Can I retire at age 69 with 2,650,000?

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 $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$218,835$216,885$214,983$213,127$211,315$204,632
2 years$108,334$106,316$104,361$102,465$100,626$93,954
3 years$71,505$69,479$67,528$65,650$63,841$57,389
4 years$53,094$51,074$49,143$47,297$45,532$39,350
5 years$42,051$40,043$38,137$36,329$34,613$28,716
6 years$34,691$32,698$30,821$29,053$27,388$21,782
7 years$29,436$27,460$25,612$23,886$22,274$16,958
8 years$25,496$23,538$21,721$20,037$18,478$13,450
9 years$22,434$20,494$18,708$17,067$15,561$10,814
10 years$19,985$18,065$16,310$14,712$13,259$8,786
11 years$17,983$16,082$14,359$12,804$11,403$7,196
12 years$16,316$14,434$12,744$11,231$9,882$5,932
13 years$14,907$13,044$11,386$9,915$8,617$4,914
14 years$13,699$11,857$10,230$8,801$7,554$4,088
15 years$12,654$10,831$9,236$7,849$6,651$3,413
16 years$11,740$9,938$8,374$7,028$5,878$2,857
17 years$10,935$9,152$7,620$6,315$5,212$2,397
18 years$10,220$8,457$6,956$5,691$4,634$2,014
19 years$9,581$7,838$6,368$5,142$4,131$1,696
20 years$9,007$7,283$5,844$4,657$3,689$1,430
21 years$8,487$6,784$5,376$4,227$3,302$1,206
22 years$8,016$6,333$4,954$3,843$2,959$1,019
23 years$7,587$5,923$4,575$3,500$2,657$861
24 years$7,193$5,549$4,231$3,192$2,388$729
25 years$6,832$5,208$3,918$2,915$2,149$617
26 years$6,499$4,895$3,634$2,666$1,935$522
27 years$6,192$4,606$3,375$2,440$1,745$442
28 years$5,906$4,341$3,137$2,235$1,575$375
29 years$5,641$4,095$2,919$2,050$1,422$318
30 years$5,394$3,867$2,719$1,881$1,285$269
31 years$5,164$3,656$2,535$1,728$1,161$228
32 years$4,948$3,459$2,365$1,588$1,051$194
33 years$4,746$3,276$2,209$1,460$951$164
34 years$4,556$3,105$2,064$1,344$861$139
35 years$4,377$2,945$1,929$1,237$780$118
36 years$4,209$2,795$1,805$1,139$706$100
37 years$4,050$2,655$1,689$1,050$640$85
38 years$3,900$2,523$1,582$967$580$72
39 years$3,758$2,399$1,482$892$526$61
40 years$3,623$2,282$1,389$823$477$52
41 years$3,495$2,173$1,303$759$433$44
42 years$3,374$2,069$1,222$701$393$37
43 years$3,258$1,971$1,147$647$357$32
44 years$3,149$1,879$1,076$597$324$27
45 years$3,044$1,792$1,011$551$294$23
46 years$2,944$1,710$949$509$267$19
47 years$2,849$1,631$892$471$242$17
48 years$2,758$1,557$838$435$220$14
49 years$2,671$1,487$788$402$200$12
50 years$2,587$1,421$740$371$182$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,650,000, adding $5,081 every year, while hoping to spend $54,644 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: 84/11/5 Blend
68$2,650,000$2,650,000$2,650,000$2,650,000
69$2,925,541$2,785,091$2,744,016$3,170,797
70$3,165,805$2,863,420$2,777,800$3,409,868
71$3,428,745$2,943,755$2,810,884$3,664,415
72$3,716,616$3,026,138$2,843,187$3,942,242
73$4,031,901$3,110,608$2,874,624$4,245,647
74$4,377,335$3,197,208$2,905,104$4,577,163
75$4,755,930$3,285,978$2,934,531$4,939,577
76$5,171,002$3,376,959$2,962,806$5,335,959
77$5,626,207$3,470,192$2,989,822$5,769,691
78$6,125,566$3,565,718$3,015,468$6,244,498
79$6,673,513$3,663,578$3,039,625$6,764,479
80$7,274,930$3,763,811$3,062,171$7,334,154
81$7,935,194$3,866,459$3,082,975$7,958,498
82$8,660,228$3,971,560$3,101,899$8,642,993
83$9,456,559$4,079,154$3,118,800$9,393,675
84$10,331,375$4,189,279$3,133,527$10,217,197
85$11,292,595$4,301,974$3,145,920$11,120,886
86$12,348,943$4,417,274$3,155,811$12,112,812
87$13,510,030$4,535,215$3,163,026$13,201,868
88$14,786,445$4,655,833$3,167,380$14,397,851
89$16,189,854$4,779,160$3,168,678$15,711,554
90$17,733,110$4,905,229$3,166,719$17,154,866
91$19,430,371$5,034,070$3,161,289$18,740,890
92$21,297,241$5,165,711$3,152,164$20,484,058
93$23,350,908$5,300,180$3,139,110$22,400,274
94$25,610,312$5,437,499$3,121,881$24,507,061
95$28,096,319$5,577,692$3,100,220$26,823,723
96$30,831,923$5,720,778$3,073,856$29,371,534
97$33,842,456$5,866,774$3,042,507$32,173,931
98$37,155,832$6,015,691$3,005,877$35,256,740
99$40,802,809$6,167,542$2,963,655$38,648,418
100$44,817,275$6,322,331$2,915,517$42,380,320