Can I retire at age 69 with 2,750,000?

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 $2,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$227,092$225,070$223,096$221,170$219,289$213,814
2 years$112,422$110,328$108,299$106,332$104,423$98,942
3 years$74,204$72,101$70,077$68,128$66,250$60,934
4 years$55,098$53,002$50,998$49,082$47,250$42,140
5 years$43,638$41,554$39,576$37,700$35,919$31,029
6 years$36,000$33,932$31,984$30,149$28,421$23,757
7 years$30,547$28,496$26,579$24,787$23,114$18,675
8 years$26,458$24,426$22,541$20,793$19,175$14,960
9 years$23,280$21,268$19,414$17,711$16,149$12,153
10 years$20,740$18,746$16,926$15,267$13,759$9,979
11 years$18,662$16,689$14,901$13,287$11,834$8,263
12 years$16,932$14,979$13,224$11,655$10,255$6,888
13 years$15,469$13,537$11,815$10,289$8,942$5,773
14 years$14,216$12,304$10,616$9,134$7,839$4,859
15 years$13,132$11,240$9,585$8,146$6,902$4,105
16 years$12,184$10,313$8,690$7,293$6,100$3,478
17 years$11,348$9,498$7,908$6,553$5,409$2,954
18 years$10,606$8,776$7,219$5,906$4,809$2,515
19 years$9,943$8,134$6,608$5,336$4,286$2,144
20 years$9,346$7,558$6,065$4,833$3,829$1,831
21 years$8,808$7,040$5,578$4,386$3,426$1,566
22 years$8,319$6,572$5,141$3,988$3,071$1,340
23 years$7,873$6,146$4,747$3,632$2,757$1,148
24 years$7,465$5,759$4,390$3,313$2,478$984
25 years$7,090$5,404$4,066$3,025$2,230$844
26 years$6,744$5,079$3,771$2,766$2,008$725
27 years$6,425$4,780$3,502$2,532$1,811$623
28 years$6,129$4,504$3,256$2,320$1,634$535
29 years$5,854$4,249$3,030$2,127$1,475$460
30 years$5,598$4,013$2,822$1,952$1,333$395
31 years$5,359$3,794$2,631$1,793$1,205$340
32 years$5,135$3,590$2,455$1,648$1,090$292
33 years$4,925$3,399$2,292$1,515$987$252
34 years$4,728$3,222$2,141$1,394$893$216
35 years$4,542$3,056$2,002$1,284$809$186
36 years$4,368$2,900$1,873$1,182$733$160
37 years$4,203$2,755$1,753$1,089$664$138
38 years$4,047$2,618$1,642$1,004$602$119
39 years$3,899$2,489$1,538$926$546$102
40 years$3,760$2,369$1,442$854$495$88
41 years$3,627$2,255$1,352$788$449$76
42 years$3,501$2,147$1,268$727$408$65
43 years$3,381$2,046$1,190$671$370$56
44 years$3,267$1,950$1,117$620$336$48
45 years$3,159$1,860$1,049$572$305$42
46 years$3,055$1,774$985$529$277$36
47 years$2,956$1,693$925$488$251$31
48 years$2,862$1,616$870$451$228$27
49 years$2,771$1,543$817$417$207$23
50 years$2,685$1,474$768$385$188$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,750,000, adding $2,188 every year, while hoping to spend $27,806 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: 43/44/13 Blend
68$2,750,000$2,750,000$2,750,000$2,750,000
69$3,032,757$2,887,007$2,844,382$3,151,629
70$3,312,513$2,998,885$2,910,083$3,346,881
71$3,619,872$3,115,313$2,977,054$3,555,328
72$3,957,620$3,236,485$3,045,307$3,780,538
73$4,328,827$3,362,602$3,114,854$4,024,063
74$4,736,875$3,493,877$3,185,709$4,287,602
75$5,185,488$3,630,529$3,257,882$4,573,025
76$5,678,771$3,772,788$3,331,385$4,882,385
77$6,221,247$3,920,896$3,406,227$5,217,937
78$6,817,897$4,075,103$3,482,419$5,582,160
79$7,474,212$4,235,672$3,559,969$5,977,776
80$8,196,238$4,402,877$3,638,885$6,407,779
81$8,990,641$4,577,004$3,719,174$6,875,460
82$9,864,761$4,758,353$3,800,841$7,384,438
83$10,826,690$4,947,235$3,883,893$7,938,691
84$11,885,341$5,143,978$3,968,331$8,542,594
85$13,050,536$5,348,923$4,054,160$9,200,959
86$14,333,096$5,562,426$4,141,380$9,919,080
87$15,744,947$5,784,860$4,229,992$10,702,778
88$17,299,227$6,016,614$4,319,993$11,558,460
89$19,010,416$6,258,095$4,411,380$12,493,174
90$20,894,466$6,509,729$4,504,148$13,514,676
91$22,968,956$6,771,961$4,598,292$14,631,499
92$25,253,257$7,045,254$4,693,802$15,853,036
93$27,768,712$7,330,095$4,790,667$17,189,623
94$30,538,842$7,626,991$4,888,876$18,652,640
95$33,589,564$7,936,473$4,988,413$20,254,610
96$36,949,436$8,259,096$5,089,261$22,009,319
97$40,649,927$8,595,441$5,191,400$23,931,946
98$44,725,715$8,946,113$5,294,808$26,039,199
99$49,215,013$9,311,747$5,399,459$28,349,475
100$54,159,928$9,693,007$5,505,325$30,883,030