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

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$207,273$205,427$203,626$201,868$200,151$194,445
2 years$102,611$100,700$98,848$97,052$95,310$89,606
3 years$67,728$65,808$63,961$62,182$60,469$54,945
4 years$50,289$48,376$46,547$44,799$43,127$37,826
5 years$39,829$37,927$36,122$34,410$32,784$27,721
6 years$32,858$30,971$29,192$27,518$25,941$21,120
7 years$27,881$26,009$24,259$22,624$21,097$16,518
8 years$24,149$22,295$20,574$18,979$17,502$13,162
9 years$21,249$19,411$17,720$16,166$14,739$10,634
10 years$18,930$17,110$15,449$13,935$12,559$8,683
11 years$17,033$15,232$13,601$12,127$10,801$7,149
12 years$15,454$13,672$12,070$10,637$9,360$5,924
13 years$14,119$12,355$10,784$9,391$8,162$4,935
14 years$12,976$11,230$9,690$8,337$7,155$4,128
15 years$11,986$10,259$8,748$7,435$6,300$3,465
16 years$11,120$9,413$7,932$6,657$5,568$2,917
17 years$10,357$8,669$7,217$5,981$4,937$2,462
18 years$9,680$8,010$6,589$5,390$4,389$2,082
19 years$9,075$7,424$6,032$4,871$3,912$1,763
20 years$8,531$6,899$5,535$4,411$3,495$1,495
21 years$8,039$6,426$5,092$4,003$3,127$1,270
22 years$7,593$5,998$4,693$3,640$2,803$1,079
23 years$7,186$5,610$4,333$3,315$2,516$918
24 years$6,813$5,256$4,007$3,024$2,262$782
25 years$6,471$4,933$3,711$2,761$2,035$666
26 years$6,156$4,636$3,442$2,525$1,833$567
27 years$5,864$4,363$3,196$2,311$1,653$484
28 years$5,594$4,111$2,971$2,117$1,491$413
29 years$5,343$3,878$2,765$1,942$1,347$352
30 years$5,109$3,663$2,576$1,782$1,217$300
31 years$4,891$3,463$2,401$1,637$1,100$256
32 years$4,687$3,276$2,240$1,504$995$219
33 years$4,495$3,103$2,092$1,383$901$187
34 years$4,315$2,941$1,954$1,273$815$160
35 years$4,146$2,789$1,827$1,171$738$136
36 years$3,986$2,647$1,709$1,079$669$116
37 years$3,836$2,514$1,600$994$606$99
38 years$3,694$2,390$1,498$916$550$85
39 years$3,559$2,272$1,404$845$499$73
40 years$3,432$2,162$1,316$779$452$62
41 years$3,311$2,058$1,234$719$410$53
42 years$3,196$1,960$1,157$664$372$45
43 years$3,086$1,867$1,086$612$338$39
44 years$2,982$1,780$1,019$566$307$33
45 years$2,883$1,697$957$522$278$28
46 years$2,789$1,619$899$482$253$24
47 years$2,698$1,545$845$446$230$21
48 years$2,612$1,475$794$412$208$18
49 years$2,530$1,409$746$381$189$15
50 years$2,451$1,346$701$352$172$13

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 $3,900 every year, while hoping to spend $41,179 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: 66/9/25 Blend
68$2,510,000$2,510,000$2,510,000$2,510,000
69$2,770,043$2,637,013$2,598,108$2,934,632
70$3,008,773$2,722,412$2,641,330$3,131,327
71$3,270,474$2,810,616$2,684,621$3,341,290
72$3,557,444$2,901,719$2,727,937$3,569,917
73$3,872,217$2,995,816$2,771,237$3,819,046
74$4,217,582$3,093,010$2,814,472$4,090,705
75$4,596,612$3,193,404$2,857,594$4,387,126
76$5,012,691$3,297,106$2,900,548$4,710,767
77$5,469,548$3,404,227$2,943,279$5,064,335
78$5,971,290$3,514,881$2,985,726$5,450,813
79$6,522,440$3,629,189$3,027,827$5,873,487
80$7,127,983$3,747,274$3,069,513$6,335,976
81$7,793,410$3,869,263$3,110,714$6,842,267
82$8,524,769$3,995,288$3,151,354$7,396,753
83$9,328,724$4,125,485$3,191,353$8,004,273
84$10,212,616$4,259,997$3,230,627$8,670,158
85$11,184,536$4,398,970$3,269,085$9,400,282
86$12,253,394$4,542,554$3,306,635$10,201,117
87$13,429,008$4,690,907$3,343,175$11,079,794
88$14,722,196$4,844,191$3,378,601$12,044,167
89$16,144,878$5,002,574$3,412,802$13,102,895
90$17,710,185$5,166,230$3,445,660$14,265,514
91$19,432,587$5,335,339$3,477,053$15,542,534
92$21,328,028$5,510,087$3,506,851$16,945,535
93$23,414,072$5,690,667$3,534,916$18,487,275
94$25,710,077$5,877,279$3,561,105$20,181,816
95$28,237,369$6,070,129$3,585,266$22,044,648
96$31,019,448$6,269,433$3,607,240$24,092,843
97$34,082,207$6,475,411$3,626,858$26,345,213
98$37,454,180$6,688,294$3,643,946$28,822,484
99$41,166,804$6,908,319$3,658,316$31,547,499
100$45,254,724$7,135,732$3,669,776$34,545,428