Can I retire at age 69 with 2,020,000?

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 $2,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$166,810$165,324$163,874$162,459$161,078$160,062
2 years$82,579$81,041$79,551$78,105$76,704$75,680
3 years$54,506$52,961$51,474$50,043$48,664$47,663
4 years$40,472$38,932$37,460$36,053$34,708$33,737
5 years$32,054$30,523$29,071$27,692$26,384$25,447
6 years$26,444$24,925$23,493$22,146$20,877$19,974
7 years$22,438$20,932$19,523$18,207$16,978$16,111
8 years$19,435$17,942$16,557$15,274$14,085$13,253
9 years$17,101$15,622$14,261$13,010$11,862$11,064
10 years$15,234$13,770$12,433$11,214$10,107$9,344
11 years$13,708$12,259$10,946$9,760$8,692$7,963
12 years$12,437$11,003$9,714$8,561$7,533$6,837
13 years$11,363$9,943$8,679$7,558$6,569$5,906
14 years$10,443$9,038$7,798$6,709$5,758$5,127
15 years$9,646$8,256$7,040$5,983$5,070$4,470
16 years$8,949$7,575$6,383$5,357$4,481$3,911
17 years$8,335$6,976$5,808$4,814$3,973$3,432
18 years$7,790$6,447$5,302$4,338$3,532$3,020
19 years$7,303$5,975$4,854$3,920$3,149$2,664
20 years$6,865$5,552$4,455$3,550$2,812$2,354
21 years$6,470$5,171$4,098$3,222$2,517$2,083
22 years$6,110$4,827$3,777$2,929$2,256$1,847
23 years$5,783$4,515$3,487$2,668$2,025$1,640
24 years$5,483$4,230$3,225$2,433$1,820$1,457
25 years$5,208$3,970$2,987$2,222$1,638$1,296
26 years$4,954$3,731$2,770$2,032$1,475$1,154
27 years$4,720$3,511$2,572$1,860$1,330$1,028
28 years$4,502$3,309$2,391$1,704$1,200$917
29 years$4,300$3,121$2,225$1,563$1,084$818
30 years$4,112$2,948$2,073$1,434$979$731
31 years$3,936$2,787$1,932$1,317$885$653
32 years$3,772$2,637$1,803$1,210$801$583
33 years$3,618$2,497$1,683$1,113$725$521
34 years$3,473$2,367$1,573$1,024$656$466
35 years$3,337$2,245$1,471$943$594$417
36 years$3,208$2,131$1,376$868$538$373
37 years$3,087$2,023$1,288$800$488$334
38 years$2,973$1,923$1,206$737$442$299
39 years$2,864$1,829$1,130$680$401$268
40 years$2,762$1,740$1,059$627$364$240
41 years$2,664$1,656$993$579$330$215
42 years$2,572$1,577$931$534$300$192
43 years$2,484$1,503$874$493$272$172
44 years$2,400$1,432$820$455$247$154
45 years$2,320$1,366$770$420$224$138
46 years$2,244$1,303$723$388$203$124
47 years$2,172$1,244$680$359$185$111
48 years$2,102$1,187$639$331$168$100
49 years$2,036$1,134$600$306$152$89
50 years$1,972$1,083$564$283$138$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,020,000, adding $3,865 every year, while hoping to spend $57,117 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: 34/40/26 Blend
68$2,020,000$2,020,000$2,020,000$2,020,000
69$2,230,027$2,122,967$2,091,657$2,288,141
70$2,396,717$2,166,220$2,100,955$2,375,324
71$2,578,496$2,209,678$2,108,651$2,463,856
72$2,776,842$2,253,292$2,114,630$2,558,203
73$2,993,382$2,297,005$2,118,772$2,658,920
74$3,229,908$2,340,760$2,120,952$2,766,619
75$3,488,393$2,384,491$2,121,038$2,881,978
76$3,771,007$2,428,130$2,118,891$3,005,743
77$4,080,143$2,471,601$2,114,367$3,138,739
78$4,418,432$2,514,824$2,107,313$3,281,880
79$4,788,773$2,557,711$2,097,568$3,436,171
80$5,194,358$2,600,169$2,084,967$3,602,724
81$5,638,702$2,642,097$2,069,333$3,782,768
82$6,125,677$2,683,387$2,050,483$3,977,657
83$6,659,546$2,723,923$2,028,224$4,188,890
84$7,245,004$2,763,580$2,002,355$4,418,118
85$7,887,224$2,802,225$1,972,663$4,667,169
86$8,591,903$2,839,715$1,938,929$4,938,056
87$9,365,314$2,875,898$1,900,920$5,233,005
88$10,214,370$2,910,611$1,858,395$5,554,472
89$11,146,684$2,943,679$1,811,099$5,905,168
90$12,170,643$2,974,917$1,758,768$6,288,088
91$13,295,486$3,004,126$1,701,125$6,706,535
92$14,531,392$3,031,094$1,637,878$7,164,157
93$15,889,573$3,055,596$1,568,726$7,664,978
94$17,382,381$3,077,392$1,493,351$8,213,441
95$19,023,426$3,096,227$1,411,420$8,814,449
96$20,827,701$3,111,828$1,322,588$9,473,413
97$22,811,725$3,123,905$1,226,493$10,196,303
98$24,993,696$3,132,152$1,122,756$10,989,707
99$27,393,667$3,136,241$1,010,982$11,860,897
100$30,033,728$3,135,825$890,757$12,817,891