Can I retire at age 69 with 2,000,000?

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 $2,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$165,158$163,687$162,252$160,851$159,483$157,949
2 years$81,761$80,239$78,763$77,332$75,944$74,399
3 years$53,966$52,437$50,965$49,547$48,182$46,673
4 years$40,071$38,547$37,089$35,696$34,364$32,903
5 years$31,737$30,221$28,783$27,418$26,123$24,715
6 years$26,182$24,678$23,261$21,926$20,670$19,316
7 years$22,216$20,724$19,330$18,027$16,810$15,512
8 years$19,243$17,765$16,393$15,122$13,946$12,702
9 years$16,931$15,467$14,120$12,881$11,744$10,555
10 years$15,083$13,634$12,310$11,103$10,007$8,871
11 years$13,572$12,137$10,837$9,663$8,606$7,523
12 years$12,314$10,894$9,618$8,476$7,458$6,426
13 years$11,250$9,845$8,593$7,483$6,503$5,523
14 years$10,339$8,949$7,721$6,643$5,701$4,769
15 years$9,550$8,175$6,971$5,924$5,020$4,136
16 years$8,861$7,500$6,320$5,304$4,436$3,599
17 years$8,253$6,907$5,751$4,766$3,934$3,141
18 years$7,713$6,383$5,250$4,295$3,497$2,748
19 years$7,231$5,915$4,806$3,881$3,117$2,410
20 years$6,797$5,497$4,411$3,515$2,785$2,117
21 years$6,406$5,120$4,057$3,190$2,492$1,863
22 years$6,050$4,779$3,739$2,900$2,234$1,642
23 years$5,726$4,470$3,452$2,642$2,005$1,448
24 years$5,429$4,188$3,193$2,409$1,802$1,279
25 years$5,156$3,930$2,957$2,200$1,622$1,131
26 years$4,905$3,694$2,743$2,012$1,461$1,001
27 years$4,673$3,476$2,547$1,841$1,317$886
28 years$4,458$3,276$2,368$1,687$1,188$785
29 years$4,258$3,090$2,203$1,547$1,073$696
30 years$4,071$2,919$2,052$1,420$970$617
31 years$3,897$2,759$1,913$1,304$877$548
32 years$3,734$2,611$1,785$1,198$793$486
33 years$3,582$2,472$1,667$1,102$718$432
34 years$3,438$2,343$1,557$1,014$650$384
35 years$3,304$2,222$1,456$933$588$341
36 years$3,176$2,109$1,362$860$533$303
37 years$3,057$2,003$1,275$792$483$269
38 years$2,943$1,904$1,194$730$438$240
39 years$2,836$1,811$1,119$673$397$213
40 years$2,734$1,723$1,048$621$360$189
41 years$2,638$1,640$983$573$327$169
42 years$2,546$1,562$922$529$297$150
43 years$2,459$1,488$865$488$269$133
44 years$2,376$1,418$812$451$244$119
45 years$2,297$1,352$763$416$222$106
46 years$2,222$1,290$716$384$201$94
47 years$2,150$1,231$673$355$183$84
48 years$2,081$1,175$632$328$166$74
49 years$2,016$1,122$594$303$151$66
50 years$1,953$1,072$559$280$137$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,000,000, adding $6,849 every year, while hoping to spend $32,948 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: 40/35/25 Blend
68$2,000,000$2,000,000$2,000,000$2,000,000
69$2,211,065$2,105,065$2,074,065$2,282,930
70$2,401,537$2,173,156$2,108,489$2,403,578
71$2,610,333$2,243,480$2,142,963$2,530,415
72$2,839,287$2,316,111$2,177,453$2,666,991
73$3,090,420$2,391,126$2,211,923$2,814,216
74$3,365,956$2,468,605$2,246,335$2,973,091
75$3,668,347$2,548,629$2,280,651$3,144,715
76$4,000,292$2,631,286$2,314,826$3,330,299
77$4,364,765$2,716,663$2,348,817$3,531,176
78$4,765,043$2,804,851$2,382,574$3,748,809
79$5,204,733$2,895,945$2,416,046$3,984,812
80$5,687,813$2,990,042$2,449,180$4,240,959
81$6,218,660$3,087,245$2,481,918$4,519,204
82$6,802,101$3,187,657$2,514,200$4,821,694
83$7,443,451$3,291,388$2,545,961$5,150,799
84$8,148,565$3,398,549$2,577,133$5,509,121
85$8,923,897$3,509,255$2,607,645$5,899,530
86$9,776,554$3,623,628$2,637,421$6,325,183
87$10,714,368$3,741,792$2,666,380$6,789,558
88$11,745,968$3,863,875$2,694,439$7,296,483
89$12,880,862$3,990,009$2,721,507$7,850,177
90$14,129,524$4,120,334$2,747,492$8,455,282
91$15,503,497$4,254,992$2,772,294$9,116,913
92$17,015,496$4,394,129$2,795,809$9,840,703
93$18,679,535$4,537,900$2,817,927$10,632,856
94$20,511,052$4,686,461$2,838,532$11,500,206
95$22,527,060$4,839,978$2,857,503$12,450,282
96$24,746,302$4,998,619$2,874,712$13,491,374
97$27,189,434$5,162,561$2,890,023$14,632,618
98$29,879,214$5,331,984$2,903,297$15,884,076
99$32,840,720$5,507,077$2,914,384$17,256,832
100$36,101,585$5,688,036$2,923,127$18,763,100