Can I retire at age 69 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$123,869$122,765$121,689$120,638$119,612$115,368
2 years$61,321$60,179$59,072$57,999$56,958$52,728
3 years$40,475$39,328$38,224$37,161$36,137$32,053
4 years$30,053$28,910$27,817$26,772$25,773$21,867
5 years$23,802$22,666$21,587$20,564$19,592$15,874
6 years$19,636$18,508$17,446$16,445$15,503$11,975
7 years$16,662$15,543$14,497$13,520$12,608$9,270
8 years$14,432$13,323$12,295$11,342$10,459$7,309
9 years$12,698$11,600$10,590$9,661$8,808$5,841
10 years$11,312$10,225$9,232$8,328$7,505$4,715
11 years$10,179$9,103$8,128$7,247$6,455$3,837
12 years$9,236$8,170$7,213$6,357$5,593$3,142
13 years$8,438$7,384$6,445$5,612$4,878$2,585
14 years$7,754$6,711$5,791$4,982$4,276$2,136
15 years$7,163$6,131$5,228$4,443$3,765$1,770
16 years$6,646$5,625$4,740$3,978$3,327$1,471
17 years$6,190$5,181$4,313$3,574$2,950$1,225
18 years$5,785$4,787$3,937$3,221$2,623$1,022
19 years$5,423$4,437$3,605$2,911$2,338$854
20 years$5,098$4,123$3,308$2,636$2,088$714
21 years$4,804$3,840$3,043$2,393$1,869$598
22 years$4,537$3,585$2,804$2,175$1,675$501
23 years$4,294$3,353$2,589$1,981$1,504$421
24 years$4,072$3,141$2,395$1,807$1,352$353
25 years$3,867$2,948$2,218$1,650$1,216$296
26 years$3,679$2,770$2,057$1,509$1,096$249
27 years$3,505$2,607$1,910$1,381$988$209
28 years$3,343$2,457$1,776$1,265$891$176
29 years$3,193$2,318$1,652$1,160$805$148
30 years$3,053$2,189$1,539$1,065$727$124
31 years$2,923$2,069$1,435$978$657$104
32 years$2,801$1,958$1,339$899$595$88
33 years$2,686$1,854$1,250$827$538$74
34 years$2,579$1,757$1,168$761$487$62
35 years$2,478$1,667$1,092$700$441$52
36 years$2,382$1,582$1,022$645$400$44
37 years$2,292$1,503$956$594$362$37
38 years$2,207$1,428$895$548$329$31
39 years$2,127$1,358$839$505$298$26
40 years$2,051$1,292$786$466$270$22
41 years$1,978$1,230$737$430$245$19
42 years$1,910$1,171$692$397$222$16
43 years$1,844$1,116$649$366$202$13
44 years$1,782$1,064$609$338$183$11
45 years$1,723$1,014$572$312$166$9
46 years$1,666$968$537$288$151$8
47 years$1,613$923$505$266$137$7
48 years$1,561$882$474$246$125$6
49 years$1,512$842$446$227$113$5
50 years$1,465$804$419$210$103$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,500,000, adding $2,192 every year, while hoping to spend $49,164 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: 59/34/7 Blend
68$1,500,000$1,500,000$1,500,000$1,500,000
69$1,655,261$1,575,761$1,552,511$1,750,366
70$1,771,788$1,600,663$1,552,210$1,839,310
71$1,898,552$1,625,138$1,550,251$1,930,448
72$2,036,547$1,649,112$1,546,527$2,028,585
73$2,186,864$1,672,508$1,540,925$2,134,396
74$2,350,705$1,695,241$1,533,327$2,248,624
75$2,529,392$1,717,224$1,523,609$2,372,087
76$2,724,381$1,738,359$1,511,641$2,505,690
77$2,937,274$1,758,545$1,497,287$2,650,427
78$3,169,836$1,777,673$1,480,405$2,807,397
79$3,424,006$1,795,626$1,460,846$2,977,809
80$3,701,924$1,812,281$1,438,454$3,162,998
81$4,005,942$1,827,505$1,413,064$3,364,436
82$4,338,653$1,841,157$1,384,506$3,583,744
83$4,702,909$1,853,087$1,352,601$3,822,712
84$5,101,853$1,863,136$1,317,161$4,083,314
85$5,538,946$1,871,134$1,277,989$4,367,723
86$6,017,999$1,876,900$1,234,882$4,678,339
87$6,543,209$1,880,241$1,187,625$5,017,807
88$7,119,198$1,880,955$1,135,992$5,389,044
89$7,751,059$1,878,824$1,079,750$5,795,266
90$8,444,398$1,873,619$1,018,653$6,240,020
91$9,205,395$1,865,094$952,446$6,727,218
92$10,040,853$1,852,991$880,861$7,261,170
93$10,958,267$1,837,035$803,617$7,846,634
94$11,965,895$1,816,935$720,423$8,488,852
95$13,072,833$1,792,380$630,974$9,193,607
96$14,289,100$1,763,045$534,949$9,967,273
97$15,625,736$1,728,582$432,018$10,816,881
98$17,094,902$1,688,624$321,831$11,750,182
99$18,709,996$1,642,780$204,027$12,775,722
100$20,485,779$1,590,640$78,225$13,902,924