Can I retire at age 69 with 2,900,000?

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 $2,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$239,479$237,346$235,265$233,234$231,250$227,139
2 years$118,554$116,346$114,206$112,132$110,119$105,991
3 years$78,251$76,033$73,899$71,844$69,864$65,848
4 years$58,103$55,893$53,780$51,759$49,828$45,954
5 years$46,018$43,821$41,735$39,756$37,878$34,159
6 years$37,964$35,783$33,728$31,793$29,972$26,410
7 years$32,213$30,050$28,028$26,139$24,375$20,973
8 years$27,902$25,759$23,770$21,927$20,221$16,977
9 years$24,550$22,428$20,473$18,677$17,029$13,942
10 years$21,871$19,769$17,849$16,100$14,510$11,576
11 years$19,680$17,599$15,714$14,012$12,479$9,695
12 years$17,855$15,796$13,946$12,290$10,814$8,177
13 years$16,313$14,275$12,460$10,850$9,430$6,935
14 years$14,992$12,975$11,195$9,632$8,266$5,910
15 years$13,848$11,853$10,108$8,590$7,278$5,055
16 years$12,848$10,875$9,164$7,691$6,433$4,338
17 years$11,967$10,016$8,339$6,911$5,704$3,733
18 years$11,184$9,255$7,612$6,228$5,071$3,220
19 years$10,485$8,577$6,969$5,627$4,520$2,783
20 years$9,856$7,970$6,396$5,097$4,038$2,409
21 years$9,288$7,424$5,883$4,626$3,613$2,088
22 years$8,772$6,930$5,422$4,206$3,239$1,812
23 years$8,302$6,482$5,006$3,830$2,907$1,574
24 years$7,872$6,073$4,630$3,493$2,613$1,369
25 years$7,477$5,699$4,288$3,190$2,351$1,192
26 years$7,112$5,356$3,977$2,917$2,118$1,038
27 years$6,776$5,041$3,693$2,670$1,910$904
28 years$6,463$4,750$3,433$2,446$1,723$788
29 years$6,173$4,481$3,195$2,243$1,556$688
30 years$5,903$4,232$2,976$2,059$1,406$600
31 years$5,651$4,001$2,774$1,891$1,271$524
32 years$5,415$3,785$2,588$1,738$1,150$457
33 years$5,193$3,585$2,417$1,598$1,040$399
34 years$4,986$3,398$2,258$1,470$942$349
35 years$4,790$3,223$2,111$1,354$853$305
36 years$4,606$3,059$1,975$1,247$773$266
37 years$4,432$2,905$1,849$1,149$701$233
38 years$4,268$2,761$1,731$1,059$635$204
39 years$4,112$2,625$1,622$976$576$178
40 years$3,965$2,498$1,520$900$522$156
41 years$3,825$2,378$1,425$831$474$136
42 years$3,692$2,264$1,337$767$430$119
43 years$3,566$2,157$1,255$708$390$104
44 years$3,446$2,056$1,178$653$354$91
45 years$3,331$1,961$1,106$603$322$80
46 years$3,222$1,871$1,039$557$292$70
47 years$3,118$1,785$976$515$265$61
48 years$3,018$1,704$917$476$241$53
49 years$2,923$1,628$862$440$219$47
50 years$2,831$1,555$810$406$199$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,900,000, adding $3,601 every year, while hoping to spend $54,826 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: 79/16/5 Blend
68$2,900,000$2,900,000$2,900,000$2,900,000
69$3,199,514$3,045,814$3,000,864$3,451,378
70$3,467,530$3,136,725$3,043,059$3,707,736
71$3,761,047$3,230,252$3,084,829$3,981,287
72$4,082,606$3,326,467$3,126,104$4,279,683
73$4,435,009$3,425,442$3,166,806$4,605,369
74$4,821,341$3,527,249$3,206,855$4,961,041
75$5,244,998$3,631,965$3,246,165$5,349,662
76$5,709,723$3,739,666$3,284,646$5,774,501
77$6,219,636$3,850,431$3,322,203$6,239,152
78$6,779,277$3,964,341$3,358,735$6,747,576
79$7,393,647$4,081,477$3,394,136$7,304,136
80$8,068,253$4,201,923$3,428,294$7,913,634
81$8,809,163$4,325,766$3,461,090$8,581,362
82$9,623,062$4,453,092$3,492,401$9,313,147
83$10,517,312$4,583,992$3,522,094$10,115,408
84$11,500,026$4,718,555$3,550,032$10,995,216
85$12,580,140$4,856,875$3,576,069$11,960,358
86$13,767,499$4,999,047$3,600,053$13,019,414
87$15,072,951$5,145,168$3,621,821$14,181,836
88$16,508,446$5,295,335$3,641,206$15,458,036
89$18,087,149$5,449,649$3,658,029$16,859,482
90$19,823,569$5,608,211$3,672,103$18,398,813
91$21,733,686$5,771,127$3,683,232$20,089,950
92$23,835,111$5,938,501$3,691,209$21,948,230
93$26,147,245$6,110,441$3,695,817$23,990,552
94$28,691,467$6,287,056$3,696,831$26,235,534
95$31,491,332$6,468,457$3,694,010$28,703,690
96$34,572,794$6,654,756$3,687,104$31,417,619
97$37,964,448$6,846,069$3,675,852$34,402,225
98$41,697,806$7,042,511$3,659,977$37,684,945
99$45,807,588$7,244,199$3,639,192$41,296,011
100$50,332,050$7,451,254$3,613,194$45,268,733