Can I retire at age 69 with 2,160,000?

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 $2,160,000?

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$178,371$176,782$175,232$173,719$172,241$168,214
2 years$88,302$86,658$85,064$83,519$82,020$77,985
3 years$58,283$56,632$55,042$53,511$52,037$48,121
4 years$43,277$41,630$40,057$38,552$37,113$33,346
5 years$34,275$32,639$31,085$29,611$28,213$24,605
6 years$28,276$26,652$25,122$23,681$22,324$18,880
7 years$23,993$22,382$20,876$19,469$18,155$14,875
8 years$20,782$19,186$17,705$16,332$15,061$11,944
9 years$18,286$16,705$15,249$13,911$12,684$9,726
10 years$16,290$14,724$13,294$11,992$10,807$8,006
11 years$14,658$13,108$11,704$10,436$9,295$6,646
12 years$13,299$11,765$10,387$9,154$8,055$5,555
13 years$12,150$10,632$9,280$8,082$7,024$4,668
14 years$11,166$9,664$8,338$7,174$6,157$3,940
15 years$10,314$8,829$7,528$6,398$5,421$3,338
16 years$9,570$8,100$6,826$5,729$4,791$2,836
17 years$8,913$7,460$6,211$5,147$4,248$2,416
18 years$8,330$6,893$5,670$4,639$3,777$2,063
19 years$7,809$6,389$5,191$4,191$3,367$1,764
20 years$7,341$5,937$4,764$3,796$3,007$1,511
21 years$6,918$5,530$4,382$3,445$2,691$1,296
22 years$6,534$5,162$4,038$3,133$2,412$1,113
23 years$6,184$4,828$3,729$2,853$2,165$956
24 years$5,863$4,523$3,448$2,602$1,946$822
25 years$5,569$4,245$3,194$2,376$1,751$708
26 years$5,297$3,990$2,962$2,173$1,578$610
27 years$5,047$3,755$2,751$1,989$1,422$525
28 years$4,814$3,538$2,557$1,822$1,283$453
29 years$4,598$3,338$2,380$1,671$1,159$390
30 years$4,397$3,152$2,216$1,533$1,047$337
31 years$4,209$2,980$2,066$1,408$947$291
32 years$4,033$2,819$1,928$1,294$856$251
33 years$3,868$2,670$1,800$1,190$775$216
34 years$3,713$2,531$1,682$1,095$702$187
35 years$3,568$2,400$1,573$1,008$636$161
36 years$3,431$2,278$1,471$928$576$139
37 years$3,301$2,164$1,377$855$522$120
38 years$3,179$2,056$1,289$788$473$104
39 years$3,063$1,955$1,208$727$429$90
40 years$2,953$1,860$1,132$671$389$78
41 years$2,849$1,771$1,062$619$353$67
42 years$2,750$1,687$996$571$320$58
43 years$2,656$1,607$935$527$291$50
44 years$2,566$1,532$877$487$264$43
45 years$2,481$1,461$824$449$240$37
46 years$2,400$1,393$774$415$218$32
47 years$2,322$1,330$727$384$198$28
48 years$2,248$1,269$683$354$179$24
49 years$2,177$1,212$642$328$163$21
50 years$2,109$1,158$604$303$148$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,160,000, adding $5,729 every year, while hoping to spend $45,766 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: 38/41/21 Blend
68$2,160,000$2,160,000$2,160,000$2,160,000
69$2,386,229$2,271,749$2,238,269$2,461,708
70$2,580,930$2,334,371$2,264,557$2,579,476
71$2,793,957$2,398,526$2,290,191$2,701,940
72$3,027,129$2,464,243$2,315,102$2,833,359
73$3,282,454$2,531,548$2,339,215$2,974,566
74$3,562,138$2,600,468$2,362,452$3,126,483
75$3,868,613$2,671,028$2,384,732$3,290,120
76$4,204,558$2,743,255$2,405,966$3,466,590
77$4,572,921$2,817,173$2,426,065$3,657,121
78$4,976,952$2,892,807$2,444,930$3,863,063
79$5,420,228$2,970,181$2,462,463$4,085,902
80$5,906,690$3,049,319$2,478,554$4,327,275
81$6,440,680$3,130,243$2,493,093$4,588,987
82$7,026,979$3,212,975$2,505,962$4,873,023
83$7,670,856$3,297,536$2,517,036$5,181,571
84$8,378,112$3,383,944$2,526,186$5,517,042
85$9,155,141$3,472,218$2,533,274$5,882,091
86$10,008,984$3,562,375$2,538,157$6,279,642
87$10,947,399$3,654,431$2,540,685$6,712,920
88$11,978,934$3,748,398$2,540,698$7,185,474
89$13,113,005$3,844,290$2,538,031$7,701,218
90$14,359,986$3,942,114$2,532,510$8,264,461
91$15,731,307$4,041,881$2,523,951$8,879,954
92$17,239,561$4,143,593$2,512,164$9,552,932
93$18,898,622$4,247,255$2,496,947$10,289,161
94$20,723,777$4,352,866$2,478,091$11,094,999
95$22,731,869$4,460,423$2,455,373$11,977,449
96$24,941,456$4,569,920$2,428,564$12,944,230
97$27,372,985$4,681,346$2,397,422$14,003,848
98$30,048,986$4,794,689$2,361,692$15,165,677
99$32,994,284$4,909,930$2,321,110$16,440,047
100$36,236,232$5,027,048$2,275,398$17,838,343