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%16.2%
1 years$233,699$231,617$229,586$227,604$225,668$219,945
2 years$115,692$113,538$111,450$109,425$107,461$101,732
3 years$76,362$74,198$72,115$70,110$68,178$62,622
4 years$56,701$54,544$52,481$50,510$48,625$43,286
5 years$44,907$42,763$40,728$38,797$36,964$31,856
6 years$37,047$34,919$32,914$31,026$29,248$24,376
7 years$31,435$29,325$27,352$25,508$23,787$19,151
8 years$27,228$25,137$23,196$21,398$19,733$15,332
9 years$23,958$21,886$19,979$18,226$16,618$12,448
10 years$21,343$19,292$17,418$15,711$14,160$10,215
11 years$19,205$17,174$15,335$13,674$12,178$8,453
12 years$17,424$15,415$13,609$11,994$10,553$7,042
13 years$15,919$13,930$12,159$10,589$9,202$5,897
14 years$14,630$12,662$10,925$9,399$8,067$4,961
15 years$13,514$11,567$9,864$8,383$7,103$4,188
16 years$12,538$10,613$8,943$7,506$6,277$3,546
17 years$11,678$9,774$8,138$6,744$5,566$3,010
18 years$10,914$9,032$7,429$6,077$4,949$2,560
19 years$10,232$8,370$6,801$5,492$4,411$2,181
20 years$9,618$7,778$6,241$4,974$3,940$1,861
21 years$9,064$7,245$5,741$4,514$3,526$1,590
22 years$8,561$6,763$5,291$4,104$3,160$1,360
23 years$8,102$6,325$4,885$3,738$2,837$1,164
24 years$7,682$5,926$4,518$3,409$2,550$997
25 years$7,296$5,562$4,185$3,113$2,295$855
26 years$6,941$5,227$3,881$2,847$2,067$733
27 years$6,612$4,919$3,604$2,606$1,863$629
28 years$6,307$4,635$3,350$2,387$1,681$540
29 years$6,024$4,373$3,118$2,189$1,518$464
30 years$5,761$4,130$2,904$2,009$1,372$399
31 years$5,514$3,904$2,707$1,845$1,240$342
32 years$5,284$3,694$2,526$1,696$1,122$294
33 years$5,068$3,498$2,359$1,559$1,015$253
34 years$4,865$3,316$2,204$1,435$919$218
35 years$4,674$3,145$2,060$1,321$833$187
36 years$4,495$2,985$1,927$1,216$754$161
37 years$4,325$2,835$1,804$1,121$684$138
38 years$4,165$2,694$1,689$1,033$620$119
39 years$4,013$2,562$1,583$953$562$102
40 years$3,869$2,437$1,483$879$510$88
41 years$3,733$2,320$1,391$811$463$76
42 years$3,603$2,210$1,305$748$420$65
43 years$3,480$2,105$1,224$691$381$56
44 years$3,362$2,007$1,149$638$346$48
45 years$3,251$1,914$1,079$589$314$42
46 years$3,144$1,826$1,014$544$285$36
47 years$3,042$1,742$952$503$259$31
48 years$2,945$1,663$895$464$235$26
49 years$2,852$1,588$841$429$213$23
50 years$2,763$1,517$791$397$194$20

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 $4,907 every year, while hoping to spend $54,290 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: 85/10/5 Blend
68$2,830,000$2,830,000$2,830,000$2,830,000
69$3,123,722$2,973,732$2,929,867$3,388,863
70$3,384,577$3,061,680$2,970,253$3,650,379
71$3,670,220$3,152,119$3,010,173$3,929,661
72$3,983,122$3,245,112$3,049,553$4,234,721
73$4,326,004$3,340,726$3,088,316$4,568,112
74$4,701,863$3,439,028$3,126,381$4,932,644
75$5,113,999$3,540,087$3,163,662$5,331,412
76$5,566,049$3,643,973$3,200,066$5,767,824
77$6,062,016$3,750,758$3,235,498$6,245,633
78$6,606,311$3,860,514$3,269,857$6,768,974
79$7,203,792$3,973,316$3,303,034$7,342,400
80$7,859,810$4,089,241$3,334,918$7,970,925
81$8,580,262$4,208,364$3,365,388$8,660,073
82$9,371,639$4,330,765$3,394,320$9,415,931
83$10,241,098$4,456,524$3,421,581$10,245,200
84$11,196,518$4,585,722$3,447,032$11,155,264
85$12,246,582$4,718,442$3,470,527$12,154,257
86$13,400,856$4,854,767$3,491,911$13,251,141
87$14,669,876$4,994,784$3,511,024$14,455,787
88$16,065,254$5,138,579$3,527,693$15,779,070
89$17,599,780$5,286,240$3,541,742$17,232,973
90$19,287,548$5,437,856$3,552,980$18,830,697
91$21,144,085$5,593,518$3,561,212$20,586,785
92$23,186,499$5,753,317$3,566,230$22,517,261
93$25,433,639$5,917,347$3,567,816$24,639,782
94$27,906,274$6,085,701$3,565,741$26,973,799
95$30,627,288$6,258,474$3,559,767$29,540,745
96$33,621,894$6,435,762$3,549,642$32,364,235
97$36,917,874$6,617,661$3,535,102$35,470,290
98$40,545,841$6,804,270$3,515,872$38,887,580
99$44,539,524$6,995,687$3,491,661$42,647,695
100$48,936,090$7,192,010$3,462,166$46,785,446