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%12.3%
1 years$167,636$166,142$164,685$163,264$161,875$160,318
2 years$82,988$81,442$79,944$78,492$77,083$75,515
3 years$54,776$53,223$51,729$50,291$48,905$47,373
4 years$40,672$39,125$37,646$36,232$34,879$33,397
5 years$32,213$30,674$29,215$27,829$26,515$25,086
6 years$26,575$25,048$23,610$22,255$20,980$19,606
7 years$22,549$21,035$19,620$18,297$17,063$15,744
8 years$19,531$18,031$16,639$15,349$14,155$12,892
9 years$17,185$15,699$14,331$13,074$11,921$10,713
10 years$15,310$13,838$12,494$11,270$10,157$9,004
11 years$13,776$12,319$11,000$9,808$8,735$7,636
12 years$12,499$11,057$9,762$8,603$7,570$6,523
13 years$11,419$9,992$8,722$7,595$6,601$5,605
14 years$10,494$9,083$7,837$6,742$5,786$4,841
15 years$9,694$8,297$7,075$6,013$5,095$4,198
16 years$8,994$7,613$6,415$5,384$4,503$3,653
17 years$8,377$7,011$5,837$4,837$3,993$3,188
18 years$7,829$6,478$5,329$4,359$3,550$2,789
19 years$7,339$6,004$4,878$3,939$3,164$2,446
20 years$6,899$5,579$4,477$3,568$2,826$2,149
21 years$6,502$5,197$4,118$3,238$2,529$1,891
22 years$6,141$4,851$3,795$2,944$2,267$1,666
23 years$5,812$4,537$3,504$2,681$2,035$1,470
24 years$5,510$4,251$3,241$2,445$1,829$1,299
25 years$5,234$3,989$3,002$2,233$1,646$1,148
26 years$4,979$3,749$2,784$2,042$1,483$1,016
27 years$4,743$3,529$2,585$1,869$1,337$900
28 years$4,524$3,325$2,403$1,712$1,206$797
29 years$4,321$3,137$2,236$1,570$1,089$707
30 years$4,132$2,962$2,083$1,441$984$627
31 years$3,956$2,800$1,942$1,324$890$556
32 years$3,790$2,650$1,812$1,216$805$494
33 years$3,635$2,509$1,692$1,119$728$438
34 years$3,490$2,378$1,581$1,029$659$389
35 years$3,353$2,256$1,478$947$597$346
36 years$3,224$2,141$1,383$873$541$308
37 years$3,102$2,034$1,294$804$490$273
38 years$2,987$1,933$1,212$741$445$243
39 years$2,878$1,838$1,135$683$403$216
40 years$2,775$1,748$1,064$630$366$192
41 years$2,677$1,664$998$581$332$171
42 years$2,584$1,585$936$537$301$152
43 years$2,496$1,510$878$495$273$135
44 years$2,412$1,440$824$457$248$120
45 years$2,332$1,373$774$422$225$107
46 years$2,255$1,310$727$390$204$95
47 years$2,182$1,250$683$360$186$85
48 years$2,113$1,193$642$333$169$76
49 years$2,046$1,139$603$308$153$67
50 years$1,982$1,088$567$285$139$60

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 $4,475 every year, while hoping to spend $30,929 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: 56/16/28 Blend
68$2,030,000$2,030,000$2,030,000$2,030,000
69$2,241,676$2,134,086$2,102,621$2,349,681
70$2,437,419$2,205,748$2,140,151$2,496,156
71$2,652,091$2,279,885$2,177,901$2,652,078
72$2,887,590$2,356,585$2,215,846$2,821,343
73$3,146,007$2,435,941$2,253,960$3,005,248
74$3,429,645$2,518,047$2,292,213$3,205,222
75$3,741,040$2,603,003$2,330,574$3,422,837
76$4,082,988$2,690,912$2,369,010$3,659,827
77$4,458,565$2,781,879$2,407,484$3,918,098
78$4,871,163$2,876,016$2,445,959$4,199,750
79$5,324,518$2,973,437$2,484,395$4,507,097
80$5,822,745$3,074,261$2,522,748$4,842,685
81$6,370,377$3,178,612$2,560,973$5,209,321
82$6,972,410$3,286,618$2,599,019$5,610,093
83$7,634,346$3,398,412$2,636,837$6,048,406
84$8,362,248$3,514,134$2,674,370$6,528,008
85$9,162,796$3,633,925$2,711,560$7,053,029
86$10,043,349$3,757,935$2,748,345$7,628,018
87$11,012,016$3,886,319$2,784,660$8,257,985
88$12,077,731$4,019,238$2,820,435$8,948,451
89$13,250,337$4,156,858$2,855,597$9,705,498
90$14,540,680$4,299,353$2,890,068$10,535,825
91$15,960,711$4,446,902$2,923,767$11,446,814
92$17,523,596$4,599,694$2,956,606$12,446,597
93$19,243,845$4,757,921$2,988,494$13,544,134
94$21,137,444$4,921,786$3,019,336$14,749,297
95$23,222,008$5,091,498$3,049,028$16,072,962
96$25,516,946$5,267,275$3,077,464$17,527,113
97$28,043,647$5,449,343$3,104,531$19,124,954
98$30,825,676$5,637,938$3,130,110$20,881,034
99$33,889,002$5,833,304$3,154,076$22,811,383
100$37,262,239$6,035,694$3,176,296$24,933,663