Can I retire at age 69 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$164,332$162,869$161,440$160,046$158,685$154,411
2 years$81,353$79,838$78,369$76,945$75,564$71,288
3 years$53,696$52,175$50,710$49,300$47,941$43,798
4 years$39,871$38,354$36,904$35,518$34,192$30,213
5 years$31,578$30,070$28,639$27,281$25,992$22,188
6 years$26,051$24,554$23,145$21,817$20,567$16,941
7 years$22,105$20,621$19,233$17,937$16,726$13,280
8 years$19,146$17,676$16,311$15,047$13,876$10,607
9 years$16,847$15,390$14,049$12,816$11,686$8,591
10 years$15,008$13,565$12,248$11,048$9,957$7,032
11 years$13,504$12,077$10,783$9,615$8,563$5,804
12 years$12,253$10,839$9,570$8,434$7,421$4,822
13 years$11,194$9,796$8,550$7,446$6,471$4,028
14 years$10,288$8,904$7,682$6,609$5,672$3,379
15 years$9,503$8,134$6,936$5,894$4,994$2,845
16 years$8,816$7,463$6,288$5,278$4,414$2,402
17 years$8,212$6,873$5,722$4,742$3,914$2,033
18 years$7,675$6,351$5,224$4,274$3,480$1,724
19 years$7,195$5,886$4,782$3,862$3,102$1,464
20 years$6,763$5,469$4,389$3,497$2,771$1,246
21 years$6,374$5,095$4,037$3,174$2,479$1,061
22 years$6,020$4,756$3,720$2,886$2,222$905
23 years$5,697$4,448$3,435$2,628$1,995$772
24 years$5,402$4,167$3,177$2,397$1,793$659
25 years$5,131$3,911$2,943$2,189$1,614$563
26 years$4,881$3,676$2,729$2,002$1,453$482
27 years$4,649$3,459$2,534$1,832$1,310$412
28 years$4,435$3,259$2,356$1,679$1,182$352
29 years$4,236$3,075$2,192$1,539$1,068$302
30 years$4,051$2,904$2,042$1,413$965$258
31 years$3,878$2,745$1,904$1,298$872$221
32 years$3,716$2,598$1,776$1,192$789$190
33 years$3,564$2,460$1,658$1,097$714$162
34 years$3,421$2,331$1,550$1,009$646$139
35 years$3,287$2,211$1,449$929$586$119
36 years$3,161$2,099$1,355$855$530$102
37 years$3,041$1,993$1,269$788$481$88
38 years$2,928$1,894$1,188$726$436$75
39 years$2,822$1,801$1,113$670$395$64
40 years$2,721$1,714$1,043$618$359$55
41 years$2,625$1,632$978$570$325$47
42 years$2,534$1,554$918$526$295$41
43 years$2,447$1,480$861$486$268$35
44 years$2,364$1,411$808$448$243$30
45 years$2,286$1,346$759$414$221$26
46 years$2,211$1,284$713$382$200$22
47 years$2,139$1,225$670$353$182$19
48 years$2,071$1,170$629$327$165$16
49 years$2,006$1,117$591$302$150$14
50 years$1,943$1,067$556$279$136$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,990,000, adding $3,348 every year, while hoping to spend $45,947 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: 51/42/7 Blend
68$1,990,000$1,990,000$1,990,000$1,990,000
69$2,196,433$2,090,963$2,060,118$2,304,457
70$2,371,582$2,144,533$2,080,245$2,431,874
71$2,563,057$2,199,188$2,099,506$2,565,076
72$2,772,473$2,254,933$2,117,824$2,708,776
73$3,001,611$2,311,770$2,135,117$2,863,971
74$3,252,431$2,369,703$2,151,299$3,031,758
75$3,527,091$2,428,731$2,166,280$3,213,344
76$3,827,969$2,488,853$2,179,965$3,410,056
77$4,157,681$2,550,066$2,192,253$3,623,358
78$4,519,110$2,612,365$2,203,039$3,854,860
79$4,915,432$2,675,743$2,212,213$4,106,336
80$5,350,142$2,740,191$2,219,659$4,379,738
81$5,827,093$2,805,697$2,225,254$4,677,216
82$6,350,527$2,872,247$2,228,871$5,001,141
83$6,925,117$2,939,823$2,230,374$5,354,121
84$7,556,011$3,008,406$2,229,623$5,739,031
85$8,248,879$3,077,972$2,226,470$6,159,036
86$9,009,966$3,148,495$2,220,759$6,617,624
87$9,846,156$3,219,945$2,212,327$7,118,638
88$10,765,028$3,292,286$2,201,004$7,666,311
89$11,774,933$3,365,480$2,186,610$8,265,306
90$12,885,073$3,439,485$2,168,958$8,920,763
91$14,105,583$3,514,253$2,147,851$9,638,343
92$15,447,632$3,589,731$2,123,084$10,424,285
93$16,923,523$3,665,861$2,094,440$11,285,463
94$18,546,813$3,742,578$2,061,694$12,229,451
95$20,332,436$3,819,813$2,024,609$13,264,595
96$22,296,849$3,897,488$1,982,938$14,400,092
97$24,458,184$3,975,521$1,936,422$15,646,078
98$26,836,416$4,053,819$1,884,790$17,013,720
99$29,453,558$4,132,284$1,827,758$18,515,326
100$32,333,864$4,210,808$1,765,031$20,164,457