Can I retire at age 69 with 2,620,000?

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 $2,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$216,357$214,430$212,550$210,714$208,922$207,519
2 years$107,108$105,113$103,179$101,305$99,487$98,071
3 years$70,696$68,692$66,764$64,907$63,119$61,735
4 years$52,493$50,496$48,587$46,762$45,017$43,675
5 years$41,575$39,590$37,706$35,918$34,221$32,926
6 years$34,298$32,328$30,472$28,724$27,078$25,831
7 years$29,103$27,149$25,322$23,615$22,022$20,824
8 years$25,208$23,272$21,475$19,810$18,269$17,120
9 years$22,180$20,262$18,497$16,874$15,385$14,284
10 years$19,759$17,860$16,126$14,546$13,109$12,056
11 years$17,780$15,900$14,197$12,659$11,274$10,268
12 years$16,132$14,271$12,599$11,104$9,770$8,810
13 years$14,738$12,897$11,257$9,803$8,520$7,605
14 years$13,544$11,723$10,114$8,702$7,468$6,598
15 years$12,511$10,709$9,132$7,761$6,576$5,749
16 years$11,608$9,825$8,279$6,949$5,812$5,026
17 years$10,811$9,049$7,534$6,243$5,153$4,408
18 years$10,104$8,361$6,877$5,627$4,582$3,876
19 years$9,472$7,749$6,296$5,084$4,084$3,416
20 years$8,905$7,201$5,778$4,605$3,648$3,017
21 years$8,391$6,707$5,315$4,179$3,264$2,668
22 years$7,925$6,261$4,898$3,800$2,926$2,364
23 years$7,501$5,856$4,523$3,460$2,627$2,097
24 years$7,112$5,487$4,183$3,156$2,361$1,862
25 years$6,755$5,149$3,874$2,882$2,124$1,655
26 years$6,426$4,839$3,593$2,635$1,914$1,472
27 years$6,121$4,554$3,336$2,412$1,725$1,311
28 years$5,839$4,291$3,102$2,210$1,557$1,168
29 years$5,577$4,048$2,886$2,027$1,406$1,041
30 years$5,333$3,823$2,689$1,860$1,270$929
31 years$5,105$3,614$2,506$1,708$1,148$829
32 years$4,892$3,420$2,339$1,570$1,039$740
33 years$4,692$3,239$2,184$1,444$940$661
34 years$4,504$3,070$2,040$1,328$851$591
35 years$4,328$2,911$1,907$1,223$771$528
36 years$4,161$2,763$1,784$1,126$698$472
37 years$4,004$2,625$1,670$1,038$633$422
38 years$3,856$2,494$1,564$956$574$378
39 years$3,715$2,372$1,465$882$520$338
40 years$3,582$2,257$1,373$813$472$302
41 years$3,456$2,148$1,288$750$428$270
42 years$3,336$2,046$1,208$693$389$242
43 years$3,222$1,949$1,134$639$353$217
44 years$3,113$1,858$1,064$590$320$194
45 years$3,009$1,772$999$545$291$174
46 years$2,911$1,690$938$504$264$156
47 years$2,817$1,613$882$465$240$139
48 years$2,726$1,540$828$430$218$125
49 years$2,640$1,470$779$397$198$112
50 years$2,558$1,405$732$367$180$100

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,620,000, adding $3,758 every year, while hoping to spend $43,910 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: 61/20/19 Blend
68$2,620,000$2,620,000$2,620,000$2,620,000
69$2,891,116$2,752,256$2,711,646$3,053,058
70$3,139,290$2,840,397$2,755,767$3,251,007
71$3,411,306$2,931,385$2,799,893$3,461,731
72$3,709,550$3,025,313$2,843,980$3,690,699
73$4,036,649$3,122,278$2,887,978$3,939,687
74$4,395,496$3,222,379$2,931,835$4,210,651
75$4,789,280$3,325,719$2,975,494$4,505,745
76$5,221,511$3,432,404$3,018,898$4,827,340
77$5,696,058$3,542,544$3,061,983$5,178,046
78$6,217,179$3,656,252$3,104,683$5,560,738
79$6,789,569$3,773,646$3,146,928$5,978,583
80$7,418,397$3,894,846$3,188,642$6,435,065
81$8,109,359$4,019,979$3,229,746$6,934,025
82$8,868,728$4,149,173$3,270,158$7,479,691
83$9,703,419$4,282,563$3,309,788$8,076,721
84$10,621,045$4,420,286$3,348,544$8,730,245
85$11,629,997$4,562,485$3,386,325$9,445,913
86$12,739,519$4,709,309$3,423,029$10,229,951
87$13,959,794$4,860,910$3,458,546$11,089,214
88$15,302,045$5,017,446$3,492,759$12,031,256
89$16,778,633$5,179,081$3,525,546$13,064,399
90$18,403,180$5,345,982$3,556,778$14,197,809
91$20,190,695$5,518,326$3,586,320$15,441,586
92$22,157,713$5,696,291$3,614,029$16,806,854
93$24,322,456$5,880,065$3,639,755$18,305,873
94$26,704,999$6,069,841$3,663,340$19,952,147
95$29,327,463$6,265,818$3,684,616$21,760,557
96$32,214,223$6,468,202$3,703,410$23,747,496
97$35,392,137$6,677,206$3,719,537$25,931,028
98$38,890,798$6,893,052$3,732,804$28,331,053
99$42,742,815$7,115,967$3,743,008$30,969,503
100$46,984,120$7,346,188$3,749,937$33,870,537