Can I retire at age 69 with 1,130,000?

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$93,314$92,483$91,672$90,881$90,108$88,180
2 years$46,195$45,335$44,501$43,693$42,908$40,976
3 years$30,491$29,627$28,795$27,994$27,223$25,346
4 years$22,640$21,779$20,955$20,168$19,416$17,608
5 years$17,931$17,075$16,262$15,491$14,759$13,027
6 years$14,793$13,943$13,142$12,388$11,679$10,023
7 years$12,552$11,709$10,921$10,185$9,498$7,919
8 years$10,872$10,037$9,262$8,544$7,879$6,377
9 years$9,566$8,739$7,978$7,278$6,636$5,209
10 years$8,522$7,703$6,955$6,273$5,654$4,301
11 years$7,668$6,858$6,123$5,460$4,862$3,582
12 years$6,957$6,155$5,434$4,789$4,214$3,003
13 years$6,356$5,562$4,855$4,228$3,674$2,532
14 years$5,842$5,056$4,362$3,753$3,221$2,145
15 years$5,396$4,619$3,938$3,347$2,836$1,823
16 years$5,006$4,238$3,571$2,997$2,506$1,555
17 years$4,663$3,903$3,249$2,693$2,222$1,329
18 years$4,358$3,606$2,966$2,427$1,976$1,139
19 years$4,085$3,342$2,715$2,193$1,761$978
20 years$3,841$3,106$2,492$1,986$1,573$841
21 years$3,619$2,893$2,292$1,802$1,408$724
22 years$3,418$2,700$2,113$1,639$1,262$624
23 years$3,235$2,526$1,951$1,492$1,133$538
24 years$3,067$2,366$1,804$1,361$1,018$465
25 years$2,913$2,221$1,671$1,243$916$402
26 years$2,771$2,087$1,550$1,137$825$347
27 years$2,640$1,964$1,439$1,040$744$300
28 years$2,519$1,851$1,338$953$671$260
29 years$2,405$1,746$1,245$874$606$225
30 years$2,300$1,649$1,160$802$548$195
31 years$2,202$1,559$1,081$737$495$169
32 years$2,110$1,475$1,009$677$448$146
33 years$2,024$1,397$942$623$405$127
34 years$1,943$1,324$880$573$367$110
35 years$1,866$1,256$823$527$332$95
36 years$1,795$1,192$770$486$301$83
37 years$1,727$1,132$720$448$273$72
38 years$1,663$1,076$675$413$248$62
39 years$1,602$1,023$632$380$224$54
40 years$1,545$973$592$351$204$47
41 years$1,490$926$555$324$185$41
42 years$1,439$882$521$299$168$35
43 years$1,389$841$489$276$152$31
44 years$1,343$801$459$255$138$27
45 years$1,298$764$431$235$125$23
46 years$1,255$729$405$217$114$20
47 years$1,215$696$380$201$103$17
48 years$1,176$664$357$185$94$15
49 years$1,139$634$336$171$85$13
50 years$1,103$606$316$158$77$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,130,000, adding $2,625 every year, while hoping to spend $55,634 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: 50/24/26 Blend
68$1,130,000$1,130,000$1,130,000$1,130,000
69$1,247,968$1,188,078$1,170,563$1,301,089
70$1,316,066$1,187,099$1,150,582$1,337,420
71$1,389,246$1,184,208$1,128,068$1,371,098
72$1,467,967$1,179,253$1,102,876$1,406,594
73$1,552,734$1,172,070$1,074,857$1,444,105
74$1,644,100$1,162,489$1,043,852$1,483,850
75$1,742,675$1,150,327$1,009,698$1,526,076
76$1,849,127$1,135,393$972,222$1,571,057
77$1,964,191$1,117,480$931,244$1,619,097
78$2,088,676$1,096,373$886,578$1,670,537
79$2,223,467$1,071,842$838,025$1,725,756
80$2,369,543$1,043,645$785,380$1,785,175
81$2,527,975$1,011,522$728,430$1,849,262
82$2,699,945$975,204$666,949$1,918,541
83$2,886,751$934,400$600,703$1,993,591
84$3,089,820$888,806$529,447$2,075,055
85$3,310,724$838,100$452,926$2,163,651
86$3,551,191$781,940$370,872$2,260,173
87$3,813,123$719,965$283,007$2,365,504
88$4,098,613$651,795$189,039$2,480,622
89$4,409,964$577,025$88,664$2,606,614
90$4,749,712$495,231$0$2,744,684
91$5,120,647$405,962$0$2,901,288
92$5,525,841$308,742$0$3,099,368
93$5,968,675$203,069$0$3,316,038
94$6,452,874$88,413$0$3,553,215
95$6,982,536$0$0$3,813,016
96$7,562,174$0$0$4,107,229
97$8,196,759$0$0$4,455,011
98$8,891,764$0$0$4,836,024
99$9,653,216$0$0$5,253,589
100$10,487,753$0$0$5,711,361