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

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 $1,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$83,405$82,662$81,937$81,230$80,539$79,303
2 years$41,290$40,521$39,775$39,053$38,352$37,109
3 years$27,253$26,481$25,737$25,021$24,332$23,122
4 years$20,236$19,466$18,730$18,027$17,354$16,185
5 years$16,027$15,262$14,535$13,846$13,192$12,069
6 years$13,222$12,462$11,747$11,073$10,438$9,362
7 years$11,219$10,466$9,762$9,104$8,489$7,459
8 years$9,717$8,971$8,279$7,637$7,043$6,059
9 years$8,550$7,811$7,130$6,505$5,931$4,993
10 years$7,617$6,885$6,216$5,607$5,053$4,161
11 years$6,854$6,129$5,473$4,880$4,346$3,498
12 years$6,219$5,501$4,857$4,280$3,766$2,962
13 years$5,681$4,972$4,339$3,779$3,284$2,522
14 years$5,221$4,519$3,899$3,355$2,879$2,158
15 years$4,823$4,128$3,520$2,992$2,535$1,854
16 years$4,475$3,788$3,192$2,679$2,240$1,597
17 years$4,168$3,488$2,904$2,407$1,986$1,380
18 years$3,895$3,223$2,651$2,169$1,766$1,196
19 years$3,652$2,987$2,427$1,960$1,574$1,038
20 years$3,433$2,776$2,227$1,775$1,406$903
21 years$3,235$2,586$2,049$1,611$1,258$786
22 years$3,055$2,414$1,888$1,465$1,128$685
23 years$2,891$2,257$1,743$1,334$1,013$598
24 years$2,742$2,115$1,612$1,217$910$523
25 years$2,604$1,985$1,493$1,111$819$457
26 years$2,477$1,865$1,385$1,016$738$400
27 years$2,360$1,756$1,286$930$665$350
28 years$2,251$1,654$1,196$852$600$307
29 years$2,150$1,561$1,113$781$542$269
30 years$2,056$1,474$1,036$717$490$236
31 years$1,968$1,393$966$659$443$207
32 years$1,886$1,318$901$605$400$181
33 years$1,809$1,248$842$557$362$159
34 years$1,736$1,183$786$512$328$140
35 years$1,668$1,122$735$471$297$123
36 years$1,604$1,065$688$434$269$108
37 years$1,544$1,012$644$400$244$95
38 years$1,486$962$603$369$221$83
39 years$1,432$914$565$340$201$73
40 years$1,381$870$529$314$182$64
41 years$1,332$828$496$289$165$57
42 years$1,286$789$466$267$150$50
43 years$1,242$751$437$246$136$44
44 years$1,200$716$410$228$123$38
45 years$1,160$683$385$210$112$34
46 years$1,122$652$362$194$102$30
47 years$1,086$622$340$179$92$26
48 years$1,051$594$319$166$84$23
49 years$1,018$567$300$153$76$20
50 years$986$541$282$142$69$18

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 $4,643 every year, while hoping to spend $24,661 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: 52/36/12 Blend
68$1,010,000$1,010,000$1,010,000$1,010,000
69$1,117,809$1,064,279$1,048,624$1,172,156
70$1,205,587$1,090,190$1,057,514$1,235,662
71$1,301,491$1,116,543$1,065,875$1,301,669
72$1,406,325$1,143,336$1,073,664$1,372,891
73$1,520,972$1,170,562$1,080,834$1,449,825
74$1,646,407$1,198,214$1,087,337$1,533,021
75$1,783,700$1,226,287$1,093,122$1,623,084
76$1,934,031$1,254,769$1,098,136$1,720,680
77$2,098,701$1,283,651$1,102,323$1,826,543
78$2,279,141$1,312,922$1,105,622$1,941,482
79$2,476,926$1,342,568$1,107,973$2,066,387
80$2,693,792$1,372,574$1,109,310$2,202,239
81$2,931,652$1,402,923$1,109,565$2,350,119
82$3,192,610$1,433,596$1,108,666$2,511,217
83$3,478,988$1,464,573$1,106,537$2,686,847
84$3,793,338$1,495,832$1,103,100$2,878,453
85$4,138,477$1,527,345$1,098,272$3,087,628
86$4,517,504$1,559,087$1,091,966$3,316,129
87$4,933,834$1,591,027$1,084,092$3,565,889
88$5,391,229$1,623,131$1,074,553$3,839,041
89$5,893,834$1,655,365$1,063,250$4,137,932
90$6,446,214$1,687,687$1,050,078$4,465,152
91$7,053,401$1,720,057$1,034,929$4,823,554
92$7,720,935$1,752,427$1,017,686$5,216,283
93$8,454,923$1,784,748$998,231$5,646,802
94$9,262,091$1,816,966$976,437$6,118,931
95$10,149,850$1,849,023$952,173$6,636,879
96$11,126,365$1,880,856$925,302$7,205,285
97$12,200,634$1,912,397$895,679$7,829,260
98$13,382,569$1,943,575$863,155$8,514,438
99$14,683,091$1,974,311$827,571$9,267,031
100$16,114,235$2,004,521$788,763$10,093,881