Can I retire at age 69 with 2,180,000?

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$180,022$178,419$176,854$175,327$173,836$167,668
2 years$89,120$87,460$85,852$84,292$82,779$76,631
3 years$58,823$57,156$55,552$54,007$52,519$46,583
4 years$43,678$42,016$40,427$38,909$37,457$31,779
5 years$34,593$32,941$31,373$29,886$28,474$23,070
6 years$28,538$26,899$25,354$23,900$22,530$17,403
7 years$24,215$22,590$21,070$19,649$18,323$13,472
8 years$20,974$19,363$17,869$16,483$15,201$10,622
9 years$18,455$16,859$15,390$14,040$12,801$8,488
10 years$16,441$14,861$13,418$12,103$10,907$6,853
11 years$14,794$13,230$11,813$10,533$9,381$5,577
12 years$13,422$11,874$10,483$9,239$8,129$4,566
13 years$12,263$10,731$9,366$8,157$7,089$3,758
14 years$11,270$9,754$8,416$7,240$6,214$3,104
15 years$10,410$8,910$7,598$6,457$5,471$2,573
16 years$9,658$8,175$6,889$5,782$4,836$2,138
17 years$8,996$7,529$6,269$5,195$4,288$1,781
18 years$8,407$6,957$5,722$4,682$3,812$1,486
19 years$7,882$6,448$5,239$4,230$3,398$1,241
20 years$7,409$5,992$4,808$3,831$3,035$1,038
21 years$6,982$5,581$4,422$3,477$2,716$870
22 years$6,594$5,210$4,076$3,162$2,435$729
23 years$6,241$4,872$3,763$2,879$2,185$611
24 years$5,918$4,565$3,480$2,626$1,964$513
25 years$5,620$4,284$3,223$2,398$1,768$431
26 years$5,347$4,026$2,990$2,193$1,592$362
27 years$5,093$3,789$2,776$2,007$1,435$304
28 years$4,859$3,571$2,581$1,839$1,295$255
29 years$4,641$3,369$2,402$1,686$1,170$215
30 years$4,438$3,181$2,237$1,548$1,057$181
31 years$4,248$3,007$2,086$1,421$955$152
32 years$4,070$2,846$1,946$1,306$864$128
33 years$3,904$2,695$1,817$1,201$782$107
34 years$3,748$2,554$1,698$1,105$708$90
35 years$3,601$2,422$1,587$1,017$641$76
36 years$3,462$2,299$1,485$937$581$64
37 years$3,332$2,184$1,390$863$527$54
38 years$3,208$2,075$1,301$796$478$45
39 years$3,091$1,973$1,219$734$433$38
40 years$2,980$1,878$1,143$677$393$32
41 years$2,875$1,787$1,072$624$356$27
42 years$2,775$1,702$1,005$576$323$23
43 years$2,681$1,622$943$532$293$19
44 years$2,590$1,546$885$491$266$16
45 years$2,504$1,474$831$454$242$14
46 years$2,422$1,406$781$419$220$11
47 years$2,344$1,342$734$387$199$10
48 years$2,269$1,281$689$358$181$8
49 years$2,197$1,223$648$331$164$7
50 years$2,128$1,169$609$306$149$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,180,000, adding $2,283 every year, while hoping to spend $23,393 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: 61/28/11 Blend
68$2,180,000$2,180,000$2,180,000$2,180,000
69$2,404,715$2,289,175$2,255,385$2,545,090
70$2,625,106$2,376,455$2,306,050$2,726,806
71$2,867,193$2,467,227$2,357,629$2,922,129
72$3,133,164$2,561,638$2,410,127$3,134,684
73$3,425,429$2,659,841$2,463,549$3,366,134
74$3,746,646$2,761,996$2,517,901$3,618,315
75$4,099,739$2,868,269$2,573,185$3,893,241
76$4,487,931$2,978,834$2,629,406$4,193,131
77$4,914,775$3,093,872$2,686,567$4,520,427
78$5,384,183$3,213,572$2,744,667$4,877,814
79$5,900,466$3,338,133$2,803,710$5,268,248
80$6,468,373$3,467,762$2,863,694$5,694,982
81$7,093,138$3,602,672$2,924,618$6,161,599
82$7,780,526$3,743,091$2,986,480$6,672,039
83$8,536,889$3,889,253$3,049,278$7,230,642
84$9,369,229$4,041,403$3,113,005$7,842,185
85$10,285,257$4,199,798$3,177,657$8,511,928
86$11,293,471$4,364,706$3,243,227$9,245,660
87$12,403,235$4,536,407$3,309,705$10,049,758
88$13,624,867$4,715,193$3,377,082$10,931,242
89$14,969,735$4,901,369$3,445,346$11,897,842
90$16,450,366$5,095,254$3,514,484$12,958,073
91$18,080,564$5,297,182$3,584,479$14,121,308
92$19,875,538$5,507,501$3,655,316$15,397,873
93$21,852,049$5,726,574$3,726,975$16,799,139
94$24,028,563$5,954,781$3,799,434$18,337,630
95$26,425,432$6,192,521$3,872,670$20,027,139
96$29,065,079$6,440,207$3,946,657$21,882,859
97$31,972,213$6,698,274$4,021,367$23,921,526
98$35,174,064$6,967,174$4,096,768$26,161,572
99$38,700,635$7,247,382$4,172,826$28,623,302
100$42,584,990$7,539,394$4,249,505$31,329,083