Can I retire at age 69 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$220,486$218,522$216,606$214,736$212,910$209,469
2 years$109,152$107,119$105,149$103,238$101,385$97,928
3 years$72,045$70,003$68,038$66,146$64,323$60,957
4 years$53,495$51,460$49,514$47,654$45,876$42,627
5 years$42,368$40,345$38,425$36,603$34,874$31,752
6 years$34,953$32,945$31,053$29,272$27,595$24,603
7 years$29,658$27,667$25,805$24,066$22,442$19,581
8 years$25,689$23,716$21,885$20,188$18,618$15,888
9 years$22,603$20,649$18,850$17,196$15,679$13,078
10 years$20,136$18,201$16,433$14,823$13,359$10,885
11 years$18,119$16,203$14,468$12,901$11,489$9,140
12 years$16,439$14,543$12,840$11,316$9,956$7,728
13 years$15,019$13,143$11,471$9,990$8,682$6,572
14 years$13,803$11,946$10,307$8,868$7,611$5,616
15 years$12,750$10,913$9,306$7,909$6,701$4,817
16 years$11,829$10,013$8,437$7,081$5,922$4,145
17 years$11,018$9,221$7,678$6,362$5,251$3,577
18 years$10,297$8,521$7,009$5,734$4,669$3,094
19 years$9,653$7,897$6,416$5,181$4,162$2,682
20 years$9,074$7,338$5,888$4,692$3,717$2,328
21 years$8,552$6,835$5,416$4,259$3,327$2,025
22 years$8,077$6,381$4,992$3,872$2,982$1,763
23 years$7,644$5,968$4,609$3,526$2,677$1,536
24 years$7,248$5,591$4,263$3,216$2,406$1,340
25 years$6,884$5,247$3,948$2,937$2,165$1,170
26 years$6,548$4,931$3,662$2,686$1,950$1,022
27 years$6,238$4,641$3,400$2,458$1,758$894
28 years$5,951$4,373$3,161$2,252$1,586$782
29 years$5,684$4,126$2,941$2,065$1,432$684
30 years$5,435$3,896$2,740$1,896$1,294$599
31 years$5,203$3,683$2,554$1,741$1,170$524
32 years$4,985$3,485$2,383$1,600$1,059$459
33 years$4,782$3,300$2,225$1,471$958$403
34 years$4,590$3,128$2,079$1,354$867$353
35 years$4,410$2,967$1,944$1,246$786$309
36 years$4,241$2,816$1,818$1,148$712$271
37 years$4,080$2,675$1,702$1,057$645$238
38 years$3,929$2,542$1,594$975$585$209
39 years$3,786$2,417$1,493$899$530$183
40 years$3,650$2,300$1,400$829$481$161
41 years$3,522$2,189$1,312$765$436$141
42 years$3,399$2,085$1,231$706$396$124
43 years$3,283$1,986$1,155$652$359$108
44 years$3,172$1,893$1,084$602$326$95
45 years$3,067$1,806$1,018$556$296$84
46 years$2,966$1,722$956$513$269$73
47 years$2,870$1,644$898$474$244$64
48 years$2,779$1,569$844$438$222$56
49 years$2,691$1,498$794$405$201$50
50 years$2,607$1,431$746$374$183$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,670,000, adding $5,917 every year, while hoping to spend $46,151 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: 50/43/7 Blend
68$2,670,000$2,670,000$2,670,000$2,670,000
69$2,948,443$2,806,933$2,765,548$3,090,335
70$3,200,080$2,895,369$2,809,090$3,276,136
71$3,475,837$2,986,591$2,852,543$3,472,484
72$3,778,126$3,080,687$2,895,857$3,684,742
73$4,109,603$3,177,748$2,938,976$3,914,409
74$4,473,192$3,277,868$2,981,842$4,163,135
75$4,872,117$3,381,143$3,024,392$4,432,735
76$5,309,925$3,487,671$3,066,562$4,725,205
77$5,790,527$3,597,557$3,108,281$5,042,739
78$6,318,229$3,710,905$3,149,477$5,387,754
79$6,897,774$3,827,824$3,190,069$5,762,906
80$7,534,387$3,948,428$3,229,977$6,171,120
81$8,233,826$4,072,833$3,269,113$6,615,614
82$9,002,432$4,201,157$3,307,384$7,099,930
83$9,847,191$4,333,525$3,344,693$7,627,966
84$10,775,801$4,470,065$3,380,936$8,204,013
85$11,796,742$4,610,907$3,416,006$8,832,796
86$12,919,355$4,756,187$3,449,788$9,519,515
87$14,153,934$4,906,045$3,482,161$10,269,896
88$15,511,820$5,060,626$3,512,998$11,090,243
89$17,005,507$5,220,078$3,542,165$11,987,500
90$18,648,762$5,384,554$3,569,521$12,969,310
91$20,456,752$5,554,214$3,594,916$14,044,093
92$22,446,191$5,729,221$3,618,196$15,221,119
93$24,635,493$5,909,743$3,639,195$16,510,599
94$27,044,946$6,095,953$3,657,742$17,923,778
95$29,696,908$6,288,032$3,673,653$19,473,043
96$32,616,011$6,486,164$3,686,739$21,172,037
97$35,829,398$6,690,540$3,696,799$23,035,787
98$39,366,977$6,901,357$3,703,622$25,080,846
99$43,261,703$7,118,818$3,706,988$27,325,448
100$47,549,889$7,343,132$3,706,664$29,789,679