Can I retire at age 69 with 2,230,000?

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 $2,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$184,151$182,511$180,911$179,349$177,823$173,103
2 years$91,164$89,466$87,821$86,225$84,678$79,955
3 years$60,172$58,467$56,826$55,245$53,723$49,146
4 years$44,679$42,980$41,355$39,801$38,316$33,919
5 years$35,386$33,696$32,093$30,571$29,127$24,923
6 years$29,193$27,516$25,936$24,448$23,047$19,040
7 years$24,771$23,108$21,553$20,100$18,744$14,934
8 years$21,455$19,808$18,278$16,861$15,550$11,935
9 years$18,878$17,246$15,743$14,362$13,095$9,672
10 years$16,818$15,202$13,725$12,380$11,158$7,922
11 years$15,133$13,533$12,084$10,775$9,596$6,543
12 years$13,730$12,147$10,724$9,451$8,316$5,440
13 years$12,544$10,977$9,581$8,344$7,251$4,547
14 years$11,528$9,978$8,609$7,407$6,357$3,817
15 years$10,649$9,115$7,772$6,605$5,597$3,215
16 years$9,880$8,363$7,047$5,914$4,946$2,717
17 years$9,202$7,702$6,412$5,314$4,386$2,301
18 years$8,600$7,117$5,854$4,789$3,900$1,953
19 years$8,062$6,596$5,359$4,327$3,476$1,660
20 years$7,579$6,129$4,918$3,919$3,105$1,413
21 years$7,142$5,709$4,524$3,557$2,778$1,205
22 years$6,746$5,329$4,169$3,234$2,490$1,028
23 years$6,384$4,984$3,850$2,945$2,236$878
24 years$6,053$4,670$3,560$2,686$2,009$750
25 years$5,749$4,382$3,297$2,453$1,808$642
26 years$5,469$4,119$3,058$2,243$1,629$549
27 years$5,210$3,876$2,840$2,053$1,468$470
28 years$4,970$3,653$2,640$1,881$1,325$402
29 years$4,747$3,446$2,457$1,725$1,196$345
30 years$4,539$3,254$2,288$1,583$1,081$295
31 years$4,345$3,076$2,133$1,454$977$253
32 years$4,164$2,911$1,990$1,336$884$217
33 years$3,994$2,757$1,858$1,229$800$186
34 years$3,834$2,613$1,736$1,131$724$160
35 years$3,683$2,478$1,623$1,041$656$137
36 years$3,542$2,352$1,519$959$594$117
37 years$3,408$2,234$1,421$883$539$101
38 years$3,282$2,123$1,331$814$488$86
39 years$3,162$2,019$1,247$751$443$74
40 years$3,049$1,921$1,169$692$402$64
41 years$2,941$1,828$1,096$639$365$55
42 years$2,839$1,741$1,028$589$331$47
43 years$2,742$1,659$965$544$300$40
44 years$2,650$1,581$906$502$272$35
45 years$2,561$1,508$850$464$247$30
46 years$2,477$1,439$799$429$225$25
47 years$2,397$1,373$750$396$204$22
48 years$2,321$1,311$705$366$185$19
49 years$2,247$1,252$663$338$168$16
50 years$2,177$1,195$623$313$153$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,230,000, adding $3,905 every year, while hoping to spend $26,214 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: 36/50/14 Blend
68$2,230,000$2,230,000$2,230,000$2,230,000
69$2,461,488$2,343,298$2,308,733$2,539,366
70$2,684,668$2,430,228$2,358,184$2,682,760
71$2,929,734$2,520,539$2,408,413$2,834,677
72$3,198,891$2,614,369$2,459,419$2,998,110
73$3,494,567$2,711,862$2,511,198$3,174,099
74$3,819,437$2,813,168$2,563,748$3,363,784
75$4,176,450$2,918,443$2,617,063$3,568,414
76$4,568,852$3,027,851$2,671,139$3,789,364
77$5,000,220$3,141,562$2,725,968$4,028,141
78$5,474,497$3,259,752$2,781,542$4,286,400
79$5,996,024$3,382,608$2,837,852$4,565,960
80$6,569,585$3,510,323$2,894,887$4,868,818
81$7,200,451$3,643,097$2,952,634$5,197,170
82$7,894,430$3,781,142$3,011,080$5,553,427
83$8,657,920$3,924,676$3,070,209$5,940,242
84$9,497,971$4,073,928$3,130,005$6,360,529
85$10,422,351$4,229,138$3,190,447$6,817,491
86$11,439,619$4,390,554$3,251,515$7,314,652
87$12,559,205$4,558,436$3,313,185$7,855,887
88$13,791,500$4,733,055$3,375,433$8,445,456
89$15,147,954$4,914,696$3,438,231$9,088,046
90$16,641,182$5,103,653$3,501,549$9,788,813
91$18,285,087$5,300,236$3,565,355$10,553,430
92$20,094,984$5,504,765$3,629,612$11,388,137
93$22,087,752$5,717,579$3,694,284$12,299,801
94$24,281,990$5,939,028$3,759,330$13,295,978
95$26,698,191$6,169,478$3,824,705$14,384,985
96$29,358,936$6,409,312$3,890,363$15,575,975
97$32,289,110$6,658,930$3,956,252$16,879,022
98$35,516,131$6,918,750$4,022,319$18,305,214
99$39,070,215$7,189,208$4,088,505$19,866,760
100$42,984,656$7,470,758$4,154,749$21,577,097