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

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 $3,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$272,511$270,084$267,715$265,404$263,147$258,256
2 years$134,906$132,394$129,959$127,598$125,308$120,399
3 years$89,044$86,521$84,092$81,753$79,500$74,726
4 years$66,118$63,602$61,197$58,899$56,700$52,098
5 years$52,365$49,865$47,492$45,240$43,103$38,685
6 years$43,200$40,718$38,380$36,179$34,106$29,877
7 years$36,656$34,195$31,894$29,744$27,737$23,699
8 years$31,750$29,312$27,049$24,952$23,011$19,162
9 years$27,937$25,521$23,297$21,253$19,378$15,717
10 years$24,887$22,496$20,311$18,321$16,511$13,034
11 years$22,394$20,026$17,881$15,944$14,200$10,903
12 years$20,318$17,975$15,869$13,985$12,306$9,183
13 years$18,563$16,244$14,178$12,347$10,731$7,779
14 years$17,060$14,765$12,739$10,960$9,406$6,620
15 years$15,758$13,488$11,502$9,775$8,282$5,655
16 years$14,620$12,375$10,428$8,752$7,320$4,846
17 years$13,617$11,397$9,489$7,864$6,490$4,164
18 years$12,727$10,531$8,662$7,087$5,771$3,586
19 years$11,931$9,760$7,930$6,404$5,144$3,095
20 years$11,216$9,070$7,278$5,800$4,594$2,675
21 years$10,569$8,448$6,694$5,264$4,112$2,315
22 years$9,982$7,886$6,170$4,786$3,685$2,006
23 years$9,447$7,376$5,697$4,359$3,308$1,740
24 years$8,958$6,911$5,268$3,975$2,973$1,511
25 years$8,508$6,485$4,880$3,630$2,676$1,313
26 years$8,093$6,095$4,526$3,319$2,410$1,142
27 years$7,710$5,736$4,202$3,038$2,173$993
28 years$7,355$5,405$3,907$2,784$1,961$865
29 years$7,025$5,099$3,635$2,553$1,770$753
30 years$6,717$4,816$3,386$2,343$1,600$656
31 years$6,430$4,552$3,157$2,152$1,446$572
32 years$6,162$4,307$2,945$1,977$1,308$498
33 years$5,910$4,079$2,750$1,818$1,184$434
34 years$5,673$3,866$2,570$1,673$1,072$379
35 years$5,451$3,667$2,402$1,540$971$330
36 years$5,241$3,481$2,247$1,418$880$288
37 years$5,043$3,306$2,104$1,307$797$251
38 years$4,856$3,142$1,970$1,205$723$219
39 years$4,679$2,987$1,846$1,111$655$192
40 years$4,512$2,842$1,730$1,025$595$167
41 years$4,353$2,706$1,622$945$539$146
42 years$4,201$2,577$1,522$872$489$127
43 years$4,058$2,455$1,428$805$444$111
44 years$3,921$2,340$1,340$744$403$97
45 years$3,791$2,232$1,258$687$366$85
46 years$3,666$2,129$1,182$634$332$74
47 years$3,548$2,032$1,110$586$302$65
48 years$3,434$1,939$1,043$541$274$56
49 years$3,326$1,852$981$500$249$49
50 years$3,222$1,769$922$463$226$43

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 $4,156 every year, while hoping to spend $31,872 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: 47/42/11 Blend
68$3,300,000$3,300,000$3,300,000$3,300,000
69$3,640,887$3,465,987$3,414,837$3,800,712
70$3,978,346$3,601,909$3,495,322$4,047,288
71$4,349,157$3,743,422$3,577,436$4,311,106
72$4,756,690$3,890,769$3,661,198$4,596,703
73$5,204,654$4,044,198$3,746,630$4,906,114
74$5,697,138$4,203,973$3,833,752$5,241,574
75$6,238,646$4,370,368$3,922,583$5,605,539
76$6,834,141$4,543,669$4,013,142$6,000,708
77$7,489,089$4,724,174$4,105,448$6,430,046
78$8,209,515$4,912,198$4,199,519$6,896,813
79$9,002,055$5,108,065$4,295,373$7,404,592
80$9,874,023$5,312,118$4,393,026$7,957,324
81$10,833,474$5,524,713$4,492,493$8,559,341
82$11,889,287$5,746,222$4,593,790$9,215,405
83$13,051,243$5,977,036$4,696,931$9,930,758
84$14,330,119$6,217,560$4,801,928$10,711,162
85$15,737,793$6,468,222$4,908,793$11,562,957
86$17,287,347$6,729,465$5,017,538$12,493,117
87$18,993,202$7,001,754$5,128,171$13,509,316
88$20,871,244$7,285,575$5,240,700$14,619,999
89$22,938,980$7,581,437$5,355,132$15,834,457
90$25,215,699$7,889,871$5,471,472$17,162,916
91$27,722,657$8,211,431$5,589,724$18,616,630
92$30,483,276$8,546,700$5,709,887$20,207,986
93$33,523,365$8,896,282$5,831,963$21,950,620
94$36,871,363$9,260,815$5,955,949$23,859,540
95$40,558,608$9,640,961$6,081,839$25,951,270
96$44,619,632$10,037,414$6,209,627$28,244,002
97$49,092,489$10,450,902$6,339,303$30,757,763
98$54,019,109$10,882,182$6,470,856$33,514,603
99$59,445,698$11,332,049$6,604,270$36,538,805
100$65,423,174$11,801,334$6,739,528$39,857,102