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%12.4%
1 years$232,873$230,799$228,775$226,800$224,871$222,615
2 years$115,284$113,137$111,056$109,038$107,081$104,809
3 years$76,092$73,936$71,860$69,862$67,937$65,719
4 years$56,501$54,351$52,296$50,332$48,453$46,307
5 years$44,748$42,612$40,584$38,659$36,833$34,764
6 years$36,916$34,796$32,798$30,916$29,145$27,156
7 years$31,324$29,221$27,255$25,418$23,703$21,795
8 years$27,132$25,048$23,114$21,323$19,664$17,837
9 years$23,873$21,809$19,909$18,162$16,560$14,813
10 years$21,267$19,223$17,357$15,656$14,110$12,442
11 years$19,137$17,113$15,281$13,625$12,135$10,545
12 years$17,363$15,360$13,561$11,951$10,516$9,003
13 years$15,863$13,881$12,116$10,551$9,170$7,731
14 years$14,578$12,618$10,886$9,366$8,038$6,672
15 years$13,466$11,526$9,829$8,353$7,078$5,782
16 years$12,494$10,575$8,911$7,479$6,255$5,028
17 years$11,637$9,739$8,109$6,720$5,546$4,385
18 years$10,876$9,000$7,402$6,056$4,931$3,834
19 years$10,196$8,341$6,777$5,472$4,396$3,360
20 years$9,584$7,751$6,219$4,956$3,926$2,949
21 years$9,032$7,219$5,720$4,498$3,513$2,593
22 years$8,530$6,739$5,272$4,090$3,149$2,284
23 years$8,073$6,303$4,868$3,725$2,827$2,013
24 years$7,655$5,905$4,502$3,397$2,541$1,777
25 years$7,270$5,542$4,170$3,102$2,287$1,570
26 years$6,916$5,209$3,867$2,837$2,060$1,388
27 years$6,589$4,902$3,591$2,596$1,857$1,228
28 years$6,285$4,619$3,338$2,379$1,676$1,087
29 years$6,003$4,357$3,107$2,181$1,513$963
30 years$5,740$4,115$2,894$2,002$1,367$854
31 years$5,495$3,890$2,698$1,839$1,236$757
32 years$5,265$3,681$2,517$1,690$1,118$671
33 years$5,050$3,486$2,350$1,554$1,012$596
34 years$4,848$3,304$2,196$1,430$916$529
35 years$4,658$3,134$2,053$1,316$830$469
36 years$4,479$2,974$1,921$1,212$752$417
37 years$4,310$2,825$1,798$1,117$681$370
38 years$4,150$2,685$1,683$1,029$618$329
39 years$3,999$2,553$1,577$949$560$292
40 years$3,855$2,429$1,478$875$508$260
41 years$3,719$2,312$1,386$808$461$231
42 years$3,590$2,202$1,300$745$418$205
43 years$3,467$2,098$1,220$688$380$182
44 years$3,351$2,000$1,145$635$345$162
45 years$3,239$1,907$1,075$587$313$144
46 years$3,133$1,819$1,010$542$284$128
47 years$3,032$1,736$949$501$258$114
48 years$2,935$1,657$892$463$234$101
49 years$2,842$1,583$838$428$213$90
50 years$2,753$1,512$788$395$193$80

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 $3,306 every year, while hoping to spend $33,185 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: 61/13/26 Blend
68$2,820,000$2,820,000$2,820,000$2,820,000
69$3,111,050$2,961,590$2,917,880$3,278,982
70$3,393,069$3,071,399$2,980,321$3,503,307
71$3,702,741$3,185,477$3,043,740$3,744,159
72$4,042,852$3,303,998$3,108,138$4,006,344
73$4,416,472$3,427,142$3,173,509$4,291,949
74$4,826,980$3,555,100$3,239,849$4,603,271
75$5,278,101$3,688,068$3,307,153$4,942,839
76$5,773,937$3,826,254$3,375,413$5,313,437
77$6,319,009$3,969,871$3,444,619$5,718,130
78$6,918,296$4,119,143$3,514,762$6,160,294
79$7,577,285$4,274,303$3,585,830$6,643,646
80$8,302,021$4,435,597$3,657,808$7,172,278
81$9,099,163$4,603,277$3,730,680$7,750,698
82$9,976,049$4,777,609$3,804,430$8,383,871
83$10,940,764$4,958,870$3,879,036$9,077,262
84$12,002,215$5,147,348$3,954,477$9,836,894
85$13,170,217$5,343,345$4,030,728$10,669,399
86$14,455,585$5,547,174$4,107,763$11,582,081
87$15,870,233$5,759,164$4,185,552$12,582,989
88$17,427,291$5,979,657$4,264,062$13,680,985
89$19,141,225$6,209,011$4,343,258$14,885,834
90$21,027,976$6,447,597$4,423,103$16,208,292
91$23,105,106$6,695,807$4,503,554$17,660,207
92$25,391,971$6,954,046$4,584,567$19,254,633
93$27,909,896$7,222,737$4,666,094$21,005,951
94$30,682,379$7,502,325$4,748,082$22,930,003
95$33,735,314$7,793,272$4,830,475$25,044,245
96$37,097,234$8,096,060$4,913,213$27,367,905
97$40,799,578$8,411,193$4,996,232$29,922,170
98$44,876,992$8,739,198$5,079,463$32,730,383
99$49,367,652$9,080,625$5,162,831$35,818,261
100$54,313,624$9,436,048$5,246,259$39,214,141