Can I retire at age 69 with 1,280,000?

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$105,701$104,760$103,841$102,944$102,069$100,877
2 years$52,327$51,353$50,408$49,493$48,604$47,405
3 years$34,538$33,560$32,618$31,710$30,837$29,666
4 years$25,646$24,670$23,737$22,846$21,993$20,861
5 years$20,311$19,341$18,421$17,548$16,719$15,629
6 years$16,756$15,794$14,887$14,033$13,229$12,182
7 years$14,218$13,264$12,371$11,537$10,759$9,755
8 years$12,315$11,369$10,492$9,678$8,925$7,965
9 years$10,836$9,899$9,036$8,244$7,516$6,600
10 years$9,653$8,726$7,878$7,106$6,404$5,530
11 years$8,686$7,768$6,936$6,185$5,508$4,675
12 years$7,881$6,972$6,155$5,425$4,773$3,981
13 years$7,200$6,301$5,499$4,789$4,162$3,410
14 years$6,617$5,727$4,941$4,251$3,649$2,935
15 years$6,112$5,232$4,461$3,791$3,212$2,537
16 years$5,671$4,800$4,045$3,395$2,839$2,200
17 years$5,282$4,421$3,681$3,050$2,517$1,913
18 years$4,936$4,085$3,360$2,749$2,238$1,668
19 years$4,628$3,786$3,076$2,484$1,995$1,457
20 years$4,350$3,518$2,823$2,250$1,782$1,276
21 years$4,100$3,277$2,596$2,042$1,595$1,118
22 years$3,872$3,059$2,393$1,856$1,429$982
23 years$3,664$2,861$2,210$1,691$1,283$863
24 years$3,475$2,680$2,043$1,542$1,153$759
25 years$3,300$2,515$1,893$1,408$1,038$669
26 years$3,139$2,364$1,755$1,288$935$589
27 years$2,991$2,225$1,630$1,179$843$520
28 years$2,853$2,097$1,515$1,080$761$459
29 years$2,725$1,978$1,410$990$687$405
30 years$2,606$1,868$1,313$909$621$358
31 years$2,494$1,766$1,225$835$561$316
32 years$2,390$1,671$1,142$767$507$280
33 years$2,292$1,582$1,067$705$459$247
34 years$2,201$1,500$997$649$416$219
35 years$2,114$1,422$932$597$377$193
36 years$2,033$1,350$872$550$341$171
37 years$1,956$1,282$816$507$309$152
38 years$1,884$1,219$764$467$280$134
39 years$1,815$1,159$716$431$254$119
40 years$1,750$1,102$671$397$231$105
41 years$1,688$1,049$629$367$209$93
42 years$1,630$999$590$338$190$83
43 years$1,574$952$554$312$172$73
44 years$1,521$908$520$288$156$65
45 years$1,470$866$488$266$142$57
46 years$1,422$826$458$246$129$51
47 years$1,376$788$431$227$117$45
48 years$1,332$752$405$210$106$40
49 years$1,290$718$380$194$97$35
50 years$1,250$686$358$179$88$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,280,000, adding $5,672 every year, while hoping to spend $35,988 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: 81/12/7 Blend
68$1,280,000$1,280,000$1,280,000$1,280,000
69$1,416,411$1,348,571$1,328,731$1,529,670
70$1,522,594$1,376,360$1,334,952$1,632,409
71$1,638,401$1,404,304$1,340,176$1,739,786
72$1,764,777$1,432,374$1,344,331$1,856,539
73$1,902,759$1,460,536$1,347,341$1,983,584
74$2,053,492$1,488,753$1,349,129$2,121,933
75$2,218,235$1,516,988$1,349,610$2,272,699
76$2,398,372$1,545,198$1,348,700$2,437,106
77$2,595,431$1,573,338$1,346,306$2,616,506
78$2,811,091$1,601,358$1,342,334$2,812,384
79$3,047,203$1,629,205$1,336,682$3,026,379
80$3,305,803$1,656,821$1,329,247$3,260,294
81$3,589,136$1,684,147$1,319,918$3,516,117
82$3,899,673$1,711,114$1,308,580$3,796,037
83$4,240,134$1,737,653$1,295,111$4,102,465
84$4,613,517$1,763,688$1,279,387$4,438,057
85$5,023,123$1,789,136$1,261,274$4,805,742
86$5,472,588$1,813,910$1,240,633$5,208,744
87$5,965,918$1,837,918$1,217,320$5,650,615
88$6,507,523$1,861,058$1,191,183$6,135,271
89$7,102,265$1,883,224$1,162,061$6,667,024
90$7,755,496$1,904,302$1,129,790$7,250,627
91$8,473,114$1,924,169$1,094,195$7,891,317
92$9,261,615$1,942,697$1,055,094$8,594,862
93$10,128,157$1,959,747$1,012,297$9,367,622
94$11,080,624$1,975,170$965,605$10,216,601
95$12,127,705$1,988,810$914,810$11,149,518
96$13,278,969$2,000,500$859,694$12,174,881
97$14,544,960$2,010,060$800,029$13,302,063
98$15,937,295$2,017,303$735,580$14,541,392
99$17,468,774$2,022,026$666,097$15,904,250
100$19,153,500$2,024,016$591,322$17,403,179