Can I retire at age 69 with 2,520,000?

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 $2,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$208,099$206,246$204,437$202,672$200,948$199,849
2 years$103,019$101,101$99,241$97,438$95,690$94,581
3 years$67,997$66,070$64,216$62,430$60,709$59,625
4 years$50,490$48,569$46,733$44,977$43,299$42,247
5 years$39,988$38,079$36,266$34,547$32,915$31,899
6 years$32,989$31,094$29,309$27,627$26,044$25,066
7 years$27,992$26,113$24,356$22,714$21,181$20,240
8 years$24,246$22,383$20,655$19,054$17,572$16,668
9 years$21,333$19,489$17,791$16,230$14,798$13,932
10 years$19,005$17,178$15,510$13,990$12,609$11,780
11 years$17,101$15,293$13,655$12,176$10,844$10,051
12 years$15,516$13,726$12,118$10,680$9,397$8,641
13 years$14,175$12,404$10,827$9,429$8,194$7,473
14 years$13,027$11,275$9,728$8,370$7,183$6,496
15 years$12,033$10,300$8,783$7,464$6,325$5,671
16 years$11,165$9,450$7,963$6,683$5,590$4,968
17 years$10,399$8,703$7,246$6,005$4,956$4,366
18 years$9,719$8,042$6,615$5,412$4,407$3,848
19 years$9,111$7,453$6,056$4,890$3,928$3,398
20 years$8,565$6,926$5,558$4,429$3,508$3,007
21 years$8,071$6,451$5,112$4,019$3,140$2,666
22 years$7,623$6,022$4,711$3,655$2,814$2,367
23 years$7,214$5,632$4,350$3,328$2,526$2,104
24 years$6,840$5,277$4,023$3,036$2,271$1,873
25 years$6,497$4,952$3,726$2,772$2,043$1,669
26 years$6,180$4,654$3,456$2,535$1,840$1,488
27 years$5,888$4,380$3,209$2,320$1,659$1,328
28 years$5,617$4,128$2,983$2,126$1,497$1,186
29 years$5,364$3,894$2,776$1,949$1,352$1,060
30 years$5,130$3,677$2,586$1,789$1,222$948
31 years$4,910$3,476$2,411$1,643$1,104$848
32 years$4,705$3,289$2,249$1,510$999$759
33 years$4,513$3,115$2,100$1,389$904$680
34 years$4,332$2,952$1,962$1,278$819$609
35 years$4,162$2,800$1,835$1,176$741$546
36 years$4,002$2,658$1,716$1,083$672$489
37 years$3,851$2,524$1,606$998$609$438
38 years$3,708$2,399$1,504$920$552$393
39 years$3,573$2,281$1,409$848$501$353
40 years$3,445$2,170$1,321$782$454$316
41 years$3,324$2,066$1,239$722$412$284
42 years$3,208$1,968$1,162$666$374$255
43 years$3,099$1,875$1,090$615$339$228
44 years$2,994$1,787$1,023$568$308$205
45 years$2,895$1,704$961$524$280$184
46 years$2,800$1,626$903$484$254$165
47 years$2,709$1,551$848$447$230$148
48 years$2,622$1,481$797$414$209$133
49 years$2,540$1,414$749$382$190$120
50 years$2,460$1,351$704$353$173$107

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,520,000, adding $4,780 every year, while hoping to spend $29,055 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: 61/26/13 Blend
68$2,520,000$2,520,000$2,520,000$2,520,000
69$2,781,971$2,648,411$2,609,351$2,942,612
70$3,034,817$2,747,268$2,665,850$3,149,977
71$3,312,481$2,849,996$2,723,267$3,372,437
72$3,617,461$2,956,754$2,781,604$3,614,486
73$3,952,513$3,067,706$2,840,859$3,878,019
74$4,320,672$3,183,026$2,901,031$4,165,125
75$4,725,281$3,302,895$2,962,115$4,478,098
76$5,170,023$3,427,499$3,024,109$4,819,466
77$5,658,955$3,557,037$3,087,007$5,192,010
78$6,196,548$3,691,712$3,150,802$5,598,790
79$6,787,728$3,831,738$3,215,486$6,043,173
80$7,437,922$3,977,338$3,281,049$6,528,868
81$8,153,106$4,128,744$3,347,481$7,059,955
82$8,939,870$4,286,200$3,414,769$7,640,927
83$9,805,471$4,449,958$3,482,898$8,276,730
84$10,757,906$4,620,283$3,551,852$8,972,810
85$11,805,987$4,797,450$3,621,613$9,735,163
86$12,959,420$4,981,748$3,692,160$10,570,391
87$14,228,905$5,173,477$3,763,471$11,485,764
88$15,626,226$5,372,951$3,835,520$12,489,287
89$17,164,373$5,580,498$3,908,282$13,589,777
90$18,857,656$5,796,458$3,981,726$14,796,944
91$20,721,842$6,021,191$4,055,820$16,121,479
92$22,774,308$6,255,067$4,130,527$17,575,161
93$25,034,199$6,498,476$4,205,811$19,170,959
94$27,522,611$6,751,826$4,281,630$20,923,163
95$30,262,792$7,015,539$4,357,939$22,847,507
96$33,280,356$7,290,060$4,434,689$24,961,327
97$36,603,531$7,575,852$4,511,830$27,283,715
98$40,263,420$7,873,397$4,589,305$29,835,706
99$44,294,297$8,183,202$4,667,055$32,640,468
100$48,733,930$8,505,793$4,745,016$35,723,526