Can I retire at age 69 with 2,110,000?

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 $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$174,242$172,690$171,176$169,698$168,254$166,359
2 years$86,258$84,652$83,095$81,585$80,121$78,213
3 years$56,934$55,321$53,768$52,273$50,832$48,970
4 years$42,275$40,667$39,129$37,659$36,254$34,453
5 years$33,482$31,883$30,366$28,926$27,560$25,825
6 years$27,622$26,035$24,540$23,132$21,807$20,141
7 years$23,438$21,864$20,393$19,018$17,735$16,137
8 years$20,301$18,742$17,295$15,954$14,713$13,184
9 years$17,862$16,318$14,896$13,589$12,390$10,930
10 years$15,913$14,383$12,987$11,714$10,557$9,164
11 years$14,319$12,805$11,433$10,195$9,080$7,752
12 years$12,991$11,493$10,147$8,942$7,868$6,606
13 years$11,869$10,386$9,065$7,895$6,861$5,662
14 years$10,908$9,441$8,145$7,008$6,014$4,876
15 years$10,076$8,624$7,354$6,250$5,296$4,217
16 years$9,348$7,913$6,668$5,596$4,680$3,660
17 years$8,707$7,287$6,067$5,028$4,150$3,185
18 years$8,137$6,734$5,539$4,531$3,690$2,779
19 years$7,629$6,241$5,070$4,094$3,289$2,430
20 years$7,171$5,799$4,653$3,708$2,938$2,128
21 years$6,758$5,402$4,280$3,365$2,629$1,867
22 years$6,383$5,042$3,945$3,060$2,356$1,641
23 years$6,041$4,716$3,642$2,787$2,115$1,443
24 years$5,728$4,419$3,369$2,542$1,901$1,271
25 years$5,440$4,147$3,120$2,321$1,711$1,120
26 years$5,175$3,897$2,894$2,122$1,541$988
27 years$4,930$3,668$2,687$1,943$1,389$872
28 years$4,703$3,456$2,498$1,780$1,254$770
29 years$4,492$3,260$2,324$1,632$1,132$680
30 years$4,295$3,079$2,165$1,498$1,023$602
31 years$4,111$2,911$2,019$1,376$925$532
32 years$3,940$2,754$1,883$1,264$837$471
33 years$3,779$2,608$1,758$1,163$757$417
34 years$3,627$2,472$1,643$1,070$685$369
35 years$3,485$2,345$1,536$985$621$327
36 years$3,351$2,225$1,437$907$562$289
37 years$3,225$2,114$1,345$836$510$256
38 years$3,105$2,009$1,260$770$462$227
39 years$2,992$1,910$1,180$710$419$201
40 years$2,885$1,817$1,106$655$380$178
41 years$2,783$1,730$1,037$604$345$158
42 years$2,686$1,647$973$558$313$140
43 years$2,594$1,570$913$515$284$124
44 years$2,507$1,496$857$475$258$110
45 years$2,424$1,427$805$439$234$98
46 years$2,344$1,361$756$406$212$87
47 years$2,268$1,299$710$375$193$77
48 years$2,196$1,240$667$346$175$68
49 years$2,126$1,184$627$320$159$61
50 years$2,060$1,131$590$296$145$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,110,000, adding $2,184 every year, while hoping to spend $25,994 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: 47/47/6 Blend
68$2,110,000$2,110,000$2,110,000$2,110,000
69$2,327,473$2,215,643$2,182,938$2,433,069
70$2,537,218$2,296,552$2,228,409$2,586,598
71$2,767,485$2,380,554$2,274,532$2,750,202
72$3,020,341$2,467,774$2,321,301$2,927,134
73$3,298,062$2,558,341$2,368,711$3,118,636
74$3,603,154$2,652,389$2,416,752$3,326,073
75$3,938,379$2,750,060$2,465,417$3,550,943
76$4,306,780$2,851,499$2,514,694$3,794,895
77$4,711,708$2,956,859$2,564,573$4,059,739
78$5,156,856$3,066,299$2,615,040$4,347,465
79$5,646,293$3,179,985$2,666,082$4,660,261
80$6,184,501$3,298,090$2,717,681$5,000,533
81$6,776,418$3,420,794$2,769,822$5,370,928
82$7,427,485$3,548,286$2,822,483$5,774,354
83$8,143,697$3,680,760$2,875,645$6,214,011
84$8,931,658$3,818,422$2,929,284$6,693,421
85$9,798,647$3,961,485$2,983,374$7,216,455
86$10,752,682$4,110,170$3,037,890$7,787,376
87$11,802,597$4,264,710$3,092,801$8,410,871
88$12,958,127$4,425,346$3,148,075$9,092,100
89$14,229,999$4,592,331$3,203,678$9,836,741
90$15,630,031$4,765,927$3,259,574$10,651,043
91$17,171,247$4,946,410$3,315,722$11,541,883
92$18,867,995$5,134,066$3,372,080$12,516,834
93$20,736,089$5,329,193$3,428,603$13,584,228
94$22,792,950$5,532,103$3,485,241$14,753,242
95$25,057,776$5,743,122$3,541,942$16,033,975
96$27,551,724$5,962,589$3,598,651$17,437,548
97$30,298,103$6,190,859$3,655,309$18,976,207
98$33,322,599$6,428,301$3,711,852$20,663,434
99$36,653,518$6,675,302$3,768,213$22,514,076
100$40,322,050$6,932,264$3,824,321$24,544,481