Can I retire at age 69 with 2,550,000?

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 $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$210,577$208,701$206,871$205,085$203,341$196,517
2 years$104,246$102,304$100,423$98,598$96,829$90,022
3 years$68,807$66,857$64,980$63,173$61,432$54,855
4 years$51,091$49,147$47,289$45,513$43,814$37,517
5 years$40,464$38,532$36,698$34,958$33,307$27,307
6 years$33,382$31,464$29,658$27,956$26,354$20,656
7 years$28,325$26,424$24,646$22,984$21,433$16,036
8 years$24,534$22,650$20,901$19,281$17,781$12,681
9 years$21,587$19,721$18,002$16,423$14,974$10,165
10 years$19,231$17,383$15,695$14,157$12,759$8,232
11 years$17,305$15,475$13,818$12,321$10,973$6,721
12 years$15,701$13,889$12,263$10,807$9,509$5,522
13 years$14,344$12,552$10,956$9,541$8,292$4,559
14 years$13,183$11,409$9,844$8,469$7,269$3,780
15 years$12,177$10,423$8,888$7,553$6,400$3,144
16 years$11,297$9,563$8,058$6,763$5,656$2,622
17 years$10,522$8,807$7,332$6,077$5,015$2,192
18 years$9,834$8,138$6,694$5,476$4,459$1,835
19 years$9,219$7,542$6,128$4,948$3,975$1,539
20 years$8,667$7,009$5,624$4,482$3,550$1,293
21 years$8,167$6,528$5,173$4,067$3,177$1,087
22 years$7,714$6,094$4,767$3,698$2,848$914
23 years$7,300$5,699$4,402$3,368$2,556$770
24 years$6,922$5,340$4,071$3,072$2,298$649
25 years$6,574$5,011$3,771$2,805$2,068$547
26 years$6,254$4,710$3,497$2,565$1,862$461
27 years$5,958$4,433$3,247$2,348$1,679$389
28 years$5,683$4,177$3,019$2,151$1,515$328
29 years$5,428$3,940$2,809$1,973$1,368$277
30 years$5,191$3,721$2,617$1,810$1,236$234
31 years$4,969$3,518$2,439$1,663$1,118$198
32 years$4,761$3,328$2,276$1,528$1,011$167
33 years$4,567$3,152$2,125$1,405$915$141
34 years$4,384$2,988$1,986$1,293$828$119
35 years$4,212$2,834$1,856$1,190$750$101
36 years$4,050$2,690$1,737$1,096$680$85
37 years$3,897$2,554$1,625$1,010$616$72
38 years$3,753$2,428$1,522$931$559$61
39 years$3,616$2,308$1,426$858$507$51
40 years$3,486$2,196$1,337$792$459$43
41 years$3,363$2,091$1,253$730$417$37
42 years$3,247$1,991$1,176$674$378$31
43 years$3,135$1,897$1,103$622$343$26
44 years$3,030$1,808$1,036$575$312$22
45 years$2,929$1,724$972$531$283$19
46 years$2,833$1,645$913$490$257$16
47 years$2,741$1,570$858$453$233$13
48 years$2,654$1,499$806$418$212$11
49 years$2,570$1,431$758$387$192$10
50 years$2,490$1,367$713$357$175$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,550,000, adding $4,818 every year, while hoping to spend $29,025 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: 52/41/7 Blend
68$2,550,000$2,550,000$2,550,000$2,550,000
69$2,815,070$2,679,920$2,640,395$2,956,399
70$3,071,325$2,780,353$2,697,966$3,153,309
71$3,352,744$2,884,736$2,756,492$3,363,775
72$3,661,866$2,993,229$2,815,976$3,591,955
73$4,001,482$3,106,004$2,876,418$3,839,523
74$4,374,672$3,223,236$2,937,816$4,108,319
75$4,784,826$3,345,112$3,000,171$4,400,365
76$5,235,680$3,471,824$3,063,478$4,717,886
77$5,731,349$3,603,574$3,127,734$5,063,325
78$6,276,368$3,740,570$3,192,934$5,439,371
79$6,875,732$3,883,032$3,259,072$5,848,981
80$7,534,944$4,031,189$3,326,139$6,295,406
81$8,260,070$4,185,279$3,394,126$6,782,224
82$9,057,791$4,345,551$3,463,023$7,313,369
83$9,935,468$4,512,265$3,532,816$7,893,170
84$10,901,212$4,685,692$3,603,492$8,526,392
85$11,963,960$4,866,115$3,675,033$9,218,277
86$13,133,559$5,053,830$3,747,422$9,974,592
87$14,420,860$5,249,146$3,820,639$10,801,688
88$15,837,817$5,452,383$3,894,659$11,706,551
89$17,397,604$5,663,879$3,969,460$12,696,873
90$19,114,735$5,883,985$4,045,013$13,781,122
91$21,005,205$6,113,068$4,121,287$14,968,617
92$23,086,637$6,351,509$4,198,252$16,269,621
93$25,378,450$6,599,709$4,275,869$17,695,430
94$27,902,043$6,858,086$4,354,102$19,258,485
95$30,680,995$7,127,076$4,432,908$20,972,481
96$33,741,288$7,407,134$4,512,242$22,852,500
97$37,111,551$7,698,735$4,592,054$24,915,150
98$40,823,334$8,002,378$4,672,293$27,178,718
99$44,911,401$8,318,581$4,752,901$29,663,346
100$49,414,059$8,647,887$4,833,818$32,391,215