Can I retire at age 69 with 3,600,000?

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 $3,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$297,285$294,637$292,053$289,531$287,069$284,664
2 years$147,171$144,430$141,773$139,198$136,700$134,275
3 years$97,139$94,386$91,737$89,185$86,728$84,360
4 years$72,128$69,384$66,761$64,253$61,855$59,561
5 years$57,126$54,398$51,809$49,352$47,021$44,809
6 years$47,127$44,420$41,869$39,468$37,206$35,078
7 years$39,988$37,304$34,794$32,448$30,259$28,215
8 years$34,637$31,976$29,508$27,220$25,102$23,144
9 years$30,476$27,841$25,415$23,186$21,140$19,266
10 years$27,150$24,541$22,157$19,986$18,012$16,221
11 years$24,430$21,847$19,507$17,394$15,491$13,782
12 years$22,165$19,609$17,312$15,257$13,424$11,796
13 years$20,251$17,721$15,467$13,470$11,706$10,156
14 years$18,611$16,107$13,897$11,957$10,262$8,788
15 years$17,191$14,714$12,547$10,663$9,035$7,636
16 years$15,949$13,500$11,376$9,548$7,985$6,658
17 years$14,855$12,433$10,352$8,579$7,080$5,823
18 years$13,884$11,489$9,450$7,731$6,295$5,106
19 years$13,016$10,648$8,651$6,986$5,611$4,487
20 years$12,235$9,894$7,939$6,327$5,012$3,951
21 years$11,530$9,216$7,303$5,742$4,485$3,484
22 years$10,890$8,603$6,731$5,221$4,020$3,077
23 years$10,306$8,046$6,214$4,755$3,609$2,721
24 years$9,772$7,539$5,747$4,337$3,244$2,409
25 years$9,281$7,075$5,323$3,960$2,919$2,135
26 years$8,829$6,649$4,937$3,621$2,629$1,894
27 years$8,411$6,258$4,584$3,315$2,371$1,681
28 years$8,024$5,897$4,262$3,037$2,139$1,493
29 years$7,664$5,563$3,966$2,785$1,931$1,327
30 years$7,328$5,253$3,694$2,556$1,745$1,180
31 years$7,015$4,966$3,444$2,347$1,578$1,049
32 years$6,722$4,699$3,213$2,157$1,427$934
33 years$6,447$4,450$3,000$1,984$1,292$831
34 years$6,189$4,218$2,803$1,825$1,169$740
35 years$5,946$4,000$2,621$1,680$1,059$659
36 years$5,718$3,797$2,452$1,547$960$588
37 years$5,502$3,606$2,295$1,426$870$524
38 years$5,298$3,427$2,149$1,314$789$467
39 years$5,105$3,259$2,013$1,212$715$416
40 years$4,922$3,101$1,887$1,118$649$371
41 years$4,748$2,951$1,770$1,031$588$331
42 years$4,583$2,811$1,660$952$534$295
43 years$4,427$2,678$1,558$878$485$263
44 years$4,277$2,553$1,462$811$440$235
45 years$4,135$2,434$1,373$749$399$210
46 years$3,999$2,322$1,289$692$363$187
47 years$3,870$2,216$1,211$639$329$167
48 years$3,746$2,116$1,138$591$299$149
49 years$3,628$2,020$1,070$546$272$133
50 years$3,515$1,930$1,006$505$247$119

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $3,600,000, adding $5,532 every year, while hoping to spend $53,044 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: 35/40/25 Blend
68$3,600,000$3,600,000$3,600,000$3,600,000
69$3,972,906$3,782,106$3,726,306$4,081,743
70$4,321,704$3,910,991$3,794,699$4,291,982
71$4,704,302$4,044,413$3,863,605$4,513,451
72$5,124,091$4,182,540$3,932,986$4,751,364
73$5,584,806$4,325,542$4,002,800$5,007,225
74$6,090,564$4,473,601$4,073,001$5,282,683
75$6,645,896$4,626,902$4,143,541$5,579,554
76$7,255,796$4,785,639$4,214,368$5,899,831
77$7,925,764$4,950,013$4,285,426$6,245,705
78$8,661,861$5,120,232$4,356,656$6,619,586
79$9,470,760$5,296,513$4,427,994$7,024,123
80$10,359,817$5,479,082$4,499,372$7,462,230
81$11,337,134$5,668,172$4,570,716$7,937,111
82$12,411,637$5,864,027$4,641,950$8,452,292
83$13,593,159$6,066,900$4,712,991$9,011,650
84$14,892,536$6,277,053$4,783,751$9,619,452
85$16,321,705$6,494,759$4,854,137$10,280,392
86$17,893,818$6,720,301$4,924,050$10,999,638
87$19,623,367$6,953,975$4,993,385$11,782,875
88$21,526,318$7,196,088$5,062,030$12,636,362
89$23,620,263$7,446,956$5,129,869$13,566,986
90$25,924,585$7,706,913$5,196,775$14,582,332
91$28,460,642$7,976,301$5,262,617$15,690,747
92$31,251,968$8,255,480$5,327,254$16,901,423
93$34,324,491$8,544,821$5,390,540$18,224,478
94$37,706,784$8,844,712$5,452,317$19,671,055
95$41,430,328$9,155,555$5,512,422$21,253,424
96$45,529,814$9,477,769$5,570,680$22,985,095
97$50,043,465$9,811,790$5,626,908$24,880,946
98$55,013,401$10,158,070$5,680,912$26,957,365
99$60,486,034$10,517,082$5,732,489$29,232,397
100$66,512,505$10,889,315$5,781,424$31,725,917