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%15.2%
1 years$232,873$230,799$228,775$226,800$224,871$220,061
2 years$115,284$113,137$111,056$109,038$107,081$102,259
3 years$76,092$73,936$71,860$69,862$67,937$63,252
4 years$56,501$54,351$52,296$50,332$48,453$43,942
5 years$44,748$42,612$40,584$38,659$36,833$32,509
6 years$36,916$34,796$32,798$30,916$29,145$25,012
7 years$31,324$29,221$27,255$25,418$23,703$19,762
8 years$27,132$25,048$23,114$21,323$19,664$15,914
9 years$23,873$21,809$19,909$18,162$16,560$12,998
10 years$21,267$19,223$17,357$15,656$14,110$10,733
11 years$19,137$17,113$15,281$13,625$12,135$8,938
12 years$17,363$15,360$13,561$11,951$10,516$7,495
13 years$15,863$13,881$12,116$10,551$9,170$6,319
14 years$14,578$12,618$10,886$9,366$8,038$5,352
15 years$13,466$11,526$9,829$8,353$7,078$4,550
16 years$12,494$10,575$8,911$7,479$6,255$3,880
17 years$11,637$9,739$8,109$6,720$5,546$3,317
18 years$10,876$9,000$7,402$6,056$4,931$2,842
19 years$10,196$8,341$6,777$5,472$4,396$2,440
20 years$9,584$7,751$6,219$4,956$3,926$2,098
21 years$9,032$7,219$5,720$4,498$3,513$1,806
22 years$8,530$6,739$5,272$4,090$3,149$1,557
23 years$8,073$6,303$4,868$3,725$2,827$1,343
24 years$7,655$5,905$4,502$3,397$2,541$1,160
25 years$7,270$5,542$4,170$3,102$2,287$1,002
26 years$6,916$5,209$3,867$2,837$2,060$866
27 years$6,589$4,902$3,591$2,596$1,857$750
28 years$6,285$4,619$3,338$2,379$1,676$649
29 years$6,003$4,357$3,107$2,181$1,513$562
30 years$5,740$4,115$2,894$2,002$1,367$486
31 years$5,495$3,890$2,698$1,839$1,236$421
32 years$5,265$3,681$2,517$1,690$1,118$365
33 years$5,050$3,486$2,350$1,554$1,012$317
34 years$4,848$3,304$2,196$1,430$916$275
35 years$4,658$3,134$2,053$1,316$830$238
36 years$4,479$2,974$1,921$1,212$752$206
37 years$4,310$2,825$1,798$1,117$681$179
38 years$4,150$2,685$1,683$1,029$618$155
39 years$3,999$2,553$1,577$949$560$135
40 years$3,855$2,429$1,478$875$508$117
41 years$3,719$2,312$1,386$808$461$101
42 years$3,590$2,202$1,300$745$418$88
43 years$3,467$2,098$1,220$688$380$76
44 years$3,351$2,000$1,145$635$345$66
45 years$3,239$1,907$1,075$587$313$58
46 years$3,133$1,819$1,010$542$284$50
47 years$3,032$1,736$949$501$258$43
48 years$2,935$1,657$892$463$234$38
49 years$2,842$1,583$838$428$213$33
50 years$2,753$1,512$788$395$193$28

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 $2,381 every year, while hoping to spend $20,254 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: 63/21/16 Blend
68$2,820,000$2,820,000$2,820,000$2,820,000
69$3,110,096$2,960,636$2,916,926$3,293,560
70$3,405,776$3,084,157$2,993,093$3,540,563
71$3,730,936$3,213,052$3,071,133$3,807,662
72$4,088,562$3,347,562$3,151,086$4,098,856
73$4,481,944$3,487,941$3,232,996$4,416,491
74$4,914,706$3,634,454$3,316,905$4,763,151
75$5,390,841$3,787,377$3,402,857$5,141,674
76$5,914,749$3,947,001$3,490,895$5,555,187
77$6,491,278$4,113,629$3,581,065$6,007,131
78$7,125,770$4,287,578$3,673,412$6,501,290
79$7,824,110$4,469,181$3,767,982$7,041,833
80$8,592,783$4,658,785$3,864,823$7,633,345
81$9,438,935$4,856,753$3,963,983$8,280,876
82$10,370,440$5,063,468$4,065,510$8,989,984
83$11,395,974$5,279,326$4,169,453$9,766,789
84$12,525,096$5,504,746$4,275,863$10,618,028
85$13,768,340$5,740,163$4,384,789$11,551,119
86$15,137,315$5,986,035$4,496,283$12,574,229
87$16,644,809$6,242,839$4,610,397$13,696,353
88$18,304,919$6,511,077$4,727,184$14,927,395
89$20,133,173$6,791,272$4,846,697$16,278,260
90$22,146,685$7,083,973$4,968,990$17,760,960
91$24,364,313$7,389,754$5,094,118$19,388,723
92$26,806,838$7,709,217$5,222,135$21,176,118
93$29,497,156$8,042,990$5,353,098$23,139,189
94$32,460,502$8,391,732$5,487,063$25,295,609
95$35,724,681$8,756,134$5,624,087$27,664,844
96$39,320,331$9,136,918$5,764,227$30,268,334
97$43,281,218$9,534,840$5,907,541$33,129,698
98$47,644,546$9,950,691$6,054,088$36,274,948
99$52,451,317$10,385,302$6,203,927$39,732,744
100$57,746,709$10,839,540$6,357,116$43,534,652