Can I retire at age 69 with 2,890,000?

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 $2,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$238,653$236,528$234,454$232,429$230,453$228,426
2 years$118,145$115,945$113,812$111,745$109,739$107,697
3 years$77,981$75,771$73,644$71,596$69,623$67,629
4 years$57,903$55,700$53,594$51,581$49,656$47,725
5 years$45,859$43,669$41,591$39,619$37,748$35,885
6 years$37,833$35,659$33,612$31,684$29,868$28,077
7 years$32,102$29,947$27,932$26,049$24,291$22,571
8 years$27,805$25,670$23,688$21,852$20,152$18,504
9 years$24,466$22,350$20,403$18,613$16,971$15,394
10 years$21,795$19,701$17,788$16,044$14,460$12,954
11 years$19,612$17,538$15,660$13,964$12,436$10,999
12 years$17,794$15,741$13,898$12,248$10,777$9,408
13 years$16,257$14,226$12,417$10,813$9,398$8,095
14 years$14,940$12,931$11,156$9,599$8,238$7,000
15 years$13,800$11,812$10,073$8,560$7,253$6,078
16 years$12,804$10,838$9,132$7,665$6,410$5,296
17 years$11,925$9,981$8,310$6,887$5,684$4,629
18 years$11,146$9,223$7,586$6,206$5,054$4,056
19 years$10,449$8,548$6,945$5,608$4,505$3,562
20 years$9,822$7,943$6,374$5,079$4,024$3,134
21 years$9,256$7,399$5,862$4,610$3,601$2,762
22 years$8,742$6,906$5,403$4,191$3,228$2,437
23 years$8,274$6,459$4,989$3,817$2,897$2,154
24 years$7,845$6,052$4,614$3,481$2,604$1,905
25 years$7,451$5,679$4,273$3,179$2,343$1,687
26 years$7,088$5,338$3,963$2,907$2,111$1,495
27 years$6,752$5,024$3,680$2,661$1,903$1,326
28 years$6,441$4,734$3,421$2,438$1,717$1,177
29 years$6,152$4,466$3,184$2,236$1,551$1,045
30 years$5,883$4,217$2,966$2,052$1,401$928
31 years$5,631$3,987$2,765$1,884$1,267$825
32 years$5,396$3,772$2,580$1,732$1,146$734
33 years$5,176$3,572$2,409$1,593$1,037$653
34 years$4,968$3,386$2,250$1,465$939$581
35 years$4,774$3,211$2,104$1,349$850$517
36 years$4,590$3,048$1,968$1,242$770$460
37 years$4,417$2,895$1,842$1,145$698$410
38 years$4,253$2,751$1,725$1,055$633$365
39 years$4,098$2,616$1,616$973$574$325
40 years$3,951$2,489$1,515$897$521$290
41 years$3,812$2,369$1,421$828$472$258
42 years$3,679$2,257$1,332$764$429$230
43 years$3,554$2,150$1,250$705$389$205
44 years$3,434$2,049$1,174$651$353$183
45 years$3,320$1,954$1,102$601$321$163
46 years$3,211$1,864$1,035$555$291$145
47 years$3,107$1,779$972$513$264$129
48 years$3,007$1,698$914$474$240$115
49 years$2,913$1,622$859$438$218$103
50 years$2,822$1,549$808$405$198$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,890,000, adding $4,764 every year, while hoping to spend $25,683 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: 53/25/22 Blend
68$2,890,000$2,890,000$2,890,000$2,890,000
69$3,189,694$3,036,524$2,991,729$3,339,169
70$3,487,716$3,157,987$3,064,625$3,564,035
71$3,815,276$3,284,541$3,139,103$3,805,536
72$4,175,359$3,416,409$3,215,188$4,067,793
73$4,571,255$3,553,822$3,292,906$4,352,794
74$5,006,587$3,697,023$3,372,282$4,662,727
75$5,485,348$3,846,267$3,453,343$4,999,994
76$6,011,939$4,001,819$3,536,115$5,367,241
77$6,591,204$4,163,955$3,620,623$5,767,378
78$7,228,485$4,332,967$3,706,892$6,203,606
79$7,929,666$4,509,158$3,794,948$6,679,446
80$8,701,229$4,692,844$3,884,815$7,198,774
81$9,550,317$4,884,356$3,976,520$7,765,854
82$10,484,802$5,084,042$4,070,086$8,385,380
83$11,513,356$5,292,264$4,165,538$9,062,518
84$12,645,533$5,509,401$4,262,899$9,802,954
85$13,891,864$5,735,848$4,362,192$10,612,946
86$15,263,950$5,972,020$4,463,442$11,499,385
87$16,774,576$6,218,352$4,566,669$12,469,856
88$18,437,826$6,475,294$4,671,896$13,532,710
89$20,269,224$6,743,323$4,779,144$14,697,143
90$22,285,872$7,022,934$4,888,433$15,973,278
91$24,506,618$7,314,645$4,999,783$17,372,263
92$26,952,229$7,618,998$5,113,212$18,906,376
93$29,645,590$7,936,562$5,228,737$20,589,134
94$32,611,916$8,267,930$5,346,376$22,435,425
95$35,878,996$8,613,723$5,466,144$24,461,645
96$39,477,449$8,974,591$5,588,056$26,685,851
97$43,441,017$9,351,214$5,712,123$29,127,933
98$47,806,879$9,744,302$5,838,358$31,809,795
99$52,616,008$10,154,600$5,966,770$34,755,563
100$57,913,552$10,582,887$6,097,369$37,991,815