Can I retire at age 69 with 3,700,000?

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$305,543$302,821$300,166$297,574$295,043$288,732
2 years$151,259$148,442$145,711$143,064$140,497$134,169
3 years$99,837$97,008$94,285$91,663$89,137$82,990
4 years$74,132$71,311$68,615$66,038$63,573$57,655
5 years$58,713$55,909$53,248$50,723$48,327$42,654
6 years$48,436$45,654$43,033$40,564$38,240$32,818
7 years$41,099$38,340$35,760$33,350$31,099$25,929
8 years$35,599$32,864$30,328$27,976$25,800$20,880
9 years$31,323$28,614$26,121$23,830$21,727$17,055
10 years$27,904$25,222$22,773$20,541$18,513$14,082
11 years$25,109$22,454$20,049$17,877$15,921$11,728
12 years$22,781$20,153$17,793$15,681$13,797$9,834
13 years$20,813$18,213$15,897$13,844$12,031$8,291
14 years$19,128$16,555$14,283$12,289$10,547$7,022
15 years$17,668$15,123$12,896$10,960$9,286$5,969
16 years$16,392$13,875$11,692$9,813$8,207$5,090
17 years$15,268$12,779$10,639$8,817$7,277$4,352
18 years$14,269$11,808$9,712$7,946$6,470$3,729
19 years$13,377$10,944$8,891$7,180$5,767$3,201
20 years$12,575$10,169$8,160$6,503$5,151$2,752
21 years$11,850$9,472$7,506$5,902$4,610$2,370
22 years$11,192$8,842$6,917$5,366$4,132$2,042
23 years$10,593$8,270$6,387$4,887$3,709$1,762
24 years$10,044$7,748$5,907$4,457$3,334$1,522
25 years$9,539$7,271$5,471$4,070$3,000$1,315
26 years$9,074$6,834$5,074$3,722$2,702$1,137
27 years$8,645$6,431$4,712$3,407$2,436$983
28 years$8,246$6,060$4,380$3,121$2,198$851
29 years$7,876$5,717$4,076$2,862$1,985$737
30 years$7,532$5,399$3,797$2,627$1,794$638
31 years$7,210$5,104$3,540$2,413$1,622$553
32 years$6,909$4,830$3,303$2,217$1,467$479
33 years$6,626$4,574$3,084$2,039$1,328$415
34 years$6,361$4,335$2,881$1,876$1,202$360
35 years$6,112$4,111$2,694$1,727$1,089$312
36 years$5,876$3,902$2,520$1,590$986$271
37 years$5,655$3,706$2,359$1,465$894$235
38 years$5,445$3,522$2,209$1,351$810$204
39 years$5,247$3,349$2,069$1,245$735$177
40 years$5,058$3,187$1,940$1,149$667$153
41 years$4,880$3,033$1,819$1,060$605$133
42 years$4,711$2,889$1,706$978$549$115
43 years$4,550$2,753$1,601$903$498$100
44 years$4,396$2,624$1,503$834$452$87
45 years$4,250$2,502$1,411$770$410$75
46 years$4,111$2,387$1,325$711$373$65
47 years$3,978$2,278$1,245$657$338$57
48 years$3,850$2,174$1,170$607$307$49
49 years$3,729$2,076$1,100$561$279$43
50 years$3,612$1,984$1,034$519$253$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $3,700,000, adding $3,116 every year, while hoping to spend $49,264 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: 63/32/5 Blend
68$3,700,000$3,700,000$3,700,000$3,700,000
69$4,080,614$3,884,514$3,827,164$4,334,467
70$4,444,420$4,022,439$3,902,958$4,641,799
71$4,843,684$4,165,471$3,979,639$4,971,102
72$5,281,968$4,313,808$4,057,186$5,329,325
73$5,763,202$4,467,657$4,135,574$5,719,264
74$6,291,709$4,627,233$4,214,777$6,143,993
75$6,872,254$4,792,758$4,294,763$6,606,892
76$7,510,087$4,964,466$4,375,500$7,111,682
77$8,210,990$5,142,599$4,456,954$7,662,458
78$8,981,334$5,327,410$4,539,085$8,263,726
79$9,828,137$5,519,159$4,621,851$8,920,443
80$10,759,131$5,718,122$4,705,206$9,638,068
81$11,782,834$5,924,583$4,789,103$10,422,609
82$12,908,634$6,138,837$4,873,488$11,280,677
83$14,146,869$6,361,195$4,958,305$12,219,554
84$15,508,933$6,591,977$5,043,491$13,247,253
85$17,007,378$6,831,518$5,128,983$14,372,599
86$18,656,036$7,080,168$5,214,709$15,605,307
87$20,470,146$7,338,290$5,300,595$16,956,076
88$22,466,496$7,606,262$5,386,561$18,436,687
89$24,663,590$7,884,479$5,472,522$20,060,110
90$27,081,810$8,173,353$5,558,385$21,840,632
91$29,743,618$8,473,311$5,644,055$23,793,987
92$32,673,764$8,784,800$5,729,428$25,937,501
93$35,899,519$9,108,286$5,814,394$28,290,258
94$39,450,930$9,444,252$5,898,837$30,873,277
95$43,361,110$9,793,206$5,982,633$33,709,710
96$47,666,544$10,155,673$6,065,652$36,825,055
97$52,407,433$10,532,203$6,147,753$40,247,403
98$57,628,078$10,923,368$6,228,790$44,007,693
99$63,377,295$11,329,766$6,308,607$48,140,010
100$69,708,873$11,752,018$6,387,039$52,681,897