Can I retire at age 69 with 2,150,000?

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 $2,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$177,545$175,964$174,421$172,915$171,444$164,837
2 years$87,894$86,257$84,670$83,132$81,640$75,062
3 years$58,014$56,370$54,787$53,263$51,796$45,455
4 years$43,077$41,438$39,871$38,373$36,941$30,885
5 years$34,117$32,488$30,942$29,474$28,082$22,326
6 years$28,145$26,529$25,005$23,571$22,220$16,768
7 years$23,882$22,279$20,780$19,379$18,071$12,921
8 years$20,686$19,097$17,623$16,257$14,992$10,139
9 years$18,201$16,627$15,178$13,847$12,625$8,063
10 years$16,215$14,656$13,233$11,936$10,757$6,477
11 years$14,590$13,048$11,650$10,388$9,252$5,243
12 years$13,238$11,711$10,339$9,112$8,017$4,270
13 years$12,094$10,583$9,237$8,044$6,991$3,495
14 years$11,115$9,620$8,300$7,141$6,128$2,871
15 years$10,267$8,788$7,494$6,368$5,396$2,366
16 years$9,525$8,063$6,794$5,702$4,769$1,955
17 years$8,872$7,425$6,182$5,123$4,229$1,618
18 years$8,292$6,861$5,644$4,617$3,760$1,342
19 years$7,773$6,359$5,166$4,172$3,351$1,115
20 years$7,307$5,909$4,742$3,779$2,993$927
21 years$6,886$5,504$4,361$3,429$2,679$771
22 years$6,504$5,138$4,020$3,118$2,401$642
23 years$6,155$4,805$3,711$2,840$2,155$535
24 years$5,836$4,502$3,432$2,590$1,937$446
25 years$5,543$4,225$3,179$2,365$1,743$372
26 years$5,273$3,971$2,948$2,163$1,570$311
27 years$5,023$3,737$2,738$1,980$1,416$259
28 years$4,792$3,522$2,545$1,814$1,277$217
29 years$4,577$3,322$2,369$1,663$1,153$181
30 years$4,376$3,137$2,206$1,526$1,042$151
31 years$4,189$2,966$2,057$1,402$942$126
32 years$4,014$2,806$1,919$1,288$852$106
33 years$3,850$2,658$1,792$1,185$771$88
34 years$3,696$2,519$1,674$1,090$698$74
35 years$3,551$2,389$1,565$1,003$633$62
36 years$3,415$2,268$1,464$924$573$51
37 years$3,286$2,154$1,370$852$519$43
38 years$3,164$2,047$1,283$785$471$36
39 years$3,049$1,946$1,202$724$427$30
40 years$2,939$1,852$1,127$667$387$25
41 years$2,836$1,763$1,057$616$351$21
42 years$2,737$1,679$991$568$319$18
43 years$2,644$1,599$930$525$289$15
44 years$2,555$1,525$873$484$263$12
45 years$2,470$1,454$820$447$238$10
46 years$2,389$1,387$770$413$217$9
47 years$2,311$1,324$723$382$197$7
48 years$2,237$1,264$680$353$179$6
49 years$2,167$1,207$639$326$162$5
50 years$2,099$1,153$601$301$147$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,150,000, adding $4,178 every year, while hoping to spend $33,703 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: 63/27/10 Blend
68$2,150,000$2,150,000$2,150,000$2,150,000
69$2,373,610$2,259,660$2,226,335$2,517,649
70$2,579,858$2,334,523$2,265,057$2,689,292
71$2,806,014$2,411,926$2,303,947$2,872,336
72$3,054,073$2,491,955$2,342,975$3,071,348
73$3,326,232$2,574,705$2,382,108$3,287,876
74$3,624,912$2,660,269$2,421,313$3,523,624
75$3,952,778$2,748,748$2,460,552$3,780,467
76$4,312,768$2,840,242$2,499,787$4,060,469
77$4,708,115$2,934,860$2,538,975$4,365,901
78$5,142,385$3,032,710$2,578,073$4,699,266
79$5,619,503$3,133,907$2,617,032$5,063,315
80$6,143,793$3,238,570$2,655,804$5,461,080
81$6,720,021$3,346,820$2,694,334$5,895,899
82$7,353,435$3,458,786$2,732,566$6,371,445
83$8,049,818$3,574,600$2,770,440$6,891,764
84$8,815,542$3,694,398$2,807,893$7,461,314
85$9,657,626$3,818,322$2,844,856$8,084,999
86$10,583,804$3,946,520$2,881,258$8,768,224
87$11,602,597$4,079,144$2,917,025$9,516,941
88$12,723,393$4,216,353$2,952,077$10,337,704
89$13,956,536$4,358,311$2,986,328$11,237,732
90$15,313,423$4,505,189$3,019,691$12,224,977
91$16,806,613$4,657,164$3,052,071$13,308,199
92$18,449,941$4,814,418$3,083,369$14,497,045
93$20,258,654$4,977,144$3,113,480$15,802,143
94$22,249,550$5,145,537$3,142,295$17,235,202
95$24,441,140$5,319,804$3,169,698$18,809,117
96$26,853,819$5,500,158$3,195,566$20,538,097
97$29,510,062$5,686,819$3,219,771$22,437,794
98$32,434,632$5,880,016$3,242,176$24,525,452
99$35,654,816$6,079,989$3,262,641$26,820,067
100$39,200,682$6,286,983$3,281,014$29,342,571