Can I retire at age 69 with 1,380,000?

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$113,959$112,944$111,954$110,987$110,043$106,992
2 years$56,415$55,365$54,346$53,359$52,401$49,351
3 years$37,237$36,181$35,166$34,188$33,246$30,290
4 years$27,649$26,597$25,592$24,630$23,711$20,874
5 years$21,898$20,853$19,860$18,918$18,025$15,314
6 years$18,065$17,028$16,050$15,129$14,262$11,680
7 years$15,329$14,300$13,338$12,439$11,599$9,145
8 years$13,277$12,258$11,311$10,434$9,623$7,296
9 years$11,683$10,672$9,742$8,888$8,104$5,902
10 years$10,407$9,407$8,494$7,661$6,905$4,825
11 years$9,365$8,375$7,478$6,668$5,938$3,977
12 years$8,497$7,517$6,636$5,848$5,146$3,300
13 years$7,763$6,793$5,929$5,163$4,487$2,753
14 years$7,134$6,175$5,327$4,583$3,934$2,306
15 years$6,590$5,641$4,810$4,088$3,463$1,939
16 years$6,114$5,175$4,361$3,660$3,061$1,634
17 years$5,695$4,766$3,968$3,288$2,714$1,381
18 years$5,322$4,404$3,622$2,964$2,413$1,170
19 years$4,989$4,082$3,316$2,678$2,151$992
20 years$4,690$3,793$3,043$2,425$1,921$843
21 years$4,420$3,533$2,799$2,201$1,719$717
22 years$4,174$3,298$2,580$2,001$1,541$610
23 years$3,951$3,084$2,382$1,823$1,383$520
24 years$3,746$2,890$2,203$1,662$1,243$443
25 years$3,558$2,712$2,041$1,518$1,119$378
26 years$3,384$2,549$1,893$1,388$1,008$323
27 years$3,224$2,399$1,757$1,271$909$276
28 years$3,076$2,260$1,634$1,164$820$235
29 years$2,938$2,132$1,520$1,068$740$201
30 years$2,809$2,014$1,416$980$669$172
31 years$2,689$1,904$1,320$900$605$147
32 years$2,577$1,801$1,232$827$547$126
33 years$2,471$1,706$1,150$760$495$108
34 years$2,372$1,617$1,075$700$448$92
35 years$2,279$1,533$1,005$644$406$79
36 years$2,192$1,455$940$593$368$67
37 years$2,109$1,382$880$547$333$58
38 years$2,031$1,314$824$504$302$49
39 years$1,957$1,249$772$464$274$42
40 years$1,887$1,189$723$428$249$36
41 years$1,820$1,131$678$395$226$31
42 years$1,757$1,078$636$365$205$26
43 years$1,697$1,027$597$337$186$23
44 years$1,640$979$560$311$169$19
45 years$1,585$933$526$287$153$17
46 years$1,533$890$494$265$139$14
47 years$1,484$850$464$245$126$12
48 years$1,436$811$436$226$115$10
49 years$1,391$774$410$209$104$9
50 years$1,347$740$386$193$95$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,380,000, adding $4,857 every year, while hoping to spend $48,238 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: 75/19/6 Blend
68$1,380,000$1,380,000$1,380,000$1,380,000
69$1,525,770$1,452,630$1,431,240$1,638,884
70$1,630,074$1,472,484$1,427,862$1,733,786
71$1,743,400$1,491,694$1,422,753$1,831,104
72$1,866,617$1,510,178$1,415,806$1,936,343
73$2,000,683$1,527,847$1,406,907$2,050,269
74$2,146,648$1,544,608$1,395,934$2,173,725
75$2,305,672$1,560,360$1,382,764$2,307,642
76$2,479,029$1,574,995$1,367,264$2,453,043
77$2,668,121$1,588,401$1,349,298$2,611,056
78$2,874,491$1,600,454$1,328,722$2,782,924
79$3,099,839$1,611,026$1,305,384$2,970,016
80$3,346,035$1,619,979$1,279,127$3,173,841
81$3,615,138$1,627,166$1,249,785$3,396,061
82$3,909,416$1,632,431$1,217,187$3,638,510
83$4,231,365$1,635,608$1,181,151$3,903,205
84$4,583,733$1,636,522$1,141,488$4,192,372
85$4,969,546$1,634,984$1,098,001$4,508,463
86$5,392,139$1,630,797$1,050,482$4,854,181
87$5,855,180$1,623,749$998,717$5,232,502
88$6,362,712$1,613,616$942,477$5,646,711
89$6,919,187$1,600,162$881,529$6,100,425
90$7,529,508$1,583,134$815,624$6,597,631
91$8,199,076$1,562,265$744,505$7,142,723
92$8,933,838$1,537,273$667,903$7,740,545
93$9,740,348$1,507,857$585,536$8,396,436
94$10,625,822$1,473,701$497,110$9,116,279
95$11,598,211$1,434,468$402,319$9,906,560
96$12,666,274$1,389,802$300,841$10,774,427
97$13,839,658$1,339,326$192,343$11,727,759
98$15,128,992$1,282,642$76,476$12,775,239
99$16,545,985$1,219,328$0$13,926,438
100$18,103,537$1,148,936$0$15,194,927