Can I retire at age 69 with 3,400,000?

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$280,769$278,268$275,828$273,446$271,121$268,961
2 years$138,994$136,406$133,897$131,465$129,105$126,928
3 years$91,743$89,143$86,640$84,231$81,910$79,783
4 years$68,121$65,529$63,052$60,683$58,419$56,359
5 years$53,952$51,376$48,931$46,611$44,409$42,421
6 years$44,509$41,952$39,543$37,275$35,139$33,227
7 years$37,767$35,231$32,861$30,646$28,578$26,741
8 years$32,712$30,200$27,869$25,708$23,708$21,947
9 years$28,783$26,294$24,003$21,897$19,965$18,280
10 years$25,642$23,177$20,926$18,876$17,012$15,401
11 years$23,073$20,633$18,423$16,428$14,631$13,093
12 years$20,934$18,519$16,350$14,409$12,679$11,213
13 years$19,126$16,736$14,608$12,721$11,056$9,661
14 years$17,577$15,213$13,125$11,292$9,692$8,365
15 years$16,236$13,897$11,850$10,071$8,533$7,273
16 years$15,063$12,750$10,744$9,017$7,542$6,346
17 years$14,030$11,742$9,777$8,102$6,687$5,554
18 years$13,112$10,851$8,925$7,302$5,946$4,874
19 years$12,293$10,056$8,170$6,598$5,300$4,286
20 years$11,556$9,345$7,498$5,975$4,734$3,776
21 years$10,890$8,704$6,897$5,423$4,236$3,333
22 years$10,285$8,125$6,357$4,931$3,797$2,946
23 years$9,734$7,599$5,869$4,491$3,408$2,607
24 years$9,229$7,120$5,428$4,096$3,064$2,310
25 years$8,766$6,682$5,027$3,740$2,757$2,048
26 years$8,339$6,280$4,663$3,420$2,483$1,818
27 years$7,944$5,910$4,330$3,130$2,239$1,615
28 years$7,578$5,569$4,025$2,868$2,020$1,436
29 years$7,238$5,254$3,746$2,630$1,824$1,277
30 years$6,921$4,962$3,489$2,414$1,648$1,136
31 years$6,625$4,690$3,253$2,217$1,490$1,012
32 years$6,348$4,438$3,035$2,037$1,348$901
33 years$6,089$4,203$2,834$1,874$1,220$803
34 years$5,845$3,983$2,648$1,724$1,104$716
35 years$5,616$3,778$2,475$1,587$1,000$638
36 years$5,400$3,586$2,316$1,461$906$569
37 years$5,196$3,406$2,167$1,347$821$507
38 years$5,003$3,237$2,030$1,241$745$453
39 years$4,821$3,078$1,901$1,144$675$404
40 years$4,648$2,928$1,782$1,056$613$360
41 years$4,484$2,788$1,671$974$556$322
42 years$4,329$2,655$1,568$899$504$287
43 years$4,181$2,529$1,471$830$458$256
44 years$4,040$2,411$1,381$766$415$229
45 years$3,905$2,299$1,297$707$377$204
46 years$3,777$2,193$1,218$654$342$183
47 years$3,655$2,093$1,144$604$311$163
48 years$3,538$1,998$1,075$558$282$146
49 years$3,426$1,908$1,011$516$256$130
50 years$3,320$1,823$950$477$233$116

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $3,400,000, adding $3,182 every year, while hoping to spend $34,330 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: 53/38/9 Blend
68$3,400,000$3,400,000$3,400,000$3,400,000
69$3,750,082$3,569,882$3,517,182$3,940,202
70$4,096,064$3,708,280$3,598,481$4,208,019
71$4,476,185$3,852,308$3,681,353$4,495,240
72$4,893,891$4,002,207$3,765,814$4,806,905
73$5,352,980$4,158,226$3,851,880$5,145,331
74$5,857,632$4,320,628$3,939,567$5,513,066
75$6,412,457$4,489,685$4,028,888$5,912,914
76$7,022,530$4,665,682$4,119,858$6,347,952
77$7,693,445$4,848,917$4,212,490$6,821,569
78$8,431,363$5,039,701$4,306,796$7,337,488
79$9,243,075$5,238,359$4,402,786$7,899,805
80$10,136,060$5,445,230$4,500,471$8,513,026
81$11,118,560$5,660,668$4,599,859$9,182,107
82$12,199,657$5,885,045$4,700,958$9,912,500
83$13,389,357$6,118,747$4,803,775$10,710,204
84$14,698,684$6,362,178$4,908,314$11,581,820
85$16,139,787$6,615,762$5,014,579$12,534,612
86$17,726,049$6,879,938$5,122,572$13,576,575
87$19,472,221$7,155,170$5,232,292$14,716,505
88$21,394,552$7,441,938$5,343,739$15,964,087
89$23,510,951$7,740,747$5,456,909$17,329,981
90$25,841,148$8,052,124$5,571,795$18,825,920
91$28,406,886$8,376,619$5,688,391$20,464,822
92$31,232,122$8,714,807$5,806,686$22,260,908
93$34,343,255$9,067,290$5,926,667$24,229,836
94$37,769,377$9,434,696$6,048,320$26,388,845
95$41,542,540$9,817,683$6,171,626$28,756,918
96$45,698,068$10,216,939$6,296,564$31,354,958
97$50,274,883$10,633,181$6,423,111$34,205,980
98$55,315,875$11,067,160$6,551,239$37,335,334
99$60,868,306$11,519,663$6,680,917$40,770,933
100$66,984,256$11,991,509$6,812,111$44,543,519