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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.7%
1 years$239,479$237,346$235,265$233,234$231,250$226,766
2 years$118,554$116,346$114,206$112,132$110,119$105,620
3 years$78,251$76,033$73,899$71,844$69,864$65,490
4 years$58,103$55,893$53,780$51,759$49,828$45,612
5 years$46,018$43,821$41,735$39,756$37,878$33,833
6 years$37,964$35,783$33,728$31,793$29,972$26,102
7 years$32,213$30,050$28,028$26,139$24,375$20,681
8 years$27,902$25,759$23,770$21,927$20,221$16,703
9 years$24,550$22,428$20,473$18,677$17,029$13,683
10 years$21,871$19,769$17,849$16,100$14,510$11,333
11 years$19,680$17,599$15,714$14,012$12,479$9,468
12 years$17,855$15,796$13,946$12,290$10,814$7,965
13 years$16,313$14,275$12,460$10,850$9,430$6,738
14 years$14,992$12,975$11,195$9,632$8,266$5,726
15 years$13,848$11,853$10,108$8,590$7,278$4,885
16 years$12,848$10,875$9,164$7,691$6,433$4,180
17 years$11,967$10,016$8,339$6,911$5,704$3,587
18 years$11,184$9,255$7,612$6,228$5,071$3,085
19 years$10,485$8,577$6,969$5,627$4,520$2,658
20 years$9,856$7,970$6,396$5,097$4,038$2,294
21 years$9,288$7,424$5,883$4,626$3,613$1,982
22 years$8,772$6,930$5,422$4,206$3,239$1,715
23 years$8,302$6,482$5,006$3,830$2,907$1,485
24 years$7,872$6,073$4,630$3,493$2,613$1,288
25 years$7,477$5,699$4,288$3,190$2,351$1,117
26 years$7,112$5,356$3,977$2,917$2,118$970
27 years$6,776$5,041$3,693$2,670$1,910$842
28 years$6,463$4,750$3,433$2,446$1,723$732
29 years$6,173$4,481$3,195$2,243$1,556$636
30 years$5,903$4,232$2,976$2,059$1,406$554
31 years$5,651$4,001$2,774$1,891$1,271$482
32 years$5,415$3,785$2,588$1,738$1,150$419
33 years$5,193$3,585$2,417$1,598$1,040$365
34 years$4,986$3,398$2,258$1,470$942$318
35 years$4,790$3,223$2,111$1,354$853$277
36 years$4,606$3,059$1,975$1,247$773$241
37 years$4,432$2,905$1,849$1,149$701$210
38 years$4,268$2,761$1,731$1,059$635$183
39 years$4,112$2,625$1,622$976$576$159
40 years$3,965$2,498$1,520$900$522$139
41 years$3,825$2,378$1,425$831$474$121
42 years$3,692$2,264$1,337$767$430$105
43 years$3,566$2,157$1,255$708$390$92
44 years$3,446$2,056$1,178$653$354$80
45 years$3,331$1,961$1,106$603$322$70
46 years$3,222$1,871$1,039$557$292$61
47 years$3,118$1,785$976$515$265$53
48 years$3,018$1,704$917$476$241$46
49 years$2,923$1,628$862$440$219$40
50 years$2,831$1,555$810$406$199$35

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 $3,187 every year, while hoping to spend $31,469 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: 32/48/20 Blend
68$2,900,000$2,900,000$2,900,000$2,900,000
69$3,199,087$3,045,387$3,000,437$3,281,523
70$3,491,912$3,161,129$3,067,469$3,459,230
71$3,813,549$3,281,486$3,135,692$3,647,423
72$4,166,906$3,406,654$3,205,112$3,849,472
73$4,555,182$3,536,832$3,275,736$4,066,610
74$4,981,906$3,672,232$3,347,568$4,300,186
75$5,450,961$3,813,072$3,420,612$4,551,683
76$5,966,628$3,959,582$3,494,872$4,822,726
77$6,533,623$4,112,000$3,570,349$5,115,097
78$7,157,141$4,270,576$3,647,044$5,430,756
79$7,842,906$4,435,571$3,724,957$5,771,852
80$8,597,225$4,607,257$3,804,085$6,140,746
81$9,427,046$4,785,916$3,884,426$6,540,029
82$10,340,025$4,971,847$3,965,975$6,972,551
83$11,344,598$5,165,358$4,048,725$7,441,441
84$12,450,059$5,366,772$4,132,670$7,950,138
85$13,666,649$5,576,428$4,217,798$8,502,420
86$15,005,651$5,794,677$4,304,098$9,102,443
87$16,479,499$6,021,888$4,391,557$9,754,772
88$18,101,893$6,258,445$4,480,159$10,464,431
89$19,887,928$6,504,751$4,569,886$11,236,941
90$21,854,237$6,761,224$4,660,718$12,078,374
91$24,019,149$7,028,303$4,752,631$12,995,410
92$26,402,858$7,306,447$4,845,601$13,995,396
93$29,027,619$7,596,132$4,939,598$15,086,414
94$31,917,954$7,897,860$5,034,592$16,277,358
95$35,100,882$8,212,152$5,130,548$17,578,012
96$38,606,179$8,539,554$5,227,428$18,999,143
97$42,466,654$8,880,637$5,325,191$20,552,599
98$46,718,460$9,235,996$5,423,793$22,251,420
99$51,401,438$9,606,254$5,523,185$24,109,960
100$56,559,486$9,992,063$5,623,313$26,144,016