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%13.1%
1 years$164,332$162,869$161,440$160,046$158,685$156,638
2 years$81,353$79,838$78,369$76,945$75,564$73,504
3 years$53,696$52,175$50,710$49,300$47,941$45,933
4 years$39,871$38,354$36,904$35,518$34,192$32,251
5 years$31,578$30,070$28,639$27,281$25,992$24,124
6 years$26,051$24,554$23,145$21,817$20,567$18,773
7 years$22,105$20,621$19,233$17,937$16,726$15,008
8 years$19,146$17,676$16,311$15,047$13,876$12,233
9 years$16,847$15,390$14,049$12,816$11,686$10,118
10 years$15,008$13,565$12,248$11,048$9,957$8,463
11 years$13,504$12,077$10,783$9,615$8,563$7,141
12 years$12,253$10,839$9,570$8,434$7,421$6,069
13 years$11,194$9,796$8,550$7,446$6,471$5,189
14 years$10,288$8,904$7,682$6,609$5,672$4,457
15 years$9,503$8,134$6,936$5,894$4,994$3,844
16 years$8,816$7,463$6,288$5,278$4,414$3,327
17 years$8,212$6,873$5,722$4,742$3,914$2,887
18 years$7,675$6,351$5,224$4,274$3,480$2,512
19 years$7,195$5,886$4,782$3,862$3,102$2,190
20 years$6,763$5,469$4,389$3,497$2,771$1,913
21 years$6,374$5,095$4,037$3,174$2,479$1,673
22 years$6,020$4,756$3,720$2,886$2,222$1,465
23 years$5,697$4,448$3,435$2,628$1,995$1,285
24 years$5,402$4,167$3,177$2,397$1,793$1,128
25 years$5,131$3,911$2,943$2,189$1,614$991
26 years$4,881$3,676$2,729$2,002$1,453$871
27 years$4,649$3,459$2,534$1,832$1,310$767
28 years$4,435$3,259$2,356$1,679$1,182$675
29 years$4,236$3,075$2,192$1,539$1,068$595
30 years$4,051$2,904$2,042$1,413$965$524
31 years$3,878$2,745$1,904$1,298$872$462
32 years$3,716$2,598$1,776$1,192$789$407
33 years$3,564$2,460$1,658$1,097$714$359
34 years$3,421$2,331$1,550$1,009$646$317
35 years$3,287$2,211$1,449$929$586$280
36 years$3,161$2,099$1,355$855$530$247
37 years$3,041$1,993$1,269$788$481$218
38 years$2,928$1,894$1,188$726$436$193
39 years$2,822$1,801$1,113$670$395$170
40 years$2,721$1,714$1,043$618$359$150
41 years$2,625$1,632$978$570$325$133
42 years$2,534$1,554$918$526$295$117
43 years$2,447$1,480$861$486$268$104
44 years$2,364$1,411$808$448$243$92
45 years$2,286$1,346$759$414$221$81
46 years$2,211$1,284$713$382$200$72
47 years$2,139$1,225$670$353$182$63
48 years$2,071$1,170$629$327$165$56
49 years$2,006$1,117$591$302$150$49
50 years$1,943$1,067$556$279$136$44

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 $4,660 every year, while hoping to spend $51,446 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: 44/40/16 Blend
68$1,990,000$1,990,000$1,990,000$1,990,000
69$2,197,787$2,092,317$2,061,472$2,284,148
70$2,367,223$2,140,102$2,075,793$2,392,882
71$2,552,217$2,188,505$2,088,870$2,505,175
72$2,754,302$2,237,501$2,100,606$2,625,785
73$2,975,166$2,287,063$2,110,901$2,755,504
74$3,216,665$2,337,161$2,119,648$2,895,202
75$3,480,845$2,387,762$2,126,736$3,045,838
76$3,769,957$2,438,829$2,132,048$3,208,470
77$4,086,483$2,490,321$2,135,462$3,384,262
78$4,433,151$2,542,194$2,136,847$3,574,499
79$4,812,970$2,594,399$2,136,069$3,780,597
80$5,229,251$2,646,883$2,132,985$4,004,115
81$5,685,642$2,699,587$2,127,447$4,246,773
82$6,186,159$2,752,448$2,119,298$4,510,466
83$6,735,227$2,805,398$2,108,375$4,797,284
84$7,337,720$2,858,362$2,094,505$5,109,531
85$7,999,005$2,911,260$2,077,509$5,449,746
86$8,724,996$2,964,004$2,057,197$5,820,729
87$9,522,205$3,016,500$2,033,373$6,225,566
88$10,397,809$3,068,647$2,005,830$6,667,659
89$11,359,711$3,120,336$1,974,351$7,150,760
90$12,416,618$3,171,450$1,938,709$7,679,004
91$13,578,125$3,221,862$1,898,666$8,256,950
92$14,854,797$3,271,437$1,853,975$8,889,626
93$16,258,279$3,320,029$1,804,376$9,582,572
94$17,801,397$3,367,485$1,749,596$10,341,899
95$19,498,284$3,413,635$1,689,352$11,174,341
96$21,364,509$3,458,304$1,623,345$12,087,326
97$23,417,227$3,501,299$1,551,266$13,089,039
98$25,675,338$3,542,417$1,472,788$14,188,507
99$28,159,669$3,581,441$1,387,572$15,395,679
100$30,893,162$3,618,139$1,295,262$16,721,525