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%14%
1 years$181,674$180,056$178,477$176,936$175,431$172,525
2 years$89,938$88,263$86,639$85,065$83,539$80,619
3 years$59,363$57,681$56,061$54,502$53,000$50,158
4 years$44,078$42,401$40,798$39,266$37,800$35,058
5 years$34,910$33,243$31,661$30,160$28,735$26,100
6 years$28,800$27,146$25,587$24,119$22,737$20,213
7 years$24,437$22,797$21,263$19,830$18,491$16,078
8 years$21,167$19,541$18,033$16,635$15,340$13,038
9 years$18,624$17,014$15,531$14,169$12,919$10,726
10 years$16,592$14,997$13,541$12,214$11,007$8,922
11 years$14,930$13,351$11,921$10,630$9,467$7,487
12 years$13,546$11,983$10,580$9,324$8,204$6,326
13 years$12,375$10,829$9,452$8,231$7,154$5,377
14 years$11,373$9,843$8,493$7,307$6,271$4,591
15 years$10,505$8,992$7,668$6,516$5,521$3,935
16 years$9,747$8,250$6,952$5,835$4,880$3,384
17 years$9,078$7,598$6,326$5,243$4,327$2,918
18 years$8,485$7,021$5,775$4,725$3,847$2,523
19 years$7,954$6,507$5,287$4,269$3,429$2,185
20 years$7,477$6,047$4,852$3,866$3,063$1,895
21 years$7,046$5,632$4,463$3,509$2,741$1,647
22 years$6,655$5,257$4,113$3,191$2,457$1,433
23 years$6,298$4,917$3,798$2,906$2,205$1,247
24 years$5,972$4,607$3,512$2,650$1,982$1,087
25 years$5,672$4,323$3,253$2,420$1,784$949
26 years$5,396$4,063$3,017$2,213$1,607$828
27 years$5,140$3,824$2,802$2,026$1,449$723
28 years$4,903$3,603$2,604$1,856$1,307$632
29 years$4,683$3,399$2,424$1,702$1,180$553
30 years$4,478$3,210$2,258$1,562$1,066$484
31 years$4,287$3,035$2,105$1,434$964$423
32 years$4,108$2,872$1,964$1,318$872$370
33 years$3,940$2,719$1,833$1,212$789$324
34 years$3,782$2,577$1,713$1,115$715$284
35 years$3,634$2,445$1,602$1,027$647$249
36 years$3,494$2,320$1,498$946$586$218
37 years$3,362$2,204$1,402$871$532$191
38 years$3,238$2,094$1,313$803$482$167
39 years$3,120$1,992$1,230$740$437$147
40 years$3,008$1,895$1,153$683$396$129
41 years$2,902$1,804$1,081$630$360$113
42 years$2,801$1,718$1,014$582$326$99
43 years$2,705$1,637$952$537$296$87
44 years$2,614$1,560$893$496$269$76
45 years$2,527$1,488$839$458$244$67
46 years$2,444$1,419$788$423$222$58
47 years$2,365$1,354$740$391$201$51
48 years$2,289$1,293$696$361$183$45
49 years$2,217$1,235$654$334$166$39
50 years$2,148$1,179$615$308$151$35

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 $5,026 every year, while hoping to spend $59,295 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: 44/28/28 Blend
68$2,200,000$2,200,000$2,200,000$2,200,000
69$2,429,584$2,312,984$2,278,884$2,516,538
70$2,614,312$2,363,231$2,292,138$2,629,344
71$2,815,896$2,413,953$2,303,847$2,745,509
72$3,035,990$2,465,110$2,313,900$2,870,303
73$3,276,420$2,516,659$2,322,174$3,004,561
74$3,539,193$2,568,553$2,328,545$3,149,209
75$3,826,518$2,620,740$2,332,879$3,305,263
76$4,140,831$2,673,164$2,335,038$3,473,847
77$4,484,809$2,725,762$2,334,875$3,656,200
78$4,861,404$2,778,469$2,332,238$3,853,689
79$5,273,864$2,831,211$2,326,965$4,067,822
80$5,725,769$2,883,911$2,318,888$4,300,261
81$6,221,057$2,936,483$2,307,832$4,552,843
82$6,764,070$2,988,835$2,293,609$4,827,590
83$7,359,587$3,040,870$2,276,026$5,126,736
84$8,012,872$3,092,480$2,254,881$5,452,743
85$8,729,725$3,143,551$2,229,959$5,808,328
86$9,516,532$3,193,960$2,201,037$6,196,487
87$10,380,329$3,243,575$2,167,883$6,620,525
88$11,328,866$3,292,254$2,130,251$7,084,089
89$12,370,681$3,339,845$2,087,885$7,591,199
90$13,515,179$3,386,186$2,040,518$8,146,291
91$14,772,721$3,431,102$1,987,868$8,754,255
92$16,154,719$3,474,408$1,929,643$9,420,489
93$17,673,750$3,515,903$1,865,536$10,150,940
94$19,343,667$3,555,376$1,795,225$10,952,173
95$21,179,731$3,592,600$1,718,375$11,831,423
96$23,198,759$3,627,333$1,634,636$12,796,671
97$25,419,277$3,659,316$1,543,641$13,856,721
98$27,861,696$3,688,276$1,445,006$15,021,276
99$30,548,506$3,713,918$1,338,330$16,301,040
100$33,504,485$3,735,932$1,223,196$17,707,816