Can I retire at age 69 with 2,190,000?

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$180,848$179,237$177,666$176,132$174,634$172,738
2 years$89,529$87,861$86,245$84,679$83,159$81,250
3 years$59,093$57,418$55,807$54,254$52,759$50,897
4 years$43,878$42,209$40,613$39,087$37,628$35,827
5 years$34,751$33,092$31,517$30,023$28,605$26,869
6 years$28,669$27,022$25,471$24,009$22,634$20,966
7 years$24,326$22,693$21,166$19,739$18,407$16,808
8 years$21,071$19,452$17,951$16,559$15,271$13,740
9 years$18,540$16,937$15,461$14,105$12,860$11,397
10 years$16,516$14,929$13,479$12,158$10,957$9,562
11 years$14,862$13,290$11,867$10,581$9,424$8,094
12 years$13,484$11,929$10,531$9,281$8,166$6,901
13 years$12,319$10,780$9,409$8,194$7,121$5,919
14 years$11,321$9,799$8,454$7,274$6,242$5,101
15 years$10,458$8,951$7,633$6,487$5,496$4,415
16 years$9,703$8,213$6,920$5,808$4,858$3,834
17 years$9,037$7,564$6,297$5,219$4,307$3,339
18 years$8,446$6,989$5,749$4,703$3,830$2,915
19 years$7,918$6,477$5,263$4,250$3,414$2,551
20 years$7,443$6,019$4,830$3,849$3,049$2,236
21 years$7,014$5,607$4,442$3,493$2,729$1,963
22 years$6,625$5,234$4,094$3,176$2,446$1,726
23 years$6,270$4,895$3,780$2,892$2,195$1,519
24 years$5,945$4,586$3,496$2,638$1,973$1,339
25 years$5,646$4,304$3,238$2,409$1,776$1,181
26 years$5,371$4,045$3,003$2,203$1,599$1,043
27 years$5,117$3,807$2,789$2,016$1,442$921
28 years$4,881$3,587$2,593$1,847$1,301$814
29 years$4,662$3,384$2,413$1,694$1,175$720
30 years$4,458$3,196$2,247$1,555$1,062$637
31 years$4,267$3,021$2,095$1,428$960$564
32 years$4,089$2,859$1,955$1,312$868$499
33 years$3,922$2,707$1,825$1,207$786$442
34 years$3,765$2,566$1,705$1,110$711$392
35 years$3,617$2,434$1,594$1,022$644$347
36 years$3,478$2,310$1,491$941$584$308
37 years$3,347$2,194$1,396$867$529$273
38 years$3,223$2,085$1,307$799$480$242
39 years$3,105$1,983$1,225$737$435$215
40 years$2,994$1,886$1,148$680$395$191
41 years$2,888$1,795$1,076$627$358$169
42 years$2,788$1,710$1,010$579$325$150
43 years$2,693$1,629$948$534$295$133
44 years$2,602$1,553$889$493$268$118
45 years$2,516$1,481$835$456$243$105
46 years$2,433$1,413$784$421$221$93
47 years$2,354$1,348$737$389$200$83
48 years$2,279$1,287$692$359$182$73
49 years$2,207$1,229$651$332$165$65
50 years$2,138$1,174$612$307$150$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,190,000, adding $2,883 every year, while hoping to spend $25,903 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: 29/43/28 Blend
68$2,190,000$2,190,000$2,190,000$2,190,000
69$2,416,354$2,300,284$2,266,339$2,465,462
70$2,635,261$2,385,437$2,314,701$2,589,658
71$2,875,629$2,473,895$2,363,814$2,720,640
72$3,139,619$2,565,791$2,413,678$2,860,941
73$3,429,612$2,661,267$2,464,288$3,011,385
74$3,748,232$2,760,469$2,515,641$3,172,874
75$4,098,368$2,863,548$2,567,731$3,346,399
76$4,483,204$2,970,664$2,620,553$3,533,048
77$4,906,248$3,081,984$2,674,098$3,734,015
78$5,371,363$3,197,679$2,728,359$3,950,610
79$5,882,808$3,317,931$2,783,324$4,184,273
80$6,445,272$3,442,928$2,838,984$4,436,583
81$7,063,924$3,572,865$2,895,324$4,709,277
82$7,744,458$3,707,949$2,952,330$5,004,264
83$8,493,146$3,848,391$3,009,987$5,323,639
84$9,316,901$3,994,417$3,068,275$5,669,708
85$10,223,338$4,146,257$3,127,176$6,045,003
86$11,220,850$4,304,155$3,186,668$6,452,310
87$12,318,683$4,468,364$3,246,727$6,894,691
88$13,527,023$4,639,149$3,307,327$7,375,512
89$14,857,097$4,816,784$3,368,440$7,898,479
90$16,321,273$5,001,559$3,430,035$8,467,666
91$17,933,181$5,193,774$3,492,079$9,087,553
92$19,707,838$5,393,742$3,554,537$9,763,071
93$21,661,793$5,601,790$3,617,370$10,499,646
94$23,813,280$5,818,262$3,680,535$11,303,247
95$26,182,391$6,043,513$3,743,989$12,180,444
96$28,791,266$6,277,916$3,807,684$13,138,465
97$31,664,301$6,521,861$3,871,568$14,185,270
98$34,828,381$6,775,753$3,935,586$15,329,615
99$38,313,128$7,040,017$3,999,681$16,581,144
100$42,151,185$7,315,095$4,063,788$17,950,470