Can I retire at age 69 with 2,700,000?

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 $2,700,000?

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$222,963$220,977$219,040$217,149$215,302$210,696
2 years$110,378$108,322$106,330$104,398$102,525$97,907
3 years$72,854$70,790$68,803$66,889$65,046$60,561
4 years$54,096$52,038$50,071$48,190$46,391$42,073
5 years$42,844$40,798$38,857$37,014$35,266$31,126
6 years$35,345$33,315$31,402$29,601$27,905$23,948
7 years$29,991$27,978$26,095$24,336$22,694$18,921
8 years$25,977$23,982$22,131$20,415$18,827$15,237
9 years$22,857$20,881$19,061$17,389$15,855$12,445
10 years$20,362$18,405$16,618$14,990$13,509$10,276
11 years$18,323$16,385$14,630$13,045$11,618$8,558
12 years$16,624$14,707$12,984$11,443$10,068$7,176
13 years$15,188$13,290$11,600$10,102$8,780$6,050
14 years$13,958$12,081$10,423$8,968$7,696$5,124
15 years$12,893$11,036$9,411$7,997$6,776$4,356
16 years$11,962$10,125$8,532$7,161$5,989$3,715
17 years$11,141$9,325$7,764$6,434$5,310$3,176
18 years$10,413$8,617$7,087$5,798$4,722$2,721
19 years$9,762$7,986$6,488$5,239$4,208$2,336
20 years$9,176$7,421$5,954$4,745$3,759$2,008
21 years$8,648$6,912$5,477$4,307$3,364$1,729
22 years$8,167$6,452$5,048$3,916$3,015$1,490
23 years$7,730$6,035$4,661$3,566$2,707$1,286
24 years$7,329$5,654$4,310$3,252$2,433$1,110
25 years$6,961$5,306$3,992$2,970$2,189$959
26 years$6,622$4,987$3,703$2,716$1,972$830
27 years$6,308$4,693$3,438$2,486$1,778$718
28 years$6,018$4,422$3,196$2,278$1,604$621
29 years$5,748$4,172$2,974$2,089$1,449$538
30 years$5,496$3,940$2,771$1,917$1,309$466
31 years$5,261$3,725$2,583$1,760$1,183$404
32 years$5,041$3,524$2,410$1,618$1,070$350
33 years$4,835$3,338$2,250$1,488$969$303
34 years$4,642$3,163$2,102$1,369$877$263
35 years$4,460$3,000$1,966$1,260$794$228
36 years$4,288$2,848$1,839$1,161$720$198
37 years$4,126$2,705$1,721$1,069$652$171
38 years$3,973$2,570$1,612$986$591$149
39 years$3,829$2,444$1,510$909$536$129
40 years$3,691$2,325$1,415$838$486$112
41 years$3,561$2,214$1,327$773$441$97
42 years$3,437$2,108$1,245$714$400$84
43 years$3,320$2,009$1,168$659$363$73
44 years$3,208$1,915$1,097$608$330$63
45 years$3,101$1,826$1,030$562$299$55
46 years$3,000$1,742$967$519$272$48
47 years$2,903$1,662$909$479$247$41
48 years$2,810$1,587$854$443$224$36
49 years$2,721$1,515$802$409$204$31
50 years$2,636$1,447$754$378$185$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,700,000, adding $3,784 every year, while hoping to spend $29,999 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: 63/25/12 Blend
68$2,700,000$2,700,000$2,700,000$2,700,000
69$2,979,303$2,836,203$2,794,353$3,158,447
70$3,251,273$2,943,258$2,856,045$3,385,876
71$3,549,979$3,054,554$2,918,799$3,630,306
72$3,878,116$3,170,266$2,982,617$3,896,462
73$4,238,653$3,290,578$3,047,504$4,186,453
74$4,634,861$3,415,682$3,113,461$4,502,602
75$5,070,344$3,545,777$3,180,489$4,847,463
76$5,549,072$3,681,074$3,248,588$5,223,846
77$6,075,419$3,821,788$3,317,758$5,634,847
78$6,654,205$3,968,149$3,387,996$6,083,869
79$7,290,738$4,120,392$3,459,298$6,574,661
80$7,990,869$4,278,767$3,531,660$7,111,348
81$8,761,041$4,443,530$3,605,074$7,698,473
82$9,608,357$4,614,953$3,679,534$8,341,035
83$10,540,641$4,793,317$3,755,030$9,044,538
84$11,566,513$4,978,916$3,831,550$9,815,044
85$12,695,471$5,172,057$3,909,081$10,659,227
86$13,937,982$5,373,061$3,987,608$11,584,434
87$15,305,578$5,582,263$4,067,115$12,598,758
88$16,810,966$5,800,012$4,147,582$13,711,109
89$18,468,145$6,026,674$4,228,987$14,931,302
90$20,292,545$6,262,630$4,311,307$16,270,145
91$22,301,164$6,508,278$4,394,515$17,739,540
92$24,512,733$6,764,034$4,478,582$19,352,597
93$26,947,893$7,030,333$4,563,476$21,123,757
94$29,629,388$7,307,629$4,649,162$23,068,925
95$32,582,279$7,596,396$4,735,602$25,205,619
96$35,834,182$7,897,130$4,822,754$27,553,136
97$39,415,526$8,210,347$4,910,575$30,132,735
98$43,359,845$8,536,589$4,999,014$32,967,830
99$47,704,088$8,876,421$5,088,020$36,084,217
100$52,488,973$9,230,434$5,177,537$39,510,311