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%12.9%
1 years$101,572$100,667$99,785$98,923$98,082$96,896
2 years$50,283$49,347$48,439$47,559$46,706$45,513
3 years$33,189$32,249$31,343$30,472$29,632$28,468
4 years$24,644$23,706$22,810$21,953$21,134$20,009
5 years$19,518$18,586$17,701$16,862$16,066$14,982
6 years$16,102$15,177$14,305$13,485$12,712$11,672
7 years$13,663$12,745$11,888$11,087$10,338$9,342
8 years$11,834$10,925$10,082$9,300$8,577$7,623
9 years$10,413$9,512$8,683$7,922$7,223$6,312
10 years$9,276$8,385$7,570$6,829$6,154$5,286
11 years$8,347$7,464$6,665$5,943$5,293$4,466
12 years$7,573$6,700$5,915$5,213$4,587$3,801
13 years$6,919$6,055$5,285$4,602$4,000$3,253
14 years$6,359$5,503$4,748$4,085$3,506$2,798
15 years$5,873$5,027$4,287$3,643$3,087$2,417
16 years$5,449$4,613$3,887$3,262$2,728$2,094
17 years$5,076$4,248$3,537$2,931$2,419$1,820
18 years$4,744$3,925$3,229$2,641$2,151$1,586
19 years$4,447$3,638$2,956$2,387$1,917$1,385
20 years$4,180$3,381$2,713$2,162$1,712$1,211
21 years$3,939$3,149$2,495$1,962$1,532$1,061
22 years$3,721$2,939$2,300$1,784$1,374$931
23 years$3,521$2,749$2,123$1,625$1,233$817
24 years$3,339$2,576$1,964$1,482$1,108$719
25 years$3,171$2,417$1,819$1,353$997$632
26 years$3,017$2,272$1,687$1,237$898$557
27 years$2,874$2,138$1,566$1,132$810$491
28 years$2,741$2,015$1,456$1,038$731$433
29 years$2,618$1,901$1,355$951$660$382
30 years$2,504$1,795$1,262$873$596$337
31 years$2,397$1,697$1,177$802$539$298
32 years$2,297$1,606$1,098$737$488$263
33 years$2,203$1,520$1,025$678$441$232
34 years$2,115$1,441$958$624$400$205
35 years$2,032$1,367$895$574$362$181
36 years$1,954$1,297$838$529$328$160
37 years$1,880$1,232$784$487$297$142
38 years$1,810$1,171$734$449$269$126
39 years$1,744$1,113$688$414$244$111
40 years$1,682$1,059$645$382$222$98
41 years$1,622$1,008$605$352$201$87
42 years$1,566$960$567$325$182$77
43 years$1,512$915$532$300$166$68
44 years$1,461$872$500$277$150$60
45 years$1,413$832$469$256$136$53
46 years$1,366$793$441$236$124$47
47 years$1,322$757$414$218$112$42
48 years$1,280$723$389$202$102$37
49 years$1,240$690$366$187$93$33
50 years$1,201$659$344$172$84$29

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 $4,155 every year, while hoping to spend $40,372 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: 37/47/16 Blend
68$1,230,000$1,230,000$1,230,000$1,230,000
69$1,359,746$1,294,556$1,275,491$1,403,309
70$1,455,484$1,315,034$1,275,264$1,455,529
71$1,559,635$1,335,162$1,273,677$1,507,746
72$1,673,014$1,354,880$1,270,641$1,563,287
73$1,796,517$1,374,125$1,266,063$1,622,471
74$1,931,133$1,392,829$1,259,848$1,685,651
75$2,077,948$1,410,916$1,251,892$1,753,216
76$2,238,157$1,428,310$1,242,089$1,825,600
77$2,413,079$1,444,927$1,230,328$1,903,277
78$2,604,161$1,460,676$1,216,492$1,986,777
79$2,812,999$1,475,463$1,200,459$2,076,683
80$3,041,350$1,489,186$1,182,099$2,173,639
81$3,291,148$1,501,736$1,161,280$2,278,358
82$3,564,522$1,512,998$1,137,859$2,391,629
83$3,863,817$1,522,849$1,111,691$2,514,323
84$4,191,615$1,531,157$1,082,622$2,647,403
85$4,550,759$1,537,784$1,050,489$2,791,932
86$4,944,382$1,542,580$1,015,126$2,949,087
87$5,375,931$1,545,389$976,355$3,120,168
88$5,849,207$1,546,044$933,993$3,306,611
89$6,368,391$1,544,365$887,848$3,510,002
90$6,938,094$1,540,166$837,717$3,732,093
91$7,563,390$1,533,244$783,391$3,974,822
92$8,249,870$1,523,388$724,650$4,240,326
93$9,003,695$1,510,372$661,263$4,530,969
94$9,831,649$1,493,957$592,993$4,849,359
95$10,741,205$1,473,889$519,586$5,198,378
96$11,740,599$1,449,900$440,783$5,581,206
97$12,838,900$1,421,705$356,309$6,001,358
98$14,046,101$1,389,002$265,879$6,462,712
99$15,373,212$1,351,473$169,195$6,969,551
100$16,832,363$1,308,778$65,946$7,526,602