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

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 $2,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$182,500$180,874$179,288$177,740$176,229$171,898
2 years$90,346$88,664$87,033$85,452$83,918$79,583
3 years$59,633$57,943$56,316$54,750$53,241$49,035
4 years$44,279$42,594$40,984$39,444$37,972$33,928
5 years$35,069$33,394$31,805$30,297$28,866$24,996
6 years$28,931$27,269$25,703$24,229$22,841$19,148
7 years$24,548$22,900$21,359$19,920$18,575$15,060
8 years$21,263$19,630$18,115$16,710$15,410$12,071
9 years$18,709$17,091$15,602$14,233$12,978$9,812
10 years$16,667$15,065$13,602$12,269$11,058$8,062
11 years$14,997$13,412$11,975$10,678$9,510$6,680
12 years$13,607$12,038$10,628$9,366$8,241$5,572
13 years$12,432$10,878$9,495$8,269$7,186$4,673
14 years$11,425$9,888$8,531$7,340$6,300$3,936
15 years$10,553$9,033$7,703$6,546$5,547$3,328
16 years$9,791$8,288$6,984$5,861$4,902$2,821
17 years$9,119$7,633$6,355$5,266$4,347$2,398
18 years$8,523$7,053$5,801$4,746$3,865$2,043
19 years$7,990$6,537$5,311$4,288$3,445$1,743
20 years$7,511$6,074$4,874$3,884$3,077$1,490
21 years$7,078$5,658$4,483$3,525$2,753$1,275
22 years$6,685$5,281$4,132$3,205$2,468$1,092
23 years$6,327$4,940$3,815$2,919$2,216$936
24 years$5,999$4,628$3,528$2,662$1,991$803
25 years$5,698$4,343$3,268$2,431$1,792$690
26 years$5,420$4,082$3,031$2,223$1,614$593
27 years$5,163$3,842$2,814$2,035$1,455$509
28 years$4,926$3,620$2,616$1,864$1,313$438
29 years$4,705$3,415$2,435$1,710$1,186$377
30 years$4,499$3,225$2,268$1,569$1,071$324
31 years$4,306$3,049$2,114$1,441$969$279
32 years$4,126$2,885$1,973$1,324$876$240
33 years$3,958$2,732$1,842$1,218$793$207
34 years$3,799$2,589$1,721$1,120$718$178
35 years$3,650$2,456$1,609$1,031$650$153
36 years$3,510$2,331$1,505$950$589$132
37 years$3,377$2,214$1,409$875$534$114
38 years$3,252$2,104$1,319$807$484$98
39 years$3,134$2,001$1,236$744$439$85
40 years$3,021$1,903$1,158$686$398$73
41 years$2,915$1,812$1,086$633$361$63
42 years$2,814$1,726$1,019$584$328$54
43 years$2,717$1,644$956$539$297$47
44 years$2,626$1,567$898$498$270$40
45 years$2,539$1,494$843$460$245$35
46 years$2,455$1,426$792$425$223$30
47 years$2,376$1,361$744$392$202$26
48 years$2,300$1,299$699$363$184$22
49 years$2,227$1,240$657$335$167$19
50 years$2,158$1,185$618$310$151$16

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 $5,060 every year, while hoping to spend $42,793 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: 74/11/15 Blend
68$2,210,000$2,210,000$2,210,000$2,210,000
69$2,440,639$2,323,509$2,289,254$2,612,846
70$2,644,053$2,391,830$2,320,413$2,795,799
71$2,866,781$2,462,064$2,351,181$2,990,426
72$3,110,748$2,534,260$2,381,501$3,202,534
73$3,378,073$2,608,468$2,411,310$3,433,847
74$3,671,091$2,684,737$2,440,544$3,686,266
75$3,992,373$2,763,121$2,469,133$3,961,881
76$4,344,752$2,843,670$2,497,005$4,262,998
77$4,731,345$2,926,438$2,524,084$4,592,154
78$5,155,589$3,011,481$2,550,287$4,952,145
79$5,621,268$3,098,852$2,575,530$5,346,050
80$6,132,550$3,188,608$2,599,723$5,777,260
81$6,694,027$3,280,807$2,622,771$6,249,513
82$7,310,757$3,375,506$2,644,573$6,766,925
83$7,988,313$3,472,764$2,665,025$7,334,030
84$8,732,833$3,572,642$2,684,015$7,955,824
85$9,551,080$3,675,199$2,701,428$8,637,812
86$10,450,504$3,780,498$2,717,140$9,386,057
87$11,439,314$3,888,601$2,731,023$10,207,240
88$12,526,552$3,999,571$2,742,940$11,108,723
89$13,722,183$4,113,472$2,752,751$12,098,614
90$15,037,182$4,230,369$2,760,305$13,185,852
91$16,483,644$4,350,327$2,765,445$14,380,281
92$18,074,895$4,473,411$2,768,006$15,692,750
93$19,825,615$4,599,690$2,767,815$17,135,213
94$21,751,982$4,729,229$2,764,691$18,720,841
95$23,871,819$4,862,096$2,758,443$20,464,148
96$26,204,766$4,998,360$2,748,872$22,381,127
97$28,772,460$5,138,088$2,735,768$24,489,398
98$31,598,746$5,281,349$2,718,911$26,808,380
99$34,709,896$5,428,212$2,698,072$29,359,469
100$38,134,857$5,578,746$2,673,009$32,166,244