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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.3%
1 years$109,830$108,852$107,897$106,966$106,056$104,171
2 years$54,371$53,359$52,377$51,426$50,503$48,610
3 years$35,888$34,871$33,892$32,949$32,041$30,199
4 years$26,647$25,634$24,664$23,738$22,852$21,076
5 years$21,105$20,097$19,141$18,233$17,372$15,666
6 years$17,411$16,411$15,468$14,581$13,746$12,112
7 years$14,773$13,782$12,854$11,988$11,179$9,618
8 years$12,796$11,813$10,902$10,056$9,274$7,786
9 years$11,259$10,286$9,389$8,566$7,810$6,394
10 years$10,030$9,066$8,186$7,384$6,655$5,309
11 years$9,026$8,071$7,207$6,426$5,723$4,446
12 years$8,189$7,244$6,396$5,637$4,960$3,750
13 years$7,481$6,547$5,714$4,976$4,325$3,181
14 years$6,876$5,951$5,134$4,417$3,791$2,710
15 years$6,351$5,436$4,636$3,939$3,338$2,319
16 years$5,892$4,988$4,203$3,527$2,950$1,990
17 years$5,488$4,593$3,824$3,169$2,616$1,712
18 years$5,129$4,244$3,491$2,856$2,326$1,477
19 years$4,809$3,934$3,196$2,581$2,073$1,276
20 years$4,520$3,655$2,933$2,337$1,852$1,105
21 years$4,260$3,405$2,698$2,121$1,657$958
22 years$4,023$3,178$2,487$1,929$1,485$831
23 years$3,808$2,973$2,296$1,757$1,333$722
24 years$3,610$2,785$2,123$1,602$1,198$628
25 years$3,429$2,614$1,967$1,463$1,078$546
26 years$3,262$2,457$1,824$1,338$971$476
27 years$3,107$2,312$1,694$1,225$876$415
28 years$2,964$2,178$1,574$1,122$790$362
29 years$2,831$2,055$1,465$1,029$714$315
30 years$2,707$1,941$1,365$944$645$275
31 years$2,592$1,835$1,272$867$583$240
32 years$2,483$1,736$1,187$797$527$210
33 years$2,382$1,644$1,108$733$477$183
34 years$2,287$1,558$1,036$674$432$160
35 years$2,197$1,478$968$621$391$140
36 years$2,112$1,403$906$572$355$122
37 years$2,033$1,332$848$527$321$107
38 years$1,957$1,266$794$486$291$93
39 years$1,886$1,204$744$448$264$82
40 years$1,818$1,146$697$413$240$71
41 years$1,754$1,090$654$381$217$62
42 years$1,693$1,038$613$352$197$55
43 years$1,635$989$575$325$179$48
44 years$1,580$943$540$300$163$42
45 years$1,528$899$507$277$148$36
46 years$1,478$858$476$256$134$32
47 years$1,430$819$448$236$122$28
48 years$1,384$782$421$218$110$24
49 years$1,340$746$395$202$100$21
50 years$1,299$713$372$186$91$19

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 $5,840 every year, while hoping to spend $41,268 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: 69/21/10 Blend
68$1,330,000$1,330,000$1,330,000$1,330,000
69$1,471,684$1,401,194$1,380,579$1,569,885
70$1,577,887$1,425,944$1,382,920$1,660,529
71$1,693,539$1,450,523$1,383,955$1,754,106
72$1,819,562$1,474,880$1,383,599$1,855,380
73$1,956,967$1,498,959$1,381,759$1,965,098
74$2,106,869$1,522,699$1,378,340$2,084,085
75$2,270,496$1,546,038$1,373,240$2,213,249
76$2,449,197$1,568,904$1,366,355$2,353,591
77$2,644,460$1,591,225$1,357,572$2,506,214
78$2,857,921$1,612,922$1,346,777$2,672,334
79$3,091,383$1,633,908$1,333,848$2,853,289
80$3,346,829$1,654,095$1,318,657$3,050,556
81$3,626,444$1,673,385$1,301,071$3,265,761
82$3,932,635$1,691,674$1,280,951$3,500,695
83$4,268,051$1,708,853$1,258,150$3,757,335
84$4,635,609$1,724,804$1,232,515$4,037,857
85$5,038,523$1,739,401$1,203,886$4,344,661
86$5,480,332$1,752,511$1,172,095$4,680,391
87$5,964,933$1,763,992$1,136,968$5,047,962
88$6,496,621$1,773,692$1,098,320$5,450,586
89$7,080,123$1,781,449$1,055,961$5,891,803
90$7,720,649$1,787,094$1,009,690$6,375,518
91$8,423,937$1,790,444$959,296$6,906,030
92$9,196,308$1,791,304$904,561$7,488,080
93$10,044,724$1,789,471$845,257$8,126,896
94$10,976,856$1,784,725$781,143$8,828,235
95$12,001,153$1,776,835$711,969$9,598,448
96$13,126,926$1,765,555$637,475$10,444,532
97$14,364,429$1,750,624$557,388$11,374,199
98$15,724,963$1,731,766$471,422$12,395,951
99$17,220,975$1,708,689$379,281$13,519,159
100$18,866,180$1,681,080$280,652$14,754,151