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

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 $2,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$167,636$166,142$164,685$163,264$161,875$161,057
2 years$82,988$81,442$79,944$78,492$77,083$76,258
3 years$54,776$53,223$51,729$50,291$48,905$48,098
4 years$40,672$39,125$37,646$36,232$34,879$34,096
5 years$32,213$30,674$29,215$27,829$26,515$25,758
6 years$26,575$25,048$23,610$22,255$20,980$20,251
7 years$22,549$21,035$19,620$18,297$17,063$16,362
8 years$19,531$18,031$16,639$15,349$14,155$13,482
9 years$17,185$15,699$14,331$13,074$11,921$11,275
10 years$15,310$13,838$12,494$11,270$10,157$9,539
11 years$13,776$12,319$11,000$9,808$8,735$8,145
12 years$12,499$11,057$9,762$8,603$7,570$7,006
13 years$11,419$9,992$8,722$7,595$6,601$6,063
14 years$10,494$9,083$7,837$6,742$5,786$5,274
15 years$9,694$8,297$7,075$6,013$5,095$4,607
16 years$8,994$7,613$6,415$5,384$4,503$4,039
17 years$8,377$7,011$5,837$4,837$3,993$3,552
18 years$7,829$6,478$5,329$4,359$3,550$3,132
19 years$7,339$6,004$4,878$3,939$3,164$2,768
20 years$6,899$5,579$4,477$3,568$2,826$2,452
21 years$6,502$5,197$4,118$3,238$2,529$2,175
22 years$6,141$4,851$3,795$2,944$2,267$1,932
23 years$5,812$4,537$3,504$2,681$2,035$1,719
24 years$5,510$4,251$3,241$2,445$1,829$1,531
25 years$5,234$3,989$3,002$2,233$1,646$1,365
26 years$4,979$3,749$2,784$2,042$1,483$1,219
27 years$4,743$3,529$2,585$1,869$1,337$1,088
28 years$4,524$3,325$2,403$1,712$1,206$973
29 years$4,321$3,137$2,236$1,570$1,089$870
30 years$4,132$2,962$2,083$1,441$984$779
31 years$3,956$2,800$1,942$1,324$890$697
32 years$3,790$2,650$1,812$1,216$805$625
33 years$3,635$2,509$1,692$1,119$728$560
34 years$3,490$2,378$1,581$1,029$659$502
35 years$3,353$2,256$1,478$947$597$450
36 years$3,224$2,141$1,383$873$541$404
37 years$3,102$2,034$1,294$804$490$362
38 years$2,987$1,933$1,212$741$445$325
39 years$2,878$1,838$1,135$683$403$292
40 years$2,775$1,748$1,064$630$366$262
41 years$2,677$1,664$998$581$332$235
42 years$2,584$1,585$936$537$301$211
43 years$2,496$1,510$878$495$273$190
44 years$2,412$1,440$824$457$248$170
45 years$2,332$1,373$774$422$225$153
46 years$2,255$1,310$727$390$204$138
47 years$2,182$1,250$683$360$186$124
48 years$2,113$1,193$642$333$169$111
49 years$2,046$1,139$603$308$153$100
50 years$1,982$1,088$567$285$139$90

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 $4,026 every year, while hoping to spend $33,409 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: 59/22/19 Blend
68$2,030,000$2,030,000$2,030,000$2,030,000
69$2,241,213$2,133,623$2,102,158$2,362,058
70$2,434,270$2,202,623$2,137,033$2,513,422
71$2,645,898$2,273,885$2,171,957$2,674,409
72$2,877,958$2,347,484$2,206,896$2,849,225
73$3,132,497$2,423,498$2,241,814$3,039,212
74$3,411,770$2,502,007$2,276,673$3,245,848
75$3,718,261$2,583,096$2,311,432$3,470,760
76$4,054,706$2,666,851$2,346,048$3,715,737
77$4,424,121$2,753,360$2,380,475$3,982,752
78$4,829,824$2,842,718$2,414,663$4,273,975
79$5,275,474$2,935,019$2,448,562$4,591,797
80$5,765,100$3,030,363$2,482,117$4,938,849
81$6,303,141$3,128,851$2,515,269$5,318,029
82$6,894,487$3,230,591$2,547,956$5,732,530
83$7,544,526$3,335,691$2,580,114$6,185,868
84$8,259,193$3,444,265$2,611,673$6,681,914
85$9,045,027$3,556,431$2,642,561$7,224,932
86$9,909,234$3,672,310$2,672,700$7,819,621
87$10,859,751$3,792,028$2,702,011$8,471,154
88$11,905,323$3,915,715$2,730,405$9,185,231
89$13,055,586$4,043,506$2,757,795$9,968,131
90$14,321,158$4,175,540$2,784,083$10,826,769
91$15,713,737$4,311,961$2,809,170$11,768,766
92$17,246,210$4,452,920$2,832,950$12,802,516
93$18,932,781$4,598,570$2,855,311$13,937,266
94$20,789,097$4,749,072$2,876,136$15,183,204
95$22,832,400$4,904,592$2,895,302$16,551,556
96$25,081,688$5,065,300$2,912,678$18,054,686
97$27,557,896$5,231,376$2,928,128$19,706,222
98$30,284,091$5,403,002$2,941,509$21,521,175
99$33,285,688$5,580,370$2,952,671$23,516,084
100$36,590,696$5,763,676$2,961,453$25,709,175