Can I retire at age 69 with 2,600,000?

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 $2,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$214,706$212,793$210,927$209,106$207,328$204,229
2 years$106,290$104,310$102,392$100,532$98,727$95,613
3 years$70,156$68,168$66,254$64,412$62,637$59,603
4 years$52,093$50,111$48,216$46,405$44,673$41,743
5 years$41,257$39,287$37,418$35,643$33,960$31,143
6 years$34,036$32,081$30,239$28,504$26,871$24,170
7 years$28,880$26,942$25,129$23,435$21,853$19,269
8 years$25,015$23,094$21,311$19,659$18,130$15,661
9 years$22,011$20,107$18,355$16,745$15,268$12,915
10 years$19,608$17,724$16,003$14,434$13,009$10,769
11 years$17,644$15,778$14,088$12,562$11,188$9,059
12 years$16,008$14,162$12,503$11,019$9,695$7,675
13 years$14,625$12,798$11,171$9,728$8,455$6,540
14 years$13,441$11,633$10,037$8,635$7,411$5,599
15 years$12,415$10,627$9,062$7,701$6,525$4,813
16 years$11,519$9,750$8,216$6,896$5,767$4,150
17 years$10,729$8,980$7,476$6,196$5,114$3,589
18 years$10,027$8,298$6,825$5,584$4,547$3,111
19 years$9,400$7,690$6,248$5,045$4,053$2,703
20 years$8,837$7,146$5,734$4,569$3,620$2,352
21 years$8,327$6,656$5,274$4,147$3,239$2,049
22 years$7,865$6,213$4,861$3,771$2,904$1,788
23 years$7,443$5,811$4,488$3,434$2,606$1,562
24 years$7,058$5,445$4,151$3,132$2,343$1,366
25 years$6,703$5,110$3,845$2,860$2,108$1,195
26 years$6,377$4,802$3,566$2,615$1,899$1,047
27 years$6,075$4,519$3,311$2,394$1,712$917
28 years$5,795$4,259$3,078$2,193$1,545$804
29 years$5,535$4,018$2,864$2,011$1,395$706
30 years$5,292$3,794$2,668$1,846$1,260$619
31 years$5,066$3,587$2,487$1,695$1,140$544
32 years$4,855$3,394$2,321$1,558$1,031$477
33 years$4,656$3,214$2,167$1,433$933$419
34 years$4,470$3,046$2,025$1,318$845$369
35 years$4,295$2,889$1,893$1,213$765$324
36 years$4,129$2,742$1,771$1,118$693$285
37 years$3,974$2,604$1,657$1,030$628$250
38 years$3,826$2,475$1,552$949$570$220
39 years$3,687$2,354$1,454$875$516$194
40 years$3,555$2,239$1,363$807$468$170
41 years$3,429$2,132$1,278$745$425$150
42 years$3,310$2,030$1,199$687$386$132
43 years$3,197$1,934$1,125$634$350$116
44 years$3,089$1,844$1,056$586$318$102
45 years$2,986$1,758$991$541$288$90
46 years$2,889$1,677$931$500$262$79
47 years$2,795$1,601$875$462$238$69
48 years$2,706$1,528$822$427$216$61
49 years$2,620$1,459$773$394$196$54
50 years$2,539$1,394$726$364$178$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,600,000, adding $5,629 every year, while hoping to spend $21,000 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: 31/39/30 Blend
68$2,600,000$2,600,000$2,600,000$2,600,000
69$2,871,006$2,733,206$2,692,906$2,933,558
70$3,141,505$2,844,790$2,760,775$3,094,369
71$3,438,891$2,961,137$2,830,213$3,265,133
72$3,765,884$3,082,459$2,901,252$3,448,544
73$4,125,482$3,208,977$2,973,921$3,645,726
74$4,520,986$3,340,921$3,048,252$3,857,912
75$4,956,035$3,478,535$3,124,277$4,086,452
76$5,434,637$3,622,069$3,202,027$4,332,829
77$5,961,208$3,771,789$3,281,533$4,598,671
78$6,540,615$3,927,971$3,362,828$4,885,763
79$7,178,220$4,090,904$3,445,945$5,196,064
80$7,879,930$4,260,889$3,530,916$5,531,727
81$8,652,255$4,438,245$3,617,773$5,895,114
82$9,502,367$4,623,301$3,706,551$6,288,823
83$10,438,169$4,816,403$3,797,281$6,715,705
84$11,468,369$5,017,914$3,889,997$7,178,893
85$12,602,564$5,228,213$3,984,733$7,681,831
86$13,851,325$5,447,695$4,081,521$8,228,303
87$15,226,304$5,676,776$4,180,396$8,822,469
88$16,740,339$5,915,890$4,281,391$9,468,903
89$18,407,575$6,165,490$4,384,539$10,172,634
90$20,243,601$6,426,052$4,489,874$10,939,191
91$22,265,592$6,698,072$4,597,429$11,774,657
92$24,492,476$6,982,072$4,707,237$12,685,721
93$26,945,110$7,278,595$4,819,331$13,679,739
94$29,646,477$7,588,211$4,933,743$14,764,808
95$32,621,901$7,911,517$5,050,507$15,949,833
96$35,899,290$8,249,137$5,169,655$17,244,613
97$39,509,397$8,601,723$5,291,217$18,659,930
98$43,486,108$8,969,961$5,415,226$20,207,652
99$47,866,767$9,354,564$5,541,711$21,900,836
100$52,692,522$9,756,283$5,670,704$23,753,858