Can I retire at age 69 with 2,450,000?

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$202,319$200,517$198,758$197,042$195,366$193,085
2 years$100,158$98,292$96,485$94,732$93,032$90,736
3 years$66,109$64,235$62,432$60,696$59,023$56,783
4 years$49,087$47,220$45,434$43,728$42,096$39,930
5 years$38,877$37,021$35,259$33,587$32,001$29,914
6 years$32,073$30,230$28,495$26,860$25,321$23,317
7 years$27,214$25,387$23,679$22,083$20,593$18,672
8 years$23,572$21,762$20,082$18,525$17,084$15,246
9 years$20,741$18,947$17,296$15,779$14,387$12,632
10 years$18,477$16,701$15,079$13,602$12,258$10,585
11 years$16,626$14,868$13,276$11,838$10,543$8,949
12 years$15,085$13,345$11,782$10,383$9,136$7,620
13 years$13,782$12,060$10,526$9,167$7,967$6,527
14 years$12,666$10,962$9,458$8,137$6,984$5,618
15 years$11,699$10,014$8,539$7,257$6,149$4,855
16 years$10,854$9,188$7,742$6,498$5,434$4,211
17 years$10,110$8,462$7,045$5,838$4,819$3,662
18 years$9,449$7,819$6,431$5,261$4,284$3,193
19 years$8,858$7,246$5,887$4,754$3,819$2,790
20 years$8,327$6,734$5,403$4,306$3,411$2,442
21 years$7,847$6,272$4,970$3,908$3,052$2,141
22 years$7,411$5,855$4,580$3,553$2,736$1,879
23 years$7,014$5,476$4,229$3,236$2,456$1,652
24 years$6,650$5,131$3,911$2,951$2,208$1,453
25 years$6,316$4,815$3,623$2,695$1,987$1,280
26 years$6,009$4,525$3,360$2,464$1,789$1,128
27 years$5,724$4,259$3,120$2,256$1,613$995
28 years$5,461$4,013$2,900$2,067$1,456$878
29 years$5,215$3,786$2,699$1,895$1,314$775
30 years$4,987$3,575$2,514$1,739$1,188$685
31 years$4,774$3,380$2,344$1,597$1,074$605
32 years$4,575$3,198$2,187$1,468$971$535
33 years$4,388$3,029$2,042$1,350$879$473
34 years$4,212$2,870$1,908$1,242$796$419
35 years$4,047$2,722$1,784$1,143$721$370
36 years$3,891$2,584$1,669$1,053$653$328
37 years$3,744$2,454$1,562$970$592$290
38 years$3,605$2,332$1,462$894$537$257
39 years$3,474$2,218$1,370$825$487$227
40 years$3,350$2,110$1,284$761$441$201
41 years$3,231$2,009$1,204$702$400$178
42 years$3,119$1,913$1,130$648$363$158
43 years$3,013$1,823$1,060$598$330$140
44 years$2,911$1,737$995$552$299$124
45 years$2,814$1,657$934$510$272$110
46 years$2,722$1,580$877$471$247$97
47 years$2,634$1,508$824$435$224$86
48 years$2,550$1,440$775$402$203$76
49 years$2,469$1,375$728$372$185$68
50 years$2,392$1,313$685$343$168$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,450,000, adding $6,364 every year, while hoping to spend $57,427 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: 39/35/26 Blend
68$2,450,000$2,450,000$2,450,000$2,450,000
69$2,706,464$2,576,614$2,538,639$2,790,915
70$2,921,422$2,641,767$2,562,582$2,918,096
71$3,156,380$2,708,187$2,585,402$3,049,720
72$3,413,319$2,775,876$2,607,001$3,190,934
73$3,694,418$2,844,834$2,627,276$3,342,645
74$4,002,076$2,915,059$2,646,117$3,505,855
75$4,338,937$2,986,545$2,663,411$3,681,667
76$4,707,910$3,059,287$2,679,037$3,871,298
77$5,112,200$3,133,276$2,692,867$4,076,087
78$5,555,336$3,208,498$2,704,770$4,297,511
79$6,041,205$3,284,939$2,714,605$4,537,198
80$6,574,088$3,362,581$2,722,224$4,796,941
81$7,158,701$3,441,404$2,727,475$5,078,719
82$7,800,237$3,521,381$2,730,194$5,384,711
83$8,504,418$3,602,485$2,730,211$5,717,318
84$9,277,544$3,684,682$2,727,349$6,079,191
85$10,126,558$3,767,936$2,721,420$6,473,249
86$11,059,106$3,852,205$2,712,227$6,902,710
87$12,083,614$3,937,441$2,699,565$7,371,122
88$13,209,359$4,023,593$2,683,218$7,882,397
89$14,446,568$4,110,603$2,662,959$8,440,847
90$15,806,502$4,198,406$2,638,552$9,051,226
91$17,301,570$4,286,933$2,609,749$9,718,775
92$18,945,444$4,376,107$2,576,289$10,449,270
93$20,753,185$4,465,841$2,537,900$11,249,082
94$22,741,387$4,556,045$2,494,298$12,125,231
95$24,928,335$4,646,618$2,445,183$13,085,459
96$27,334,172$4,737,449$2,390,243$14,138,300
97$29,981,094$4,828,420$2,329,152$15,293,161
98$32,893,554$4,919,402$2,261,568$16,560,414
99$36,098,500$5,010,255$2,187,134$17,951,492
100$39,625,618$5,100,829$2,105,474$19,478,999