Can I retire at age 69 with 2,010,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,010,000?

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$165,984$164,505$163,063$161,655$160,280$159,538
2 years$82,170$80,640$79,157$77,719$76,324$75,574
3 years$54,236$52,699$51,220$49,795$48,423$47,690
4 years$40,272$38,739$37,275$35,875$34,536$33,824
5 years$31,895$30,372$28,927$27,555$26,253$25,566
6 years$26,313$24,801$23,377$22,036$20,773$20,111
7 years$22,327$20,828$19,427$18,117$16,894$16,257
8 years$19,339$17,853$16,475$15,198$14,016$13,403
9 years$17,016$15,545$14,190$12,945$11,803$11,216
10 years$15,159$13,702$12,371$11,159$10,057$9,495
11 years$13,640$12,198$10,891$9,712$8,649$8,112
12 years$12,376$10,948$9,666$8,518$7,495$6,982
13 years$11,307$9,894$8,636$7,520$6,536$6,046
14 years$10,391$8,993$7,759$6,676$5,729$5,262
15 years$9,598$8,216$7,006$5,954$5,045$4,600
16 years$8,905$7,538$6,352$5,331$4,458$4,036
17 years$8,294$6,942$5,780$4,790$3,953$3,552
18 years$7,752$6,415$5,276$4,317$3,515$3,134
19 years$7,267$5,945$4,830$3,900$3,133$2,772
20 years$6,831$5,524$4,433$3,533$2,798$2,457
21 years$6,438$5,146$4,077$3,206$2,504$2,181
22 years$6,080$4,803$3,758$2,915$2,245$1,939
23 years$5,754$4,492$3,470$2,655$2,015$1,726
24 years$5,456$4,209$3,209$2,421$1,811$1,539
25 years$5,182$3,950$2,972$2,211$1,630$1,373
26 years$4,930$3,712$2,756$2,022$1,468$1,227
27 years$4,696$3,494$2,560$1,851$1,324$1,096
28 years$4,480$3,292$2,380$1,696$1,194$981
29 years$4,279$3,106$2,214$1,555$1,078$878
30 years$4,091$2,933$2,063$1,427$974$786
31 years$3,917$2,773$1,923$1,311$881$705
32 years$3,753$2,624$1,794$1,204$797$632
33 years$3,600$2,485$1,675$1,108$721$567
34 years$3,456$2,355$1,565$1,019$653$508
35 years$3,320$2,234$1,463$938$591$456
36 years$3,192$2,120$1,369$864$536$410
37 years$3,072$2,013$1,281$796$486$368
38 years$2,958$1,914$1,200$734$440$330
39 years$2,850$1,820$1,124$677$399$297
40 years$2,748$1,731$1,054$624$362$267
41 years$2,651$1,648$988$576$329$240
42 years$2,559$1,569$927$531$298$216
43 years$2,471$1,495$870$490$271$194
44 years$2,388$1,425$816$453$246$174
45 years$2,309$1,359$766$418$223$157
46 years$2,233$1,297$720$386$202$141
47 years$2,161$1,237$676$357$184$127
48 years$2,092$1,181$636$330$167$114
49 years$2,026$1,128$597$305$152$102
50 years$1,962$1,078$562$282$138$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,010,000, adding $5,221 every year, while hoping to spend $43,697 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: 74/7/19 Blend
68$2,010,000$2,010,000$2,010,000$2,010,000
69$2,220,405$2,113,875$2,082,720$2,374,432
70$2,400,394$2,170,962$2,105,998$2,534,396
71$2,597,276$2,229,381$2,128,591$2,703,800
72$2,812,730$2,289,153$2,150,431$2,888,305
73$3,048,601$2,350,294$2,171,443$3,089,402
74$3,306,924$2,412,825$2,191,553$3,308,737
75$3,589,939$2,476,761$2,210,678$3,548,121
76$3,900,110$2,542,120$2,228,733$3,809,551
77$4,240,155$2,608,918$2,245,629$4,095,224
78$4,613,065$2,677,169$2,261,272$4,407,563
79$5,022,135$2,746,887$2,275,562$4,749,236
80$5,470,993$2,818,086$2,288,394$5,123,185
81$5,963,639$2,890,776$2,299,659$5,532,647
82$6,504,474$2,964,968$2,309,242$5,981,192
83$7,098,349$3,040,670$2,317,020$6,472,753
84$7,750,608$3,117,890$2,322,868$7,011,663
85$8,467,137$3,196,633$2,326,650$7,602,695
86$9,254,419$3,276,903$2,328,228$8,251,111
87$10,119,599$3,358,700$2,327,452$8,962,707
88$11,070,545$3,442,024$2,324,169$9,743,870
89$12,115,929$3,526,871$2,318,217$10,601,640
90$13,265,302$3,613,236$2,309,426$11,543,771
91$14,529,187$3,701,109$2,297,616$12,578,810
92$15,919,180$3,790,479$2,282,602$13,716,175
93$17,448,055$3,881,331$2,264,188$14,966,244
94$19,129,886$3,973,646$2,242,167$16,340,453
95$20,980,181$4,067,401$2,216,327$17,851,405
96$23,016,026$4,162,570$2,186,440$19,512,987
97$25,256,247$4,259,123$2,152,272$21,340,503
98$27,721,587$4,357,023$2,113,576$23,350,817
99$30,434,902$4,456,229$2,070,094$25,562,515
100$33,421,375$4,556,697$2,021,555$27,996,076