Can I retire at age 69 with 1,350,000?

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$111,482$110,489$109,520$108,574$107,651$105,650
2 years$55,189$54,161$53,165$52,199$51,262$49,254
3 years$36,427$35,395$34,401$33,445$32,523$30,570
4 years$27,048$26,019$25,035$24,095$23,196$21,313
5 years$21,422$20,399$19,428$18,507$17,633$15,826
6 years$17,673$16,657$15,701$14,800$13,952$12,222
7 years$14,996$13,989$13,048$12,168$11,347$9,695
8 years$12,989$11,991$11,065$10,208$9,413$7,839
9 years$11,429$10,440$9,531$8,695$7,927$6,430
10 years$10,181$9,203$8,309$7,495$6,755$5,332
11 years$9,161$8,193$7,315$6,523$5,809$4,460
12 years$8,312$7,353$6,492$5,721$5,034$3,757
13 years$7,594$6,645$5,800$5,051$4,390$3,182
14 years$6,979$6,040$5,211$4,484$3,848$2,708
15 years$6,446$5,518$4,705$3,999$3,388$2,313
16 years$5,981$5,063$4,266$3,580$2,994$1,982
17 years$5,571$4,662$3,882$3,217$2,655$1,703
18 years$5,206$4,308$3,544$2,899$2,361$1,467
19 years$4,881$3,993$3,244$2,620$2,104$1,266
20 years$4,588$3,710$2,977$2,373$1,880$1,094
21 years$4,324$3,456$2,738$2,153$1,682$947
22 years$4,084$3,226$2,524$1,958$1,508$821
23 years$3,865$3,017$2,330$1,783$1,353$712
24 years$3,665$2,827$2,155$1,626$1,216$618
25 years$3,481$2,653$1,996$1,485$1,095$537
26 years$3,311$2,493$1,851$1,358$986$467
27 years$3,154$2,347$1,719$1,243$889$406
28 years$3,009$2,211$1,598$1,139$802$354
29 years$2,874$2,086$1,487$1,044$724$308
30 years$2,748$1,970$1,385$958$654$268
31 years$2,631$1,862$1,291$880$592$234
32 years$2,521$1,762$1,205$809$535$204
33 years$2,418$1,669$1,125$744$484$178
34 years$2,321$1,582$1,051$684$439$155
35 years$2,230$1,500$983$630$397$135
36 years$2,144$1,424$919$580$360$118
37 years$2,063$1,352$861$535$326$103
38 years$1,987$1,285$806$493$296$90
39 years$1,914$1,222$755$454$268$78
40 years$1,846$1,163$708$419$243$68
41 years$1,781$1,107$664$387$221$60
42 years$1,719$1,054$622$357$200$52
43 years$1,660$1,004$584$329$182$45
44 years$1,604$957$548$304$165$40
45 years$1,551$913$515$281$150$35
46 years$1,500$871$484$259$136$30
47 years$1,451$831$454$240$123$26
48 years$1,405$793$427$222$112$23
49 years$1,361$758$401$205$102$20
50 years$1,318$724$377$189$92$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,350,000, adding $2,847 every year, while hoping to spend $54,159 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: 73/20/7 Blend
68$1,350,000$1,350,000$1,350,000$1,350,000
69$1,490,637$1,419,087$1,398,162$1,597,778
70$1,585,057$1,430,997$1,387,375$1,680,698
71$1,687,293$1,441,676$1,374,412$1,764,403
72$1,798,084$1,451,006$1,359,143$1,854,545
73$1,918,245$1,458,862$1,341,431$1,951,744
74$2,048,670$1,465,110$1,321,133$2,056,681
75$2,190,344$1,469,610$1,298,100$2,170,107
76$2,344,349$1,472,210$1,272,176$2,292,851
77$2,511,876$1,472,752$1,243,197$2,425,826
78$2,694,235$1,471,064$1,210,992$2,570,039
79$2,892,868$1,466,968$1,175,382$2,726,597
80$3,109,363$1,460,271$1,136,179$2,896,725
81$3,345,464$1,450,771$1,093,188$3,081,770
82$3,603,095$1,438,253$1,046,203$3,283,220
83$3,884,371$1,422,487$995,011$3,502,712
84$4,191,620$1,403,232$939,387$3,742,053
85$4,527,407$1,380,232$879,098$4,003,235
86$4,894,553$1,353,214$813,898$4,288,455
87$5,296,167$1,321,891$743,533$4,600,133
88$5,735,670$1,285,958$667,736$4,940,940
89$6,216,830$1,245,091$586,227$5,313,818
90$6,743,796$1,198,950$498,715$5,722,013
91$7,321,138$1,147,173$404,896$6,169,104
92$7,953,887$1,089,378$304,453$6,659,034
93$8,647,585$1,025,159$197,054$7,196,155
94$9,408,336$954,089$82,352$7,785,261
95$10,242,862$875,715$0$8,431,640
96$11,158,569$789,560$0$9,144,112
97$12,163,612$695,118$0$9,932,874
98$13,266,976$591,854$0$10,798,881
99$14,478,558$479,205$0$11,749,978
100$15,809,258$356,574$0$12,794,809