Can I retire at age 69 with 2,510,000?

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$207,273$205,427$203,626$201,868$200,151$198,308
2 years$102,611$100,700$98,848$97,052$95,310$93,454
3 years$67,728$65,808$63,961$62,182$60,469$58,656
4 years$50,289$48,376$46,547$44,799$43,127$41,372
5 years$39,829$37,927$36,122$34,410$32,784$31,092
6 years$32,858$30,971$29,192$27,518$25,941$24,314
7 years$27,881$26,009$24,259$22,624$21,097$19,535
8 years$24,149$22,295$20,574$18,979$17,502$16,006
9 years$21,249$19,411$17,720$16,166$14,739$13,308
10 years$18,930$17,110$15,449$13,935$12,559$11,192
11 years$17,033$15,232$13,601$12,127$10,801$9,497
12 years$15,454$13,672$12,070$10,637$9,360$8,118
13 years$14,119$12,355$10,784$9,391$8,162$6,981
14 years$12,976$11,230$9,690$8,337$7,155$6,032
15 years$11,986$10,259$8,748$7,435$6,300$5,234
16 years$11,120$9,413$7,932$6,657$5,568$4,558
17 years$10,357$8,669$7,217$5,981$4,937$3,981
18 years$9,680$8,010$6,589$5,390$4,389$3,486
19 years$9,075$7,424$6,032$4,871$3,912$3,059
20 years$8,531$6,899$5,535$4,411$3,495$2,689
21 years$8,039$6,426$5,092$4,003$3,127$2,368
22 years$7,593$5,998$4,693$3,640$2,803$2,088
23 years$7,186$5,610$4,333$3,315$2,516$1,844
24 years$6,813$5,256$4,007$3,024$2,262$1,630
25 years$6,471$4,933$3,711$2,761$2,035$1,442
26 years$6,156$4,636$3,442$2,525$1,833$1,277
27 years$5,864$4,363$3,196$2,311$1,653$1,132
28 years$5,594$4,111$2,971$2,117$1,491$1,004
29 years$5,343$3,878$2,765$1,942$1,347$890
30 years$5,109$3,663$2,576$1,782$1,217$790
31 years$4,891$3,463$2,401$1,637$1,100$702
32 years$4,687$3,276$2,240$1,504$995$624
33 years$4,495$3,103$2,092$1,383$901$554
34 years$4,315$2,941$1,954$1,273$815$493
35 years$4,146$2,789$1,827$1,171$738$438
36 years$3,986$2,647$1,709$1,079$669$390
37 years$3,836$2,514$1,600$994$606$347
38 years$3,694$2,390$1,498$916$550$309
39 years$3,559$2,272$1,404$845$499$275
40 years$3,432$2,162$1,316$779$452$245
41 years$3,311$2,058$1,234$719$410$218
42 years$3,196$1,960$1,157$664$372$194
43 years$3,086$1,867$1,086$612$338$173
44 years$2,982$1,780$1,019$566$307$154
45 years$2,883$1,697$957$522$278$137
46 years$2,789$1,619$899$482$253$122
47 years$2,698$1,545$845$446$230$109
48 years$2,612$1,475$794$412$208$97
49 years$2,530$1,409$746$381$189$86
50 years$2,451$1,346$701$352$172$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,510,000, adding $3,493 every year, while hoping to spend $29,770 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: 24/50/26 Blend
68$2,510,000$2,510,000$2,510,000$2,510,000
69$2,769,623$2,636,593$2,597,688$2,813,220
70$3,020,450$2,734,111$2,653,036$2,947,614
71$3,295,863$2,835,410$2,709,239$3,088,747
72$3,598,339$2,940,643$2,766,297$3,239,332
73$3,930,605$3,049,971$2,824,204$3,400,174
74$4,295,669$3,163,560$2,882,956$3,572,154
75$4,696,839$3,281,587$2,942,547$3,756,238
76$5,137,763$3,404,231$3,002,969$3,953,484
77$5,622,459$3,531,683$3,064,213$4,165,051
78$6,155,355$3,664,141$3,126,270$4,392,212
79$6,741,328$3,801,810$3,189,126$4,636,362
80$7,385,751$3,944,906$3,252,769$4,899,030
81$8,094,544$4,093,653$3,317,184$5,181,897
82$8,874,231$4,248,286$3,382,353$5,486,806
83$9,731,998$4,409,048$3,448,257$5,815,780
84$10,675,765$4,576,193$3,514,877$6,171,043
85$11,714,255$4,749,989$3,582,187$6,555,035
86$12,857,082$4,930,712$3,650,164$6,970,437
87$14,114,839$5,118,652$3,718,779$7,420,195
88$15,499,197$5,314,110$3,788,002$7,907,546
89$17,023,016$5,517,402$3,857,801$8,436,048
90$18,700,465$5,728,856$3,928,139$9,009,612
91$20,547,159$5,948,816$3,998,978$9,632,537
92$22,580,302$6,177,641$4,070,277$10,309,550
93$24,818,852$6,415,704$4,141,990$11,045,850
94$27,283,697$6,663,397$4,214,069$11,847,153
95$29,997,856$6,921,125$4,286,463$12,719,746
96$32,986,693$7,189,316$4,359,115$13,670,547
97$36,278,157$7,468,414$4,431,966$14,707,165
98$39,903,045$7,758,882$4,504,953$15,837,971
99$43,895,294$8,061,205$4,578,007$17,072,177
100$48,292,299$8,375,889$4,651,055$18,419,920