Can I retire at age 69 with 2,930,000?

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 $2,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$241,957$239,801$237,699$235,646$233,642$229,677
2 years$119,781$117,550$115,388$113,292$111,258$107,276
3 years$79,060$76,820$74,664$72,587$70,587$66,711
4 years$58,704$56,471$54,336$52,295$50,343$46,603
5 years$46,494$44,274$42,167$40,167$38,270$34,678
6 years$38,356$36,153$34,077$32,122$30,282$26,841
7 years$32,546$30,361$28,318$26,409$24,627$21,338
8 years$28,190$26,025$24,016$22,154$20,431$17,293
9 years$24,804$22,660$20,685$18,870$17,206$14,218
10 years$22,097$19,973$18,034$16,267$14,660$11,820
11 years$19,884$17,781$15,877$14,157$12,608$9,912
12 years$18,040$15,959$14,090$12,417$10,926$8,371
13 years$16,482$14,423$12,589$10,963$9,528$7,109
14 years$15,147$13,110$11,311$9,731$8,352$6,066
15 years$13,991$11,976$10,212$8,679$7,354$5,196
16 years$12,981$10,988$9,259$7,771$6,499$4,465
17 years$12,091$10,119$8,425$6,982$5,763$3,848
18 years$11,300$9,351$7,691$6,292$5,124$3,324
19 years$10,593$8,666$7,041$5,686$4,567$2,877
20 years$9,958$8,053$6,462$5,149$4,079$2,494
21 years$9,384$7,501$5,944$4,673$3,651$2,165
22 years$8,863$7,002$5,478$4,249$3,272$1,882
23 years$8,388$6,549$5,058$3,870$2,937$1,638
24 years$7,953$6,136$4,678$3,530$2,640$1,426
25 years$7,554$5,758$4,332$3,223$2,376$1,243
26 years$7,186$5,412$4,018$2,947$2,140$1,084
27 years$6,846$5,093$3,731$2,698$1,929$947
28 years$6,530$4,799$3,469$2,472$1,741$827
29 years$6,237$4,527$3,228$2,267$1,572$722
30 years$5,964$4,276$3,007$2,080$1,420$631
31 years$5,709$4,042$2,803$1,910$1,284$552
32 years$5,471$3,824$2,615$1,756$1,162$483
33 years$5,247$3,622$2,442$1,615$1,051$422
34 years$5,037$3,433$2,282$1,486$952$369
35 years$4,840$3,256$2,133$1,368$862$323
36 years$4,654$3,090$1,995$1,259$781$283
37 years$4,478$2,935$1,868$1,160$708$248
38 years$4,312$2,789$1,749$1,070$642$217
39 years$4,155$2,652$1,639$986$582$190
40 years$4,006$2,524$1,536$910$528$166
41 years$3,865$2,402$1,440$839$479$146
42 years$3,730$2,288$1,351$775$435$128
43 years$3,603$2,180$1,268$715$394$112
44 years$3,481$2,078$1,190$660$358$98
45 years$3,366$1,981$1,117$610$325$86
46 years$3,255$1,890$1,049$563$295$75
47 years$3,150$1,804$986$520$268$66
48 years$3,049$1,722$926$481$243$58
49 years$2,953$1,644$871$444$221$51
50 years$2,861$1,571$819$411$201$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,930,000, adding $2,291 every year, while hoping to spend $51,201 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: 62/15/23 Blend
68$2,930,000$2,930,000$2,930,000$2,930,000
69$3,231,223$3,075,933$3,030,518$3,411,883
70$3,506,330$3,172,176$3,077,563$3,630,625
71$3,807,783$3,271,420$3,124,468$3,863,489
72$4,138,213$3,373,756$3,171,174$4,116,595
73$4,500,521$3,479,280$3,217,619$4,391,926
74$4,897,901$3,588,092$3,263,736$4,691,664
75$5,333,872$3,700,293$3,309,456$5,018,211
76$5,812,307$3,815,988$3,354,703$5,374,214
77$6,337,476$3,935,285$3,399,399$5,762,588
78$6,914,080$4,058,295$3,443,461$6,186,543
79$7,547,299$4,185,134$3,486,799$6,649,615
80$8,242,837$4,315,919$3,529,320$7,155,699
81$9,006,980$4,450,773$3,570,926$7,709,084
82$9,846,652$4,589,821$3,611,512$8,314,497
83$10,769,480$4,733,192$3,650,968$8,977,144
84$11,783,869$4,881,020$3,689,177$9,702,760
85$12,899,077$5,033,443$3,726,017$10,497,662
86$14,125,303$5,190,602$3,761,359$11,368,813
87$15,473,785$5,352,643$3,795,066$12,323,880
88$16,956,906$5,519,717$3,826,995$13,371,314
89$18,588,305$5,691,978$3,856,995$14,520,422
90$20,383,014$5,869,587$3,884,906$15,781,463
91$22,357,593$6,052,708$3,910,561$17,165,736
92$24,530,287$6,241,510$3,933,785$18,685,694
93$26,921,200$6,436,168$3,954,391$20,355,055
94$29,552,485$6,636,863$3,972,186$22,188,937
95$32,448,549$6,843,779$3,986,964$24,203,998
96$35,636,285$7,057,109$3,998,511$26,418,591
97$39,145,326$7,277,047$4,006,602$28,852,939
98$43,008,325$7,503,799$4,010,999$31,529,330
99$47,261,261$7,737,571$4,011,454$34,472,318
100$51,943,778$7,978,580$4,007,705$37,708,963