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

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$113,959$112,944$111,954$110,987$110,043$107,645
2 years$56,415$55,365$54,346$53,359$52,401$49,998
3 years$37,237$36,181$35,166$34,188$33,246$30,911
4 years$27,649$26,597$25,592$24,630$23,711$21,464
5 years$21,898$20,853$19,860$18,918$18,025$15,871
6 years$18,065$17,028$16,050$15,129$14,262$12,204
7 years$15,329$14,300$13,338$12,439$11,599$9,637
8 years$13,277$12,258$11,311$10,434$9,623$7,756
9 years$11,683$10,672$9,742$8,888$8,104$6,331
10 years$10,407$9,407$8,494$7,661$6,905$5,225
11 years$9,365$8,375$7,478$6,668$5,938$4,348
12 years$8,497$7,517$6,636$5,848$5,146$3,644
13 years$7,763$6,793$5,929$5,163$4,487$3,070
14 years$7,134$6,175$5,327$4,583$3,934$2,598
15 years$6,590$5,641$4,810$4,088$3,463$2,207
16 years$6,114$5,175$4,361$3,660$3,061$1,881
17 years$5,695$4,766$3,968$3,288$2,714$1,607
18 years$5,322$4,404$3,622$2,964$2,413$1,376
19 years$4,989$4,082$3,316$2,678$2,151$1,180
20 years$4,690$3,793$3,043$2,425$1,921$1,014
21 years$4,420$3,533$2,799$2,201$1,719$872
22 years$4,174$3,298$2,580$2,001$1,541$751
23 years$3,951$3,084$2,382$1,823$1,383$648
24 years$3,746$2,890$2,203$1,662$1,243$559
25 years$3,558$2,712$2,041$1,518$1,119$482
26 years$3,384$2,549$1,893$1,388$1,008$417
27 years$3,224$2,399$1,757$1,271$909$360
28 years$3,076$2,260$1,634$1,164$820$312
29 years$2,938$2,132$1,520$1,068$740$270
30 years$2,809$2,014$1,416$980$669$233
31 years$2,689$1,904$1,320$900$605$202
32 years$2,577$1,801$1,232$827$547$175
33 years$2,471$1,706$1,150$760$495$151
34 years$2,372$1,617$1,075$700$448$131
35 years$2,279$1,533$1,005$644$406$114
36 years$2,192$1,455$940$593$368$98
37 years$2,109$1,382$880$547$333$85
38 years$2,031$1,314$824$504$302$74
39 years$1,957$1,249$772$464$274$64
40 years$1,887$1,189$723$428$249$56
41 years$1,820$1,131$678$395$226$48
42 years$1,757$1,078$636$365$205$42
43 years$1,697$1,027$597$337$186$36
44 years$1,640$979$560$311$169$31
45 years$1,585$933$526$287$153$27
46 years$1,533$890$494$265$139$24
47 years$1,484$850$464$245$126$20
48 years$1,436$811$436$226$115$18
49 years$1,391$774$410$209$104$15
50 years$1,347$740$386$193$95$13

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 $6,056 every year, while hoping to spend $35,558 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: 36/49/15 Blend
68$1,380,000$1,380,000$1,380,000$1,380,000
69$1,527,007$1,453,867$1,432,477$1,574,755
70$1,644,928$1,487,273$1,442,631$1,643,181
71$1,773,685$1,521,124$1,451,934$1,713,182
72$1,914,347$1,555,405$1,460,320$1,787,986
73$2,068,088$1,590,097$1,467,718$1,868,041
74$2,236,202$1,625,181$1,474,056$1,953,837
75$2,420,115$1,660,635$1,479,257$2,045,918
76$2,621,396$1,696,435$1,483,241$2,144,881
77$2,841,771$1,732,554$1,485,923$2,251,384
78$3,083,145$1,768,962$1,487,214$2,366,153
79$3,347,611$1,805,626$1,487,021$2,489,988
80$3,637,476$1,842,511$1,485,245$2,623,771
81$3,955,284$1,879,579$1,481,786$2,768,475
82$4,303,831$1,916,786$1,476,534$2,925,172
83$4,686,201$1,954,088$1,469,377$3,095,044
84$5,105,789$1,991,434$1,460,197$3,279,393
85$5,566,336$2,028,770$1,448,869$3,479,657
86$6,071,960$2,066,038$1,435,265$3,697,420
87$6,627,201$2,103,175$1,419,247$3,934,430
88$7,237,057$2,140,112$1,400,673$4,192,611
89$7,907,036$2,176,777$1,379,395$4,474,089
90$8,643,204$2,213,089$1,355,255$4,781,206
91$9,452,245$2,248,965$1,328,091$5,116,544
92$10,341,523$2,284,313$1,297,730$5,482,951
93$11,319,149$2,319,036$1,263,995$5,883,568
94$12,394,061$2,353,027$1,226,698$6,321,857
95$13,576,106$2,386,176$1,185,643$6,801,637
96$14,876,131$2,418,361$1,140,624$7,327,118
97$16,306,090$2,449,454$1,091,428$7,902,942
98$17,879,151$2,479,317$1,037,831$8,534,229
99$19,609,824$2,507,804$979,598$9,226,623
100$21,514,096$2,534,756$916,485$9,986,348