Can I retire at age 69 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$122,217$121,128$120,066$119,030$118,017$115,493
2 years$60,503$59,377$58,285$57,226$56,199$53,668
3 years$39,935$38,803$37,714$36,665$35,655$33,196
4 years$29,653$28,525$27,446$26,415$25,429$23,062
5 years$23,485$22,364$21,299$20,289$19,331$17,062
6 years$19,375$18,262$17,213$16,226$15,296$13,127
7 years$16,440$15,336$14,304$13,340$12,440$10,372
8 years$14,239$13,146$12,131$11,191$10,320$8,352
9 years$12,529$11,446$10,448$9,532$8,691$6,822
10 years$11,162$10,089$9,109$8,217$7,405$5,633
11 years$10,044$8,982$8,020$7,151$6,369$4,691
12 years$9,112$8,061$7,117$6,272$5,519$3,933
13 years$8,325$7,285$6,359$5,537$4,813$3,316
14 years$7,651$6,622$5,713$4,916$4,219$2,809
15 years$7,067$6,049$5,158$4,384$3,714$2,388
16 years$6,557$5,550$4,677$3,925$3,283$2,036
17 years$6,107$5,111$4,256$3,527$2,911$1,741
18 years$5,708$4,723$3,885$3,178$2,588$1,492
19 years$5,351$4,377$3,556$2,872$2,307$1,280
20 years$5,030$4,068$3,264$2,601$2,061$1,101
21 years$4,740$3,789$3,002$2,361$1,844$948
22 years$4,477$3,537$2,767$2,146$1,653$817
23 years$4,237$3,308$2,555$1,955$1,484$705
24 years$4,017$3,099$2,363$1,783$1,334$609
25 years$3,816$2,909$2,188$1,628$1,200$526
26 years$3,630$2,734$2,030$1,489$1,081$455
27 years$3,458$2,573$1,885$1,363$975$393
28 years$3,299$2,424$1,752$1,248$879$340
29 years$3,151$2,287$1,630$1,145$794$295
30 years$3,013$2,160$1,519$1,051$717$255
31 years$2,884$2,042$1,416$965$649$221
32 years$2,763$1,932$1,321$887$587$192
33 years$2,650$1,829$1,233$816$531$166
34 years$2,544$1,734$1,152$750$481$144
35 years$2,445$1,645$1,077$691$435$125
36 years$2,351$1,561$1,008$636$395$108
37 years$2,262$1,483$943$586$358$94
38 years$2,178$1,409$883$540$324$82
39 years$2,099$1,340$828$498$294$71
40 years$2,023$1,275$776$459$267$61
41 years$1,952$1,213$727$424$242$53
42 years$1,884$1,156$682$391$220$46
43 years$1,820$1,101$640$361$199$40
44 years$1,758$1,050$601$333$181$35
45 years$1,700$1,001$564$308$164$30
46 years$1,644$955$530$284$149$26
47 years$1,591$911$498$263$135$23
48 years$1,540$870$468$243$123$20
49 years$1,492$831$440$224$112$17
50 years$1,445$793$414$207$101$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,480,000, adding $3,127 every year, while hoping to spend $47,411 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: 61/28/11 Blend
68$1,480,000$1,480,000$1,480,000$1,480,000
69$1,634,186$1,555,746$1,532,806$1,729,486
70$1,750,427$1,581,532$1,533,710$1,819,576
71$1,876,937$1,606,993$1,533,055$1,912,149
72$2,014,712$1,632,063$1,530,739$2,011,995
73$2,164,849$1,656,670$1,526,655$2,119,818
74$2,328,555$1,680,739$1,520,690$2,236,395
75$2,507,162$1,704,189$1,512,727$2,362,583
76$2,702,130$1,726,932$1,502,641$2,499,326
77$2,915,071$1,748,876$1,490,304$2,647,665
78$3,147,758$1,769,920$1,475,578$2,808,746
79$3,402,142$1,789,959$1,458,323$2,983,834
80$3,680,373$1,808,880$1,438,390$3,174,325
81$3,984,817$1,826,561$1,415,621$3,381,756
82$4,318,079$1,842,873$1,389,855$3,607,821
83$4,683,028$1,857,678$1,360,920$3,854,390
84$5,082,824$1,870,832$1,328,638$4,123,523
85$5,520,946$1,882,176$1,292,822$4,417,493
86$6,001,226$1,891,547$1,253,275$4,738,805
87$6,527,885$1,898,766$1,209,793$5,090,221
88$7,105,571$1,903,648$1,162,163$5,474,786
89$7,739,403$1,905,991$1,110,160$5,895,859
90$8,435,023$1,905,585$1,053,551$6,357,141
91$9,198,640$1,902,204$992,090$6,862,715
92$10,037,099$1,895,609$925,523$7,417,082
93$10,957,937$1,885,548$853,582$8,025,204
94$11,969,458$1,871,751$775,988$8,692,553
95$13,080,809$1,853,933$692,449$9,425,161
96$14,302,067$1,831,792$602,662$10,229,680
97$15,644,335$1,805,006$506,308$11,113,441
98$17,119,843$1,773,237$403,055$12,084,529
99$18,742,066$1,736,125$292,557$13,151,859
100$20,525,849$1,693,288$174,450$14,325,256