Can I retire at age 69 with 1,400,000?

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 $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$115,611$114,581$113,576$112,596$111,638$110,289
2 years$57,233$56,167$55,134$54,132$53,161$51,803
3 years$37,776$36,706$35,675$34,683$33,727$32,403
4 years$28,050$26,983$25,963$24,987$24,055$22,774
5 years$22,216$21,155$20,148$19,193$18,286$17,053
6 years$18,327$17,274$16,283$15,349$14,469$13,285
7 years$15,551$14,507$13,531$12,619$11,767$10,633
8 years$13,470$12,435$11,475$10,586$9,762$8,677
9 years$11,852$10,827$9,884$9,017$8,221$7,185
10 years$10,558$9,544$8,617$7,772$7,005$6,017
11 years$9,501$8,496$7,586$6,764$6,024$5,084
12 years$8,620$7,626$6,732$5,933$5,221$4,326
13 years$7,875$6,891$6,015$5,238$4,552$3,703
14 years$7,237$6,264$5,405$4,650$3,991$3,185
15 years$6,685$5,722$4,880$4,147$3,514$2,751
16 years$6,203$5,250$4,424$3,713$3,105$2,384
17 years$5,777$4,835$4,026$3,336$2,753$2,072
18 years$5,399$4,468$3,675$3,007$2,448$1,805
19 years$5,062$4,141$3,364$2,717$2,182$1,576
20 years$4,758$3,848$3,088$2,460$1,949$1,378
21 years$4,484$3,584$2,840$2,233$1,744$1,208
22 years$4,235$3,346$2,617$2,030$1,563$1,059
23 years$4,008$3,129$2,417$1,849$1,403$930
24 years$3,800$2,932$2,235$1,686$1,261$818
25 years$3,609$2,751$2,070$1,540$1,135$720
26 years$3,434$2,586$1,920$1,408$1,022$634
27 years$3,271$2,434$1,783$1,289$922$559
28 years$3,120$2,293$1,657$1,181$832$493
29 years$2,980$2,163$1,542$1,083$751$435
30 years$2,850$2,043$1,437$994$679$384
31 years$2,728$1,931$1,339$913$614$339
32 years$2,614$1,827$1,250$839$555$299
33 years$2,507$1,731$1,167$771$502$264
34 years$2,407$1,640$1,090$710$455$234
35 years$2,312$1,556$1,019$653$412$207
36 years$2,224$1,477$953$602$373$183
37 years$2,140$1,402$892$554$338$162
38 years$2,060$1,333$836$511$307$143
39 years$1,985$1,267$783$471$278$126
40 years$1,914$1,206$734$435$252$112
41 years$1,847$1,148$688$401$229$99
42 years$1,782$1,093$646$370$208$88
43 years$1,721$1,042$606$342$188$78
44 years$1,663$993$569$315$171$69
45 years$1,608$947$534$291$155$61
46 years$1,555$903$501$269$141$54
47 years$1,505$862$471$249$128$48
48 years$1,457$823$443$230$116$42
49 years$1,411$786$416$212$106$37
50 years$1,367$751$391$196$96$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,400,000, adding $6,660 every year, while hoping to spend $38,973 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: 43/28/29 Blend
68$1,400,000$1,400,000$1,400,000$1,400,000
69$1,549,670$1,475,470$1,453,770$1,602,956
70$1,666,269$1,506,301$1,461,004$1,672,684
71$1,793,455$1,537,336$1,467,175$1,744,006
72$1,932,267$1,568,545$1,472,204$1,820,548
73$2,083,848$1,599,894$1,476,013$1,902,819
74$2,249,457$1,631,345$1,478,515$1,991,379
75$2,430,479$1,662,858$1,479,623$2,086,845
76$2,628,440$1,694,390$1,479,242$2,189,901
77$2,845,019$1,725,894$1,477,276$2,301,299
78$3,082,067$1,757,318$1,473,620$2,421,870
79$3,341,620$1,788,609$1,468,168$2,552,531
80$3,625,920$1,819,705$1,460,807$2,694,293
81$3,937,437$1,850,545$1,451,418$2,848,273
82$4,278,892$1,881,058$1,439,877$3,015,702
83$4,653,281$1,911,171$1,426,054$3,197,939
84$5,063,902$1,940,805$1,409,813$3,396,484
85$5,514,390$1,969,875$1,391,012$3,612,991
86$6,008,748$1,998,289$1,369,501$3,849,286
87$6,551,385$2,025,949$1,345,124$4,107,383
88$7,147,158$2,052,752$1,317,717$4,389,503
89$7,801,417$2,078,586$1,287,110$4,698,098
90$8,520,055$2,103,331$1,253,122$5,035,872
91$9,309,566$2,126,860$1,215,567$5,405,808
92$10,177,102$2,149,036$1,174,249$5,811,197
93$11,130,542$2,169,715$1,128,962$6,255,669
94$12,178,568$2,188,741$1,079,492$6,743,227
95$13,330,742$2,205,949$1,025,616$7,278,289
96$14,597,602$2,221,165$967,098$7,865,724
97$15,990,756$2,234,201$903,694$8,510,907
98$17,522,995$2,244,858$835,149$9,219,763
99$19,208,408$2,252,924$761,195$9,998,826
100$21,062,523$2,258,174$681,552$10,855,305