Can I retire at age 69 with 2,800,000?

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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$231,221$229,162$227,152$225,191$223,276$220,761
2 years$114,466$112,334$110,268$108,265$106,322$103,790
3 years$75,553$73,412$71,351$69,366$67,455$64,984
4 years$56,100$53,965$51,925$49,975$48,109$45,720
5 years$44,431$42,309$40,296$38,385$36,572$34,270
6 years$36,655$34,549$32,565$30,697$28,938$26,727
7 years$31,102$29,014$27,062$25,238$23,535$21,415
8 years$26,940$24,870$22,951$21,171$19,524$17,495
9 years$23,704$21,654$19,767$18,033$16,442$14,504
10 years$21,117$19,087$17,234$15,545$14,010$12,161
11 years$19,001$16,992$15,172$13,529$12,049$10,287
12 years$17,240$15,251$13,465$11,866$10,441$8,766
13 years$15,750$13,783$12,030$10,476$9,105$7,513
14 years$14,475$12,528$10,809$9,300$7,981$6,471
15 years$13,370$11,445$9,759$8,294$7,027$5,596
16 years$12,405$10,500$8,848$7,426$6,211$4,856
17 years$11,554$9,670$8,051$6,672$5,507$4,227
18 years$10,799$8,936$7,350$6,013$4,896$3,688
19 years$10,123$8,282$6,728$5,433$4,364$3,224
20 years$9,516$7,696$6,175$4,921$3,898$2,824
21 years$8,968$7,168$5,680$4,466$3,489$2,478
22 years$8,470$6,691$5,235$4,061$3,127$2,177
23 years$8,016$6,258$4,833$3,698$2,807$1,915
24 years$7,601$5,864$4,470$3,373$2,523$1,686
25 years$7,219$5,503$4,140$3,080$2,270$1,486
26 years$6,867$5,172$3,840$2,816$2,045$1,311
27 years$6,542$4,867$3,566$2,578$1,844$1,157
28 years$6,241$4,586$3,315$2,362$1,664$1,022
29 years$5,961$4,327$3,085$2,166$1,502$903
30 years$5,700$4,086$2,873$1,988$1,357$798
31 years$5,456$3,863$2,679$1,826$1,227$706
32 years$5,228$3,655$2,499$1,678$1,110$625
33 years$5,014$3,461$2,334$1,543$1,005$553
34 years$4,814$3,280$2,180$1,420$910$490
35 years$4,625$3,111$2,038$1,307$824$434
36 years$4,447$2,953$1,907$1,204$746$384
37 years$4,279$2,805$1,785$1,109$677$340
38 years$4,120$2,666$1,671$1,022$613$301
39 years$3,970$2,535$1,566$942$556$267
40 years$3,828$2,412$1,468$869$504$237
41 years$3,693$2,296$1,376$802$458$210
42 years$3,565$2,186$1,291$740$415$186
43 years$3,443$2,083$1,211$683$377$165
44 years$3,327$1,986$1,137$631$342$146
45 years$3,216$1,893$1,068$583$311$130
46 years$3,111$1,806$1,003$538$282$115
47 years$3,010$1,724$942$497$256$102
48 years$2,914$1,646$885$459$233$91
49 years$2,822$1,571$832$425$211$80
50 years$2,734$1,501$782$392$192$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,800,000, adding $4,309 every year, while hoping to spend $40,685 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: 27/45/28 Blend
68$2,800,000$2,800,000$2,800,000$2,800,000
69$3,090,045$2,941,645$2,898,245$3,146,447
70$3,361,941$3,042,497$2,952,047$3,293,339
71$3,660,207$3,146,927$3,006,289$3,447,158
72$3,987,489$3,255,068$3,060,941$3,611,483
73$4,346,703$3,367,057$3,115,973$3,787,239
74$4,741,061$3,483,036$3,171,352$3,975,438
75$5,174,100$3,603,155$3,227,043$4,177,194
76$5,649,716$3,727,568$3,283,006$4,393,726
77$6,172,202$3,856,434$3,339,203$4,626,377
78$6,746,288$3,989,921$3,395,587$4,876,619
79$7,377,183$4,128,201$3,452,113$5,146,071
80$8,070,627$4,271,453$3,508,730$5,436,511
81$8,832,942$4,419,866$3,565,384$5,749,893
82$9,671,096$4,573,633$3,622,018$6,088,365
83$10,592,763$4,732,957$3,678,571$6,454,288
84$11,606,400$4,898,046$3,734,977$6,850,259
85$12,721,322$5,069,120$3,791,169$7,279,133
86$13,947,795$5,246,405$3,847,071$7,744,051
87$15,297,129$5,430,137$3,902,606$8,248,465
88$16,781,784$5,620,562$3,957,692$8,796,176
89$18,415,491$5,817,935$4,012,240$9,391,365
90$20,213,378$6,022,521$4,066,157$10,038,631
91$22,192,114$6,234,596$4,119,345$10,743,035
92$24,370,066$6,454,448$4,171,699$11,510,148
93$26,767,472$6,682,374$4,223,109$12,346,101
94$29,406,629$6,918,686$4,273,459$13,257,641
95$32,312,111$7,163,707$4,322,625$14,252,197
96$35,510,990$7,417,773$4,370,478$15,337,946
97$39,033,102$7,681,234$4,416,879$16,523,890
98$42,911,318$7,954,454$4,461,685$17,819,939
99$47,181,863$8,237,813$4,504,741$19,237,008
100$51,884,652$8,531,705$4,545,889$20,787,112