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

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 $2,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$170,113$168,598$167,119$165,676$164,267$161,148
2 years$84,214$82,646$81,126$79,652$78,223$75,092
3 years$55,585$54,010$52,494$51,034$49,628$46,584
4 years$41,273$39,703$38,202$36,767$35,395$32,461
5 years$32,689$31,128$29,646$28,241$26,907$24,091
6 years$26,967$25,418$23,959$22,584$21,290$18,596
7 years$22,882$21,346$19,910$18,568$17,315$14,742
8 years$19,820$18,298$16,885$15,576$14,364$11,913
9 years$17,439$15,931$14,543$13,267$12,097$9,765
10 years$15,536$14,043$12,679$11,437$10,307$8,093
11 years$13,980$12,501$11,162$9,953$8,864$6,766
12 years$12,684$11,221$9,906$8,730$7,682$5,695
13 years$11,588$10,140$8,851$7,708$6,699$4,821
14 years$10,649$9,217$7,952$6,842$5,872$4,100
15 years$9,837$8,420$7,180$6,102$5,170$3,500
16 years$9,127$7,725$6,510$5,463$4,569$2,997
17 years$8,501$7,115$5,924$4,909$4,052$2,573
18 years$7,945$6,574$5,407$4,424$3,602$2,215
19 years$7,448$6,093$4,950$3,997$3,211$1,910
20 years$7,001$5,662$4,543$3,620$2,868$1,649
21 years$6,598$5,274$4,179$3,286$2,567$1,426
22 years$6,231$4,923$3,851$2,987$2,301$1,235
23 years$5,897$4,604$3,556$2,721$2,065$1,071
24 years$5,592$4,314$3,289$2,481$1,856$929
25 years$5,311$4,048$3,046$2,266$1,670$806
26 years$5,052$3,805$2,825$2,072$1,505$701
27 years$4,813$3,581$2,623$1,897$1,356$609
28 years$4,591$3,374$2,439$1,738$1,224$530
29 years$4,385$3,183$2,269$1,594$1,105$461
30 years$4,193$3,006$2,114$1,462$999$401
31 years$4,014$2,842$1,971$1,343$903$349
32 years$3,846$2,689$1,839$1,234$817$304
33 years$3,689$2,546$1,717$1,135$739$265
34 years$3,542$2,413$1,604$1,044$669$231
35 years$3,403$2,289$1,500$961$606$201
36 years$3,272$2,173$1,403$885$549$175
37 years$3,148$2,064$1,313$816$498$153
38 years$3,032$1,961$1,230$752$451$133
39 years$2,921$1,865$1,152$693$409$116
40 years$2,816$1,774$1,080$640$371$101
41 years$2,717$1,689$1,013$590$337$88
42 years$2,623$1,608$950$545$306$77
43 years$2,533$1,533$891$503$277$67
44 years$2,448$1,461$837$464$252$59
45 years$2,366$1,393$786$429$228$51
46 years$2,289$1,329$738$396$207$45
47 years$2,215$1,268$693$366$188$39
48 years$2,144$1,211$651$338$171$34
49 years$2,076$1,156$612$312$155$30
50 years$2,011$1,104$576$289$141$26

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 $2,387 every year, while hoping to spend $24,810 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: 65/8/27 Blend
68$2,060,000$2,060,000$2,060,000$2,060,000
69$2,272,582$2,163,402$2,131,472$2,403,985
70$2,477,988$2,243,011$2,176,479$2,572,644
71$2,703,514$2,325,690$2,222,162$2,753,940
72$2,951,185$2,411,562$2,268,517$2,951,557
73$3,223,234$2,500,756$2,315,541$3,167,103
74$3,522,120$2,593,409$2,363,227$3,402,349
75$3,850,551$2,689,661$2,411,570$3,659,246
76$4,211,510$2,789,657$2,460,561$3,939,940
77$4,608,286$2,893,553$2,510,191$4,246,798
78$5,044,500$3,001,505$2,560,452$4,582,424
79$5,524,142$3,113,682$2,611,330$4,949,688
80$6,051,608$3,230,256$2,662,813$5,351,748
81$6,631,742$3,351,409$2,714,887$5,792,086
82$7,269,880$3,477,328$2,767,536$6,274,535
83$7,971,901$3,608,211$2,820,742$6,803,319
84$8,744,284$3,744,262$2,874,486$7,383,091
85$9,594,167$3,885,697$2,928,747$8,018,974
86$10,529,414$4,032,738$2,983,502$8,716,615
87$11,558,690$4,185,618$3,038,725$9,482,233
88$12,691,543$4,344,580$3,094,390$10,322,680
89$13,938,495$4,509,878$3,150,465$11,245,506
90$15,311,136$4,681,777$3,206,921$12,259,027
91$16,822,241$4,860,553$3,263,722$13,372,407
92$18,485,883$5,046,494$3,320,830$14,595,740
93$20,317,572$5,239,901$3,378,206$15,940,151
94$22,334,396$5,441,088$3,435,808$17,417,893
95$24,555,185$5,650,382$3,493,589$19,042,471
96$27,000,690$5,868,127$3,551,500$20,828,762
97$29,693,774$6,094,678$3,609,489$22,793,160
98$32,659,631$6,330,410$3,667,499$24,953,725
99$35,926,024$6,575,711$3,725,471$27,330,362
100$39,523,545$6,830,987$3,783,341$29,945,000