Can I retire at age 69 with 2,510,000?

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$207,273$205,427$203,626$201,868$200,151$194,681
2 years$102,611$100,700$98,848$97,052$95,310$89,839
3 years$67,728$65,808$63,961$62,182$60,469$55,168
4 years$50,289$48,376$46,547$44,799$43,127$38,037
5 years$39,829$37,927$36,122$34,410$32,784$27,919
6 years$32,858$30,971$29,192$27,518$25,941$21,306
7 years$27,881$26,009$24,259$22,624$21,097$16,692
8 years$24,149$22,295$20,574$18,979$17,502$13,324
9 years$21,249$19,411$17,720$16,166$14,739$10,785
10 years$18,930$17,110$15,449$13,935$12,559$8,823
11 years$17,033$15,232$13,601$12,127$10,801$7,278
12 years$15,454$13,672$12,070$10,637$9,360$6,043
13 years$14,119$12,355$10,784$9,391$8,162$5,044
14 years$12,976$11,230$9,690$8,337$7,155$4,228
15 years$11,986$10,259$8,748$7,435$6,300$3,557
16 years$11,120$9,413$7,932$6,657$5,568$3,001
17 years$10,357$8,669$7,217$5,981$4,937$2,538
18 years$9,680$8,010$6,589$5,390$4,389$2,151
19 years$9,075$7,424$6,032$4,871$3,912$1,826
20 years$8,531$6,899$5,535$4,411$3,495$1,552
21 years$8,039$6,426$5,092$4,003$3,127$1,321
22 years$7,593$5,998$4,693$3,640$2,803$1,125
23 years$7,186$5,610$4,333$3,315$2,516$959
24 years$6,813$5,256$4,007$3,024$2,262$819
25 years$6,471$4,933$3,711$2,761$2,035$699
26 years$6,156$4,636$3,442$2,525$1,833$597
27 years$5,864$4,363$3,196$2,311$1,653$510
28 years$5,594$4,111$2,971$2,117$1,491$436
29 years$5,343$3,878$2,765$1,942$1,347$373
30 years$5,109$3,663$2,576$1,782$1,217$319
31 years$4,891$3,463$2,401$1,637$1,100$273
32 years$4,687$3,276$2,240$1,504$995$234
33 years$4,495$3,103$2,092$1,383$901$200
34 years$4,315$2,941$1,954$1,273$815$171
35 years$4,146$2,789$1,827$1,171$738$147
36 years$3,986$2,647$1,709$1,079$669$126
37 years$3,836$2,514$1,600$994$606$108
38 years$3,694$2,390$1,498$916$550$92
39 years$3,559$2,272$1,404$845$499$79
40 years$3,432$2,162$1,316$779$452$68
41 years$3,311$2,058$1,234$719$410$58
42 years$3,196$1,960$1,157$664$372$50
43 years$3,086$1,867$1,086$612$338$43
44 years$2,982$1,780$1,019$566$307$36
45 years$2,883$1,697$957$522$278$31
46 years$2,789$1,619$899$482$253$27
47 years$2,698$1,545$845$446$230$23
48 years$2,612$1,475$794$412$208$20
49 years$2,530$1,409$746$381$189$17
50 years$2,451$1,346$701$352$172$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,510,000, adding $5,240 every year, while hoping to spend $55,822 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: 72/22/6 Blend
68$2,510,000$2,510,000$2,510,000$2,510,000
69$2,771,425$2,638,395$2,599,490$2,968,577
70$2,994,716$2,708,282$2,627,179$3,169,178
71$3,238,912$2,779,723$2,653,924$3,381,240
72$3,506,086$2,852,734$2,679,636$3,611,837
73$3,798,522$2,927,333$2,704,218$3,862,778
74$4,118,732$3,003,533$2,727,570$4,136,057
75$4,469,485$3,081,349$2,749,587$4,433,865
76$4,853,831$3,160,794$2,770,156$4,758,618
77$5,275,127$3,241,877$2,789,161$5,112,976
78$5,737,070$3,324,610$2,806,478$5,499,868
79$6,243,734$3,408,998$2,821,978$5,922,518
80$6,799,603$3,495,048$2,835,523$6,384,479
81$7,409,621$3,582,763$2,846,971$6,889,664
82$8,079,229$3,672,145$2,856,171$7,442,383
83$8,814,422$3,763,192$2,862,965$8,047,381
84$9,621,805$3,855,900$2,867,186$8,709,890
85$10,508,652$3,950,263$2,868,660$9,435,668
86$11,482,979$4,046,270$2,867,205$10,231,061
87$12,553,615$4,143,909$2,862,628$11,103,060
88$13,730,285$4,243,162$2,854,728$12,059,367
89$15,023,707$4,344,010$2,843,293$13,108,465
90$16,445,684$4,446,425$2,828,103$14,259,704
91$18,009,224$4,550,381$2,808,925$15,523,381
92$19,728,657$4,655,842$2,785,516$16,910,844
93$21,619,771$4,762,769$2,757,621$18,434,595
94$23,699,960$4,871,117$2,724,974$20,108,410
95$25,988,390$4,980,836$2,687,295$21,947,466
96$28,506,178$5,091,868$2,644,291$23,968,487
97$31,276,589$5,204,151$2,595,656$26,189,900
98$34,325,261$5,317,614$2,541,070$28,632,010
99$37,680,438$5,432,177$2,480,196$31,317,191
100$41,373,244$5,547,755$2,412,684$34,270,094