Can I retire at age 69 with 2,820,000?

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$232,873$230,799$228,775$226,800$224,871$218,549
2 years$115,284$113,137$111,056$109,038$107,081$100,760
3 years$76,092$73,936$71,860$69,862$67,937$61,814
4 years$56,501$54,351$52,296$50,332$48,453$42,577
5 years$44,748$42,612$40,584$38,659$36,833$31,219
6 years$36,916$34,796$32,798$30,916$29,145$23,798
7 years$31,324$29,221$27,255$25,418$23,703$18,623
8 years$27,132$25,048$23,114$21,323$19,664$14,848
9 years$23,873$21,809$19,909$18,162$16,560$12,004
10 years$21,267$19,223$17,357$15,656$14,110$9,808
11 years$19,137$17,113$15,281$13,625$12,135$8,080
12 years$17,363$15,360$13,561$11,951$10,516$6,700
13 years$15,863$13,881$12,116$10,551$9,170$5,585
14 years$14,578$12,618$10,886$9,366$8,038$4,675
15 years$13,466$11,526$9,829$8,353$7,078$3,927
16 years$12,494$10,575$8,911$7,479$6,255$3,309
17 years$11,637$9,739$8,109$6,720$5,546$2,794
18 years$10,876$9,000$7,402$6,056$4,931$2,364
19 years$10,196$8,341$6,777$5,472$4,396$2,004
20 years$9,584$7,751$6,219$4,956$3,926$1,701
21 years$9,032$7,219$5,720$4,498$3,513$1,445
22 years$8,530$6,739$5,272$4,090$3,149$1,230
23 years$8,073$6,303$4,868$3,725$2,827$1,047
24 years$7,655$5,905$4,502$3,397$2,541$892
25 years$7,270$5,542$4,170$3,102$2,287$760
26 years$6,916$5,209$3,867$2,837$2,060$648
27 years$6,589$4,902$3,591$2,596$1,857$553
28 years$6,285$4,619$3,338$2,379$1,676$472
29 years$6,003$4,357$3,107$2,181$1,513$403
30 years$5,740$4,115$2,894$2,002$1,367$344
31 years$5,495$3,890$2,698$1,839$1,236$294
32 years$5,265$3,681$2,517$1,690$1,118$251
33 years$5,050$3,486$2,350$1,554$1,012$215
34 years$4,848$3,304$2,196$1,430$916$184
35 years$4,658$3,134$2,053$1,316$830$157
36 years$4,479$2,974$1,921$1,212$752$134
37 years$4,310$2,825$1,798$1,117$681$115
38 years$4,150$2,685$1,683$1,029$618$98
39 years$3,999$2,553$1,577$949$560$84
40 years$3,855$2,429$1,478$875$508$72
41 years$3,719$2,312$1,386$808$461$61
42 years$3,590$2,202$1,300$745$418$52
43 years$3,467$2,098$1,220$688$380$45
44 years$3,351$2,000$1,145$635$345$38
45 years$3,239$1,907$1,075$587$313$33
46 years$3,133$1,819$1,010$542$284$28
47 years$3,032$1,736$949$501$258$24
48 years$2,935$1,657$892$463$234$21
49 years$2,842$1,583$838$428$213$18
50 years$2,753$1,512$788$395$193$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,820,000, adding $4,480 every year, while hoping to spend $48,789 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: 59/15/26 Blend
68$2,820,000$2,820,000$2,820,000$2,820,000
69$3,112,261$2,962,801$2,919,091$3,273,763
70$3,377,801$3,056,067$2,964,970$3,477,725
71$3,668,790$3,152,268$3,010,750$3,694,484
72$3,987,774$3,251,496$3,056,377$3,929,884
73$4,337,554$3,353,847$3,101,793$4,185,745
74$4,721,217$3,459,418$3,146,935$4,464,073
75$5,142,162$3,568,311$3,191,739$4,767,078
76$5,604,134$3,680,630$3,236,134$5,097,192
77$6,111,258$3,796,483$3,280,046$5,457,093
78$6,668,077$3,915,981$3,323,399$5,849,732
79$7,279,596$4,039,239$3,366,107$6,278,360
80$7,951,328$4,166,375$3,408,085$6,746,556
81$8,689,346$4,297,510$3,449,239$7,258,264
82$9,500,343$4,432,772$3,489,472$7,817,828
83$10,391,689$4,572,288$3,528,680$8,430,032
84$11,371,505$4,716,194$3,566,755$9,100,150
85$12,448,737$4,864,627$3,603,580$9,833,989
86$13,633,244$5,017,729$3,639,036$10,637,948
87$14,935,885$5,175,647$3,672,993$11,519,077
88$16,368,624$5,338,533$3,705,318$12,485,143
89$17,944,646$5,506,543$3,735,867$13,544,703
90$19,678,473$5,679,838$3,764,493$14,707,188
91$21,586,111$5,858,583$3,791,036$15,982,986
92$23,685,191$6,042,950$3,815,333$17,383,544
93$25,995,142$6,233,117$3,837,208$18,921,475
94$28,537,371$6,429,264$3,856,480$20,610,679
95$31,335,466$6,631,581$3,872,954$22,466,468
96$34,415,415$6,840,260$3,886,430$24,505,717
97$37,805,857$7,055,502$3,896,695$26,747,020
98$41,538,346$7,277,514$3,903,526$29,210,867
99$45,647,652$7,506,507$3,906,689$31,919,835
100$50,172,088$7,742,701$3,905,938$34,898,802