Can I retire at age 69 with 2,740,000?

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 $2,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$226,267$224,251$222,285$220,366$218,491$212,092
2 years$112,013$109,927$107,905$105,945$104,044$97,648
3 years$73,934$71,839$69,822$67,880$66,010$59,819
4 years$54,898$52,809$50,812$48,904$47,079$41,140
5 years$43,479$41,403$39,433$37,563$35,788$30,118
6 years$35,869$33,809$31,867$30,039$28,318$22,920
7 years$30,436$28,392$26,482$24,697$23,030$17,906
8 years$26,362$24,337$22,459$20,718$19,106$14,251
9 years$23,196$21,190$19,344$17,647$16,090$11,500
10 years$20,664$18,678$16,864$15,212$13,709$9,379
11 years$18,594$16,628$14,847$13,239$11,790$7,711
12 years$16,870$14,924$13,176$11,612$10,217$6,382
13 years$15,413$13,487$11,772$10,252$8,910$5,309
14 years$14,165$12,260$10,577$9,100$7,810$4,435
15 years$13,084$11,199$9,550$8,116$6,877$3,718
16 years$12,139$10,275$8,658$7,267$6,078$3,125
17 years$11,307$9,463$7,879$6,529$5,389$2,634
18 years$10,567$8,744$7,192$5,884$4,792$2,224
19 years$9,906$8,104$6,584$5,317$4,271$1,880
20 years$9,312$7,531$6,043$4,815$3,815$1,592
21 years$8,776$7,015$5,558$4,370$3,414$1,350
22 years$8,288$6,548$5,123$3,974$3,060$1,146
23 years$7,844$6,124$4,730$3,619$2,747$973
24 years$7,438$5,738$4,374$3,301$2,469$827
25 years$7,064$5,385$4,052$3,014$2,222$703
26 years$6,720$5,061$3,758$2,756$2,001$598
27 years$6,402$4,763$3,489$2,523$1,804$509
28 years$6,107$4,488$3,244$2,311$1,628$434
29 years$5,833$4,234$3,019$2,120$1,470$369
30 years$5,577$3,998$2,812$1,945$1,328$315
31 years$5,339$3,780$2,621$1,787$1,201$268
32 years$5,116$3,576$2,446$1,642$1,086$229
33 years$4,907$3,387$2,284$1,510$983$195
34 years$4,711$3,210$2,134$1,389$890$166
35 years$4,526$3,045$1,995$1,279$806$142
36 years$4,352$2,890$1,866$1,178$730$121
37 years$4,187$2,745$1,747$1,085$662$103
38 years$4,032$2,608$1,636$1,000$600$88
39 years$3,885$2,480$1,532$922$544$75
40 years$3,746$2,360$1,436$851$494$64
41 years$3,614$2,246$1,347$785$448$55
42 years$3,488$2,139$1,263$724$406$47
43 years$3,369$2,038$1,185$669$369$40
44 years$3,256$1,943$1,113$617$335$34
45 years$3,147$1,853$1,045$570$304$29
46 years$3,044$1,768$981$527$276$25
47 years$2,946$1,687$922$487$251$21
48 years$2,851$1,610$866$450$228$18
49 years$2,761$1,538$814$416$207$15
50 years$2,675$1,469$766$384$188$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,740,000, adding $2,304 every year, while hoping to spend $21,002 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: 40/42/18 Blend
68$2,740,000$2,740,000$2,740,000$2,740,000
69$3,021,857$2,876,637$2,834,167$3,126,503
70$3,307,740$2,995,246$2,906,765$3,319,949
71$3,622,080$3,118,963$2,981,092$3,526,892
72$3,967,756$3,248,016$3,057,183$3,750,328
73$4,347,942$3,382,644$3,135,073$3,991,769
74$4,766,135$3,523,096$3,214,801$4,252,873
75$5,226,186$3,669,634$3,296,402$4,535,459
76$5,732,341$3,822,530$3,379,916$4,841,526
77$6,289,276$3,982,069$3,465,379$5,173,269
78$6,902,143$4,148,552$3,552,830$5,533,097
79$7,576,621$4,322,290$3,642,309$5,923,659
80$8,318,965$4,503,611$3,733,855$6,347,864
81$9,136,068$4,692,857$3,827,508$6,808,908
82$10,035,526$4,890,386$3,923,309$7,310,304
83$11,025,707$5,096,572$4,021,297$7,855,915
84$12,115,833$5,311,808$4,121,514$8,449,986
85$13,316,065$5,536,504$4,224,002$9,097,184
86$14,637,600$5,771,089$4,328,803$9,802,642
87$16,092,776$6,016,013$4,435,958$10,572,004
88$17,695,187$6,271,746$4,545,511$11,411,478
89$19,459,814$6,538,779$4,657,503$12,327,892
90$21,403,163$6,817,628$4,771,978$13,328,757
91$23,543,426$7,108,832$4,888,979$14,422,337
92$25,900,645$7,412,954$5,008,550$15,617,725
93$28,496,908$7,730,586$5,130,734$16,924,923
94$31,356,554$8,062,346$5,255,574$18,354,942
95$34,506,401$8,408,879$5,383,115$19,919,897
96$37,976,005$8,770,865$5,513,400$21,633,122
97$41,797,931$9,149,012$5,646,473$23,509,293
98$46,008,068$9,544,061$5,782,377$25,564,564
99$50,645,961$9,956,790$5,921,157$27,816,718
100$55,755,189$10,388,013$6,062,856$30,285,331