Can I retire at age 69 with 2,420,000?

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 $2,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$199,841$198,061$196,325$194,629$192,974$190,880
2 years$98,931$97,089$95,303$93,572$91,892$89,783
3 years$65,299$63,449$61,667$59,952$58,300$56,242
4 years$48,486$46,641$44,878$43,192$41,580$39,589
5 years$38,401$36,567$34,827$33,176$31,609$29,690
6 years$31,680$29,860$28,146$26,531$25,011$23,168
7 years$26,881$25,076$23,389$21,813$20,341$18,573
8 years$23,283$21,495$19,836$18,298$16,874$15,183
9 years$20,487$18,715$17,085$15,586$14,211$12,594
10 years$18,251$16,497$14,895$13,435$12,108$10,566
11 years$16,423$14,686$13,113$11,693$10,413$8,944
12 years$14,900$13,181$11,638$10,256$9,024$7,626
13 years$13,613$11,912$10,397$9,055$7,869$6,540
14 years$12,510$10,828$9,342$8,038$6,898$5,637
15 years$11,556$9,891$8,435$7,168$6,074$4,878
16 years$10,722$9,075$7,647$6,418$5,368$4,236
17 years$9,986$8,358$6,959$5,767$4,760$3,689
18 years$9,333$7,723$6,352$5,197$4,232$3,221
19 years$8,749$7,158$5,815$4,696$3,772$2,819
20 years$8,225$6,651$5,337$4,253$3,369$2,471
21 years$7,751$6,195$4,909$3,860$3,015$2,169
22 years$7,320$5,783$4,524$3,510$2,703$1,907
23 years$6,928$5,409$4,177$3,196$2,426$1,679
24 years$6,569$5,068$3,863$2,915$2,181$1,480
25 years$6,239$4,756$3,578$2,662$1,962$1,305
26 years$5,935$4,470$3,319$2,434$1,767$1,152
27 years$5,654$4,207$3,082$2,228$1,594$1,018
28 years$5,394$3,964$2,865$2,041$1,438$899
29 years$5,152$3,739$2,666$1,872$1,298$796
30 years$4,926$3,531$2,483$1,718$1,173$704
31 years$4,716$3,338$2,315$1,578$1,061$623
32 years$4,519$3,159$2,160$1,450$959$552
33 years$4,334$2,991$2,017$1,334$868$489
34 years$4,160$2,835$1,884$1,227$786$433
35 years$3,997$2,689$1,762$1,129$712$384
36 years$3,844$2,552$1,648$1,040$645$340
37 years$3,698$2,424$1,543$958$585$302
38 years$3,561$2,304$1,445$883$530$268
39 years$3,432$2,191$1,353$815$481$237
40 years$3,309$2,084$1,269$751$436$211
41 years$3,192$1,984$1,190$693$396$187
42 years$3,081$1,890$1,116$640$359$166
43 years$2,976$1,800$1,047$591$326$147
44 years$2,875$1,716$983$545$296$131
45 years$2,780$1,636$923$504$268$116
46 years$2,689$1,561$867$465$244$103
47 years$2,602$1,490$814$430$221$91
48 years$2,518$1,422$765$397$201$81
49 years$2,439$1,358$719$367$183$72
50 years$2,363$1,297$676$339$166$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,420,000, adding $2,523 every year, while hoping to spend $49,829 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: 87/6/7 Blend
68$2,420,000$2,420,000$2,420,000$2,420,000
69$2,669,442$2,541,182$2,503,672$2,900,127
70$2,888,708$2,612,683$2,534,528$3,122,308
71$3,128,668$2,686,016$2,564,747$3,359,326
72$3,391,382$2,761,221$2,594,255$3,618,230
73$3,679,116$2,838,333$2,622,976$3,901,190
74$3,994,365$2,917,392$2,650,825$4,210,596
75$4,339,880$2,998,433$2,677,717$4,549,078
76$4,718,687$3,081,495$2,703,559$4,919,536
77$5,134,120$3,166,616$2,728,256$5,325,162
78$5,589,853$3,253,832$2,751,705$5,769,472
79$6,089,930$3,343,182$2,773,799$6,256,339
80$6,638,807$3,434,702$2,794,425$6,790,030
81$7,241,392$3,528,429$2,813,466$7,375,243
82$7,903,091$3,624,400$2,830,795$8,017,156
83$8,629,862$3,722,651$2,846,281$8,721,472
84$9,428,263$3,823,216$2,859,787$9,494,473
85$10,305,523$3,926,131$2,871,167$10,343,080
86$11,269,604$4,031,429$2,880,269$11,274,920
87$12,329,279$4,139,144$2,886,933$12,298,392
88$13,494,211$4,249,308$2,890,991$13,422,752
89$14,775,047$4,361,951$2,892,266$14,658,197
90$16,183,518$4,477,102$2,890,573$16,015,963
91$17,732,548$4,594,791$2,885,718$17,508,428
92$19,436,376$4,715,044$2,877,497$19,149,231
93$21,310,690$4,837,884$2,865,697$20,953,399
94$23,372,775$4,963,336$2,850,093$22,937,491
95$25,641,678$5,091,419$2,830,451$25,119,750
96$28,138,383$5,222,153$2,806,525$27,520,279
97$30,886,011$5,355,551$2,778,056$30,161,228
98$33,910,039$5,491,628$2,744,776$33,067,004
99$37,238,537$5,630,392$2,706,401$36,264,501
100$40,902,438$5,771,851$2,662,635$39,783,352