Can I retire at age 69 with 2,630,000?

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$217,183$215,248$213,361$211,519$209,720$205,402
2 years$107,516$105,514$103,573$101,692$99,867$95,536
3 years$70,966$68,955$67,019$65,155$63,359$59,151
4 years$52,694$50,689$48,773$46,940$45,189$41,135
5 years$41,734$39,741$37,849$36,055$34,352$30,464
6 years$34,429$32,451$30,588$28,833$27,181$23,464
7 years$29,214$27,253$25,419$23,705$22,106$18,560
8 years$25,304$23,360$21,557$19,886$18,339$14,964
9 years$22,265$20,339$18,567$16,938$15,444$12,237
10 years$19,835$17,928$16,187$14,601$13,159$10,116
11 years$17,848$15,960$14,251$12,707$11,317$8,436
12 years$16,193$14,325$12,647$11,146$9,807$7,082
13 years$14,794$12,946$11,300$9,840$8,552$5,979
14 years$13,596$11,767$10,153$8,735$7,497$5,071
15 years$12,559$10,750$9,167$7,790$6,601$4,317
16 years$11,652$9,863$8,311$6,975$5,834$3,686
17 years$10,853$9,083$7,563$6,267$5,173$3,156
18 years$10,143$8,393$6,904$5,648$4,599$2,708
19 years$9,509$7,779$6,320$5,103$4,099$2,329
20 years$8,939$7,228$5,800$4,622$3,662$2,005
21 years$8,423$6,733$5,335$4,195$3,277$1,729
22 years$7,956$6,285$4,917$3,814$2,937$1,492
23 years$7,529$5,878$4,540$3,474$2,637$1,290
24 years$7,139$5,508$4,199$3,168$2,370$1,115
25 years$6,781$5,169$3,889$2,893$2,132$965
26 years$6,450$4,858$3,607$2,645$1,921$836
27 years$6,145$4,572$3,349$2,421$1,732$724
28 years$5,862$4,308$3,113$2,219$1,563$628
29 years$5,599$4,064$2,897$2,035$1,411$545
30 years$5,354$3,838$2,699$1,867$1,275$472
31 years$5,125$3,628$2,516$1,715$1,153$410
32 years$4,911$3,433$2,347$1,576$1,043$356
33 years$4,710$3,251$2,192$1,449$944$309
34 years$4,521$3,081$2,048$1,333$854$268
35 years$4,344$2,922$1,915$1,227$774$233
36 years$4,177$2,774$1,791$1,130$701$202
37 years$4,019$2,635$1,676$1,042$635$176
38 years$3,870$2,504$1,570$960$576$153
39 years$3,729$2,381$1,471$885$522$133
40 years$3,596$2,265$1,379$816$474$115
41 years$3,469$2,156$1,293$753$430$100
42 years$3,348$2,054$1,213$695$390$87
43 years$3,234$1,957$1,138$642$354$76
44 years$3,125$1,865$1,068$593$321$66
45 years$3,021$1,778$1,003$547$292$57
46 years$2,922$1,697$942$506$265$50
47 years$2,827$1,619$885$467$241$43
48 years$2,737$1,546$832$432$218$38
49 years$2,650$1,476$782$399$198$33
50 years$2,568$1,410$735$369$180$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,630,000, adding $3,269 every year, while hoping to spend $48,730 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: 78/12/10 Blend
68$2,630,000$2,630,000$2,630,000$2,630,000
69$2,901,632$2,762,242$2,721,477$3,122,803
70$3,145,750$2,845,743$2,760,798$3,352,115
71$3,413,135$2,931,703$2,799,803$3,596,945
72$3,706,109$3,020,191$2,838,430$3,864,054
73$4,027,228$3,111,276$2,876,614$4,155,642
74$4,379,308$3,205,032$2,914,284$4,474,131
75$4,765,453$3,301,533$2,951,367$4,822,189
76$5,189,076$3,400,856$2,987,785$5,202,755
77$5,653,942$3,503,078$3,023,456$5,619,064
78$6,164,195$3,608,280$3,058,293$6,074,680
79$6,724,401$3,716,543$3,092,204$6,573,530
80$7,339,588$3,827,953$3,125,091$7,119,935
81$8,015,298$3,942,594$3,156,854$7,718,659
82$8,757,633$4,060,555$3,187,383$8,374,949
83$9,573,316$4,181,927$3,216,565$9,094,582
84$10,469,755$4,306,802$3,244,280$9,883,926
85$11,455,109$4,435,275$3,270,403$10,749,993
86$12,538,369$4,567,442$3,294,800$11,700,509
87$13,729,439$4,703,403$3,317,332$12,743,987
88$15,039,231$4,843,258$3,337,851$13,889,803
89$16,479,767$4,987,113$3,356,204$15,148,289
90$18,064,294$5,135,072$3,372,227$16,530,827
91$19,807,405$5,287,244$3,385,751$18,049,959
92$21,725,182$5,443,740$3,396,595$19,719,501
93$23,835,340$5,604,673$3,404,570$21,554,679
94$26,157,402$5,770,159$3,409,480$23,572,265
95$28,712,876$5,940,316$3,411,117$25,790,741
96$31,525,461$6,115,264$3,409,262$28,230,473
97$34,621,273$6,295,126$3,403,686$30,913,899
98$38,029,084$6,480,029$3,394,151$33,865,742
99$41,780,600$6,670,099$3,380,405$37,113,246
100$45,910,756$6,865,469$3,362,183$40,686,429