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

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$178,371$176,782$175,232$173,719$172,241$171,300
2 years$88,302$86,658$85,064$83,519$82,020$81,069
3 years$58,283$56,632$55,042$53,511$52,037$51,107
4 years$43,277$41,630$40,057$38,552$37,113$36,212
5 years$34,275$32,639$31,085$29,611$28,213$27,342
6 years$28,276$26,652$25,122$23,681$22,324$21,485
7 years$23,993$22,382$20,876$19,469$18,155$17,349
8 years$20,782$19,186$17,705$16,332$15,061$14,287
9 years$18,286$16,705$15,249$13,911$12,684$11,942
10 years$16,290$14,724$13,294$11,992$10,807$10,097
11 years$14,658$13,108$11,704$10,436$9,295$8,616
12 years$13,299$11,765$10,387$9,154$8,055$7,406
13 years$12,150$10,632$9,280$8,082$7,024$6,405
14 years$11,166$9,664$8,338$7,174$6,157$5,568
15 years$10,314$8,829$7,528$6,398$5,421$4,861
16 years$9,570$8,100$6,826$5,729$4,791$4,259
17 years$8,913$7,460$6,211$5,147$4,248$3,743
18 years$8,330$6,893$5,670$4,639$3,777$3,298
19 years$7,809$6,389$5,191$4,191$3,367$2,913
20 years$7,341$5,937$4,764$3,796$3,007$2,578
21 years$6,918$5,530$4,382$3,445$2,691$2,285
22 years$6,534$5,162$4,038$3,133$2,412$2,029
23 years$6,184$4,828$3,729$2,853$2,165$1,804
24 years$5,863$4,523$3,448$2,602$1,946$1,605
25 years$5,569$4,245$3,194$2,376$1,751$1,430
26 years$5,297$3,990$2,962$2,173$1,578$1,275
27 years$5,047$3,755$2,751$1,989$1,422$1,138
28 years$4,814$3,538$2,557$1,822$1,283$1,017
29 years$4,598$3,338$2,380$1,671$1,159$909
30 years$4,397$3,152$2,216$1,533$1,047$813
31 years$4,209$2,980$2,066$1,408$947$727
32 years$4,033$2,819$1,928$1,294$856$651
33 years$3,868$2,670$1,800$1,190$775$583
34 years$3,713$2,531$1,682$1,095$702$522
35 years$3,568$2,400$1,573$1,008$636$468
36 years$3,431$2,278$1,471$928$576$419
37 years$3,301$2,164$1,377$855$522$376
38 years$3,179$2,056$1,289$788$473$337
39 years$3,063$1,955$1,208$727$429$302
40 years$2,953$1,860$1,132$671$389$271
41 years$2,849$1,771$1,062$619$353$243
42 years$2,750$1,687$996$571$320$218
43 years$2,656$1,607$935$527$291$196
44 years$2,566$1,532$877$487$264$176
45 years$2,481$1,461$824$449$240$158
46 years$2,400$1,393$774$415$218$142
47 years$2,322$1,330$727$384$198$127
48 years$2,248$1,269$683$354$179$114
49 years$2,177$1,212$642$328$163$103
50 years$2,109$1,158$604$303$148$92

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 $6,790 every year, while hoping to spend $37,197 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: 44/43/13 Blend
68$2,160,000$2,160,000$2,160,000$2,160,000
69$2,387,324$2,272,844$2,239,364$2,483,155
70$2,591,254$2,344,636$2,274,805$2,622,456
71$2,814,737$2,418,699$2,310,187$2,769,068
72$3,059,731$2,495,105$2,345,469$2,927,155
73$3,328,387$2,573,929$2,380,605$3,097,790
74$3,623,078$2,655,247$2,415,551$3,282,151
75$3,946,416$2,739,138$2,450,256$3,481,534
76$4,301,278$2,825,684$2,484,668$3,697,364
77$4,690,835$2,914,969$2,518,730$3,931,208
78$5,118,578$3,007,080$2,552,385$4,184,791
79$5,588,352$3,102,107$2,585,570$4,460,010
80$6,104,396$3,200,142$2,618,219$4,758,952
81$6,671,376$3,301,280$2,650,261$5,083,915
82$7,294,435$3,405,621$2,681,622$5,437,425
83$7,979,236$3,513,266$2,712,226$5,822,266
84$8,732,022$3,624,320$2,741,989$6,241,500
85$9,559,667$3,738,890$2,770,825$6,698,498
86$10,469,747$3,857,090$2,798,642$7,196,970
87$11,470,608$3,979,034$2,825,342$7,741,004
88$12,571,444$4,104,840$2,850,825$8,335,097
89$13,782,386$4,234,633$2,874,983$8,984,203
90$15,114,598$4,368,538$2,897,703$9,693,777
91$16,580,376$4,506,686$2,918,866$10,469,825
92$18,193,273$4,649,212$2,938,346$11,318,961
93$19,968,219$4,796,255$2,956,013$12,248,471
94$21,921,666$4,947,960$2,971,728$13,266,377
95$24,071,739$5,104,473$2,985,344$14,381,517
96$26,438,413$5,265,949$2,996,710$15,603,624
97$29,043,696$5,432,545$3,005,664$16,943,420
98$31,911,837$5,604,424$3,012,038$18,412,712
99$35,069,557$5,781,754$3,015,654$20,024,511
100$38,546,301$5,964,708$3,016,327$21,793,145