Can I retire at age 69 with 3,200,000?

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 $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$264,253$261,899$259,603$257,361$255,172$250,225
2 years$130,818$128,382$126,021$123,731$121,511$116,546
3 years$86,346$83,899$81,544$79,276$77,091$72,265
4 years$64,114$61,675$59,343$57,114$54,982$50,331
5 years$50,778$48,354$46,053$43,869$41,797$37,333
6 years$41,891$39,484$37,217$35,082$33,072$28,802
7 years$35,545$33,159$30,928$28,843$26,897$22,821
8 years$30,788$28,423$26,229$24,196$22,313$18,431
9 years$27,090$24,748$22,591$20,609$18,791$15,099
10 years$24,133$21,814$19,696$17,766$16,011$12,506
11 years$21,716$19,420$17,340$15,461$13,770$10,448
12 years$19,703$17,430$15,388$13,562$11,933$8,789
13 years$18,000$15,752$13,749$11,973$10,406$7,435
14 years$16,543$14,318$12,353$10,628$9,121$6,318
15 years$15,281$13,080$11,153$9,478$8,031$5,390
16 years$14,177$12,000$10,112$8,487$7,098$4,613
17 years$13,205$11,052$9,202$7,625$6,294$3,958
18 years$12,341$10,212$8,400$6,872$5,596$3,404
19 years$11,569$9,465$7,690$6,210$4,988$2,933
20 years$10,876$8,795$7,057$5,624$4,455$2,531
21 years$10,249$8,192$6,491$5,104$3,987$2,187
22 years$9,680$7,647$5,983$4,641$3,574$1,893
23 years$9,161$7,152$5,524$4,226$3,208$1,639
24 years$8,686$6,701$5,109$3,855$2,883$1,421
25 years$8,250$6,289$4,732$3,520$2,595$1,233
26 years$7,848$5,910$4,388$3,219$2,337$1,070
27 years$7,477$5,562$4,075$2,946$2,107$930
28 years$7,132$5,241$3,788$2,699$1,901$808
29 years$6,812$4,945$3,525$2,475$1,717$702
30 years$6,514$4,670$3,284$2,272$1,551$611
31 years$6,235$4,414$3,061$2,087$1,402$531
32 years$5,975$4,177$2,856$1,918$1,269$462
33 years$5,731$3,956$2,667$1,763$1,148$403
34 years$5,501$3,749$2,492$1,622$1,039$350
35 years$5,286$3,556$2,330$1,494$942$305
36 years$5,082$3,375$2,179$1,376$853$266
37 years$4,890$3,206$2,040$1,267$773$231
38 years$4,709$3,046$1,910$1,168$701$202
39 years$4,538$2,897$1,790$1,077$636$176
40 years$4,375$2,756$1,677$993$577$153
41 years$4,221$2,624$1,573$917$523$133
42 years$4,074$2,499$1,475$846$475$116
43 years$3,935$2,381$1,384$781$431$101
44 years$3,802$2,269$1,300$721$391$88
45 years$3,676$2,164$1,220$666$355$77
46 years$3,555$2,064$1,146$615$322$67
47 years$3,440$1,970$1,077$568$293$58
48 years$3,330$1,881$1,012$525$266$51
49 years$3,225$1,796$951$485$241$44
50 years$3,124$1,715$894$449$219$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $3,200,000, adding $6,902 every year, while hoping to spend $46,680 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: 61/24/15 Blend
68$3,200,000$3,200,000$3,200,000$3,200,000
69$3,533,519$3,363,919$3,314,319$3,735,443
70$3,844,271$3,479,084$3,375,682$3,987,329
71$4,185,155$3,598,328$3,437,536$4,256,212
72$4,559,196$3,721,800$3,499,848$4,548,522
73$4,969,723$3,849,658$3,562,582$4,866,533
74$5,420,408$3,982,065$3,625,702$5,212,748
75$5,915,291$4,119,187$3,689,164$5,589,919
76$6,458,826$4,261,202$3,752,926$6,001,076
77$7,055,916$4,408,291$3,816,939$6,449,556
78$7,711,966$4,560,644$3,881,153$6,939,030
79$8,432,928$4,718,457$3,945,513$7,473,542
80$9,225,360$4,881,934$4,009,961$8,057,542
81$10,096,486$5,051,289$4,074,434$8,695,931
82$11,054,266$5,226,741$4,138,867$9,394,104
83$12,107,471$5,408,520$4,203,188$10,158,005
84$13,265,760$5,596,866$4,267,322$10,994,176
85$14,539,781$5,792,024$4,331,190$11,909,822
86$15,941,259$5,994,255$4,394,706$12,912,882
87$17,483,119$6,203,825$4,457,781$14,012,093
88$19,179,598$6,421,013$4,520,317$15,217,084
89$21,046,384$6,646,110$4,582,214$16,538,456
90$23,100,762$6,879,415$4,643,365$17,987,890
91$25,361,777$7,121,244$4,703,655$19,578,248
92$27,850,414$7,371,921$4,762,964$21,323,702
93$30,589,798$7,631,787$4,821,164$23,239,861
94$33,605,405$7,901,192$4,878,121$25,343,921
95$36,925,312$8,180,506$4,933,694$27,654,823
96$40,580,451$8,470,108$4,987,730$30,193,437
97$44,604,911$8,770,398$5,040,073$32,982,751
98$49,036,251$9,081,786$5,090,554$36,048,094
99$53,915,860$9,404,705$5,138,999$39,417,367
100$59,289,343$9,739,600$5,185,220$43,121,312