Can I retire at age 69 with 1,230,000?

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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$101,572$100,667$99,785$98,923$98,082$94,265
2 years$50,283$49,347$48,439$47,559$46,706$42,906
3 years$33,189$32,249$31,343$30,472$29,632$25,970
4 years$24,644$23,706$22,810$21,953$21,134$17,636
5 years$19,518$18,586$17,701$16,862$16,066$12,742
6 years$16,102$15,177$14,305$13,485$12,712$9,565
7 years$13,663$12,745$11,888$11,087$10,338$7,366
8 years$11,834$10,925$10,082$9,300$8,577$5,777
9 years$10,413$9,512$8,683$7,922$7,223$4,591
10 years$9,276$8,385$7,570$6,829$6,154$3,686
11 years$8,347$7,464$6,665$5,943$5,293$2,982
12 years$7,573$6,700$5,915$5,213$4,587$2,427
13 years$6,919$6,055$5,285$4,602$4,000$1,985
14 years$6,359$5,503$4,748$4,085$3,506$1,629
15 years$5,873$5,027$4,287$3,643$3,087$1,342
16 years$5,449$4,613$3,887$3,262$2,728$1,108
17 years$5,076$4,248$3,537$2,931$2,419$917
18 years$4,744$3,925$3,229$2,641$2,151$760
19 years$4,447$3,638$2,956$2,387$1,917$630
20 years$4,180$3,381$2,713$2,162$1,712$524
21 years$3,939$3,149$2,495$1,962$1,532$435
22 years$3,721$2,939$2,300$1,784$1,374$362
23 years$3,521$2,749$2,123$1,625$1,233$302
24 years$3,339$2,576$1,964$1,482$1,108$251
25 years$3,171$2,417$1,819$1,353$997$210
26 years$3,017$2,272$1,687$1,237$898$175
27 years$2,874$2,138$1,566$1,132$810$146
28 years$2,741$2,015$1,456$1,038$731$122
29 years$2,618$1,901$1,355$951$660$101
30 years$2,504$1,795$1,262$873$596$85
31 years$2,397$1,697$1,177$802$539$71
32 years$2,297$1,606$1,098$737$488$59
33 years$2,203$1,520$1,025$678$441$49
34 years$2,115$1,441$958$624$400$41
35 years$2,032$1,367$895$574$362$34
36 years$1,954$1,297$838$529$328$29
37 years$1,880$1,232$784$487$297$24
38 years$1,810$1,171$734$449$269$20
39 years$1,744$1,113$688$414$244$17
40 years$1,682$1,059$645$382$222$14
41 years$1,622$1,008$605$352$201$12
42 years$1,566$960$567$325$182$10
43 years$1,512$915$532$300$166$8
44 years$1,461$872$500$277$150$7
45 years$1,413$832$469$256$136$6
46 years$1,366$793$441$236$124$5
47 years$1,322$757$414$218$112$4
48 years$1,280$723$389$202$102$3
49 years$1,240$690$366$187$93$3
50 years$1,201$659$344$172$84$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,230,000, adding $3,080 every year, while hoping to spend $40,347 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: 75/20/5 Blend
68$1,230,000$1,230,000$1,230,000$1,230,000
69$1,358,637$1,293,447$1,274,382$1,459,853
70$1,454,289$1,313,897$1,274,145$1,547,244
71$1,558,345$1,333,997$1,272,548$1,637,500
72$1,671,621$1,353,687$1,269,502$1,735,218
73$1,795,011$1,372,903$1,264,915$1,841,121
74$1,929,503$1,391,576$1,258,691$1,956,005
75$2,076,183$1,409,633$1,250,728$2,080,748
76$2,236,245$1,426,996$1,240,918$2,216,314
77$2,411,004$1,443,581$1,229,151$2,363,767
78$2,601,909$1,459,299$1,215,310$2,524,280
79$2,810,552$1,474,054$1,199,272$2,699,143
80$3,038,690$1,487,744$1,180,909$2,889,779
81$3,288,254$1,500,261$1,160,087$3,097,756
82$3,561,371$1,511,489$1,136,665$3,324,800
83$3,860,385$1,521,306$1,110,497$3,572,815
84$4,187,873$1,529,579$1,081,428$3,843,896
85$4,546,679$1,536,171$1,049,298$4,140,355
86$4,939,929$1,540,932$1,013,939$4,464,737
87$5,371,069$1,543,706$975,173$4,819,849
88$5,843,895$1,544,324$932,818$5,208,782
89$6,362,586$1,542,609$886,681$5,634,944
90$6,931,746$1,538,373$836,561$6,102,090
91$7,556,445$1,531,415$782,247$6,614,359
92$8,242,270$1,521,522$723,520$7,176,311
93$8,995,374$1,508,469$660,150$7,792,974
94$9,822,535$1,492,016$591,898$8,469,887
95$10,731,220$1,471,911$518,513$9,213,155
96$11,729,654$1,447,885$439,733$10,029,507
97$12,826,900$1,419,652$355,285$10,926,361
98$14,032,941$1,386,912$264,884$11,911,888
99$15,358,775$1,349,345$168,232$12,995,098
100$16,816,521$1,306,614$65,019$14,185,918