Can I retire at age 69 with 2,120,000?

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 $2,120,000?

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$175,068$173,508$171,987$170,502$169,052$165,639
2 years$86,667$85,053$83,489$81,972$80,501$77,077
3 years$57,204$55,583$54,023$52,520$51,073$47,745
4 years$42,476$40,859$39,315$37,838$36,426$33,220
5 years$33,641$32,034$30,510$29,063$27,690$24,615
6 years$27,753$26,158$24,656$23,242$21,910$18,970
7 years$23,549$21,968$20,490$19,109$17,819$15,013
8 years$20,397$18,830$17,377$16,030$14,783$12,111
9 years$17,947$16,395$14,967$13,654$12,449$9,910
10 years$15,988$14,452$13,048$11,770$10,607$8,198
11 years$14,387$12,865$11,488$10,243$9,123$6,840
12 years$13,053$11,547$10,195$8,985$7,905$5,747
13 years$11,925$10,435$9,108$7,932$6,894$4,855
14 years$10,960$9,486$8,184$7,041$6,043$4,120
15 years$10,123$8,665$7,389$6,280$5,321$3,510
16 years$9,392$7,950$6,699$5,623$4,702$2,999
17 years$8,748$7,322$6,096$5,052$4,170$2,570
18 years$8,176$6,766$5,565$4,553$3,707$2,207
19 years$7,665$6,270$5,094$4,114$3,304$1,899
20 years$7,205$5,827$4,675$3,726$2,952$1,636
21 years$6,790$5,427$4,300$3,381$2,641$1,412
22 years$6,413$5,066$3,964$3,075$2,368$1,220
23 years$6,069$4,738$3,660$2,800$2,125$1,055
24 years$5,755$4,440$3,385$2,554$1,910$913
25 years$5,466$4,166$3,135$2,332$1,719$791
26 years$5,199$3,916$2,907$2,132$1,548$685
27 years$4,953$3,685$2,700$1,952$1,396$594
28 years$4,725$3,472$2,510$1,788$1,260$516
29 years$4,513$3,276$2,336$1,640$1,137$448
30 years$4,315$3,094$2,175$1,505$1,028$389
31 years$4,131$2,925$2,028$1,382$929$338
32 years$3,958$2,767$1,892$1,270$840$293
33 years$3,797$2,621$1,767$1,168$761$255
34 years$3,645$2,484$1,651$1,075$689$221
35 years$3,502$2,356$1,543$989$624$193
36 years$3,367$2,236$1,444$911$565$167
37 years$3,240$2,124$1,351$840$512$146
38 years$3,120$2,018$1,266$774$464$127
39 years$3,006$1,919$1,186$714$421$110
40 years$2,898$1,826$1,111$658$382$96
41 years$2,796$1,738$1,042$607$347$83
42 years$2,699$1,655$977$560$314$72
43 years$2,607$1,577$917$517$285$63
44 years$2,519$1,503$861$478$259$55
45 years$2,435$1,434$808$441$235$48
46 years$2,355$1,368$759$407$214$42
47 years$2,279$1,305$713$376$194$36
48 years$2,206$1,246$670$348$176$31
49 years$2,137$1,190$630$321$160$27
50 years$2,070$1,137$592$297$145$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,120,000, adding $6,788 every year, while hoping to spend $26,788 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: 63/9/28 Blend
68$2,120,000$2,120,000$2,120,000$2,120,000
69$2,343,242$2,230,882$2,198,022$2,472,954
70$2,553,750$2,311,693$2,243,153$2,642,562
71$2,784,833$2,395,566$2,288,899$2,824,220
72$3,038,560$2,482,622$2,335,251$3,022,077
73$3,317,211$2,572,989$2,382,200$3,237,726
74$3,623,300$2,666,799$2,429,737$3,472,921
75$3,959,593$2,764,189$2,477,850$3,729,592
76$4,329,140$2,865,303$2,526,527$4,009,868
77$4,735,300$2,970,289$2,575,752$4,316,089
78$5,181,772$3,079,305$2,625,511$4,650,835
79$5,672,633$3,192,512$2,675,787$5,016,947
80$6,212,375$3,310,079$2,726,560$5,417,554
81$6,805,947$3,432,182$2,777,809$5,856,101
82$7,458,801$3,559,006$2,829,512$6,336,385
83$8,176,943$3,690,741$2,881,645$6,862,587
84$8,966,991$3,827,588$2,934,181$7,439,313
85$9,836,239$3,969,754$2,987,090$8,071,638
86$10,792,720$4,117,457$3,040,343$8,765,151
87$11,845,288$4,270,923$3,093,904$9,526,010
88$13,003,696$4,430,387$3,147,739$10,360,999
89$14,278,693$4,596,096$3,201,808$11,277,592
90$15,682,121$4,768,306$3,256,070$12,284,023
91$17,227,030$4,947,285$3,310,481$13,389,364
92$18,927,797$5,133,312$3,364,992$14,603,611
93$20,800,266$5,326,678$3,419,553$15,937,774
94$22,861,894$5,527,687$3,474,109$17,403,988
95$25,131,919$5,736,655$3,528,604$19,015,621
96$27,631,537$5,953,914$3,582,974$20,787,403
97$30,384,105$6,179,807$3,637,155$22,735,563
98$33,415,360$6,414,694$3,691,076$24,877,984
99$36,753,664$6,658,951$3,744,665$27,234,370
100$40,430,268$6,912,970$3,797,842$29,826,432