Can I retire at age 69 with 2,590,000?

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 $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$213,880$211,975$210,116$208,302$206,530$202,858
2 years$105,881$103,909$101,998$100,145$98,348$94,661
3 years$69,886$67,906$65,999$64,164$62,396$58,809
4 years$51,892$49,918$48,031$46,226$44,501$41,042
5 years$41,099$39,136$37,274$35,506$33,829$30,507
6 years$33,905$31,958$30,123$28,395$26,768$23,587
7 years$28,769$26,838$25,032$23,345$21,769$18,731
8 years$24,919$23,005$21,229$19,583$18,060$15,162
9 years$21,926$20,030$18,285$16,681$15,209$12,451
10 years$19,533$17,656$15,941$14,379$12,959$10,338
11 years$17,576$15,718$14,034$12,514$11,145$8,659
12 years$15,947$14,107$12,455$10,976$9,658$7,303
13 years$14,569$12,749$11,128$9,691$8,422$6,194
14 years$13,389$11,588$9,998$8,602$7,383$5,278
15 years$12,368$10,586$9,027$7,672$6,500$4,515
16 years$11,475$9,713$8,184$6,869$5,745$3,875
17 years$10,688$8,945$7,448$6,172$5,094$3,334
18 years$9,989$8,266$6,799$5,562$4,529$2,876
19 years$9,364$7,660$6,224$5,026$4,037$2,485
20 years$8,803$7,118$5,712$4,552$3,606$2,151
21 years$8,295$6,631$5,254$4,131$3,227$1,865
22 years$7,835$6,189$4,842$3,756$2,892$1,618
23 years$7,415$5,789$4,471$3,421$2,596$1,406
24 years$7,030$5,424$4,135$3,120$2,334$1,223
25 years$6,677$5,090$3,830$2,849$2,100$1,064
26 years$6,352$4,784$3,552$2,605$1,892$927
27 years$6,051$4,502$3,298$2,385$1,705$808
28 years$5,773$4,242$3,066$2,185$1,539$704
29 years$5,513$4,002$2,853$2,004$1,390$614
30 years$5,272$3,780$2,658$1,839$1,256$536
31 years$5,047$3,573$2,478$1,689$1,135$468
32 years$4,836$3,381$2,312$1,552$1,027$408
33 years$4,638$3,202$2,159$1,427$929$357
34 years$4,453$3,034$2,017$1,313$841$312
35 years$4,278$2,878$1,886$1,209$762$272
36 years$4,114$2,732$1,764$1,113$690$238
37 years$3,958$2,594$1,651$1,026$626$208
38 years$3,811$2,466$1,546$945$567$182
39 years$3,673$2,345$1,448$872$514$159
40 years$3,541$2,231$1,358$804$467$139
41 years$3,416$2,123$1,273$742$423$121
42 years$3,297$2,022$1,194$685$384$106
43 years$3,185$1,927$1,121$632$349$93
44 years$3,077$1,837$1,052$584$316$81
45 years$2,975$1,751$988$539$287$71
46 years$2,877$1,671$928$498$261$62
47 years$2,784$1,594$871$460$237$54
48 years$2,695$1,522$819$425$215$48
49 years$2,610$1,454$770$393$195$42
50 years$2,529$1,388$724$363$177$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,590,000, adding $2,135 every year, while hoping to spend $20,865 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: 25/48/27 Blend
68$2,590,000$2,590,000$2,590,000$2,590,000
69$2,856,382$2,719,112$2,678,967$2,903,485
70$3,125,533$2,830,149$2,746,512$3,053,810
71$3,421,438$2,945,926$2,815,621$3,212,954
72$3,746,804$3,066,656$2,886,324$3,383,153
73$4,104,613$3,192,557$2,958,651$3,565,349
74$4,498,151$3,323,860$3,032,633$3,760,571
75$4,931,038$3,460,805$3,108,302$3,969,947
76$5,407,264$3,603,644$3,185,690$4,194,711
77$5,931,221$3,752,639$3,264,827$4,436,216
78$6,507,754$3,908,067$3,345,747$4,695,942
79$7,142,197$4,070,214$3,428,481$4,975,514
80$7,840,428$4,239,382$3,513,063$5,276,712
81$8,608,926$4,415,886$3,599,524$5,601,488
82$9,454,827$4,600,054$3,687,899$5,951,984
83$10,385,995$4,792,233$3,778,219$6,330,549
84$11,411,095$4,992,781$3,870,518$6,739,761
85$12,539,676$5,202,077$3,964,830$7,182,449
86$13,782,259$5,420,514$4,061,188$7,661,721
87$15,150,437$5,648,507$4,159,625$8,180,988
88$16,656,984$5,886,486$4,260,175$8,743,996
89$18,315,977$6,134,905$4,362,871$9,354,860
90$20,142,927$6,394,235$4,467,748$10,018,101
91$22,154,925$6,664,972$4,574,837$10,738,686
92$24,370,805$6,947,634$4,684,172$11,522,074
93$26,811,322$7,242,762$4,795,786$12,374,266
94$29,499,344$7,550,925$4,909,713$13,301,856
95$32,460,073$7,872,716$5,025,984$14,312,095
96$35,721,278$8,208,756$5,144,631$15,412,956
97$39,313,559$8,559,696$5,265,687$16,613,205
98$43,270,637$8,926,216$5,389,183$17,922,485
99$47,629,670$9,309,030$5,515,149$19,351,400
100$52,431,606$9,708,882$5,643,616$20,911,615