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

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$217,183$215,248$213,361$211,519$209,720$205,234
2 years$107,516$105,514$103,573$101,692$99,867$95,369
3 years$70,966$68,955$67,019$65,155$63,359$58,990
4 years$52,694$50,689$48,773$46,940$45,189$40,982
5 years$41,734$39,741$37,849$36,055$34,352$30,319
6 years$34,429$32,451$30,588$28,833$27,181$23,327
7 years$29,214$27,253$25,419$23,705$22,106$18,431
8 years$25,304$23,360$21,557$19,886$18,339$14,842
9 years$22,265$20,339$18,567$16,938$15,444$12,123
10 years$19,835$17,928$16,187$14,601$13,159$10,010
11 years$17,848$15,960$14,251$12,707$11,317$8,336
12 years$16,193$14,325$12,647$11,146$9,807$6,990
13 years$14,794$12,946$11,300$9,840$8,552$5,893
14 years$13,596$11,767$10,153$8,735$7,497$4,991
15 years$12,559$10,750$9,167$7,790$6,601$4,243
16 years$11,652$9,863$8,311$6,975$5,834$3,618
17 years$10,853$9,083$7,563$6,267$5,173$3,094
18 years$10,143$8,393$6,904$5,648$4,599$2,651
19 years$9,509$7,779$6,320$5,103$4,099$2,275
20 years$8,939$7,228$5,800$4,622$3,662$1,956
21 years$8,423$6,733$5,335$4,195$3,277$1,684
22 years$7,956$6,285$4,917$3,814$2,937$1,452
23 years$7,529$5,878$4,540$3,474$2,637$1,253
24 years$7,139$5,508$4,199$3,168$2,370$1,082
25 years$6,781$5,169$3,889$2,893$2,132$935
26 years$6,450$4,858$3,607$2,645$1,921$808
27 years$6,145$4,572$3,349$2,421$1,732$699
28 years$5,862$4,308$3,113$2,219$1,563$605
29 years$5,599$4,064$2,897$2,035$1,411$524
30 years$5,354$3,838$2,699$1,867$1,275$454
31 years$5,125$3,628$2,516$1,715$1,153$393
32 years$4,911$3,433$2,347$1,576$1,043$341
33 years$4,710$3,251$2,192$1,449$944$295
34 years$4,521$3,081$2,048$1,333$854$256
35 years$4,344$2,922$1,915$1,227$774$222
36 years$4,177$2,774$1,791$1,130$701$193
37 years$4,019$2,635$1,676$1,042$635$167
38 years$3,870$2,504$1,570$960$576$145
39 years$3,729$2,381$1,471$885$522$126
40 years$3,596$2,265$1,379$816$474$109
41 years$3,469$2,156$1,293$753$430$95
42 years$3,348$2,054$1,213$695$390$82
43 years$3,234$1,957$1,138$642$354$71
44 years$3,125$1,865$1,068$593$321$62
45 years$3,021$1,778$1,003$547$292$54
46 years$2,922$1,697$942$506$265$47
47 years$2,827$1,619$885$467$241$40
48 years$2,737$1,546$832$432$218$35
49 years$2,650$1,476$782$399$198$30
50 years$2,568$1,410$735$369$180$26

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 $4,969 every year, while hoping to spend $21,233 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: 79/14/7 Blend
68$2,630,000$2,630,000$2,630,000$2,630,000
69$2,903,386$2,763,996$2,723,231$3,130,102
70$3,176,939$2,876,840$2,791,867$3,392,278
71$3,477,684$2,994,501$2,862,091$3,676,524
72$3,808,370$3,117,194$2,933,934$3,987,695
73$4,172,029$3,245,142$3,007,426$4,328,465
74$4,572,000$3,378,579$3,082,599$4,701,777
75$5,011,963$3,517,748$3,159,485$5,110,873
76$5,495,971$3,662,905$3,238,115$5,559,321
77$6,028,490$3,814,318$3,318,523$6,051,053
78$6,614,443$3,972,266$3,400,739$6,590,395
79$7,259,250$4,137,041$3,484,799$7,182,113
80$7,968,887$4,308,950$3,570,733$7,831,457
81$8,749,937$4,488,311$3,658,575$8,544,206
82$9,609,652$4,675,461$3,748,360$9,326,727
83$10,556,027$4,870,748$3,840,120$10,186,033
84$11,597,866$5,074,539$3,933,888$11,129,845
85$12,744,874$5,287,218$4,029,699$12,166,672
86$14,007,744$5,509,184$4,127,587$13,305,883
87$15,398,258$5,740,858$4,227,585$14,557,799
88$16,929,399$5,982,678$4,329,728$15,933,791
89$18,615,472$6,235,104$4,434,048$17,446,383
90$20,472,242$6,498,616$4,540,581$19,109,371
91$22,517,079$6,773,717$4,649,359$20,937,955
92$24,769,125$7,060,933$4,760,416$22,948,879
93$27,249,471$7,360,814$4,873,785$25,160,587
94$29,981,361$7,673,937$4,989,500$27,593,403
95$32,990,405$8,000,905$5,107,594$30,269,713
96$36,304,826$8,342,350$5,228,098$33,214,183
97$39,955,725$8,698,931$5,351,046$36,453,987
98$43,977,371$9,071,341$5,476,468$40,019,065
99$48,407,529$9,460,303$5,604,396$43,942,402
100$53,287,813$9,866,574$5,734,860$48,260,341