Can I retire at age 69 with 2,030,000?

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 $2,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$167,636$166,142$164,685$163,264$161,875$155,637
2 years$82,988$81,442$79,944$78,492$77,083$70,873
3 years$54,776$53,223$51,729$50,291$48,905$42,918
4 years$40,672$39,125$37,646$36,232$34,879$29,161
5 years$32,213$30,674$29,215$27,829$26,515$21,080
6 years$26,575$25,048$23,610$22,255$20,980$15,832
7 years$22,549$21,035$19,620$18,297$17,063$12,200
8 years$19,531$18,031$16,639$15,349$14,155$9,573
9 years$17,185$15,699$14,331$13,074$11,921$7,613
10 years$15,310$13,838$12,494$11,270$10,157$6,115
11 years$13,776$12,319$11,000$9,808$8,735$4,950
12 years$12,499$11,057$9,762$8,603$7,570$4,032
13 years$11,419$9,992$8,722$7,595$6,601$3,300
14 years$10,494$9,083$7,837$6,742$5,786$2,711
15 years$9,694$8,297$7,075$6,013$5,095$2,234
16 years$8,994$7,613$6,415$5,384$4,503$1,846
17 years$8,377$7,011$5,837$4,837$3,993$1,528
18 years$7,829$6,478$5,329$4,359$3,550$1,267
19 years$7,339$6,004$4,878$3,939$3,164$1,052
20 years$6,899$5,579$4,477$3,568$2,826$875
21 years$6,502$5,197$4,118$3,238$2,529$728
22 years$6,141$4,851$3,795$2,944$2,267$607
23 years$5,812$4,537$3,504$2,681$2,035$505
24 years$5,510$4,251$3,241$2,445$1,829$421
25 years$5,234$3,989$3,002$2,233$1,646$352
26 years$4,979$3,749$2,784$2,042$1,483$293
27 years$4,743$3,529$2,585$1,869$1,337$245
28 years$4,524$3,325$2,403$1,712$1,206$205
29 years$4,321$3,137$2,236$1,570$1,089$171
30 years$4,132$2,962$2,083$1,441$984$143
31 years$3,956$2,800$1,942$1,324$890$119
32 years$3,790$2,650$1,812$1,216$805$100
33 years$3,635$2,509$1,692$1,119$728$83
34 years$3,490$2,378$1,581$1,029$659$70
35 years$3,353$2,256$1,478$947$597$58
36 years$3,224$2,141$1,383$873$541$49
37 years$3,102$2,034$1,294$804$490$41
38 years$2,987$1,933$1,212$741$445$34
39 years$2,878$1,838$1,135$683$403$28
40 years$2,775$1,748$1,064$630$366$24
41 years$2,677$1,664$998$581$332$20
42 years$2,584$1,585$936$537$301$17
43 years$2,496$1,510$878$495$273$14
44 years$2,412$1,440$824$457$248$12
45 years$2,332$1,373$774$422$225$10
46 years$2,255$1,310$727$390$204$8
47 years$2,182$1,250$683$360$186$7
48 years$2,113$1,193$642$333$169$6
49 years$2,046$1,139$603$308$153$5
50 years$1,982$1,088$567$285$139$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,030,000, adding $2,602 every year, while hoping to spend $53,914 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: 51/41/8 Blend
68$2,030,000$2,030,000$2,030,000$2,030,000
69$2,239,744$2,132,154$2,100,689$2,349,283
70$2,410,834$2,179,265$2,113,698$2,471,268
71$2,597,568$2,226,878$2,125,336$2,597,791
72$2,801,485$2,274,960$2,135,500$2,734,056
73$3,024,279$2,323,476$2,144,081$2,880,990
74$3,267,814$2,372,386$2,150,967$3,039,615
75$3,534,145$2,421,646$2,156,038$3,211,057
76$3,825,532$2,471,210$2,159,169$3,396,556
77$4,144,463$2,521,027$2,160,229$3,597,478
78$4,493,680$2,571,039$2,159,078$3,815,327
79$4,876,201$2,621,186$2,155,573$4,051,763
80$5,295,351$2,671,402$2,149,563$4,308,613
81$5,754,791$2,721,614$2,140,886$4,587,889
82$6,258,551$2,771,745$2,129,378$4,891,812
83$6,811,073$2,821,710$2,114,862$5,222,826
84$7,417,249$2,871,420$2,097,156$5,583,627
85$8,082,464$2,920,776$2,076,067$5,977,184
86$8,812,655$2,969,673$2,051,394$6,406,771
87$9,614,356$3,017,998$2,022,927$6,875,995
88$10,494,770$3,065,629$1,990,444$7,388,835
89$11,461,829$3,112,437$1,953,716$7,949,672
90$12,524,269$3,158,280$1,912,500$8,563,338
91$13,691,719$3,203,010$1,866,543$9,235,157
92$14,974,783$3,246,466$1,815,580$9,971,001
93$16,385,145$3,288,477$1,759,336$10,777,337
94$17,935,675$3,328,858$1,697,520$11,661,299
95$19,640,556$3,367,414$1,629,829$12,630,747
96$21,515,412$3,403,936$1,555,947$13,694,346
97$23,577,455$3,438,201$1,475,542$14,861,647
98$25,845,653$3,469,970$1,388,270$16,143,179
99$28,340,900$3,498,989$1,293,768$17,550,547
100$31,086,221$3,524,988$1,191,658$19,096,544