Can I retire at age 69 with 2,080,000?

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 $2,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$171,764$170,234$168,742$167,285$165,862$159,597
2 years$85,032$83,448$81,913$80,425$78,982$72,742
3 years$56,125$54,534$53,003$51,529$50,109$44,092
4 years$41,674$40,089$38,573$37,124$35,738$29,989
5 years$33,006$31,430$29,934$28,515$27,168$21,701
6 years$27,229$25,665$24,191$22,803$21,497$16,317
7 years$23,104$21,553$20,103$18,748$17,483$12,588
8 years$20,012$18,475$17,049$15,727$14,504$9,889
9 years$17,609$16,086$14,684$13,396$12,214$7,874
10 years$15,687$14,179$12,802$11,548$10,407$6,333
11 years$14,115$12,623$11,271$10,050$8,950$5,133
12 years$12,807$11,329$10,003$8,815$7,756$4,187
13 years$11,700$10,239$8,937$7,782$6,764$3,431
14 years$10,753$9,307$8,030$6,908$5,929$2,823
15 years$9,932$8,502$7,250$6,161$5,220$2,330
16 years$9,215$7,800$6,573$5,517$4,614$1,927
17 years$8,583$7,184$5,981$4,957$4,091$1,598
18 years$8,022$6,638$5,460$4,467$3,637$1,327
19 years$7,520$6,152$4,998$4,036$3,242$1,104
20 years$7,069$5,717$4,587$3,656$2,896$919
21 years$6,662$5,325$4,219$3,318$2,591$766
22 years$6,292$4,971$3,889$3,016$2,323$639
23 years$5,955$4,649$3,591$2,747$2,085$534
24 years$5,646$4,356$3,321$2,506$1,874$446
25 years$5,363$4,088$3,076$2,288$1,686$372
26 years$5,101$3,842$2,852$2,092$1,519$311
27 years$4,860$3,616$2,649$1,915$1,370$260
28 years$4,636$3,407$2,462$1,755$1,236$218
29 years$4,428$3,214$2,291$1,609$1,116$182
30 years$4,234$3,035$2,134$1,477$1,008$152
31 years$4,053$2,869$1,990$1,356$912$127
32 years$3,884$2,715$1,857$1,246$825$107
33 years$3,725$2,571$1,733$1,146$746$89
34 years$3,576$2,437$1,620$1,055$676$75
35 years$3,436$2,311$1,514$971$612$63
36 years$3,304$2,194$1,417$894$554$52
37 years$3,179$2,084$1,326$824$503$44
38 years$3,061$1,980$1,242$759$456$37
39 years$2,949$1,883$1,163$700$413$31
40 years$2,844$1,791$1,090$646$375$26
41 years$2,743$1,705$1,022$596$340$22
42 years$2,648$1,624$959$550$309$18
43 years$2,558$1,547$900$508$280$15
44 years$2,471$1,475$845$469$254$13
45 years$2,389$1,407$793$433$231$11
46 years$2,311$1,342$745$400$209$9
47 years$2,236$1,280$700$369$190$7
48 years$2,165$1,222$658$341$173$6
49 years$2,096$1,167$618$315$157$5
50 years$2,031$1,115$581$292$143$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,080,000, adding $2,399 every year, while hoping to spend $49,197 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: 68/23/9 Blend
68$2,080,000$2,080,000$2,080,000$2,080,000
69$2,294,635$2,184,395$2,152,155$2,446,512
70$2,476,342$2,239,085$2,171,907$2,602,294
71$2,674,935$2,294,806$2,190,671$2,766,439
72$2,892,083$2,351,556$2,208,364$2,944,641
73$3,129,626$2,409,333$2,224,895$3,138,271
74$3,389,589$2,468,132$2,240,170$3,348,835
75$3,674,202$2,527,944$2,254,090$3,577,994
76$3,985,919$2,588,763$2,266,551$3,827,576
77$4,327,446$2,650,575$2,277,443$4,099,596
78$4,701,760$2,713,367$2,286,652$4,396,269
79$5,112,140$2,777,123$2,294,055$4,720,040
80$5,562,200$2,841,823$2,299,527$5,073,598
81$6,055,917$2,907,445$2,302,934$5,459,907
82$6,597,674$2,973,964$2,304,136$5,882,233
83$7,192,298$3,041,349$2,302,986$6,344,171
84$7,845,105$3,109,569$2,299,329$6,849,685
85$8,561,954$3,178,586$2,293,005$7,403,139
86$9,349,296$3,248,359$2,283,843$8,009,343
87$10,214,239$3,318,843$2,271,666$8,673,596
88$11,164,611$3,389,986$2,256,287$9,401,736
89$12,209,041$3,461,735$2,237,512$10,200,195
90$13,357,030$3,534,026$2,215,135$11,076,061
91$14,619,047$3,606,794$2,188,943$12,037,143
92$16,006,628$3,679,965$2,158,711$13,092,047
93$17,532,480$3,753,460$2,124,203$14,250,255
94$19,210,604$3,827,190$2,085,175$15,522,214
95$21,056,426$3,901,062$2,041,368$16,919,437
96$23,086,941$3,974,974$1,992,514$18,454,612
97$25,320,875$4,048,814$1,938,330$20,141,718
98$27,778,861$4,122,463$1,878,521$21,996,159
99$30,483,633$4,195,792$1,812,779$24,034,912
100$33,460,238$4,268,660$1,740,782$26,276,684