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

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$173,416$171,871$170,364$168,893$167,457$161,967
2 years$85,850$84,251$82,701$81,199$79,741$74,263
3 years$56,665$55,059$53,513$52,025$50,591$45,296
4 years$42,075$40,474$38,944$37,481$36,082$31,010
5 years$33,323$31,732$30,222$28,789$27,429$22,595
6 years$27,491$25,912$24,424$23,023$21,704$17,111
7 years$23,327$21,761$20,296$18,928$17,651$13,299
8 years$20,205$18,653$17,213$15,878$14,643$10,529
9 years$17,778$16,241$14,825$13,525$12,332$8,450
10 years$15,837$14,315$12,925$11,659$10,507$6,852
11 years$14,251$12,744$11,379$10,146$9,037$5,601
12 years$12,930$11,438$10,099$8,900$7,831$4,608
13 years$11,813$10,337$9,023$7,857$6,829$3,810
14 years$10,856$9,396$8,107$6,975$5,986$3,163
15 years$10,028$8,583$7,319$6,220$5,271$2,635
16 years$9,304$7,875$6,636$5,570$4,658$2,201
17 years$8,666$7,253$6,039$5,004$4,130$1,842
18 years$8,099$6,702$5,512$4,510$3,672$1,545
19 years$7,592$6,211$5,046$4,075$3,273$1,298
20 years$7,137$5,772$4,631$3,691$2,924$1,091
21 years$6,726$5,376$4,260$3,350$2,616$919
22 years$6,352$5,018$3,926$3,045$2,345$774
23 years$6,012$4,694$3,625$2,774$2,105$653
24 years$5,700$4,398$3,353$2,530$1,892$551
25 years$5,414$4,127$3,105$2,310$1,703$465
26 years$5,150$3,879$2,880$2,112$1,534$393
27 years$4,906$3,650$2,674$1,934$1,383$332
28 years$4,680$3,440$2,486$1,772$1,248$281
29 years$4,470$3,245$2,313$1,625$1,127$237
30 years$4,275$3,064$2,155$1,491$1,018$201
31 years$4,092$2,897$2,009$1,369$920$170
32 years$3,921$2,741$1,874$1,258$833$144
33 years$3,761$2,596$1,750$1,157$753$122
34 years$3,610$2,460$1,635$1,065$682$103
35 years$3,469$2,334$1,529$980$618$87
36 years$3,335$2,215$1,430$903$560$74
37 years$3,209$2,104$1,339$832$507$62
38 years$3,090$1,999$1,254$767$460$53
39 years$2,978$1,901$1,174$707$417$45
40 years$2,871$1,809$1,101$652$378$38
41 years$2,770$1,722$1,032$602$343$32
42 years$2,674$1,640$968$555$311$27
43 years$2,582$1,562$909$512$283$23
44 years$2,495$1,489$853$473$257$19
45 years$2,412$1,420$801$437$233$16
46 years$2,333$1,355$752$404$211$14
47 years$2,258$1,293$707$373$192$12
48 years$2,185$1,234$664$345$174$10
49 years$2,116$1,179$624$318$158$8
50 years$2,050$1,126$587$294$144$7

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 $2,887 every year, while hoping to spend $39,183 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: 67/14/19 Blend
68$2,100,000$2,100,000$2,100,000$2,100,000
69$2,317,178$2,205,878$2,173,328$2,461,343
70$2,511,840$2,272,276$2,204,444$2,624,574
71$2,725,044$2,340,613$2,235,289$2,798,191
72$2,958,640$2,410,945$2,265,813$2,987,098
73$3,214,666$2,483,326$2,295,962$3,192,796
74$3,495,365$2,557,812$2,325,680$3,416,940
75$3,803,208$2,634,461$2,354,907$3,661,350
76$4,140,918$2,713,333$2,383,579$3,928,033
77$4,511,493$2,794,487$2,411,630$4,219,199
78$4,918,235$2,877,986$2,438,989$4,537,281
79$5,364,781$2,963,894$2,465,582$4,884,959
80$5,855,139$3,052,275$2,491,329$5,265,187
81$6,393,723$3,143,196$2,516,148$5,681,217
82$6,985,395$3,236,725$2,539,951$6,136,633
83$7,635,512$3,332,932$2,562,647$6,635,381
84$8,349,976$3,431,887$2,584,137$7,181,811
85$9,135,288$3,533,664$2,604,320$7,780,714
86$9,998,610$3,638,336$2,623,088$8,437,368
87$10,947,834$3,745,981$2,640,327$9,157,588
88$11,991,655$3,856,675$2,655,919$9,947,782
89$13,139,650$3,970,498$2,669,739$10,815,009
90$14,402,373$4,087,531$2,681,654$11,767,049
91$15,791,451$4,207,857$2,691,526$12,812,470
92$17,319,697$4,331,560$2,699,210$13,960,716
93$19,001,226$4,458,726$2,704,553$15,222,193
94$20,851,591$4,589,444$2,707,396$16,608,365
95$22,887,929$4,723,802$2,707,569$18,131,866
96$25,129,121$4,861,892$2,704,896$19,806,616
97$27,595,974$5,003,807$2,699,192$21,647,954
98$30,311,412$5,149,642$2,690,264$23,672,782
99$33,300,695$5,299,493$2,677,907$25,899,725
100$36,591,657$5,453,459$2,661,907$28,349,306