Can I retire at age 69 with 2,030,000?

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 $2,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$167,636$166,142$164,685$163,264$161,875$155,884
2 years$82,988$81,442$79,944$78,492$77,083$71,115
3 years$54,776$53,223$51,729$50,291$48,905$43,147
4 years$40,672$39,125$37,646$36,232$34,879$29,376
5 years$32,213$30,674$29,215$27,829$26,515$21,280
6 years$26,575$25,048$23,610$22,255$20,980$16,018
7 years$22,549$21,035$19,620$18,297$17,063$12,371
8 years$19,531$18,031$16,639$15,349$14,155$9,731
9 years$17,185$15,699$14,331$13,074$11,921$7,757
10 years$15,310$13,838$12,494$11,270$10,157$6,247
11 years$13,776$12,319$11,000$9,808$8,735$5,070
12 years$12,499$11,057$9,762$8,603$7,570$4,141
13 years$11,419$9,992$8,722$7,595$6,601$3,398
14 years$10,494$9,083$7,837$6,742$5,786$2,799
15 years$9,694$8,297$7,075$6,013$5,095$2,314
16 years$8,994$7,613$6,415$5,384$4,503$1,917
17 years$8,377$7,011$5,837$4,837$3,993$1,592
18 years$7,829$6,478$5,329$4,359$3,550$1,324
19 years$7,339$6,004$4,878$3,939$3,164$1,103
20 years$6,899$5,579$4,477$3,568$2,826$920
21 years$6,502$5,197$4,118$3,238$2,529$768
22 years$6,141$4,851$3,795$2,944$2,267$642
23 years$5,812$4,537$3,504$2,681$2,035$536
24 years$5,510$4,251$3,241$2,445$1,829$449
25 years$5,234$3,989$3,002$2,233$1,646$376
26 years$4,979$3,749$2,784$2,042$1,483$314
27 years$4,743$3,529$2,585$1,869$1,337$263
28 years$4,524$3,325$2,403$1,712$1,206$221
29 years$4,321$3,137$2,236$1,570$1,089$185
30 years$4,132$2,962$2,083$1,441$984$155
31 years$3,956$2,800$1,942$1,324$890$130
32 years$3,790$2,650$1,812$1,216$805$109
33 years$3,635$2,509$1,692$1,119$728$91
34 years$3,490$2,378$1,581$1,029$659$77
35 years$3,353$2,256$1,478$947$597$64
36 years$3,224$2,141$1,383$873$541$54
37 years$3,102$2,034$1,294$804$490$45
38 years$2,987$1,933$1,212$741$445$38
39 years$2,878$1,838$1,135$683$403$32
40 years$2,775$1,748$1,064$630$366$27
41 years$2,677$1,664$998$581$332$22
42 years$2,584$1,585$936$537$301$19
43 years$2,496$1,510$878$495$273$16
44 years$2,412$1,440$824$457$248$13
45 years$2,332$1,373$774$422$225$11
46 years$2,255$1,310$727$390$204$9
47 years$2,182$1,250$683$360$186$8
48 years$2,113$1,193$642$333$169$7
49 years$2,046$1,139$603$308$153$5
50 years$1,982$1,088$567$285$139$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,030,000, adding $6,246 every year, while hoping to spend $32,512 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: 53/39/8 Blend
68$2,030,000$2,030,000$2,030,000$2,030,000
69$2,243,503$2,135,913$2,104,448$2,357,671
70$2,437,748$2,205,980$2,140,354$2,505,868
71$2,650,716$2,278,391$2,176,374$2,662,938
72$2,884,282$2,353,226$2,212,476$2,833,041
73$3,140,514$2,430,568$2,248,629$3,017,414
74$3,421,685$2,510,505$2,284,796$3,217,419
75$3,730,301$2,593,124$2,320,942$3,434,552
76$4,069,125$2,678,520$2,357,026$3,670,462
77$4,441,195$2,766,787$2,393,006$3,926,959
78$4,849,863$2,858,026$2,428,838$4,206,037
79$5,298,819$2,952,339$2,464,474$4,509,891
80$5,792,127$3,049,833$2,499,863$4,840,933
81$6,334,268$3,150,617$2,534,951$5,201,822
82$6,930,173$3,254,808$2,569,683$5,595,480
83$7,585,281$3,362,523$2,603,996$6,025,126
84$8,305,578$3,473,886$2,637,829$6,494,303
85$9,097,664$3,589,023$2,671,113$7,006,912
86$9,968,807$3,708,066$2,703,777$7,567,246
87$10,927,017$3,831,153$2,735,745$8,180,033
88$11,981,118$3,958,425$2,766,938$8,850,479
89$13,140,833$4,090,029$2,797,272$9,584,315
90$14,416,875$4,226,118$2,826,657$10,387,854
91$15,821,047$4,366,848$2,855,001$11,268,046
92$17,366,355$4,512,385$2,882,204$12,232,547
93$19,067,128$4,662,896$2,908,163$13,289,786
94$20,939,156$4,818,560$2,932,768$14,449,049
95$22,999,837$4,979,556$2,955,903$15,720,563
96$25,268,342$5,146,076$2,977,447$17,115,591
97$27,765,794$5,318,314$2,997,272$18,646,541
98$30,515,468$5,496,475$3,015,244$20,327,080
99$33,543,012$5,680,769$3,031,221$22,172,262
100$36,876,687$5,871,415$3,045,055$24,198,670