Can I retire at age 69 with 1,000,000?

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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$82,579$81,843$81,126$80,425$79,741$78,195
2 years$40,881$40,119$39,381$38,666$37,972$36,421
3 years$26,983$26,218$25,482$24,774$24,091$22,583
4 years$20,036$19,273$18,545$17,848$17,182$15,728
5 years$15,868$15,111$14,391$13,709$13,061$11,667
6 years$13,091$12,339$11,630$10,963$10,335$9,001
7 years$11,108$10,362$9,665$9,013$8,405$7,131
8 years$9,621$8,882$8,197$7,561$6,973$5,760
9 years$8,466$7,734$7,060$6,440$5,872$4,718
10 years$7,542$6,817$6,155$5,552$5,003$3,908
11 years$6,786$6,069$5,419$4,832$4,303$3,265
12 years$6,157$5,447$4,809$4,238$3,729$2,747
13 years$5,625$4,922$4,296$3,742$3,252$2,323
14 years$5,170$4,474$3,860$3,321$2,850$1,974
15 years$4,775$4,087$3,485$2,962$2,510$1,684
16 years$4,430$3,750$3,160$2,652$2,218$1,441
17 years$4,126$3,454$2,875$2,383$1,967$1,237
18 years$3,857$3,191$2,625$2,148$1,749$1,064
19 years$3,615$2,958$2,403$1,940$1,559$916
20 years$3,399$2,748$2,205$1,757$1,392$791
21 years$3,203$2,560$2,029$1,595$1,246$684
22 years$3,025$2,390$1,870$1,450$1,117$591
23 years$2,863$2,235$1,726$1,321$1,002$512
24 years$2,714$2,094$1,596$1,205$901$444
25 years$2,578$1,965$1,479$1,100$811$385
26 years$2,453$1,847$1,371$1,006$730$334
27 years$2,336$1,738$1,273$921$658$290
28 years$2,229$1,638$1,184$844$594$252
29 years$2,129$1,545$1,102$774$537$219
30 years$2,036$1,459$1,026$710$485$191
31 years$1,949$1,380$957$652$438$166
32 years$1,867$1,305$893$599$396$145
33 years$1,791$1,236$833$551$359$126
34 years$1,719$1,172$779$507$325$110
35 years$1,652$1,111$728$467$294$95
36 years$1,588$1,055$681$430$267$83
37 years$1,528$1,002$637$396$242$72
38 years$1,472$952$597$365$219$63
39 years$1,418$905$559$337$199$55
40 years$1,367$861$524$310$180$48
41 years$1,319$820$492$286$163$42
42 years$1,273$781$461$264$148$36
43 years$1,230$744$433$244$135$32
44 years$1,188$709$406$225$122$28
45 years$1,149$676$381$208$111$24
46 years$1,111$645$358$192$101$21
47 years$1,075$616$336$178$91$18
48 years$1,041$588$316$164$83$16
49 years$1,008$561$297$152$75$14
50 years$976$536$279$140$69$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,000,000, adding $4,114 every year, while hoping to spend $39,737 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: 65/14/21 Blend
68$1,000,000$1,000,000$1,000,000$1,000,000
69$1,106,244$1,053,244$1,037,744$1,171,968
70$1,176,801$1,062,573$1,030,228$1,225,978
71$1,253,223$1,071,027$1,021,129$1,280,093
72$1,336,066$1,078,522$1,010,351$1,338,305
73$1,425,942$1,084,967$997,796$1,401,018
74$1,523,524$1,090,266$983,358$1,468,678
75$1,629,552$1,094,317$966,928$1,541,776
76$1,744,839$1,097,012$948,393$1,620,854
77$1,870,281$1,098,234$927,633$1,706,511
78$2,006,864$1,097,862$904,523$1,799,407
79$2,155,671$1,095,764$878,932$1,900,272
80$2,317,896$1,091,803$850,722$2,009,911
81$2,494,851$1,085,832$819,752$2,129,211
82$2,687,983$1,077,694$785,871$2,259,153
83$2,898,882$1,067,226$748,922$2,400,819
84$3,129,300$1,054,252$708,743$2,555,401
85$3,381,164$1,038,586$665,161$2,724,217
86$3,656,598$1,020,032$617,999$2,908,720
87$3,957,938$998,381$567,069$3,110,512
88$4,287,759$973,412$512,177$3,331,363
89$4,648,894$944,893$453,119$3,573,225
90$5,044,464$912,575$389,681$3,838,249
91$5,477,906$876,198$321,641$4,128,813
92$5,953,004$835,483$248,768$4,447,535
93$6,473,927$790,139$170,819$4,797,307
94$7,045,267$739,855$87,540$5,181,316
95$7,672,079$684,303$0$5,603,080
96$8,359,935$623,137$0$6,066,777
97$9,114,969$555,992$0$6,597,339
98$9,943,939$482,479$0$7,179,913
99$10,854,291$402,190$0$7,819,773
100$11,854,225$314,694$0$8,522,727