Can I retire at age 69 with 2,240,000?

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 $2,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$184,977$183,329$181,722$180,153$178,621$176,097
2 years$91,573$89,867$88,215$86,612$85,057$82,520
3 years$60,442$58,729$57,081$55,493$53,964$51,491
4 years$44,880$43,172$41,540$39,980$38,488$36,099
5 years$35,545$33,848$32,237$30,708$29,258$26,959
6 years$29,324$27,639$26,052$24,558$23,151$20,946
7 years$24,882$23,211$21,649$20,190$18,828$16,717
8 years$21,552$19,896$18,360$16,937$15,619$13,603
9 years$18,963$17,323$15,814$14,427$13,154$11,231
10 years$16,893$15,270$13,787$12,436$11,208$9,376
11 years$15,201$13,594$12,138$10,823$9,639$7,898
12 years$13,792$12,201$10,772$9,493$8,353$6,699
13 years$12,600$11,026$9,624$8,381$7,284$5,716
14 years$11,580$10,022$8,647$7,440$6,385$4,900
15 years$10,696$9,156$7,807$6,635$5,622$4,218
16 years$9,924$8,400$7,078$5,941$4,969$3,642
17 years$9,243$7,736$6,441$5,338$4,406$3,154
18 years$8,639$7,149$5,880$4,810$3,917$2,738
19 years$8,099$6,625$5,383$4,347$3,491$2,382
20 years$7,613$6,157$4,940$3,937$3,119$2,076
21 years$7,174$5,735$4,544$3,573$2,791$1,812
22 years$6,776$5,353$4,188$3,249$2,502$1,583
23 years$6,413$5,007$3,867$2,959$2,246$1,385
24 years$6,080$4,691$3,576$2,698$2,018$1,213
25 years$5,775$4,402$3,312$2,464$1,816$1,063
26 years$5,494$4,137$3,072$2,253$1,636$933
27 years$5,234$3,894$2,853$2,062$1,475$819
28 years$4,992$3,669$2,652$1,890$1,331$719
29 years$4,768$3,461$2,468$1,733$1,202$632
30 years$4,560$3,269$2,299$1,590$1,086$555
31 years$4,365$3,090$2,143$1,461$982$488
32 years$4,182$2,924$1,999$1,342$888$430
33 years$4,012$2,769$1,867$1,234$804$378
34 years$3,851$2,624$1,744$1,136$728$333
35 years$3,700$2,489$1,631$1,045$659$293
36 years$3,558$2,363$1,526$963$597$258
37 years$3,423$2,244$1,428$887$541$227
38 years$3,296$2,132$1,337$818$491$200
39 years$3,176$2,028$1,253$754$445$176
40 years$3,062$1,929$1,174$695$404$155
41 years$2,954$1,836$1,101$642$366$137
42 years$2,852$1,749$1,033$592$332$121
43 years$2,754$1,666$969$547$302$106
44 years$2,661$1,588$910$505$274$94
45 years$2,573$1,515$854$466$248$83
46 years$2,489$1,445$802$431$226$73
47 years$2,408$1,379$754$398$205$64
48 years$2,331$1,316$708$368$186$57
49 years$2,257$1,257$666$340$169$50
50 years$2,187$1,201$626$314$153$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,240,000, adding $3,866 every year, while hoping to spend $35,956 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: 51/31/18 Blend
68$2,240,000$2,240,000$2,240,000$2,240,000
69$2,472,468$2,353,748$2,319,028$2,586,108
70$2,686,403$2,430,825$2,358,458$2,741,838
71$2,920,954$2,510,473$2,398,005$2,907,006
72$3,178,186$2,592,781$2,437,633$3,085,805
73$3,460,374$2,677,840$2,477,306$3,279,534
74$3,770,022$2,765,744$2,516,986$3,489,627
75$4,109,890$2,856,592$2,556,631$3,717,657
76$4,483,017$2,950,483$2,596,197$3,965,359
77$4,892,752$3,047,524$2,635,636$4,234,638
78$5,342,783$3,147,823$2,674,900$4,527,594
79$5,837,172$3,251,491$2,713,935$4,846,537
80$6,380,396$3,358,647$2,752,684$5,194,011
81$6,977,385$3,469,409$2,791,088$5,572,814
82$7,633,572$3,583,904$2,829,083$5,986,030
83$8,354,942$3,702,261$2,866,603$6,437,050
84$9,148,088$3,824,614$2,903,576$6,929,612
85$10,020,275$3,951,101$2,939,927$7,467,830
86$10,979,505$4,081,868$2,975,577$8,056,233
87$12,034,598$4,217,063$3,010,443$8,699,811
88$13,195,269$4,356,841$3,044,434$9,404,059
89$14,472,222$4,501,361$3,077,458$10,175,026
90$15,877,252$4,650,791$3,109,416$11,019,378
91$17,423,354$4,805,302$3,140,204$11,944,456
92$19,124,847$4,965,073$3,169,712$12,958,343
93$20,997,508$5,130,288$3,197,824$14,069,947
94$23,058,721$5,301,140$3,224,418$15,289,077
95$25,327,641$5,477,827$3,249,367$16,626,539
96$27,825,375$5,660,554$3,272,535$18,094,238
97$30,575,178$5,849,536$3,293,780$19,705,287
98$33,602,677$6,044,994$3,312,952$21,474,134
99$36,936,109$6,247,158$3,329,895$23,416,693
100$40,606,588$6,456,265$3,344,443$25,550,499