Can I retire at age 69 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$108,179$107,215$106,275$105,357$104,461$103,327
2 years$53,554$52,556$51,590$50,653$49,743$48,602
3 years$35,348$34,346$33,382$32,454$31,559$30,445
4 years$26,247$25,248$24,294$23,381$22,508$21,431
5 years$20,787$19,795$18,853$17,959$17,110$16,072
6 years$17,149$16,164$15,236$14,362$13,539$12,541
7 years$14,551$13,574$12,661$11,808$11,011$10,054
8 years$12,604$11,636$10,738$9,905$9,135$8,219
9 years$11,090$10,131$9,248$8,437$7,693$6,817
10 years$9,880$8,930$8,063$7,273$6,554$5,719
11 years$8,890$7,950$7,098$6,329$5,637$4,841
12 years$8,066$7,135$6,300$5,552$4,885$4,128
13 years$7,369$6,448$5,628$4,901$4,260$3,540
14 years$6,772$5,861$5,057$4,351$3,734$3,051
15 years$6,255$5,354$4,566$3,880$3,288$2,641
16 years$5,804$4,913$4,140$3,474$2,906$2,293
17 years$5,406$4,524$3,767$3,122$2,576$1,997
18 years$5,052$4,181$3,439$2,813$2,291$1,744
19 years$4,736$3,875$3,148$2,542$2,042$1,526
20 years$4,452$3,600$2,889$2,302$1,824$1,337
21 years$4,196$3,354$2,657$2,089$1,632$1,174
22 years$3,963$3,131$2,449$1,900$1,463$1,032
23 years$3,750$2,928$2,261$1,730$1,313$909
24 years$3,556$2,743$2,091$1,578$1,180$801
25 years$3,377$2,574$1,937$1,441$1,062$706
26 years$3,213$2,420$1,797$1,318$957$624
27 years$3,061$2,277$1,668$1,206$863$551
28 years$2,920$2,146$1,551$1,105$778$487
29 years$2,789$2,024$1,443$1,013$703$431
30 years$2,667$1,912$1,344$930$635$381
31 years$2,553$1,807$1,253$854$574$337
32 years$2,446$1,710$1,169$785$519$299
33 years$2,346$1,619$1,092$722$470$265
34 years$2,252$1,535$1,020$664$426$234
35 years$2,164$1,456$954$611$385$208
36 years$2,081$1,382$892$563$349$184
37 years$2,002$1,312$835$519$317$163
38 years$1,928$1,247$782$478$287$145
39 years$1,858$1,186$733$441$260$128
40 years$1,791$1,128$687$407$236$114
41 years$1,728$1,074$644$375$214$101
42 years$1,668$1,023$604$346$194$90
43 years$1,611$975$567$320$176$80
44 years$1,556$929$532$295$160$71
45 years$1,505$886$500$273$145$63
46 years$1,455$845$469$252$132$56
47 years$1,408$806$441$233$120$49
48 years$1,363$770$414$215$109$44
49 years$1,320$735$389$199$99$39
50 years$1,279$702$366$184$90$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,310,000, adding $3,825 every year, while hoping to spend $36,121 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: 57/32/11 Blend
68$1,310,000$1,310,000$1,310,000$1,310,000
69$1,447,565$1,378,135$1,357,830$1,525,945
70$1,556,785$1,407,232$1,364,885$1,608,404
71$1,675,934$1,436,543$1,370,966$1,693,870
72$1,805,987$1,466,042$1,376,001$1,786,134
73$1,948,018$1,495,698$1,379,918$1,885,849
74$2,103,207$1,525,478$1,382,636$1,993,738
75$2,272,855$1,555,348$1,384,075$2,110,597
76$2,458,393$1,585,267$1,384,149$2,237,303
77$2,661,398$1,615,194$1,382,767$2,374,820
78$2,883,606$1,645,083$1,379,835$2,524,214
79$3,126,927$1,674,886$1,375,252$2,686,657
80$3,393,466$1,704,548$1,368,916$2,863,442
81$3,685,542$1,734,013$1,360,717$3,055,993
82$4,005,706$1,763,219$1,350,540$3,265,880
83$4,356,771$1,792,099$1,338,266$3,494,833
84$4,741,833$1,820,583$1,323,769$3,744,759
85$5,164,302$1,848,593$1,306,917$4,017,760
86$5,627,935$1,876,049$1,287,573$4,316,153
87$6,136,870$1,902,861$1,265,593$4,642,492
88$6,695,666$1,928,936$1,240,825$4,999,590
89$7,309,343$1,954,173$1,213,111$5,390,550
90$7,983,432$1,978,464$1,182,287$5,818,791
91$8,724,028$2,001,695$1,148,180$6,288,084
92$9,537,843$2,023,741$1,110,607$6,802,583
93$10,432,271$2,044,473$1,069,381$7,366,867
94$11,415,461$2,063,750$1,024,303$7,985,985
95$12,496,387$2,081,423$975,167$8,665,503
96$13,684,939$2,097,334$921,756$9,411,552
97$14,992,013$2,111,313$863,844$10,230,896
98$16,429,610$2,123,179$801,195$11,130,987
99$18,010,958$2,132,742$733,562$12,120,039
100$19,750,627$2,139,798$660,688$13,207,109