Can I retire at age 69 with 2,340,000?

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 $2,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$193,235$191,514$189,834$188,195$186,595$183,428
2 years$95,661$93,879$92,153$90,479$88,855$85,674
3 years$63,140$61,351$59,629$57,970$56,373$53,278
4 years$46,883$45,100$43,395$41,764$40,206$37,219
5 years$37,132$35,359$33,676$32,079$30,564$27,695
6 years$30,633$28,873$27,215$25,654$24,184$21,436
7 years$25,992$24,247$22,616$21,092$19,668$17,041
8 years$22,514$20,785$19,180$17,693$16,317$13,811
9 years$19,810$18,097$16,520$15,071$13,741$11,355
10 years$17,647$15,951$14,402$12,991$11,708$9,440
11 years$15,880$14,201$12,680$11,306$10,069$7,916
12 years$14,408$12,746$11,253$9,917$8,726$6,685
13 years$13,163$11,518$10,054$8,755$7,609$5,678
14 years$12,097$10,470$9,033$7,772$6,670$4,845
15 years$11,174$9,564$8,156$6,931$5,873$4,150
16 years$10,367$8,775$7,394$6,206$5,190$3,566
17 years$9,656$8,082$6,729$5,576$4,602$3,073
18 years$9,024$7,468$6,142$5,025$4,092$2,654
19 years$8,460$6,921$5,623$4,541$3,647$2,297
20 years$7,953$6,431$5,161$4,112$3,258$1,992
21 years$7,495$5,991$4,747$3,732$2,915$1,729
22 years$7,078$5,592$4,375$3,394$2,613$1,503
23 years$6,699$5,230$4,039$3,091$2,346$1,308
24 years$6,352$4,900$3,736$2,819$2,108$1,139
25 years$6,033$4,599$3,460$2,574$1,897$993
26 years$5,739$4,322$3,209$2,354$1,709$866
27 years$5,467$4,067$2,980$2,154$1,541$756
28 years$5,215$3,833$2,770$1,974$1,390$660
29 years$4,981$3,616$2,578$1,810$1,255$577
30 years$4,763$3,415$2,401$1,661$1,134$504
31 years$4,560$3,228$2,239$1,526$1,026$441
32 years$4,369$3,054$2,089$1,402$928$385
33 years$4,191$2,893$1,950$1,289$840$337
34 years$4,023$2,741$1,822$1,186$760$295
35 years$3,865$2,600$1,704$1,092$688$258
36 years$3,716$2,468$1,594$1,006$624$226
37 years$3,576$2,344$1,492$927$565$198
38 years$3,444$2,228$1,397$854$513$173
39 years$3,318$2,118$1,309$788$465$152
40 years$3,199$2,015$1,227$726$422$133
41 years$3,086$1,918$1,150$670$382$116
42 years$2,979$1,827$1,079$619$347$102
43 years$2,877$1,741$1,012$571$315$89
44 years$2,780$1,659$950$527$286$78
45 years$2,688$1,582$892$487$260$69
46 years$2,600$1,510$838$450$236$60
47 years$2,516$1,441$787$416$214$53
48 years$2,435$1,375$740$384$194$46
49 years$2,358$1,313$695$355$177$40
50 years$2,285$1,254$654$328$160$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,340,000, adding $6,830 every year, while hoping to spend $31,475 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: 60/34/6 Blend
68$2,340,000$2,340,000$2,340,000$2,340,000
69$2,585,725$2,461,705$2,425,435$2,737,512
70$2,815,980$2,548,840$2,473,198$2,927,033
71$3,068,666$2,639,189$2,521,506$3,129,412
72$3,346,038$2,732,877$2,570,344$3,349,341
73$3,650,579$2,830,033$2,619,696$3,588,505
74$3,985,025$2,930,792$2,669,544$3,848,762
75$4,352,391$3,035,294$2,719,867$4,132,152
76$4,755,997$3,143,685$2,770,644$4,440,921
77$5,199,499$3,256,117$2,821,851$4,777,542
78$5,686,928$3,372,747$2,873,463$5,144,732
79$6,222,723$3,493,739$2,925,453$5,545,485
80$6,811,775$3,619,266$2,977,789$5,983,093
81$7,459,471$3,749,505$3,030,440$6,461,181
82$8,171,748$3,884,643$3,083,371$6,983,737
83$8,955,147$4,024,871$3,136,545$7,555,154
84$9,816,874$4,170,392$3,189,921$8,180,265
85$10,764,869$4,321,414$3,243,457$8,864,393
86$11,807,880$4,478,157$3,297,107$9,613,397
87$12,955,544$4,640,848$3,350,821$10,433,727
88$14,218,484$4,809,724$3,404,547$11,332,488
89$15,608,399$4,985,030$3,458,230$12,317,501
90$17,138,185$5,167,025$3,511,809$13,397,380
91$18,822,046$5,355,976$3,565,221$14,581,609
92$20,675,639$5,552,163$3,618,400$15,880,636
93$22,716,211$5,755,876$3,671,273$17,305,963
94$24,962,768$5,967,417$3,723,765$18,870,262
95$27,436,253$6,187,104$3,775,794$20,587,488
96$30,159,744$6,415,265$3,827,275$22,473,011
97$33,158,667$6,652,242$3,878,119$24,543,761
98$36,461,044$6,898,395$3,928,229$26,818,388
99$40,097,749$7,154,095$3,977,503$29,317,431
100$44,102,806$7,419,731$4,025,835$32,063,521