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%15.2%
1 years$110,656$109,670$108,709$107,770$106,853$104,568
2 years$54,780$53,760$52,771$51,813$50,883$48,591
3 years$36,157$35,133$34,146$33,197$32,282$30,056
4 years$26,848$25,826$24,850$23,916$23,024$20,880
5 years$21,263$20,248$19,285$18,370$17,502$15,448
6 years$17,542$16,534$15,585$14,691$13,849$11,885
7 years$14,885$13,885$12,951$12,078$11,263$9,391
8 years$12,893$11,902$10,983$10,132$9,344$7,562
9 years$11,344$10,363$9,460$8,630$7,869$6,177
10 years$10,106$9,135$8,248$7,439$6,705$5,100
11 years$9,093$8,132$7,261$6,474$5,766$4,247
12 years$8,250$7,299$6,444$5,679$4,997$3,561
13 years$7,538$6,596$5,757$5,014$4,357$3,003
14 years$6,927$5,996$5,173$4,451$3,820$2,543
15 years$6,399$5,477$4,670$3,969$3,363$2,162
16 years$5,937$5,025$4,234$3,554$2,972$1,844
17 years$5,529$4,628$3,853$3,193$2,635$1,576
18 years$5,168$4,276$3,517$2,878$2,343$1,351
19 years$4,845$3,963$3,220$2,600$2,089$1,159
20 years$4,554$3,683$2,955$2,355$1,866$997
21 years$4,292$3,430$2,718$2,137$1,670$858
22 years$4,053$3,202$2,505$1,943$1,496$740
23 years$3,836$2,995$2,313$1,770$1,343$638
24 years$3,637$2,806$2,139$1,614$1,207$551
25 years$3,455$2,633$1,981$1,474$1,086$476
26 years$3,286$2,475$1,838$1,348$979$412
27 years$3,131$2,329$1,706$1,234$882$356
28 years$2,987$2,195$1,586$1,130$796$308
29 years$2,853$2,071$1,476$1,037$719$267
30 years$2,728$1,955$1,375$951$650$231
31 years$2,611$1,849$1,282$874$587$200
32 years$2,502$1,749$1,196$803$531$174
33 years$2,400$1,656$1,117$738$481$150
34 years$2,304$1,570$1,043$679$435$130
35 years$2,213$1,489$976$625$394$113
36 years$2,128$1,413$913$576$357$98
37 years$2,048$1,342$854$531$324$85
38 years$1,972$1,276$800$489$294$74
39 years$1,900$1,213$749$451$266$64
40 years$1,832$1,154$702$416$241$56
41 years$1,767$1,099$659$384$219$48
42 years$1,706$1,046$618$354$199$42
43 years$1,648$997$580$327$180$36
44 years$1,592$950$544$302$164$31
45 years$1,539$906$511$279$149$27
46 years$1,489$864$480$258$135$24
47 years$1,441$825$451$238$123$21
48 years$1,394$788$424$220$111$18
49 years$1,350$752$398$203$101$16
50 years$1,308$718$374$188$92$13

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 $2,332 every year, while hoping to spend $40,235 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: 51/23/26 Blend
68$1,340,000$1,340,000$1,340,000$1,340,000
69$1,479,085$1,408,065$1,387,295$1,543,607
70$1,587,142$1,434,251$1,390,960$1,614,895
71$1,704,873$1,460,371$1,393,399$1,688,116
72$1,833,221$1,486,380$1,394,529$1,766,929
73$1,973,225$1,512,229$1,394,261$1,851,882
74$2,126,030$1,537,864$1,392,505$1,943,581
75$2,292,894$1,563,228$1,389,163$2,042,694
76$2,475,204$1,588,261$1,384,135$2,149,958
77$2,674,485$1,612,896$1,377,314$2,266,186
78$2,892,418$1,637,063$1,368,589$2,392,275
79$3,130,851$1,660,686$1,357,843$2,529,215
80$3,391,822$1,683,684$1,344,955$2,678,100
81$3,677,573$1,705,969$1,329,796$2,840,134
82$3,990,574$1,727,450$1,312,232$3,016,646
83$4,333,544$1,748,027$1,292,124$3,209,104
84$4,709,479$1,767,594$1,269,324$3,419,127
85$5,121,678$1,786,038$1,243,678$3,648,500
86$5,573,774$1,803,238$1,215,026$3,899,192
87$6,069,768$1,819,067$1,183,199$4,173,377
88$6,614,069$1,833,386$1,148,021$4,473,452
89$7,211,533$1,846,050$1,109,308$4,802,061
90$7,867,507$1,856,904$1,066,868$5,162,121
91$8,587,882$1,865,782$1,020,498$5,556,849
92$9,379,150$1,872,509$969,988$5,989,794
93$10,248,459$1,876,898$915,118$6,464,869
94$11,203,685$1,878,749$855,658$6,986,393
95$12,253,506$1,877,853$791,367$7,559,126
96$13,407,480$1,873,984$721,995$8,188,319
97$14,676,139$1,866,906$647,278$8,879,763
98$16,071,087$1,856,365$566,943$9,639,846
99$17,605,105$1,842,095$480,703$10,475,610
100$19,292,278$1,823,810$388,259$11,394,821