Can I retire at age 69 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$128,823$127,676$126,556$125,464$124,397$122,690
2 years$63,774$62,586$61,435$60,319$59,236$57,520
3 years$42,094$40,901$39,753$38,647$37,582$35,909
4 years$31,256$30,066$28,930$27,843$26,804$25,187
5 years$24,754$23,572$22,451$21,386$20,376$18,820
6 years$20,422$19,249$18,143$17,103$16,123$14,630
7 years$17,328$16,165$15,077$14,061$13,112$11,683
8 years$15,009$13,856$12,787$11,795$10,878$9,512
9 years$13,206$12,064$11,013$10,047$9,161$7,858
10 years$11,765$10,634$9,602$8,661$7,805$6,564
11 years$10,586$9,467$8,453$7,537$6,713$5,533
12 years$9,605$8,497$7,502$6,611$5,817$4,696
13 years$8,775$7,679$6,702$5,837$5,073$4,009
14 years$8,065$6,980$6,022$5,181$4,447$3,440
15 years$7,449$6,376$5,437$4,621$3,915$2,963
16 years$6,911$5,850$4,930$4,137$3,460$2,560
17 years$6,437$5,388$4,486$3,717$3,068$2,219
18 years$6,016$4,979$4,095$3,350$2,728$1,928
19 years$5,640$4,614$3,749$3,027$2,432$1,678
20 years$5,302$4,288$3,440$2,742$2,172$1,463
21 years$4,996$3,994$3,164$2,488$1,944$1,278
22 years$4,719$3,728$2,917$2,262$1,742$1,118
23 years$4,466$3,487$2,693$2,060$1,564$979
24 years$4,235$3,267$2,491$1,879$1,406$858
25 years$4,022$3,066$2,307$1,716$1,265$752
26 years$3,826$2,881$2,139$1,569$1,139$661
27 years$3,645$2,712$1,987$1,436$1,027$580
28 years$3,477$2,555$1,847$1,316$927$510
29 years$3,321$2,411$1,719$1,207$837$449
30 years$3,175$2,276$1,601$1,108$756$395
31 years$3,040$2,152$1,492$1,017$684$347
32 years$2,913$2,036$1,392$935$618$306
33 years$2,794$1,928$1,300$860$560$269
34 years$2,682$1,828$1,215$791$507$237
35 years$2,577$1,733$1,136$728$459$209
36 years$2,478$1,645$1,062$671$416$184
37 years$2,384$1,563$994$618$377$162
38 years$2,296$1,485$931$569$342$143
39 years$2,212$1,412$872$525$310$126
40 years$2,133$1,344$818$484$281$111
41 years$2,058$1,279$767$447$255$98
42 years$1,986$1,218$719$412$231$87
43 years$1,918$1,161$675$381$210$76
44 years$1,854$1,106$634$351$191$67
45 years$1,792$1,055$595$325$173$59
46 years$1,733$1,006$559$300$157$52
47 years$1,677$960$525$277$143$46
48 years$1,623$917$493$256$130$41
49 years$1,572$875$464$237$118$36
50 years$1,523$836$436$219$107$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,560,000, adding $5,304 every year, while hoping to spend $22,175 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: 35/47/18 Blend
68$1,560,000$1,560,000$1,560,000$1,560,000
69$1,724,591$1,641,911$1,617,731$1,775,278
70$1,876,905$1,698,771$1,648,331$1,869,634
71$2,044,012$1,757,673$1,679,213$1,968,921
72$2,227,398$1,818,695$1,710,363$2,075,583
73$2,428,698$1,881,917$1,741,765$2,190,288
74$2,649,715$1,947,420$1,773,404$2,313,768
75$2,892,434$2,015,292$1,805,261$2,446,828
76$3,159,043$2,085,622$1,837,318$2,590,354
77$3,451,950$2,158,503$1,869,553$2,745,315
78$3,773,811$2,234,031$1,901,945$2,912,780
79$4,127,549$2,312,308$1,934,470$3,093,922
80$4,516,386$2,393,438$1,967,101$3,290,030
81$4,943,870$2,477,530$1,999,812$3,502,521
82$5,413,913$2,564,697$2,032,574$3,732,955
83$5,930,822$2,655,056$2,065,355$3,983,045
84$6,499,343$2,748,731$2,098,122$4,254,676
85$7,124,706$2,845,849$2,130,839$4,549,921
86$7,812,673$2,946,543$2,163,469$4,871,061
87$8,569,591$3,050,949$2,195,971$5,220,606
88$9,402,456$3,159,212$2,228,302$5,601,315
89$10,318,974$3,271,481$2,260,418$6,016,227
90$11,327,638$3,387,912$2,292,270$6,468,684
91$12,437,803$3,508,666$2,323,808$6,962,367
92$13,659,779$3,633,911$2,354,976$7,501,323
93$15,004,927$3,763,823$2,385,718$8,090,011
94$16,485,763$3,898,584$2,415,973$8,733,337
95$18,116,080$4,038,383$2,445,677$9,436,703
96$19,911,075$4,183,419$2,474,762$10,206,055
97$21,887,496$4,333,898$2,503,157$11,047,941
98$24,063,794$4,490,032$2,530,787$11,969,569
99$26,460,303$4,652,046$2,557,570$12,978,878
100$29,099,430$4,820,172$2,583,424$14,084,608