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%19.1%
1 years$107,353$106,397$105,464$104,553$103,664$99,867
2 years$53,145$52,155$51,196$50,266$49,364$45,580
3 years$35,078$34,084$33,127$32,206$31,318$27,668
4 years$26,046$25,055$24,108$23,202$22,337$18,847
5 years$20,629$19,644$18,709$17,822$16,980$13,660
6 years$17,018$16,041$15,120$14,252$13,436$10,288
7 years$14,440$13,471$12,564$11,718$10,927$7,950
8 years$12,508$11,547$10,656$9,830$9,065$6,257
9 years$11,005$10,054$9,178$8,373$7,634$4,991
10 years$9,804$8,862$8,001$7,217$6,504$4,022
11 years$8,822$7,889$7,044$6,281$5,594$3,266
12 years$8,004$7,081$6,252$5,509$4,848$2,669
13 years$7,313$6,399$5,585$4,864$4,227$2,192
14 years$6,720$5,817$5,018$4,318$3,706$1,807
15 years$6,208$5,314$4,531$3,851$3,263$1,495
16 years$5,759$4,875$4,108$3,448$2,884$1,239
17 years$5,364$4,490$3,738$3,098$2,557$1,030
18 years$5,014$4,149$3,412$2,792$2,273$857
19 years$4,700$3,845$3,124$2,523$2,026$715
20 years$4,418$3,573$2,867$2,285$1,810$596
21 years$4,164$3,328$2,637$2,074$1,620$498
22 years$3,932$3,107$2,430$1,885$1,452$417
23 years$3,722$2,906$2,244$1,717$1,303$349
24 years$3,529$2,722$2,075$1,566$1,171$292
25 years$3,352$2,555$1,922$1,430$1,054$244
26 years$3,188$2,401$1,783$1,308$949$205
27 years$3,037$2,260$1,655$1,197$856$172
28 years$2,897$2,129$1,539$1,097$772$144
29 years$2,767$2,009$1,432$1,006$697$121
30 years$2,646$1,897$1,334$923$630$101
31 years$2,533$1,793$1,244$848$570$85
32 years$2,427$1,697$1,160$779$515$71
33 years$2,328$1,607$1,083$716$466$60
34 years$2,235$1,523$1,012$659$422$50
35 years$2,147$1,445$946$607$382$42
36 years$2,065$1,371$885$559$347$35
37 years$1,987$1,302$829$515$314$30
38 years$1,913$1,238$776$475$285$25
39 years$1,843$1,177$727$438$258$21
40 years$1,777$1,120$681$404$234$18
41 years$1,715$1,066$639$372$212$15
42 years$1,655$1,015$599$344$193$12
43 years$1,598$967$562$317$175$10
44 years$1,545$922$528$293$159$9
45 years$1,493$879$496$271$144$7
46 years$1,444$839$466$250$131$6
47 years$1,398$800$437$231$119$5
48 years$1,353$764$411$213$108$4
49 years$1,310$730$386$197$98$4
50 years$1,269$697$363$182$89$3

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 $6,462 every year, while hoping to spend $23,299 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: 68/17/15 Blend
68$1,300,000$1,300,000$1,300,000$1,300,000
69$1,439,266$1,370,366$1,350,216$1,531,671
70$1,561,281$1,412,724$1,370,658$1,636,429
71$1,694,960$1,456,376$1,391,004$1,747,607
72$1,841,470$1,501,362$1,411,226$1,868,619
73$2,002,093$1,547,722$1,431,295$2,000,431
74$2,178,242$1,595,496$1,451,179$2,144,103
75$2,371,475$1,644,727$1,470,846$2,300,805
76$2,583,505$1,695,459$1,490,259$2,471,824
77$2,816,222$1,747,735$1,509,382$2,658,577
78$3,071,706$1,801,604$1,528,175$2,862,627
79$3,352,248$1,857,110$1,546,598$3,085,691
80$3,660,373$1,914,305$1,564,605$3,329,664
81$3,998,862$1,973,237$1,582,150$3,596,632
82$4,370,779$2,033,958$1,599,185$3,888,891
83$4,779,498$2,096,522$1,615,657$4,208,974
84$5,228,738$2,160,983$1,631,513$4,559,666
85$5,722,595$2,227,397$1,646,694$4,944,040
86$6,265,582$2,295,821$1,661,141$5,365,477
87$6,862,672$2,366,316$1,674,789$5,827,705
88$7,519,341$2,438,943$1,687,571$6,334,829
89$8,241,625$2,513,763$1,699,417$6,891,372
90$9,036,175$2,590,841$1,710,251$7,502,318
91$9,910,318$2,670,245$1,719,997$8,173,156
92$10,872,125$2,752,041$1,728,571$8,909,935
93$11,930,491$2,836,301$1,735,888$9,719,321
94$13,095,217$2,923,096$1,741,856$10,608,655
95$14,377,101$3,012,500$1,746,381$11,586,029
96$15,788,042$3,104,589$1,749,361$12,660,356
97$17,341,150$3,199,441$1,750,693$13,841,459
98$19,050,871$3,297,138$1,750,264$15,140,161
99$20,933,123$3,397,760$1,747,961$16,568,385
100$23,005,444$3,501,393$1,743,661$18,139,273