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

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 $2,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$165,158$163,687$162,252$160,851$159,483$155,564
2 years$81,761$80,239$78,763$77,332$75,944$72,020
3 years$53,966$52,437$50,965$49,547$48,182$44,376
4 years$40,071$38,547$37,089$35,696$34,364$30,704
5 years$31,737$30,221$28,783$27,418$26,123$22,620
6 years$26,182$24,678$23,261$21,926$20,670$17,328
7 years$22,216$20,724$19,330$18,027$16,810$13,629
8 years$19,243$17,765$16,393$15,122$13,946$10,924
9 years$16,931$15,467$14,120$12,881$11,744$8,880
10 years$15,083$13,634$12,310$11,103$10,007$7,296
11 years$13,572$12,137$10,837$9,663$8,606$6,045
12 years$12,314$10,894$9,618$8,476$7,458$5,043
13 years$11,250$9,845$8,593$7,483$6,503$4,229
14 years$10,339$8,949$7,721$6,643$5,701$3,562
15 years$9,550$8,175$6,971$5,924$5,020$3,011
16 years$8,861$7,500$6,320$5,304$4,436$2,553
17 years$8,253$6,907$5,751$4,766$3,934$2,170
18 years$7,713$6,383$5,250$4,295$3,497$1,849
19 years$7,231$5,915$4,806$3,881$3,117$1,578
20 years$6,797$5,497$4,411$3,515$2,785$1,348
21 years$6,406$5,120$4,057$3,190$2,492$1,154
22 years$6,050$4,779$3,739$2,900$2,234$988
23 years$5,726$4,470$3,452$2,642$2,005$847
24 years$5,429$4,188$3,193$2,409$1,802$727
25 years$5,156$3,930$2,957$2,200$1,622$624
26 years$4,905$3,694$2,743$2,012$1,461$536
27 years$4,673$3,476$2,547$1,841$1,317$461
28 years$4,458$3,276$2,368$1,687$1,188$396
29 years$4,258$3,090$2,203$1,547$1,073$341
30 years$4,071$2,919$2,052$1,420$970$293
31 years$3,897$2,759$1,913$1,304$877$252
32 years$3,734$2,611$1,785$1,198$793$217
33 years$3,582$2,472$1,667$1,102$718$187
34 years$3,438$2,343$1,557$1,014$650$161
35 years$3,304$2,222$1,456$933$588$139
36 years$3,176$2,109$1,362$860$533$120
37 years$3,057$2,003$1,275$792$483$103
38 years$2,943$1,904$1,194$730$438$89
39 years$2,836$1,811$1,119$673$397$76
40 years$2,734$1,723$1,048$621$360$66
41 years$2,638$1,640$983$573$327$57
42 years$2,546$1,562$922$529$297$49
43 years$2,459$1,488$865$488$269$42
44 years$2,376$1,418$812$451$244$36
45 years$2,297$1,352$763$416$222$31
46 years$2,222$1,290$716$384$201$27
47 years$2,150$1,231$673$355$183$23
48 years$2,081$1,175$632$328$166$20
49 years$2,016$1,122$594$303$151$17
50 years$1,953$1,072$559$280$137$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,000,000, adding $4,693 every year, while hoping to spend $23,876 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: 61/23/16 Blend
68$2,000,000$2,000,000$2,000,000$2,000,000
69$2,208,841$2,102,841$2,071,841$2,334,397
70$2,408,739$2,180,476$2,115,844$2,497,165
71$2,628,226$2,261,115$2,160,520$2,671,615
72$2,869,275$2,344,881$2,205,868$2,861,427
73$3,134,061$2,431,899$2,251,884$3,068,092
74$3,424,976$2,522,303$2,298,563$3,293,251
75$3,744,658$2,616,230$2,345,899$3,538,709
76$4,096,014$2,713,826$2,393,887$3,806,453
77$4,482,243$2,815,240$2,442,519$4,098,670
78$4,906,875$2,920,629$2,491,786$4,417,768
79$5,373,792$3,030,157$2,541,677$4,766,396
80$5,887,278$3,143,993$2,592,183$5,147,472
81$6,452,048$3,262,316$2,643,288$5,564,207
82$7,073,299$3,385,312$2,694,981$6,020,136
83$7,756,757$3,513,173$2,747,243$6,519,152
84$8,508,729$3,646,102$2,800,060$7,065,543
85$9,336,168$3,784,309$2,853,410$7,664,029
86$10,246,731$3,928,014$2,907,273$8,319,806
87$11,248,857$4,077,447$2,961,626$9,038,600
88$12,351,844$4,232,845$3,016,444$9,826,715
89$13,565,938$4,394,460$3,071,700$10,691,093
90$14,902,426$4,562,551$3,127,365$11,639,381
91$16,373,748$4,737,391$3,183,407$12,680,001
92$17,993,610$4,919,263$3,239,791$13,822,230
93$19,777,115$5,108,464$3,296,480$15,076,285
94$21,740,905$5,305,302$3,353,436$16,453,422
95$23,903,316$5,510,101$3,410,615$17,966,038
96$26,284,556$5,723,198$3,467,973$19,627,791
97$28,906,890$5,944,944$3,525,459$21,453,724
98$31,794,854$6,175,706$3,583,022$23,460,411
99$34,975,482$6,415,870$3,640,607$25,666,110
100$38,478,568$6,665,834$3,698,154$28,090,934