Can I retire at age 69 with 3,200,000?

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 $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$264,253$261,899$259,603$257,361$255,172$248,600
2 years$130,818$128,382$126,021$123,731$121,511$114,933
3 years$86,346$83,899$81,544$79,276$77,091$70,714
4 years$64,114$61,675$59,343$57,114$54,982$48,854
5 years$50,778$48,354$46,053$43,869$41,797$35,935
6 years$41,891$39,484$37,217$35,082$33,072$27,483
7 years$35,545$33,159$30,928$28,843$26,897$21,580
8 years$30,788$28,423$26,229$24,196$22,313$17,266
9 years$27,090$24,748$22,591$20,609$18,791$14,010
10 years$24,133$21,814$19,696$17,766$16,011$11,489
11 years$21,716$19,420$17,340$15,461$13,770$9,502
12 years$19,703$17,430$15,388$13,562$11,933$7,910
13 years$18,000$15,752$13,749$11,973$10,406$6,620
14 years$16,543$14,318$12,353$10,628$9,121$5,565
15 years$15,281$13,080$11,153$9,478$8,031$4,695
16 years$14,177$12,000$10,112$8,487$7,098$3,972
17 years$13,205$11,052$9,202$7,625$6,294$3,369
18 years$12,341$10,212$8,400$6,872$5,596$2,864
19 years$11,569$9,465$7,690$6,210$4,988$2,438
20 years$10,876$8,795$7,057$5,624$4,455$2,079
21 years$10,249$8,192$6,491$5,104$3,987$1,775
22 years$9,680$7,647$5,983$4,641$3,574$1,517
23 years$9,161$7,152$5,524$4,226$3,208$1,297
24 years$8,686$6,701$5,109$3,855$2,883$1,110
25 years$8,250$6,289$4,732$3,520$2,595$951
26 years$7,848$5,910$4,388$3,219$2,337$815
27 years$7,477$5,562$4,075$2,946$2,107$699
28 years$7,132$5,241$3,788$2,699$1,901$600
29 years$6,812$4,945$3,525$2,475$1,717$514
30 years$6,514$4,670$3,284$2,272$1,551$442
31 years$6,235$4,414$3,061$2,087$1,402$379
32 years$5,975$4,177$2,856$1,918$1,269$326
33 years$5,731$3,956$2,667$1,763$1,148$280
34 years$5,501$3,749$2,492$1,622$1,039$240
35 years$5,286$3,556$2,330$1,494$942$206
36 years$5,082$3,375$2,179$1,376$853$177
37 years$4,890$3,206$2,040$1,267$773$152
38 years$4,709$3,046$1,910$1,168$701$131
39 years$4,538$2,897$1,790$1,077$636$113
40 years$4,375$2,756$1,677$993$577$97
41 years$4,221$2,624$1,573$917$523$83
42 years$4,074$2,499$1,475$846$475$71
43 years$3,935$2,381$1,384$781$431$61
44 years$3,802$2,269$1,300$721$391$53
45 years$3,676$2,164$1,220$666$355$45
46 years$3,555$2,064$1,146$615$322$39
47 years$3,440$1,970$1,077$568$293$34
48 years$3,330$1,881$1,012$525$266$29
49 years$3,225$1,796$951$485$241$25
50 years$3,124$1,715$894$449$219$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $3,200,000, adding $3,948 every year, while hoping to spend $53,613 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: 27/50/23 Blend
68$3,200,000$3,200,000$3,200,000$3,200,000
69$3,530,472$3,360,872$3,311,272$3,600,097
70$3,833,537$3,468,511$3,365,156$3,763,187
71$4,165,717$3,579,628$3,419,048$3,933,222
72$4,529,926$3,694,335$3,472,892$4,114,663
73$4,929,372$3,812,752$3,526,628$4,308,511
74$5,367,590$3,934,998$3,580,192$4,515,867
75$5,848,472$4,061,201$3,633,516$4,737,939
76$6,376,305$4,191,489$3,686,528$4,976,053
77$6,955,813$4,325,997$3,739,152$5,231,668
78$7,592,199$4,464,863$3,791,306$5,506,384
79$8,291,192$4,608,231$3,842,904$5,801,962
80$9,059,108$4,756,249$3,893,855$6,120,336
81$9,902,901$4,909,069$3,944,063$6,463,633
82$10,830,233$5,066,849$3,993,426$6,834,192
83$11,849,547$5,229,754$4,041,835$7,234,585
84$12,970,140$5,397,952$4,089,177$7,667,641
85$14,202,261$5,571,618$4,135,330$8,136,470
86$15,557,197$5,750,933$4,180,169$8,644,497
87$17,047,384$5,936,082$4,223,558$9,195,489
88$18,686,527$6,127,259$4,265,357$9,793,589
89$20,489,722$6,324,664$4,305,415$10,443,360
90$22,473,603$6,528,502$4,343,577$11,149,822
91$24,656,499$6,738,988$4,379,675$11,918,501
92$27,058,604$6,956,340$4,413,536$12,755,480
93$29,702,169$7,180,788$4,444,977$13,667,455
94$32,611,711$7,412,567$4,473,804$14,661,799
95$35,814,243$7,651,920$4,499,814$15,746,630
96$39,339,531$7,899,100$4,522,794$16,930,886
97$43,220,375$8,154,368$4,542,519$18,224,409
98$47,492,913$8,417,992$4,558,753$19,638,038
99$52,196,969$8,690,251$4,571,249$21,183,709
100$57,376,420$8,971,435$4,579,747$22,874,568