Can I retire at age 69 with 2,100,000?

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$173,416$171,871$170,364$168,893$167,457$166,751
2 years$85,850$84,251$82,701$81,199$79,741$79,029
3 years$56,665$55,059$53,513$52,025$50,591$49,894
4 years$42,075$40,474$38,944$37,481$36,082$35,406
5 years$33,323$31,732$30,222$28,789$27,429$26,775
6 years$27,491$25,912$24,424$23,023$21,704$21,073
7 years$23,327$21,761$20,296$18,928$17,651$17,045
8 years$20,205$18,653$17,213$15,878$14,643$14,061
9 years$17,778$16,241$14,825$13,525$12,332$11,773
10 years$15,837$14,315$12,925$11,659$10,507$9,972
11 years$14,251$12,744$11,379$10,146$9,037$8,524
12 years$12,930$11,438$10,099$8,900$7,831$7,342
13 years$11,813$10,337$9,023$7,857$6,829$6,362
14 years$10,856$9,396$8,107$6,975$5,986$5,541
15 years$10,028$8,583$7,319$6,220$5,271$4,847
16 years$9,304$7,875$6,636$5,570$4,658$4,255
17 years$8,666$7,253$6,039$5,004$4,130$3,747
18 years$8,099$6,702$5,512$4,510$3,672$3,309
19 years$7,592$6,211$5,046$4,075$3,273$2,929
20 years$7,137$5,772$4,631$3,691$2,924$2,597
21 years$6,726$5,376$4,260$3,350$2,616$2,307
22 years$6,352$5,018$3,926$3,045$2,345$2,053
23 years$6,012$4,694$3,625$2,774$2,105$1,829
24 years$5,700$4,398$3,353$2,530$1,892$1,632
25 years$5,414$4,127$3,105$2,310$1,703$1,457
26 years$5,150$3,879$2,880$2,112$1,534$1,303
27 years$4,906$3,650$2,674$1,934$1,383$1,165
28 years$4,680$3,440$2,486$1,772$1,248$1,043
29 years$4,470$3,245$2,313$1,625$1,127$935
30 years$4,275$3,064$2,155$1,491$1,018$838
31 years$4,092$2,897$2,009$1,369$920$751
32 years$3,921$2,741$1,874$1,258$833$674
33 years$3,761$2,596$1,750$1,157$753$605
34 years$3,610$2,460$1,635$1,065$682$543
35 years$3,469$2,334$1,529$980$618$488
36 years$3,335$2,215$1,430$903$560$439
37 years$3,209$2,104$1,339$832$507$394
38 years$3,090$1,999$1,254$767$460$354
39 years$2,978$1,901$1,174$707$417$319
40 years$2,871$1,809$1,101$652$378$287
41 years$2,770$1,722$1,032$602$343$258
42 years$2,674$1,640$968$555$311$232
43 years$2,582$1,562$909$512$283$209
44 years$2,495$1,489$853$473$257$188
45 years$2,412$1,420$801$437$233$169
46 years$2,333$1,355$752$404$211$152
47 years$2,258$1,293$707$373$192$137
48 years$2,185$1,234$664$345$174$123
49 years$2,116$1,179$624$318$158$111
50 years$2,050$1,126$587$294$144$100

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,100,000, adding $2,988 every year, while hoping to spend $25,716 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: 57/34/9 Blend
68$2,100,000$2,100,000$2,100,000$2,100,000
69$2,317,282$2,205,982$2,173,432$2,444,285
70$2,526,283$2,286,714$2,218,880$2,610,957
71$2,755,741$2,370,539$2,264,989$2,789,342
72$3,007,714$2,457,583$2,311,754$2,983,080
73$3,284,471$2,547,975$2,359,168$3,193,643
74$3,588,511$2,641,850$2,407,225$3,422,648
75$3,922,588$2,739,350$2,455,916$3,671,874
76$4,289,734$2,840,620$2,505,231$3,943,278
77$4,693,292$2,945,814$2,555,160$4,239,012
78$5,136,940$3,055,093$2,605,691$4,561,444
79$5,624,737$3,168,621$2,656,811$4,913,180
80$6,161,149$3,286,572$2,708,503$5,297,088
81$6,751,101$3,409,128$2,760,752$5,716,322
82$7,400,015$3,536,477$2,813,539$6,174,356
83$8,113,867$3,668,816$2,866,843$6,675,010
84$8,899,243$3,806,349$2,920,644$7,222,493
85$9,763,396$3,949,291$2,974,916$7,821,436
86$10,714,321$4,097,864$3,029,634$8,476,936
87$11,760,824$4,252,302$3,084,770$9,194,608
88$12,912,611$4,412,847$3,140,292$9,980,629
89$14,180,373$4,579,753$3,196,168$10,841,804
90$15,575,894$4,753,283$3,252,362$11,785,625
91$17,112,155$4,933,714$3,308,836$12,820,342
92$18,803,461$5,121,333$3,365,548$13,955,039
93$20,665,576$5,316,439$3,422,455$15,199,721
94$22,715,867$5,519,348$3,479,510$16,565,404
95$24,973,473$5,730,384$3,536,662$18,064,222
96$27,459,484$5,949,889$3,593,857$19,709,539
97$30,197,138$6,178,220$3,651,037$21,516,075
98$33,212,041$6,415,748$3,708,142$23,500,039
99$36,532,411$6,662,861$3,765,106$25,679,289
100$40,189,339$6,919,963$3,821,860$28,073,494