Can I retire at age 69 with 1,330,000?

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 $1,330,000?

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$109,830$108,852$107,897$106,966$106,056$104,905
2 years$54,371$53,359$52,377$51,426$50,503$49,344
3 years$35,888$34,871$33,892$32,949$32,041$30,910
4 years$26,647$25,634$24,664$23,738$22,852$21,758
5 years$21,105$20,097$19,141$18,233$17,372$16,317
6 years$17,411$16,411$15,468$14,581$13,746$12,733
7 years$14,773$13,782$12,854$11,988$11,179$10,208
8 years$12,796$11,813$10,902$10,056$9,274$8,344
9 years$11,259$10,286$9,389$8,566$7,810$6,922
10 years$10,030$9,066$8,186$7,384$6,655$5,807
11 years$9,026$8,071$7,207$6,426$5,723$4,915
12 years$8,189$7,244$6,396$5,637$4,960$4,191
13 years$7,481$6,547$5,714$4,976$4,325$3,594
14 years$6,876$5,951$5,134$4,417$3,791$3,098
15 years$6,351$5,436$4,636$3,939$3,338$2,681
16 years$5,892$4,988$4,203$3,527$2,950$2,328
17 years$5,488$4,593$3,824$3,169$2,616$2,028
18 years$5,129$4,244$3,491$2,856$2,326$1,770
19 years$4,809$3,934$3,196$2,581$2,073$1,549
20 years$4,520$3,655$2,933$2,337$1,852$1,358
21 years$4,260$3,405$2,698$2,121$1,657$1,192
22 years$4,023$3,178$2,487$1,929$1,485$1,048
23 years$3,808$2,973$2,296$1,757$1,333$923
24 years$3,610$2,785$2,123$1,602$1,198$813
25 years$3,429$2,614$1,967$1,463$1,078$717
26 years$3,262$2,457$1,824$1,338$971$633
27 years$3,107$2,312$1,694$1,225$876$559
28 years$2,964$2,178$1,574$1,122$790$494
29 years$2,831$2,055$1,465$1,029$714$437
30 years$2,707$1,941$1,365$944$645$387
31 years$2,592$1,835$1,272$867$583$342
32 years$2,483$1,736$1,187$797$527$303
33 years$2,382$1,644$1,108$733$477$269
34 years$2,287$1,558$1,036$674$432$238
35 years$2,197$1,478$968$621$391$211
36 years$2,112$1,403$906$572$355$187
37 years$2,033$1,332$848$527$321$166
38 years$1,957$1,266$794$486$291$147
39 years$1,886$1,204$744$448$264$130
40 years$1,818$1,146$697$413$240$116
41 years$1,754$1,090$654$381$217$103
42 years$1,693$1,038$613$352$197$91
43 years$1,635$989$575$325$179$81
44 years$1,580$943$540$300$163$72
45 years$1,528$899$507$277$148$64
46 years$1,478$858$476$256$134$57
47 years$1,430$819$448$236$122$50
48 years$1,384$782$421$218$110$45
49 years$1,340$746$395$202$100$40
50 years$1,299$713$372$186$91$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,330,000, adding $4,617 every year, while hoping to spend $37,825 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: 84/9/7 Blend
68$1,330,000$1,330,000$1,330,000$1,330,000
69$1,470,422$1,399,932$1,379,317$1,592,655
70$1,580,160$1,428,284$1,385,279$1,701,505
71$1,699,823$1,456,756$1,390,173$1,815,434
72$1,830,384$1,485,316$1,393,923$1,939,380
73$1,972,914$1,513,927$1,396,449$2,074,325
74$2,128,590$1,542,548$1,397,669$2,221,351
75$2,298,709$1,571,137$1,397,495$2,381,646
76$2,484,701$1,599,646$1,395,834$2,556,523
77$2,688,137$1,628,025$1,392,591$2,747,426
78$2,910,748$1,656,220$1,387,664$2,955,943
79$3,154,441$1,684,171$1,380,947$3,183,828
80$3,421,315$1,711,816$1,372,329$3,433,009
81$3,713,680$1,739,086$1,361,694$3,705,611
82$4,034,085$1,765,910$1,348,920$4,003,976
83$4,385,331$1,792,209$1,333,878$4,330,682
84$4,770,506$1,817,900$1,316,435$4,688,570
85$5,193,013$1,842,892$1,296,451$5,080,771
86$5,656,597$1,867,090$1,273,778$5,510,732
87$6,165,384$1,890,392$1,248,264$5,982,253
88$6,723,919$1,912,687$1,219,747$6,499,518
89$7,337,210$1,933,859$1,188,059$7,067,140
90$8,010,771$1,953,784$1,153,025$7,690,200
91$8,750,677$1,972,328$1,114,459$8,374,295
92$9,563,623$1,989,348$1,072,170$9,125,595
93$10,456,981$2,004,695$1,025,956$9,950,896
94$11,438,875$2,018,206$975,607$10,857,688
95$12,518,253$2,029,711$920,903$11,854,221
96$13,704,974$2,039,027$861,613$12,949,591
97$15,009,902$2,045,960$797,498$14,153,815
98$16,445,004$2,050,304$728,306$15,477,935
99$18,023,465$2,051,839$653,775$16,934,117
100$19,759,813$2,050,334$573,630$18,535,768