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%15.6%
1 years$167,636$166,142$164,685$163,264$161,875$158,154
2 years$82,988$81,442$79,944$78,492$77,083$73,356
3 years$54,776$53,223$51,729$50,291$48,905$45,286
4 years$40,672$39,125$37,646$36,232$34,879$31,398
5 years$32,213$30,674$29,215$27,829$26,515$23,180
6 years$26,575$25,048$23,610$22,255$20,980$17,796
7 years$22,549$21,035$19,620$18,297$17,063$14,029
8 years$19,531$18,031$16,639$15,349$14,155$11,271
9 years$17,185$15,699$14,331$13,074$11,921$9,184
10 years$15,310$13,838$12,494$11,270$10,157$7,564
11 years$13,776$12,319$11,000$9,808$8,735$6,284
12 years$12,499$11,057$9,762$8,603$7,570$5,255
13 years$11,419$9,992$8,722$7,595$6,601$4,419
14 years$10,494$9,083$7,837$6,742$5,786$3,732
15 years$9,694$8,297$7,075$6,013$5,095$3,164
16 years$8,994$7,613$6,415$5,384$4,503$2,690
17 years$8,377$7,011$5,837$4,837$3,993$2,294
18 years$7,829$6,478$5,329$4,359$3,550$1,960
19 years$7,339$6,004$4,878$3,939$3,164$1,677
20 years$6,899$5,579$4,477$3,568$2,826$1,438
21 years$6,502$5,197$4,118$3,238$2,529$1,234
22 years$6,141$4,851$3,795$2,944$2,267$1,060
23 years$5,812$4,537$3,504$2,681$2,035$912
24 years$5,510$4,251$3,241$2,445$1,829$785
25 years$5,234$3,989$3,002$2,233$1,646$676
26 years$4,979$3,749$2,784$2,042$1,483$583
27 years$4,743$3,529$2,585$1,869$1,337$502
28 years$4,524$3,325$2,403$1,712$1,206$433
29 years$4,321$3,137$2,236$1,570$1,089$374
30 years$4,132$2,962$2,083$1,441$984$323
31 years$3,956$2,800$1,942$1,324$890$279
32 years$3,790$2,650$1,812$1,216$805$241
33 years$3,635$2,509$1,692$1,119$728$208
34 years$3,490$2,378$1,581$1,029$659$180
35 years$3,353$2,256$1,478$947$597$155
36 years$3,224$2,141$1,383$873$541$134
37 years$3,102$2,034$1,294$804$490$116
38 years$2,987$1,933$1,212$741$445$100
39 years$2,878$1,838$1,135$683$403$87
40 years$2,775$1,748$1,064$630$366$75
41 years$2,677$1,664$998$581$332$65
42 years$2,584$1,585$936$537$301$56
43 years$2,496$1,510$878$495$273$49
44 years$2,412$1,440$824$457$248$42
45 years$2,332$1,373$774$422$225$36
46 years$2,255$1,310$727$390$204$31
47 years$2,182$1,250$683$360$186$27
48 years$2,113$1,193$642$333$169$23
49 years$2,046$1,139$603$308$153$20
50 years$1,982$1,088$567$285$139$18

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 $4,358 every year, while hoping to spend $37,489 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: 53/17/30 Blend
68$2,030,000$2,030,000$2,030,000$2,030,000
69$2,241,555$2,133,965$2,102,500$2,341,307
70$2,430,306$2,198,642$2,133,046$2,475,769
71$2,637,053$2,265,231$2,163,359$2,617,885
72$2,863,591$2,333,786$2,193,391$2,771,828
73$3,111,900$2,404,364$2,223,092$2,938,748
74$3,384,158$2,477,022$2,252,409$3,119,909
75$3,682,763$2,551,817$2,281,286$3,316,707
76$4,010,359$2,628,810$2,309,663$3,530,677
77$4,369,856$2,708,062$2,337,477$3,763,512
78$4,764,461$2,789,637$2,364,662$4,017,073
79$5,197,705$2,873,598$2,391,147$4,293,415
80$5,673,479$2,960,012$2,416,859$4,594,798
81$6,196,068$3,048,948$2,441,718$4,923,713
82$6,770,195$3,140,473$2,465,643$5,282,905
83$7,401,059$3,234,661$2,488,546$5,675,398
84$8,094,391$3,331,583$2,510,337$6,104,522
85$8,856,503$3,431,315$2,530,917$6,573,948
86$9,694,350$3,533,933$2,550,187$7,087,720
87$10,615,593$3,639,516$2,568,038$7,650,294
88$11,628,675$3,748,143$2,584,358$8,266,580
89$12,742,895$3,859,898$2,599,029$8,941,989
90$13,968,501$3,974,863$2,611,927$9,682,481
91$15,316,782$4,093,125$2,622,920$10,494,625
92$16,800,177$4,214,772$2,631,872$11,385,660
93$18,432,393$4,339,894$2,638,638$12,363,563
94$20,228,531$4,468,583$2,643,066$13,437,124
95$22,205,231$4,600,932$2,644,998$14,616,027
96$24,380,825$4,737,039$2,644,266$15,910,947
97$26,775,516$4,877,000$2,640,696$17,333,646
98$29,411,562$5,020,917$2,634,103$18,897,086
99$32,313,491$5,168,891$2,624,295$20,615,551
100$35,508,328$5,321,028$2,611,069$22,504,781