Can I retire at age 69 with 2,190,000?

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$180,848$179,237$177,666$176,132$174,634$168,237
2 years$89,529$87,861$86,245$84,679$83,159$76,785
3 years$59,093$57,418$55,807$54,254$52,759$46,610
4 years$43,878$42,209$40,613$39,087$37,628$31,749
5 years$34,751$33,092$31,517$30,023$28,605$23,012
6 years$28,669$27,022$25,471$24,009$22,634$17,331
7 years$24,326$22,693$21,166$19,739$18,407$13,393
8 years$21,071$19,452$17,951$16,559$15,271$10,541
9 years$18,540$16,937$15,461$14,105$12,860$8,408
10 years$16,516$14,929$13,479$12,158$10,957$6,775
11 years$14,862$13,290$11,867$10,581$9,424$5,503
12 years$13,484$11,929$10,531$9,281$8,166$4,497
13 years$12,319$10,780$9,409$8,194$7,121$3,693
14 years$11,321$9,799$8,454$7,274$6,242$3,044
15 years$10,458$8,951$7,633$6,487$5,496$2,518
16 years$9,703$8,213$6,920$5,808$4,858$2,088
17 years$9,037$7,564$6,297$5,219$4,307$1,735
18 years$8,446$6,989$5,749$4,703$3,830$1,444
19 years$7,918$6,477$5,263$4,250$3,414$1,204
20 years$7,443$6,019$4,830$3,849$3,049$1,005
21 years$7,014$5,607$4,442$3,493$2,729$839
22 years$6,625$5,234$4,094$3,176$2,446$702
23 years$6,270$4,895$3,780$2,892$2,195$587
24 years$5,945$4,586$3,496$2,638$1,973$492
25 years$5,646$4,304$3,238$2,409$1,776$412
26 years$5,371$4,045$3,003$2,203$1,599$345
27 years$5,117$3,807$2,789$2,016$1,442$289
28 years$4,881$3,587$2,593$1,847$1,301$242
29 years$4,662$3,384$2,413$1,694$1,175$203
30 years$4,458$3,196$2,247$1,555$1,062$171
31 years$4,267$3,021$2,095$1,428$960$143
32 years$4,089$2,859$1,955$1,312$868$120
33 years$3,922$2,707$1,825$1,207$786$101
34 years$3,765$2,566$1,705$1,110$711$85
35 years$3,617$2,434$1,594$1,022$644$71
36 years$3,478$2,310$1,491$941$584$60
37 years$3,347$2,194$1,396$867$529$50
38 years$3,223$2,085$1,307$799$480$42
39 years$3,105$1,983$1,225$737$435$35
40 years$2,994$1,886$1,148$680$395$30
41 years$2,888$1,795$1,076$627$358$25
42 years$2,788$1,710$1,010$579$325$21
43 years$2,693$1,629$948$534$295$17
44 years$2,602$1,553$889$493$268$15
45 years$2,516$1,481$835$456$243$12
46 years$2,433$1,413$784$421$221$10
47 years$2,354$1,348$737$389$200$9
48 years$2,279$1,287$692$359$182$7
49 years$2,207$1,229$651$332$165$6
50 years$2,138$1,174$612$307$150$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,190,000, adding $6,294 every year, while hoping to spend $46,071 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: 37/50/13 Blend
68$2,190,000$2,190,000$2,190,000$2,190,000
69$2,419,872$2,303,802$2,269,857$2,499,557
70$2,617,680$2,367,669$2,296,878$2,621,037
71$2,834,120$2,433,122$2,323,260$2,747,265
72$3,071,044$2,500,189$2,348,934$2,882,601
73$3,330,492$2,568,899$2,373,824$3,027,880
74$3,614,708$2,639,282$2,397,853$3,184,024
75$3,926,167$2,711,365$2,420,940$3,352,044
76$4,267,591$2,785,177$2,442,997$3,533,054
77$4,641,981$2,860,746$2,463,932$3,728,280
78$5,052,640$2,938,099$2,483,651$3,939,071
79$5,503,207$3,017,264$2,502,051$4,166,911
80$5,997,691$3,098,266$2,519,026$4,413,434
81$6,540,506$3,181,133$2,534,465$4,680,440
82$7,136,517$3,265,887$2,548,248$4,969,907
83$7,791,081$3,352,554$2,560,254$5,284,018
84$8,510,099$3,441,158$2,570,350$5,625,174
85$9,300,073$3,531,719$2,578,401$5,996,017
86$10,168,166$3,624,258$2,584,263$6,399,462
87$11,122,268$3,718,796$2,587,785$6,838,715
88$12,171,073$3,815,351$2,588,809$7,317,309
89$13,324,157$3,913,938$2,587,169$7,839,136
90$14,592,073$4,014,572$2,582,691$8,408,482
91$15,986,444$4,117,266$2,575,191$9,030,070
92$17,520,080$4,222,030$2,564,478$9,709,101
93$19,207,091$4,328,873$2,550,352$10,451,308
94$21,063,027$4,437,801$2,532,601$11,263,004
95$23,105,018$4,548,815$2,511,005$12,151,148
96$25,351,939$4,661,916$2,485,333$13,123,403
97$27,824,587$4,777,100$2,455,342$14,188,216
98$30,545,879$4,894,362$2,420,779$15,354,892
99$33,541,062$5,013,689$2,381,379$16,633,687
100$36,837,958$5,135,068$2,336,863$18,035,899