Can I retire at age 69 with 2,490,000?

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$205,622$203,790$202,003$200,259$198,556$195,670
2 years$101,793$99,897$98,060$96,278$94,551$91,649
3 years$67,188$65,284$63,451$61,687$59,987$57,159
4 years$49,889$47,991$46,176$44,442$42,783$40,052
5 years$39,512$37,625$35,835$34,135$32,523$29,897
6 years$32,596$30,724$28,960$27,298$25,734$23,215
7 years$27,659$25,802$24,066$22,444$20,929$18,518
8 years$23,957$22,117$20,410$18,827$17,363$15,060
9 years$21,079$19,257$17,579$16,037$14,622$12,426
10 years$18,779$16,974$15,326$13,824$12,458$10,368
11 years$16,898$15,111$13,492$12,031$10,715$8,727
12 years$15,331$13,563$11,974$10,553$9,285$7,399
13 years$14,007$12,257$10,698$9,316$8,097$6,308
14 years$12,872$11,141$9,612$8,270$7,098$5,405
15 years$11,890$10,178$8,679$7,375$6,249$4,649
16 years$11,032$9,338$7,868$6,604$5,523$4,012
17 years$10,275$8,600$7,160$5,934$4,897$3,472
18 years$9,603$7,946$6,536$5,347$4,354$3,012
19 years$9,002$7,365$5,984$4,832$3,881$2,618
20 years$8,463$6,844$5,491$4,376$3,467$2,280
21 years$7,975$6,375$5,051$3,972$3,102$1,988
22 years$7,532$5,950$4,655$3,611$2,781$1,736
23 years$7,129$5,565$4,298$3,289$2,496$1,518
24 years$6,759$5,214$3,975$2,999$2,244$1,328
25 years$6,420$4,893$3,682$2,739$2,019$1,163
26 years$6,107$4,599$3,415$2,505$1,819$1,020
27 years$5,818$4,328$3,171$2,293$1,640$894
28 years$5,550$4,078$2,948$2,100$1,479$785
29 years$5,301$3,848$2,743$1,926$1,336$689
30 years$5,069$3,634$2,555$1,768$1,207$605
31 years$4,852$3,435$2,382$1,624$1,091$532
32 years$4,649$3,250$2,223$1,492$987$467
33 years$4,459$3,078$2,075$1,372$893$411
34 years$4,281$2,917$1,939$1,262$809$361
35 years$4,113$2,767$1,813$1,162$733$318
36 years$3,955$2,626$1,696$1,070$664$280
37 years$3,805$2,494$1,587$986$602$246
38 years$3,664$2,370$1,486$909$545$217
39 years$3,531$2,254$1,393$838$495$191
40 years$3,404$2,145$1,305$773$449$168
41 years$3,284$2,041$1,224$713$407$148
42 years$3,170$1,944$1,148$658$369$130
43 years$3,062$1,852$1,077$608$335$115
44 years$2,958$1,766$1,011$561$304$101
45 years$2,860$1,684$950$518$276$89
46 years$2,766$1,606$892$479$251$78
47 years$2,677$1,533$838$442$228$69
48 years$2,591$1,463$787$409$207$61
49 years$2,509$1,397$740$378$188$53
50 years$2,431$1,335$696$349$171$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,490,000, adding $6,188 every year, while hoping to spend $30,242 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: 50/34/16 Blend
68$2,490,000$2,490,000$2,490,000$2,490,000
69$2,750,363$2,618,393$2,579,798$2,875,455
70$2,998,723$2,714,517$2,634,044$3,058,371
71$3,271,402$2,814,337$2,689,094$3,253,396
72$3,570,848$2,918,004$2,744,942$3,464,676
73$3,899,760$3,025,671$2,801,583$3,693,752
74$4,261,108$3,137,502$2,859,008$3,942,317
75$4,658,167$3,253,665$2,917,210$4,212,235
76$5,094,541$3,374,336$2,976,179$4,505,554
77$5,574,205$3,499,699$3,035,902$4,824,526
78$6,101,536$3,629,946$3,096,366$5,171,629
79$6,681,355$3,765,276$3,157,557$5,549,589
80$7,318,976$3,905,897$3,219,457$5,961,406
81$8,020,252$4,052,026$3,282,050$6,410,379
82$8,791,632$4,203,890$3,345,313$6,900,139
83$9,640,223$4,361,725$3,409,225$7,434,681
84$10,573,853$4,525,777$3,473,761$8,018,405
85$11,601,148$4,696,302$3,538,895$8,656,149
86$12,731,614$4,873,570$3,604,596$9,353,242
87$13,975,722$5,057,858$3,670,834$10,115,549
88$15,345,012$5,249,460$3,737,574$10,949,526
89$16,852,199$5,448,679$3,804,777$11,862,281
90$18,511,291$5,655,832$3,872,406$12,861,640
91$20,337,726$5,871,251$3,940,414$13,956,221
92$22,348,513$6,095,281$4,008,757$15,155,511
93$24,562,395$6,328,284$4,077,385$16,469,957
94$27,000,025$6,570,635$4,146,243$17,911,065
95$29,684,160$6,822,728$4,215,273$19,491,506
96$32,639,875$7,084,973$4,284,416$21,225,231
97$35,894,803$7,357,797$4,353,605$23,127,609
98$39,479,392$7,641,649$4,422,769$25,215,564
99$43,427,193$7,936,993$4,491,836$27,507,737
100$47,775,179$8,244,318$4,560,724$30,024,661