Can I retire at age 69 with 2,770,000?

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 $2,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$228,744$226,706$224,719$222,778$220,884$212,036
2 years$113,240$111,131$109,087$107,105$105,183$96,380
3 years$74,743$72,625$70,586$68,623$66,732$58,252
4 years$55,499$53,387$51,369$49,439$47,594$39,500
5 years$43,955$41,856$39,864$37,974$36,180$28,493
6 years$36,262$34,179$32,216$30,368$28,628$21,353
7 years$30,769$28,703$26,772$24,967$23,282$16,417
8 years$26,651$24,604$22,705$20,944$19,315$12,851
9 years$23,450$21,422$19,556$17,840$16,266$10,195
10 years$20,890$18,883$17,049$15,378$13,859$8,168
11 years$18,798$16,810$15,010$13,384$11,920$6,595
12 years$17,055$15,088$13,321$11,739$10,329$5,357
13 years$15,582$13,635$11,901$10,364$9,007$4,372
14 years$14,320$12,394$10,693$9,200$7,896$3,582
15 years$13,227$11,322$9,655$8,205$6,952$2,944
16 years$12,272$10,388$8,753$7,347$6,144$2,425
17 years$11,430$9,567$7,965$6,601$5,448$2,002
18 years$10,683$8,840$7,271$5,949$4,844$1,655
19 years$10,015$8,193$6,656$5,375$4,318$1,370
20 years$9,414$7,613$6,109$4,868$3,857$1,136
21 years$8,872$7,091$5,619$4,418$3,451$942
22 years$8,379$6,620$5,179$4,017$3,093$782
23 years$7,930$6,191$4,782$3,659$2,777$650
24 years$7,519$5,801$4,422$3,337$2,496$540
25 years$7,141$5,444$4,096$3,047$2,246$449
26 years$6,794$5,116$3,799$2,786$2,023$374
27 years$6,472$4,815$3,527$2,550$1,824$311
28 years$6,174$4,537$3,279$2,337$1,646$259
29 years$5,897$4,280$3,052$2,143$1,486$215
30 years$5,639$4,042$2,842$1,967$1,343$179
31 years$5,398$3,821$2,650$1,806$1,214$149
32 years$5,172$3,616$2,472$1,660$1,098$124
33 years$4,961$3,424$2,309$1,526$994$104
34 years$4,762$3,245$2,157$1,404$900$86
35 years$4,575$3,078$2,017$1,293$815$72
36 years$4,399$2,922$1,886$1,191$738$60
37 years$4,233$2,775$1,766$1,097$669$50
38 years$4,076$2,637$1,654$1,011$607$42
39 years$3,928$2,508$1,549$932$550$35
40 years$3,787$2,386$1,452$860$499$29
41 years$3,653$2,271$1,362$793$453$24
42 years$3,527$2,163$1,277$732$411$20
43 years$3,406$2,061$1,198$676$373$17
44 years$3,291$1,964$1,125$624$338$14
45 years$3,182$1,873$1,056$576$307$12
46 years$3,077$1,787$992$532$279$10
47 years$2,978$1,705$932$492$253$8
48 years$2,883$1,628$876$455$230$7
49 years$2,792$1,555$823$420$209$6
50 years$2,704$1,485$774$388$190$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,770,000, adding $2,572 every year, while hoping to spend $55,277 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: 44/28/28 Blend
68$2,770,000$2,770,000$2,770,000$2,770,000
69$3,055,193$2,908,383$2,865,448$3,164,675
70$3,308,008$2,992,079$2,902,626$3,326,781
71$3,584,758$3,078,024$2,939,197$3,496,924
72$3,887,826$3,166,270$2,975,082$3,680,309
73$4,219,835$3,256,868$3,010,199$3,878,200
74$4,583,675$3,349,872$3,044,458$4,091,988
75$4,982,531$3,445,336$3,077,767$4,323,207
76$5,419,905$3,543,314$3,110,029$4,573,542
77$5,899,661$3,643,861$3,141,140$4,844,853
78$6,426,050$3,747,034$3,170,992$5,139,188
79$7,003,756$3,852,888$3,199,469$5,458,799
80$7,637,939$3,961,479$3,226,451$5,806,172
81$8,334,282$4,072,865$3,251,811$6,184,041
82$9,099,046$4,187,103$3,275,414$6,595,422
83$9,939,129$4,304,251$3,297,120$7,043,634
84$10,862,127$4,424,366$3,316,781$7,532,335
85$11,876,411$4,547,507$3,334,240$8,065,557
86$12,991,202$4,673,732$3,349,334$8,647,740
87$14,216,659$4,803,099$3,361,891$9,283,778
88$15,563,973$4,935,666$3,371,729$9,979,061
89$17,045,476$5,071,491$3,378,660$10,739,532
90$18,674,752$5,210,632$3,382,482$11,571,738
91$20,466,769$5,353,145$3,382,988$12,482,891
92$22,438,019$5,499,089$3,379,958$13,480,942
93$24,606,671$5,648,518$3,373,160$14,574,650
94$26,992,745$5,801,489$3,362,355$15,773,670
95$29,618,298$5,958,055$3,347,287$17,088,640
96$32,507,635$6,118,270$3,327,691$18,531,283
97$35,687,535$6,282,187$3,303,290$20,114,519
98$39,187,504$6,449,855$3,273,791$21,852,586
99$43,040,055$6,621,323$3,238,889$23,761,175
100$47,281,013$6,796,640$3,198,263$25,857,578