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%13.5%
1 years$239,479$237,346$235,265$233,234$231,250$227,888
2 years$118,554$116,346$114,206$112,132$110,119$106,739
3 years$78,251$76,033$73,899$71,844$69,864$66,571
4 years$58,103$55,893$53,780$51,759$49,828$46,647
5 years$46,018$43,821$41,735$39,756$37,878$34,819
6 years$37,964$35,783$33,728$31,793$29,972$27,038
7 years$32,213$30,050$28,028$26,139$24,375$21,568
8 years$27,902$25,759$23,770$21,927$20,221$17,540
9 years$24,550$22,428$20,473$18,677$17,029$14,472
10 years$21,871$19,769$17,849$16,100$14,510$12,075
11 years$19,680$17,599$15,714$14,012$12,479$10,164
12 years$17,855$15,796$13,946$12,290$10,814$8,617
13 years$16,313$14,275$12,460$10,850$9,430$7,347
14 years$14,992$12,975$11,195$9,632$8,266$6,294
15 years$13,848$11,853$10,108$8,590$7,278$5,414
16 years$12,848$10,875$9,164$7,691$6,433$4,672
17 years$11,967$10,016$8,339$6,911$5,704$4,043
18 years$11,184$9,255$7,612$6,228$5,071$3,508
19 years$10,485$8,577$6,969$5,627$4,520$3,049
20 years$9,856$7,970$6,396$5,097$4,038$2,655
21 years$9,288$7,424$5,883$4,626$3,613$2,316
22 years$8,772$6,930$5,422$4,206$3,239$2,022
23 years$8,302$6,482$5,006$3,830$2,907$1,768
24 years$7,872$6,073$4,630$3,493$2,613$1,547
25 years$7,477$5,699$4,288$3,190$2,351$1,355
26 years$7,112$5,356$3,977$2,917$2,118$1,187
27 years$6,776$5,041$3,693$2,670$1,910$1,041
28 years$6,463$4,750$3,433$2,446$1,723$914
29 years$6,173$4,481$3,195$2,243$1,556$802
30 years$5,903$4,232$2,976$2,059$1,406$705
31 years$5,651$4,001$2,774$1,891$1,271$619
32 years$5,415$3,785$2,588$1,738$1,150$544
33 years$5,193$3,585$2,417$1,598$1,040$479
34 years$4,986$3,398$2,258$1,470$942$421
35 years$4,790$3,223$2,111$1,354$853$370
36 years$4,606$3,059$1,975$1,247$773$326
37 years$4,432$2,905$1,849$1,149$701$287
38 years$4,268$2,761$1,731$1,059$635$252
39 years$4,112$2,625$1,622$976$576$222
40 years$3,965$2,498$1,520$900$522$195
41 years$3,825$2,378$1,425$831$474$172
42 years$3,692$2,264$1,337$767$430$151
43 years$3,566$2,157$1,255$708$390$133
44 years$3,446$2,056$1,178$653$354$117
45 years$3,331$1,961$1,106$603$322$103
46 years$3,222$1,871$1,039$557$292$91
47 years$3,118$1,785$976$515$265$80
48 years$3,018$1,704$917$476$241$71
49 years$2,923$1,628$862$440$219$62
50 years$2,831$1,555$810$406$199$55

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 $3,757 every year, while hoping to spend $46,649 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: 55/17/28 Blend
68$2,900,000$2,900,000$2,900,000$2,900,000
69$3,199,675$3,045,975$3,001,025$3,350,663
70$3,476,408$3,145,594$3,051,926$3,554,834
71$3,779,804$3,248,530$3,102,967$3,771,965
72$4,112,534$3,354,898$3,154,106$4,007,519
73$4,477,538$3,464,814$3,205,295$4,263,285
74$4,878,057$3,578,400$3,256,483$4,541,235
75$5,317,659$3,695,782$3,307,615$4,843,538
76$5,800,275$3,817,090$3,358,635$5,172,583
77$6,330,234$3,942,458$3,409,480$5,531,001
78$6,912,307$4,072,027$3,460,086$5,921,689
79$7,551,747$4,205,942$3,510,384$6,347,837
80$8,254,343$4,344,351$3,560,300$6,812,961
81$9,026,472$4,487,410$3,609,756$7,320,929
82$9,875,159$4,635,280$3,658,670$7,876,005
83$10,808,144$4,788,127$3,706,954$8,482,884
84$11,833,953$4,946,124$3,754,515$9,146,738
85$12,961,981$5,109,449$3,801,256$9,873,266
86$14,202,579$5,278,288$3,847,074$10,668,744
87$15,567,149$5,452,831$3,891,858$11,540,086
88$17,068,257$5,633,278$3,935,494$12,494,909
89$18,719,746$5,819,835$3,977,859$13,541,606
90$20,536,867$6,012,715$4,018,825$14,689,422
91$22,536,428$6,212,138$4,058,256$15,948,545
92$24,736,946$6,418,335$4,096,010$17,330,196
93$27,158,823$6,631,542$4,131,934$18,846,741
94$29,824,540$6,852,005$4,165,872$20,511,804
95$32,758,870$7,079,980$4,197,655$22,340,396
96$35,989,107$7,315,731$4,227,109$24,349,058
97$39,545,325$7,559,531$4,254,047$26,556,013
98$43,460,666$7,811,666$4,278,275$28,981,342
99$47,771,646$8,072,430$4,299,589$31,647,172
100$52,518,503$8,342,127$4,317,774$34,577,883