Can I retire at age 69 with 2,820,000?

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 $2,820,000?

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$232,873$230,799$228,775$226,800$224,871$221,602
2 years$115,284$113,137$111,056$109,038$107,081$103,795
3 years$76,092$73,936$71,860$69,862$67,937$64,735
4 years$56,501$54,351$52,296$50,332$48,453$45,360
5 years$44,748$42,612$40,584$38,659$36,833$33,859
6 years$36,916$34,796$32,798$30,916$29,145$26,292
7 years$31,324$29,221$27,255$25,418$23,703$20,973
8 years$27,132$25,048$23,114$21,323$19,664$17,056
9 years$23,873$21,809$19,909$18,162$16,560$14,073
10 years$21,267$19,223$17,357$15,656$14,110$11,742
11 years$19,137$17,113$15,281$13,625$12,135$9,884
12 years$17,363$15,360$13,561$11,951$10,516$8,379
13 years$15,863$13,881$12,116$10,551$9,170$7,144
14 years$14,578$12,618$10,886$9,366$8,038$6,121
15 years$13,466$11,526$9,829$8,353$7,078$5,265
16 years$12,494$10,575$8,911$7,479$6,255$4,543
17 years$11,637$9,739$8,109$6,720$5,546$3,932
18 years$10,876$9,000$7,402$6,056$4,931$3,411
19 years$10,196$8,341$6,777$5,472$4,396$2,965
20 years$9,584$7,751$6,219$4,956$3,926$2,582
21 years$9,032$7,219$5,720$4,498$3,513$2,252
22 years$8,530$6,739$5,272$4,090$3,149$1,966
23 years$8,073$6,303$4,868$3,725$2,827$1,719
24 years$7,655$5,905$4,502$3,397$2,541$1,504
25 years$7,270$5,542$4,170$3,102$2,287$1,317
26 years$6,916$5,209$3,867$2,837$2,060$1,155
27 years$6,589$4,902$3,591$2,596$1,857$1,013
28 years$6,285$4,619$3,338$2,379$1,676$889
29 years$6,003$4,357$3,107$2,181$1,513$780
30 years$5,740$4,115$2,894$2,002$1,367$685
31 years$5,495$3,890$2,698$1,839$1,236$602
32 years$5,265$3,681$2,517$1,690$1,118$529
33 years$5,050$3,486$2,350$1,554$1,012$465
34 years$4,848$3,304$2,196$1,430$916$409
35 years$4,658$3,134$2,053$1,316$830$360
36 years$4,479$2,974$1,921$1,212$752$317
37 years$4,310$2,825$1,798$1,117$681$279
38 years$4,150$2,685$1,683$1,029$618$245
39 years$3,999$2,553$1,577$949$560$216
40 years$3,855$2,429$1,478$875$508$190
41 years$3,719$2,312$1,386$808$461$167
42 years$3,590$2,202$1,300$745$418$147
43 years$3,467$2,098$1,220$688$380$130
44 years$3,351$2,000$1,145$635$345$114
45 years$3,239$1,907$1,075$587$313$101
46 years$3,133$1,819$1,010$542$284$89
47 years$3,032$1,736$949$501$258$78
48 years$2,935$1,657$892$463$234$69
49 years$2,842$1,583$838$428$213$61
50 years$2,753$1,512$788$395$193$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,820,000, adding $3,930 every year, while hoping to spend $44,957 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: 69/22/9 Blend
68$2,820,000$2,820,000$2,820,000$2,820,000
69$3,111,694$2,962,234$2,918,524$3,320,819
70$3,381,253$3,059,549$2,968,460$3,557,257
71$3,676,800$3,160,127$3,018,563$3,809,984
72$4,000,938$3,264,078$3,068,790$4,085,245
73$4,356,536$3,371,520$3,119,097$4,385,244
74$4,746,751$3,482,572$3,169,435$4,712,406
75$5,175,062$3,597,361$3,219,753$5,069,400
76$5,645,301$3,716,014$3,269,998$5,459,165
77$6,161,690$3,838,667$3,320,111$5,884,936
78$6,728,878$3,965,458$3,370,030$6,350,276
79$7,351,989$4,096,530$3,419,691$6,859,108
80$8,036,664$4,232,033$3,469,024$7,415,749
81$8,789,122$4,372,121$3,517,954$8,024,957
82$9,616,212$4,516,953$3,566,404$8,691,969
83$10,525,478$4,666,697$3,614,292$9,422,552
84$11,525,235$4,821,523$3,661,528$10,223,062
85$12,624,640$4,981,609$3,708,021$11,100,493
86$13,833,786$5,147,140$3,753,672$12,062,552
87$15,163,790$5,318,308$3,798,378$13,117,729
88$16,626,901$5,495,309$3,842,028$14,275,373
89$18,236,616$5,678,351$3,884,507$15,545,784
90$20,007,806$5,867,645$3,925,694$16,940,306
91$21,956,856$6,063,414$3,965,458$18,471,438
92$24,101,819$6,265,884$4,003,664$20,152,948
93$26,462,586$6,475,295$4,040,169$22,000,003
94$29,061,078$6,691,892$4,074,822$24,029,312
95$31,921,443$6,915,930$4,107,465$26,259,284
96$35,070,294$7,147,675$4,137,928$28,710,198
97$38,536,954$7,387,400$4,166,038$31,404,399
98$42,353,731$7,635,390$4,191,608$34,366,503
99$46,556,229$7,891,942$4,214,445$37,623,632
100$51,183,677$8,157,360$4,234,342$41,205,667