Can I retire at age 69 with 2,140,000?

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$176,719$175,145$173,609$172,110$170,647$166,657
2 years$87,485$85,855$84,276$82,745$81,260$77,263
3 years$57,744$56,107$54,532$53,016$51,555$47,675
4 years$42,876$41,245$39,686$38,195$36,769$33,038
5 years$33,958$32,337$30,798$29,337$27,951$24,378
6 years$28,015$26,405$24,889$23,461$22,117$18,705
7 years$23,771$22,175$20,683$19,289$17,987$14,737
8 years$20,590$19,008$17,541$16,181$14,922$11,833
9 years$18,116$16,550$15,108$13,783$12,567$9,636
10 years$16,139$14,588$13,171$11,881$10,707$7,932
11 years$14,522$12,987$11,596$10,340$9,209$6,585
12 years$13,176$11,656$10,291$9,069$7,980$5,503
13 years$12,038$10,534$9,194$8,007$6,959$4,625
14 years$11,063$9,575$8,261$7,108$6,100$3,903
15 years$10,219$8,747$7,459$6,339$5,371$3,307
16 years$9,481$8,025$6,762$5,676$4,747$2,810
17 years$8,831$7,391$6,154$5,100$4,209$2,394
18 years$8,253$6,829$5,617$4,596$3,742$2,044
19 years$7,737$6,330$5,142$4,153$3,336$1,748
20 years$7,273$5,882$4,719$3,761$2,979$1,497
21 years$6,854$5,479$4,341$3,413$2,666$1,284
22 years$6,473$5,114$4,001$3,104$2,390$1,102
23 years$6,127$4,783$3,694$2,826$2,145$947
24 years$5,809$4,481$3,416$2,578$1,928$815
25 years$5,517$4,206$3,164$2,354$1,735$701
26 years$5,248$3,953$2,935$2,153$1,563$604
27 years$5,000$3,720$2,725$1,970$1,409$520
28 years$4,770$3,505$2,533$1,805$1,271$449
29 years$4,556$3,307$2,358$1,655$1,148$387
30 years$4,356$3,123$2,196$1,519$1,037$334
31 years$4,170$2,952$2,047$1,395$938$288
32 years$3,996$2,793$1,910$1,282$848$248
33 years$3,832$2,645$1,783$1,179$768$214
34 years$3,679$2,507$1,666$1,085$695$185
35 years$3,535$2,378$1,558$999$630$160
36 years$3,399$2,257$1,457$920$570$138
37 years$3,271$2,144$1,364$848$517$119
38 years$3,149$2,037$1,277$781$469$103
39 years$3,034$1,937$1,197$720$425$89
40 years$2,926$1,843$1,122$664$386$77
41 years$2,823$1,754$1,052$613$350$66
42 years$2,725$1,671$987$566$317$57
43 years$2,631$1,592$926$522$288$50
44 years$2,543$1,518$869$482$261$43
45 years$2,458$1,447$816$445$237$37
46 years$2,377$1,381$766$411$216$32
47 years$2,301$1,317$720$380$196$28
48 years$2,227$1,258$677$351$178$24
49 years$2,157$1,201$636$325$161$21
50 years$2,089$1,147$598$300$147$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,140,000, adding $4,143 every year, while hoping to spend $36,599 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: 38/42/20 Blend
68$2,140,000$2,140,000$2,140,000$2,140,000
69$2,362,554$2,249,134$2,215,964$2,438,024
70$2,564,593$2,320,400$2,251,257$2,564,177
71$2,786,014$2,393,932$2,286,507$2,696,663
72$3,028,754$2,469,802$2,321,672$2,839,092
73$3,294,949$2,548,084$2,356,710$2,992,382
74$3,586,949$2,628,855$2,391,575$3,157,542
75$3,907,345$2,712,196$2,426,220$3,335,682
76$4,258,989$2,798,189$2,460,593$3,528,022
77$4,645,023$2,886,917$2,494,640$3,735,905
78$5,068,908$2,978,469$2,528,303$3,960,806
79$5,534,458$3,072,935$2,561,522$4,204,349
80$6,045,872$3,170,408$2,594,232$4,468,322
81$6,607,777$3,270,984$2,626,366$4,754,690
82$7,225,272$3,374,764$2,657,850$5,065,617
83$7,903,971$3,481,849$2,688,610$5,403,484
84$8,650,062$3,592,345$2,718,564$5,770,913
85$9,470,361$3,706,363$2,747,628$6,170,787
86$10,372,376$3,824,013$2,775,713$6,606,284
87$11,364,383$3,945,414$2,802,723$7,080,900
88$12,455,496$4,070,685$2,828,561$7,598,484
89$13,655,759$4,199,951$2,853,120$8,163,276
90$14,976,237$4,333,340$2,876,290$8,779,943
91$16,429,124$4,470,984$2,897,956$9,453,626
92$18,027,852$4,613,019$2,917,995$10,189,985
93$19,787,223$4,759,588$2,936,278$10,995,254
94$21,723,547$4,910,835$2,952,671$11,876,299
95$23,854,794$5,066,911$2,967,031$12,840,683
96$26,200,765$5,227,971$2,979,208$13,896,734
97$28,783,277$5,394,176$2,989,046$15,053,628
98$31,626,372$5,565,691$2,996,379$16,321,472
99$34,756,539$5,742,687$3,001,035$17,711,397
100$38,202,968$5,925,341$3,002,831$19,235,668