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%16.8%
1 years$172,590$171,053$169,553$168,089$166,660$162,039
2 years$85,441$83,849$82,307$80,812$79,362$74,741
3 years$56,395$54,797$53,258$51,777$50,350$45,875
4 years$41,874$40,281$38,758$37,302$35,910$31,613
5 years$33,165$31,581$30,078$28,652$27,298$23,192
6 years$27,360$25,788$24,308$22,913$21,600$17,689
7 years$23,215$21,657$20,200$18,838$17,567$13,850
8 years$20,108$18,564$17,131$15,803$14,573$11,049
9 years$17,693$16,163$14,755$13,461$12,273$8,938
10 years$15,762$14,247$12,864$11,603$10,457$7,308
11 years$14,183$12,683$11,325$10,098$8,993$6,024
12 years$12,868$11,384$10,051$8,857$7,794$4,998
13 years$11,757$10,288$8,980$7,820$6,796$4,169
14 years$10,804$9,351$8,068$6,942$5,957$3,493
15 years$9,980$8,543$7,284$6,191$5,245$2,936
16 years$9,259$7,838$6,604$5,543$4,636$2,475
17 years$8,624$7,218$6,010$4,980$4,111$2,092
18 years$8,060$6,670$5,486$4,488$3,655$1,771
19 years$7,556$6,182$5,022$4,056$3,258$1,503
20 years$7,103$5,744$4,609$3,673$2,910$1,276
21 years$6,694$5,351$4,240$3,334$2,604$1,085
22 years$6,322$4,995$3,907$3,031$2,334$924
23 years$5,983$4,671$3,608$2,760$2,095$787
24 years$5,673$4,377$3,337$2,518$1,883$671
25 years$5,388$4,107$3,090$2,299$1,695$573
26 years$5,126$3,860$2,866$2,102$1,526$489
27 years$4,883$3,633$2,662$1,924$1,376$417
28 years$4,658$3,423$2,474$1,763$1,242$357
29 years$4,449$3,229$2,302$1,617$1,121$305
30 years$4,254$3,050$2,145$1,484$1,013$260
31 years$4,072$2,883$1,999$1,363$916$223
32 years$3,902$2,728$1,865$1,252$829$190
33 years$3,743$2,584$1,742$1,152$750$163
34 years$3,593$2,449$1,627$1,060$679$139
35 years$3,452$2,322$1,522$975$615$119
36 years$3,319$2,204$1,423$898$557$102
37 years$3,194$2,094$1,332$828$505$87
38 years$3,076$1,990$1,248$763$458$75
39 years$2,964$1,892$1,169$703$415$64
40 years$2,857$1,800$1,096$649$377$55
41 years$2,757$1,714$1,027$599$342$47
42 years$2,661$1,632$964$552$310$40
43 years$2,570$1,555$904$510$281$34
44 years$2,483$1,482$849$471$255$29
45 years$2,401$1,413$797$435$232$25
46 years$2,322$1,348$749$402$210$22
47 years$2,247$1,287$703$371$191$18
48 years$2,175$1,228$661$343$174$16
49 years$2,106$1,173$621$317$158$14
50 years$2,041$1,120$584$293$143$12

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 $6,935 every year, while hoping to spend $35,610 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: 59/32/9 Blend
68$2,090,000$2,090,000$2,090,000$2,090,000
69$2,310,333$2,199,563$2,167,168$2,441,497
70$2,508,099$2,269,453$2,201,880$2,600,322
71$2,724,843$2,341,574$2,236,561$2,768,774
72$2,962,463$2,415,998$2,271,172$2,951,569
73$3,223,051$2,492,799$2,305,673$3,150,088
74$3,508,909$2,572,053$2,340,020$3,365,849
75$3,822,574$2,653,839$2,374,166$3,600,525
76$4,166,838$2,738,239$2,408,063$3,855,953
77$4,544,780$2,825,338$2,441,658$4,134,158
78$4,959,790$2,915,221$2,474,895$4,437,370
79$5,415,600$3,007,979$2,507,716$4,768,039
80$5,916,326$3,103,704$2,540,059$5,128,866
81$6,466,498$3,202,492$2,571,857$5,522,825
82$7,071,108$3,304,442$2,603,043$5,953,186
83$7,735,658$3,409,656$2,633,541$6,423,555
84$8,466,205$3,518,240$2,663,275$6,937,898
85$9,269,426$3,630,301$2,692,162$7,500,585
86$10,152,675$3,745,953$2,720,117$8,116,428
87$11,124,055$3,865,312$2,747,048$8,790,726
88$12,192,493$3,988,497$2,772,859$9,529,314
89$13,367,827$4,115,633$2,797,449$10,338,621
90$14,660,893$4,246,847$2,820,711$11,225,726
91$16,083,632$4,382,271$2,842,534$12,198,427
92$17,649,202$4,522,041$2,862,798$13,265,313
93$19,372,099$4,666,299$2,881,380$14,435,845
94$21,268,295$4,815,190$2,898,148$15,720,445
95$23,355,391$4,968,865$2,912,966$17,130,595
96$25,652,780$5,127,478$2,925,689$18,678,942
97$28,181,829$5,291,189$2,936,165$20,379,419
98$30,966,083$5,460,166$2,944,235$22,247,376
99$34,031,488$5,634,578$2,949,731$24,299,723
100$37,406,629$5,814,602$2,952,477$26,555,090