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

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$124,694$123,584$122,500$121,442$120,410$119,902
2 years$61,730$60,580$59,466$58,386$57,338$56,826
3 years$40,744$39,590$38,478$37,408$36,377$35,876
4 years$30,254$29,103$28,002$26,951$25,945$25,458
5 years$23,961$22,817$21,731$20,701$19,723$19,253
6 years$19,767$18,632$17,562$16,554$15,606$15,153
7 years$16,773$15,647$14,594$13,610$12,692$12,256
8 years$14,528$13,412$12,377$11,417$10,529$10,110
9 years$12,783$11,678$10,660$9,725$8,867$8,465
10 years$11,388$10,293$9,294$8,383$7,555$7,170
11 years$10,247$9,164$8,182$7,296$6,498$6,130
12 years$9,297$8,225$7,261$6,399$5,631$5,279
13 years$8,494$7,433$6,488$5,650$4,910$4,574
14 years$7,806$6,756$5,829$5,015$4,304$3,984
15 years$7,211$6,172$5,263$4,473$3,790$3,485
16 years$6,690$5,663$4,772$4,005$3,349$3,060
17 years$6,231$5,215$4,342$3,598$2,970$2,694
18 years$5,823$4,819$3,964$3,243$2,641$2,379
19 years$5,459$4,466$3,629$2,930$2,354$2,106
20 years$5,132$4,150$3,330$2,654$2,102$1,868
21 years$4,836$3,866$3,063$2,408$1,881$1,659
22 years$4,568$3,608$2,823$2,190$1,686$1,476
23 years$4,323$3,375$2,607$1,994$1,514$1,315
24 years$4,099$3,162$2,411$1,819$1,361$1,174
25 years$3,893$2,967$2,233$1,661$1,224$1,048
26 years$3,703$2,789$2,071$1,519$1,103$937
27 years$3,528$2,625$1,923$1,390$994$838
28 years$3,365$2,473$1,788$1,274$897$750
29 years$3,214$2,333$1,664$1,168$810$672
30 years$3,074$2,204$1,549$1,072$732$602
31 years$2,942$2,083$1,445$985$662$540
32 years$2,819$1,971$1,348$905$599$485
33 years$2,704$1,867$1,258$832$542$435
34 years$2,596$1,769$1,176$766$491$391
35 years$2,494$1,678$1,099$705$444$351
36 years$2,398$1,593$1,028$649$403$315
37 years$2,308$1,513$963$598$365$283
38 years$2,222$1,438$901$551$331$255
39 years$2,141$1,367$844$508$300$229
40 years$2,064$1,301$792$469$272$206
41 years$1,992$1,238$742$433$247$185
42 years$1,922$1,179$696$399$224$167
43 years$1,857$1,123$653$368$203$150
44 years$1,794$1,071$613$340$184$135
45 years$1,734$1,021$576$314$167$122
46 years$1,678$974$541$290$152$109
47 years$1,623$930$508$268$138$98
48 years$1,571$887$477$248$125$89
49 years$1,522$847$449$229$114$80
50 years$1,474$809$422$212$103$72

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 $2,780 every year, while hoping to spend $36,288 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: 65/19/16 Blend
68$1,510,000$1,510,000$1,510,000$1,510,000
69$1,666,888$1,586,858$1,563,453$1,768,568
70$1,798,300$1,626,003$1,577,218$1,876,136
71$1,941,900$1,665,851$1,590,229$1,989,189
72$2,098,893$1,706,397$1,602,420$2,111,842
73$2,270,605$1,747,636$1,613,726$2,245,033
74$2,458,497$1,789,560$1,624,076$2,389,795
75$2,664,177$1,832,162$1,633,396$2,547,267
76$2,889,417$1,875,431$1,641,608$2,718,703
77$3,136,165$1,919,355$1,648,630$2,905,484
78$3,406,571$1,963,921$1,654,377$3,109,130
79$3,703,000$2,009,111$1,658,757$3,331,320
80$4,028,056$2,054,908$1,661,675$3,573,898
81$4,384,610$2,101,291$1,663,034$3,838,901
82$4,775,822$2,148,235$1,662,727$4,128,570
83$5,205,172$2,195,716$1,660,645$4,445,376
84$5,676,497$2,243,702$1,656,673$4,792,040
85$6,194,018$2,292,163$1,650,691$5,171,563
86$6,762,391$2,341,061$1,642,571$5,587,248
87$7,386,739$2,390,358$1,632,182$6,042,738
88$8,072,711$2,440,010$1,619,385$6,542,046
89$8,826,526$2,489,969$1,604,033$7,089,595
90$9,655,038$2,540,184$1,585,974$7,690,258
91$10,565,797$2,590,598$1,565,049$8,349,405
92$11,567,121$2,641,149$1,541,091$9,072,956
93$12,668,173$2,691,772$1,513,923$9,867,431
94$13,879,050$2,742,392$1,483,363$10,740,020
95$15,210,877$2,792,933$1,449,220$11,698,642
96$16,675,909$2,843,310$1,411,291$12,752,027
97$18,287,651$2,893,431$1,369,368$13,909,795
98$20,060,980$2,943,198$1,323,231$15,182,549
99$22,012,291$2,992,505$1,272,650$16,581,970
100$24,159,646$3,041,239$1,217,385$18,120,937