Can I retire at age 69 with 2,710,000?

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$223,789$221,796$219,851$217,953$216,099$208,598
2 years$110,787$108,723$106,724$104,785$102,904$95,424
3 years$73,124$71,052$69,057$67,137$65,287$58,063
4 years$54,297$52,231$50,256$48,368$46,563$39,651
5 years$43,003$40,950$39,001$37,151$35,397$28,815
6 years$35,476$33,438$31,518$29,710$28,008$21,761
7 years$30,102$28,081$26,192$24,426$22,778$16,865
8 years$26,074$24,071$22,213$20,491$18,897$13,312
9 years$22,942$20,958$19,132$17,454$15,914$10,651
10 years$20,438$18,474$16,680$15,045$13,559$8,610
11 years$18,391$16,446$14,684$13,094$11,661$7,016
12 years$16,686$14,761$13,032$11,485$10,106$5,752
13 years$15,244$13,340$11,643$10,140$8,812$4,740
14 years$14,010$12,125$10,462$9,001$7,725$3,922
15 years$12,941$11,077$9,445$8,027$6,801$3,255
16 years$12,006$10,163$8,564$7,187$6,011$2,709
17 years$11,183$9,359$7,793$6,458$5,330$2,259
18 years$10,451$8,649$7,114$5,820$4,739$1,888
19 years$9,798$8,015$6,512$5,259$4,224$1,580
20 years$9,210$7,448$5,977$4,763$3,773$1,323
21 years$8,680$6,938$5,497$4,322$3,376$1,110
22 years$8,198$6,476$5,067$3,930$3,026$932
23 years$7,758$6,057$4,678$3,579$2,717$783
24 years$7,356$5,675$4,326$3,264$2,442$658
25 years$6,987$5,326$4,007$2,981$2,197$553
26 years$6,646$5,005$3,716$2,726$1,979$465
27 years$6,332$4,711$3,451$2,495$1,784$392
28 years$6,040$4,439$3,208$2,286$1,610$330
29 years$5,769$4,187$2,985$2,096$1,454$278
30 years$5,516$3,955$2,781$1,924$1,314$234
31 years$5,281$3,738$2,593$1,767$1,188$197
32 years$5,060$3,537$2,419$1,624$1,074$166
33 years$4,853$3,350$2,259$1,493$972$140
34 years$4,659$3,175$2,110$1,374$880$118
35 years$4,476$3,011$1,973$1,265$797$99
36 years$4,304$2,858$1,846$1,165$722$84
37 years$4,142$2,715$1,727$1,073$655$71
38 years$3,988$2,580$1,618$989$594$59
39 years$3,843$2,453$1,516$912$538$50
40 years$3,705$2,334$1,421$841$488$42
41 years$3,574$2,222$1,332$776$443$36
42 years$3,450$2,116$1,250$716$402$30
43 years$3,332$2,016$1,172$661$365$25
44 years$3,220$1,922$1,101$611$331$21
45 years$3,113$1,833$1,033$564$301$18
46 years$3,011$1,748$971$521$273$15
47 years$2,913$1,668$912$481$248$13
48 years$2,820$1,593$857$445$225$11
49 years$2,731$1,521$805$411$204$9
50 years$2,646$1,453$757$380$186$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,710,000, adding $4,100 every year, while hoping to spend $33,367 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: 47/31/22 Blend
68$2,710,000$2,710,000$2,710,000$2,710,000
69$2,990,649$2,847,019$2,805,014$3,112,277
70$3,260,193$2,951,021$2,863,480$3,301,799
71$3,556,112$3,059,000$2,922,786$3,503,745
72$3,881,062$3,171,117$2,982,925$3,722,263
73$4,237,966$3,287,538$3,043,889$3,958,923
74$4,630,047$3,408,436$3,105,668$4,215,445
75$5,060,855$3,533,992$3,168,251$4,493,726
76$5,534,298$3,664,394$3,231,624$4,795,848
77$6,054,687$3,799,839$3,295,773$5,124,104
78$6,626,765$3,940,532$3,360,681$5,481,014
79$7,255,762$4,086,685$3,426,331$5,869,352
80$7,947,438$4,238,521$3,492,702$6,292,169
81$8,708,140$4,396,272$3,559,771$6,752,823
82$9,544,861$4,560,180$3,627,514$7,255,010
83$10,465,305$4,730,497$3,695,904$7,802,794
84$11,477,961$4,907,485$3,764,911$8,400,652
85$12,592,181$5,091,420$3,834,503$9,053,510
86$13,818,270$5,282,587$3,904,647$9,766,790
87$15,167,584$5,481,284$3,975,303$10,546,463
88$16,652,634$5,687,823$4,046,431$11,399,099
89$18,287,204$5,902,528$4,117,988$12,331,936
90$20,086,484$6,125,737$4,189,926$13,352,939
91$22,067,211$6,357,804$4,262,194$14,470,881
92$24,247,827$6,599,097$4,334,738$15,695,422
93$26,648,654$6,850,001$4,407,501$17,037,197
94$29,292,083$7,110,918$4,480,418$18,507,922
95$32,202,788$7,382,265$4,553,424$20,120,497
96$35,407,956$7,664,479$4,626,448$21,889,130
97$38,937,546$7,958,018$4,699,413$23,829,469
98$42,824,572$8,263,356$4,772,238$25,958,748
99$47,105,408$8,580,991$4,844,839$28,295,951
100$51,820,141$8,911,441$4,917,122$30,861,988