Can I retire at age 69 with 2,830,000?

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 $2,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$233,699$231,617$229,586$227,604$225,668$223,871
2 years$115,692$113,538$111,450$109,425$107,461$105,649
3 years$76,362$74,198$72,115$70,110$68,178$66,408
4 years$56,701$54,544$52,481$50,510$48,625$46,910
5 years$44,907$42,763$40,728$38,797$36,964$35,310
6 years$37,047$34,919$32,914$31,026$29,248$27,656
7 years$31,435$29,325$27,352$25,508$23,787$22,258
8 years$27,228$25,137$23,196$21,398$19,733$18,268
9 years$23,958$21,886$19,979$18,226$16,618$15,216
10 years$21,343$19,292$17,418$15,711$14,160$12,819
11 years$19,205$17,174$15,335$13,674$12,178$10,898
12 years$17,424$15,415$13,609$11,994$10,553$9,333
13 years$15,919$13,930$12,159$10,589$9,202$8,041
14 years$14,630$12,662$10,925$9,399$8,067$6,962
15 years$13,514$11,567$9,864$8,383$7,103$6,054
16 years$12,538$10,613$8,943$7,506$6,277$5,282
17 years$11,678$9,774$8,138$6,744$5,566$4,623
18 years$10,914$9,032$7,429$6,077$4,949$4,057
19 years$10,232$8,370$6,801$5,492$4,411$3,567
20 years$9,618$7,778$6,241$4,974$3,940$3,143
21 years$9,064$7,245$5,741$4,514$3,526$2,774
22 years$8,561$6,763$5,291$4,104$3,160$2,452
23 years$8,102$6,325$4,885$3,738$2,837$2,170
24 years$7,682$5,926$4,518$3,409$2,550$1,923
25 years$7,296$5,562$4,185$3,113$2,295$1,705
26 years$6,941$5,227$3,881$2,847$2,067$1,513
27 years$6,612$4,919$3,604$2,606$1,863$1,344
28 years$6,307$4,635$3,350$2,387$1,681$1,195
29 years$6,024$4,373$3,118$2,189$1,518$1,063
30 years$5,761$4,130$2,904$2,009$1,372$946
31 years$5,514$3,904$2,707$1,845$1,240$842
32 years$5,284$3,694$2,526$1,696$1,122$750
33 years$5,068$3,498$2,359$1,559$1,015$668
34 years$4,865$3,316$2,204$1,435$919$596
35 years$4,674$3,145$2,060$1,321$833$531
36 years$4,495$2,985$1,927$1,216$754$473
37 years$4,325$2,835$1,804$1,121$684$422
38 years$4,165$2,694$1,689$1,033$620$377
39 years$4,013$2,562$1,583$953$562$336
40 years$3,869$2,437$1,483$879$510$300
41 years$3,733$2,320$1,391$811$463$268
42 years$3,603$2,210$1,305$748$420$239
43 years$3,480$2,105$1,224$691$381$213
44 years$3,362$2,007$1,149$638$346$191
45 years$3,251$1,914$1,079$589$314$170
46 years$3,144$1,826$1,014$544$285$152
47 years$3,042$1,742$952$503$259$136
48 years$2,945$1,663$895$464$235$121
49 years$2,852$1,588$841$429$213$108
50 years$2,763$1,517$791$397$194$97

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,830,000, adding $4,458 every year, while hoping to spend $30,884 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: 51/28/21 Blend
68$2,830,000$2,830,000$2,830,000$2,830,000
69$3,123,258$2,973,268$2,929,403$3,264,091
70$3,408,970$3,086,098$2,994,678$3,474,700
71$3,722,790$3,203,422$3,061,104$3,700,025
72$4,067,551$3,325,426$3,128,688$3,944,369
73$4,446,377$3,452,308$3,197,435$4,209,545
74$4,862,707$3,584,270$3,267,348$4,497,547
75$5,320,331$3,721,527$3,338,432$4,810,568
76$5,823,424$3,864,301$3,410,689$5,151,022
77$6,376,585$4,012,824$3,484,119$5,521,562
78$6,984,883$4,167,338$3,558,723$5,925,107
79$7,653,900$4,328,097$3,634,500$6,364,869
80$8,389,789$4,495,365$3,711,446$6,844,383
81$9,199,327$4,669,417$3,789,559$7,367,538
82$10,089,982$4,850,543$3,868,833$7,938,615
83$11,069,982$5,039,041$3,949,261$8,562,325
84$12,148,393$5,235,227$4,030,834$9,243,855
85$13,335,204$5,439,428$4,113,542$9,988,911
86$14,641,422$5,651,986$4,197,372$10,803,778
87$16,079,173$5,873,260$4,282,311$11,695,374
88$17,661,822$6,103,623$4,368,341$12,671,315
89$19,404,091$6,343,464$4,455,444$13,739,988
90$21,322,206$6,593,191$4,543,599$14,910,625
91$23,434,045$6,853,231$4,632,783$16,193,395
92$25,759,305$7,124,027$4,722,969$17,599,494
93$28,319,694$7,406,044$4,814,128$19,141,252
94$31,139,130$7,699,768$4,906,229$20,832,247
95$34,243,970$8,005,705$4,999,236$22,687,433
96$37,663,256$8,324,385$5,093,112$24,723,281
97$41,428,990$8,656,363$5,187,813$26,957,930
98$45,576,439$9,002,216$5,283,296$29,411,360
99$50,144,460$9,362,549$5,379,511$32,105,578
100$55,175,875$9,737,994$5,476,405$35,064,824