Can I retire at age 69 with 2,540,000?

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 $2,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$209,751$207,882$206,060$204,280$202,543$200,930
2 years$103,837$101,903$100,029$98,212$96,449$94,823
3 years$68,537$66,595$64,725$62,925$61,191$59,603
4 years$50,891$48,954$47,103$45,334$43,642$42,103
5 years$40,305$38,381$36,554$34,821$33,176$31,691
6 years$33,251$31,341$29,541$27,847$26,251$24,822
7 years$28,214$26,320$24,549$22,894$21,349$19,977
8 years$24,438$22,561$20,819$19,205$17,711$16,396
9 years$21,503$19,643$17,932$16,359$14,915$13,656
10 years$19,156$17,315$15,633$14,101$12,709$11,505
11 years$17,237$15,414$13,763$12,272$10,930$9,781
12 years$15,639$13,835$12,215$10,765$9,472$8,377
13 years$14,288$12,503$10,913$9,503$8,259$7,217
14 years$13,131$11,365$9,805$8,436$7,240$6,249
15 years$12,129$10,382$8,853$7,524$6,375$5,433
16 years$11,253$9,525$8,026$6,737$5,634$4,741
17 years$10,481$8,772$7,304$6,053$4,996$4,149
18 years$9,796$8,106$6,667$5,455$4,442$3,641
19 years$9,183$7,513$6,104$4,929$3,959$3,202
20 years$8,633$6,981$5,602$4,464$3,536$2,821
21 years$8,135$6,503$5,152$4,051$3,165$2,490
22 years$7,683$6,070$4,749$3,684$2,837$2,201
23 years$7,272$5,677$4,385$3,355$2,546$1,948
24 years$6,895$5,319$4,055$3,060$2,289$1,726
25 years$6,549$4,992$3,756$2,794$2,059$1,530
26 years$6,229$4,691$3,483$2,555$1,855$1,358
27 years$5,934$4,415$3,235$2,339$1,673$1,207
28 years$5,661$4,160$3,007$2,143$1,509$1,073
29 years$5,407$3,925$2,798$1,965$1,363$954
30 years$5,170$3,707$2,606$1,803$1,231$849
31 years$4,949$3,504$2,430$1,656$1,113$756
32 years$4,743$3,315$2,267$1,522$1,007$673
33 years$4,549$3,140$2,117$1,400$911$600
34 years$4,367$2,976$1,978$1,288$825$535
35 years$4,195$2,822$1,849$1,185$747$477
36 years$4,034$2,679$1,730$1,092$677$425
37 years$3,882$2,544$1,619$1,006$614$379
38 years$3,738$2,418$1,516$927$556$338
39 years$3,602$2,299$1,421$855$505$302
40 years$3,473$2,188$1,331$789$458$269
41 years$3,350$2,082$1,248$728$415$240
42 years$3,234$1,983$1,171$671$377$215
43 years$3,123$1,890$1,099$620$342$192
44 years$3,018$1,801$1,032$572$310$171
45 years$2,918$1,718$969$529$282$153
46 years$2,822$1,639$910$488$256$136
47 years$2,731$1,564$855$451$232$122
48 years$2,643$1,493$803$417$211$109
49 years$2,560$1,425$755$385$192$97
50 years$2,480$1,362$710$356$174$87

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,540,000, adding $6,310 every year, while hoping to spend $32,852 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: 42/49/9 Blend
68$2,540,000$2,540,000$2,540,000$2,540,000
69$2,805,589$2,670,969$2,631,599$2,915,767
70$3,056,805$2,766,892$2,684,803$3,089,191
71$3,332,543$2,866,414$2,738,689$3,273,058
72$3,635,272$2,969,678$2,793,244$3,471,405
73$3,967,707$3,076,829$2,848,455$3,685,564
74$4,332,842$3,188,023$2,904,307$3,916,997
75$4,733,974$3,303,418$2,960,784$4,167,312
76$5,174,736$3,423,183$3,017,867$4,438,273
77$5,659,130$3,547,489$3,075,536$4,731,822
78$6,191,564$3,676,519$3,133,769$5,050,088
79$6,776,894$3,810,459$3,192,541$5,395,415
80$7,420,473$3,949,508$3,251,827$5,770,377
81$8,128,196$4,093,868$3,311,598$6,177,806
82$8,906,558$4,243,753$3,371,822$6,620,816
83$9,762,715$4,399,385$3,432,466$7,102,828
84$10,704,552$4,560,995$3,493,494$7,627,609
85$11,740,757$4,728,824$3,554,866$8,199,299
86$12,880,901$4,903,124$3,616,542$8,822,455
87$14,135,532$5,084,156$3,678,475$9,502,087
88$15,516,269$5,272,193$3,740,617$10,243,711
89$17,035,918$5,467,519$3,802,917$11,053,395
90$18,708,586$5,670,432$3,865,319$11,937,814
91$20,549,819$5,881,240$3,927,764$12,904,319
92$22,576,745$6,100,266$3,990,189$13,960,997
93$24,808,240$6,327,846$4,052,527$15,116,751
94$27,265,100$6,564,330$4,114,706$16,381,380
95$29,970,242$6,810,084$4,176,651$17,765,672
96$32,948,918$7,065,489$4,238,280$19,281,502
97$36,228,952$7,330,943$4,299,507$20,941,947
98$39,841,007$7,606,860$4,360,242$22,761,401
99$43,818,867$7,893,674$4,420,387$24,755,717
100$48,199,762$8,191,835$4,479,841$26,942,347