Can I retire at age 69 with 2,210,000?

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 $2,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$182,500$180,874$179,288$177,740$176,229$171,481
2 years$90,346$88,664$87,033$85,452$83,918$79,170
3 years$59,633$57,943$56,316$54,750$53,241$48,640
4 years$44,279$42,594$40,984$39,444$37,972$33,553
5 years$35,069$33,394$31,805$30,297$28,866$24,641
6 years$28,931$27,269$25,703$24,229$22,841$18,814
7 years$24,548$22,900$21,359$19,920$18,575$14,748
8 years$21,263$19,630$18,115$16,710$15,410$11,780
9 years$18,709$17,091$15,602$14,233$12,978$9,540
10 years$16,667$15,065$13,602$12,269$11,058$7,810
11 years$14,997$13,412$11,975$10,678$9,510$6,446
12 years$13,607$12,038$10,628$9,366$8,241$5,356
13 years$12,432$10,878$9,495$8,269$7,186$4,473
14 years$11,425$9,888$8,531$7,340$6,300$3,753
15 years$10,553$9,033$7,703$6,546$5,547$3,159
16 years$9,791$8,288$6,984$5,861$4,902$2,667
17 years$9,119$7,633$6,355$5,266$4,347$2,257
18 years$8,523$7,053$5,801$4,746$3,865$1,914
19 years$7,990$6,537$5,311$4,288$3,445$1,626
20 years$7,511$6,074$4,874$3,884$3,077$1,383
21 years$7,078$5,658$4,483$3,525$2,753$1,178
22 years$6,685$5,281$4,132$3,205$2,468$1,005
23 years$6,327$4,940$3,815$2,919$2,216$857
24 years$5,999$4,628$3,528$2,662$1,991$732
25 years$5,698$4,343$3,268$2,431$1,792$626
26 years$5,420$4,082$3,031$2,223$1,614$535
27 years$5,163$3,842$2,814$2,035$1,455$457
28 years$4,926$3,620$2,616$1,864$1,313$391
29 years$4,705$3,415$2,435$1,710$1,186$335
30 years$4,499$3,225$2,268$1,569$1,071$287
31 years$4,306$3,049$2,114$1,441$969$246
32 years$4,126$2,885$1,973$1,324$876$210
33 years$3,958$2,732$1,842$1,218$793$180
34 years$3,799$2,589$1,721$1,120$718$154
35 years$3,650$2,456$1,609$1,031$650$132
36 years$3,510$2,331$1,505$950$589$113
37 years$3,377$2,214$1,409$875$534$97
38 years$3,252$2,104$1,319$807$484$83
39 years$3,134$2,001$1,236$744$439$71
40 years$3,021$1,903$1,158$686$398$61
41 years$2,915$1,812$1,086$633$361$53
42 years$2,814$1,726$1,019$584$328$45
43 years$2,717$1,644$956$539$297$39
44 years$2,626$1,567$898$498$270$33
45 years$2,539$1,494$843$460$245$28
46 years$2,455$1,426$792$425$223$24
47 years$2,376$1,361$744$392$202$21
48 years$2,300$1,299$699$363$184$18
49 years$2,227$1,240$657$335$167$15
50 years$2,158$1,185$618$310$151$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,210,000, adding $5,290 every year, while hoping to spend $49,167 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: 48/40/12 Blend
68$2,210,000$2,210,000$2,210,000$2,210,000
69$2,440,877$2,323,747$2,289,492$2,549,717
70$2,637,533$2,385,297$2,313,876$2,686,784
71$2,852,600$2,448,215$2,337,430$2,829,987
72$3,087,904$2,512,517$2,360,073$2,984,366
73$3,345,456$2,578,216$2,381,721$3,150,980
74$3,627,470$2,645,326$2,402,286$3,330,995
75$3,936,383$2,713,858$2,421,674$3,525,694
76$4,274,882$2,783,825$2,439,788$3,736,490
77$4,645,922$2,855,235$2,456,523$3,964,939
78$5,052,761$2,928,096$2,471,772$4,212,753
79$5,498,986$3,002,416$2,485,419$4,481,819
80$5,988,548$3,078,199$2,497,345$4,774,213
81$6,525,797$3,155,449$2,507,424$5,092,223
82$7,115,528$3,234,165$2,515,522$5,438,369
83$7,763,021$3,314,348$2,521,501$5,815,427
84$8,474,092$3,395,994$2,525,215$6,226,453
85$9,255,148$3,479,097$2,526,508$6,674,816
86$10,113,248$3,563,647$2,525,221$7,164,225
87$11,056,168$3,649,634$2,521,184$7,698,767
88$12,092,473$3,737,043$2,514,220$8,282,947
89$13,231,602$3,825,855$2,504,143$8,921,725
90$14,483,951$3,916,047$2,490,758$9,620,568
91$15,860,976$4,007,596$2,473,860$10,385,500
92$17,375,297$4,100,469$2,453,236$11,223,156
93$19,040,818$4,194,633$2,428,660$12,140,850
94$20,872,860$4,290,048$2,399,898$13,146,640
95$22,888,301$4,386,670$2,366,704$14,249,405
96$25,105,739$4,484,448$2,328,820$15,458,930
97$27,545,664$4,583,326$2,285,976$16,785,997
98$30,230,655$4,683,242$2,237,889$18,242,487
99$33,185,588$4,784,127$2,184,265$19,841,494
100$36,437,874$4,885,905$2,124,793$21,597,448