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%13.7%
1 years$280,769$278,268$275,828$273,446$271,121$266,959
2 years$138,994$136,406$133,897$131,465$129,105$124,922
3 years$91,743$89,143$86,640$84,231$81,910$77,836
4 years$68,121$65,529$63,052$60,683$58,419$54,485
5 years$53,952$51,376$48,931$46,611$44,409$40,627
6 years$44,509$41,952$39,543$37,275$35,139$31,514
7 years$37,767$35,231$32,861$30,646$28,578$25,110
8 years$32,712$30,200$27,869$25,708$23,708$20,397
9 years$28,783$26,294$24,003$21,897$19,965$16,810
10 years$25,642$23,177$20,926$18,876$17,012$14,008
11 years$23,073$20,633$18,423$16,428$14,631$11,777
12 years$20,934$18,519$16,350$14,409$12,679$9,971
13 years$19,126$16,736$14,608$12,721$11,056$8,491
14 years$17,577$15,213$13,125$11,292$9,692$7,264
15 years$16,236$13,897$11,850$10,071$8,533$6,240
16 years$15,063$12,750$10,744$9,017$7,542$5,377
17 years$14,030$11,742$9,777$8,102$6,687$4,647
18 years$13,112$10,851$8,925$7,302$5,946$4,026
19 years$12,293$10,056$8,170$6,598$5,300$3,494
20 years$11,556$9,345$7,498$5,975$4,734$3,038
21 years$10,890$8,704$6,897$5,423$4,236$2,646
22 years$10,285$8,125$6,357$4,931$3,797$2,307
23 years$9,734$7,599$5,869$4,491$3,408$2,013
24 years$9,229$7,120$5,428$4,096$3,064$1,759
25 years$8,766$6,682$5,027$3,740$2,757$1,538
26 years$8,339$6,280$4,663$3,420$2,483$1,346
27 years$7,944$5,910$4,330$3,130$2,239$1,179
28 years$7,578$5,569$4,025$2,868$2,020$1,033
29 years$7,238$5,254$3,746$2,630$1,824$905
30 years$6,921$4,962$3,489$2,414$1,648$794
31 years$6,625$4,690$3,253$2,217$1,490$696
32 years$6,348$4,438$3,035$2,037$1,348$611
33 years$6,089$4,203$2,834$1,874$1,220$536
34 years$5,845$3,983$2,648$1,724$1,104$471
35 years$5,616$3,778$2,475$1,587$1,000$413
36 years$5,400$3,586$2,316$1,461$906$363
37 years$5,196$3,406$2,167$1,347$821$319
38 years$5,003$3,237$2,030$1,241$745$280
39 years$4,821$3,078$1,901$1,144$675$246
40 years$4,648$2,928$1,782$1,056$613$216
41 years$4,484$2,788$1,671$974$556$190
42 years$4,329$2,655$1,568$899$504$167
43 years$4,181$2,529$1,471$830$458$147
44 years$4,040$2,411$1,381$766$415$129
45 years$3,905$2,299$1,297$707$377$114
46 years$3,777$2,193$1,218$654$342$100
47 years$3,655$2,093$1,144$604$311$88
48 years$3,538$1,998$1,075$558$282$77
49 years$3,426$1,908$1,011$516$256$68
50 years$3,320$1,823$950$477$233$60

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 $3,002 every year, while hoping to spend $43,597 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: 57/27/16 Blend
68$3,400,000$3,400,000$3,400,000$3,400,000
69$3,749,897$3,569,697$3,516,997$3,947,838
70$4,085,999$3,698,225$3,588,429$4,210,970
71$4,454,923$3,831,590$3,660,793$4,492,557
72$4,859,970$3,969,982$3,734,075$4,798,413
73$5,304,777$4,113,602$3,808,256$5,130,877
74$5,793,350$4,262,654$3,883,319$5,492,522
75$6,330,104$4,417,357$3,959,243$5,886,176
76$6,919,901$4,577,933$4,036,003$6,314,955
77$7,568,097$4,744,618$4,113,575$6,782,285
78$8,280,593$4,917,654$4,191,930$7,291,938
79$9,063,891$5,097,297$4,271,038$7,848,064
80$9,925,154$5,283,811$4,350,864$8,455,232
81$10,872,274$5,477,471$4,431,371$9,118,472
82$11,913,944$5,678,566$4,512,520$9,843,319
83$13,059,744$5,887,394$4,594,268$10,635,869
84$14,320,230$6,104,267$4,676,568$11,502,833
85$15,707,029$6,329,512$4,759,368$12,451,598
86$17,232,955$6,563,468$4,842,616$13,490,301
87$18,912,126$6,806,487$4,926,253$14,627,899
88$20,760,096$7,058,938$5,010,216$15,874,259
89$22,794,006$7,321,206$5,094,438$17,240,245
90$25,032,740$7,593,691$5,178,848$18,737,819
91$27,497,109$7,876,811$5,263,368$20,380,160
92$30,210,040$8,171,001$5,347,918$22,181,781
93$33,196,800$8,476,715$5,432,408$24,158,665
94$36,485,227$8,794,428$5,516,747$26,328,418
95$40,105,998$9,124,632$5,600,836$28,710,434
96$44,092,914$9,467,844$5,684,569$31,326,073
97$48,483,224$9,824,601$5,767,834$34,198,866
98$53,317,969$10,195,463$5,850,513$37,354,733
99$58,642,376$10,581,015$5,932,480$40,822,227
100$64,506,281$10,981,867$6,013,600$44,632,803