Can I retire at age 69 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$127,172$126,039$124,934$123,855$122,802$119,014
2 years$62,956$61,784$60,647$59,546$58,477$54,694
3 years$41,554$40,376$39,243$38,152$37,100$33,440
4 years$30,855$29,681$28,559$27,486$26,460$22,952
5 years$24,437$23,270$22,163$21,112$20,115$16,767
6 years$20,160$19,002$17,911$16,883$15,916$12,733
7 years$17,106$15,958$14,884$13,881$12,944$9,924
8 years$14,817$13,679$12,623$11,644$10,738$7,880
9 years$13,037$11,910$10,872$9,918$9,043$6,344
10 years$11,614$10,498$9,478$8,550$7,705$5,160
11 years$10,451$9,346$8,345$7,441$6,627$4,232
12 years$9,482$8,388$7,406$6,527$5,743$3,493
13 years$8,663$7,580$6,617$5,762$5,008$2,898
14 years$7,961$6,890$5,945$5,115$4,390$2,414
15 years$7,354$6,295$5,368$4,562$3,865$2,018
16 years$6,823$5,775$4,866$4,084$3,416$1,692
17 years$6,355$5,319$4,428$3,670$3,029$1,421
18 years$5,939$4,915$4,042$3,307$2,693$1,196
19 years$5,568$4,555$3,701$2,988$2,400$1,009
20 years$5,234$4,233$3,396$2,707$2,144$852
21 years$4,932$3,943$3,124$2,456$1,919$720
22 years$4,658$3,680$2,879$2,233$1,720$609
23 years$4,409$3,442$2,658$2,034$1,544$516
24 years$4,180$3,225$2,459$1,855$1,388$437
25 years$3,970$3,026$2,277$1,694$1,249$370
26 years$3,777$2,844$2,112$1,549$1,125$314
27 years$3,598$2,677$1,961$1,418$1,014$266
28 years$3,432$2,522$1,823$1,299$915$226
29 years$3,278$2,380$1,697$1,191$826$192
30 years$3,135$2,247$1,580$1,093$747$163
31 years$3,001$2,124$1,473$1,004$675$138
32 years$2,875$2,010$1,375$923$611$118
33 years$2,758$1,904$1,283$849$553$100
34 years$2,648$1,804$1,199$781$500$85
35 years$2,544$1,711$1,121$719$453$72
36 years$2,446$1,624$1,049$662$411$61
37 years$2,354$1,543$982$610$372$52
38 years$2,266$1,466$919$562$337$44
39 years$2,184$1,394$861$518$306$38
40 years$2,105$1,326$807$478$277$32
41 years$2,031$1,263$757$441$252$27
42 years$1,961$1,202$710$407$228$23
43 years$1,894$1,146$666$376$207$20
44 years$1,830$1,092$625$347$188$17
45 years$1,769$1,041$587$320$171$14
46 years$1,711$993$552$296$155$12
47 years$1,656$948$518$273$141$10
48 years$1,603$905$487$253$128$9
49 years$1,552$864$458$234$116$7
50 years$1,504$826$430$216$106$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,540,000, adding $5,781 every year, while hoping to spend $53,098 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: 53/25/22 Blend
68$1,540,000$1,540,000$1,540,000$1,540,000
69$1,703,043$1,621,423$1,597,553$1,782,694
70$1,820,258$1,644,377$1,594,575$1,861,099
71$1,947,648$1,666,676$1,589,718$1,940,377
72$2,086,197$1,688,232$1,582,862$2,025,528
73$2,236,985$1,708,951$1,573,884$2,117,128
74$2,401,200$1,728,731$1,562,651$2,215,817
75$2,580,149$1,747,467$1,549,027$2,322,298
76$2,775,274$1,765,042$1,532,869$2,437,351
77$2,988,158$1,781,335$1,514,026$2,561,835
78$3,220,545$1,796,215$1,492,341$2,696,697
79$3,474,354$1,809,543$1,467,648$2,842,986
80$3,751,699$1,821,172$1,439,775$3,001,858
81$4,054,907$1,830,944$1,408,542$3,174,590
82$4,386,539$1,838,692$1,373,760$3,362,590
83$4,749,416$1,844,237$1,335,230$3,567,416
84$5,146,642$1,847,391$1,292,747$3,790,784
85$5,581,639$1,847,952$1,246,093$4,034,590
86$6,058,171$1,845,707$1,195,042$4,300,926
87$6,580,386$1,840,428$1,139,358$4,592,101
88$7,152,852$1,831,876$1,078,793$4,910,664
89$7,780,600$1,819,795$1,013,089$5,259,429
90$8,469,170$1,803,914$941,977$5,641,497
91$9,224,665$1,783,945$865,172$6,060,296
92$10,053,807$1,759,585$782,382$6,519,603
93$10,964,001$1,730,510$693,297$7,023,591
94$11,963,403$1,696,378$597,596$7,576,858
95$13,060,997$1,656,828$494,943$8,184,483
96$14,266,682$1,611,476$384,987$8,852,066
97$15,591,361$1,559,916$267,361$9,585,785
98$17,047,046$1,501,718$141,684$10,392,458
99$18,646,970$1,436,427$7,555$11,279,602
100$20,405,711$1,363,562$0$12,255,513