Can I retire at age 69 with 2,840,000?

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 $2,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$234,525$232,436$230,397$228,408$226,466$222,714
2 years$116,101$113,939$111,843$109,812$107,841$104,072
3 years$76,632$74,460$72,370$70,357$68,419$64,750
4 years$56,901$54,736$52,667$50,689$48,797$45,257
5 years$45,066$42,914$40,872$38,934$37,094$33,693
6 years$37,178$35,042$33,030$31,136$29,352$26,093
7 years$31,546$29,429$27,448$25,598$23,871$20,755
8 years$27,324$25,226$23,278$21,474$19,803$16,830
9 years$24,042$21,964$20,050$18,291$16,677$13,846
10 years$21,418$19,360$17,480$15,767$14,210$11,517
11 years$19,273$17,235$15,389$13,722$12,221$9,665
12 years$17,486$15,469$13,657$12,036$10,590$8,167
13 years$15,975$13,980$12,202$10,626$9,235$6,941
14 years$14,682$12,707$10,963$9,433$8,095$5,926
15 years$13,561$11,608$9,899$8,412$7,128$5,080
16 years$12,582$10,650$8,974$7,532$6,300$4,369
17 years$11,719$9,808$8,166$6,768$5,586$3,767
18 years$10,953$9,063$7,455$6,099$4,966$3,256
19 years$10,268$8,400$6,825$5,511$4,427$2,820
20 years$9,652$7,806$6,263$4,991$3,954$2,447
21 years$9,096$7,271$5,761$4,530$3,538$2,126
22 years$8,591$6,787$5,310$4,119$3,172$1,849
23 years$8,131$6,348$4,903$3,751$2,847$1,610
24 years$7,709$5,947$4,534$3,421$2,559$1,404
25 years$7,322$5,581$4,199$3,124$2,303$1,225
26 years$6,965$5,245$3,895$2,857$2,074$1,069
27 years$6,635$4,937$3,617$2,615$1,870$934
28 years$6,330$4,652$3,362$2,396$1,687$816
29 years$6,046$4,388$3,129$2,197$1,524$714
30 years$5,781$4,144$2,914$2,016$1,377$624
31 years$5,534$3,918$2,717$1,852$1,245$546
32 years$5,303$3,707$2,535$1,702$1,126$478
33 years$5,086$3,511$2,367$1,565$1,019$419
34 years$4,882$3,327$2,211$1,440$923$367
35 years$4,691$3,156$2,068$1,326$836$321
36 years$4,511$2,995$1,934$1,221$757$281
37 years$4,340$2,845$1,810$1,125$686$246
38 years$4,179$2,704$1,695$1,037$622$216
39 years$4,027$2,571$1,588$956$564$189
40 years$3,883$2,446$1,489$882$512$166
41 years$3,746$2,328$1,396$813$464$145
42 years$3,616$2,217$1,309$751$421$128
43 years$3,492$2,113$1,229$693$382$112
44 years$3,374$2,014$1,153$640$347$98
45 years$3,262$1,920$1,083$591$315$86
46 years$3,155$1,832$1,017$546$286$75
47 years$3,053$1,748$956$504$260$66
48 years$2,955$1,669$898$466$236$58
49 years$2,862$1,594$844$431$214$51
50 years$2,773$1,522$794$398$195$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,840,000, adding $3,846 every year, while hoping to spend $34,137 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: 75/12/13 Blend
68$2,840,000$2,840,000$2,840,000$2,840,000
69$3,133,647$2,983,127$2,939,107$3,360,015
70$3,416,958$3,092,979$3,001,246$3,619,842
71$3,728,022$3,207,069$3,064,322$3,899,872
72$4,069,634$3,325,570$3,128,331$4,205,834
73$4,444,874$3,448,660$3,193,267$4,540,294
74$4,857,132$3,576,525$3,259,122$4,906,078
75$5,310,145$3,709,361$3,325,889$5,306,298
76$5,808,030$3,847,369$3,393,556$5,744,380
77$6,355,321$3,990,762$3,462,112$6,224,096
78$6,957,014$4,139,760$3,531,543$6,749,603
79$7,618,613$4,294,592$3,601,833$7,325,476
80$8,346,183$4,455,498$3,672,966$7,956,756
81$9,146,405$4,622,729$3,744,922$8,648,993
82$10,026,640$4,796,545$3,817,679$9,408,302
83$10,994,999$4,977,217$3,891,213$10,241,418
84$12,060,419$5,165,030$3,965,498$11,155,758
85$13,232,745$5,360,280$4,040,506$12,159,495
86$14,522,827$5,563,276$4,116,204$13,261,629
87$15,942,618$5,774,339$4,192,560$14,472,076
88$17,505,289$5,993,805$4,269,534$15,801,760
89$19,225,352$6,222,026$4,347,088$17,262,714
90$21,118,800$6,459,367$4,425,178$18,868,196
91$23,203,252$6,706,211$4,503,756$20,632,810
92$25,498,124$6,962,955$4,582,771$22,572,648
93$28,024,809$7,230,016$4,662,171$24,705,434
94$30,806,881$7,507,829$4,741,895$27,050,702
95$33,870,317$7,796,846$4,821,882$29,629,968
96$37,243,738$8,097,540$4,902,063$32,466,940
97$40,958,685$8,410,406$4,982,369$35,587,740
98$45,049,914$8,735,958$5,062,721$39,021,146
99$49,555,722$9,074,737$5,143,039$42,798,869
100$54,518,309$9,427,303$5,223,235$46,955,847