Can I retire at age 69 with 2,070,000?

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$170,939$169,416$167,930$166,481$165,065$159,018
2 years$84,623$83,047$81,520$80,039$78,602$72,578
3 years$55,855$54,272$52,749$51,282$49,868$44,056
4 years$41,474$39,896$38,387$36,945$35,567$30,010
5 years$32,847$31,279$29,790$28,378$27,037$21,751
6 years$27,098$25,541$24,075$22,694$21,394$16,381
7 years$22,993$21,450$20,006$18,658$17,399$12,659
8 years$19,916$18,386$16,967$15,652$14,434$9,963
9 years$17,524$16,009$14,614$13,332$12,155$7,947
10 years$15,611$14,111$12,741$11,492$10,357$6,404
11 years$14,047$12,562$11,217$10,002$8,907$5,201
12 years$12,745$11,275$9,954$8,773$7,719$4,250
13 years$11,644$10,189$8,894$7,745$6,731$3,490
14 years$10,701$9,262$7,991$6,875$5,900$2,878
15 years$9,885$8,461$7,215$6,131$5,195$2,380
16 years$9,171$7,763$6,541$5,490$4,592$1,973
17 years$8,542$7,149$5,952$4,933$4,071$1,640
18 years$7,983$6,606$5,434$4,445$3,620$1,365
19 years$7,484$6,122$4,974$4,017$3,226$1,138
20 years$7,035$5,689$4,565$3,638$2,882$950
21 years$6,630$5,299$4,199$3,302$2,579$793
22 years$6,262$4,947$3,870$3,002$2,312$663
23 years$5,926$4,627$3,573$2,734$2,075$555
24 years$5,619$4,335$3,305$2,494$1,865$465
25 years$5,337$4,068$3,061$2,277$1,678$389
26 years$5,077$3,823$2,839$2,082$1,512$326
27 years$4,836$3,598$2,636$1,906$1,363$273
28 years$4,614$3,391$2,451$1,746$1,230$229
29 years$4,407$3,199$2,280$1,601$1,111$192
30 years$4,214$3,021$2,124$1,470$1,003$161
31 years$4,034$2,856$1,980$1,350$907$135
32 years$3,865$2,702$1,848$1,240$821$113
33 years$3,707$2,559$1,725$1,141$743$95
34 years$3,559$2,425$1,612$1,050$672$80
35 years$3,419$2,300$1,507$966$609$67
36 years$3,288$2,183$1,410$890$552$56
37 years$3,164$2,074$1,320$820$500$47
38 years$3,046$1,971$1,236$756$453$40
39 years$2,935$1,874$1,158$697$411$33
40 years$2,830$1,783$1,085$643$373$28
41 years$2,730$1,697$1,017$593$338$23
42 years$2,635$1,616$954$547$307$20
43 years$2,545$1,540$896$505$279$17
44 years$2,459$1,468$841$466$253$14
45 years$2,378$1,400$789$431$230$12
46 years$2,300$1,335$741$398$208$10
47 years$2,225$1,274$697$368$189$8
48 years$2,154$1,217$655$340$172$7
49 years$2,086$1,162$615$314$156$6
50 years$2,021$1,110$578$290$142$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,070,000, adding $3,479 every year, while hoping to spend $49,892 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: 70/17/13 Blend
68$2,070,000$2,070,000$2,070,000$2,070,000
69$2,284,729$2,175,019$2,142,934$2,437,923
70$2,464,686$2,228,510$2,161,637$2,593,559
71$2,661,327$2,282,950$2,179,295$2,757,470
72$2,876,301$2,338,333$2,195,820$2,935,542
73$3,111,423$2,394,650$2,211,119$3,129,163
74$3,368,692$2,451,892$2,225,095$3,339,861
75$3,650,309$2,510,045$2,237,647$3,569,316
76$3,958,699$2,569,096$2,248,666$3,819,383
77$4,296,530$2,629,026$2,258,041$4,092,103
78$4,666,743$2,689,814$2,265,651$4,389,722
79$5,072,574$2,751,439$2,271,374$4,714,719
80$5,517,589$2,813,872$2,275,078$5,069,821
81$6,005,716$2,877,084$2,276,626$5,458,034
82$6,541,280$2,941,042$2,275,873$5,882,670
83$7,129,045$3,005,708$2,272,669$6,347,378
84$7,774,259$3,071,039$2,266,856$6,856,176
85$8,482,704$3,136,991$2,258,266$7,413,495
86$9,260,748$3,203,511$2,246,726$8,024,214
87$10,115,406$3,270,545$2,232,053$8,693,710
88$11,054,406$3,338,030$2,214,055$9,427,909
89$12,086,261$3,405,899$2,192,531$10,233,340
90$13,220,351$3,474,080$2,167,273$11,117,195
91$14,467,009$3,542,492$2,138,059$12,087,404
92$15,837,619$3,611,049$2,104,659$13,152,700
93$17,344,723$3,679,657$2,066,832$14,322,711
94$19,002,139$3,748,215$2,024,325$15,608,044
95$20,825,092$3,816,611$1,976,874$17,020,387
96$22,830,354$3,884,729$1,924,203$18,572,623
97$25,036,409$3,952,439$1,866,022$20,278,946
98$27,463,617$4,019,603$1,802,028$22,154,999
99$30,134,416$4,086,074$1,731,906$24,218,021
100$33,073,526$4,151,691$1,655,325$26,487,008