Can I retire at age 69 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$104,050$103,123$102,219$101,336$100,474$98,567
2 years$51,510$50,550$49,621$48,719$47,845$45,930
3 years$33,999$33,035$32,108$31,215$30,355$28,493
4 years$25,245$24,284$23,366$22,489$21,649$19,855
5 years$19,994$19,039$18,133$17,273$16,457$14,735
6 years$16,495$15,547$14,654$13,814$13,022$11,374
7 years$13,996$13,056$12,178$11,357$10,591$9,017
8 years$12,123$11,192$10,328$9,527$8,786$7,287
9 years$10,667$9,744$8,895$8,115$7,399$5,973
10 years$9,502$8,589$7,755$6,995$6,304$4,950
11 years$8,551$7,646$6,827$6,088$5,422$4,138
12 years$7,758$6,863$6,059$5,340$4,699$3,483
13 years$7,088$6,202$5,414$4,714$4,097$2,949
14 years$6,514$5,638$4,864$4,185$3,592$2,508
15 years$6,017$5,150$4,392$3,732$3,162$2,141
16 years$5,582$4,725$3,982$3,342$2,795$1,833
17 years$5,199$4,352$3,623$3,003$2,478$1,574
18 years$4,859$4,021$3,307$2,706$2,203$1,355
19 years$4,555$3,727$3,028$2,445$1,964$1,168
20 years$4,282$3,463$2,779$2,214$1,754$1,009
21 years$4,036$3,226$2,556$2,010$1,570$873
22 years$3,811$3,011$2,356$1,827$1,407$756
23 years$3,607$2,816$2,175$1,664$1,263$655
24 years$3,420$2,639$2,012$1,518$1,135$568
25 years$3,248$2,476$1,863$1,386$1,022$493
26 years$3,090$2,327$1,728$1,267$920$429
27 years$2,944$2,190$1,605$1,160$830$373
28 years$2,808$2,064$1,492$1,063$749$324
29 years$2,682$1,947$1,388$975$676$282
30 years$2,565$1,839$1,293$895$611$245
31 years$2,455$1,738$1,205$822$552$214
32 years$2,353$1,645$1,125$755$500$186
33 years$2,256$1,558$1,050$694$452$162
34 years$2,166$1,476$981$639$409$141
35 years$2,081$1,400$917$588$371$123
36 years$2,001$1,329$858$542$336$107
37 years$1,926$1,262$803$499$304$94
38 years$1,854$1,200$752$460$276$82
39 years$1,787$1,141$705$424$250$71
40 years$1,723$1,085$660$391$227$62
41 years$1,662$1,033$619$361$206$54
42 years$1,604$984$581$333$187$47
43 years$1,549$937$545$307$170$41
44 years$1,497$894$512$284$154$36
45 years$1,447$852$480$262$140$31
46 years$1,400$813$451$242$127$27
47 years$1,355$776$424$224$115$24
48 years$1,311$740$398$207$105$21
49 years$1,270$707$374$191$95$18
50 years$1,230$675$352$177$86$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,260,000, adding $6,372 every year, while hoping to spend $32,938 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: 34/36/30 Blend
68$1,260,000$1,260,000$1,260,000$1,260,000
69$1,395,093$1,328,313$1,308,783$1,429,715
70$1,502,346$1,358,354$1,317,581$1,486,570
71$1,619,436$1,388,764$1,325,570$1,544,471
72$1,747,330$1,419,525$1,332,689$1,606,285
73$1,887,095$1,450,619$1,338,871$1,672,384
74$2,039,904$1,482,024$1,344,048$1,743,179
75$2,207,050$1,513,719$1,348,149$1,819,124
76$2,389,955$1,545,678$1,351,099$1,900,719
77$2,590,187$1,577,873$1,352,818$1,988,516
78$2,809,472$1,610,274$1,353,222$2,083,125
79$3,049,708$1,642,848$1,352,226$2,185,217
80$3,312,989$1,675,558$1,349,736$2,295,535
81$3,601,620$1,708,366$1,345,658$2,414,898
82$3,918,138$1,741,229$1,339,890$2,544,210
83$4,265,339$1,774,100$1,332,328$2,684,468
84$4,646,303$1,806,930$1,322,860$2,836,773
85$5,064,421$1,839,665$1,311,370$3,002,339
86$5,523,429$1,872,245$1,297,738$3,182,507
87$6,027,442$1,904,609$1,281,836$3,378,755
88$6,580,995$1,936,688$1,263,531$3,592,716
89$7,189,080$1,968,410$1,242,684$3,826,189
90$7,857,201$1,999,697$1,219,148$4,081,162
91$8,591,416$2,030,463$1,192,771$4,359,827
92$9,398,405$2,060,620$1,163,392$4,664,601
93$10,285,522$2,090,070$1,130,846$4,998,153
94$11,260,872$2,118,711$1,094,956$5,363,426
95$12,333,385$2,146,431$1,055,541$5,763,667
96$13,512,896$2,173,112$1,012,407$6,202,458
97$14,810,245$2,198,628$965,357$6,683,751
98$16,237,373$2,222,844$914,179$7,211,904
99$17,807,437$2,245,615$858,656$7,791,724
100$19,534,935$2,266,789$798,560$8,428,515