Can I retire at age 69 with 2,910,000?

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 $2,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$240,305$238,165$236,076$234,038$232,047$226,254
2 years$118,963$116,747$114,600$112,518$110,499$104,699
3 years$78,521$76,296$74,154$72,091$70,105$64,480
4 years$58,304$56,085$53,965$51,938$49,999$44,592
5 years$46,177$43,972$41,879$39,893$38,009$32,834
6 years$38,095$35,906$33,845$31,903$30,075$25,139
7 years$32,324$30,154$28,125$26,229$24,459$19,762
8 years$27,998$25,847$23,852$22,003$20,291$15,830
9 years$24,635$22,505$20,544$18,742$17,088$12,860
10 years$21,946$19,837$17,911$16,156$14,560$10,560
11 years$19,748$17,660$15,768$14,060$12,522$8,744
12 years$17,917$15,850$13,994$12,333$10,851$7,289
13 years$16,369$14,324$12,503$10,888$9,463$6,108
14 years$15,044$13,020$11,234$9,665$8,295$5,142
15 years$13,896$11,894$10,142$8,620$7,303$4,344
16 years$12,892$10,913$9,196$7,718$6,455$3,681
17 years$12,008$10,050$8,368$6,934$5,723$3,126
18 years$11,223$9,287$7,639$6,249$5,089$2,661
19 years$10,521$8,607$6,993$5,647$4,536$2,269
20 years$9,890$7,998$6,418$5,114$4,051$1,938
21 years$9,320$7,450$5,903$4,641$3,626$1,657
22 years$8,803$6,954$5,441$4,220$3,250$1,418
23 years$8,331$6,504$5,023$3,843$2,917$1,215
24 years$7,899$6,094$4,646$3,505$2,622$1,042
25 years$7,502$5,719$4,303$3,201$2,359$894
26 years$7,137$5,375$3,991$2,927$2,125$767
27 years$6,799$5,058$3,706$2,679$1,916$659
28 years$6,486$4,766$3,445$2,455$1,729$566
29 years$6,195$4,497$3,206$2,251$1,561$486
30 years$5,924$4,246$2,986$2,066$1,411$418
31 years$5,670$4,014$2,784$1,897$1,275$360
32 years$5,433$3,798$2,597$1,744$1,154$309
33 years$5,211$3,597$2,425$1,604$1,044$266
34 years$5,003$3,409$2,266$1,475$945$229
35 years$4,807$3,234$2,119$1,358$856$197
36 years$4,622$3,069$1,982$1,251$776$170
37 years$4,447$2,915$1,855$1,152$703$146
38 years$4,282$2,770$1,737$1,062$637$126
39 years$4,126$2,634$1,627$979$578$108
40 years$3,978$2,506$1,525$903$524$93
41 years$3,838$2,386$1,430$834$476$80
42 years$3,705$2,272$1,342$769$432$69
43 years$3,578$2,165$1,259$710$392$59
44 years$3,457$2,064$1,182$656$356$51
45 years$3,343$1,968$1,110$606$323$44
46 years$3,233$1,877$1,042$559$293$38
47 years$3,128$1,791$979$517$266$33
48 years$3,028$1,710$920$477$242$28
49 years$2,933$1,633$865$441$219$24
50 years$2,841$1,560$813$408$199$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,910,000, adding $5,207 every year, while hoping to spend $51,760 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: 63/16/21 Blend
68$2,910,000$2,910,000$2,910,000$2,910,000
69$3,212,191$3,057,961$3,012,856$3,396,814
70$3,484,762$3,152,729$3,058,714$3,616,691
71$3,783,401$3,250,406$3,104,374$3,850,465
72$4,110,711$3,351,079$3,149,774$4,104,596
73$4,469,562$3,454,840$3,194,850$4,381,076
74$4,863,111$3,561,781$3,239,531$4,682,098
75$5,294,838$3,671,998$3,283,745$5,010,079
76$5,768,576$3,785,590$3,327,415$5,367,680
77$6,288,545$3,902,658$3,370,458$5,757,830
78$6,859,396$4,023,308$3,412,787$6,183,756
79$7,486,250$4,147,646$3,454,312$6,649,013
80$8,174,750$4,275,783$3,494,934$7,157,515
81$8,931,112$4,407,833$3,534,551$7,713,576
82$9,762,182$4,543,914$3,573,055$8,321,945
83$10,675,505$4,684,146$3,610,333$8,987,854
84$11,679,390$4,828,653$3,646,263$9,717,069
85$12,782,994$4,977,563$3,680,718$10,515,940
86$13,996,402$5,131,007$3,713,566$11,391,462
87$15,330,729$5,289,120$3,744,664$12,351,345
88$16,798,219$5,452,042$3,773,865$13,404,079
89$18,412,360$5,619,915$3,801,013$14,559,021
90$20,188,017$5,792,886$3,825,942$15,826,478
91$22,141,565$5,971,108$3,848,482$17,217,808
92$24,291,047$6,154,735$3,868,449$18,745,524
93$26,656,345$6,343,928$3,885,652$20,423,415
94$29,259,362$6,538,851$3,899,892$22,266,673
95$32,124,236$6,739,673$3,910,957$24,292,036
96$35,277,559$6,946,569$3,918,626$26,517,951
97$38,748,637$7,159,717$3,922,666$28,964,740
98$42,569,756$7,379,302$3,922,834$31,654,799
99$46,776,496$7,605,512$3,918,873$34,612,805
100$51,408,058$7,838,542$3,910,516$37,865,949