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%12.8%
1 years$240,305$238,165$236,076$234,038$232,047$229,338
2 years$118,963$116,747$114,600$112,518$110,499$107,772
3 years$78,521$76,296$74,154$72,091$70,105$67,445
4 years$58,304$56,085$53,965$51,938$49,999$47,427
5 years$46,177$43,972$41,879$39,893$38,009$35,531
6 years$38,095$35,906$33,845$31,903$30,075$27,695
7 years$32,324$30,154$28,125$26,229$24,459$22,178
8 years$27,998$25,847$23,852$22,003$20,291$18,109
9 years$24,635$22,505$20,544$18,742$17,088$15,004
10 years$21,946$19,837$17,911$16,156$14,560$12,572
11 years$19,748$17,660$15,768$14,060$12,522$10,629
12 years$17,917$15,850$13,994$12,333$10,851$9,051
13 years$16,369$14,324$12,503$10,888$9,463$7,753
14 years$15,044$13,020$11,234$9,665$8,295$6,673
15 years$13,896$11,894$10,142$8,620$7,303$5,767
16 years$12,892$10,913$9,196$7,718$6,455$5,001
17 years$12,008$10,050$8,368$6,934$5,723$4,349
18 years$11,223$9,287$7,639$6,249$5,089$3,792
19 years$10,521$8,607$6,993$5,647$4,536$3,313
20 years$9,890$7,998$6,418$5,114$4,051$2,900
21 years$9,320$7,450$5,903$4,641$3,626$2,543
22 years$8,803$6,954$5,441$4,220$3,250$2,232
23 years$8,331$6,504$5,023$3,843$2,917$1,962
24 years$7,899$6,094$4,646$3,505$2,622$1,726
25 years$7,502$5,719$4,303$3,201$2,359$1,520
26 years$7,137$5,375$3,991$2,927$2,125$1,340
27 years$6,799$5,058$3,706$2,679$1,916$1,182
28 years$6,486$4,766$3,445$2,455$1,729$1,043
29 years$6,195$4,497$3,206$2,251$1,561$921
30 years$5,924$4,246$2,986$2,066$1,411$813
31 years$5,670$4,014$2,784$1,897$1,275$719
32 years$5,433$3,798$2,597$1,744$1,154$635
33 years$5,211$3,597$2,425$1,604$1,044$562
34 years$5,003$3,409$2,266$1,475$945$497
35 years$4,807$3,234$2,119$1,358$856$440
36 years$4,622$3,069$1,982$1,251$776$389
37 years$4,447$2,915$1,855$1,152$703$345
38 years$4,282$2,770$1,737$1,062$637$305
39 years$4,126$2,634$1,627$979$578$270
40 years$3,978$2,506$1,525$903$524$239
41 years$3,838$2,386$1,430$834$476$212
42 years$3,705$2,272$1,342$769$432$188
43 years$3,578$2,165$1,259$710$392$166
44 years$3,457$2,064$1,182$656$356$147
45 years$3,343$1,968$1,110$606$323$131
46 years$3,233$1,877$1,042$559$293$116
47 years$3,128$1,791$979$517$266$102
48 years$3,028$1,710$920$477$242$91
49 years$2,933$1,633$865$441$219$80
50 years$2,841$1,560$813$408$199$71

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 $4,305 every year, while hoping to spend $25,161 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: 56/22/22 Blend
68$2,910,000$2,910,000$2,910,000$2,910,000
69$3,211,261$3,057,031$3,011,926$3,371,722
70$3,512,038$3,180,054$3,086,054$3,604,933
71$3,842,652$3,308,262$3,161,822$3,855,840
72$4,206,118$3,441,883$3,239,259$4,128,651
73$4,605,760$3,581,154$3,318,393$4,425,480
74$5,045,241$3,726,323$3,399,252$4,748,649
75$5,528,594$3,877,651$3,481,865$5,100,715
76$6,060,264$4,035,410$3,566,261$5,484,490
77$6,645,148$4,199,883$3,652,469$5,903,068
78$7,288,644$4,371,367$3,740,517$6,359,856
79$7,996,695$4,550,173$3,830,433$6,858,599
80$8,775,852$4,736,626$3,922,247$7,403,421
81$9,633,333$4,931,065$4,015,987$7,998,863
82$10,577,092$5,133,846$4,111,681$8,649,920
83$11,615,890$5,345,339$4,209,357$9,362,093
84$12,759,384$5,565,934$4,309,043$10,141,435
85$14,018,212$5,796,035$4,410,767$10,994,613
86$15,404,098$6,036,069$4,514,556$11,928,965
87$16,929,959$6,286,480$4,620,437$12,952,573
88$18,610,029$6,547,732$4,728,436$14,074,333
89$20,459,992$6,820,311$4,838,579$15,304,042
90$22,497,132$7,104,727$4,950,892$16,652,490
91$24,740,492$7,401,511$5,065,399$18,131,558
92$27,211,057$7,711,220$5,182,125$19,754,329
93$29,931,951$8,034,436$5,301,093$21,535,215
94$32,928,656$8,371,769$5,422,325$23,490,085
95$36,229,249$8,723,856$5,545,844$25,636,420
96$39,864,672$9,091,365$5,671,669$27,993,472
97$43,869,019$9,474,992$5,799,820$30,582,448
98$48,279,862$9,875,469$5,930,316$33,426,707
99$53,138,600$10,293,560$6,063,175$36,551,978
100$58,490,857$10,730,064$6,198,411$39,986,604