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%11.7%
1 years$230,396$228,343$226,341$224,387$222,479$220,891
2 years$114,057$111,933$109,874$107,878$105,942$104,342
3 years$75,283$73,149$71,096$69,119$67,214$65,650
4 years$55,899$53,773$51,740$49,796$47,938$46,422
5 years$44,272$42,158$40,152$38,248$36,441$34,978
6 years$36,524$34,425$32,449$30,587$28,835$27,426
7 years$30,991$28,910$26,965$25,148$23,450$22,097
8 years$26,843$24,782$22,869$21,096$19,454$18,157
9 years$23,619$21,577$19,697$17,969$16,383$15,141
10 years$21,041$19,019$17,172$15,489$13,960$12,771
11 years$18,933$16,931$15,118$13,480$12,006$10,871
12 years$17,178$15,197$13,417$11,824$10,404$9,321
13 years$15,694$13,733$11,987$10,439$9,072$8,041
14 years$14,423$12,483$10,770$9,266$7,953$6,972
15 years$13,323$11,404$9,724$8,264$7,002$6,070
16 years$12,361$10,463$8,816$7,400$6,189$5,304
17 years$11,513$9,636$8,023$6,648$5,487$4,648
18 years$10,760$8,904$7,324$5,992$4,879$4,084
19 years$10,087$8,252$6,704$5,414$4,349$3,597
20 years$9,482$7,668$6,153$4,903$3,884$3,174
21 years$8,936$7,143$5,660$4,450$3,476$2,805
22 years$8,440$6,667$5,216$4,046$3,116$2,483
23 years$7,987$6,236$4,816$3,685$2,797$2,201
24 years$7,573$5,843$4,454$3,361$2,514$1,953
25 years$7,193$5,483$4,125$3,069$2,262$1,735
26 years$6,843$5,153$3,826$2,806$2,038$1,542
27 years$6,519$4,850$3,553$2,569$1,837$1,372
28 years$6,218$4,570$3,303$2,354$1,658$1,222
29 years$5,939$4,311$3,074$2,158$1,497$1,088
30 years$5,679$4,071$2,863$1,981$1,353$970
31 years$5,436$3,849$2,669$1,819$1,223$865
32 years$5,209$3,642$2,490$1,672$1,106$772
33 years$4,996$3,449$2,325$1,537$1,001$689
34 years$4,797$3,269$2,173$1,415$906$615
35 years$4,608$3,100$2,031$1,302$821$549
36 years$4,431$2,943$1,900$1,199$744$490
37 years$4,264$2,795$1,778$1,105$674$438
38 years$4,106$2,656$1,665$1,018$611$392
39 years$3,956$2,526$1,560$939$554$350
40 years$3,814$2,403$1,463$866$503$313
41 years$3,680$2,287$1,371$799$456$280
42 years$3,552$2,178$1,286$738$414$250
43 years$3,431$2,076$1,207$681$376$224
44 years$3,315$1,978$1,133$629$341$200
45 years$3,205$1,887$1,064$581$309$179
46 years$3,100$1,800$999$536$281$160
47 years$2,999$1,718$939$495$255$143
48 years$2,903$1,640$882$458$232$128
49 years$2,812$1,566$829$423$210$115
50 years$2,724$1,496$780$391$191$103

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 $2,035 every year, while hoping to spend $28,322 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: 63/30/7 Blend
68$2,790,000$2,790,000$2,790,000$2,790,000
69$3,076,679$2,928,809$2,885,564$3,266,297
70$3,360,366$3,042,186$2,952,096$3,506,363
71$3,672,040$3,160,170$3,019,908$3,764,858
72$4,014,525$3,282,955$3,089,012$4,046,352
73$4,390,934$3,410,748$3,159,421$4,353,069
74$4,804,695$3,543,760$3,231,147$4,687,459
75$5,259,584$3,682,215$3,304,201$5,052,215
76$5,759,764$3,826,346$3,378,595$5,450,300
77$6,309,819$3,976,396$3,454,337$5,884,975
78$6,914,800$4,132,619$3,531,436$6,359,826
79$7,580,273$4,295,280$3,609,903$6,878,802
80$8,312,369$4,464,657$3,689,743$7,446,248
81$9,117,845$4,641,039$3,770,963$8,066,946
82$10,004,144$4,824,729$3,853,569$8,746,160
83$10,979,468$5,016,042$3,937,565$9,489,684
84$12,052,854$5,215,309$4,022,954$10,303,895
85$13,234,261$5,422,874$4,109,739$11,195,817
86$14,534,660$5,639,099$4,197,919$12,173,180
87$15,966,140$5,864,360$4,287,494$13,244,496
88$17,542,023$6,099,050$4,378,462$14,419,137
89$19,276,987$6,343,582$4,470,818$15,707,424
90$21,187,206$6,598,384$4,564,557$17,120,720
91$23,290,503$6,863,906$4,659,671$18,671,539
92$25,606,515$7,140,618$4,756,151$20,373,663
93$28,156,882$7,429,011$4,853,985$22,242,268
94$30,965,450$7,729,599$4,953,159$24,294,072
95$34,058,493$8,042,917$5,053,658$26,547,482
96$37,464,966$8,369,526$5,155,461$29,022,777
97$41,216,773$8,710,013$5,258,550$31,742,288
98$45,349,071$9,064,991$5,362,899$34,730,616
99$49,900,602$9,435,101$5,468,481$38,014,858
100$54,914,055$9,821,013$5,575,267$41,624,860