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%11.6%
1 years$182,500$180,874$179,288$177,740$176,229$175,045
2 years$90,346$88,664$87,033$85,452$83,918$82,724
3 years$59,633$57,943$56,316$54,750$53,241$52,074
4 years$44,279$42,594$40,984$39,444$37,972$36,841
5 years$35,069$33,394$31,805$30,297$28,866$27,774
6 years$28,931$27,269$25,703$24,229$22,841$21,789
7 years$24,548$22,900$21,359$19,920$18,575$17,565
8 years$21,263$19,630$18,115$16,710$15,410$14,441
9 years$18,709$17,091$15,602$14,233$12,978$12,049
10 years$16,667$15,065$13,602$12,269$11,058$10,169
11 years$14,997$13,412$11,975$10,678$9,510$8,661
12 years$13,607$12,038$10,628$9,366$8,241$7,432
13 years$12,432$10,878$9,495$8,269$7,186$6,415
14 years$11,425$9,888$8,531$7,340$6,300$5,566
15 years$10,553$9,033$7,703$6,546$5,547$4,849
16 years$9,791$8,288$6,984$5,861$4,902$4,240
17 years$9,119$7,633$6,355$5,266$4,347$3,718
18 years$8,523$7,053$5,801$4,746$3,865$3,270
19 years$7,990$6,537$5,311$4,288$3,445$2,881
20 years$7,511$6,074$4,874$3,884$3,077$2,544
21 years$7,078$5,658$4,483$3,525$2,753$2,251
22 years$6,685$5,281$4,132$3,205$2,468$1,994
23 years$6,327$4,940$3,815$2,919$2,216$1,768
24 years$5,999$4,628$3,528$2,662$1,991$1,570
25 years$5,698$4,343$3,268$2,431$1,792$1,396
26 years$5,420$4,082$3,031$2,223$1,614$1,242
27 years$5,163$3,842$2,814$2,035$1,455$1,106
28 years$4,926$3,620$2,616$1,864$1,313$985
29 years$4,705$3,415$2,435$1,710$1,186$878
30 years$4,499$3,225$2,268$1,569$1,071$784
31 years$4,306$3,049$2,114$1,441$969$699
32 years$4,126$2,885$1,973$1,324$876$624
33 years$3,958$2,732$1,842$1,218$793$558
34 years$3,799$2,589$1,721$1,120$718$498
35 years$3,650$2,456$1,609$1,031$650$445
36 years$3,510$2,331$1,505$950$589$398
37 years$3,377$2,214$1,409$875$534$356
38 years$3,252$2,104$1,319$807$484$319
39 years$3,134$2,001$1,236$744$439$285
40 years$3,021$1,903$1,158$686$398$255
41 years$2,915$1,812$1,086$633$361$228
42 years$2,814$1,726$1,019$584$328$204
43 years$2,717$1,644$956$539$297$183
44 years$2,626$1,567$898$498$270$164
45 years$2,539$1,494$843$460$245$147
46 years$2,455$1,426$792$425$223$131
47 years$2,376$1,361$744$392$202$117
48 years$2,300$1,299$699$363$184$105
49 years$2,227$1,240$657$335$167$94
50 years$2,158$1,185$618$310$151$84

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 $2,179 every year, while hoping to spend $48,480 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: 48/43/9 Blend
68$2,210,000$2,210,000$2,210,000$2,210,000
69$2,437,668$2,320,538$2,286,283$2,548,648
70$2,634,727$2,382,662$2,311,291$2,687,165
71$2,850,262$2,446,205$2,335,512$2,832,209
72$3,086,106$2,511,186$2,358,868$2,988,566
73$3,344,277$2,577,622$2,381,278$3,157,306
74$3,626,998$2,645,530$2,402,656$3,339,604
75$3,936,717$2,714,926$2,422,910$3,536,754
76$4,276,130$2,785,825$2,441,945$3,750,180
77$4,648,205$2,858,241$2,459,661$3,981,449
78$5,056,214$2,932,187$2,475,952$4,232,286
79$5,503,758$3,007,674$2,490,706$4,504,593
80$5,994,802$3,084,711$2,503,806$4,800,461
81$6,533,718$3,163,308$2,515,129$5,122,193
82$7,125,317$3,243,470$2,524,546$5,472,327
83$7,774,903$3,325,203$2,531,921$5,853,657
84$8,488,314$3,408,509$2,537,112$6,269,261
85$9,271,985$3,493,389$2,539,968$6,722,527
86$10,133,003$3,579,841$2,540,332$7,217,190
87$11,079,176$3,667,860$2,538,040$7,757,362
88$12,119,106$3,757,439$2,532,918$8,347,574
89$13,262,269$3,848,567$2,524,785$8,992,818
90$14,519,105$3,941,232$2,513,451$9,698,592
91$15,901,118$4,035,417$2,498,715$10,470,955
92$17,420,979$4,131,099$2,480,370$11,316,582
93$19,092,652$4,228,256$2,458,195$12,242,827
94$20,931,519$4,326,857$2,431,961$13,257,792
95$22,954,531$4,426,870$2,401,428$14,370,407
96$25,180,361$4,528,255$2,366,344$15,590,508
97$27,629,587$4,630,968$2,326,446$16,928,936
98$30,324,880$4,734,961$2,281,457$18,397,636
99$33,291,221$4,840,177$2,231,089$20,009,769
100$36,556,134$4,946,555$2,175,039$21,779,840