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%11.1%
1 years$165,158$163,687$162,252$160,851$159,483$158,744
2 years$81,761$80,239$78,763$77,332$75,944$75,198
3 years$53,966$52,437$50,965$49,547$48,182$47,453
4 years$40,071$38,547$37,089$35,696$34,364$33,656
5 years$31,737$30,221$28,783$27,418$26,123$25,439
6 years$26,182$24,678$23,261$21,926$20,670$20,011
7 years$22,216$20,724$19,330$18,027$16,810$16,176
8 years$19,243$17,765$16,393$15,122$13,946$13,337
9 years$16,931$15,467$14,120$12,881$11,744$11,160
10 years$15,083$13,634$12,310$11,103$10,007$9,448
11 years$13,572$12,137$10,837$9,663$8,606$8,071
12 years$12,314$10,894$9,618$8,476$7,458$6,947
13 years$11,250$9,845$8,593$7,483$6,503$6,016
14 years$10,339$8,949$7,721$6,643$5,701$5,236
15 years$9,550$8,175$6,971$5,924$5,020$4,577
16 years$8,861$7,500$6,320$5,304$4,436$4,016
17 years$8,253$6,907$5,751$4,766$3,934$3,534
18 years$7,713$6,383$5,250$4,295$3,497$3,118
19 years$7,231$5,915$4,806$3,881$3,117$2,758
20 years$6,797$5,497$4,411$3,515$2,785$2,444
21 years$6,406$5,120$4,057$3,190$2,492$2,170
22 years$6,050$4,779$3,739$2,900$2,234$1,929
23 years$5,726$4,470$3,452$2,642$2,005$1,718
24 years$5,429$4,188$3,193$2,409$1,802$1,531
25 years$5,156$3,930$2,957$2,200$1,622$1,366
26 years$4,905$3,694$2,743$2,012$1,461$1,221
27 years$4,673$3,476$2,547$1,841$1,317$1,091
28 years$4,458$3,276$2,368$1,687$1,188$976
29 years$4,258$3,090$2,203$1,547$1,073$874
30 years$4,071$2,919$2,052$1,420$970$782
31 years$3,897$2,759$1,913$1,304$877$701
32 years$3,734$2,611$1,785$1,198$793$629
33 years$3,582$2,472$1,667$1,102$718$564
34 years$3,438$2,343$1,557$1,014$650$506
35 years$3,304$2,222$1,456$933$588$454
36 years$3,176$2,109$1,362$860$533$408
37 years$3,057$2,003$1,275$792$483$366
38 years$2,943$1,904$1,194$730$438$329
39 years$2,836$1,811$1,119$673$397$295
40 years$2,734$1,723$1,048$621$360$265
41 years$2,638$1,640$983$573$327$239
42 years$2,546$1,562$922$529$297$214
43 years$2,459$1,488$865$488$269$193
44 years$2,376$1,418$812$451$244$173
45 years$2,297$1,352$763$416$222$156
46 years$2,222$1,290$716$384$201$140
47 years$2,150$1,231$673$355$183$126
48 years$2,081$1,175$632$328$166$113
49 years$2,016$1,122$594$303$151$102
50 years$1,953$1,072$559$280$137$92

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 $6,566 every year, while hoping to spend $59,924 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: 75/17/8 Blend
68$2,000,000$2,000,000$2,000,000$2,000,000
69$2,210,773$2,104,773$2,073,773$2,373,415
70$2,372,513$2,144,148$2,079,486$2,520,759
71$2,548,742$2,183,444$2,083,381$2,673,918
72$2,740,875$2,222,594$2,085,336$2,840,041
73$2,950,469$2,261,526$2,085,219$3,020,390
74$3,179,237$2,300,161$2,082,894$3,216,357
75$3,429,065$2,338,415$2,078,217$3,429,474
76$3,702,031$2,376,198$2,071,039$3,661,430
77$4,000,420$2,413,414$2,061,200$3,914,084
78$4,326,750$2,449,958$2,048,537$4,189,484
79$4,683,791$2,485,719$2,032,876$4,489,886
80$5,074,595$2,520,576$2,014,035$4,817,776
81$5,502,523$2,554,404$1,991,824$5,175,894
82$5,971,274$2,587,063$1,966,044$5,567,257
83$6,484,924$2,618,410$1,936,487$5,995,190
84$7,047,961$2,648,286$1,902,933$6,463,356
85$7,665,327$2,676,526$1,865,155$6,975,793
86$8,342,466$2,702,951$1,822,914$7,536,948
87$9,085,374$2,727,373$1,775,958$8,151,724
88$9,900,657$2,749,589$1,724,027$8,825,521
89$10,795,588$2,769,383$1,666,847$9,564,291
90$11,778,182$2,786,526$1,604,130$10,374,593
91$12,857,266$2,800,776$1,535,578$11,263,656
92$14,042,565$2,811,871$1,460,877$12,239,445
93$15,344,790$2,819,536$1,379,700$13,310,737
94$16,775,744$2,823,479$1,291,705$14,487,206
95$18,348,427$2,823,386$1,196,534$15,779,514
96$20,077,163$2,818,929$1,093,814$17,199,408
97$21,977,731$2,809,754$983,155$18,759,836
98$24,067,518$2,795,490$864,149$20,475,067
99$26,365,676$2,775,741$736,370$22,360,828
100$28,893,310$2,750,087$599,373$24,434,448