Can I retire at age 69 with 2,040,000?

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 $2,040,000?

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$168,461$166,961$165,497$164,068$162,672$161,108
2 years$83,397$81,843$80,338$78,879$77,463$75,887
3 years$55,046$53,486$51,984$50,538$49,146$47,607
4 years$40,873$39,318$37,831$36,410$35,051$33,561
5 years$32,371$30,825$29,359$27,966$26,645$25,209
6 years$26,705$25,171$23,726$22,365$21,084$19,703
7 years$22,660$21,139$19,716$18,387$17,147$15,822
8 years$19,627$18,120$16,721$15,425$14,225$12,956
9 years$17,270$15,777$14,402$13,138$11,979$10,766
10 years$15,385$13,906$12,556$11,326$10,207$9,048
11 years$13,844$12,380$11,054$9,857$8,778$7,674
12 years$12,560$11,112$9,810$8,646$7,607$6,555
13 years$11,475$10,042$8,765$7,633$6,634$5,633
14 years$10,546$9,128$7,875$6,775$5,815$4,865
15 years$9,741$8,338$7,110$6,043$5,120$4,218
16 years$9,038$7,650$6,446$5,410$4,525$3,671
17 years$8,418$7,045$5,866$4,861$4,012$3,204
18 years$7,867$6,510$5,355$4,381$3,567$2,803
19 years$7,376$6,034$4,902$3,959$3,180$2,458
20 years$6,933$5,607$4,499$3,585$2,840$2,159
21 years$6,534$5,223$4,138$3,254$2,542$1,900
22 years$6,171$4,875$3,814$2,958$2,278$1,675
23 years$5,840$4,560$3,522$2,694$2,045$1,477
24 years$5,538$4,272$3,257$2,457$1,838$1,305
25 years$5,259$4,009$3,016$2,244$1,654$1,154
26 years$5,003$3,768$2,798$2,052$1,490$1,021
27 years$4,766$3,546$2,598$1,878$1,343$904
28 years$4,547$3,341$2,415$1,721$1,212$801
29 years$4,343$3,152$2,247$1,578$1,094$710
30 years$4,153$2,977$2,093$1,448$989$630
31 years$3,975$2,814$1,952$1,330$894$559
32 years$3,809$2,663$1,821$1,222$809$496
33 years$3,653$2,522$1,700$1,124$732$441
34 years$3,507$2,390$1,589$1,034$663$391
35 years$3,370$2,267$1,485$952$600$348
36 years$3,240$2,152$1,389$877$544$309
37 years$3,118$2,044$1,300$808$493$275
38 years$3,002$1,942$1,218$745$447$244
39 years$2,893$1,847$1,141$687$405$217
40 years$2,789$1,757$1,069$633$368$193
41 years$2,691$1,673$1,003$584$333$172
42 years$2,597$1,593$941$539$303$153
43 years$2,508$1,518$883$498$275$136
44 years$2,424$1,447$828$460$249$121
45 years$2,343$1,380$778$424$226$108
46 years$2,266$1,316$731$392$205$96
47 years$2,193$1,256$686$362$187$85
48 years$2,123$1,199$645$335$169$76
49 years$2,056$1,145$606$309$154$68
50 years$1,992$1,094$570$286$140$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,040,000, adding $4,873 every year, while hoping to spend $41,505 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: 54/36/10 Blend
68$2,040,000$2,040,000$2,040,000$2,040,000
69$2,253,106$2,144,986$2,113,366$2,368,845
70$2,438,762$2,205,930$2,140,003$2,508,835
71$2,641,964$2,268,468$2,166,141$2,656,180
72$2,864,457$2,332,636$2,191,720$2,815,567
73$3,108,165$2,398,468$2,216,676$2,988,145
74$3,375,204$2,466,000$2,240,941$3,175,181
75$3,667,906$2,535,265$2,264,443$3,378,068
76$3,988,840$2,606,300$2,287,109$3,598,341
77$4,340,833$2,679,140$2,308,859$3,837,688
78$4,727,001$2,753,821$2,329,609$4,097,967
79$5,150,775$2,830,379$2,349,271$4,381,226
80$5,615,936$2,908,849$2,367,753$4,689,717
81$6,126,646$2,989,267$2,384,957$5,025,921
82$6,687,491$3,071,668$2,400,781$5,392,572
83$7,303,525$3,156,090$2,415,117$5,792,677
84$7,980,312$3,242,566$2,427,851$6,229,551
85$8,723,984$3,331,132$2,438,864$6,706,843
86$9,541,296$3,421,822$2,448,031$7,228,573
87$10,439,688$3,514,672$2,455,220$7,799,169
88$11,427,360$3,609,714$2,460,294$8,423,508
89$12,513,343$3,706,983$2,463,106$9,106,963
90$13,707,589$3,806,510$2,463,505$9,855,452
91$15,021,061$3,908,327$2,461,331$10,675,496
92$16,465,840$4,012,465$2,456,415$11,574,276
93$18,055,233$4,118,954$2,448,583$12,559,707
94$19,803,906$4,227,822$2,437,650$13,640,506
95$21,728,015$4,339,096$2,423,422$14,826,278
96$23,845,363$4,452,802$2,405,697$16,127,607
97$26,175,565$4,568,964$2,384,262$17,556,153
98$28,740,233$4,687,604$2,358,896$19,124,762
99$31,563,183$4,808,742$2,329,364$20,847,590
100$34,670,654$4,932,397$2,295,425$22,740,233