Can I retire at age 69 with 2,640,000?

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 $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$218,009$216,067$214,172$212,323$210,517$209,366
2 years$107,925$105,915$103,967$102,078$100,246$99,085
3 years$71,235$69,217$67,274$65,403$63,600$62,464
4 years$52,894$50,882$48,958$47,119$45,360$44,259
5 years$41,892$39,892$37,993$36,192$34,482$33,418
6 years$34,560$32,575$30,704$28,943$27,285$26,259
7 years$29,325$27,356$25,515$23,796$22,190$21,204
8 years$25,400$23,449$21,639$19,961$18,408$17,462
9 years$22,349$20,417$18,638$17,003$15,503$14,595
10 years$19,910$17,996$16,249$14,657$13,209$12,341
11 years$17,916$16,021$14,305$12,756$11,360$10,530
12 years$16,255$14,380$12,695$11,188$9,844$9,052
13 years$14,850$12,995$11,343$9,878$8,585$7,829
14 years$13,648$11,812$10,191$8,768$7,525$6,805
15 years$12,606$10,791$9,201$7,820$6,626$5,941
16 years$11,696$9,900$8,342$7,002$5,856$5,205
17 years$10,894$9,118$7,591$6,291$5,192$4,574
18 years$10,181$8,425$6,930$5,669$4,617$4,031
19 years$9,545$7,808$6,344$5,123$4,115$3,560
20 years$8,973$7,256$5,822$4,640$3,676$3,150
21 years$8,455$6,759$5,355$4,211$3,289$2,793
22 years$7,986$6,309$4,936$3,829$2,948$2,480
23 years$7,558$5,901$4,557$3,487$2,647$2,204
24 years$7,166$5,528$4,215$3,180$2,379$1,962
25 years$6,806$5,188$3,904$2,904$2,141$1,748
26 years$6,475$4,876$3,620$2,656$1,928$1,559
27 years$6,168$4,589$3,362$2,431$1,738$1,391
28 years$5,884$4,324$3,125$2,227$1,569$1,243
29 years$5,620$4,079$2,908$2,042$1,416$1,111
30 years$5,374$3,852$2,709$1,874$1,280$993
31 years$5,144$3,642$2,526$1,721$1,157$888
32 years$4,929$3,446$2,356$1,582$1,047$795
33 years$4,728$3,263$2,200$1,455$947$712
34 years$4,539$3,093$2,056$1,339$858$638
35 years$4,361$2,934$1,922$1,232$777$572
36 years$4,193$2,784$1,798$1,135$704$512
37 years$4,035$2,645$1,683$1,046$638$459
38 years$3,885$2,513$1,576$964$578$412
39 years$3,743$2,390$1,476$889$524$369
40 years$3,609$2,274$1,384$820$476$331
41 years$3,482$2,164$1,298$756$432$297
42 years$3,361$2,061$1,217$698$392$267
43 years$3,246$1,964$1,142$644$355$239
44 years$3,137$1,872$1,072$595$323$215
45 years$3,032$1,785$1,007$549$293$193
46 years$2,933$1,703$946$507$266$173
47 years$2,838$1,625$888$469$241$155
48 years$2,747$1,551$835$433$219$140
49 years$2,661$1,482$785$400$199$125
50 years$2,578$1,415$738$370$181$113

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,640,000, adding $4,656 every year, while hoping to spend $43,329 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: 35/43/22 Blend
68$2,640,000$2,640,000$2,640,000$2,640,000
69$2,914,083$2,774,163$2,733,243$2,996,453
70$3,165,217$2,863,995$2,778,705$3,147,438
71$3,440,516$2,956,777$2,824,237$3,305,917
72$3,742,396$3,052,607$2,869,797$3,476,034
73$4,073,524$3,151,588$2,915,339$3,658,851
74$4,436,832$3,253,825$2,960,812$3,855,536
75$4,835,554$3,359,427$3,006,164$4,067,375
76$5,273,250$3,468,509$3,051,340$4,295,778
77$5,753,842$3,581,186$3,096,280$4,542,297
78$6,281,650$3,697,580$3,140,921$4,808,640
79$6,861,433$3,817,816$3,185,197$5,096,684
80$7,498,434$3,942,024$3,229,036$5,408,493
81$8,198,429$4,070,337$3,272,363$5,746,337
82$8,967,781$4,202,896$3,315,099$6,112,718
83$9,813,499$4,339,843$3,357,160$6,510,382
84$10,743,308$4,481,327$3,398,457$6,942,358
85$11,765,715$4,627,502$3,438,895$7,411,974
86$12,890,096$4,778,527$3,478,375$7,922,895
87$14,126,778$4,934,567$3,516,793$8,479,157
88$15,487,141$5,095,793$3,554,038$9,085,199
89$16,983,723$5,262,381$3,589,992$9,745,911
90$18,630,339$5,434,513$3,624,533$10,466,676
91$20,442,210$5,612,380$3,657,530$11,253,421
92$22,436,106$5,796,177$3,688,848$12,112,671
93$24,630,506$5,986,108$3,718,342$13,051,613
94$27,045,771$6,182,381$3,745,860$14,078,161
95$29,704,337$6,385,214$3,771,243$15,201,029
96$32,630,922$6,594,833$3,794,324$16,429,816
97$35,852,767$6,811,471$3,814,924$17,775,093
98$39,399,886$7,035,369$3,832,860$19,248,504
99$43,305,349$7,266,777$3,847,936$20,862,872
100$47,605,600$7,505,955$3,859,948$22,632,325