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%11.7%
1 years$240,305$238,165$236,076$234,038$232,047$230,392
2 years$118,963$116,747$114,600$112,518$110,499$108,829
3 years$78,521$76,296$74,154$72,091$70,105$68,473
4 years$58,304$56,085$53,965$51,938$49,999$48,418
5 years$46,177$43,972$41,879$39,893$38,009$36,483
6 years$38,095$35,906$33,845$31,903$30,075$28,606
7 years$32,324$30,154$28,125$26,229$24,459$23,048
8 years$27,998$25,847$23,852$22,003$20,291$18,938
9 years$24,635$22,505$20,544$18,742$17,088$15,792
10 years$21,946$19,837$17,911$16,156$14,560$13,320
11 years$19,748$17,660$15,768$14,060$12,522$11,338
12 years$17,917$15,850$13,994$12,333$10,851$9,722
13 years$16,369$14,324$12,503$10,888$9,463$8,387
14 years$15,044$13,020$11,234$9,665$8,295$7,272
15 years$13,896$11,894$10,142$8,620$7,303$6,331
16 years$12,892$10,913$9,196$7,718$6,455$5,532
17 years$12,008$10,050$8,368$6,934$5,723$4,848
18 years$11,223$9,287$7,639$6,249$5,089$4,260
19 years$10,521$8,607$6,993$5,647$4,536$3,752
20 years$9,890$7,998$6,418$5,114$4,051$3,311
21 years$9,320$7,450$5,903$4,641$3,626$2,926
22 years$8,803$6,954$5,441$4,220$3,250$2,590
23 years$8,331$6,504$5,023$3,843$2,917$2,296
24 years$7,899$6,094$4,646$3,505$2,622$2,037
25 years$7,502$5,719$4,303$3,201$2,359$1,809
26 years$7,137$5,375$3,991$2,927$2,125$1,609
27 years$6,799$5,058$3,706$2,679$1,916$1,431
28 years$6,486$4,766$3,445$2,455$1,729$1,274
29 years$6,195$4,497$3,206$2,251$1,561$1,135
30 years$5,924$4,246$2,986$2,066$1,411$1,012
31 years$5,670$4,014$2,784$1,897$1,275$902
32 years$5,433$3,798$2,597$1,744$1,154$805
33 years$5,211$3,597$2,425$1,604$1,044$718
34 years$5,003$3,409$2,266$1,475$945$641
35 years$4,807$3,234$2,119$1,358$856$573
36 years$4,622$3,069$1,982$1,251$776$512
37 years$4,447$2,915$1,855$1,152$703$457
38 years$4,282$2,770$1,737$1,062$637$408
39 years$4,126$2,634$1,627$979$578$365
40 years$3,978$2,506$1,525$903$524$326
41 years$3,838$2,386$1,430$834$476$292
42 years$3,705$2,272$1,342$769$432$261
43 years$3,578$2,165$1,259$710$392$233
44 years$3,457$2,064$1,182$656$356$209
45 years$3,343$1,968$1,110$606$323$187
46 years$3,233$1,877$1,042$559$293$167
47 years$3,128$1,791$979$517$266$149
48 years$3,028$1,710$920$477$242$134
49 years$2,933$1,633$865$441$219$120
50 years$2,841$1,560$813$408$199$107

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 $4,271 every year, while hoping to spend $59,918 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: 60/22/18 Blend
68$2,910,000$2,910,000$2,910,000$2,910,000
69$3,211,226$3,056,996$3,011,891$3,388,714
70$3,475,018$3,143,036$3,049,037$3,595,218
71$3,763,710$3,231,284$3,085,419$3,813,391
72$4,079,776$3,321,785$3,120,948$4,050,031
73$4,425,945$3,414,584$3,155,532$4,306,934
74$4,805,218$3,509,726$3,189,069$4,586,078
75$5,220,904$3,607,257$3,221,457$4,889,640
76$5,676,646$3,707,221$3,252,585$5,220,019
77$6,176,453$3,809,665$3,282,336$5,579,858
78$6,724,746$3,914,633$3,310,589$5,972,064
79$7,326,392$4,022,171$3,337,215$6,399,844
80$7,986,750$4,132,324$3,362,078$6,866,726
81$8,711,726$4,245,136$3,385,036$7,376,599
82$9,507,826$4,360,651$3,405,937$7,933,747
83$10,382,213$4,478,912$3,424,626$8,542,889
84$11,342,783$4,599,963$3,440,935$9,209,222
85$12,398,231$4,723,845$3,454,690$9,938,475
86$13,558,137$4,850,600$3,465,709$10,736,956
87$14,833,055$4,980,267$3,473,798$11,611,619
88$16,234,612$5,112,886$3,478,756$12,570,122
89$17,775,618$5,248,493$3,480,370$13,620,904
90$19,470,187$5,387,125$3,478,418$14,773,266
91$21,333,868$5,528,816$3,472,667$16,037,453
92$23,383,792$5,673,597$3,462,871$17,424,753
93$25,638,836$5,821,500$3,448,774$18,947,609
94$28,119,795$5,972,552$3,430,106$20,619,726
95$30,849,586$6,126,779$3,406,586$22,456,210
96$33,853,454$6,284,202$3,377,917$24,473,705
97$37,159,219$6,444,840$3,343,790$26,690,551
98$40,797,533$6,608,711$3,303,880$29,126,960
99$44,802,169$6,775,825$3,257,848$31,805,201
100$49,210,341$6,946,191$3,205,337$34,749,819