Can I retire at age 69 with 3,900,000?

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 $3,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$322,058$319,190$316,391$313,659$310,991$306,851
2 years$159,435$156,466$153,588$150,798$148,091$143,926
3 years$105,234$102,252$99,381$96,617$93,955$89,895
4 years$78,139$75,166$72,324$69,607$67,010$63,086
5 years$61,886$58,931$56,127$53,465$50,940$47,164
6 years$51,055$48,122$45,359$42,757$40,307$36,683
7 years$43,321$40,412$37,693$35,153$32,780$29,310
8 years$37,523$34,641$31,967$29,489$27,194$23,878
9 years$33,016$30,161$27,533$25,118$22,902$19,737
10 years$29,412$26,586$24,004$21,652$19,513$16,498
11 years$26,466$23,668$21,133$18,843$16,782$13,913
12 years$24,013$21,243$18,755$16,528$14,543$11,818
13 years$21,938$19,197$16,756$14,592$12,682$10,096
14 years$20,161$17,450$15,055$12,953$11,117$8,667
15 years$18,623$15,941$13,593$11,552$9,788$7,470
16 years$17,278$14,625$12,324$10,343$8,651$6,460
17 years$16,093$13,469$11,214$9,294$7,670$5,602
18 years$15,041$12,446$10,237$8,375$6,820$4,871
19 years$14,100$11,535$9,372$7,568$6,079$4,243
20 years$13,255$10,719$8,601$6,854$5,430$3,703
21 years$12,491$9,984$7,911$6,221$4,859$3,237
22 years$11,797$9,320$7,291$5,656$4,355$2,833
23 years$11,165$8,717$6,732$5,151$3,910$2,482
24 years$10,586$8,167$6,226$4,698$3,514$2,177
25 years$10,055$7,664$5,767$4,290$3,162$1,911
26 years$9,565$7,203$5,348$3,923$2,848$1,679
27 years$9,112$6,779$4,966$3,591$2,568$1,476
28 years$8,692$6,388$4,617$3,290$2,317$1,299
29 years$8,302$6,026$4,296$3,017$2,092$1,143
30 years$7,939$5,691$4,002$2,769$1,891$1,006
31 years$7,599$5,380$3,731$2,543$1,709$886
32 years$7,282$5,091$3,481$2,337$1,546$781
33 years$6,984$4,821$3,250$2,149$1,399$688
34 years$6,705$4,569$3,037$1,977$1,267$607
35 years$6,442$4,334$2,839$1,820$1,147$535
36 years$6,194$4,113$2,656$1,676$1,040$472
37 years$5,960$3,907$2,486$1,545$942$417
38 years$5,739$3,713$2,328$1,424$854$368
39 years$5,530$3,531$2,181$1,313$775$324
40 years$5,332$3,359$2,044$1,211$703$286
41 years$5,144$3,197$1,917$1,117$637$253
42 years$4,965$3,045$1,798$1,031$578$223
43 years$4,795$2,901$1,687$952$525$197
44 years$4,634$2,766$1,584$879$477$174
45 years$4,480$2,637$1,487$812$433$153
46 years$4,333$2,516$1,397$750$393$136
47 years$4,193$2,401$1,312$693$357$120
48 years$4,059$2,292$1,233$640$324$106
49 years$3,930$2,189$1,159$591$294$93
50 years$3,808$2,091$1,090$547$267$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $3,900,000, adding $2,244 every year, while hoping to spend $34,892 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: 51/30/19 Blend
68$3,900,000$3,900,000$3,900,000$3,900,000
69$4,300,115$4,093,415$4,032,965$4,496,712
70$4,701,602$4,256,867$4,130,944$4,795,916
71$5,142,871$4,427,159$4,231,037$5,117,249
72$5,627,943$4,604,590$4,333,276$5,465,871
73$6,161,248$4,789,470$4,437,696$5,844,377
74$6,747,667$4,982,126$4,544,330$6,255,618
75$7,392,577$5,182,898$4,653,213$6,702,731
76$8,101,903$5,392,142$4,764,378$7,189,164
77$8,882,170$5,610,231$4,877,858$7,718,709
78$9,740,572$5,837,552$4,993,687$8,295,537
79$10,685,033$6,074,514$5,111,898$8,924,236
80$11,724,282$6,321,542$5,232,522$9,609,854
81$12,867,940$6,579,079$5,355,593$10,357,943
82$14,126,606$6,847,590$5,481,142$11,174,613
83$15,511,960$7,127,561$5,609,200$12,066,587
84$17,036,869$7,419,502$5,739,798$13,041,262
85$18,715,514$7,723,941$5,872,965$14,106,783
86$20,563,519$8,041,437$6,008,732$15,272,110
87$22,598,099$8,372,568$6,147,126$16,547,108
88$24,838,226$8,717,944$6,288,174$17,942,636
89$27,304,801$9,078,200$6,431,905$19,470,646
90$30,020,859$9,454,000$6,578,342$21,144,298
91$33,011,780$9,846,040$6,727,510$22,978,081
92$36,305,532$10,255,046$6,879,432$24,987,946
93$39,932,934$10,681,781$7,034,130$27,191,458
94$43,927,944$11,127,039$7,191,624$29,607,957
95$48,327,983$11,591,652$7,351,932$32,258,740
96$53,174,287$12,076,493$7,515,072$35,167,259
97$58,512,294$12,582,471$7,681,057$38,359,343
98$64,392,077$13,110,541$7,849,901$41,863,434
99$70,868,810$13,661,699$8,021,615$45,710,860
100$78,003,296$14,236,990$8,196,206$49,936,121