Can I retire at age 69 with 2,900,000?

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 $2,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$239,479$237,346$235,265$233,234$231,250$227,046
2 years$118,554$116,346$114,206$112,132$110,119$105,898
3 years$78,251$76,033$73,899$71,844$69,864$65,758
4 years$58,103$55,893$53,780$51,759$49,828$45,868
5 years$46,018$43,821$41,735$39,756$37,878$34,077
6 years$37,964$35,783$33,728$31,793$29,972$26,333
7 years$32,213$30,050$28,028$26,139$24,375$20,899
8 years$27,902$25,759$23,770$21,927$20,221$16,908
9 years$24,550$22,428$20,473$18,677$17,029$13,877
10 years$21,871$19,769$17,849$16,100$14,510$11,515
11 years$19,680$17,599$15,714$14,012$12,479$9,638
12 years$17,855$15,796$13,946$12,290$10,814$8,123
13 years$16,313$14,275$12,460$10,850$9,430$6,886
14 years$14,992$12,975$11,195$9,632$8,266$5,863
15 years$13,848$11,853$10,108$8,590$7,278$5,012
16 years$12,848$10,875$9,164$7,691$6,433$4,298
17 years$11,967$10,016$8,339$6,911$5,704$3,696
18 years$11,184$9,255$7,612$6,228$5,071$3,186
19 years$10,485$8,577$6,969$5,627$4,520$2,751
20 years$9,856$7,970$6,396$5,097$4,038$2,379
21 years$9,288$7,424$5,883$4,626$3,613$2,061
22 years$8,772$6,930$5,422$4,206$3,239$1,787
23 years$8,302$6,482$5,006$3,830$2,907$1,552
24 years$7,872$6,073$4,630$3,493$2,613$1,348
25 years$7,477$5,699$4,288$3,190$2,351$1,173
26 years$7,112$5,356$3,977$2,917$2,118$1,020
27 years$6,776$5,041$3,693$2,670$1,910$888
28 years$6,463$4,750$3,433$2,446$1,723$774
29 years$6,173$4,481$3,195$2,243$1,556$675
30 years$5,903$4,232$2,976$2,059$1,406$588
31 years$5,651$4,001$2,774$1,891$1,271$513
32 years$5,415$3,785$2,588$1,738$1,150$447
33 years$5,193$3,585$2,417$1,598$1,040$390
34 years$4,986$3,398$2,258$1,470$942$341
35 years$4,790$3,223$2,111$1,354$853$298
36 years$4,606$3,059$1,975$1,247$773$260
37 years$4,432$2,905$1,849$1,149$701$227
38 years$4,268$2,761$1,731$1,059$635$198
39 years$4,112$2,625$1,622$976$576$173
40 years$3,965$2,498$1,520$900$522$151
41 years$3,825$2,378$1,425$831$474$132
42 years$3,692$2,264$1,337$767$430$115
43 years$3,566$2,157$1,255$708$390$101
44 years$3,446$2,056$1,178$653$354$88
45 years$3,331$1,961$1,106$603$322$77
46 years$3,222$1,871$1,039$557$292$67
47 years$3,118$1,785$976$515$265$59
48 years$3,018$1,704$917$476$241$51
49 years$2,923$1,628$862$440$219$45
50 years$2,831$1,555$810$406$199$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,900,000, adding $3,955 every year, while hoping to spend $39,237 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: 68/20/12 Blend
68$2,900,000$2,900,000$2,900,000$2,900,000
69$3,199,880$3,046,180$3,001,230$3,408,823
70$3,484,519$3,153,695$3,060,023$3,655,781
71$3,796,877$3,265,163$3,119,471$3,920,718
72$4,139,740$3,380,736$3,179,554$4,209,457
73$4,516,174$3,500,574$3,240,250$4,524,328
74$4,929,562$3,624,840$3,301,537$4,867,896
75$5,383,627$3,753,706$3,363,387$5,242,985
76$5,882,471$3,887,352$3,425,775$5,652,702
77$6,430,612$4,025,962$3,488,668$6,100,470
78$7,033,031$4,169,729$3,552,034$6,590,055
79$7,695,210$4,318,857$3,615,837$7,125,606
80$8,423,193$4,473,553$3,680,040$7,711,689
81$9,223,638$4,634,035$3,744,600$8,353,336
82$10,103,878$4,800,532$3,809,473$9,056,083
83$11,071,994$4,973,279$3,874,611$9,826,030
84$12,136,891$5,152,523$3,939,964$10,669,895
85$13,308,376$5,338,519$4,005,475$11,595,075
86$14,597,260$5,531,535$4,071,087$12,609,718
87$16,015,449$5,731,849$4,136,737$13,722,800
88$17,576,065$5,939,750$4,202,359$14,944,205
89$19,293,566$6,155,541$4,267,880$16,284,822
90$21,183,882$6,379,534$4,333,226$17,756,644
91$23,264,565$6,612,058$4,398,316$19,372,884
92$25,554,955$6,853,453$4,463,064$21,148,095
93$28,076,363$7,104,075$4,527,379$23,098,310
94$30,852,270$7,364,293$4,591,165$25,241,192
95$33,908,553$7,634,494$4,654,320$27,596,199
96$37,273,720$7,915,080$4,716,735$30,184,766
97$40,979,189$8,206,468$4,778,295$33,030,509
98$45,059,578$8,509,097$4,838,879$36,159,447
99$49,553,033$8,823,420$4,898,359$39,600,245
100$54,501,587$9,149,913$4,956,600$43,384,483