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

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$232,873$230,799$228,775$226,800$224,871$216,290
2 years$115,284$113,137$111,056$109,038$107,081$98,538
3 years$76,092$73,936$71,860$69,862$67,937$59,699
4 years$56,501$54,351$52,296$50,332$48,453$40,584
5 years$44,748$42,612$40,584$38,659$36,833$29,352
6 years$36,916$34,796$32,798$30,916$29,145$22,058
7 years$31,324$29,221$27,255$25,418$23,703$17,007
8 years$27,132$25,048$23,114$21,323$19,664$13,353
9 years$23,873$21,809$19,909$18,162$16,560$10,625
10 years$21,267$19,223$17,357$15,656$14,110$8,540
11 years$19,137$17,113$15,281$13,625$12,135$6,918
12 years$17,363$15,360$13,561$11,951$10,516$5,638
13 years$15,863$13,881$12,116$10,551$9,170$4,618
14 years$14,578$12,618$10,886$9,366$8,038$3,796
15 years$13,466$11,526$9,829$8,353$7,078$3,131
16 years$12,494$10,575$8,911$7,479$6,255$2,589
17 years$11,637$9,739$8,109$6,720$5,546$2,145
18 years$10,876$9,000$7,402$6,056$4,931$1,780
19 years$10,196$8,341$6,777$5,472$4,396$1,479
20 years$9,584$7,751$6,219$4,956$3,926$1,231
21 years$9,032$7,219$5,720$4,498$3,513$1,025
22 years$8,530$6,739$5,272$4,090$3,149$854
23 years$8,073$6,303$4,868$3,725$2,827$713
24 years$7,655$5,905$4,502$3,397$2,541$595
25 years$7,270$5,542$4,170$3,102$2,287$497
26 years$6,916$5,209$3,867$2,837$2,060$415
27 years$6,589$4,902$3,591$2,596$1,857$346
28 years$6,285$4,619$3,338$2,379$1,676$290
29 years$6,003$4,357$3,107$2,181$1,513$242
30 years$5,740$4,115$2,894$2,002$1,367$202
31 years$5,495$3,890$2,698$1,839$1,236$169
32 years$5,265$3,681$2,517$1,690$1,118$141
33 years$5,050$3,486$2,350$1,554$1,012$118
34 years$4,848$3,304$2,196$1,430$916$99
35 years$4,658$3,134$2,053$1,316$830$83
36 years$4,479$2,974$1,921$1,212$752$69
37 years$4,310$2,825$1,798$1,117$681$58
38 years$4,150$2,685$1,683$1,029$618$48
39 years$3,999$2,553$1,577$949$560$41
40 years$3,855$2,429$1,478$875$508$34
41 years$3,719$2,312$1,386$808$461$28
42 years$3,590$2,202$1,300$745$418$24
43 years$3,467$2,098$1,220$688$380$20
44 years$3,351$2,000$1,145$635$345$17
45 years$3,239$1,907$1,075$587$313$14
46 years$3,133$1,819$1,010$542$284$12
47 years$3,032$1,736$949$501$258$10
48 years$2,935$1,657$892$463$234$8
49 years$2,842$1,583$838$428$213$7
50 years$2,753$1,512$788$395$193$6

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 $6,759 every year, while hoping to spend $41,023 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: 77/6/17 Blend
68$2,820,000$2,820,000$2,820,000$2,820,000
69$3,114,612$2,965,152$2,921,442$3,342,174
70$3,388,654$3,066,796$2,975,662$3,595,047
71$3,689,274$3,172,046$3,030,324$3,866,483
72$4,019,138$3,281,035$3,085,398$4,163,046
73$4,381,186$3,393,902$3,140,855$4,487,233
74$4,778,654$3,510,790$3,196,660$4,841,793
75$5,215,107$3,631,849$3,252,779$5,229,756
76$5,694,473$3,757,234$3,309,172$5,654,457
77$6,221,078$3,887,107$3,365,797$6,119,569
78$6,799,688$4,021,636$3,422,612$6,629,141
79$7,435,555$4,160,994$3,479,568$7,187,631
80$8,134,462$4,305,363$3,536,614$7,799,950
81$8,902,783$4,454,932$3,593,696$8,471,507
82$9,747,538$4,609,896$3,650,757$9,208,263
83$10,676,464$4,770,457$3,707,734$10,016,785
84$11,698,083$4,936,829$3,764,563$10,904,304
85$12,821,784$5,109,231$3,821,173$11,878,792
86$14,057,914$5,287,891$3,877,489$12,949,027
87$15,417,870$5,473,046$3,933,434$14,124,685
88$16,914,213$5,664,945$3,988,924$15,416,422
89$18,560,779$5,863,845$4,043,870$16,835,981
90$20,372,817$6,070,012$4,098,178$18,396,302
91$22,367,127$6,283,724$4,151,749$20,111,639
92$24,562,218$6,505,271$4,204,477$21,997,700
93$26,978,489$6,734,954$4,256,252$24,071,792
94$29,638,413$6,973,085$4,306,955$26,352,986
95$32,566,756$7,219,991$4,356,462$28,862,292
96$35,790,804$7,476,009$4,404,643$31,622,865
97$39,340,625$7,741,493$4,451,358$34,660,216
98$43,249,352$8,016,809$4,496,461$38,002,457
99$47,553,493$8,302,339$4,539,799$41,680,563
100$52,293,276$8,598,481$4,581,209$45,728,668