Can I retire at age 69 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$124,694$123,584$122,500$121,442$120,410$118,172
2 years$61,730$60,580$59,466$58,386$57,338$55,092
3 years$40,744$39,590$38,478$37,408$36,377$34,193
4 years$30,254$29,103$28,002$26,951$25,945$23,839
5 years$23,961$22,817$21,731$20,701$19,723$17,701
6 years$19,767$18,632$17,562$16,554$15,606$13,671
7 years$16,773$15,647$14,594$13,610$12,692$10,844
8 years$14,528$13,412$12,377$11,417$10,529$8,768
9 years$12,783$11,678$10,660$9,725$8,867$7,192
10 years$11,388$10,293$9,294$8,383$7,555$5,964
11 years$10,247$9,164$8,182$7,296$6,498$4,989
12 years$9,297$8,225$7,261$6,399$5,631$4,202
13 years$8,494$7,433$6,488$5,650$4,910$3,559
14 years$7,806$6,756$5,829$5,015$4,304$3,029
15 years$7,211$6,172$5,263$4,473$3,790$2,587
16 years$6,690$5,663$4,772$4,005$3,349$2,217
17 years$6,231$5,215$4,342$3,598$2,970$1,905
18 years$5,823$4,819$3,964$3,243$2,641$1,641
19 years$5,459$4,466$3,629$2,930$2,354$1,416
20 years$5,132$4,150$3,330$2,654$2,102$1,224
21 years$4,836$3,866$3,063$2,408$1,881$1,059
22 years$4,568$3,608$2,823$2,190$1,686$918
23 years$4,323$3,375$2,607$1,994$1,514$796
24 years$4,099$3,162$2,411$1,819$1,361$691
25 years$3,893$2,967$2,233$1,661$1,224$601
26 years$3,703$2,789$2,071$1,519$1,103$522
27 years$3,528$2,625$1,923$1,390$994$454
28 years$3,365$2,473$1,788$1,274$897$396
29 years$3,214$2,333$1,664$1,168$810$344
30 years$3,074$2,204$1,549$1,072$732$300
31 years$2,942$2,083$1,445$985$662$262
32 years$2,819$1,971$1,348$905$599$228
33 years$2,704$1,867$1,258$832$542$199
34 years$2,596$1,769$1,176$766$491$173
35 years$2,494$1,678$1,099$705$444$151
36 years$2,398$1,593$1,028$649$403$132
37 years$2,308$1,513$963$598$365$115
38 years$2,222$1,438$901$551$331$100
39 years$2,141$1,367$844$508$300$88
40 years$2,064$1,301$792$469$272$76
41 years$1,992$1,238$742$433$247$67
42 years$1,922$1,179$696$399$224$58
43 years$1,857$1,123$653$368$203$51
44 years$1,794$1,071$613$340$184$44
45 years$1,734$1,021$576$314$167$39
46 years$1,678$974$541$290$152$34
47 years$1,623$930$508$268$138$30
48 years$1,571$887$477$248$125$26
49 years$1,522$847$449$229$114$23
50 years$1,474$809$422$212$103$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,510,000, adding $2,162 every year, while hoping to spend $47,627 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: 39/42/19 Blend
68$1,510,000$1,510,000$1,510,000$1,510,000
69$1,666,250$1,586,220$1,562,815$1,721,711
70$1,785,533$1,613,270$1,564,495$1,788,754
71$1,915,386$1,640,049$1,564,634$1,856,495
72$2,056,838$1,666,494$1,563,132$1,928,754
73$2,211,020$1,692,536$1,559,881$2,005,967
74$2,379,176$1,718,103$1,554,769$2,088,614
75$2,562,677$1,743,115$1,547,679$2,177,227
76$2,763,031$1,767,489$1,538,487$2,272,393
77$2,981,898$1,791,134$1,527,065$2,374,761
78$3,221,107$1,813,955$1,513,276$2,485,047
79$3,482,669$1,835,848$1,496,980$2,604,044
80$3,768,800$1,856,703$1,478,028$2,732,625
81$4,081,940$1,876,404$1,456,265$2,871,758
82$4,424,775$1,894,825$1,431,527$3,022,509
83$4,800,264$1,911,832$1,403,644$3,186,059
84$5,211,663$1,927,285$1,372,438$3,363,710
85$5,662,560$1,941,030$1,337,723$3,556,900
86$6,156,908$1,952,906$1,299,303$3,767,219
87$6,699,057$1,962,743$1,256,974$3,996,420
88$7,293,800$1,970,357$1,210,523$4,246,443
89$7,946,418$1,975,555$1,159,725$4,519,427
90$8,662,726$1,978,130$1,104,349$4,817,734
91$9,449,129$1,977,863$1,044,149$5,143,973
92$10,312,683$1,974,521$978,871$5,501,025
93$11,261,161$1,967,858$908,248$5,892,069
94$12,303,127$1,957,610$832,002$6,320,616
95$13,448,013$1,943,500$749,841$6,790,539
96$14,706,211$1,925,233$661,462$7,306,116
97$16,089,171$1,902,495$566,547$7,872,067
98$17,609,504$1,874,955$464,764$8,493,602
99$19,281,108$1,842,262$355,768$9,176,470
100$21,119,291$1,804,043$239,196$9,927,017