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

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 $2,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$183,326$181,693$180,099$178,544$177,026$173,452
2 years$90,755$89,065$87,427$85,839$84,298$80,713
3 years$59,902$58,205$56,571$54,998$53,482$49,998
4 years$44,479$42,787$41,169$39,623$38,144$34,787
5 years$35,228$33,545$31,949$30,434$28,996$25,777
6 years$29,062$27,392$25,820$24,338$22,944$19,865
7 years$24,659$23,004$21,456$20,010$18,660$15,722
8 years$21,359$19,719$18,197$16,786$15,480$12,682
9 years$18,794$17,169$15,673$14,298$13,036$10,377
10 years$16,742$15,133$13,664$12,325$11,108$8,585
11 years$15,065$13,472$12,029$10,726$9,553$7,163
12 years$13,669$12,092$10,676$9,408$8,278$6,018
13 years$12,488$10,928$9,538$8,306$7,219$5,084
14 years$11,477$9,933$8,570$7,373$6,328$4,315
15 years$10,601$9,074$7,738$6,576$5,572$3,675
16 years$9,835$8,325$7,015$5,888$4,924$3,141
17 years$9,161$7,667$6,384$5,290$4,366$2,691
18 years$8,562$7,085$5,827$4,768$3,882$2,311
19 years$8,026$6,566$5,335$4,308$3,460$1,988
20 years$7,545$6,102$4,896$3,902$3,091$1,713
21 years$7,110$5,683$4,503$3,541$2,766$1,478
22 years$6,715$5,305$4,150$3,220$2,479$1,277
23 years$6,356$4,962$3,832$2,932$2,226$1,105
24 years$6,026$4,649$3,544$2,674$2,000$956
25 years$5,724$4,363$3,283$2,442$1,800$828
26 years$5,445$4,100$3,044$2,233$1,621$718
27 years$5,187$3,859$2,827$2,044$1,462$622
28 years$4,948$3,636$2,628$1,873$1,319$540
29 years$4,726$3,430$2,446$1,717$1,191$469
30 years$4,519$3,240$2,278$1,576$1,076$407
31 years$4,326$3,062$2,124$1,448$973$353
32 years$4,145$2,898$1,982$1,330$880$307
33 years$3,976$2,744$1,850$1,223$797$267
34 years$3,817$2,601$1,729$1,126$721$232
35 years$3,667$2,467$1,616$1,036$653$202
36 years$3,526$2,341$1,512$954$592$175
37 years$3,393$2,224$1,415$879$536$152
38 years$3,267$2,113$1,325$810$486$133
39 years$3,148$2,010$1,242$747$441$115
40 years$3,035$1,912$1,164$689$400$100
41 years$2,928$1,820$1,091$636$363$87
42 years$2,826$1,733$1,024$587$329$76
43 years$2,730$1,652$960$542$299$66
44 years$2,638$1,574$902$500$271$57
45 years$2,550$1,501$847$462$246$50
46 years$2,466$1,432$795$427$224$43
47 years$2,387$1,367$747$394$203$38
48 years$2,310$1,305$702$364$184$33
49 years$2,237$1,246$660$337$167$29
50 years$2,167$1,190$620$311$152$25

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 $5,008 every year, while hoping to spend $38,638 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: 77/7/16 Blend
68$2,220,000$2,220,000$2,220,000$2,220,000
69$2,451,606$2,333,946$2,299,536$2,631,467
70$2,660,559$2,407,199$2,335,460$2,824,133
71$2,889,531$2,482,746$2,371,292$3,030,010
72$3,140,521$2,560,659$2,406,989$3,254,727
73$3,415,735$2,641,012$2,442,504$3,500,150
74$3,717,600$2,723,881$2,477,788$3,768,338
75$4,048,789$2,809,345$2,512,787$4,061,556
76$4,412,247$2,897,484$2,547,447$4,382,300
77$4,811,217$2,988,383$2,581,708$4,733,319
78$5,249,274$3,082,126$2,615,508$5,117,641
79$5,730,353$3,178,803$2,648,780$5,538,602
80$6,258,790$3,278,506$2,681,455$5,999,875
81$6,839,362$3,381,327$2,713,459$6,505,510
82$7,477,330$3,487,366$2,744,713$7,059,966
83$8,178,493$3,596,722$2,775,136$7,668,155
84$8,949,236$3,709,498$2,804,640$8,335,490
85$9,796,595$3,825,801$2,833,133$9,067,935
86$10,728,324$3,945,741$2,860,519$9,872,060
87$11,752,961$4,069,431$2,886,695$10,755,102
88$12,879,918$4,196,987$2,911,553$11,725,039
89$14,119,561$4,328,531$2,934,982$12,790,657
90$15,483,313$4,464,186$2,956,861$13,961,638
91$16,983,760$4,604,080$2,977,065$15,248,651
92$18,634,769$4,748,346$2,995,462$16,663,450
93$20,451,618$4,897,118$3,011,913$18,218,988
94$22,451,144$5,050,537$3,026,272$19,929,536
95$24,651,895$5,208,748$3,038,387$21,810,820
96$27,074,311$5,371,899$3,048,095$23,880,168
97$29,740,913$5,540,144$3,055,229$26,156,674
98$32,676,516$5,713,641$3,059,609$28,661,376
99$35,908,465$5,892,554$3,061,050$31,417,460
100$39,466,889$6,077,050$3,059,357$34,450,471