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

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 $2,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$165,984$164,505$163,063$161,655$160,280$159,203
2 years$82,170$80,640$79,157$77,719$76,324$75,238
3 years$54,236$52,699$51,220$49,795$48,423$47,361
4 years$40,272$38,739$37,275$35,875$34,536$33,507
5 years$31,895$30,372$28,927$27,555$26,253$25,260
6 years$26,313$24,801$23,377$22,036$20,773$19,817
7 years$22,327$20,828$19,427$18,117$16,894$15,975
8 years$19,339$17,853$16,475$15,198$14,016$13,134
9 years$17,016$15,545$14,190$12,945$11,803$10,959
10 years$15,159$13,702$12,371$11,159$10,057$9,249
11 years$13,640$12,198$10,891$9,712$8,649$7,878
12 years$12,376$10,948$9,666$8,518$7,495$6,759
13 years$11,307$9,894$8,636$7,520$6,536$5,835
14 years$10,391$8,993$7,759$6,676$5,729$5,062
15 years$9,598$8,216$7,006$5,954$5,045$4,410
16 years$8,905$7,538$6,352$5,331$4,458$3,856
17 years$8,294$6,942$5,780$4,790$3,953$3,382
18 years$7,752$6,415$5,276$4,317$3,515$2,974
19 years$7,267$5,945$4,830$3,900$3,133$2,621
20 years$6,831$5,524$4,433$3,533$2,798$2,314
21 years$6,438$5,146$4,077$3,206$2,504$2,047
22 years$6,080$4,803$3,758$2,915$2,245$1,813
23 years$5,754$4,492$3,470$2,655$2,015$1,608
24 years$5,456$4,209$3,209$2,421$1,811$1,428
25 years$5,182$3,950$2,972$2,211$1,630$1,270
26 years$4,930$3,712$2,756$2,022$1,468$1,130
27 years$4,696$3,494$2,560$1,851$1,324$1,006
28 years$4,480$3,292$2,380$1,696$1,194$896
29 years$4,279$3,106$2,214$1,555$1,078$799
30 years$4,091$2,933$2,063$1,427$974$713
31 years$3,917$2,773$1,923$1,311$881$636
32 years$3,753$2,624$1,794$1,204$797$568
33 years$3,600$2,485$1,675$1,108$721$507
34 years$3,456$2,355$1,565$1,019$653$453
35 years$3,320$2,234$1,463$938$591$405
36 years$3,192$2,120$1,369$864$536$362
37 years$3,072$2,013$1,281$796$486$324
38 years$2,958$1,914$1,200$734$440$290
39 years$2,850$1,820$1,124$677$399$259
40 years$2,748$1,731$1,054$624$362$232
41 years$2,651$1,648$988$576$329$208
42 years$2,559$1,569$927$531$298$186
43 years$2,471$1,495$870$490$271$166
44 years$2,388$1,425$816$453$246$149
45 years$2,309$1,359$766$418$223$133
46 years$2,233$1,297$720$386$202$119
47 years$2,161$1,237$676$357$184$107
48 years$2,092$1,181$636$330$167$96
49 years$2,026$1,128$597$305$152$86
50 years$1,962$1,078$562$282$138$77

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 $3,566 every year, while hoping to spend $52,153 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: 82/11/7 Blend
68$2,010,000$2,010,000$2,010,000$2,010,000
69$2,218,698$2,112,168$2,081,013$2,398,842
70$2,389,515$2,160,174$2,095,237$2,565,174
71$2,576,007$2,208,784$2,108,189$2,740,402
72$2,779,719$2,257,973$2,119,772$2,931,162
73$3,002,349$2,307,713$2,129,883$3,138,981
74$3,245,769$2,357,971$2,138,415$3,365,537
75$3,512,039$2,408,714$2,145,253$3,612,680
76$3,803,428$2,459,901$2,150,280$3,882,447
77$4,122,432$2,511,491$2,153,369$4,177,081
78$4,471,804$2,563,438$2,154,390$4,499,053
79$4,854,571$2,615,689$2,153,206$4,851,085
80$5,274,069$2,668,190$2,149,670$5,236,175
81$5,733,973$2,720,881$2,143,633$5,657,623
82$6,238,329$2,773,694$2,134,935$6,119,068
83$6,791,593$2,826,559$2,123,410$6,624,518
84$7,398,673$2,879,399$2,108,882$7,178,385
85$8,064,978$2,932,129$2,091,170$7,785,534
86$8,796,462$2,984,660$2,070,080$8,451,323
87$9,599,687$3,036,894$2,045,413$9,181,654
88$10,481,879$3,088,726$2,016,959$9,983,031
89$11,451,000$3,140,043$1,984,496$10,862,620
90$12,515,820$3,190,723$1,947,795$11,828,315
91$13,686,002$3,240,637$1,906,615$12,888,815
92$14,972,190$3,289,644$1,860,702$14,053,706
93$16,386,110$3,337,594$1,809,793$15,333,547
94$17,940,684$3,384,326$1,753,611$16,739,975
95$19,650,144$3,429,668$1,691,867$18,285,814
96$21,530,174$3,473,437$1,624,260$19,985,190
97$23,598,052$3,515,436$1,550,473$21,853,673
98$25,872,816$3,555,455$1,470,176$23,908,418
99$28,375,439$3,593,268$1,383,024$26,168,328
100$31,129,034$3,628,638$1,288,655$28,654,233