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%11.8%
1 years$208,099$206,246$204,437$202,672$200,948$199,431
2 years$103,019$101,101$99,241$97,438$95,690$94,160
3 years$67,997$66,070$64,216$62,430$60,709$59,215
4 years$50,490$48,569$46,733$44,977$43,299$41,850
5 years$39,988$38,079$36,266$34,547$32,915$31,517
6 years$32,989$31,094$29,309$27,627$26,044$24,699
7 years$27,992$26,113$24,356$22,714$21,181$19,889
8 years$24,246$22,383$20,655$19,054$17,572$16,333
9 years$21,333$19,489$17,791$16,230$14,798$13,612
10 years$19,005$17,178$15,510$13,990$12,609$11,475
11 years$17,101$15,293$13,655$12,176$10,844$9,761
12 years$15,516$13,726$12,118$10,680$9,397$8,365
13 years$14,175$12,404$10,827$9,429$8,194$7,211
14 years$13,027$11,275$9,728$8,370$7,183$6,248
15 years$12,033$10,300$8,783$7,464$6,325$5,436
16 years$11,165$9,450$7,963$6,683$5,590$4,747
17 years$10,399$8,703$7,246$6,005$4,956$4,157
18 years$9,719$8,042$6,615$5,412$4,407$3,650
19 years$9,111$7,453$6,056$4,890$3,928$3,213
20 years$8,565$6,926$5,558$4,429$3,508$2,833
21 years$8,071$6,451$5,112$4,019$3,140$2,502
22 years$7,623$6,022$4,711$3,655$2,814$2,213
23 years$7,214$5,632$4,350$3,328$2,526$1,960
24 years$6,840$5,277$4,023$3,036$2,271$1,738
25 years$6,497$4,952$3,726$2,772$2,043$1,542
26 years$6,180$4,654$3,456$2,535$1,840$1,370
27 years$5,888$4,380$3,209$2,320$1,659$1,218
28 years$5,617$4,128$2,983$2,126$1,497$1,084
29 years$5,364$3,894$2,776$1,949$1,352$965
30 years$5,130$3,677$2,586$1,789$1,222$859
31 years$4,910$3,476$2,411$1,643$1,104$765
32 years$4,705$3,289$2,249$1,510$999$682
33 years$4,513$3,115$2,100$1,389$904$608
34 years$4,332$2,952$1,962$1,278$819$543
35 years$4,162$2,800$1,835$1,176$741$484
36 years$4,002$2,658$1,716$1,083$672$432
37 years$3,851$2,524$1,606$998$609$386
38 years$3,708$2,399$1,504$920$552$345
39 years$3,573$2,281$1,409$848$501$308
40 years$3,445$2,170$1,321$782$454$275
41 years$3,324$2,066$1,239$722$412$246
42 years$3,208$1,968$1,162$666$374$219
43 years$3,099$1,875$1,090$615$339$196
44 years$2,994$1,787$1,023$568$308$175
45 years$2,895$1,704$961$524$280$157
46 years$2,800$1,626$903$484$254$140
47 years$2,709$1,551$848$447$230$125
48 years$2,622$1,481$797$414$209$112
49 years$2,540$1,414$749$382$190$100
50 years$2,460$1,351$704$353$173$89

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 $4,168 every year, while hoping to spend $29,938 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: 44/38/18 Blend
68$2,520,000$2,520,000$2,520,000$2,520,000
69$2,781,339$2,647,779$2,608,719$2,889,075
70$3,033,182$2,745,667$2,664,258$3,063,054
71$3,309,709$2,847,347$2,720,653$3,248,229
72$3,613,408$2,952,975$2,777,903$3,448,314
73$3,947,015$3,062,711$2,836,003$3,664,699
74$4,313,550$3,176,723$2,894,948$3,898,914
75$4,716,335$3,295,185$2,954,731$4,152,638
76$5,159,033$3,418,281$3,015,346$4,427,719
77$5,645,677$3,546,199$3,076,783$4,726,187
78$6,180,712$3,679,139$3,139,031$5,050,274
79$6,769,034$3,817,307$3,202,079$5,402,435
80$7,416,040$3,960,918$3,265,912$5,785,368
81$8,127,671$4,110,199$3,330,516$6,202,044
82$8,910,477$4,265,383$3,395,872$6,655,727
83$9,771,674$4,426,715$3,461,962$7,150,010
84$10,719,212$4,594,450$3,528,764$7,688,846
85$11,761,849$4,768,856$3,596,256$8,276,585
86$12,909,237$4,950,210$3,664,410$8,918,012
87$14,172,011$5,138,802$3,733,199$9,618,394
88$15,561,888$5,334,935$3,802,593$10,383,527
89$17,091,779$5,538,925$3,872,559$11,219,793
90$18,775,910$5,751,101$3,943,059$12,134,213
91$20,629,957$5,971,809$4,014,055$13,134,519
92$22,671,191$6,201,407$4,085,505$14,229,220
93$24,918,647$6,440,270$4,157,363$15,427,688
94$27,393,295$6,688,789$4,229,581$16,740,237
95$30,118,245$6,947,374$4,302,106$18,178,227
96$33,118,962$7,216,451$4,374,882$19,754,164
97$36,423,504$7,496,465$4,447,849$21,481,819
98$40,062,791$7,787,882$4,520,941$23,376,360
99$44,070,894$8,091,186$4,594,092$25,454,487
100$48,485,358$8,406,887$4,667,226$27,734,593