Can I retire at age 69 with 2,740,000?

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 $2,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$226,267$224,251$222,285$220,366$218,491$214,607
2 years$112,013$109,927$107,905$105,945$104,044$100,143
3 years$73,934$71,839$69,822$67,880$66,010$62,215
4 years$54,898$52,809$50,812$48,904$47,079$43,419
5 years$43,479$41,403$39,433$37,563$35,788$32,274
6 years$35,869$33,809$31,867$30,039$28,318$24,953
7 years$30,436$28,392$26,482$24,697$23,030$19,815
8 years$26,362$24,337$22,459$20,718$19,106$16,041
9 years$23,196$21,190$19,344$17,647$16,090$13,172
10 years$20,664$18,678$16,864$15,212$13,709$10,937
11 years$18,594$16,628$14,847$13,239$11,790$9,160
12 years$16,870$14,924$13,176$11,612$10,217$7,726
13 years$15,413$13,487$11,772$10,252$8,910$6,553
14 years$14,165$12,260$10,577$9,100$7,810$5,584
15 years$13,084$11,199$9,550$8,116$6,877$4,777
16 years$12,139$10,275$8,658$7,267$6,078$4,099
17 years$11,307$9,463$7,879$6,529$5,389$3,527
18 years$10,567$8,744$7,192$5,884$4,792$3,042
19 years$9,906$8,104$6,584$5,317$4,271$2,629
20 years$9,312$7,531$6,043$4,815$3,815$2,276
21 years$8,776$7,015$5,558$4,370$3,414$1,973
22 years$8,288$6,548$5,123$3,974$3,060$1,712
23 years$7,844$6,124$4,730$3,619$2,747$1,488
24 years$7,438$5,738$4,374$3,301$2,469$1,294
25 years$7,064$5,385$4,052$3,014$2,222$1,126
26 years$6,720$5,061$3,758$2,756$2,001$980
27 years$6,402$4,763$3,489$2,523$1,804$854
28 years$6,107$4,488$3,244$2,311$1,628$745
29 years$5,833$4,234$3,019$2,120$1,470$650
30 years$5,577$3,998$2,812$1,945$1,328$567
31 years$5,339$3,780$2,621$1,787$1,201$495
32 years$5,116$3,576$2,446$1,642$1,086$432
33 years$4,907$3,387$2,284$1,510$983$377
34 years$4,711$3,210$2,134$1,389$890$330
35 years$4,526$3,045$1,995$1,279$806$288
36 years$4,352$2,890$1,866$1,178$730$252
37 years$4,187$2,745$1,747$1,085$662$220
38 years$4,032$2,608$1,636$1,000$600$192
39 years$3,885$2,480$1,532$922$544$168
40 years$3,746$2,360$1,436$851$494$147
41 years$3,614$2,246$1,347$785$448$128
42 years$3,488$2,139$1,263$724$406$112
43 years$3,369$2,038$1,185$669$369$98
44 years$3,256$1,943$1,113$617$335$86
45 years$3,147$1,853$1,045$570$304$75
46 years$3,044$1,768$981$527$276$66
47 years$2,946$1,687$922$487$251$57
48 years$2,851$1,610$866$450$228$50
49 years$2,761$1,538$814$416$207$44
50 years$2,675$1,469$766$384$188$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,740,000, adding $3,188 every year, while hoping to spend $36,638 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: 66/29/5 Blend
68$2,740,000$2,740,000$2,740,000$2,740,000
69$3,022,768$2,877,548$2,835,078$3,220,128
70$3,292,108$2,979,566$2,891,071$3,453,470
71$3,587,693$3,085,354$2,947,711$3,703,665
72$3,912,160$3,195,059$3,004,983$3,976,095
73$4,268,417$3,308,833$3,062,866$4,272,919
74$4,659,664$3,426,835$3,121,341$4,596,512
75$5,089,428$3,549,228$3,180,384$4,949,488
76$5,561,595$3,676,185$3,239,971$5,334,724
77$6,080,443$3,807,884$3,300,076$5,755,385
78$6,650,688$3,944,510$3,360,668$6,214,957
79$7,277,524$4,086,257$3,421,717$6,717,274
80$7,966,674$4,233,326$3,483,187$7,266,558
81$8,724,443$4,385,927$3,545,042$7,867,458
82$9,557,778$4,544,279$3,607,242$8,525,088
83$10,474,331$4,708,608$3,669,744$9,245,084
84$11,482,534$4,879,152$3,732,502$10,033,648
85$12,591,679$5,056,156$3,795,467$10,897,609
86$13,812,001$5,239,879$3,858,586$11,844,488
87$15,154,779$5,430,587$3,921,803$12,882,567
88$16,632,440$5,628,559$3,985,057$14,020,966
89$18,258,676$5,834,086$4,048,284$15,269,730
90$20,048,575$6,047,470$4,111,415$16,639,919
91$22,018,760$6,269,026$4,174,378$18,143,717
92$24,187,549$6,499,084$4,237,095$19,794,543
93$26,575,125$6,737,985$4,299,483$21,607,177
94$29,203,727$6,986,086$4,361,456$23,597,898
95$32,097,863$7,243,760$4,422,920$25,784,639
96$35,284,533$7,511,393$4,483,776$28,187,151
97$38,793,494$7,789,389$4,543,921$30,827,195
98$42,657,532$8,078,171$4,603,244$33,728,739
99$46,912,776$8,378,176$4,661,628$36,918,188
100$51,599,035$8,689,864$4,718,949$40,424,630