Can I retire at age 69 with 2,620,000?

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 $2,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$216,357$214,430$212,550$210,714$208,922$205,040
2 years$107,108$105,113$103,179$101,305$99,487$95,590
3 years$70,696$68,692$66,764$64,907$63,119$59,328
4 years$52,493$50,496$48,587$46,762$45,017$41,362
5 years$41,575$39,590$37,706$35,918$34,221$30,713
6 years$34,298$32,328$30,472$28,724$27,078$23,721
7 years$29,103$27,149$25,322$23,615$22,022$18,816
8 years$25,208$23,272$21,475$19,810$18,269$15,214
9 years$22,180$20,262$18,497$16,874$15,385$12,478
10 years$19,759$17,860$16,126$14,546$13,109$10,348
11 years$17,780$15,900$14,197$12,659$11,274$8,656
12 years$16,132$14,271$12,599$11,104$9,770$7,291
13 years$14,738$12,897$11,257$9,803$8,520$6,176
14 years$13,544$11,723$10,114$8,702$7,468$5,256
15 years$12,511$10,709$9,132$7,761$6,576$4,490
16 years$11,608$9,825$8,279$6,949$5,812$3,847
17 years$10,811$9,049$7,534$6,243$5,153$3,306
18 years$10,104$8,361$6,877$5,627$4,582$2,847
19 years$9,472$7,749$6,296$5,084$4,084$2,457
20 years$8,905$7,201$5,778$4,605$3,648$2,124
21 years$8,391$6,707$5,315$4,179$3,264$1,838
22 years$7,925$6,261$4,898$3,800$2,926$1,593
23 years$7,501$5,856$4,523$3,460$2,627$1,382
24 years$7,112$5,487$4,183$3,156$2,361$1,200
25 years$6,755$5,149$3,874$2,882$2,124$1,042
26 years$6,426$4,839$3,593$2,635$1,914$906
27 years$6,121$4,554$3,336$2,412$1,725$789
28 years$5,839$4,291$3,102$2,210$1,557$686
29 years$5,577$4,048$2,886$2,027$1,406$598
30 years$5,333$3,823$2,689$1,860$1,270$521
31 years$5,105$3,614$2,506$1,708$1,148$454
32 years$4,892$3,420$2,339$1,570$1,039$396
33 years$4,692$3,239$2,184$1,444$940$345
34 years$4,504$3,070$2,040$1,328$851$301
35 years$4,328$2,911$1,907$1,223$771$262
36 years$4,161$2,763$1,784$1,126$698$229
37 years$4,004$2,625$1,670$1,038$633$200
38 years$3,856$2,494$1,564$956$574$174
39 years$3,715$2,372$1,465$882$520$152
40 years$3,582$2,257$1,373$813$472$133
41 years$3,456$2,148$1,288$750$428$116
42 years$3,336$2,046$1,208$693$389$101
43 years$3,222$1,949$1,134$639$353$88
44 years$3,113$1,858$1,064$590$320$77
45 years$3,009$1,772$999$545$291$67
46 years$2,911$1,690$938$504$264$59
47 years$2,817$1,613$882$465$240$51
48 years$2,726$1,540$828$430$218$45
49 years$2,640$1,470$779$397$198$39
50 years$2,558$1,405$732$367$180$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,620,000, adding $3,779 every year, while hoping to spend $31,063 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: 67/18/15 Blend
68$2,620,000$2,620,000$2,620,000$2,620,000
69$2,891,138$2,752,278$2,711,668$3,074,384
70$3,152,983$2,854,089$2,769,458$3,298,934
71$3,440,496$2,959,847$2,828,143$3,540,369
72$3,756,261$3,069,714$2,887,720$3,803,580
73$4,103,126$3,183,857$2,948,185$4,090,701
74$4,484,228$3,302,449$3,009,533$4,404,082
75$4,903,025$3,425,675$3,071,758$4,746,306
76$5,363,323$3,553,722$3,134,851$5,120,222
77$5,869,317$3,686,790$3,198,804$5,528,961
78$6,425,630$3,825,085$3,263,606$5,975,974
79$7,037,352$3,968,822$3,329,245$6,465,058
80$7,710,093$4,118,225$3,395,706$7,000,397
81$8,450,034$4,273,530$3,462,974$7,586,594
82$9,263,985$4,434,980$3,531,031$8,228,723
83$10,159,448$4,602,831$3,599,857$8,932,367
84$11,144,691$4,777,349$3,669,431$9,703,677
85$12,228,821$4,958,811$3,739,729$10,549,427
86$13,421,874$5,147,506$3,810,723$11,477,077
87$14,734,909$5,343,738$3,882,386$12,494,846
88$16,180,110$5,547,821$3,954,686$13,611,784
89$17,770,901$5,760,084$4,027,589$14,837,860
90$19,522,077$5,980,872$4,101,056$16,184,056
91$21,449,937$6,210,543$4,175,050$17,662,468
92$23,572,441$6,449,470$4,249,525$19,286,422
93$25,909,381$6,698,045$4,324,435$21,070,596
94$28,482,565$6,956,676$4,399,730$23,031,162
95$31,316,021$7,225,788$4,475,356$25,185,935
96$34,436,230$7,505,826$4,551,255$27,554,538
97$37,872,368$7,797,254$4,627,365$30,158,594
98$41,656,587$8,100,557$4,703,619$33,021,923
99$45,824,315$8,416,241$4,779,946$36,170,767
100$50,414,592$8,744,834$4,856,272$39,634,040