Can I retire at age 69 with 1,300,000?

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$107,353$106,397$105,464$104,553$103,664$100,994
2 years$53,145$52,155$51,196$50,266$49,364$46,692
3 years$35,078$34,084$33,127$32,206$31,318$28,728
4 years$26,046$25,055$24,108$23,202$22,337$19,847
5 years$20,629$19,644$18,709$17,822$16,980$14,599
6 years$17,018$16,041$15,120$14,252$13,436$11,165
7 years$14,440$13,471$12,564$11,718$10,927$8,767
8 years$12,508$11,547$10,656$9,830$9,065$7,014
9 years$11,005$10,054$9,178$8,373$7,634$5,691
10 years$9,804$8,862$8,001$7,217$6,504$4,668
11 years$8,822$7,889$7,044$6,281$5,594$3,860
12 years$8,004$7,081$6,252$5,509$4,848$3,213
13 years$7,313$6,399$5,585$4,864$4,227$2,689
14 years$6,720$5,817$5,018$4,318$3,706$2,261
15 years$6,208$5,314$4,531$3,851$3,263$1,907
16 years$5,759$4,875$4,108$3,448$2,884$1,614
17 years$5,364$4,490$3,738$3,098$2,557$1,369
18 years$5,014$4,149$3,412$2,792$2,273$1,163
19 years$4,700$3,845$3,124$2,523$2,026$990
20 years$4,418$3,573$2,867$2,285$1,810$845
21 years$4,164$3,328$2,637$2,074$1,620$721
22 years$3,932$3,107$2,430$1,885$1,452$616
23 years$3,722$2,906$2,244$1,717$1,303$527
24 years$3,529$2,722$2,075$1,566$1,171$451
25 years$3,352$2,555$1,922$1,430$1,054$386
26 years$3,188$2,401$1,783$1,308$949$331
27 years$3,037$2,260$1,655$1,197$856$284
28 years$2,897$2,129$1,539$1,097$772$244
29 years$2,767$2,009$1,432$1,006$697$209
30 years$2,646$1,897$1,334$923$630$179
31 years$2,533$1,793$1,244$848$570$154
32 years$2,427$1,697$1,160$779$515$132
33 years$2,328$1,607$1,083$716$466$114
34 years$2,235$1,523$1,012$659$422$98
35 years$2,147$1,445$946$607$382$84
36 years$2,065$1,371$885$559$347$72
37 years$1,987$1,302$829$515$314$62
38 years$1,913$1,238$776$475$285$53
39 years$1,843$1,177$727$438$258$46
40 years$1,777$1,120$681$404$234$39
41 years$1,715$1,066$639$372$212$34
42 years$1,655$1,015$599$344$193$29
43 years$1,598$967$562$317$175$25
44 years$1,545$922$528$293$159$21
45 years$1,493$879$496$271$144$18
46 years$1,444$839$466$250$131$16
47 years$1,398$800$437$231$119$14
48 years$1,353$764$411$213$108$12
49 years$1,310$730$386$197$98$10
50 years$1,269$697$363$182$89$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,300,000, adding $5,496 every year, while hoping to spend $40,614 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: 66/15/19 Blend
68$1,300,000$1,300,000$1,300,000$1,300,000
69$1,438,269$1,369,369$1,349,219$1,526,032
70$1,541,760$1,393,255$1,351,205$1,609,412
71$1,654,445$1,416,951$1,351,896$1,695,345
72$1,777,220$1,440,403$1,351,206$1,788,311
73$1,911,070$1,463,556$1,349,045$1,888,998
74$2,057,078$1,486,350$1,345,318$1,998,169
75$2,216,439$1,508,719$1,339,924$2,116,661
76$2,390,465$1,530,595$1,332,761$2,245,397
77$2,580,601$1,551,904$1,323,718$2,385,398
78$2,788,441$1,572,565$1,312,680$2,537,784
79$3,015,735$1,592,495$1,299,528$2,703,795
80$3,264,414$1,611,601$1,284,137$2,884,794
81$3,536,602$1,629,787$1,266,373$3,082,286
82$3,834,639$1,646,950$1,246,100$3,297,928
83$4,161,101$1,662,979$1,223,173$3,533,550
84$4,518,824$1,677,756$1,197,440$3,791,167
85$4,910,934$1,691,156$1,168,744$4,073,000
86$5,340,871$1,703,045$1,136,919$4,381,500
87$5,812,427$1,713,281$1,101,793$4,719,365
88$6,329,775$1,721,712$1,063,183$5,089,575
89$6,897,513$1,728,177$1,020,901$5,495,409
90$7,520,707$1,732,505$974,749$5,940,488
91$8,204,936$1,734,514$924,519$6,428,799
92$8,956,345$1,734,011$869,996$6,964,740
93$9,781,704$1,730,790$810,954$7,553,158
94$10,688,473$1,724,634$747,155$8,199,398
95$11,684,866$1,715,310$678,354$8,909,350
96$12,779,936$1,702,574$604,293$9,689,508
97$13,983,655$1,686,165$524,702$10,547,033
98$15,307,008$1,665,807$439,299$11,489,815
99$16,762,098$1,641,208$347,792$12,526,555
100$18,362,263$1,612,057$249,873$13,666,843