Can I retire at age 69 with 3,300,000?

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 $3,300,000?

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$272,511$270,084$267,715$265,404$263,147$258,681
2 years$134,906$132,394$129,959$127,598$125,308$120,822
3 years$89,044$86,521$84,092$81,753$79,500$75,135
4 years$66,118$63,602$61,197$58,899$56,700$52,489
5 years$52,365$49,865$47,492$45,240$43,103$39,057
6 years$43,200$40,718$38,380$36,179$34,106$30,230
7 years$36,656$34,195$31,894$29,744$27,737$24,033
8 years$31,750$29,312$27,049$24,952$23,011$19,477
9 years$27,937$25,521$23,297$21,253$19,378$16,013
10 years$24,887$22,496$20,311$18,321$16,511$13,312
11 years$22,394$20,026$17,881$15,944$14,200$11,164
12 years$20,318$17,975$15,869$13,985$12,306$9,428
13 years$18,563$16,244$14,178$12,347$10,731$8,007
14 years$17,060$14,765$12,739$10,960$9,406$6,832
15 years$15,758$13,488$11,502$9,775$8,282$5,852
16 years$14,620$12,375$10,428$8,752$7,320$5,029
17 years$13,617$11,397$9,489$7,864$6,490$4,334
18 years$12,727$10,531$8,662$7,087$5,771$3,743
19 years$11,931$9,760$7,930$6,404$5,144$3,240
20 years$11,216$9,070$7,278$5,800$4,594$2,809
21 years$10,569$8,448$6,694$5,264$4,112$2,438
22 years$9,982$7,886$6,170$4,786$3,685$2,119
23 years$9,447$7,376$5,697$4,359$3,308$1,844
24 years$8,958$6,911$5,268$3,975$2,973$1,606
25 years$8,508$6,485$4,880$3,630$2,676$1,400
26 years$8,093$6,095$4,526$3,319$2,410$1,221
27 years$7,710$5,736$4,202$3,038$2,173$1,066
28 years$7,355$5,405$3,907$2,784$1,961$931
29 years$7,025$5,099$3,635$2,553$1,770$813
30 years$6,717$4,816$3,386$2,343$1,600$711
31 years$6,430$4,552$3,157$2,152$1,446$622
32 years$6,162$4,307$2,945$1,977$1,308$544
33 years$5,910$4,079$2,750$1,818$1,184$476
34 years$5,673$3,866$2,570$1,673$1,072$416
35 years$5,451$3,667$2,402$1,540$971$364
36 years$5,241$3,481$2,247$1,418$880$319
37 years$5,043$3,306$2,104$1,307$797$279
38 years$4,856$3,142$1,970$1,205$723$244
39 years$4,679$2,987$1,846$1,111$655$214
40 years$4,512$2,842$1,730$1,025$595$187
41 years$4,353$2,706$1,622$945$539$164
42 years$4,201$2,577$1,522$872$489$144
43 years$4,058$2,455$1,428$805$444$126
44 years$3,921$2,340$1,340$744$403$110
45 years$3,791$2,232$1,258$687$366$97
46 years$3,666$2,129$1,182$634$332$85
47 years$3,548$2,032$1,110$586$302$74
48 years$3,434$1,939$1,043$541$274$65
49 years$3,326$1,852$981$500$249$57
50 years$3,222$1,769$922$463$226$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $3,300,000, adding $2,507 every year, while hoping to spend $43,209 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: 66/9/25 Blend
68$3,300,000$3,300,000$3,300,000$3,300,000
69$3,639,186$3,464,286$3,413,136$3,855,578
70$3,964,409$3,588,062$3,481,502$4,125,359
71$4,321,356$3,716,455$3,550,710$4,415,093
72$4,713,219$3,849,645$3,620,743$4,730,891
73$5,143,510$3,987,821$3,691,581$5,075,322
74$5,616,102$4,131,178$3,763,203$5,451,214
75$6,135,259$4,279,920$3,835,584$5,861,683
76$6,705,678$4,434,259$3,908,699$6,310,158
77$7,332,536$4,594,416$3,982,520$6,800,418
78$8,021,534$4,760,622$4,057,013$7,336,623
79$8,778,954$4,933,116$4,132,147$7,923,356
80$9,611,717$5,112,148$4,207,883$8,565,665
81$10,527,446$5,297,977$4,284,181$9,269,109
82$11,534,543$5,490,876$4,360,999$10,039,813
83$12,642,262$5,691,125$4,438,288$10,884,523
84$13,860,802$5,899,019$4,516,000$11,810,671
85$15,201,397$6,114,864$4,594,079$12,826,444
86$16,676,427$6,338,979$4,672,468$13,940,859
87$18,299,531$6,571,698$4,751,104$15,163,855
88$20,085,738$6,813,366$4,829,921$16,506,376
89$22,051,607$7,064,345$4,908,847$17,980,482
90$24,215,385$7,325,012$4,987,807$19,599,461
91$26,597,175$7,595,758$5,066,720$21,377,950
92$29,219,129$7,876,993$5,145,498$23,332,078
93$32,105,659$8,169,144$5,224,050$25,479,616
94$35,283,658$8,472,654$5,302,278$27,840,142
95$38,782,766$8,787,989$5,380,078$30,435,229
96$42,635,637$9,115,629$5,457,341$33,288,647
97$46,878,258$9,456,081$5,533,948$36,426,585
98$51,550,281$9,809,869$5,609,775$39,877,902
99$56,695,398$10,177,542$5,684,692$43,674,394
100$62,361,758$10,559,671$5,758,558$47,851,098