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%19.6%
1 years$236,176$234,072$232,020$230,017$228,060$219,272
2 years$116,919$114,741$112,631$110,585$108,600$99,850
3 years$77,172$74,985$72,880$70,853$68,900$60,465
4 years$57,302$55,122$53,038$51,045$49,140$41,084
5 years$45,383$43,216$41,159$39,208$37,356$29,698
6 years$37,440$35,289$33,263$31,355$29,558$22,305
7 years$31,769$29,636$27,642$25,779$24,039$17,188
8 years$27,517$25,403$23,442$21,625$19,943$13,487
9 years$24,212$22,118$20,191$18,420$16,794$10,725
10 years$21,569$19,496$17,603$15,878$14,310$8,615
11 years$19,408$17,356$15,497$13,819$12,307$6,974
12 years$17,609$15,578$13,753$12,121$10,665$5,680
13 years$16,088$14,078$12,288$10,701$9,300$4,649
14 years$14,785$12,796$11,041$9,499$8,152$3,819
15 years$13,657$11,690$9,968$8,471$7,178$3,148
16 years$12,671$10,725$9,038$7,585$6,344$2,600
17 years$11,802$9,878$8,224$6,815$5,625$2,153
18 years$11,030$9,127$7,507$6,142$5,001$1,785
19 years$10,340$8,459$6,873$5,550$4,458$1,483
20 years$9,720$7,861$6,307$5,026$3,982$1,233
21 years$9,160$7,322$5,802$4,562$3,563$1,026
22 years$8,651$6,835$5,347$4,148$3,194$854
23 years$8,188$6,392$4,937$3,777$2,867$712
24 years$7,763$5,989$4,566$3,445$2,577$594
25 years$7,374$5,621$4,229$3,146$2,319$495
26 years$7,014$5,282$3,922$2,877$2,089$413
27 years$6,682$4,971$3,642$2,633$1,883$345
28 years$6,374$4,684$3,386$2,413$1,699$288
29 years$6,088$4,419$3,151$2,212$1,534$241
30 years$5,822$4,174$2,935$2,030$1,386$201
31 years$5,573$3,945$2,736$1,865$1,253$168
32 years$5,340$3,733$2,553$1,714$1,134$140
33 years$5,122$3,535$2,384$1,576$1,026$117
34 years$4,917$3,351$2,227$1,450$929$98
35 years$4,724$3,178$2,082$1,335$841$82
36 years$4,542$3,016$1,948$1,229$762$68
37 years$4,371$2,865$1,823$1,133$691$57
38 years$4,209$2,723$1,707$1,044$626$48
39 years$4,055$2,589$1,599$963$568$40
40 years$3,910$2,463$1,499$888$515$33
41 years$3,772$2,345$1,406$819$467$28
42 years$3,641$2,233$1,319$756$424$23
43 years$3,517$2,128$1,237$698$385$20
44 years$3,398$2,028$1,162$644$349$16
45 years$3,285$1,934$1,091$595$317$14
46 years$3,177$1,845$1,024$550$288$11
47 years$3,075$1,761$962$508$262$10
48 years$2,976$1,681$904$469$238$8
49 years$2,882$1,605$850$434$216$7
50 years$2,792$1,533$799$401$196$6

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 $4,596 every year, while hoping to spend $53,501 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: 48/44/8 Blend
68$2,860,000$2,860,000$2,860,000$2,860,000
69$3,156,461$3,004,881$2,960,551$3,301,006
70$3,421,495$3,095,195$3,002,805$3,490,891
71$3,711,770$3,188,142$3,044,681$3,690,929
72$4,029,803$3,283,794$3,086,110$3,906,866
73$4,378,368$3,382,224$3,127,020$4,140,196
74$4,760,518$3,483,510$3,167,332$4,392,565
75$5,179,618$3,587,729$3,206,964$4,665,780
76$5,639,371$3,694,960$3,245,830$4,961,832
77$6,143,860$3,805,287$3,283,838$5,282,909
78$6,697,579$3,918,791$3,320,892$5,631,420
79$7,305,479$4,035,559$3,356,889$6,010,015
80$7,973,015$4,155,678$3,391,722$6,421,610
81$8,706,194$4,279,237$3,425,276$6,869,416
82$9,511,635$4,406,329$3,457,432$7,356,966
83$10,396,629$4,537,047$3,488,063$7,888,150
84$11,369,210$4,671,486$3,517,038$8,467,250
85$12,438,225$4,809,745$3,544,214$9,098,980
86$13,613,425$4,951,924$3,569,446$9,788,533
87$14,905,550$5,098,123$3,592,578$10,541,624
88$16,326,433$5,248,449$3,613,447$11,364,546
89$17,889,113$5,403,007$3,631,882$12,264,233
90$19,607,954$5,561,905$3,647,701$13,248,317
91$21,498,783$5,725,256$3,660,716$14,325,206
92$23,579,037$5,893,171$3,670,728$15,504,159
93$25,867,929$6,065,767$3,677,528$16,795,377
94$28,386,629$6,243,161$3,680,896$18,210,092
95$31,158,461$6,425,472$3,680,603$19,760,681
96$34,209,127$6,612,823$3,676,406$21,460,772
97$37,566,945$6,805,338$3,668,052$23,325,384
98$41,263,117$7,003,144$3,655,276$25,371,058
99$45,332,026$7,206,369$3,637,798$27,616,016
100$49,811,556$7,415,144$3,615,328$30,080,335