Can I retire at age 69 with 1,370,000?

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$113,133$112,126$111,142$110,183$109,246$108,603
2 years$56,007$54,964$53,953$52,972$52,022$51,373
3 years$36,967$35,919$34,911$33,940$33,005$32,370
4 years$27,449$26,404$25,406$24,452$23,539$22,924
5 years$21,740$20,701$19,716$18,781$17,894$17,300
6 years$17,935$16,904$15,934$15,020$14,159$13,587
7 years$15,218$14,196$13,241$12,348$11,515$10,965
8 years$13,181$12,169$11,229$10,359$9,553$9,025
9 years$11,598$10,595$9,672$8,823$8,045$7,539
10 years$10,332$9,339$8,432$7,606$6,855$6,371
11 years$9,297$8,314$7,424$6,619$5,895$5,433
12 years$8,435$7,462$6,588$5,806$5,109$4,667
13 years$7,706$6,744$5,886$5,126$4,455$4,034
14 years$7,082$6,130$5,289$4,550$3,905$3,504
15 years$6,542$5,600$4,775$4,058$3,438$3,057
16 years$6,070$5,138$4,329$3,633$3,039$2,677
17 years$5,653$4,732$3,939$3,265$2,694$2,351
18 years$5,284$4,372$3,596$2,942$2,396$2,070
19 years$4,953$4,052$3,292$2,658$2,135$1,827
20 years$4,656$3,765$3,021$2,408$1,907$1,615
21 years$4,388$3,507$2,779$2,185$1,707$1,431
22 years$4,144$3,274$2,561$1,987$1,530$1,270
23 years$3,922$3,062$2,365$1,809$1,373$1,128
24 years$3,719$2,869$2,187$1,650$1,234$1,003
25 years$3,532$2,692$2,026$1,507$1,111$893
26 years$3,360$2,530$1,879$1,378$1,001$796
27 years$3,201$2,381$1,745$1,261$902$710
28 years$3,053$2,244$1,622$1,156$814$633
29 years$2,916$2,117$1,509$1,060$735$566
30 years$2,789$1,999$1,406$973$664$505
31 years$2,670$1,890$1,311$893$600$452
32 years$2,558$1,788$1,223$821$543$404
33 years$2,453$1,693$1,142$755$492$361
34 years$2,355$1,605$1,067$695$445$323
35 years$2,263$1,522$997$639$403$290
36 years$2,176$1,445$933$589$365$259
37 years$2,094$1,372$873$543$331$232
38 years$2,016$1,304$818$500$300$208
39 years$1,943$1,240$766$461$272$187
40 years$1,873$1,180$718$425$247$167
41 years$1,807$1,123$673$392$224$150
42 years$1,744$1,070$632$362$203$134
43 years$1,685$1,019$593$334$184$120
44 years$1,628$972$556$309$167$108
45 years$1,574$926$522$285$152$97
46 years$1,522$884$491$263$138$87
47 years$1,473$843$461$243$125$78
48 years$1,426$805$433$225$114$70
49 years$1,381$769$407$208$103$63
50 years$1,338$734$383$192$94$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,370,000, adding $2,547 every year, while hoping to spend $45,935 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: 55/23/22 Blend
68$1,370,000$1,370,000$1,370,000$1,370,000
69$1,512,367$1,439,757$1,418,522$1,586,349
70$1,617,754$1,461,431$1,417,168$1,658,995
71$1,732,351$1,482,627$1,414,229$1,733,013
72$1,857,049$1,503,274$1,409,604$1,812,640
73$1,992,828$1,523,294$1,403,186$1,898,429
74$2,140,766$1,542,605$1,394,862$1,990,988
75$2,302,052$1,561,120$1,384,518$2,090,989
76$2,477,991$1,578,745$1,372,029$2,199,172
77$2,670,021$1,595,378$1,357,267$2,316,357
78$2,879,725$1,610,914$1,340,097$2,443,446
79$3,108,846$1,625,238$1,320,380$2,581,437
80$3,359,302$1,638,229$1,297,966$2,731,428
81$3,633,206$1,649,757$1,272,703$2,894,635
82$3,932,882$1,659,684$1,244,427$3,072,397
83$4,260,891$1,667,864$1,212,971$3,266,192
84$4,620,054$1,674,140$1,178,157$3,477,651
85$5,013,474$1,678,348$1,139,800$3,708,575
86$5,444,571$1,680,310$1,097,707$3,960,949
87$5,917,112$1,679,840$1,051,674$4,236,965
88$6,435,244$1,676,738$1,001,492$4,539,041
89$7,003,534$1,670,794$946,937$4,869,845
90$7,627,015$1,661,783$887,780$5,232,319
91$8,311,228$1,649,468$823,778$5,629,711
92$9,062,278$1,633,597$754,679$6,065,603
93$9,886,889$1,613,902$680,220$6,543,946
94$10,792,469$1,590,100$600,124$7,069,099
95$11,787,177$1,561,891$514,105$7,645,869
96$12,880,003$1,528,957$421,860$8,279,561
97$14,080,848$1,490,961$323,078$8,976,023
98$15,400,623$1,447,546$217,429$9,741,709
99$16,851,345$1,398,336$104,572$10,583,733
100$18,446,258$1,342,929$0$11,509,944