Can I retire at age 69 with 2,060,000?

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 $2,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$170,113$168,598$167,119$165,676$164,267$161,016
2 years$84,214$82,646$81,126$79,652$78,223$74,961
3 years$55,585$54,010$52,494$51,034$49,628$46,457
4 years$41,273$39,703$38,202$36,767$35,395$32,340
5 years$32,689$31,128$29,646$28,241$26,907$23,976
6 years$26,967$25,418$23,959$22,584$21,290$18,487
7 years$22,882$21,346$19,910$18,568$17,315$14,640
8 years$19,820$18,298$16,885$15,576$14,364$11,816
9 years$17,439$15,931$14,543$13,267$12,097$9,675
10 years$15,536$14,043$12,679$11,437$10,307$8,008
11 years$13,980$12,501$11,162$9,953$8,864$6,686
12 years$12,684$11,221$9,906$8,730$7,682$5,621
13 years$11,588$10,140$8,851$7,708$6,699$4,752
14 years$10,649$9,217$7,952$6,842$5,872$4,035
15 years$9,837$8,420$7,180$6,102$5,170$3,440
16 years$9,127$7,725$6,510$5,463$4,569$2,942
17 years$8,501$7,115$5,924$4,909$4,052$2,522
18 years$7,945$6,574$5,407$4,424$3,602$2,168
19 years$7,448$6,093$4,950$3,997$3,211$1,866
20 years$7,001$5,662$4,543$3,620$2,868$1,609
21 years$6,598$5,274$4,179$3,286$2,567$1,390
22 years$6,231$4,923$3,851$2,987$2,301$1,202
23 years$5,897$4,604$3,556$2,721$2,065$1,040
24 years$5,592$4,314$3,289$2,481$1,856$901
25 years$5,311$4,048$3,046$2,266$1,670$781
26 years$5,052$3,805$2,825$2,072$1,505$677
27 years$4,813$3,581$2,623$1,897$1,356$588
28 years$4,591$3,374$2,439$1,738$1,224$510
29 years$4,385$3,183$2,269$1,594$1,105$443
30 years$4,193$3,006$2,114$1,462$999$385
31 years$4,014$2,842$1,971$1,343$903$335
32 years$3,846$2,689$1,839$1,234$817$291
33 years$3,689$2,546$1,717$1,135$739$253
34 years$3,542$2,413$1,604$1,044$669$220
35 years$3,403$2,289$1,500$961$606$192
36 years$3,272$2,173$1,403$885$549$167
37 years$3,148$2,064$1,313$816$498$145
38 years$3,032$1,961$1,230$752$451$126
39 years$2,921$1,865$1,152$693$409$110
40 years$2,816$1,774$1,080$640$371$96
41 years$2,717$1,689$1,013$590$337$83
42 years$2,623$1,608$950$545$306$73
43 years$2,533$1,533$891$503$277$63
44 years$2,448$1,461$837$464$252$55
45 years$2,366$1,393$786$429$228$48
46 years$2,289$1,329$738$396$207$42
47 years$2,215$1,268$693$366$188$36
48 years$2,144$1,211$651$338$171$32
49 years$2,076$1,156$612$312$155$28
50 years$2,011$1,104$576$289$141$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,060,000, adding $6,016 every year, while hoping to spend $28,777 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: 45/44/11 Blend
68$2,060,000$2,060,000$2,060,000$2,060,000
69$2,276,326$2,167,146$2,135,216$2,371,398
70$2,477,892$2,242,717$2,176,127$2,513,507
71$2,699,054$2,321,027$2,217,444$2,664,091
72$2,941,780$2,402,180$2,259,150$2,826,728
73$3,208,237$2,486,283$2,301,228$3,002,539
74$3,500,815$2,573,448$2,343,657$3,192,759
75$3,822,144$2,663,792$2,386,415$3,398,744
76$4,175,122$2,757,437$2,429,479$3,621,985
77$4,562,942$2,854,509$2,472,824$3,864,120
78$4,989,121$2,955,139$2,516,423$4,126,950
79$5,457,534$3,059,464$2,560,246$4,412,459
80$5,972,451$3,167,626$2,604,262$4,722,824
81$6,538,574$3,279,773$2,648,438$5,060,442
82$7,161,085$3,396,058$2,692,737$5,427,951
83$7,845,692$3,516,642$2,737,121$5,828,250
84$8,598,686$3,641,691$2,781,548$6,264,530
85$9,426,997$3,771,378$2,825,974$6,740,305
86$10,338,259$3,905,885$2,870,353$7,259,437
87$11,340,887$4,045,398$2,914,635$7,826,180
88$12,444,148$4,190,113$2,958,765$8,445,215
89$13,658,256$4,340,233$3,002,689$9,121,695
90$14,994,464$4,495,971$3,046,346$9,861,290
91$16,465,172$4,657,547$3,089,671$10,670,244
92$18,084,043$4,825,190$3,132,598$11,555,431
93$19,866,130$4,999,139$3,175,055$12,524,418
94$21,828,022$5,179,643$3,216,966$13,585,539
95$23,987,997$5,366,962$3,258,251$14,747,967
96$26,366,195$5,561,365$3,298,824$16,021,806
97$28,984,809$5,763,134$3,338,597$17,418,180
98$31,868,293$5,972,562$3,377,474$18,949,341
99$35,043,594$6,189,952$3,415,354$20,628,782
100$38,540,405$6,415,624$3,452,133$22,471,362