Can I retire at age 69 with 3,400,000?

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$280,769$278,268$275,828$273,446$271,121$269,299
2 years$138,994$136,406$133,897$131,465$129,105$127,268
3 years$91,743$89,143$86,640$84,231$81,910$80,114
4 years$68,121$65,529$63,052$60,683$58,419$56,678
5 years$53,952$51,376$48,931$46,611$44,409$42,729
6 years$44,509$41,952$39,543$37,275$35,139$33,521
7 years$37,767$35,231$32,861$30,646$28,578$27,023
8 years$32,712$30,200$27,869$25,708$23,708$22,217
9 years$28,783$26,294$24,003$21,897$19,965$18,537
10 years$25,642$23,177$20,926$18,876$17,012$15,645
11 years$23,073$20,633$18,423$16,428$14,631$13,325
12 years$20,934$18,519$16,350$14,409$12,679$11,433
13 years$19,126$16,736$14,608$12,721$11,056$9,869
14 years$17,577$15,213$13,125$11,292$9,692$8,562
15 years$16,236$13,897$11,850$10,071$8,533$7,460
16 years$15,063$12,750$10,744$9,017$7,542$6,523
17 years$14,030$11,742$9,777$8,102$6,687$5,720
18 years$13,112$10,851$8,925$7,302$5,946$5,030
19 years$12,293$10,056$8,170$6,598$5,300$4,433
20 years$11,556$9,345$7,498$5,975$4,734$3,915
21 years$10,890$8,704$6,897$5,423$4,236$3,463
22 years$10,285$8,125$6,357$4,931$3,797$3,067
23 years$9,734$7,599$5,869$4,491$3,408$2,721
24 years$9,229$7,120$5,428$4,096$3,064$2,416
25 years$8,766$6,682$5,027$3,740$2,757$2,148
26 years$8,339$6,280$4,663$3,420$2,483$1,911
27 years$7,944$5,910$4,330$3,130$2,239$1,701
28 years$7,578$5,569$4,025$2,868$2,020$1,516
29 years$7,238$5,254$3,746$2,630$1,824$1,352
30 years$6,921$4,962$3,489$2,414$1,648$1,206
31 years$6,625$4,690$3,253$2,217$1,490$1,076
32 years$6,348$4,438$3,035$2,037$1,348$961
33 years$6,089$4,203$2,834$1,874$1,220$858
34 years$5,845$3,983$2,648$1,724$1,104$767
35 years$5,616$3,778$2,475$1,587$1,000$685
36 years$5,400$3,586$2,316$1,461$906$613
37 years$5,196$3,406$2,167$1,347$821$548
38 years$5,003$3,237$2,030$1,241$745$490
39 years$4,821$3,078$1,901$1,144$675$438
40 years$4,648$2,928$1,782$1,056$613$392
41 years$4,484$2,788$1,671$974$556$351
42 years$4,329$2,655$1,568$899$504$314
43 years$4,181$2,529$1,471$830$458$281
44 years$4,040$2,411$1,381$766$415$252
45 years$3,905$2,299$1,297$707$377$225
46 years$3,777$2,193$1,218$654$342$202
47 years$3,655$2,093$1,144$604$311$181
48 years$3,538$1,998$1,075$558$282$162
49 years$3,426$1,908$1,011$516$256$145
50 years$3,320$1,823$950$477$233$130

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $3,400,000, adding $5,523 every year, while hoping to spend $37,451 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: 82/5/13 Blend
68$3,400,000$3,400,000$3,400,000$3,400,000
69$3,752,497$3,572,297$3,519,597$4,050,634
70$4,095,404$3,707,492$3,597,656$4,382,196
71$4,472,033$3,848,056$3,677,075$4,740,689
72$4,885,782$3,994,214$3,757,859$5,133,207
73$5,340,399$4,146,197$3,840,014$5,563,147
74$5,840,009$4,304,250$3,923,544$6,034,252
75$6,389,159$4,468,627$4,008,451$6,550,643
76$6,992,855$4,639,592$4,094,737$7,116,860
77$7,656,617$4,817,423$4,182,402$7,737,904
78$8,386,523$5,002,408$4,271,443$8,419,283
79$9,189,271$5,194,848$4,361,859$9,167,065
80$10,072,240$5,395,059$4,453,644$9,987,934
81$11,043,560$5,603,368$4,546,793$10,889,253
82$12,112,190$5,820,119$4,641,297$11,879,135
83$13,287,998$6,045,670$4,737,145$12,966,515
84$14,581,860$6,280,394$4,834,326$14,161,238
85$16,005,758$6,524,682$4,932,825$15,474,152
86$17,572,896$6,778,942$5,032,624$16,917,205
87$19,297,819$7,043,598$5,133,705$18,503,563
88$21,196,559$7,319,096$5,236,046$20,247,732
89$23,286,776$7,605,900$5,339,622$22,165,693
90$25,587,932$7,904,495$5,444,405$24,275,054
91$28,121,473$8,215,386$5,550,364$26,595,217
92$30,911,027$8,539,104$5,657,465$29,147,556
93$33,982,632$8,876,201$5,765,670$31,955,624
94$37,364,980$9,227,254$5,874,939$35,045,374
95$41,089,685$9,592,866$5,985,227$38,445,399
96$45,191,584$9,973,668$6,096,483$42,187,207
97$49,709,065$10,370,318$6,208,655$46,305,513
98$54,684,430$10,783,503$6,321,685$50,838,572
99$60,164,291$11,213,944$6,435,510$55,828,533
100$66,200,012$11,662,390$6,550,063$61,321,843