,406
96$31,073,609$6,319,684$3,652,837$22,034,112
97$34,144,278$6,530,509$3,676,368$24,034,631
98$37,525,041$6,748,551$3,697,573$26,232,000
99$41,247,431$6,974,065$3,716,277$28,646,085
100$45,346,192$7,207,317$3,732,295$31,298,774