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%16.8%
1 years$101,572$100,667$99,785$98,923$98,082$95,363
2 years$50,283$49,347$48,439$47,559$46,706$43,987
3 years$33,189$32,249$31,343$30,472$29,632$26,998
4 years$24,644$23,706$22,810$21,953$21,134$18,605
5 years$19,518$18,586$17,701$16,862$16,066$13,649
6 years$16,102$15,177$14,305$13,485$12,712$10,410
7 years$13,663$12,745$11,888$11,087$10,338$8,151
8 years$11,834$10,925$10,082$9,300$8,577$6,503
9 years$10,413$9,512$8,683$7,922$7,223$5,260
10 years$9,276$8,385$7,570$6,829$6,154$4,301
11 years$8,347$7,464$6,665$5,943$5,293$3,545
12 years$7,573$6,700$5,915$5,213$4,587$2,942
13 years$6,919$6,055$5,285$4,602$4,000$2,454
14 years$6,359$5,503$4,748$4,085$3,506$2,055
15 years$5,873$5,027$4,287$3,643$3,087$1,728
16 years$5,449$4,613$3,887$3,262$2,728$1,457
17 years$5,076$4,248$3,537$2,931$2,419$1,231
18 years$4,744$3,925$3,229$2,641$2,151$1,043
19 years$4,447$3,638$2,956$2,387$1,917$884
20 years$4,180$3,381$2,713$2,162$1,712$751
21 years$3,939$3,149$2,495$1,962$1,532$639
22 years$3,721$2,939$2,300$1,784$1,374$544
23 years$3,521$2,749$2,123$1,625$1,233$463
24 years$3,339$2,576$1,964$1,482$1,108$395
25 years$3,171$2,417$1,819$1,353$997$337
26 years$3,017$2,272$1,687$1,237$898$288
27 years$2,874$2,138$1,566$1,132$810$246
28 years$2,741$2,015$1,456$1,038$731$210
29 years$2,618$1,901$1,355$951$660$179
30 years$2,504$1,795$1,262$873$596$153
31 years$2,397$1,697$1,177$802$539$131
32 years$2,297$1,606$1,098$737$488$112
33 years$2,203$1,520$1,025$678$441$96
34 years$2,115$1,441$958$624$400$82
35 years$2,032$1,367$895$574$362$70
36 years$1,954$1,297$838$529$328$60
37 years$1,880$1,232$784$487$297$51
38 years$1,810$1,171$734$449$269$44
39 years$1,744$1,113$688$414$244$38
40 years$1,682$1,059$645$382$222$32
41 years$1,622$1,008$605$352$201$28
42 years$1,566$960$567$325$182$24
43 years$1,512$915$532$300$166$20
44 years$1,461$872$500$277$150$17
45 years$1,413$832$469$256$136$15
46 years$1,366$793$441$236$124$13
47 years$1,322$757$414$218$112$11
48 years$1,280$723$389$202$102$9
49 years$1,240$690$366$187$93$8
50 years$1,201$659$344$172$84$7

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 $3,499 every year, while hoping to spend $39,619 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: 51/26/23 Blend
68$1,230,000$1,230,000$1,230,000$1,230,000
69$1,359,069$1,293,879$1,274,814$1,419,485
70$1,455,540$1,315,125$1,275,366$1,482,945
71$1,560,523$1,336,084$1,274,609$1,547,580
72$1,674,844$1,356,700$1,272,456$1,617,042
73$1,799,414$1,376,914$1,268,819$1,691,803
74$1,935,232$1,396,661$1,263,602$1,772,387
75$2,083,400$1,415,872$1,256,708$1,859,370
76$2,245,131$1,434,474$1,248,032$1,953,390
77$2,421,759$1,452,387$1,237,465$2,055,148
78$2,614,754$1,469,529$1,224,895$2,165,422
79$2,825,732$1,485,809$1,210,202$2,285,067
80$3,056,474$1,501,132$1,193,262$2,415,028
81$3,308,941$1,515,394$1,173,943$2,556,349
82$3,585,293$1,528,488$1,152,109$2,710,180
83$3,887,905$1,540,296$1,127,618$2,877,793
84$4,219,397$1,550,696$1,100,318$3,060,589
85$4,582,651$1,559,556$1,070,055$3,260,116
86$4,980,843$1,566,735$1,036,663$3,478,082
87$5,417,469$1,572,085$999,971$3,716,370
88$5,896,381$1,575,448$959,800$3,977,060
89$6,421,822$1,576,655$915,964$4,262,445
90$6,998,464$1,575,527$868,265$4,575,057
91$7,631,454$1,571,875$816,498$4,917,688
92$8,326,462$1,565,497$760,451$5,293,419
93$9,089,735$1,556,179$699,900$5,705,649
94$9,928,151$1,543,695$634,609$6,158,127
95$10,849,290$1,527,805$564,337$6,654,990
96$11,861,503$1,508,252$488,827$7,200,801
97$12,973,986$1,484,767$407,813$7,800,592
98$14,196,876$1,457,063$321,018$8,459,915
99$15,541,336$1,424,838$228,151$9,184,893
100$17,019,667$1,387,769$128,908$9,982,281