Can I retire at age 69 with 2,170,000?

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 $2,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$179,197$177,600$176,043$174,523$173,039$169,407
2 years$88,711$87,059$85,458$83,905$82,399$78,757
3 years$58,553$56,894$55,297$53,759$52,278$48,739
4 years$43,477$41,823$40,242$38,730$37,285$33,877
5 years$34,434$32,790$31,229$29,749$28,343$25,076
6 years$28,407$26,775$25,238$23,790$22,427$19,304
7 years$24,104$22,486$20,973$19,559$18,239$15,260
8 years$20,878$19,275$17,787$16,408$15,131$12,296
9 years$18,370$16,782$15,320$13,976$12,743$10,049
10 years$16,365$14,793$13,356$12,047$10,857$8,303
11 years$14,726$13,169$11,758$10,485$9,338$6,919
12 years$13,361$11,820$10,435$9,196$8,092$5,805
13 years$12,207$10,682$9,323$8,119$7,056$4,898
14 years$11,218$9,709$8,377$7,207$6,185$4,151
15 years$10,362$8,870$7,563$6,428$5,446$3,531
16 years$9,614$8,138$6,857$5,755$4,813$3,013
17 years$8,954$7,494$6,240$5,171$4,268$2,578
18 years$8,369$6,925$5,696$4,660$3,795$2,211
19 years$7,846$6,418$5,215$4,211$3,382$1,899
20 years$7,375$5,964$4,786$3,814$3,021$1,634
21 years$6,950$5,555$4,402$3,461$2,704$1,408
22 years$6,564$5,186$4,057$3,147$2,423$1,214
23 years$6,212$4,850$3,746$2,866$2,175$1,049
24 years$5,890$4,544$3,464$2,614$1,955$906
25 years$5,595$4,265$3,209$2,387$1,759$784
26 years$5,322$4,008$2,976$2,183$1,585$678
27 years$5,070$3,772$2,763$1,998$1,429$587
28 years$4,836$3,554$2,569$1,831$1,289$509
29 years$4,619$3,353$2,391$1,679$1,164$441
30 years$4,417$3,167$2,227$1,541$1,052$382
31 years$4,228$2,994$2,076$1,415$951$331
32 years$4,052$2,832$1,937$1,300$860$287
33 years$3,886$2,682$1,808$1,196$779$249
34 years$3,731$2,542$1,690$1,100$705$216
35 years$3,584$2,411$1,580$1,013$638$188
36 years$3,446$2,289$1,478$933$578$163
37 years$3,316$2,174$1,383$859$524$141
38 years$3,193$2,066$1,295$792$475$123
39 years$3,077$1,964$1,214$730$431$107
40 years$2,967$1,869$1,138$674$391$93
41 years$2,862$1,779$1,067$622$355$80
42 years$2,763$1,694$1,001$574$322$70
43 years$2,668$1,614$939$530$292$61
44 years$2,578$1,539$881$489$265$53
45 years$2,493$1,467$827$452$241$46
46 years$2,411$1,400$777$417$219$40
47 years$2,333$1,336$730$385$198$35
48 years$2,258$1,275$686$356$180$30
49 years$2,187$1,218$645$329$164$26
50 years$2,119$1,163$606$304$149$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,170,000, adding $5,493 every year, while hoping to spend $27,319 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: 51/39/10 Blend
68$2,170,000$2,170,000$2,170,000$2,170,000
69$2,397,006$2,281,996$2,248,361$2,512,699
70$2,612,433$2,364,747$2,294,614$2,674,995
71$2,848,919$2,450,636$2,341,501$2,847,956
72$3,108,581$2,539,790$2,389,014$3,035,346
73$3,393,755$2,632,339$2,437,144$3,238,529
74$3,707,012$2,728,417$2,485,882$3,459,004
75$4,051,184$2,828,166$2,535,216$3,698,420
76$4,429,393$2,931,734$2,585,134$3,958,590
77$4,845,076$3,039,274$2,635,621$4,241,508
78$5,302,021$3,150,946$2,686,661$4,549,366
79$5,804,401$3,266,916$2,738,238$4,884,576
80$6,356,813$3,387,359$2,790,333$5,249,791
81$6,964,323$3,512,454$2,842,924$5,647,930
82$7,632,511$3,642,391$2,895,989$6,082,204
83$8,367,526$3,777,367$2,949,503$6,556,147
84$9,176,141$3,917,586$3,003,440$7,073,646
85$10,065,823$4,063,263$3,057,770$7,638,983
86$11,044,793$4,214,620$3,112,462$8,256,867
87$12,122,115$4,371,889$3,167,483$8,932,482
88$13,307,773$4,535,313$3,222,795$9,671,536
89$14,612,767$4,705,145$3,278,360$10,480,310
90$16,049,220$4,881,648$3,334,136$11,365,722
91$17,630,489$5,065,097$3,390,078$12,335,387
92$19,371,291$5,255,779$3,446,138$13,397,687
93$21,287,844$5,453,993$3,502,264$14,561,854
94$23,398,016$5,660,051$3,558,402$15,838,055
95$25,721,499$5,874,279$3,614,494$17,237,482
96$28,279,988$6,097,015$3,670,476$18,772,461
97$31,097,393$6,328,615$3,726,283$20,456,569
98$34,200,057$6,569,447$3,781,844$22,304,756
99$37,617,012$6,819,899$3,837,084$24,333,486
100$41,380,245$7,080,372$3,891,924$26,560,896