Can I retire at age 69 with 2,240,000?

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 $2,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$184,977$183,329$181,722$180,153$178,621$177,050
2 years$91,573$89,867$88,215$86,612$85,057$83,475
3 years$60,442$58,729$57,081$55,493$53,964$52,418
4 years$44,880$43,172$41,540$39,980$38,488$36,991
5 years$35,545$33,848$32,237$30,708$29,258$27,814
6 years$29,324$27,639$26,052$24,558$23,151$21,762
7 years$24,882$23,211$21,649$20,190$18,828$17,495
8 years$21,552$19,896$18,360$16,937$15,619$14,342
9 years$18,963$17,323$15,814$14,427$13,154$11,932
10 years$16,893$15,270$13,787$12,436$11,208$10,040
11 years$15,201$13,594$12,138$10,823$9,639$8,525
12 years$13,792$12,201$10,772$9,493$8,353$7,292
13 years$12,600$11,026$9,624$8,381$7,284$6,274
14 years$11,580$10,022$8,647$7,440$6,385$5,426
15 years$10,696$9,156$7,807$6,635$5,622$4,711
16 years$9,924$8,400$7,078$5,941$4,969$4,105
17 years$9,243$7,736$6,441$5,338$4,406$3,588
18 years$8,639$7,149$5,880$4,810$3,917$3,144
19 years$8,099$6,625$5,383$4,347$3,491$2,761
20 years$7,613$6,157$4,940$3,937$3,119$2,429
21 years$7,174$5,735$4,544$3,573$2,791$2,141
22 years$6,776$5,353$4,188$3,249$2,502$1,889
23 years$6,413$5,007$3,867$2,959$2,246$1,669
24 years$6,080$4,691$3,576$2,698$2,018$1,477
25 years$5,775$4,402$3,312$2,464$1,816$1,308
26 years$5,494$4,137$3,072$2,253$1,636$1,159
27 years$5,234$3,894$2,853$2,062$1,475$1,028
28 years$4,992$3,669$2,652$1,890$1,331$912
29 years$4,768$3,461$2,468$1,733$1,202$810
30 years$4,560$3,269$2,299$1,590$1,086$720
31 years$4,365$3,090$2,143$1,461$982$640
32 years$4,182$2,924$1,999$1,342$888$569
33 years$4,012$2,769$1,867$1,234$804$506
34 years$3,851$2,624$1,744$1,136$728$450
35 years$3,700$2,489$1,631$1,045$659$401
36 years$3,558$2,363$1,526$963$597$357
37 years$3,423$2,244$1,428$887$541$318
38 years$3,296$2,132$1,337$818$491$283
39 years$3,176$2,028$1,253$754$445$252
40 years$3,062$1,929$1,174$695$404$224
41 years$2,954$1,836$1,101$642$366$200
42 years$2,852$1,749$1,033$592$332$178
43 years$2,754$1,666$969$547$302$159
44 years$2,661$1,588$910$505$274$142
45 years$2,573$1,515$854$466$248$126
46 years$2,489$1,445$802$431$226$113
47 years$2,408$1,379$754$398$205$100
48 years$2,331$1,316$708$368$186$89
49 years$2,257$1,257$666$340$169$80
50 years$2,187$1,201$626$314$153$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $2,240,000, adding $2,585 every year, while hoping to spend $59,451 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: 34/39/27 Blend
68$2,240,000$2,240,000$2,240,000$2,240,000
69$2,471,146$2,352,426$2,317,706$2,534,867
70$2,659,948$2,404,440$2,332,094$2,635,044
71$2,866,015$2,457,010$2,344,971$2,737,478
72$3,091,045$2,510,100$2,356,225$2,846,781
73$3,336,908$2,563,671$2,365,735$2,963,605
74$3,605,663$2,617,681$2,373,377$3,088,668
75$3,899,574$2,672,082$2,379,019$3,222,763
76$4,221,138$2,726,821$2,382,524$3,366,765
77$4,573,102$2,781,842$2,383,745$3,521,640
78$4,958,490$2,837,084$2,382,533$3,688,454
79$5,380,634$2,892,479$2,378,725$3,868,384
80$5,843,202$2,947,955$2,372,157$4,062,727
81$6,350,236$3,003,431$2,362,651$4,272,917
82$6,906,184$3,058,824$2,350,024$4,500,533
83$7,515,948$3,114,039$2,334,083$4,747,322
84$8,184,926$3,168,978$2,314,626$5,015,209
85$8,919,063$3,223,534$2,291,441$5,306,319
86$9,724,910$3,277,589$2,264,306$5,622,996
87$10,609,681$3,331,021$2,232,990$5,967,828
88$11,581,322$3,383,695$2,197,249$6,343,671
89$12,648,589$3,435,467$2,156,829$6,753,674
90$13,821,124$3,486,185$2,111,462$7,201,316
91$15,109,554$3,535,682$2,060,871$7,690,430
92$16,525,581$3,583,784$2,004,763$8,225,249
93$18,082,101$3,630,300$1,942,833$8,810,443
94$19,793,320$3,675,029$1,874,763$9,451,162
95$21,674,889$3,717,756$1,800,217$10,153,090
96$23,744,051$3,758,249$1,718,848$10,922,497
97$26,019,805$3,796,264$1,630,290$11,766,297
98$28,523,082$3,831,539$1,534,162$12,692,121
99$31,276,945$3,863,793$1,430,066$13,708,385
100$34,306,805$3,892,730$1,317,584$14,824,372