Can I retire at age 69 with 2,290,000?

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 $2,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$189,106$187,422$185,778$184,174$182,608$178,629
2 years$93,617$91,873$90,184$88,545$86,956$82,967
3 years$61,791$60,040$58,355$56,732$55,169$51,295
4 years$45,882$44,136$42,467$40,872$39,347$35,617
5 years$36,338$34,603$32,956$31,394$29,911$26,337
6 years$29,978$28,256$26,634$25,106$23,667$20,252
7 years$25,437$23,729$22,133$20,641$19,248$15,992
8 years$22,033$20,340$18,770$17,315$15,968$12,871
9 years$19,386$17,710$16,167$14,749$13,447$10,506
10 years$17,270$15,611$14,095$12,713$11,458$8,670
11 years$15,540$13,897$12,409$11,065$9,854$7,216
12 years$14,100$12,473$11,012$9,705$8,539$6,046
13 years$12,882$11,272$9,839$8,568$7,446$5,094
14 years$11,838$10,246$8,840$7,606$6,528$4,312
15 years$10,935$9,360$7,982$6,783$5,747$3,663
16 years$10,146$8,588$7,236$6,073$5,080$3,121
17 years$9,450$7,909$6,585$5,457$4,504$2,667
18 years$8,832$7,308$6,011$4,918$4,005$2,283
19 years$8,279$6,773$5,503$4,444$3,569$1,959
20 years$7,783$6,294$5,050$4,025$3,188$1,683
21 years$7,334$5,863$4,645$3,653$2,853$1,448
22 years$6,927$5,472$4,281$3,321$2,557$1,247
23 years$6,556$5,118$3,953$3,025$2,296$1,075
24 years$6,216$4,796$3,656$2,759$2,063$927
25 years$5,904$4,500$3,386$2,519$1,857$801
26 years$5,616$4,230$3,140$2,303$1,673$692
27 years$5,350$3,981$2,916$2,108$1,508$598
28 years$5,104$3,751$2,711$1,932$1,361$517
29 years$4,875$3,539$2,523$1,771$1,229$447
30 years$4,661$3,342$2,350$1,626$1,110$387
31 years$4,462$3,159$2,191$1,493$1,004$335
32 years$4,276$2,989$2,044$1,372$908$290
33 years$4,101$2,831$1,908$1,262$822$251
34 years$3,937$2,683$1,783$1,161$744$218
35 years$3,783$2,545$1,667$1,069$674$189
36 years$3,637$2,415$1,560$984$610$163
37 years$3,500$2,294$1,460$907$553$142
38 years$3,370$2,180$1,367$836$502$123
39 years$3,247$2,073$1,281$771$455$106
40 years$3,131$1,972$1,200$711$413$92
41 years$3,020$1,877$1,126$656$374$80
42 years$2,916$1,788$1,056$605$340$69
43 years$2,816$1,704$991$559$308$60
44 years$2,721$1,624$930$516$280$52
45 years$2,630$1,549$873$477$254$45
46 years$2,544$1,477$820$440$231$39
47 years$2,462$1,410$771$407$209$34
48 years$2,383$1,346$724$376$190$29
49 years$2,308$1,285$681$347$173$26
50 years$2,236$1,228$640$321$157$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,290,000, adding $4,278 every year, while hoping to spend $47,240 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: 56/36/8 Blend
68$2,290,000$2,290,000$2,290,000$2,290,000
69$2,527,993$2,406,623$2,371,128$2,664,615
70$2,735,585$2,474,284$2,400,298$2,824,922
71$2,962,768$2,543,678$2,428,861$2,993,811
72$3,211,491$2,614,839$2,456,749$3,176,609
73$3,483,899$2,687,802$2,483,886$3,374,645
74$3,782,355$2,762,602$2,510,194$3,589,386
75$4,109,462$2,839,276$2,535,592$3,822,443
76$4,468,084$2,917,857$2,559,991$4,075,592
77$4,861,378$2,998,382$2,583,301$4,350,786
78$5,292,822$3,080,886$2,605,424$4,650,177
79$5,766,243$3,165,403$2,626,259$4,976,131
80$6,285,860$3,251,968$2,645,699$5,331,257
81$6,856,320$3,340,616$2,663,632$5,718,426
82$7,482,739$3,431,381$2,679,938$6,140,799
83$8,170,755$3,524,296$2,694,493$6,601,858
84$8,926,580$3,619,394$2,707,167$7,105,437
85$9,757,055$3,716,708$2,717,821$7,655,759
86$10,669,718$3,816,269$2,726,310$8,257,477
87$11,672,871$3,918,109$2,732,484$8,915,713
88$12,775,663$4,022,256$2,736,181$9,636,112
89$13,988,173$4,128,739$2,737,236$10,424,890
90$15,321,505$4,237,585$2,735,472$11,288,896
91$16,787,893$4,348,821$2,730,705$12,235,674
92$18,400,816$4,462,471$2,722,741$13,273,536
93$20,175,125$4,578,558$2,711,378$14,411,639
94$22,127,181$4,697,101$2,696,403$15,660,072
95$24,275,015$4,818,120$2,677,594$17,029,947
96$26,638,490$4,941,631$2,654,716$18,533,512
97$29,239,493$5,067,648$2,627,527$20,184,259
98$32,102,141$5,196,182$2,595,768$21,997,053
99$35,253,005$5,327,242$2,559,173$23,988,275
100$38,721,366$5,460,831$2,517,459$26,175,970