Can I retire at age 69 with 2,090,000?

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$172,590$171,053$169,553$168,089$166,660$163,295
2 years$85,441$83,849$82,307$80,812$79,362$75,986
3 years$56,395$54,797$53,258$51,777$50,350$47,070
4 years$41,874$40,281$38,758$37,302$35,910$32,750
5 years$33,165$31,581$30,078$28,652$27,298$24,267
6 years$27,360$25,788$24,308$22,913$21,600$18,701
7 years$23,215$21,657$20,200$18,838$17,567$14,801
8 years$20,108$18,564$17,131$15,803$14,573$11,940
9 years$17,693$16,163$14,755$13,461$12,273$9,770
10 years$15,762$14,247$12,864$11,603$10,457$8,082
11 years$14,183$12,683$11,325$10,098$8,993$6,743
12 years$12,868$11,384$10,051$8,857$7,794$5,665
13 years$11,757$10,288$8,980$7,820$6,796$4,786
14 years$10,804$9,351$8,068$6,942$5,957$4,062
15 years$9,980$8,543$7,284$6,191$5,245$3,460
16 years$9,259$7,838$6,604$5,543$4,636$2,957
17 years$8,624$7,218$6,010$4,980$4,111$2,534
18 years$8,060$6,670$5,486$4,488$3,655$2,176
19 years$7,556$6,182$5,022$4,056$3,258$1,872
20 years$7,103$5,744$4,609$3,673$2,910$1,613
21 years$6,694$5,351$4,240$3,334$2,604$1,392
22 years$6,322$4,995$3,907$3,031$2,334$1,202
23 years$5,983$4,671$3,608$2,760$2,095$1,040
24 years$5,673$4,377$3,337$2,518$1,883$900
25 years$5,388$4,107$3,090$2,299$1,695$780
26 years$5,126$3,860$2,866$2,102$1,526$676
27 years$4,883$3,633$2,662$1,924$1,376$586
28 years$4,658$3,423$2,474$1,763$1,242$508
29 years$4,449$3,229$2,302$1,617$1,121$441
30 years$4,254$3,050$2,145$1,484$1,013$383
31 years$4,072$2,883$1,999$1,363$916$333
32 years$3,902$2,728$1,865$1,252$829$289
33 years$3,743$2,584$1,742$1,152$750$251
34 years$3,593$2,449$1,627$1,060$679$218
35 years$3,452$2,322$1,522$975$615$190
36 years$3,319$2,204$1,423$898$557$165
37 years$3,194$2,094$1,332$828$505$144
38 years$3,076$1,990$1,248$763$458$125
39 years$2,964$1,892$1,169$703$415$109
40 years$2,857$1,800$1,096$649$377$94
41 years$2,757$1,714$1,027$599$342$82
42 years$2,661$1,632$964$552$310$71
43 years$2,570$1,555$904$510$281$62
44 years$2,483$1,482$849$471$255$54
45 years$2,401$1,413$797$435$232$47
46 years$2,322$1,348$749$402$210$41
47 years$2,247$1,287$703$371$191$36
48 years$2,175$1,228$661$343$174$31
49 years$2,106$1,173$621$317$158$27
50 years$2,041$1,120$584$293$143$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,090,000, adding $4,318 every year, while hoping to spend $49,843 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: 46/43/11 Blend
68$2,090,000$2,090,000$2,090,000$2,090,000
69$2,307,634$2,196,864$2,164,469$2,406,474
70$2,489,980$2,251,478$2,183,946$2,529,878
71$2,689,255$2,307,097$2,202,405$2,658,201
72$2,907,133$2,363,719$2,219,760$2,796,284
73$3,145,457$2,421,337$2,235,918$2,945,050
74$3,406,256$2,479,946$2,250,784$3,105,512
75$3,691,766$2,539,535$2,264,257$3,278,789
76$4,004,447$2,600,093$2,276,231$3,466,110
77$4,347,010$2,661,606$2,286,593$3,668,831
78$4,722,438$2,724,058$2,295,227$3,888,444
79$5,134,019$2,787,429$2,302,010$4,126,592
80$5,585,373$2,851,697$2,306,811$4,385,085
81$6,080,487$2,916,836$2,309,495$4,665,919
82$6,623,752$2,982,818$2,309,919$4,971,290
83$7,220,008$3,049,608$2,307,934$5,303,619
84$7,874,581$3,117,172$2,303,383$5,665,573
85$8,593,342$3,185,467$2,296,099$6,060,090
86$9,382,756$3,254,448$2,285,912$6,490,408
87$10,249,947$3,324,066$2,272,640$6,960,094
88$11,202,761$3,394,264$2,256,093$7,473,081
89$12,249,843$3,464,983$2,236,072$8,033,700
90$13,400,715$3,536,156$2,212,369$8,646,725
91$14,665,870$3,607,710$2,184,766$9,317,418
92$16,056,867$3,679,566$2,153,033$10,051,577
93$17,586,441$3,751,638$2,116,933$10,855,591
94$19,268,622$3,823,832$2,076,214$11,736,502
95$21,118,869$3,896,047$2,030,615$12,702,071
96$23,154,214$3,968,174$1,979,861$13,760,852
97$25,393,422$4,040,093$1,923,665$14,922,272
98$27,857,170$4,111,676$1,861,727$16,196,719
99$30,568,240$4,182,787$1,793,733$17,595,646
100$33,551,732$4,253,275$1,719,355$19,131,672