Can I retire at age 69 with 2,530,000?

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$208,925$207,064$205,248$203,476$201,746$196,232
2 years$103,428$101,502$99,635$97,825$96,069$90,555
3 years$68,267$66,333$64,471$62,677$60,950$55,607
4 years$50,690$48,762$46,918$45,156$43,470$38,340
5 years$40,147$38,230$36,410$34,684$33,045$28,142
6 years$33,120$31,217$29,425$27,737$26,148$21,476
7 years$28,103$26,216$24,452$22,804$21,265$16,825
8 years$24,342$22,472$20,737$19,130$17,641$13,430
9 years$21,418$19,566$17,861$16,294$14,857$10,871
10 years$19,080$17,247$15,572$14,046$12,659$8,893
11 years$17,169$15,354$13,709$12,224$10,887$7,336
12 years$15,577$13,781$12,167$10,722$9,434$6,091
13 years$14,232$12,454$10,870$9,466$8,227$5,084
14 years$13,079$11,320$9,767$8,403$7,212$4,262
15 years$12,081$10,341$8,818$7,494$6,350$3,585
16 years$11,209$9,488$7,995$6,710$5,612$3,025
17 years$10,440$8,738$7,275$6,029$4,976$2,558
18 years$9,757$8,074$6,641$5,433$4,424$2,168
19 years$9,147$7,483$6,080$4,909$3,943$1,840
20 years$8,599$6,954$5,580$4,446$3,522$1,564
21 years$8,103$6,477$5,132$4,035$3,152$1,331
22 years$7,653$6,046$4,730$3,669$2,825$1,134
23 years$7,243$5,655$4,367$3,342$2,536$967
24 years$6,868$5,298$4,039$3,048$2,280$825
25 years$6,523$4,972$3,741$2,783$2,051$705
26 years$6,205$4,673$3,470$2,545$1,848$602
27 years$5,911$4,398$3,222$2,329$1,666$514
28 years$5,639$4,144$2,995$2,134$1,503$440
29 years$5,386$3,909$2,787$1,957$1,357$376
30 years$5,150$3,692$2,596$1,796$1,226$322
31 years$4,930$3,490$2,420$1,650$1,109$275
32 years$4,724$3,302$2,258$1,516$1,003$236
33 years$4,531$3,127$2,109$1,394$908$202
34 years$4,350$2,964$1,970$1,283$822$173
35 years$4,179$2,811$1,842$1,181$744$148
36 years$4,018$2,668$1,723$1,088$674$127
37 years$3,867$2,534$1,613$1,002$611$108
38 years$3,723$2,409$1,510$924$554$93
39 years$3,587$2,290$1,415$852$503$80
40 years$3,459$2,179$1,326$785$456$68
41 years$3,337$2,074$1,244$725$414$58
42 years$3,221$1,975$1,167$669$375$50
43 years$3,111$1,882$1,095$617$341$43
44 years$3,006$1,794$1,027$570$309$37
45 years$2,906$1,711$965$526$281$31
46 years$2,811$1,632$906$486$255$27
47 years$2,720$1,558$851$449$231$23
48 years$2,633$1,487$800$415$210$20
49 years$2,550$1,420$752$384$191$17
50 years$2,470$1,356$707$355$173$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,530,000, adding $3,173 every year, while hoping to spend $26,165 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: 38/49/13 Blend
68$2,530,000$2,530,000$2,530,000$2,530,000
69$2,791,333$2,657,243$2,618,028$2,886,273
70$3,048,210$2,759,608$2,677,893$3,056,592
71$3,330,411$2,866,113$2,738,886$3,237,764
72$3,640,492$2,976,932$2,801,017$3,432,984
73$3,981,268$3,092,247$2,864,298$3,643,525
74$4,355,841$3,212,251$2,928,735$3,870,787
75$4,767,627$3,337,142$2,994,339$4,116,303
76$5,220,392$3,467,129$3,061,116$4,381,758
77$5,718,283$3,602,429$3,129,074$4,669,001
78$6,265,869$3,743,269$3,198,219$4,980,065
79$6,868,184$3,889,886$3,268,556$5,317,179
80$7,530,777$4,042,529$3,340,091$5,682,794
81$8,259,758$4,201,454$3,412,826$6,079,605
82$9,061,862$4,366,934$3,486,764$6,510,569
83$9,944,508$4,539,250$3,561,906$6,978,939
84$10,915,872$4,718,697$3,638,254$7,488,290
85$11,984,961$4,905,583$3,715,806$8,042,554
86$13,161,700$5,100,230$3,794,559$8,646,050
87$14,457,027$5,302,975$3,874,510$9,303,533
88$15,882,991$5,514,168$3,955,653$10,020,227
89$17,452,871$5,734,177$4,037,983$10,801,881
90$19,181,298$5,963,386$4,121,489$11,654,818
91$21,084,394$6,202,196$4,206,162$12,585,995
92$23,179,924$6,451,025$4,291,990$13,603,063
93$25,487,462$6,710,311$4,378,958$14,714,445
94$28,028,580$6,980,513$4,467,050$15,929,406
95$30,827,046$7,262,109$4,556,248$17,258,143
96$33,909,052$7,555,600$4,646,529$18,711,878
97$37,303,458$7,861,507$4,737,870$20,302,963
98$41,042,067$8,180,377$4,830,245$22,044,992
99$45,159,925$8,512,782$4,923,625$23,952,932
100$49,695,648$8,859,320$5,017,978$26,043,257