Can I retire at age 69 with 3,500,000?

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$289,027$286,452$283,940$281,489$279,095$277,336
2 years$143,083$140,418$137,835$135,331$132,902$131,128
3 years$94,441$91,765$89,188$86,708$84,319$82,584
4 years$70,125$67,457$64,906$62,468$60,137$58,455
5 years$55,539$52,887$50,370$47,982$45,715$44,091
6 years$45,818$43,186$40,706$38,371$36,173$34,609
7 years$38,878$36,268$33,827$31,547$29,418$27,915
8 years$33,674$31,088$28,688$26,464$24,405$22,963
9 years$29,630$27,068$24,709$22,542$20,553$19,171
10 years$26,396$23,859$21,542$19,431$17,512$16,190
11 years$23,752$21,240$18,965$16,911$15,061$13,798
12 years$21,550$19,064$16,831$14,833$13,051$11,846
13 years$19,688$17,228$15,038$13,095$11,381$10,232
14 years$18,094$15,660$13,511$11,625$9,977$8,883
15 years$16,713$14,306$12,199$10,367$8,784$7,744
16 years$15,506$13,125$11,060$9,283$7,763$6,776
17 years$14,443$12,088$10,064$8,340$6,884$5,947
18 years$13,498$11,170$9,187$7,516$6,121$5,233
19 years$12,654$10,352$8,411$6,792$5,455$4,615
20 years$11,895$9,620$7,719$6,151$4,873$4,078
21 years$11,210$8,960$7,100$5,583$4,361$3,610
22 years$10,587$8,364$6,544$5,076$3,909$3,200
23 years$10,020$7,823$6,042$4,623$3,509$2,841
24 years$9,501$7,329$5,588$4,216$3,154$2,525
25 years$9,024$6,878$5,175$3,850$2,838$2,246
26 years$8,584$6,464$4,800$3,521$2,556$2,000
27 years$8,177$6,084$4,457$3,223$2,305$1,782
28 years$7,801$5,733$4,143$2,953$2,080$1,589
29 years$7,451$5,408$3,856$2,708$1,878$1,418
30 years$7,124$5,107$3,592$2,485$1,697$1,266
31 years$6,820$4,828$3,348$2,282$1,534$1,131
32 years$6,535$4,569$3,124$2,097$1,388$1,010
33 years$6,268$4,326$2,917$1,929$1,256$903
34 years$6,017$4,100$2,725$1,775$1,137$808
35 years$5,781$3,889$2,548$1,634$1,030$722
36 years$5,559$3,691$2,384$1,504$933$646
37 years$5,349$3,506$2,231$1,386$846$579
38 years$5,151$3,332$2,089$1,278$767$518
39 years$4,963$3,168$1,957$1,178$695$464
40 years$4,785$3,014$1,835$1,087$631$415
41 years$4,616$2,869$1,720$1,003$572$372
42 years$4,456$2,733$1,614$925$519$333
43 years$4,304$2,604$1,514$854$471$298
44 years$4,158$2,482$1,421$789$428$267
45 years$4,020$2,367$1,335$728$388$240
46 years$3,888$2,258$1,254$673$352$215
47 years$3,763$2,155$1,178$622$320$192
48 years$3,642$2,057$1,107$574$291$173
49 years$3,527$1,964$1,040$531$264$155
50 years$3,417$1,876$978$491$240$139

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $3,500,000, adding $5,118 every year, while hoping to spend $26,853 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: 21/50/29 Blend
68$3,500,000$3,500,000$3,500,000$3,500,000
69$3,862,279$3,676,779$3,622,529$3,907,712
70$4,227,660$3,828,370$3,715,313$4,101,470
71$4,629,410$3,986,489$3,810,304$4,305,896
72$5,071,210$4,151,427$3,907,550$4,523,845
73$5,557,117$4,323,490$4,007,095$4,756,429
74$6,091,597$4,502,995$4,108,988$5,004,863
75$6,679,576$4,690,278$4,213,275$5,270,476
76$7,326,478$4,885,687$4,320,005$5,554,721
77$8,038,280$5,089,587$4,429,226$5,859,187
78$8,821,567$5,302,359$4,540,988$6,185,614
79$9,683,597$5,524,404$4,655,340$6,535,905
80$10,632,363$5,756,140$4,772,334$6,912,144
81$11,676,676$5,998,003$4,892,019$7,316,616
82$12,826,244$6,250,451$5,014,448$7,751,823
83$14,091,761$6,513,964$5,139,673$8,220,506
84$15,485,015$6,789,042$5,267,746$8,725,671
85$17,018,990$7,076,209$5,398,720$9,270,615
86$18,707,999$7,376,015$5,532,648$9,858,953
87$20,567,808$7,689,033$5,669,585$10,494,652
88$22,615,792$8,015,864$5,809,584$11,182,064
89$24,871,098$8,357,136$5,952,700$11,925,966
90$27,354,823$8,713,509$6,098,989$12,731,603
91$30,090,215$9,085,670$6,248,504$13,604,731
92$33,102,890$9,474,341$6,401,302$14,551,674
93$36,421,077$9,880,276$6,557,438$15,579,377
94$40,075,883$10,304,266$6,716,969$16,695,471
95$44,101,584$10,747,136$6,879,948$17,908,337
96$48,535,953$11,209,753$7,046,434$19,227,188
97$53,420,612$11,693,022$7,216,481$20,662,148
98$58,801,426$12,197,893$7,390,145$22,224,346
99$64,728,939$12,725,357$7,567,482$23,926,016
100$71,258,846$13,276,454$7,748,548$25,780,609