Can I retire at age 69 with 2,200,000?

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 $2,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$181,674$180,056$178,477$176,936$175,431$170,568
2 years$89,938$88,263$86,639$85,065$83,539$78,675
3 years$59,363$57,681$56,061$54,502$53,000$48,289
4 years$44,078$42,401$40,798$39,266$37,800$33,277
5 years$34,910$33,243$31,661$30,160$28,735$24,413
6 years$28,800$27,146$25,587$24,119$22,737$18,620
7 years$24,437$22,797$21,263$19,830$18,491$14,579
8 years$21,167$19,541$18,033$16,635$15,340$11,631
9 years$18,624$17,014$15,531$14,169$12,919$9,409
10 years$16,592$14,997$13,541$12,214$11,007$7,692
11 years$14,930$13,351$11,921$10,630$9,467$6,341
12 years$13,546$11,983$10,580$9,324$8,204$5,261
13 years$12,375$10,829$9,452$8,231$7,154$4,389
14 years$11,373$9,843$8,493$7,307$6,271$3,676
15 years$10,505$8,992$7,668$6,516$5,521$3,091
16 years$9,747$8,250$6,952$5,835$4,880$2,606
17 years$9,078$7,598$6,326$5,243$4,327$2,202
18 years$8,485$7,021$5,775$4,725$3,847$1,865
19 years$7,954$6,507$5,287$4,269$3,429$1,582
20 years$7,477$6,047$4,852$3,866$3,063$1,344
21 years$7,046$5,632$4,463$3,509$2,741$1,143
22 years$6,655$5,257$4,113$3,191$2,457$973
23 years$6,298$4,917$3,798$2,906$2,205$829
24 years$5,972$4,607$3,512$2,650$1,982$707
25 years$5,672$4,323$3,253$2,420$1,784$603
26 years$5,396$4,063$3,017$2,213$1,607$515
27 years$5,140$3,824$2,802$2,026$1,449$439
28 years$4,903$3,603$2,604$1,856$1,307$375
29 years$4,683$3,399$2,424$1,702$1,180$321
30 years$4,478$3,210$2,258$1,562$1,066$274
31 years$4,287$3,035$2,105$1,434$964$234
32 years$4,108$2,872$1,964$1,318$872$200
33 years$3,940$2,719$1,833$1,212$789$171
34 years$3,782$2,577$1,713$1,115$715$147
35 years$3,634$2,445$1,602$1,027$647$125
36 years$3,494$2,320$1,498$946$586$107
37 years$3,362$2,204$1,402$871$532$92
38 years$3,238$2,094$1,313$803$482$79
39 years$3,120$1,992$1,230$740$437$67
40 years$3,008$1,895$1,153$683$396$58
41 years$2,902$1,804$1,081$630$360$49
42 years$2,801$1,718$1,014$582$326$42
43 years$2,705$1,637$952$537$296$36
44 years$2,614$1,560$893$496$269$31
45 years$2,527$1,488$839$458$244$26
46 years$2,444$1,419$788$423$222$23
47 years$2,365$1,354$740$391$201$19
48 years$2,289$1,293$696$361$183$17
49 years$2,217$1,235$654$334$166$14
50 years$2,148$1,179$615$308$151$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,200,000, adding $6,313 every year, while hoping to spend $41,314 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: 78/11/11 Blend
68$2,200,000$2,200,000$2,200,000$2,200,000
69$2,430,912$2,314,312$2,280,212$2,615,212
70$2,634,907$2,383,755$2,312,641$2,806,731
71$2,858,325$2,455,217$2,344,772$3,010,794
72$3,103,104$2,528,752$2,376,551$3,233,420
73$3,371,376$2,604,417$2,407,922$3,476,444
74$3,665,493$2,682,269$2,438,823$3,741,887
75$3,988,042$2,762,369$2,469,193$4,031,971
76$4,341,874$2,844,777$2,498,963$4,349,148
77$4,730,129$2,929,555$2,528,062$4,696,115
78$5,156,266$3,016,767$2,556,415$5,075,844
79$5,624,094$3,106,478$2,583,944$5,491,609
80$6,137,810$3,198,753$2,610,565$5,947,015
81$6,702,037$3,293,663$2,636,189$6,446,034
82$7,321,867$3,391,275$2,660,724$6,993,041
83$8,002,911$3,491,661$2,684,072$7,592,855
84$8,751,349$3,594,894$2,706,130$8,250,786
85$9,573,991$3,701,047$2,726,789$8,972,683
86$10,478,337$3,810,197$2,745,935$9,764,989
87$11,472,652$3,922,422$2,763,449$10,634,805
88$12,566,041$4,037,799$2,779,203$11,589,951
89$13,768,536$4,156,410$2,793,065$12,639,044
90$15,091,189$4,278,337$2,804,895$13,791,579
91$16,546,179$4,403,663$2,814,547$15,058,017
92$18,146,921$4,532,475$2,821,867$16,449,882
93$19,908,200$4,664,859$2,826,692$17,979,874
94$21,846,303$4,800,904$2,828,853$19,661,984
95$23,979,178$4,940,700$2,828,172$21,511,630
96$26,326,600$5,084,340$2,824,461$23,545,799
97$28,910,357$5,231,917$2,817,525$25,783,209
98$31,754,458$5,383,526$2,807,157$28,244,484
99$34,885,358$5,539,264$2,793,142$30,952,350
100$38,332,207$5,699,229$2,775,254$33,931,849