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%18.7%
1 years$238,653$236,528$234,454$232,429$230,453$222,364
2 years$118,145$115,945$113,812$111,745$109,739$101,676
3 years$77,981$75,771$73,644$71,596$69,623$61,837
4 years$57,903$55,700$53,594$51,581$49,656$42,207
5 years$45,859$43,669$41,591$39,619$37,748$30,656
6 years$37,833$35,659$33,612$31,684$29,868$23,139
7 years$32,102$29,947$27,932$26,049$24,291$17,922
8 years$27,805$25,670$23,688$21,852$20,152$14,139
9 years$24,466$22,350$20,403$18,613$16,971$11,306
10 years$21,795$19,701$17,788$16,044$14,460$9,133
11 years$19,612$17,538$15,660$13,964$12,436$7,437
12 years$17,794$15,741$13,898$12,248$10,777$6,094
13 years$16,257$14,226$12,417$10,813$9,398$5,018
14 years$14,940$12,931$11,156$9,599$8,238$4,149
15 years$13,800$11,812$10,073$8,560$7,253$3,441
16 years$12,804$10,838$9,132$7,665$6,410$2,862
17 years$11,925$9,981$8,310$6,887$5,684$2,385
18 years$11,146$9,223$7,586$6,206$5,054$1,991
19 years$10,449$8,548$6,945$5,608$4,505$1,665
20 years$9,822$7,943$6,374$5,079$4,024$1,394
21 years$9,256$7,399$5,862$4,610$3,601$1,168
22 years$8,742$6,906$5,403$4,191$3,228$980
23 years$8,274$6,459$4,989$3,817$2,897$822
24 years$7,845$6,052$4,614$3,481$2,604$691
25 years$7,451$5,679$4,273$3,179$2,343$580
26 years$7,088$5,338$3,963$2,907$2,111$488
27 years$6,752$5,024$3,680$2,661$1,903$410
28 years$6,441$4,734$3,421$2,438$1,717$345
29 years$6,152$4,466$3,184$2,236$1,551$290
30 years$5,883$4,217$2,966$2,052$1,401$244
31 years$5,631$3,987$2,765$1,884$1,267$206
32 years$5,396$3,772$2,580$1,732$1,146$173
33 years$5,176$3,572$2,409$1,593$1,037$146
34 years$4,968$3,386$2,250$1,465$939$123
35 years$4,774$3,211$2,104$1,349$850$103
36 years$4,590$3,048$1,968$1,242$770$87
37 years$4,417$2,895$1,842$1,145$698$73
38 years$4,253$2,751$1,725$1,055$633$62
39 years$4,098$2,616$1,616$973$574$52
40 years$3,951$2,489$1,515$897$521$44
41 years$3,812$2,369$1,421$828$472$37
42 years$3,679$2,257$1,332$764$429$31
43 years$3,554$2,150$1,250$705$389$26
44 years$3,434$2,049$1,174$651$353$22
45 years$3,320$1,954$1,102$601$321$19
46 years$3,211$1,864$1,035$555$291$16
47 years$3,107$1,779$972$513$264$13
48 years$3,007$1,698$914$474$240$11
49 years$2,913$1,622$859$438$218$9
50 years$2,822$1,549$808$405$198$8

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 $2,092 every year, while hoping to spend $38,810 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: 63/30/7 Blend
68$2,890,000$2,890,000$2,890,000$2,890,000
69$3,186,938$3,033,768$2,988,973$3,383,352
70$3,470,712$3,141,129$3,047,810$3,621,941
71$3,782,130$3,252,450$3,107,317$3,877,590
72$4,123,972$3,367,884$3,167,476$4,155,705
73$4,499,297$3,487,590$3,228,267$4,458,460
74$4,911,477$3,611,735$3,289,666$4,788,247
75$5,364,228$3,740,490$3,351,650$5,147,697
76$5,861,640$3,874,035$3,414,191$5,539,705
77$6,408,222$4,012,556$3,477,261$5,967,457
78$7,008,938$4,156,250$3,540,827$6,434,461
79$7,669,261$4,305,317$3,604,856$6,944,576
80$8,395,217$4,459,969$3,669,310$7,502,050
81$9,193,447$4,620,425$3,734,149$8,111,560
82$10,071,267$4,786,914$3,799,332$8,778,253
83$11,036,737$4,959,674$3,864,810$9,507,799
84$12,098,738$5,138,952$3,930,535$10,306,436
85$13,267,056$5,325,007$3,996,455$11,181,035
86$14,552,471$5,518,107$4,062,511$12,139,163
87$15,966,861$5,718,533$4,128,643$13,189,150
88$17,523,316$5,926,576$4,194,788$14,340,170
89$19,236,255$6,142,540$4,260,875$15,602,325
90$21,121,570$6,366,741$4,326,831$16,986,742
91$23,196,768$6,599,509$4,392,578$18,505,674
92$25,481,142$6,841,188$4,458,032$20,172,618
93$27,995,948$7,092,136$4,523,106$22,002,438
94$30,764,610$7,352,726$4,587,705$24,011,506
95$33,812,937$7,623,347$4,651,730$26,217,856
96$37,169,369$7,904,403$4,715,076$28,641,354
97$40,865,244$8,196,318$4,777,630$31,303,880
98$44,935,093$8,499,532$4,839,275$34,229,539
99$49,416,967$8,814,504$4,899,885$37,444,883
100$54,352,795$9,141,711$4,959,328$40,979,164