Can I retire at age 69 with 2,220,000?

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 $2,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$183,326$181,693$180,099$178,544$177,026$172,817
2 years$90,755$89,065$87,427$85,839$84,298$80,082
3 years$59,902$58,205$56,571$54,998$53,482$49,391
4 years$44,479$42,787$41,169$39,623$38,144$34,209
5 years$35,228$33,545$31,949$30,434$28,996$25,229
6 years$29,062$27,392$25,820$24,338$22,944$19,347
7 years$24,659$23,004$21,456$20,010$18,660$15,235
8 years$21,359$19,719$18,197$16,786$15,480$12,225
9 years$18,794$17,169$15,673$14,298$13,036$9,950
10 years$16,742$15,133$13,664$12,325$11,108$8,185
11 years$15,065$13,472$12,029$10,726$9,553$6,791
12 years$13,669$12,092$10,676$9,408$8,278$5,672
13 years$12,488$10,928$9,538$8,306$7,219$4,763
14 years$11,477$9,933$8,570$7,373$6,328$4,017
15 years$10,601$9,074$7,738$6,576$5,572$3,401
16 years$9,835$8,325$7,015$5,888$4,924$2,888
17 years$9,161$7,667$6,384$5,290$4,366$2,458
18 years$8,562$7,085$5,827$4,768$3,882$2,097
19 years$8,026$6,566$5,335$4,308$3,460$1,792
20 years$7,545$6,102$4,896$3,902$3,091$1,534
21 years$7,110$5,683$4,503$3,541$2,766$1,315
22 years$6,715$5,305$4,150$3,220$2,479$1,128
23 years$6,356$4,962$3,832$2,932$2,226$968
24 years$6,026$4,649$3,544$2,674$2,000$832
25 years$5,724$4,363$3,283$2,442$1,800$716
26 years$5,445$4,100$3,044$2,233$1,621$616
27 years$5,187$3,859$2,827$2,044$1,462$530
28 years$4,948$3,636$2,628$1,873$1,319$457
29 years$4,726$3,430$2,446$1,717$1,191$393
30 years$4,519$3,240$2,278$1,576$1,076$339
31 years$4,326$3,062$2,124$1,448$973$292
32 years$4,145$2,898$1,982$1,330$880$252
33 years$3,976$2,744$1,850$1,223$797$217
34 years$3,817$2,601$1,729$1,126$721$188
35 years$3,667$2,467$1,616$1,036$653$162
36 years$3,526$2,341$1,512$954$592$140
37 years$3,393$2,224$1,415$879$536$120
38 years$3,267$2,113$1,325$810$486$104
39 years$3,148$2,010$1,242$747$441$90
40 years$3,035$1,912$1,164$689$400$77
41 years$2,928$1,820$1,091$636$363$67
42 years$2,826$1,733$1,024$587$329$58
43 years$2,730$1,652$960$542$299$50
44 years$2,638$1,574$902$500$271$43
45 years$2,550$1,501$847$462$246$37
46 years$2,466$1,432$795$427$224$32
47 years$2,387$1,367$747$394$203$28
48 years$2,310$1,305$702$364$184$24
49 years$2,237$1,246$660$337$167$21
50 years$2,167$1,190$620$311$152$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,220,000, adding $2,986 every year, while hoping to spend $47,408 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: 54/37/9 Blend
68$2,220,000$2,220,000$2,220,000$2,220,000
69$2,449,520$2,331,860$2,297,450$2,576,188
70$2,648,929$2,395,679$2,323,973$2,726,169
71$2,867,089$2,461,037$2,349,795$2,883,882
72$3,105,863$2,527,958$2,374,844$3,054,400
73$3,367,301$2,596,468$2,399,041$3,238,947
74$3,653,661$2,666,591$2,422,305$3,438,868
75$3,967,432$2,738,351$2,444,549$3,655,645
76$4,311,352$2,811,772$2,465,683$3,890,909
77$4,688,438$2,886,877$2,485,611$4,146,455
78$5,102,012$2,963,687$2,504,233$4,424,260
79$5,555,734$3,042,225$2,521,442$4,726,500
80$6,053,636$3,122,511$2,537,127$5,055,572
81$6,600,157$3,204,564$2,551,171$5,414,114
82$7,200,188$3,288,403$2,563,451$5,805,034
83$7,859,117$3,374,045$2,573,836$6,231,531
84$8,582,879$3,461,505$2,582,191$6,697,132
85$9,378,012$3,550,798$2,588,374$7,205,719
86$10,251,718$3,641,936$2,592,234$7,761,569
87$11,211,933$3,734,930$2,593,613$8,369,394
88$12,267,397$3,829,788$2,592,346$9,034,385
89$13,427,742$3,926,518$2,588,260$9,762,258
90$14,703,578$4,025,124$2,581,172$10,559,313
91$16,106,594$4,125,606$2,570,893$11,432,490
92$17,649,671$4,227,965$2,557,222$12,389,433
93$19,346,997$4,332,196$2,539,949$13,438,566
94$21,214,209$4,438,291$2,518,856$14,589,171
95$23,268,531$4,546,241$2,493,710$15,851,471
96$25,528,945$4,656,029$2,464,273$17,236,735
97$28,016,361$4,767,639$2,430,290$18,757,376
98$30,753,823$4,881,047$2,391,498$20,427,074
99$33,766,720$4,996,225$2,347,620$22,260,900
100$37,083,026$5,113,141$2,298,366$24,275,462