Can I retire at age 69 with 2,560,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$211,402$209,519$207,682$205,889$204,138$198,000
2 years$104,655$102,706$100,817$98,985$97,209$91,076
3 years$69,077$67,119$65,235$63,421$61,673$55,739
4 years$51,291$49,340$47,474$45,691$43,986$38,295
5 years$40,623$38,683$36,842$35,095$33,437$28,006
6 years$33,513$31,588$29,774$28,066$26,458$21,290
7 years$28,436$26,527$24,742$23,074$21,517$16,613
8 years$24,630$22,739$20,983$19,357$17,851$13,207
9 years$21,672$19,798$18,073$16,488$15,033$10,645
10 years$19,307$17,451$15,756$14,212$12,809$8,670
11 years$17,373$15,536$13,872$12,369$11,016$7,119
12 years$15,762$13,944$12,311$10,849$9,546$5,884
13 years$14,400$12,601$10,999$9,578$8,324$4,888
14 years$13,234$11,454$9,883$8,503$7,297$4,078
15 years$12,224$10,464$8,923$7,583$6,425$3,414
16 years$11,342$9,600$8,090$6,790$5,678$2,866
17 years$10,564$8,841$7,361$6,100$5,035$2,411
18 years$9,873$8,170$6,720$5,498$4,477$2,033
19 years$9,256$7,572$6,152$4,968$3,990$1,716
20 years$8,701$7,036$5,646$4,499$3,564$1,451
21 years$8,199$6,554$5,193$4,083$3,190$1,229
22 years$7,744$6,118$4,786$3,713$2,859$1,041
23 years$7,329$5,722$4,419$3,381$2,566$883
24 years$6,949$5,361$4,087$3,084$2,307$749
25 years$6,600$5,031$3,785$2,816$2,076$636
26 years$6,278$4,728$3,511$2,575$1,870$540
27 years$5,981$4,450$3,260$2,357$1,686$459
28 years$5,706$4,193$3,031$2,160$1,521$390
29 years$5,450$3,956$2,820$1,980$1,373$332
30 years$5,211$3,736$2,627$1,817$1,241$282
31 years$4,988$3,532$2,449$1,669$1,122$240
32 years$4,780$3,342$2,285$1,534$1,015$204
33 years$4,585$3,164$2,134$1,411$918$174
34 years$4,401$2,999$1,993$1,298$832$148
35 years$4,229$2,845$1,864$1,195$753$126
36 years$4,066$2,700$1,743$1,100$682$107
37 years$3,912$2,564$1,632$1,014$619$91
38 years$3,767$2,437$1,528$935$561$78
39 years$3,630$2,317$1,432$862$509$66
40 years$3,500$2,205$1,342$795$461$56
41 years$3,376$2,099$1,258$733$418$48
42 years$3,259$1,999$1,180$677$380$41
43 years$3,148$1,905$1,108$625$345$35
44 years$3,042$1,815$1,040$577$313$30
45 years$2,941$1,731$976$533$284$25
46 years$2,844$1,651$917$492$258$22
47 years$2,752$1,576$861$455$234$18
48 years$2,664$1,504$809$420$213$16
49 years$2,580$1,437$761$388$193$13
50 years$2,499$1,372$715$359$175$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,560,000, adding $3,082 every year, while hoping to spend $30,631 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: 51/26/23 Blend
68$2,560,000$2,560,000$2,560,000$2,560,000
69$2,824,299$2,688,619$2,648,939$2,950,042
70$3,079,786$2,787,770$2,705,087$3,136,613
71$3,360,307$2,890,753$2,762,090$3,335,982
72$3,668,381$2,997,723$2,819,943$3,552,130
73$4,006,787$3,108,843$2,878,642$3,786,660
74$4,378,584$3,224,280$2,938,181$4,041,336
75$4,787,141$3,344,212$2,998,552$4,318,098
76$5,236,173$3,468,822$3,059,747$4,619,082
77$5,729,769$3,598,301$3,121,755$4,946,637
78$6,272,437$3,732,848$3,184,565$5,303,346
79$6,869,141$3,872,673$3,248,163$5,692,054
80$7,525,351$4,017,992$3,312,535$6,115,892
81$8,247,095$4,169,032$3,377,663$6,578,304
82$9,041,013$4,326,029$3,443,529$7,083,082
83$9,914,421$4,489,229$3,510,112$7,634,401
84$10,875,381$4,658,890$3,577,389$8,236,856
85$11,932,773$4,835,279$3,645,335$8,895,506
86$13,096,385$5,018,676$3,713,922$9,615,921
87$14,376,998$5,209,374$3,783,121$10,404,233
88$15,786,495$5,407,676$3,852,899$11,267,197
89$17,337,967$5,613,902$3,923,220$12,212,246
90$19,045,838$5,828,381$3,994,046$13,247,571
91$20,926,003$6,051,461$4,065,336$14,382,188
92$22,995,975$6,283,503$4,137,046$15,626,030
93$25,275,054$6,524,884$4,209,126$16,990,033
94$27,784,504$6,775,998$4,281,526$18,486,244
95$30,547,756$7,037,255$4,354,190$20,127,932
96$33,590,631$7,309,084$4,427,059$21,929,710
97$36,941,580$7,591,934$4,500,070$23,907,676
98$40,631,954$7,886,271$4,573,155$26,079,562
99$44,696,299$8,192,584$4,646,242$28,464,900
100$49,172,685$8,511,384$4,719,254$31,085,205