Can I retire at age 69 with 2,710,000?

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$223,789$221,796$219,851$217,953$216,099$208,432
2 years$110,787$108,723$106,724$104,785$102,904$95,261
3 years$73,124$71,052$69,057$67,137$65,287$57,908
4 years$54,297$52,231$50,256$48,368$46,563$39,505
5 years$43,003$40,950$39,001$37,151$35,397$28,678
6 years$35,476$33,438$31,518$29,710$28,008$21,634
7 years$30,102$28,081$26,192$24,426$22,778$16,748
8 years$26,074$24,071$22,213$20,491$18,897$13,204
9 years$22,942$20,958$19,132$17,454$15,914$10,552
10 years$20,438$18,474$16,680$15,045$13,559$8,519
11 years$18,391$16,446$14,684$13,094$11,661$6,932
12 years$16,686$14,761$13,032$11,485$10,106$5,676
13 years$15,244$13,340$11,643$10,140$8,812$4,671
14 years$14,010$12,125$10,462$9,001$7,725$3,859
15 years$12,941$11,077$9,445$8,027$6,801$3,199
16 years$12,006$10,163$8,564$7,187$6,011$2,658
17 years$11,183$9,359$7,793$6,458$5,330$2,214
18 years$10,451$8,649$7,114$5,820$4,739$1,847
19 years$9,798$8,015$6,512$5,259$4,224$1,543
20 years$9,210$7,448$5,977$4,763$3,773$1,291
21 years$8,680$6,938$5,497$4,322$3,376$1,081
22 years$8,198$6,476$5,067$3,930$3,026$906
23 years$7,758$6,057$4,678$3,579$2,717$760
24 years$7,356$5,675$4,326$3,264$2,442$638
25 years$6,987$5,326$4,007$2,981$2,197$535
26 years$6,646$5,005$3,716$2,726$1,979$450
27 years$6,332$4,711$3,451$2,495$1,784$378
28 years$6,040$4,439$3,208$2,286$1,610$318
29 years$5,769$4,187$2,985$2,096$1,454$267
30 years$5,516$3,955$2,781$1,924$1,314$224
31 years$5,281$3,738$2,593$1,767$1,188$189
32 years$5,060$3,537$2,419$1,624$1,074$159
33 years$4,853$3,350$2,259$1,493$972$134
34 years$4,659$3,175$2,110$1,374$880$112
35 years$4,476$3,011$1,973$1,265$797$95
36 years$4,304$2,858$1,846$1,165$722$80
37 years$4,142$2,715$1,727$1,073$655$67
38 years$3,988$2,580$1,618$989$594$56
39 years$3,843$2,453$1,516$912$538$47
40 years$3,705$2,334$1,421$841$488$40
41 years$3,574$2,222$1,332$776$443$34
42 years$3,450$2,116$1,250$716$402$28
43 years$3,332$2,016$1,172$661$365$24
44 years$3,220$1,922$1,101$611$331$20
45 years$3,113$1,833$1,033$564$301$17
46 years$3,011$1,748$971$521$273$14
47 years$2,913$1,668$912$481$248$12
48 years$2,820$1,593$857$445$225$10
49 years$2,731$1,521$805$411$204$8
50 years$2,646$1,453$757$380$186$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,710,000, adding $3,615 every year, while hoping to spend $41,476 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: 41/36/23 Blend
68$2,710,000$2,710,000$2,710,000$2,710,000
69$2,990,149$2,846,519$2,804,514$3,092,365
70$3,251,014$2,941,868$2,854,335$3,261,294
71$3,537,097$3,040,499$2,904,435$3,439,801
72$3,850,927$3,142,530$2,954,779$3,632,190
73$4,195,288$3,248,081$3,005,331$3,839,756
74$4,573,249$3,357,278$3,056,051$4,063,922
75$4,988,188$3,470,252$3,106,896$4,306,255
76$5,443,827$3,587,138$3,157,821$4,568,477
77$5,944,267$3,708,078$3,208,778$4,852,483
78$6,494,025$3,833,216$3,259,715$5,160,355
79$7,098,077$3,962,705$3,310,576$5,494,388
80$7,761,904$4,096,701$3,361,304$5,857,102
81$8,491,546$4,235,367$3,411,836$6,251,274
82$9,293,656$4,378,873$3,462,105$6,679,957
83$10,175,565$4,527,393$3,512,041$7,146,514
84$11,145,348$4,681,111$3,561,570$7,654,644
85$12,211,902$4,840,214$3,610,612$8,208,421
86$13,385,032$5,004,901$3,659,083$8,812,327
87$14,675,538$5,175,374$3,706,895$9,471,299
88$16,095,321$5,351,844$3,753,953$10,190,772
89$17,657,491$5,534,533$3,800,159$10,976,729
90$19,376,498$5,723,667$3,845,406$11,835,758
91$21,268,258$5,919,484$3,889,585$12,775,117
92$23,350,311$6,122,230$3,932,577$13,802,794
93$25,641,984$6,332,160$3,974,259$14,927,588
94$28,164,570$6,549,540$4,014,501$16,159,191
95$30,941,534$6,774,645$4,053,164$17,508,274
96$33,998,730$7,007,762$4,090,105$18,986,594
97$37,364,646$7,249,188$4,125,169$20,607,099
98$41,070,675$7,499,233$4,158,197$22,384,050
99$45,151,405$7,758,217$4,189,018$24,333,157
100$49,644,953$8,026,474$4,217,455$26,471,726