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

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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$222,963$220,977$219,040$217,149$215,302$211,735
2 years$110,378$108,322$106,330$104,398$102,525$98,942
3 years$72,854$70,790$68,803$66,889$65,046$61,558
4 years$54,096$52,038$50,071$48,190$46,391$43,026
5 years$42,844$40,798$38,857$37,014$35,266$32,032
6 years$35,345$33,315$31,402$29,601$27,905$24,806
7 years$29,991$27,978$26,095$24,336$22,694$19,732
8 years$25,977$23,982$22,131$20,415$18,827$16,001
9 years$22,857$20,881$19,061$17,389$15,855$13,163
10 years$20,362$18,405$16,618$14,990$13,509$10,950
11 years$18,323$16,385$14,630$13,045$11,618$9,188
12 years$16,624$14,707$12,984$11,443$10,068$7,764
13 years$15,188$13,290$11,600$10,102$8,780$6,598
14 years$13,958$12,081$10,423$8,968$7,696$5,634
15 years$12,893$11,036$9,411$7,997$6,776$4,829
16 years$11,962$10,125$8,532$7,161$5,989$4,153
17 years$11,141$9,325$7,764$6,434$5,310$3,582
18 years$10,413$8,617$7,087$5,798$4,722$3,096
19 years$9,762$7,986$6,488$5,239$4,208$2,681
20 years$9,176$7,421$5,954$4,745$3,759$2,326
21 years$8,648$6,912$5,477$4,307$3,364$2,021
22 years$8,167$6,452$5,048$3,916$3,015$1,758
23 years$7,730$6,035$4,661$3,566$2,707$1,531
24 years$7,329$5,654$4,310$3,252$2,433$1,335
25 years$6,961$5,306$3,992$2,970$2,189$1,164
26 years$6,622$4,987$3,703$2,716$1,972$1,016
27 years$6,308$4,693$3,438$2,486$1,778$888
28 years$6,018$4,422$3,196$2,278$1,604$776
29 years$5,748$4,172$2,974$2,089$1,449$678
30 years$5,496$3,940$2,771$1,917$1,309$593
31 years$5,261$3,725$2,583$1,760$1,183$519
32 years$5,041$3,524$2,410$1,618$1,070$455
33 years$4,835$3,338$2,250$1,488$969$398
34 years$4,642$3,163$2,102$1,369$877$349
35 years$4,460$3,000$1,966$1,260$794$305
36 years$4,288$2,848$1,839$1,161$720$267
37 years$4,126$2,705$1,721$1,069$652$234
38 years$3,973$2,570$1,612$986$591$205
39 years$3,829$2,444$1,510$909$536$180
40 years$3,691$2,325$1,415$838$486$158
41 years$3,561$2,214$1,327$773$441$138
42 years$3,437$2,108$1,245$714$400$121
43 years$3,320$2,009$1,168$659$363$106
44 years$3,208$1,915$1,097$608$330$93
45 years$3,101$1,826$1,030$562$299$82
46 years$3,000$1,742$967$519$272$72
47 years$2,903$1,662$909$479$247$63
48 years$2,810$1,587$854$443$224$55
49 years$2,721$1,515$802$409$204$48
50 years$2,636$1,447$754$378$185$42

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 $5,076 every year, while hoping to spend $43,618 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: 82/12/6 Blend
68$2,700,000$2,700,000$2,700,000$2,700,000
69$2,980,636$2,837,536$2,795,686$3,223,492
70$3,238,252$2,930,166$2,842,932$3,475,601
71$3,520,682$3,025,873$2,890,299$3,745,935
72$3,830,413$3,124,762$2,937,745$4,041,348
73$4,170,180$3,226,941$2,985,225$4,364,325
74$4,543,000$3,332,522$3,032,691$4,717,600
75$4,952,192$3,441,621$3,080,093$5,104,187
76$5,401,414$3,554,360$3,127,375$5,527,402
77$5,894,697$3,670,862$3,174,480$5,990,899
78$6,436,478$3,791,256$3,221,347$6,498,702
79$7,031,646$3,915,675$3,267,910$7,055,241
80$7,685,590$4,044,259$3,314,101$7,665,398
81$8,404,242$4,177,150$3,359,845$8,334,548
82$9,194,141$4,314,496$3,405,066$9,068,614
83$10,062,488$4,456,451$3,449,681$9,874,117
84$11,017,219$4,603,174$3,493,602$10,758,243
85$12,067,076$4,754,830$3,536,738$11,728,907
86$13,221,690$4,911,589$3,578,991$12,794,829
87$14,491,674$5,073,629$3,620,258$13,965,613
88$15,888,719$5,241,131$3,660,432$15,251,842
89$17,425,708$5,414,286$3,699,396$16,665,174
90$19,116,834$5,593,290$3,737,030$18,218,451
91$20,977,737$5,778,348$3,773,206$19,925,825
92$23,025,649$5,969,669$3,807,791$21,802,884
93$25,279,555$6,167,472$3,840,642$23,866,805
94$27,760,376$6,371,985$3,871,610$26,136,512
95$30,491,163$6,583,441$3,900,538$28,632,854
96$33,497,317$6,802,085$3,927,261$31,378,805
97$36,806,824$7,028,168$3,951,604$34,399,677
98$40,450,523$7,261,951$3,973,386$37,723,357
99$44,462,395$7,503,706$3,992,414$41,380,577
100$48,879,886$7,753,713$4,008,486$45,405,194