Can I retire at age 69 with 2,720,000?

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$224,615$222,614$220,662$218,757$216,897$214,275
2 years$111,196$109,125$107,118$105,172$103,284$100,646
3 years$73,394$71,314$69,312$67,384$65,528$62,955
4 years$54,497$52,423$50,442$48,547$46,735$44,247
5 years$43,162$41,101$39,145$37,289$35,527$33,131
6 years$35,607$33,562$31,635$29,820$28,111$25,811
7 years$30,213$28,185$26,289$24,517$22,862$20,658
8 years$26,170$24,160$22,295$20,566$18,966$16,858
9 years$23,027$21,035$19,203$17,518$15,972$13,959
10 years$20,513$18,542$16,741$15,101$13,609$11,689
11 years$18,458$16,507$14,739$13,142$11,704$9,877
12 years$16,747$14,815$13,080$11,527$10,143$8,405
13 years$15,300$13,389$11,686$10,177$8,845$7,195
14 years$14,061$12,170$10,500$9,034$7,753$6,189
15 years$12,988$11,118$9,480$8,057$6,827$5,345
16 years$12,051$10,200$8,595$7,214$6,033$4,632
17 years$11,224$9,394$7,821$6,482$5,350$4,025
18 years$10,490$8,680$7,140$5,841$4,757$3,507
19 years$9,834$8,045$6,536$5,278$4,240$3,062
20 years$9,244$7,476$5,999$4,780$3,787$2,678
21 years$8,712$6,963$5,518$4,338$3,389$2,346
22 years$8,228$6,500$5,085$3,945$3,038$2,058
23 years$7,787$6,079$4,695$3,592$2,727$1,808
24 years$7,383$5,696$4,342$3,277$2,451$1,589
25 years$7,013$5,345$4,022$2,992$2,205$1,398
26 years$6,671$5,024$3,730$2,736$1,987$1,232
27 years$6,355$4,728$3,464$2,504$1,791$1,085
28 years$6,062$4,455$3,220$2,295$1,616$957
29 years$5,790$4,203$2,997$2,104$1,459$844
30 years$5,537$3,969$2,791$1,931$1,319$745
31 years$5,300$3,752$2,602$1,774$1,192$658
32 years$5,079$3,550$2,428$1,630$1,078$581
33 years$4,871$3,362$2,267$1,499$976$514
34 years$4,676$3,187$2,118$1,379$884$454
35 years$4,493$3,023$1,980$1,270$800$401
36 years$4,320$2,869$1,852$1,169$725$355
37 years$4,157$2,725$1,734$1,077$657$314
38 years$4,003$2,589$1,624$993$596$278
39 years$3,857$2,462$1,521$916$540$246
40 years$3,719$2,343$1,426$844$490$217
41 years$3,588$2,230$1,337$779$445$192
42 years$3,463$2,124$1,254$719$403$170
43 years$3,345$2,024$1,177$664$366$151
44 years$3,232$1,929$1,105$613$332$133
45 years$3,124$1,839$1,037$566$302$118
46 years$3,022$1,755$974$523$274$105
47 years$2,924$1,674$915$483$249$93
48 years$2,831$1,599$860$446$226$82
49 years$2,741$1,526$808$412$205$73
50 years$2,656$1,458$760$381$186$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,720,000, adding $5,927 every year, while hoping to spend $25,219 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: 46/41/13 Blend
68$2,720,000$2,720,000$2,720,000$2,720,000
69$3,003,554$2,859,394$2,817,234$3,130,431
70$3,283,083$2,972,671$2,884,778$3,332,276
71$3,590,280$3,090,654$2,953,740$3,548,069
72$3,927,938$3,213,546$3,024,141$3,781,610
73$4,299,139$3,341,561$3,096,000$4,034,556
74$4,707,274$3,474,920$3,169,339$4,308,724
75$5,156,082$3,613,858$3,244,178$4,606,113
76$5,649,682$3,758,616$3,320,538$4,928,917
77$6,192,611$3,909,449$3,398,437$5,279,549
78$6,789,868$4,066,623$3,477,895$5,660,661
79$7,446,962$4,230,415$3,558,932$6,075,165
80$8,169,963$4,401,116$3,641,567$6,526,267
81$8,965,557$4,579,028$3,725,817$7,017,490
82$9,841,112$4,764,470$3,811,701$7,552,707
83$10,804,748$4,957,771$3,899,235$8,136,178
84$11,865,410$5,159,280$3,988,437$8,772,591
85$13,032,955$5,369,357$4,079,323$9,467,099
86$14,318,243$5,588,382$4,171,907$10,225,373
87$15,733,242$5,816,752$4,266,204$11,053,652
88$17,291,139$6,054,879$4,362,229$11,958,801
89$19,006,465$6,303,197$4,459,993$12,948,374
90$20,895,230$6,562,160$4,559,508$14,030,683
91$22,975,078$6,832,240$4,660,786$15,214,877
92$25,265,449$7,113,932$4,763,835$16,511,026
93$27,787,765$7,407,756$4,868,664$17,930,213
94$30,565,633$7,714,251$4,975,280$19,484,638
95$33,625,064$8,033,986$5,083,688$21,187,731
96$36,994,721$8,367,552$5,193,893$23,054,279
97$40,706,191$8,715,570$5,305,896$25,100,560
98$44,794,277$9,078,689$5,419,699$27,344,495
99$49,297,335$9,457,585$5,535,300$29,805,820
100$54,257,626$9,852,970$5,652,696$32,506,263