Can I retire at age 69 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$230,396$228,343$226,341$224,387$222,479$217,808
2 years$114,057$111,933$109,874$107,878$105,942$101,259
3 years$75,283$73,149$71,096$69,119$67,214$62,664
4 years$55,899$53,773$51,740$49,796$47,938$43,556
5 years$44,272$42,158$40,152$38,248$36,441$32,240
6 years$36,524$34,425$32,449$30,587$28,835$24,819
7 years$30,991$28,910$26,965$25,148$23,450$19,621
8 years$26,843$24,782$22,869$21,096$19,454$15,809
9 years$23,619$21,577$19,697$17,969$16,383$12,920
10 years$21,041$19,019$17,172$15,489$13,960$10,675
11 years$18,933$16,931$15,118$13,480$12,006$8,896
12 years$17,178$15,197$13,417$11,824$10,404$7,464
13 years$15,694$13,733$11,987$10,439$9,072$6,297
14 years$14,423$12,483$10,770$9,266$7,953$5,337
15 years$13,323$11,404$9,724$8,264$7,002$4,540
16 years$12,361$10,463$8,816$7,400$6,189$3,874
17 years$11,513$9,636$8,023$6,648$5,487$3,315
18 years$10,760$8,904$7,324$5,992$4,879$2,842
19 years$10,087$8,252$6,704$5,414$4,349$2,442
20 years$9,482$7,668$6,153$4,903$3,884$2,101
21 years$8,936$7,143$5,660$4,450$3,476$1,810
22 years$8,440$6,667$5,216$4,046$3,116$1,561
23 years$7,987$6,236$4,816$3,685$2,797$1,348
24 years$7,573$5,843$4,454$3,361$2,514$1,165
25 years$7,193$5,483$4,125$3,069$2,262$1,008
26 years$6,843$5,153$3,826$2,806$2,038$872
27 years$6,519$4,850$3,553$2,569$1,837$755
28 years$6,218$4,570$3,303$2,354$1,658$654
29 years$5,939$4,311$3,074$2,158$1,497$567
30 years$5,679$4,071$2,863$1,981$1,353$491
31 years$5,436$3,849$2,669$1,819$1,223$426
32 years$5,209$3,642$2,490$1,672$1,106$369
33 years$4,996$3,449$2,325$1,537$1,001$320
34 years$4,797$3,269$2,173$1,415$906$278
35 years$4,608$3,100$2,031$1,302$821$241
36 years$4,431$2,943$1,900$1,199$744$209
37 years$4,264$2,795$1,778$1,105$674$182
38 years$4,106$2,656$1,665$1,018$611$158
39 years$3,956$2,526$1,560$939$554$137
40 years$3,814$2,403$1,463$866$503$119
41 years$3,680$2,287$1,371$799$456$103
42 years$3,552$2,178$1,286$738$414$90
43 years$3,431$2,076$1,207$681$376$78
44 years$3,315$1,978$1,133$629$341$68
45 years$3,205$1,887$1,064$581$309$59
46 years$3,100$1,800$999$536$281$51
47 years$2,999$1,718$939$495$255$44
48 years$2,903$1,640$882$458$232$39
49 years$2,812$1,566$829$423$210$33
50 years$2,724$1,496$780$391$191$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,790,000, adding $4,612 every year, while hoping to spend $32,969 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: 43/38/19 Blend
68$2,790,000$2,790,000$2,790,000$2,790,000
69$3,079,337$2,931,467$2,888,222$3,194,535
70$3,358,351$3,040,030$2,949,899$3,384,877
71$3,664,719$3,152,808$3,012,537$3,587,384
72$4,001,197$3,269,972$3,076,133$3,806,098
73$4,370,820$3,391,702$3,140,685$4,042,528
74$4,776,931$3,518,183$3,206,186$4,298,331
75$5,223,215$3,649,611$3,272,630$4,575,331
76$5,713,730$3,786,189$3,340,010$4,875,529
77$6,252,946$3,928,128$3,408,316$5,201,126
78$6,845,790$4,075,649$3,477,537$5,554,543
79$7,497,687$4,228,983$3,547,662$5,938,440
80$8,214,617$4,388,369$3,618,674$6,355,744
81$9,003,168$4,554,058$3,690,559$6,809,673
82$9,870,596$4,726,312$3,763,298$7,303,767
83$10,824,898$4,905,403$3,836,870$7,841,919
84$11,874,886$5,091,616$3,911,254$8,428,415
85$13,030,267$5,285,248$3,986,423$9,067,967
86$14,301,737$5,486,608$4,062,351$9,765,763
87$15,701,082$5,696,019$4,139,007$10,527,510
88$17,241,288$5,913,820$4,216,360$11,359,490
89$18,936,664$6,140,362$4,294,373$12,268,617
90$20,802,977$6,376,012$4,373,007$13,262,501
91$22,857,598$6,621,155$4,452,221$14,349,519
92$25,119,672$6,876,190$4,531,969$15,538,893
93$27,610,291$7,141,536$4,612,203$16,840,775
94$30,352,698$7,417,629$4,692,869$18,266,344
95$33,372,505$7,704,925$4,773,912$19,827,905
96$36,697,933$8,003,898$4,855,270$21,539,011
97$40,360,080$8,315,047$4,936,879$23,414,581
98$44,393,212$8,638,888$5,018,669$25,471,047
99$48,835,091$8,975,965$5,100,566$27,726,505
100$53,727,326$9,326,843$5,182,490$30,200,879