Can I retire at age 69 with 1,290,000?

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$106,527$105,578$104,652$103,749$102,866$99,138
2 years$52,736$51,754$50,802$49,879$48,984$45,268
3 years$34,808$33,822$32,872$31,958$31,077$27,492
4 years$25,846$24,863$23,923$23,024$22,165$18,736
5 years$20,470$19,493$18,565$17,685$16,849$13,587
6 years$16,887$15,917$15,003$14,143$13,332$10,238
7 years$14,329$13,367$12,468$11,627$10,843$7,917
8 years$12,411$11,458$10,574$9,754$8,995$6,234
9 years$10,921$9,976$9,107$8,308$7,575$4,976
10 years$9,729$8,794$7,940$7,162$6,454$4,012
11 years$8,754$7,829$6,990$6,233$5,551$3,261
12 years$7,943$7,026$6,203$5,467$4,810$2,666
13 years$7,256$6,350$5,542$4,827$4,195$2,191
14 years$6,669$5,772$4,980$4,284$3,677$1,808
15 years$6,160$5,273$4,496$3,821$3,238$1,496
16 years$5,715$4,838$4,076$3,421$2,861$1,242
17 years$5,323$4,455$3,709$3,074$2,537$1,032
18 years$4,975$4,117$3,386$2,770$2,256$860
19 years$4,664$3,815$3,100$2,503$2,011$718
20 years$4,384$3,545$2,845$2,267$1,796$599
21 years$4,132$3,302$2,617$2,058$1,607$501
22 years$3,902$3,083$2,412$1,871$1,441$419
23 years$3,693$2,883$2,227$1,704$1,293$351
24 years$3,502$2,701$2,059$1,554$1,162$294
25 years$3,326$2,535$1,907$1,419$1,046$247
26 years$3,164$2,383$1,769$1,298$942$207
27 years$3,014$2,242$1,643$1,188$849$173
28 years$2,875$2,113$1,527$1,088$766$146
29 years$2,746$1,993$1,421$998$692$122
30 years$2,626$1,882$1,324$916$625$103
31 years$2,514$1,780$1,234$841$565$86
32 years$2,409$1,684$1,151$773$511$72
33 years$2,310$1,595$1,075$711$463$61
34 years$2,218$1,511$1,004$654$419$51
35 years$2,131$1,433$939$602$380$43
36 years$2,049$1,361$879$555$344$36
37 years$1,971$1,292$822$511$312$30
38 years$1,898$1,228$770$471$283$25
39 years$1,829$1,168$721$434$256$21
40 years$1,764$1,111$676$400$232$18
41 years$1,701$1,058$634$370$211$15
42 years$1,642$1,007$595$341$191$13
43 years$1,586$960$558$315$174$11
44 years$1,533$915$524$291$158$9
45 years$1,482$872$492$268$143$8
46 years$1,433$832$462$248$130$6
47 years$1,387$794$434$229$118$5
48 years$1,342$758$408$212$107$4
49 years$1,300$724$383$196$97$4
50 years$1,259$692$360$181$88$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,290,000, adding $2,885 every year, while hoping to spend $48,539 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: 71/7/22 Blend
68$1,290,000$1,290,000$1,290,000$1,290,000
69$1,424,556$1,356,186$1,336,191$1,517,748
70$1,518,215$1,370,994$1,329,308$1,595,097
71$1,619,801$1,384,901$1,320,568$1,673,749
72$1,730,071$1,397,811$1,309,857$1,758,679
73$1,849,858$1,409,623$1,297,056$1,850,503
74$1,980,077$1,420,228$1,282,041$1,949,902
75$2,121,736$1,429,511$1,264,682$2,057,627
76$2,275,946$1,437,349$1,244,841$2,174,506
77$2,443,925$1,443,612$1,222,376$2,301,452
78$2,627,017$1,448,160$1,197,137$2,439,470
79$2,826,699$1,450,846$1,168,967$2,589,671
80$3,044,598$1,451,514$1,137,703$2,753,279
81$3,282,504$1,449,995$1,103,174$2,931,644
82$3,542,389$1,446,114$1,065,199$3,126,254
83$3,826,422$1,439,683$1,023,593$3,338,751
84$4,136,991$1,430,502$978,157$3,570,945
85$4,476,727$1,418,359$928,688$3,824,830
86$4,848,526$1,403,031$874,972$4,102,610
87$5,255,576$1,384,280$816,784$4,406,709
88$5,701,388$1,361,854$753,890$4,739,804
89$6,189,831$1,335,486$686,047$5,104,846
90$6,725,162$1,304,893$612,998$5,505,089
91$7,312,072$1,269,776$534,476$5,944,119
92$7,955,727$1,229,819$450,205$6,425,892
93$8,661,816$1,184,684$359,891$6,954,769
94$9,436,605$1,134,019$263,232$7,535,558
95$10,286,999$1,077,446$159,910$8,173,562
96$11,220,601$1,014,568$49,595$8,874,625
97$12,245,786$944,966$0$9,645,192
98$13,371,782$868,195$0$10,508,360
99$14,608,753$783,785$0$11,469,433
100$15,967,895$691,240$0$12,525,482