Can I retire at age 69 with 2,860,000?

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$236,176$234,072$232,020$230,017$228,060$221,292
2 years$116,919$114,741$112,631$110,585$108,600$101,837
3 years$77,172$74,985$72,880$70,853$68,900$62,355
4 years$57,302$55,122$53,038$51,045$49,140$42,862
5 years$45,383$43,216$41,159$39,208$37,356$31,362
6 years$37,440$35,289$33,263$31,355$29,558$23,854
7 years$31,769$29,636$27,642$25,779$24,039$18,625
8 years$27,517$25,403$23,442$21,625$19,943$14,815
9 years$24,212$22,118$20,191$18,420$16,794$11,948
10 years$21,569$19,496$17,603$15,878$14,310$9,738
11 years$19,408$17,356$15,497$13,819$12,307$8,001
12 years$17,609$15,578$13,753$12,121$10,665$6,617
13 years$16,088$14,078$12,288$10,701$9,300$5,501
14 years$14,785$12,796$11,041$9,499$8,152$4,592
15 years$13,657$11,690$9,968$8,471$7,178$3,847
16 years$12,671$10,725$9,038$7,585$6,344$3,232
17 years$11,802$9,878$8,224$6,815$5,625$2,721
18 years$11,030$9,127$7,507$6,142$5,001$2,296
19 years$10,340$8,459$6,873$5,550$4,458$1,940
20 years$9,720$7,861$6,307$5,026$3,982$1,642
21 years$9,160$7,322$5,802$4,562$3,563$1,391
22 years$8,651$6,835$5,347$4,148$3,194$1,179
23 years$8,188$6,392$4,937$3,777$2,867$1,001
24 years$7,763$5,989$4,566$3,445$2,577$850
25 years$7,374$5,621$4,229$3,146$2,319$722
26 years$7,014$5,282$3,922$2,877$2,089$614
27 years$6,682$4,971$3,642$2,633$1,883$522
28 years$6,374$4,684$3,386$2,413$1,699$444
29 years$6,088$4,419$3,151$2,212$1,534$378
30 years$5,822$4,174$2,935$2,030$1,386$322
31 years$5,573$3,945$2,736$1,865$1,253$274
32 years$5,340$3,733$2,553$1,714$1,134$233
33 years$5,122$3,535$2,384$1,576$1,026$199
34 years$4,917$3,351$2,227$1,450$929$169
35 years$4,724$3,178$2,082$1,335$841$144
36 years$4,542$3,016$1,948$1,229$762$123
37 years$4,371$2,865$1,823$1,133$691$105
38 years$4,209$2,723$1,707$1,044$626$89
39 years$4,055$2,589$1,599$963$568$76
40 years$3,910$2,463$1,499$888$515$65
41 years$3,772$2,345$1,406$819$467$55
42 years$3,641$2,233$1,319$756$424$47
43 years$3,517$2,128$1,237$698$385$40
44 years$3,398$2,028$1,162$644$349$34
45 years$3,285$1,934$1,091$595$317$29
46 years$3,177$1,845$1,024$550$288$25
47 years$3,075$1,761$962$508$262$21
48 years$2,976$1,681$904$469$238$18
49 years$2,882$1,605$850$434$216$15
50 years$2,792$1,533$799$401$196$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,860,000, adding $6,315 every year, while hoping to spend $33,412 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: 55/22/23 Blend
68$2,860,000$2,860,000$2,860,000$2,860,000
69$3,158,234$3,006,654$2,962,324$3,311,755
70$3,444,824$3,118,430$3,026,012$3,529,528
71$3,759,526$3,234,563$3,090,713$3,762,534
72$4,105,172$3,355,232$3,156,427$4,015,585
73$4,484,883$3,480,621$3,223,151$4,290,615
74$4,902,096$3,610,926$3,290,881$4,589,750
75$5,360,596$3,746,348$3,359,612$4,915,333
76$5,864,556$3,887,098$3,429,338$5,269,937
77$6,418,571$4,033,396$3,500,051$5,656,397
78$7,027,704$4,185,472$3,571,742$6,077,834
79$7,697,534$4,343,564$3,644,399$6,537,680
80$8,434,206$4,507,921$3,718,009$7,039,715
81$9,244,491$4,678,806$3,792,559$7,588,100
82$10,135,850$4,856,488$3,868,031$8,187,416
83$11,116,503$5,041,253$3,944,406$8,842,706
84$12,195,507$5,233,395$4,021,664$9,559,522
85$13,382,840$5,433,223$4,099,782$10,343,979
86$14,689,499$5,641,059$4,178,733$11,202,810
87$16,127,597$5,857,241$4,258,490$12,143,427
88$17,710,484$6,082,117$4,339,021$13,173,996
89$19,452,868$6,316,056$4,420,294$14,303,509
90$21,370,957$6,559,439$4,502,270$15,541,867
91$23,482,609$6,812,666$4,584,910$16,899,978
92$25,807,501$7,076,153$4,668,170$18,389,854
93$28,367,317$7,350,335$4,752,005$20,024,728
94$31,185,949$7,635,667$4,836,362$21,819,172
95$34,289,724$7,932,622$4,921,189$23,789,241
96$37,707,652$8,241,697$5,006,425$25,952,618
97$41,471,701$8,563,409$5,092,009$28,328,783
98$45,617,096$8,898,297$5,177,872$30,939,196
99$50,182,652$9,246,926$5,263,944$33,807,495
100$55,211,142$9,609,886$5,350,146$36,959,722