Can I retire at age 69 with 1,390,000?

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$114,785$113,762$112,765$111,791$110,841$108,870
2 years$56,824$55,766$54,740$53,746$52,781$50,803
3 years$37,507$36,444$35,421$34,435$33,487$31,562
4 years$27,850$26,790$25,777$24,809$23,883$22,026
5 years$22,057$21,004$20,004$19,056$18,155$16,373
6 years$18,196$17,151$16,166$15,239$14,366$12,659
7 years$15,440$14,403$13,434$12,529$11,683$10,052
8 years$13,374$12,346$11,393$10,510$9,692$8,137
9 years$11,767$10,750$9,813$8,952$8,162$6,682
10 years$10,483$9,475$8,555$7,717$6,955$5,548
11 years$9,433$8,435$7,532$6,716$5,981$4,647
12 years$8,558$7,571$6,684$5,891$5,183$3,919
13 years$7,819$6,842$5,972$5,201$4,520$3,324
14 years$7,186$6,219$5,366$4,617$3,962$2,833
15 years$6,637$5,681$4,845$4,117$3,489$2,423
16 years$6,158$5,213$4,392$3,687$3,083$2,079
17 years$5,736$4,801$3,997$3,312$2,734$1,789
18 years$5,361$4,436$3,649$2,985$2,431$1,543
19 years$5,025$4,111$3,340$2,697$2,167$1,334
20 years$4,724$3,820$3,065$2,443$1,935$1,154
21 years$4,452$3,559$2,820$2,217$1,732$1,001
22 years$4,205$3,322$2,599$2,016$1,552$869
23 years$3,979$3,107$2,399$1,836$1,393$755
24 years$3,773$2,911$2,219$1,674$1,252$656
25 years$3,584$2,732$2,055$1,529$1,127$571
26 years$3,409$2,567$1,906$1,398$1,015$497
27 years$3,248$2,416$1,770$1,280$915$433
28 years$3,098$2,277$1,646$1,173$826$378
29 years$2,959$2,148$1,531$1,075$746$330
30 years$2,829$2,028$1,426$987$674$288
31 years$2,709$1,918$1,330$906$609$251
32 years$2,595$1,814$1,241$833$551$219
33 years$2,489$1,718$1,158$766$499$191
34 years$2,390$1,628$1,082$705$452$167
35 years$2,296$1,545$1,012$649$409$146
36 years$2,208$1,466$947$597$371$128
37 years$2,124$1,392$886$551$336$112
38 years$2,046$1,323$830$507$304$98
39 years$1,971$1,258$777$468$276$85
40 years$1,900$1,197$729$432$250$75
41 years$1,833$1,140$683$398$227$65
42 years$1,770$1,085$641$367$206$57
43 years$1,709$1,034$601$339$187$50
44 years$1,652$986$565$313$170$44
45 years$1,597$940$530$289$154$38
46 years$1,544$897$498$267$140$33
47 years$1,494$856$468$247$127$29
48 years$1,447$817$440$228$115$26
49 years$1,401$780$413$211$105$22
50 years$1,357$745$388$195$95$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,390,000, adding $4,398 every year, while hoping to spend $41,626 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: 37/42/21 Blend
68$1,390,000$1,390,000$1,390,000$1,390,000
69$1,536,317$1,462,647$1,441,102$1,583,304
70$1,648,731$1,490,026$1,445,089$1,645,259
71$1,771,217$1,517,353$1,447,814$1,707,923
72$1,904,757$1,544,579$1,449,192$1,774,762
73$2,050,434$1,571,655$1,449,132$1,846,173
74$2,209,439$1,598,527$1,447,538$1,922,599
75$2,383,082$1,625,136$1,444,312$2,004,527
76$2,572,809$1,651,419$1,439,348$2,092,495
77$2,780,207$1,677,310$1,432,538$2,187,098
78$3,007,026$1,702,737$1,423,766$2,288,993
79$3,255,193$1,727,621$1,412,912$2,398,905
80$3,526,828$1,751,880$1,399,850$2,517,636
81$3,824,268$1,775,426$1,384,449$2,646,069
82$4,150,084$1,798,162$1,366,569$2,785,183
83$4,507,110$1,819,989$1,346,066$2,936,055
84$4,898,464$1,840,798$1,322,788$3,099,878
85$5,327,582$1,860,472$1,296,577$3,277,967
86$5,798,249$1,878,889$1,267,266$3,471,774
87$6,314,633$1,895,917$1,234,681$3,682,905
88$6,881,324$1,911,415$1,198,641$3,913,128
89$7,503,379$1,925,235$1,158,956$4,164,400
90$8,186,370$1,937,217$1,115,427$4,438,878
91$8,936,431$1,947,191$1,067,845$4,738,945
92$9,760,322$1,954,979$1,015,993$5,067,231
93$10,665,490$1,960,388$959,644$5,426,638
94$11,660,138$1,963,215$898,560$5,820,370
95$12,753,303$1,963,244$832,493$6,251,963
96$13,954,942$1,960,245$761,184$6,725,319
97$15,276,023$1,953,974$684,360$7,244,745
98$16,728,632$1,944,173$601,740$7,814,993
99$18,326,082$1,930,567$513,028$8,441,306
100$20,083,042$1,912,865$417,914$9,129,471