Can I retire at age 69 with 1,410,000?

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 $1,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$116,436$115,399$114,387$113,400$112,435$108,274
2 years$57,642$56,568$55,528$54,519$53,541$49,395
3 years$38,046$36,968$35,930$34,931$33,968$29,969
4 years$28,250$27,175$26,148$25,166$24,227$20,404
5 years$22,374$21,306$20,292$19,330$18,417$14,781
6 years$18,458$17,398$16,399$15,458$14,572$11,126
7 years$15,662$14,611$13,628$12,709$11,851$8,593
8 years$13,566$12,524$11,557$10,661$9,832$6,759
9 years$11,937$10,904$9,954$9,081$8,280$5,388
10 years$10,634$9,612$8,678$7,828$7,055$4,339
11 years$9,569$8,557$7,640$6,813$6,067$3,522
12 years$8,681$7,680$6,781$5,976$5,258$2,876
13 years$7,931$6,941$6,058$5,276$4,585$2,360
14 years$7,289$6,309$5,443$4,683$4,019$1,944
15 years$6,733$5,763$4,914$4,176$3,539$1,607
16 years$6,247$5,288$4,456$3,740$3,128$1,332
17 years$5,818$4,870$4,054$3,360$2,773$1,106
18 years$5,438$4,500$3,701$3,028$2,466$920
19 years$5,098$4,170$3,388$2,736$2,198$766
20 years$4,792$3,875$3,110$2,478$1,963$639
21 years$4,516$3,610$2,860$2,249$1,757$533
22 years$4,265$3,370$2,636$2,045$1,575$446
23 years$4,037$3,151$2,434$1,862$1,414$373
24 years$3,827$2,953$2,251$1,698$1,270$312
25 years$3,635$2,771$2,085$1,551$1,143$261
26 years$3,458$2,604$1,934$1,418$1,030$218
27 years$3,294$2,451$1,796$1,298$928$183
28 years$3,143$2,309$1,669$1,189$838$153
29 years$3,002$2,179$1,553$1,091$756$128
30 years$2,870$2,058$1,447$1,001$684$108
31 years$2,747$1,945$1,349$919$618$90
32 years$2,633$1,840$1,259$845$559$76
33 years$2,525$1,743$1,175$777$506$63
34 years$2,424$1,652$1,098$715$458$53
35 years$2,329$1,567$1,026$658$415$45
36 years$2,239$1,487$960$606$376$37
37 years$2,155$1,412$899$558$341$31
38 years$2,075$1,342$842$515$309$26
39 years$1,999$1,276$789$475$280$22
40 years$1,928$1,214$739$438$254$18
41 years$1,860$1,156$693$404$230$16
42 years$1,795$1,101$650$373$209$13
43 years$1,734$1,049$610$344$190$11
44 years$1,675$1,000$573$318$172$9
45 years$1,620$953$538$293$156$8
46 years$1,566$910$505$271$142$6
47 years$1,516$868$474$250$129$5
48 years$1,467$829$446$231$117$5
49 years$1,421$791$419$214$106$4
50 years$1,377$756$394$198$97$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,410,000, adding $4,801 every year, while hoping to spend $56,900 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: 61/25/14 Blend
68$1,410,000$1,410,000$1,410,000$1,410,000
69$1,558,772$1,484,042$1,462,187$1,648,200
70$1,657,226$1,496,219$1,450,629$1,721,088
71$1,763,815$1,507,086$1,436,777$1,793,735
72$1,879,308$1,516,518$1,420,494$1,871,646
73$2,004,553$1,524,383$1,401,636$1,955,333
74$2,140,481$1,530,540$1,380,053$2,045,363
75$2,288,113$1,534,840$1,355,589$2,142,364
76$2,448,578$1,537,124$1,328,078$2,247,026
77$2,623,112$1,537,223$1,297,348$2,360,113
78$2,813,080$1,534,957$1,263,220$2,482,468
79$3,019,980$1,530,136$1,225,504$2,615,023
80$3,245,463$1,522,557$1,184,003$2,758,804
81$3,491,345$1,512,007$1,138,512$2,914,948
82$3,759,624$1,498,258$1,088,814$3,084,706
83$4,052,501$1,481,068$1,034,685$3,269,463
84$4,372,397$1,460,181$975,888$3,470,745
85$4,721,979$1,435,328$912,177$3,690,238
86$5,104,182$1,406,219$843,296$3,929,802
87$5,522,237$1,372,552$768,974$4,191,492
88$5,979,702$1,334,004$688,932$4,477,575
89$6,480,496$1,290,235$602,876$4,790,553
90$7,028,933$1,240,883$510,499$5,133,187
91$7,629,765$1,185,567$411,481$5,508,525
92$8,288,224$1,123,883$305,489$5,919,931
93$9,010,073$1,055,403$192,173$6,371,116
94$9,801,658$979,676$71,169$6,866,177
95$10,669,971$896,224$0$7,409,631
96$11,622,711$804,542$0$8,015,124
97$12,668,359$704,096$0$8,691,408
98$13,816,257$594,322$0$9,433,971
99$15,076,697$474,625$0$10,249,575
100$16,461,013$344,374$0$11,145,675