Can I retire at age 69 with 1,010,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$83,405$82,662$81,937$81,230$80,539$78,054
2 years$41,290$40,521$39,775$39,053$38,352$35,871
3 years$27,253$26,481$25,737$25,021$24,332$21,932
4 years$20,236$19,466$18,730$18,027$17,354$15,053
5 years$16,027$15,262$14,535$13,846$13,192$10,997
6 years$13,222$12,462$11,747$11,073$10,438$8,351
7 years$11,219$10,466$9,762$9,104$8,489$6,509
8 years$9,717$8,971$8,279$7,637$7,043$5,168
9 years$8,550$7,811$7,130$6,505$5,931$4,160
10 years$7,617$6,885$6,216$5,607$5,053$3,384
11 years$6,854$6,129$5,473$4,880$4,346$2,776
12 years$6,219$5,501$4,857$4,280$3,766$2,291
13 years$5,681$4,972$4,339$3,779$3,284$1,901
14 years$5,221$4,519$3,899$3,355$2,879$1,583
15 years$4,823$4,128$3,520$2,992$2,535$1,324
16 years$4,475$3,788$3,192$2,679$2,240$1,109
17 years$4,168$3,488$2,904$2,407$1,986$932
18 years$3,895$3,223$2,651$2,169$1,766$785
19 years$3,652$2,987$2,427$1,960$1,574$662
20 years$3,433$2,776$2,227$1,775$1,406$559
21 years$3,235$2,586$2,049$1,611$1,258$472
22 years$3,055$2,414$1,888$1,465$1,128$399
23 years$2,891$2,257$1,743$1,334$1,013$338
24 years$2,742$2,115$1,612$1,217$910$286
25 years$2,604$1,985$1,493$1,111$819$243
26 years$2,477$1,865$1,385$1,016$738$206
27 years$2,360$1,756$1,286$930$665$175
28 years$2,251$1,654$1,196$852$600$148
29 years$2,150$1,561$1,113$781$542$126
30 years$2,056$1,474$1,036$717$490$107
31 years$1,968$1,393$966$659$443$91
32 years$1,886$1,318$901$605$400$77
33 years$1,809$1,248$842$557$362$66
34 years$1,736$1,183$786$512$328$56
35 years$1,668$1,122$735$471$297$47
36 years$1,604$1,065$688$434$269$40
37 years$1,544$1,012$644$400$244$34
38 years$1,486$962$603$369$221$29
39 years$1,432$914$565$340$201$25
40 years$1,381$870$529$314$182$21
41 years$1,332$828$496$289$165$18
42 years$1,286$789$466$267$150$15
43 years$1,242$751$437$246$136$13
44 years$1,200$716$410$228$123$11
45 years$1,160$683$385$210$112$9
46 years$1,122$652$362$194$102$8
47 years$1,086$622$340$179$92$7
48 years$1,051$594$319$166$84$6
49 years$1,018$567$300$153$76$5
50 years$986$541$282$142$69$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,010,000, adding $6,791 every year, while hoping to spend $41,268 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: 31/49/20 Blend
68$1,010,000$1,010,000$1,010,000$1,010,000
69$1,120,025$1,066,495$1,050,840$1,147,584
70$1,190,359$1,074,844$1,042,134$1,177,277
71$1,266,483$1,082,220$1,031,754$1,205,014
72$1,348,946$1,088,530$1,019,599$1,234,005
73$1,438,348$1,093,678$1,005,565$1,264,384
74$1,535,351$1,097,559$989,543$1,296,300
75$1,640,683$1,100,066$971,419$1,329,923
76$1,755,143$1,101,080$951,072$1,365,441
77$1,879,613$1,100,477$928,378$1,403,066
78$2,015,060$1,098,127$903,205$1,443,033
79$2,162,549$1,093,889$875,416$1,485,606
80$2,323,255$1,087,615$844,867$1,531,081
81$2,498,466$1,079,147$811,410$1,579,786
82$2,689,603$1,068,319$774,885$1,632,088
83$2,898,229$1,054,953$735,131$1,688,397
84$3,126,065$1,038,863$691,975$1,749,169
85$3,375,006$1,019,849$645,238$1,814,911
86$3,647,136$997,701$594,733$1,886,189
87$3,944,751$972,196$540,264$1,963,634
88$4,270,380$943,098$481,627$2,047,944
89$4,626,806$910,156$418,608$2,139,899
90$5,017,094$873,108$350,985$2,240,363
91$5,444,619$831,672$278,525$2,350,299
92$5,913,099$785,553$200,985$2,470,773
93$6,426,628$734,437$118,110$2,602,971
94$6,989,714$677,995$29,637$2,748,209
95$7,607,323$615,875$0$2,907,946
96$8,284,925$547,708$0$3,097,625
97$9,028,545$473,103$0$3,312,866
98$9,844,818$391,646$0$3,549,390
99$10,741,055$302,903$0$3,809,472
100$11,725,309$206,411$0$4,095,624