Can I retire at age 69 with 2,680,000?

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 $2,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$221,312$219,341$217,417$215,540$213,707$205,390
2 years$109,560$107,520$105,542$103,625$101,765$93,487
3 years$72,315$70,265$68,293$66,394$64,564$56,584
4 years$53,696$51,653$49,700$47,833$46,048$38,427
5 years$42,527$40,496$38,569$36,740$35,005$27,764
6 years$35,084$33,068$31,170$29,381$27,698$20,841
7 years$29,769$27,771$25,902$24,156$22,526$16,050
8 years$25,785$23,805$21,967$20,264$18,687$12,587
9 years$22,688$20,726$18,920$17,260$15,737$10,003
10 years$20,212$18,269$16,495$14,879$13,409$8,030
11 years$18,187$16,264$14,522$12,949$11,532$6,496
12 years$16,501$14,598$12,888$11,358$9,994$5,288
13 years$15,075$13,192$11,514$10,027$8,715$4,324
14 years$13,855$11,991$10,346$8,901$7,639$3,550
15 years$12,797$10,954$9,341$7,938$6,726$2,924
16 years$11,873$10,050$8,469$7,108$5,945$2,414
17 years$11,059$9,256$7,706$6,386$5,271$1,997
18 years$10,336$8,553$7,035$5,755$4,687$1,655
19 years$9,689$7,927$6,440$5,200$4,177$1,373
20 years$9,108$7,366$5,910$4,710$3,731$1,141
21 years$8,584$6,861$5,436$4,275$3,339$949
22 years$8,107$6,404$5,011$3,887$2,993$790
23 years$7,672$5,990$4,626$3,540$2,687$657
24 years$7,275$5,612$4,279$3,228$2,415$548
25 years$6,909$5,267$3,963$2,948$2,173$457
26 years$6,573$4,950$3,675$2,696$1,957$381
27 years$6,262$4,658$3,413$2,468$1,765$318
28 years$5,973$4,390$3,173$2,261$1,592$265
29 years$5,705$4,141$2,952$2,073$1,438$221
30 years$5,455$3,911$2,750$1,903$1,299$185
31 years$5,222$3,697$2,564$1,747$1,175$154
32 years$5,004$3,498$2,392$1,606$1,062$129
33 years$4,799$3,313$2,234$1,477$962$107
34 years$4,607$3,140$2,087$1,359$871$90
35 years$4,427$2,978$1,951$1,251$789$75
36 years$4,256$2,827$1,825$1,152$714$63
37 years$4,096$2,685$1,708$1,061$648$52
38 years$3,944$2,551$1,600$978$587$44
39 years$3,800$2,426$1,499$902$532$36
40 years$3,664$2,308$1,405$832$483$30
41 years$3,535$2,197$1,317$768$438$25
42 years$3,412$2,093$1,236$708$397$21
43 years$3,295$1,994$1,160$654$361$18
44 years$3,184$1,900$1,088$604$327$15
45 years$3,078$1,812$1,022$558$297$12
46 years$2,977$1,729$960$515$270$10
47 years$2,881$1,650$902$476$245$9
48 years$2,789$1,575$847$440$223$7
49 years$2,701$1,504$797$406$202$6
50 years$2,617$1,437$749$376$184$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,680,000, adding $3,347 every year, while hoping to spend $24,951 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: 70/7/23 Blend
68$2,680,000$2,680,000$2,680,000$2,680,000
69$2,956,812$2,814,772$2,773,232$3,146,500
70$3,231,860$2,926,149$2,839,588$3,385,099
71$3,534,125$3,042,146$2,907,330$3,642,956
72$3,866,360$3,162,965$2,976,479$3,924,622
73$4,231,592$3,288,814$3,047,055$4,232,453
74$4,633,160$3,419,911$3,119,077$4,569,045
75$5,074,742$3,556,486$3,192,566$4,937,256
76$5,560,388$3,698,777$3,267,539$5,340,234
77$6,094,563$3,847,032$3,344,017$5,781,446
78$6,682,185$4,001,513$3,422,018$6,264,708
79$7,328,673$4,162,492$3,501,561$6,794,225
80$8,039,997$4,330,253$3,582,662$7,374,628
81$8,822,735$4,505,095$3,665,340$8,011,019
82$9,684,137$4,687,327$3,749,612$8,709,014
83$10,632,188$4,877,275$3,835,493$9,474,803
84$11,675,689$5,075,279$3,923,000$10,315,203
85$12,824,336$5,281,695$4,012,147$11,237,724
86$14,088,813$5,496,893$4,102,949$12,250,638
87$15,480,894$5,721,262$4,195,419$13,363,058
88$17,013,550$5,955,209$4,289,571$14,585,025
89$18,701,075$6,199,158$4,385,415$15,927,599
90$20,559,221$6,453,552$4,482,962$17,402,964
91$22,605,342$6,718,858$4,582,222$19,024,547
92$24,858,564$6,995,559$4,683,204$20,807,136
93$27,339,960$7,284,163$4,785,914$22,767,029
94$30,072,752$7,585,203$4,890,358$24,922,178
95$33,082,529$7,899,234$4,996,540$27,292,364
96$36,397,486$8,226,836$5,104,464$29,899,382
97$40,048,697$8,568,618$5,214,131$32,767,245
98$44,070,399$8,925,215$5,325,539$35,922,413
99$48,500,321$9,297,292$5,438,686$39,394,037
100$53,380,040$9,685,546$5,553,568$43,214,240