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%15.6%
1 years$216,357$214,430$212,550$210,714$208,922$204,121
2 years$107,108$105,113$103,179$101,305$99,487$94,676
3 years$70,696$68,692$66,764$64,907$63,119$58,448
4 years$52,493$50,496$48,587$46,762$45,017$40,523
5 years$41,575$39,590$37,706$35,918$34,221$29,917
6 years$34,298$32,328$30,472$28,724$27,078$22,968
7 years$29,103$27,149$25,322$23,615$22,022$18,106
8 years$25,208$23,272$21,475$19,810$18,269$14,546
9 years$22,180$20,262$18,497$16,874$15,385$11,853
10 years$19,759$17,860$16,126$14,546$13,109$9,763
11 years$17,780$15,900$14,197$12,659$11,274$8,110
12 years$16,132$14,271$12,599$11,104$9,770$6,782
13 years$14,738$12,897$11,257$9,803$8,520$5,703
14 years$13,544$11,723$10,114$8,702$7,468$4,817
15 years$12,511$10,709$9,132$7,761$6,576$4,084
16 years$11,608$9,825$8,279$6,949$5,812$3,472
17 years$10,811$9,049$7,534$6,243$5,153$2,960
18 years$10,104$8,361$6,877$5,627$4,582$2,529
19 years$9,472$7,749$6,296$5,084$4,084$2,165
20 years$8,905$7,201$5,778$4,605$3,648$1,855
21 years$8,391$6,707$5,315$4,179$3,264$1,593
22 years$7,925$6,261$4,898$3,800$2,926$1,368
23 years$7,501$5,856$4,523$3,460$2,627$1,177
24 years$7,112$5,487$4,183$3,156$2,361$1,013
25 years$6,755$5,149$3,874$2,882$2,124$873
26 years$6,426$4,839$3,593$2,635$1,914$752
27 years$6,121$4,554$3,336$2,412$1,725$648
28 years$5,839$4,291$3,102$2,210$1,557$559
29 years$5,577$4,048$2,886$2,027$1,406$483
30 years$5,333$3,823$2,689$1,860$1,270$417
31 years$5,105$3,614$2,506$1,708$1,148$360
32 years$4,892$3,420$2,339$1,570$1,039$311
33 years$4,692$3,239$2,184$1,444$940$269
34 years$4,504$3,070$2,040$1,328$851$232
35 years$4,328$2,911$1,907$1,223$771$201
36 years$4,161$2,763$1,784$1,126$698$173
37 years$4,004$2,625$1,670$1,038$633$150
38 years$3,856$2,494$1,564$956$574$130
39 years$3,715$2,372$1,465$882$520$112
40 years$3,582$2,257$1,373$813$472$97
41 years$3,456$2,148$1,288$750$428$84
42 years$3,336$2,046$1,208$693$389$72
43 years$3,222$1,949$1,134$639$353$63
44 years$3,113$1,858$1,064$590$320$54
45 years$3,009$1,772$999$545$291$47
46 years$2,911$1,690$938$504$264$41
47 years$2,817$1,613$882$465$240$35
48 years$2,726$1,540$828$430$218$30
49 years$2,640$1,470$779$397$198$26
50 years$2,558$1,405$732$367$180$23

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 $4,933 every year, while hoping to spend $50,661 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: 63/19/18 Blend
68$2,620,000$2,620,000$2,620,000$2,620,000
69$2,892,328$2,753,468$2,712,858$3,061,090
70$3,133,443$2,834,485$2,749,836$3,256,208
71$3,397,453$2,917,774$2,786,355$3,463,029
72$3,686,641$3,003,393$2,822,346$3,687,700
73$4,003,520$3,091,400$2,857,735$3,931,964
74$4,350,856$3,181,857$2,892,447$4,197,741
75$4,731,699$3,274,823$2,926,399$4,487,143
76$5,149,405$3,370,362$2,959,506$4,802,498
77$5,607,672$3,468,537$2,991,677$5,146,369
78$6,110,572$3,569,413$3,022,816$5,521,579
79$6,662,592$3,673,056$3,052,822$5,931,237
80$7,268,674$3,779,533$3,081,589$6,378,767
81$7,934,260$3,888,912$3,109,004$6,867,942
82$8,665,348$4,001,262$3,134,949$7,402,916
83$9,468,544$4,116,654$3,159,300$7,988,268
84$10,351,124$4,235,159$3,181,925$8,629,038
85$11,321,107$4,356,849$3,202,687$9,330,783
86$12,387,324$4,481,799$3,221,441$10,099,623
87$13,559,506$4,610,082$3,238,035$10,942,299
88$14,848,374$4,741,775$3,252,307$11,866,240
89$16,265,739$4,876,953$3,264,091$12,879,631
90$17,824,614$5,015,694$3,273,208$13,991,488
91$19,539,338$5,158,076$3,279,473$15,211,747
92$21,425,707$5,304,177$3,282,692$16,551,355
93$23,501,126$5,454,079$3,282,659$18,022,373
94$25,784,772$5,607,861$3,279,160$19,638,093
95$28,297,777$5,765,604$3,271,970$21,413,158
96$31,063,421$5,927,389$3,260,851$23,363,705
97$34,107,358$6,093,299$3,245,558$25,507,513
98$37,457,853$6,263,416$3,225,829$27,864,177
99$41,146,053$6,437,822$3,201,393$30,455,283
100$45,206,275$6,616,600$3,171,965$33,304,623