Can I retire at age 69 with 3,100,000?

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$255,995$253,715$251,490$249,319$247,198$245,435
2 years$126,730$124,370$122,083$119,865$117,714$115,935
3 years$83,648$81,277$78,996$76,799$74,682$72,944
4 years$62,110$59,747$57,489$55,329$53,264$51,580
5 years$49,192$46,843$44,613$42,498$40,490$38,865
6 years$40,582$38,251$36,054$33,986$32,039$30,474
7 years$34,434$32,123$29,961$27,942$26,056$24,553
8 years$29,826$27,535$25,410$23,440$21,616$20,174
9 years$26,243$23,974$21,885$19,965$18,204$16,823
10 years$23,379$21,132$19,080$17,210$15,511$14,190
11 years$21,037$18,813$16,798$14,978$13,340$12,079
12 years$19,087$16,885$14,908$13,138$11,560$10,357
13 years$17,438$15,259$13,319$11,599$10,080$8,935
14 years$16,026$13,870$11,967$10,296$8,836$7,746
15 years$14,803$12,671$10,805$9,182$7,780$6,744
16 years$13,734$11,625$9,796$8,222$6,876$5,893
17 years$12,792$10,706$8,914$7,387$6,097$5,165
18 years$11,956$9,893$8,137$6,657$5,421$4,538
19 years$11,208$9,169$7,449$6,015$4,832$3,997
20 years$10,536$8,520$6,837$5,448$4,316$3,527
21 years$9,929$7,936$6,288$4,945$3,862$3,117
22 years$9,377$7,408$5,796$4,496$3,462$2,759
23 years$8,875$6,929$5,351$4,094$3,108$2,446
24 years$8,415$6,492$4,949$3,734$2,793$2,170
25 years$7,992$6,092$4,584$3,410$2,514$1,928
26 years$7,603$5,726$4,251$3,118$2,264$1,714
27 years$7,243$5,389$3,948$2,854$2,041$1,525
28 years$6,909$5,078$3,670$2,615$1,842$1,357
29 years$6,599$4,790$3,415$2,398$1,663$1,209
30 years$6,310$4,524$3,181$2,201$1,503$1,078
31 years$6,041$4,276$2,966$2,021$1,359$961
32 years$5,788$4,046$2,767$1,858$1,229$857
33 years$5,552$3,832$2,584$1,708$1,112$765
34 years$5,329$3,632$2,414$1,572$1,007$683
35 years$5,120$3,445$2,257$1,447$912$610
36 years$4,924$3,270$2,111$1,333$826$545
37 years$4,738$3,105$1,976$1,228$749$487
38 years$4,562$2,951$1,850$1,132$679$435
39 years$4,396$2,806$1,734$1,043$616$389
40 years$4,238$2,670$1,625$962$559$348
41 years$4,089$2,542$1,524$888$507$311
42 years$3,947$2,420$1,429$819$460$278
43 years$3,812$2,306$1,341$756$417$249
44 years$3,683$2,198$1,259$698$379$222
45 years$3,561$2,096$1,182$645$344$199
46 years$3,444$2,000$1,110$596$312$178
47 years$3,333$1,908$1,043$550$283$159
48 years$3,226$1,822$980$509$257$142
49 years$3,124$1,740$921$470$234$127
50 years$3,027$1,662$866$435$212$114

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $3,100,000, adding $5,238 every year, while hoping to spend $55,175 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: 56/26/18 Blend
68$3,100,000$3,100,000$3,100,000$3,100,000
69$3,421,603$3,257,303$3,209,253$3,596,544
70$3,711,901$3,358,205$3,258,057$3,817,157
71$4,029,960$3,462,202$3,306,647$4,050,981
72$4,378,553$3,569,388$3,354,957$4,304,470
73$4,760,735$3,679,857$3,402,918$4,579,524
74$5,179,871$3,793,711$3,450,456$4,878,231
75$5,639,664$3,911,050$3,497,494$5,202,891
76$6,144,198$4,031,979$3,543,947$5,556,036
77$6,697,966$4,156,606$3,589,730$5,940,454
78$7,305,921$4,285,042$3,634,748$6,359,214
79$7,973,517$4,417,401$3,678,904$6,815,695
80$8,706,764$4,553,802$3,722,096$7,313,619
81$9,512,280$4,694,364$3,764,212$7,857,082
82$10,397,358$4,839,213$3,805,138$8,450,598
83$11,370,030$4,988,477$3,844,752$9,099,137
84$12,439,148$5,142,287$3,882,926$9,808,173
85$13,614,461$5,300,778$3,919,524$10,583,734
86$14,906,711$5,464,092$3,954,403$11,432,461
87$16,327,734$5,632,370$3,987,414$12,361,670
88$17,890,567$5,805,761$4,018,397$13,379,419
89$19,609,578$5,984,417$4,047,186$14,494,582
90$21,500,595$6,168,492$4,073,607$15,716,939
91$23,581,056$6,358,150$4,097,473$17,057,261
92$25,870,178$6,553,553$4,118,593$18,527,417
93$28,389,132$6,754,873$4,136,761$20,140,479
94$31,161,245$6,962,283$4,151,764$21,910,852
95$34,212,221$7,175,964$4,163,377$23,854,405
96$37,570,381$7,396,100$4,171,364$25,988,623
97$41,266,932$7,622,880$4,175,476$28,332,770
98$45,336,258$7,856,501$4,175,454$30,908,071
99$49,816,249$8,097,162$4,171,025$33,737,911
100$54,748,653$8,345,070$4,161,901$36,848,058