Can I retire at age 69 with 1,200,000?

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$99,095$98,212$97,351$96,510$95,690$93,681
2 years$49,057$48,143$47,258$46,399$45,567$43,552
3 years$32,380$31,462$30,579$29,728$28,909$26,952
4 years$24,043$23,128$22,254$21,418$20,618$18,734
5 years$19,042$18,133$17,270$16,451$15,674$13,867
6 years$15,709$14,807$13,956$13,156$12,402$10,675
7 years$13,329$12,435$11,598$10,816$10,086$8,439
8 years$11,546$10,659$9,836$9,073$8,367$6,800
9 years$10,159$9,280$8,472$7,729$7,047$5,557
10 years$9,050$8,180$7,386$6,662$6,004$4,592
11 years$8,143$7,282$6,502$5,798$5,164$3,826
12 years$7,388$6,536$5,771$5,086$4,475$3,210
13 years$6,750$5,907$5,156$4,490$3,902$2,709
14 years$6,204$5,369$4,632$3,986$3,421$2,296
15 years$5,730$4,905$4,182$3,554$3,012$1,953
16 years$5,316$4,500$3,792$3,183$2,662$1,666
17 years$4,952$4,144$3,451$2,860$2,360$1,426
18 years$4,628$3,830$3,150$2,577$2,098$1,223
19 years$4,339$3,549$2,884$2,329$1,870$1,050
20 years$4,078$3,298$2,646$2,109$1,671$904
21 years$3,843$3,072$2,434$1,914$1,495$779
22 years$3,630$2,868$2,244$1,740$1,340$672
23 years$3,435$2,682$2,071$1,585$1,203$580
24 years$3,257$2,513$1,916$1,446$1,081$501
25 years$3,094$2,358$1,774$1,320$973$433
26 years$2,943$2,216$1,646$1,207$876$375
27 years$2,804$2,086$1,528$1,105$790$325
28 years$2,675$1,966$1,421$1,012$713$281
29 years$2,555$1,854$1,322$928$644$244
30 years$2,443$1,751$1,231$852$582$211
31 years$2,338$1,655$1,148$782$526$183
32 years$2,241$1,566$1,071$719$476$159
33 years$2,149$1,483$1,000$661$431$138
34 years$2,063$1,406$934$608$390$120
35 years$1,982$1,333$874$560$353$104
36 years$1,906$1,266$817$516$320$90
37 years$1,834$1,202$765$475$290$78
38 years$1,766$1,142$716$438$263$68
39 years$1,702$1,086$671$404$238$59
40 years$1,641$1,034$629$373$216$51
41 years$1,583$984$590$344$196$44
42 years$1,528$937$553$317$178$39
43 years$1,476$893$519$293$162$34
44 years$1,426$851$487$270$147$29
45 years$1,378$811$458$250$133$25
46 years$1,333$774$430$231$121$22
47 years$1,290$739$404$213$110$19
48 years$1,249$705$379$197$100$17
49 years$1,209$673$357$182$91$14
50 years$1,172$643$335$168$82$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,200,000, adding $5,534 every year, while hoping to spend $33,531 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: 43/46/11 Blend
68$1,200,000$1,200,000$1,200,000$1,200,000
69$1,328,108$1,264,508$1,245,908$1,380,754
70$1,427,899$1,290,793$1,251,970$1,444,314
71$1,536,744$1,317,241$1,257,110$1,509,316
72$1,655,532$1,343,826$1,261,263$1,578,987
73$1,785,241$1,370,518$1,264,360$1,653,767
74$1,926,946$1,397,284$1,266,327$1,734,141
75$2,081,834$1,424,090$1,267,088$1,820,647
76$2,251,207$1,450,897$1,266,562$1,913,874
77$2,436,503$1,477,664$1,264,665$2,014,473
78$2,639,303$1,504,346$1,261,308$2,123,164
79$2,861,348$1,530,895$1,256,398$2,240,736
80$3,104,557$1,557,260$1,249,838$2,368,063
81$3,371,039$1,583,384$1,241,526$2,506,106
82$3,663,123$1,609,207$1,231,354$2,655,928
83$3,983,368$1,634,665$1,219,211$2,818,698
84$4,334,597$1,659,688$1,204,980$2,995,706
85$4,719,916$1,684,203$1,188,537$3,188,375
86$5,142,748$1,708,130$1,169,754$3,398,274
87$5,606,863$1,731,383$1,148,495$3,627,133
88$6,116,414$1,753,872$1,124,621$3,876,859
89$6,675,975$1,775,498$1,097,982$4,149,558
90$7,290,585$1,796,158$1,068,425$4,447,548
91$7,965,796$1,815,741$1,035,789$4,773,390
92$8,707,723$1,834,128$999,903$5,129,903
93$9,523,103$1,851,193$960,593$5,520,200
94$10,419,359$1,866,800$917,671$5,947,712
95$11,404,666$1,880,807$870,946$6,416,223
96$12,488,035$1,893,059$820,216$6,929,904
97$13,679,391$1,903,395$765,269$7,493,357
98$14,989,668$1,911,641$705,885$8,111,655
99$16,430,916$1,917,613$641,834$8,790,392
100$18,016,408$1,921,115$572,874$9,535,737