Can I retire at age 69 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$164,332$162,869$161,440$160,046$158,685$155,418
2 years$81,353$79,838$78,369$76,945$75,564$72,287
3 years$53,696$52,175$50,710$49,300$47,941$44,757
4 years$39,871$38,354$36,904$35,518$34,192$31,125
5 years$31,578$30,070$28,639$27,281$25,992$23,051
6 years$26,051$24,554$23,145$21,817$20,567$17,754
7 years$22,105$20,621$19,233$17,937$16,726$14,044
8 years$19,146$17,676$16,311$15,047$13,876$11,322
9 years$16,847$15,390$14,049$12,816$11,686$9,259
10 years$15,008$13,565$12,248$11,048$9,957$7,655
11 years$13,504$12,077$10,783$9,615$8,563$6,383
12 years$12,253$10,839$9,570$8,434$7,421$5,359
13 years$11,194$9,796$8,550$7,446$6,471$4,524
14 years$10,288$8,904$7,682$6,609$5,672$3,837
15 years$9,503$8,134$6,936$5,894$4,994$3,266
16 years$8,816$7,463$6,288$5,278$4,414$2,789
17 years$8,212$6,873$5,722$4,742$3,914$2,388
18 years$7,675$6,351$5,224$4,274$3,480$2,049
19 years$7,195$5,886$4,782$3,862$3,102$1,762
20 years$6,763$5,469$4,389$3,497$2,771$1,517
21 years$6,374$5,095$4,037$3,174$2,479$1,308
22 years$6,020$4,756$3,720$2,886$2,222$1,129
23 years$5,697$4,448$3,435$2,628$1,995$976
24 years$5,402$4,167$3,177$2,397$1,793$844
25 years$5,131$3,911$2,943$2,189$1,614$730
26 years$4,881$3,676$2,729$2,002$1,453$633
27 years$4,649$3,459$2,534$1,832$1,310$548
28 years$4,435$3,259$2,356$1,679$1,182$475
29 years$4,236$3,075$2,192$1,539$1,068$412
30 years$4,051$2,904$2,042$1,413$965$357
31 years$3,878$2,745$1,904$1,298$872$310
32 years$3,716$2,598$1,776$1,192$789$269
33 years$3,564$2,460$1,658$1,097$714$234
34 years$3,421$2,331$1,550$1,009$646$203
35 years$3,287$2,211$1,449$929$586$176
36 years$3,161$2,099$1,355$855$530$153
37 years$3,041$1,993$1,269$788$481$133
38 years$2,928$1,894$1,188$726$436$116
39 years$2,822$1,801$1,113$670$395$101
40 years$2,721$1,714$1,043$618$359$87
41 years$2,625$1,632$978$570$325$76
42 years$2,534$1,554$918$526$295$66
43 years$2,447$1,480$861$486$268$57
44 years$2,364$1,411$808$448$243$50
45 years$2,286$1,346$759$414$221$43
46 years$2,211$1,284$713$382$200$38
47 years$2,139$1,225$670$353$182$33
48 years$2,071$1,170$629$327$165$28
49 years$2,006$1,117$591$302$150$25
50 years$1,943$1,067$556$279$136$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,990,000, adding $4,055 every year, while hoping to spend $53,337 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: 67/7/26 Blend
68$1,990,000$1,990,000$1,990,000$1,990,000
69$2,197,163$2,091,693$2,060,848$2,329,280
70$2,364,523$2,137,436$2,073,136$2,464,414
71$2,547,167$2,183,632$2,084,048$2,605,735
72$2,746,596$2,230,248$2,093,482$2,759,088
73$2,964,465$2,277,247$2,101,330$2,925,662
74$3,202,595$2,324,586$2,107,479$3,106,769
75$3,462,990$2,372,221$2,111,810$3,303,854
76$3,747,858$2,420,103$2,114,199$3,518,509
77$4,059,630$2,468,178$2,114,514$3,752,491
78$4,400,981$2,516,388$2,112,619$4,007,734
79$4,774,858$2,564,669$2,108,370$4,286,370
80$5,184,508$2,612,952$2,101,615$4,590,752
81$5,633,505$2,661,163$2,092,196$4,923,469
82$6,125,785$2,709,223$2,079,947$5,287,379
83$6,665,684$2,757,044$2,064,694$5,685,630
84$7,257,977$2,804,532$2,046,254$6,121,691
85$7,907,925$2,851,588$2,024,438$6,599,389
86$8,621,321$2,898,103$1,999,044$7,122,938
87$9,404,546$2,943,962$1,969,863$7,696,988
88$10,264,633$2,989,038$1,936,676$8,326,660
89$11,209,324$3,033,200$1,899,253$9,017,601
90$12,247,151$3,076,302$1,857,354$9,776,036
91$13,387,512$3,118,193$1,810,727$10,608,825
92$14,640,761$3,158,708$1,759,110$11,523,530
93$16,018,305$3,197,671$1,702,226$12,528,486
94$17,532,711$3,234,895$1,639,789$13,632,882
95$19,197,822$3,270,180$1,571,497$14,846,844
96$21,028,894$3,303,312$1,497,036$16,181,534
97$23,042,731$3,334,065$1,416,077$17,649,256
98$25,257,849$3,362,194$1,328,275$19,263,571
99$27,694,650$3,387,441$1,233,272$21,039,427
100$30,375,610$3,409,531$1,130,692$22,993,299