Can I retire at age 69 with 2,580,000?

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$213,054$211,156$209,305$207,497$205,733$198,750
2 years$105,472$103,508$101,604$99,758$97,968$91,003
3 years$69,616$67,644$65,745$63,916$62,155$55,426
4 years$51,692$49,725$47,845$46,048$44,329$37,888
5 years$40,940$38,985$37,130$35,369$33,699$27,563
6 years$33,775$31,834$30,006$28,285$26,664$20,838
7 years$28,658$26,734$24,936$23,255$21,685$16,168
8 years$24,823$22,916$21,147$19,508$17,990$12,778
9 years$21,841$19,953$18,214$16,616$15,150$10,236
10 years$19,457$17,587$15,880$14,323$12,909$8,285
11 years$17,508$15,657$13,980$12,466$11,102$6,759
12 years$15,885$14,053$12,407$10,934$9,621$5,550
13 years$14,513$12,700$11,085$9,653$8,389$4,579
14 years$13,338$11,544$9,960$8,569$7,354$3,794
15 years$12,320$10,545$8,992$7,642$6,475$3,153
16 years$11,430$9,675$8,153$6,843$5,723$2,628
17 years$10,646$8,910$7,419$6,148$5,074$2,195
18 years$9,950$8,234$6,772$5,541$4,512$1,837
19 years$9,328$7,631$6,200$5,006$4,021$1,539
20 years$8,769$7,091$5,690$4,534$3,592$1,292
21 years$8,263$6,605$5,234$4,115$3,214$1,085
22 years$7,804$6,166$4,824$3,742$2,881$912
23 years$7,386$5,766$4,454$3,408$2,586$767
24 years$7,003$5,403$4,119$3,108$2,325$646
25 years$6,652$5,070$3,815$2,838$2,092$544
26 years$6,328$4,765$3,538$2,595$1,884$459
27 years$6,028$4,485$3,285$2,375$1,699$387
28 years$5,750$4,226$3,054$2,176$1,533$326
29 years$5,492$3,987$2,842$1,996$1,384$275
30 years$5,252$3,765$2,647$1,832$1,251$232
31 years$5,027$3,559$2,468$1,682$1,131$196
32 years$4,817$3,368$2,303$1,546$1,023$165
33 years$4,620$3,189$2,150$1,422$926$139
34 years$4,436$3,023$2,009$1,308$838$118
35 years$4,262$2,867$1,878$1,204$759$99
36 years$4,098$2,721$1,757$1,109$688$84
37 years$3,943$2,584$1,645$1,022$623$71
38 years$3,797$2,456$1,540$942$565$60
39 years$3,658$2,336$1,443$868$512$50
40 years$3,527$2,222$1,352$801$465$43
41 years$3,403$2,115$1,268$739$422$36
42 years$3,285$2,014$1,190$682$383$30
43 years$3,172$1,919$1,116$630$347$26
44 years$3,065$1,830$1,048$581$315$22
45 years$2,963$1,745$984$537$286$18
46 years$2,866$1,664$924$496$260$15
47 years$2,774$1,588$868$458$236$13
48 years$2,685$1,516$816$423$214$11
49 years$2,600$1,448$767$391$195$9
50 years$2,519$1,383$721$362$177$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,580,000, adding $4,888 every year, while hoping to spend $24,261 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: 51/31/18 Blend
68$2,580,000$2,580,000$2,580,000$2,580,000
69$2,848,202$2,711,462$2,671,472$2,979,091
70$3,112,905$2,818,510$2,735,153$3,176,777
71$3,403,795$2,929,990$2,800,154$3,388,667
72$3,723,516$3,046,095$2,866,494$3,618,516
73$4,074,985$3,167,023$2,934,191$3,868,029
74$4,461,410$3,292,984$3,003,263$4,139,084
75$4,886,330$3,424,197$3,073,729$4,433,743
76$5,353,643$3,560,889$3,145,606$4,754,274
77$5,867,642$3,703,300$3,218,911$5,103,172
78$6,433,059$3,851,679$3,293,662$5,483,178
79$7,055,106$4,006,287$3,369,875$5,897,312
80$7,739,527$4,167,395$3,447,566$6,348,893
81$8,492,651$4,335,289$3,526,751$6,841,573
82$9,321,449$4,510,266$3,607,445$7,379,370
83$10,233,604$4,692,637$3,689,662$7,966,706
84$11,237,583$4,882,727$3,773,417$8,608,448
85$12,342,713$5,080,877$3,858,722$9,309,950
86$13,559,270$5,287,441$3,945,590$10,077,107
87$14,898,581$5,502,791$4,034,033$10,916,408
88$16,373,125$5,727,315$4,124,061$11,834,992
89$17,996,650$5,961,421$4,215,684$12,840,724
90$19,784,309$6,205,531$4,308,910$13,942,256
91$21,752,798$6,460,092$4,403,748$15,149,120
92$23,920,513$6,725,566$4,500,203$16,471,807
93$26,307,726$7,002,439$4,598,281$17,921,868
94$28,936,775$7,291,220$4,697,984$19,512,024
95$31,832,276$7,592,439$4,799,317$21,256,283
96$35,021,353$7,906,653$4,902,278$23,170,070
97$38,533,893$8,234,442$5,006,867$25,270,372
98$42,402,835$8,576,414$5,113,081$27,575,897
99$46,664,471$8,933,205$5,220,916$30,107,249
100$51,358,795$9,305,480$5,330,365$32,887,120