Can I retire at age 69 with 1,320,000?

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 $1,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$109,004$108,033$107,086$106,161$105,259$101,848
2 years$53,963$52,958$51,984$51,039$50,123$46,719
3 years$35,618$34,608$33,637$32,701$31,800$28,510
4 years$26,447$25,441$24,479$23,559$22,680$19,528
5 years$20,946$19,946$18,997$18,096$17,241$14,236
6 years$17,280$16,287$15,352$14,471$13,642$10,787
7 years$14,662$13,678$12,758$11,898$11,095$8,388
8 years$12,700$11,725$10,820$9,981$9,204$6,645
9 years$11,175$10,208$9,319$8,501$7,751$5,336
10 years$9,955$8,998$8,124$7,328$6,604$4,330
11 years$8,958$8,011$7,153$6,378$5,680$3,542
12 years$8,127$7,190$6,348$5,594$4,922$2,916
13 years$7,425$6,498$5,671$4,939$4,292$2,412
14 years$6,824$5,906$5,096$4,384$3,763$2,004
15 years$6,303$5,395$4,601$3,910$3,313$1,671
16 years$5,848$4,950$4,171$3,501$2,928$1,396
17 years$5,447$4,559$3,796$3,146$2,596$1,170
18 years$5,091$4,213$3,465$2,835$2,308$982
19 years$4,772$3,904$3,172$2,561$2,057$825
20 years$4,486$3,628$2,911$2,320$1,838$695
21 years$4,228$3,379$2,678$2,105$1,645$585
22 years$3,993$3,154$2,468$1,914$1,474$494
23 years$3,779$2,950$2,279$1,743$1,323$417
24 years$3,583$2,764$2,107$1,590$1,189$352
25 years$3,403$2,594$1,952$1,452$1,070$297
26 years$3,237$2,438$1,810$1,328$964$251
27 years$3,084$2,294$1,681$1,215$869$213
28 years$2,942$2,162$1,563$1,114$784$180
29 years$2,810$2,040$1,454$1,021$708$152
30 years$2,687$1,926$1,355$937$640$129
31 years$2,572$1,821$1,263$861$579$109
32 years$2,465$1,723$1,178$791$523$92
33 years$2,364$1,632$1,100$727$474$78
34 years$2,269$1,546$1,028$669$429$66
35 years$2,180$1,467$961$616$388$56
36 years$2,096$1,392$899$567$352$47
37 years$2,017$1,322$841$523$319$40
38 years$1,943$1,257$788$482$289$34
39 years$1,872$1,195$738$444$262$29
40 years$1,805$1,137$692$410$238$24
41 years$1,741$1,082$649$378$216$21
42 years$1,681$1,031$609$349$196$18
43 years$1,623$982$571$322$178$15
44 years$1,568$936$536$297$161$13
45 years$1,516$893$503$275$146$11
46 years$1,466$852$473$254$133$9
47 years$1,419$813$444$234$121$8
48 years$1,374$776$417$217$110$7
49 years$1,330$741$392$200$100$6
50 years$1,289$708$369$185$90$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,320,000, adding $6,857 every year, while hoping to spend $39,669 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: 61/33/6 Blend
68$1,320,000$1,320,000$1,320,000$1,320,000
69$1,461,713$1,391,753$1,371,293$1,548,841
70$1,568,600$1,417,741$1,375,024$1,633,883
71$1,685,060$1,443,674$1,377,550$1,721,410
72$1,812,028$1,469,505$1,378,790$1,815,890
73$1,950,532$1,495,188$1,378,656$1,917,991
74$2,101,704$1,520,670$1,377,059$2,028,451
75$2,266,790$1,545,895$1,373,903$2,148,083
76$2,447,163$1,570,804$1,369,088$2,277,782
77$2,644,332$1,595,332$1,362,512$2,418,535
78$2,859,961$1,619,410$1,354,062$2,571,429
79$3,095,879$1,642,964$1,343,626$2,737,661
80$3,354,104$1,665,914$1,331,083$2,918,553
81$3,636,855$1,688,176$1,316,306$3,115,560
82$3,946,576$1,709,659$1,299,165$3,330,285
83$4,285,960$1,730,265$1,279,520$3,564,496
84$4,657,971$1,749,892$1,257,227$3,820,141
85$5,065,875$1,768,427$1,232,135$4,099,368
86$5,513,269$1,785,754$1,204,085$4,404,543
87$6,004,112$1,801,746$1,172,912$4,738,276
88$6,542,769$1,816,269$1,138,442$5,103,443
89$7,134,045$1,829,180$1,100,494$5,503,214
90$7,783,235$1,840,327$1,058,878$5,941,083
91$8,496,170$1,849,548$1,013,395$6,420,903
92$9,279,274$1,856,671$963,839$6,946,919
93$10,139,625$1,861,512$909,992$7,523,812
94$11,085,018$1,863,878$851,628$8,156,742
95$12,124,042$1,863,560$788,510$8,851,396
96$13,266,160$1,860,340$720,390$9,614,044
97$14,521,796$1,853,985$647,011$10,451,597
98$15,902,435$1,844,246$568,102$11,371,673
99$17,420,732$1,830,862$483,382$12,382,670
100$19,090,626$1,813,554$392,554$13,493,845