Can I retire at age 69 with 2,880,000?

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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$237,828$235,709$233,642$231,625$229,655$222,482
2 years$117,736$115,544$113,419$111,358$109,360$102,197
3 years$77,711$75,509$73,389$71,348$69,382$62,454
4 years$57,703$55,507$53,409$51,402$49,484$42,844
5 years$45,701$43,518$41,447$39,482$37,617$31,283
6 years$37,702$35,536$33,496$31,574$29,765$23,742
7 years$31,991$29,843$27,835$25,959$24,207$18,495
8 years$27,709$25,581$23,606$21,776$20,082$14,677
9 years$24,381$22,273$20,332$18,548$16,912$11,808
10 years$21,720$19,632$17,726$15,989$14,410$9,599
11 years$19,544$17,478$15,606$13,915$12,393$7,867
12 years$17,732$15,687$13,850$12,205$10,739$6,489
13 years$16,200$14,176$12,374$10,776$9,365$5,380
14 years$14,888$12,886$11,118$9,565$8,209$4,479
15 years$13,752$11,772$10,038$8,531$7,228$3,741
16 years$12,759$10,800$9,101$7,638$6,388$3,134
17 years$11,884$9,947$8,281$6,863$5,664$2,631
18 years$11,107$9,191$7,560$6,185$5,036$2,213
19 years$10,413$8,518$6,921$5,589$4,489$1,865
20 years$9,788$7,916$6,351$5,062$4,010$1,573
21 years$9,224$7,373$5,842$4,594$3,588$1,329
22 years$8,712$6,882$5,384$4,177$3,216$1,123
23 years$8,245$6,437$4,972$3,804$2,887$950
24 years$7,818$6,031$4,598$3,469$2,595$804
25 years$7,425$5,660$4,259$3,168$2,335$681
26 years$7,063$5,319$3,950$2,897$2,103$577
27 years$6,729$5,006$3,668$2,652$1,896$489
28 years$6,419$4,717$3,409$2,429$1,711$415
29 years$6,131$4,450$3,173$2,228$1,545$352
30 years$5,862$4,203$2,955$2,045$1,396$299
31 years$5,612$3,973$2,755$1,878$1,262$254
32 years$5,377$3,759$2,571$1,726$1,142$215
33 years$5,158$3,560$2,400$1,587$1,033$183
34 years$4,951$3,374$2,243$1,460$936$155
35 years$4,757$3,200$2,097$1,344$847$132
36 years$4,574$3,038$1,961$1,238$768$112
37 years$4,401$2,885$1,836$1,141$696$95
38 years$4,238$2,742$1,719$1,051$631$81
39 years$4,084$2,607$1,611$969$572$69
40 years$3,937$2,480$1,510$894$519$58
41 years$3,799$2,361$1,416$825$471$49
42 years$3,667$2,249$1,328$761$427$42
43 years$3,541$2,143$1,246$703$388$36
44 years$3,422$2,042$1,170$649$352$30
45 years$3,308$1,948$1,098$599$319$26
46 years$3,200$1,858$1,031$554$290$22
47 years$3,096$1,773$969$511$263$19
48 years$2,997$1,693$911$473$239$16
49 years$2,902$1,616$856$437$217$13
50 years$2,812$1,544$805$404$197$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,880,000, adding $3,385 every year, while hoping to spend $40,049 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: 24/48/28 Blend
68$2,880,000$2,880,000$2,880,000$2,880,000
69$3,177,252$3,024,612$2,979,972$3,225,416
70$3,458,719$3,130,206$3,037,189$3,372,230
71$3,767,555$3,239,632$3,094,981$3,525,810
72$4,106,507$3,353,035$3,153,324$3,689,519
73$4,478,604$3,470,567$3,212,193$3,864,229
74$4,887,181$3,592,385$3,271,562$4,050,892
75$5,335,914$3,718,652$3,331,400$4,250,554
76$5,828,850$3,849,539$3,391,675$4,464,362
77$6,370,449$3,985,223$3,452,352$4,693,575
78$6,965,624$4,125,887$3,513,394$4,939,574
79$7,619,786$4,271,724$3,574,761$5,203,876
80$8,338,897$4,422,932$3,636,409$5,488,145
81$9,129,528$4,579,719$3,698,293$5,794,209
82$9,998,916$4,742,301$3,760,361$6,124,077
83$10,955,033$4,910,902$3,822,561$6,479,956
84$12,006,666$5,085,755$3,884,836$6,864,271
85$13,163,493$5,267,104$3,947,125$7,279,685
86$14,436,179$5,455,202$4,009,363$7,729,129
87$15,836,474$5,650,312$4,071,482$8,215,824
88$17,377,325$5,852,708$4,133,408$8,743,309
89$19,072,997$6,062,676$4,195,062$9,315,479
90$20,939,209$6,280,512$4,256,362$9,936,618
91$22,993,277$6,506,527$4,317,219$10,611,435
92$25,254,287$6,741,042$4,377,541$11,345,113
93$27,743,263$6,984,392$4,437,228$12,143,354
94$30,483,376$7,236,928$4,496,176$13,012,431
95$33,500,155$7,499,012$4,554,272$13,959,248
96$36,821,731$7,771,023$4,611,400$14,991,400
97$40,479,101$8,053,357$4,667,436$16,117,251
98$44,506,422$8,346,424$4,722,248$17,346,001
99$48,941,331$8,650,653$4,775,697$18,687,782
100$53,825,302$8,966,489$4,827,637$20,153,744