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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.8%
1 years$305,543$302,821$300,166$297,574$295,043$289,204
2 years$151,259$148,442$145,711$143,064$140,497$134,639
3 years$99,837$97,008$94,285$91,663$89,137$83,443
4 years$74,132$71,311$68,615$66,038$63,573$58,086
5 years$58,713$55,909$53,248$50,723$48,327$43,064
6 years$48,436$45,654$43,033$40,564$38,240$33,205
7 years$41,099$38,340$35,760$33,350$31,099$26,294
8 years$35,599$32,864$30,328$27,976$25,800$21,224
9 years$31,323$28,614$26,121$23,830$21,727$17,377
10 years$27,904$25,222$22,773$20,541$18,513$14,384
11 years$25,109$22,454$20,049$17,877$15,921$12,009
12 years$22,781$20,153$17,793$15,681$13,797$10,096
13 years$20,813$18,213$15,897$13,844$12,031$8,535
14 years$19,128$16,555$14,283$12,289$10,547$7,248
15 years$17,668$15,123$12,896$10,960$9,286$6,179
16 years$16,392$13,875$11,692$9,813$8,207$5,284
17 years$15,268$12,779$10,639$8,817$7,277$4,531
18 years$14,269$11,808$9,712$7,946$6,470$3,893
19 years$13,377$10,944$8,891$7,180$5,767$3,352
20 years$12,575$10,169$8,160$6,503$5,151$2,891
21 years$11,850$9,472$7,506$5,902$4,610$2,496
22 years$11,192$8,842$6,917$5,366$4,132$2,158
23 years$10,593$8,270$6,387$4,887$3,709$1,868
24 years$10,044$7,748$5,907$4,457$3,334$1,618
25 years$9,539$7,271$5,471$4,070$3,000$1,403
26 years$9,074$6,834$5,074$3,722$2,702$1,217
27 years$8,645$6,431$4,712$3,407$2,436$1,056
28 years$8,246$6,060$4,380$3,121$2,198$917
29 years$7,876$5,717$4,076$2,862$1,985$796
30 years$7,532$5,399$3,797$2,627$1,794$692
31 years$7,210$5,104$3,540$2,413$1,622$602
32 years$6,909$4,830$3,303$2,217$1,467$523
33 years$6,626$4,574$3,084$2,039$1,328$455
34 years$6,361$4,335$2,881$1,876$1,202$396
35 years$6,112$4,111$2,694$1,727$1,089$344
36 years$5,876$3,902$2,520$1,590$986$300
37 years$5,655$3,706$2,359$1,465$894$261
38 years$5,445$3,522$2,209$1,351$810$227
39 years$5,247$3,349$2,069$1,245$735$198
40 years$5,058$3,187$1,940$1,149$667$172
41 years$4,880$3,033$1,819$1,060$605$150
42 years$4,711$2,889$1,706$978$549$130
43 years$4,550$2,753$1,601$903$498$114
44 years$4,396$2,624$1,503$834$452$99
45 years$4,250$2,502$1,411$770$410$86
46 years$4,111$2,387$1,325$711$373$75
47 years$3,978$2,278$1,245$657$338$65
48 years$3,850$2,174$1,170$607$307$57
49 years$3,729$2,076$1,100$561$279$50
50 years$3,612$1,984$1,034$519$253$43

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 $2,022 every year, while hoping to spend $23,667 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: 83/10/7 Blend
68$3,700,000$3,700,000$3,700,000$3,700,000
69$4,079,486$3,883,386$3,826,036$4,415,312
70$4,470,412$4,048,490$3,929,026$4,800,153
71$4,900,419$4,220,891$4,034,674$5,219,264
72$5,373,469$4,400,922$4,143,043$5,678,745
73$5,893,926$4,588,930$4,254,198$6,182,627
74$6,466,599$4,785,281$4,368,206$6,735,353
75$7,096,786$4,990,354$4,485,135$7,341,814
76$7,790,327$5,204,549$4,605,056$8,007,398
77$8,553,653$5,428,285$4,728,038$8,738,037
78$9,393,853$5,661,998$4,854,154$9,540,265
79$10,318,737$5,906,147$4,983,479$10,421,280
80$11,336,910$6,161,210$5,116,088$11,389,008
81$12,457,855$6,427,690$5,252,057$12,452,182
82$13,692,021$6,706,112$5,391,466$13,620,418
83$15,050,921$6,997,025$5,534,394$14,904,312
84$16,547,242$7,301,006$5,680,923$16,315,534
85$18,194,962$7,618,657$5,831,136$17,866,940
86$20,009,488$7,950,611$5,985,118$19,572,692
87$22,007,792$8,297,527$6,142,956$21,448,391
88$24,208,579$8,660,098$6,304,737$23,511,224
89$26,632,460$9,039,049$6,470,552$25,780,126
90$29,302,147$9,435,139$6,640,492$28,275,958
91$32,242,668$9,849,162$6,814,650$31,021,700
92$35,481,600$10,281,951$6,993,120$34,042,672
93$39,049,333$10,734,377$7,176,000$37,366,770
94$42,979,357$11,207,353$7,363,388$41,024,726
95$47,308,573$11,701,835$7,555,384$45,050,402
96$52,077,648$12,218,825$7,752,089$49,481,104
97$57,331,391$12,759,371$7,953,607$54,357,938
98$63,119,183$13,324,570$8,160,043$59,726,193
99$69,495,440$13,915,574$8,371,505$65,635,768
100$76,520,125$14,533,588$8,588,100$72,141,645