Can I retire at age 69 with 1,340,000?

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 $1,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$110,656$109,670$108,709$107,770$106,853$103,975
2 years$54,780$53,760$52,771$51,813$50,883$48,003
3 years$36,157$35,133$34,146$33,197$32,282$29,492
4 years$26,848$25,826$24,850$23,916$23,024$20,344
5 years$21,263$20,248$19,285$18,370$17,502$14,941
6 years$17,542$16,534$15,585$14,691$13,849$11,408
7 years$14,885$13,885$12,951$12,078$11,263$8,942
8 years$12,893$11,902$10,983$10,132$9,344$7,142
9 years$11,344$10,363$9,460$8,630$7,869$5,785
10 years$10,106$9,135$8,248$7,439$6,705$4,735
11 years$9,093$8,132$7,261$6,474$5,766$3,908
12 years$8,250$7,299$6,444$5,679$4,997$3,247
13 years$7,538$6,596$5,757$5,014$4,357$2,712
14 years$6,927$5,996$5,173$4,451$3,820$2,275
15 years$6,399$5,477$4,670$3,969$3,363$1,915
16 years$5,937$5,025$4,234$3,554$2,972$1,617
17 years$5,529$4,628$3,853$3,193$2,635$1,369
18 years$5,168$4,276$3,517$2,878$2,343$1,161
19 years$4,845$3,963$3,220$2,600$2,089$986
20 years$4,554$3,683$2,955$2,355$1,866$839
21 years$4,292$3,430$2,718$2,137$1,670$714
22 years$4,053$3,202$2,505$1,943$1,496$609
23 years$3,836$2,995$2,313$1,770$1,343$520
24 years$3,637$2,806$2,139$1,614$1,207$444
25 years$3,455$2,633$1,981$1,474$1,086$379
26 years$3,286$2,475$1,838$1,348$979$324
27 years$3,131$2,329$1,706$1,234$882$277
28 years$2,987$2,195$1,586$1,130$796$237
29 years$2,853$2,071$1,476$1,037$719$203
30 years$2,728$1,955$1,375$951$650$174
31 years$2,611$1,849$1,282$874$587$149
32 years$2,502$1,749$1,196$803$531$128
33 years$2,400$1,656$1,117$738$481$109
34 years$2,304$1,570$1,043$679$435$94
35 years$2,213$1,489$976$625$394$80
36 years$2,128$1,413$913$576$357$69
37 years$2,048$1,342$854$531$324$59
38 years$1,972$1,276$800$489$294$51
39 years$1,900$1,213$749$451$266$43
40 years$1,832$1,154$702$416$241$37
41 years$1,767$1,099$659$384$219$32
42 years$1,706$1,046$618$354$199$27
43 years$1,648$997$580$327$180$23
44 years$1,592$950$544$302$164$20
45 years$1,539$906$511$279$149$17
46 years$1,489$864$480$258$135$15
47 years$1,441$825$451$238$123$13
48 years$1,394$788$424$220$111$11
49 years$1,350$752$398$203$101$9
50 years$1,308$718$374$188$92$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,340,000, adding $5,781 every year, while hoping to spend $23,970 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: 71/15/14 Blend
68$1,340,000$1,340,000$1,340,000$1,340,000
69$1,482,643$1,411,623$1,390,853$1,582,907
70$1,608,369$1,455,289$1,411,943$1,693,858
71$1,746,115$1,500,291$1,432,936$1,811,820
72$1,897,083$1,546,669$1,453,803$1,940,327
73$2,062,595$1,594,465$1,474,515$2,080,416
74$2,244,107$1,643,721$1,495,038$2,233,229
75$2,443,224$1,694,482$1,515,340$2,400,024
76$2,661,713$1,746,791$1,535,384$2,582,184
77$2,901,520$1,800,696$1,555,132$2,781,235
78$3,164,789$1,856,245$1,574,543$2,998,855
79$3,453,882$1,913,485$1,593,575$3,236,895
80$3,771,400$1,972,468$1,612,182$3,497,391
81$4,120,210$2,033,246$1,630,317$3,782,586
82$4,503,468$2,095,872$1,647,929$4,094,953
83$4,924,653$2,160,401$1,664,966$4,437,214
84$5,387,597$2,226,890$1,681,372$4,812,368
85$5,896,521$2,295,397$1,697,087$5,223,718
86$6,456,076$2,365,981$1,712,049$5,674,904
87$7,071,385$2,438,704$1,726,192$6,169,936
88$7,748,096$2,513,629$1,739,449$6,713,230
89$8,492,427$2,590,822$1,751,745$7,309,653
90$9,311,231$2,670,349$1,763,006$7,964,567
91$10,212,059$2,752,279$1,773,149$8,683,879
92$11,203,231$2,836,683$1,782,092$9,474,097
93$12,293,914$2,923,633$1,789,744$10,342,392
94$13,494,206$3,013,204$1,796,014$11,296,664
95$14,815,237$3,105,473$1,800,803$12,345,619
96$16,269,269$3,200,519$1,804,007$13,498,849
97$17,869,812$3,298,422$1,805,519$14,766,922
98$19,631,755$3,399,267$1,805,227$16,161,484
99$21,571,502$3,503,139$1,803,009$17,695,366
100$23,707,128$3,610,126$1,798,743$19,382,706