Can I retire at age 69 with 2,020,000?

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 $2,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$166,810$165,324$163,874$162,459$161,078$158,019
2 years$82,579$81,041$79,551$78,105$76,704$73,634
3 years$54,506$52,961$51,474$50,043$48,664$45,679
4 years$40,472$38,932$37,460$36,053$34,708$31,831
5 years$32,054$30,523$29,071$27,692$26,384$23,623
6 years$26,444$24,925$23,493$22,146$20,877$18,235
7 years$22,438$20,932$19,523$18,207$16,978$14,456
8 years$19,435$17,942$16,557$15,274$14,085$11,682
9 years$17,101$15,622$14,261$13,010$11,862$9,576
10 years$15,234$13,770$12,433$11,214$10,107$7,936
11 years$13,708$12,259$10,946$9,760$8,692$6,634
12 years$12,437$11,003$9,714$8,561$7,533$5,585
13 years$11,363$9,943$8,679$7,558$6,569$4,727
14 years$10,443$9,038$7,798$6,709$5,758$4,020
15 years$9,646$8,256$7,040$5,983$5,070$3,432
16 years$8,949$7,575$6,383$5,357$4,481$2,939
17 years$8,335$6,976$5,808$4,814$3,973$2,524
18 years$7,790$6,447$5,302$4,338$3,532$2,172
19 years$7,303$5,975$4,854$3,920$3,149$1,873
20 years$6,865$5,552$4,455$3,550$2,812$1,617
21 years$6,470$5,171$4,098$3,222$2,517$1,399
22 years$6,110$4,827$3,777$2,929$2,256$1,211
23 years$5,783$4,515$3,487$2,668$2,025$1,050
24 years$5,483$4,230$3,225$2,433$1,820$911
25 years$5,208$3,970$2,987$2,222$1,638$791
26 years$4,954$3,731$2,770$2,032$1,475$687
27 years$4,720$3,511$2,572$1,860$1,330$597
28 years$4,502$3,309$2,391$1,704$1,200$519
29 years$4,300$3,121$2,225$1,563$1,084$452
30 years$4,112$2,948$2,073$1,434$979$393
31 years$3,936$2,787$1,932$1,317$885$343
32 years$3,772$2,637$1,803$1,210$801$298
33 years$3,618$2,497$1,683$1,113$725$260
34 years$3,473$2,367$1,573$1,024$656$226
35 years$3,337$2,245$1,471$943$594$197
36 years$3,208$2,131$1,376$868$538$172
37 years$3,087$2,023$1,288$800$488$150
38 years$2,973$1,923$1,206$737$442$131
39 years$2,864$1,829$1,130$680$401$114
40 years$2,762$1,740$1,059$627$364$99
41 years$2,664$1,656$993$579$330$87
42 years$2,572$1,577$931$534$300$76
43 years$2,484$1,503$874$493$272$66
44 years$2,400$1,432$820$455$247$58
45 years$2,320$1,366$770$420$224$50
46 years$2,244$1,303$723$388$203$44
47 years$2,172$1,244$680$359$185$38
48 years$2,102$1,187$639$331$168$33
49 years$2,036$1,134$600$306$152$29
50 years$1,972$1,083$564$283$138$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,020,000, adding $4,167 every year, while hoping to spend $49,870 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: 70/7/23 Blend
68$2,020,000$2,020,000$2,020,000$2,020,000
69$2,230,338$2,123,278$2,091,968$2,373,312
70$2,404,771$2,174,258$2,108,988$2,520,393
71$2,595,325$2,226,063$2,124,906$2,675,112
72$2,803,592$2,278,684$2,139,634$2,843,276
73$3,031,323$2,332,104$2,153,076$3,026,212
74$3,280,448$2,386,308$2,165,135$3,225,386
75$3,553,092$2,441,275$2,175,705$3,442,408
76$3,851,594$2,496,984$2,184,678$3,679,057
77$4,178,530$2,553,409$2,191,937$3,937,290
78$4,536,736$2,610,523$2,197,364$4,219,266
79$4,929,338$2,668,293$2,200,830$4,527,362
80$5,359,775$2,726,684$2,202,202$4,864,197
81$5,831,837$2,785,657$2,201,342$5,232,660
82$6,349,699$2,845,168$2,198,101$5,635,932
83$6,917,958$2,905,171$2,192,327$6,077,521
84$7,541,678$2,965,613$2,183,858$6,561,290
85$8,226,437$3,026,435$2,172,525$7,091,498
86$8,978,380$3,087,577$2,158,151$7,672,840
87$9,804,276$3,148,969$2,140,550$8,310,487
88$10,711,581$3,210,538$2,119,528$9,010,139
89$11,708,511$3,272,203$2,094,880$9,778,081
90$12,804,114$3,333,876$2,066,394$10,621,235
91$14,008,361$3,395,463$2,033,845$11,547,233
92$15,332,235$3,456,862$1,997,000$12,564,485
93$16,787,837$3,517,963$1,955,614$13,682,258
94$18,388,500$3,578,646$1,909,431$14,910,769
95$20,148,913$3,638,785$1,858,182$16,261,276
96$22,085,257$3,698,241$1,801,587$17,746,185
97$24,215,366$3,756,868$1,739,352$19,379,171
98$26,558,884$3,814,505$1,671,171$21,175,305
99$29,137,458$3,870,983$1,596,723$23,151,196
100$31,974,937$3,926,120$1,515,672$25,325,149