Can I retire at age 69 with 3,700,000?

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$305,543$302,821$300,166$297,574$295,043$293,184
2 years$151,259$148,442$145,711$143,064$140,497$138,621
3 years$99,837$97,008$94,285$91,663$89,137$87,303
4 years$74,132$71,311$68,615$66,038$63,573$61,795
5 years$58,713$55,909$53,248$50,723$48,327$46,611
6 years$48,436$45,654$43,033$40,564$38,240$36,587
7 years$41,099$38,340$35,760$33,350$31,099$29,510
8 years$35,599$32,864$30,328$27,976$25,800$24,275
9 years$31,323$28,614$26,121$23,830$21,727$20,267
10 years$27,904$25,222$22,773$20,541$18,513$17,115
11 years$25,109$22,454$20,049$17,877$15,921$14,586
12 years$22,781$20,153$17,793$15,681$13,797$12,523
13 years$20,813$18,213$15,897$13,844$12,031$10,817
14 years$19,128$16,555$14,283$12,289$10,547$9,391
15 years$17,668$15,123$12,896$10,960$9,286$8,187
16 years$16,392$13,875$11,692$9,813$8,207$7,163
17 years$15,268$12,779$10,639$8,817$7,277$6,287
18 years$14,269$11,808$9,712$7,946$6,470$5,532
19 years$13,377$10,944$8,891$7,180$5,767$4,879
20 years$12,575$10,169$8,160$6,503$5,151$4,311
21 years$11,850$9,472$7,506$5,902$4,610$3,816
22 years$11,192$8,842$6,917$5,366$4,132$3,383
23 years$10,593$8,270$6,387$4,887$3,709$3,003
24 years$10,044$7,748$5,907$4,457$3,334$2,669
25 years$9,539$7,271$5,471$4,070$3,000$2,374
26 years$9,074$6,834$5,074$3,722$2,702$2,114
27 years$8,645$6,431$4,712$3,407$2,436$1,884
28 years$8,246$6,060$4,380$3,121$2,198$1,680
29 years$7,876$5,717$4,076$2,862$1,985$1,499
30 years$7,532$5,399$3,797$2,627$1,794$1,338
31 years$7,210$5,104$3,540$2,413$1,622$1,195
32 years$6,909$4,830$3,303$2,217$1,467$1,068
33 years$6,626$4,574$3,084$2,039$1,328$955
34 years$6,361$4,335$2,881$1,876$1,202$854
35 years$6,112$4,111$2,694$1,727$1,089$764
36 years$5,876$3,902$2,520$1,590$986$683
37 years$5,655$3,706$2,359$1,465$894$612
38 years$5,445$3,522$2,209$1,351$810$548
39 years$5,247$3,349$2,069$1,245$735$490
40 years$5,058$3,187$1,940$1,149$667$439
41 years$4,880$3,033$1,819$1,060$605$393
42 years$4,711$2,889$1,706$978$549$352
43 years$4,550$2,753$1,601$903$498$316
44 years$4,396$2,624$1,503$834$452$283
45 years$4,250$2,502$1,411$770$410$253
46 years$4,111$2,387$1,325$711$373$227
47 years$3,978$2,278$1,245$657$338$203
48 years$3,850$2,174$1,170$607$307$182
49 years$3,729$2,076$1,100$561$279$163
50 years$3,612$1,984$1,034$519$253$147

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $3,700,000, adding $3,588 every year, while hoping to spend $34,722 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: 69/13/18 Blend
68$3,700,000$3,700,000$3,700,000$3,700,000
69$4,081,101$3,885,001$3,827,651$4,344,737
70$4,460,429$4,038,422$3,918,933$4,674,438
71$4,877,286$4,198,197$4,012,110$5,030,626
72$5,335,461$4,364,601$4,107,208$5,419,496
73$5,839,131$4,537,920$4,204,253$5,844,268
74$6,392,899$4,718,455$4,303,272$6,308,488
75$7,001,834$4,906,518$4,404,290$6,816,058
76$7,671,521$5,102,437$4,507,334$7,371,274
77$8,408,115$5,306,555$4,612,428$7,978,867
78$9,218,395$5,519,229$4,719,597$8,644,047
79$10,109,832$5,740,832$4,828,865$9,372,548
80$11,090,658$5,971,756$4,940,254$10,170,688
81$12,169,941$6,212,407$5,053,789$11,045,423
82$13,357,673$6,463,214$5,169,490$12,004,414
83$14,664,867$6,724,622$5,287,378$13,056,096
84$16,103,652$6,997,097$5,407,474$14,209,762
85$17,687,397$7,281,127$5,529,797$15,475,648
86$19,430,830$7,577,222$5,654,364$16,865,025
87$21,350,183$7,885,914$5,781,193$18,390,311
88$23,463,338$8,207,760$5,910,299$20,065,182
89$25,790,000$8,543,342$6,041,696$21,904,706
90$28,351,885$8,893,271$6,175,398$23,925,478
91$31,172,918$9,258,181$6,311,414$26,145,780
92$34,279,464$9,638,741$6,449,755$28,585,753
93$37,700,576$10,035,646$6,590,428$31,267,583
94$41,468,266$10,449,623$6,733,439$34,215,715
95$45,617,811$10,881,437$6,878,791$37,457,074
96$50,188,082$11,331,882$7,026,485$41,021,329
97$55,221,915$11,801,792$7,176,521$44,941,163
98$60,766,510$12,292,040$7,328,894$49,252,586
99$66,873,880$12,803,536$7,483,598$53,995,270
100$73,601,342$13,337,235$7,640,624$59,212,926