Can I retire at age 69 with 3,100,000?

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$255,995$253,715$251,490$249,319$247,198$241,222
2 years$126,730$124,370$122,083$119,865$117,714$111,729
3 years$83,648$81,277$78,996$76,799$74,682$68,876
4 years$62,110$59,747$57,489$55,329$53,264$47,680
5 years$49,192$46,843$44,613$42,498$40,490$35,145
6 years$40,582$38,251$36,054$33,986$32,039$26,938
7 years$34,434$32,123$29,961$27,942$26,056$21,200
8 years$29,826$27,535$25,410$23,440$21,616$17,002
9 years$26,243$23,974$21,885$19,965$18,204$13,829
10 years$23,379$21,132$19,080$17,210$15,511$11,369
11 years$21,037$18,813$16,798$14,978$13,340$9,426
12 years$19,087$16,885$14,908$13,138$11,560$7,868
13 years$17,438$15,259$13,319$11,599$10,080$6,603
14 years$16,026$13,870$11,967$10,296$8,836$5,565
15 years$14,803$12,671$10,805$9,182$7,780$4,708
16 years$13,734$11,625$9,796$8,222$6,876$3,995
17 years$12,792$10,706$8,914$7,387$6,097$3,398
18 years$11,956$9,893$8,137$6,657$5,421$2,897
19 years$11,208$9,169$7,449$6,015$4,832$2,474
20 years$10,536$8,520$6,837$5,448$4,316$2,116
21 years$9,929$7,936$6,288$4,945$3,862$1,812
22 years$9,377$7,408$5,796$4,496$3,462$1,553
23 years$8,875$6,929$5,351$4,094$3,108$1,333
24 years$8,415$6,492$4,949$3,734$2,793$1,144
25 years$7,992$6,092$4,584$3,410$2,514$983
26 years$7,603$5,726$4,251$3,118$2,264$846
27 years$7,243$5,389$3,948$2,854$2,041$727
28 years$6,909$5,078$3,670$2,615$1,842$626
29 years$6,599$4,790$3,415$2,398$1,663$539
30 years$6,310$4,524$3,181$2,201$1,503$464
31 years$6,041$4,276$2,966$2,021$1,359$400
32 years$5,788$4,046$2,767$1,858$1,229$344
33 years$5,552$3,832$2,584$1,708$1,112$297
34 years$5,329$3,632$2,414$1,572$1,007$256
35 years$5,120$3,445$2,257$1,447$912$220
36 years$4,924$3,270$2,111$1,333$826$190
37 years$4,738$3,105$1,976$1,228$749$164
38 years$4,562$2,951$1,850$1,132$679$141
39 years$4,396$2,806$1,734$1,043$616$122
40 years$4,238$2,670$1,625$962$559$105
41 years$4,089$2,542$1,524$888$507$91
42 years$3,947$2,420$1,429$819$460$78
43 years$3,812$2,306$1,341$756$417$67
44 years$3,683$2,198$1,259$698$379$58
45 years$3,561$2,096$1,182$645$344$50
46 years$3,444$2,000$1,110$596$312$43
47 years$3,333$1,908$1,043$550$283$37
48 years$3,226$1,822$980$509$257$32
49 years$3,124$1,740$921$470$234$28
50 years$3,027$1,662$866$435$212$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $3,100,000, adding $4,217 every year, while hoping to spend $58,177 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: 52/22/26 Blend
68$3,100,000$3,100,000$3,100,000$3,100,000
69$3,420,550$3,256,250$3,208,200$3,573,349
70$3,707,546$3,353,906$3,253,775$3,777,398
71$4,021,866$3,454,398$3,298,926$3,992,982
72$4,366,235$3,557,802$3,343,579$4,226,327
73$4,743,656$3,664,199$3,387,654$4,479,152
74$5,157,433$3,773,669$3,431,065$4,753,347
75$5,611,208$3,886,296$3,473,722$5,050,993
76$6,108,992$4,002,165$3,515,532$5,374,383
77$6,655,200$4,121,362$3,556,394$5,726,041
78$7,254,700$4,243,978$3,596,202$6,108,748
79$7,912,849$4,370,103$3,634,845$6,525,565
80$8,635,552$4,499,830$3,672,204$6,979,867
81$9,429,311$4,633,255$3,708,157$7,475,369
82$10,301,292$4,770,476$3,742,571$8,016,163
83$11,259,386$4,911,591$3,775,309$8,606,758
84$12,312,287$5,056,702$3,806,225$9,252,120
85$13,469,574$5,205,915$3,835,167$9,957,722
86$14,741,799$5,359,333$3,861,974$10,729,593
87$16,140,589$5,517,067$3,886,477$11,574,374
88$17,678,752$5,679,226$3,908,497$12,499,382
89$19,370,400$5,845,923$3,927,846$13,512,681
90$21,231,081$6,017,274$3,944,330$14,623,154
91$23,277,926$6,193,395$3,957,739$15,840,589
92$25,529,809$6,374,406$3,967,858$17,175,773
93$28,007,526$6,560,429$3,974,458$18,640,588
94$30,733,992$6,751,588$3,977,301$20,248,129
95$33,734,453$6,948,009$3,976,134$22,012,828
96$37,036,726$7,149,821$3,970,694$23,950,582
97$40,671,465$7,357,154$3,960,704$26,078,914
98$44,672,442$7,570,143$3,945,876$28,417,129
99$49,076,872$7,788,921$3,925,904$30,986,503
100$53,925,761$8,013,626$3,900,469$33,810,481