Can I retire at age 69 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$125,520$124,402$123,311$122,247$121,207$120,292
2 years$62,139$60,981$59,860$58,772$57,718$56,795
3 years$41,014$39,852$38,733$37,656$36,618$35,717
4 years$30,454$29,295$28,188$27,129$26,117$25,243
5 years$24,120$22,968$21,875$20,838$19,853$19,011
6 years$19,898$18,755$17,678$16,664$15,709$14,898
7 years$16,884$15,751$14,691$13,700$12,776$11,997
8 years$14,624$13,501$12,459$11,493$10,599$9,852
9 years$12,868$11,755$10,731$9,789$8,926$8,210
10 years$11,463$10,362$9,355$8,439$7,605$6,921
11 years$10,315$9,224$8,236$7,344$6,541$5,888
12 years$9,359$8,279$7,310$6,442$5,668$5,045
13 years$8,550$7,482$6,531$5,687$4,943$4,350
14 years$7,858$6,801$5,868$5,048$4,333$3,769
15 years$7,258$6,213$5,298$4,502$3,815$3,279
16 years$6,734$5,700$4,803$4,031$3,372$2,863
17 years$6,272$5,250$4,371$3,622$2,989$2,508
18 years$5,862$4,851$3,990$3,264$2,658$2,202
19 years$5,495$4,496$3,653$2,950$2,369$1,938
20 years$5,166$4,178$3,352$2,671$2,116$1,709
21 years$4,868$3,891$3,083$2,424$1,894$1,509
22 years$4,598$3,632$2,842$2,204$1,698$1,335
23 years$4,352$3,397$2,624$2,008$1,524$1,182
24 years$4,126$3,183$2,427$1,831$1,370$1,048
25 years$3,919$2,987$2,248$1,672$1,232$930
26 years$3,728$2,807$2,084$1,529$1,110$826
27 years$3,551$2,642$1,936$1,399$1,001$735
28 years$3,388$2,490$1,799$1,282$903$654
29 years$3,236$2,349$1,675$1,176$815$582
30 years$3,094$2,218$1,560$1,079$737$518
31 years$2,962$2,097$1,454$991$666$462
32 years$2,838$1,984$1,357$911$603$412
33 years$2,722$1,879$1,267$838$545$367
34 years$2,613$1,781$1,184$771$494$327
35 years$2,511$1,689$1,107$709$447$292
36 years$2,414$1,603$1,035$653$405$261
37 years$2,323$1,523$969$602$367$233
38 years$2,237$1,447$907$555$333$208
39 years$2,155$1,376$850$512$302$186
40 years$2,078$1,309$797$472$274$166
41 years$2,005$1,246$747$435$248$148
42 years$1,935$1,187$701$402$225$132
43 years$1,869$1,131$658$371$205$118
44 years$1,806$1,078$617$342$186$106
45 years$1,746$1,028$580$316$169$94
46 years$1,689$981$544$292$153$84
47 years$1,634$936$511$270$139$75
48 years$1,582$893$481$249$126$67
49 years$1,532$853$452$231$115$60
50 years$1,484$815$425$213$104$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,520,000, adding $2,054 every year, while hoping to spend $52,510 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: 29/47/24 Blend
68$1,520,000$1,520,000$1,520,000$1,520,000
69$1,677,159$1,596,599$1,573,039$1,713,205
70$1,792,359$1,618,962$1,569,865$1,763,777
71$1,917,549$1,640,661$1,564,826$1,813,340
72$2,053,694$1,661,608$1,557,802$1,865,544
73$2,201,852$1,681,708$1,548,670$1,920,652
74$2,363,192$1,700,863$1,537,301$1,978,953
75$2,538,995$1,718,963$1,523,559$2,040,773
76$2,730,676$1,735,895$1,507,301$2,106,470
77$2,939,788$1,751,537$1,488,379$2,176,445
78$3,168,043$1,765,759$1,466,636$2,251,142
79$3,417,324$1,778,422$1,441,909$2,331,055
80$3,689,706$1,789,379$1,414,027$2,416,730
81$3,987,470$1,798,473$1,382,812$2,508,776
82$4,313,131$1,805,538$1,348,075$2,607,868
83$4,669,456$1,810,395$1,309,621$2,714,753
84$5,059,493$1,812,856$1,267,246$2,830,264
85$5,486,596$1,812,721$1,220,733$2,955,319
86$5,954,461$1,809,777$1,169,861$3,090,939
87$6,467,158$1,803,798$1,114,393$3,238,256
88$7,029,169$1,794,544$1,054,085$3,398,523
89$7,645,429$1,781,761$988,682$3,573,129
90$8,321,375$1,765,180$917,915$3,763,612
91$9,062,994$1,744,513$841,504$3,971,675
92$9,876,884$1,719,458$759,159$4,199,205
93$10,770,308$1,689,694$670,573$4,448,289
94$11,751,270$1,654,880$575,428$4,721,238
95$12,828,586$1,614,655$473,390$5,020,610
96$14,011,966$1,568,637$364,113$5,349,233
97$15,312,109$1,516,423$247,234$5,710,238
98$16,740,801$1,457,585$122,373$6,107,087
99$18,311,025$1,391,669$0$6,543,607
100$20,037,087$1,318,198$0$7,026,817