Can I retire at age 69 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$129,649$128,494$127,368$126,268$125,194$121,138
2 years$64,183$62,987$61,829$60,706$59,616$55,568
3 years$42,363$41,163$40,007$38,895$37,823$33,909
4 years$31,456$30,259$29,115$28,021$26,976$23,227
5 years$24,913$23,724$22,595$21,523$20,506$16,932
6 years$20,553$19,372$18,260$17,212$16,226$12,830
7 years$17,439$16,269$15,174$14,151$13,196$9,977
8 years$15,105$13,945$12,869$11,871$10,947$7,904
9 years$13,291$12,142$11,084$10,111$9,219$6,347
10 years$11,840$10,702$9,663$8,716$7,855$5,150
11 years$10,654$9,528$8,507$7,586$6,756$4,213
12 years$9,667$8,552$7,550$6,654$5,854$3,468
13 years$8,831$7,728$6,745$5,874$5,105$2,869
14 years$8,116$7,025$6,061$5,214$4,475$2,384
15 years$7,497$6,417$5,472$4,650$3,940$1,987
16 years$6,956$5,888$4,961$4,164$3,482$1,661
17 years$6,479$5,422$4,515$3,741$3,088$1,391
18 years$6,055$5,010$4,121$3,372$2,746$1,168
19 years$5,676$4,644$3,773$3,047$2,447$982
20 years$5,336$4,315$3,462$2,759$2,186$826
21 years$5,028$4,019$3,185$2,504$1,956$696
22 years$4,749$3,752$2,935$2,277$1,753$587
23 years$4,495$3,509$2,710$2,074$1,574$495
24 years$4,262$3,288$2,506$1,891$1,415$418
25 years$4,048$3,085$2,321$1,727$1,273$354
26 years$3,850$2,900$2,153$1,579$1,147$299
27 years$3,668$2,729$1,999$1,446$1,034$253
28 years$3,499$2,572$1,859$1,324$933$214
29 years$3,342$2,426$1,730$1,215$842$181
30 years$3,196$2,291$1,611$1,115$761$153
31 years$3,059$2,166$1,502$1,024$688$130
32 years$2,931$2,049$1,401$941$622$110
33 years$2,812$1,941$1,308$865$563$93
34 years$2,699$1,839$1,223$796$510$79
35 years$2,593$1,745$1,143$733$462$67
36 years$2,494$1,656$1,069$675$419$56
37 years$2,399$1,573$1,001$622$379$48
38 years$2,310$1,495$937$573$344$41
39 years$2,226$1,421$878$528$312$34
40 years$2,146$1,352$823$487$283$29
41 years$2,071$1,287$772$450$257$25
42 years$1,999$1,226$724$415$233$21
43 years$1,930$1,168$679$383$211$18
44 years$1,865$1,113$638$354$192$15
45 years$1,803$1,062$599$327$174$13
46 years$1,744$1,013$562$302$158$11
47 years$1,688$967$528$279$144$9
48 years$1,634$923$496$258$130$8
49 years$1,582$881$467$238$118$7
50 years$1,533$842$439$220$108$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,570,000, adding $6,617 every year, while hoping to spend $34,884 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: 83/11/6 Blend
68$1,570,000$1,570,000$1,570,000$1,570,000
69$1,736,965$1,653,755$1,629,420$1,879,972
70$1,877,020$1,697,673$1,646,890$2,018,270
71$2,030,190$1,742,574$1,663,775$2,164,705
72$2,197,778$1,788,468$1,680,020$2,324,405
73$2,381,216$1,835,368$1,695,565$2,498,678
74$2,582,081$1,883,282$1,710,348$2,688,965
75$2,802,112$1,932,221$1,724,303$2,896,852
76$3,043,219$1,982,192$1,737,359$3,124,086
77$3,307,512$2,033,204$1,749,445$3,372,589
78$3,597,310$2,085,262$1,760,483$3,644,481
79$3,915,169$2,138,373$1,770,392$3,942,094
80$4,263,903$2,192,541$1,779,088$4,268,000
81$4,646,615$2,247,769$1,786,481$4,625,029
82$5,066,718$2,304,059$1,792,477$5,016,299
83$5,527,976$2,361,410$1,796,977$5,445,246
84$6,034,532$2,419,822$1,799,879$5,915,654
85$6,590,953$2,479,291$1,801,072$6,431,692
86$7,202,266$2,539,812$1,800,445$6,997,951
87$7,874,013$2,601,379$1,797,875$7,619,493
88$8,612,297$2,663,981$1,793,239$8,301,891
89$9,423,843$2,727,608$1,786,404$9,051,285
90$10,316,059$2,792,245$1,777,233$9,874,444
91$11,297,107$2,857,875$1,765,580$10,778,820
92$12,375,980$2,924,479$1,751,295$11,772,627
93$13,562,584$2,992,033$1,734,217$12,864,916
94$14,867,836$3,060,511$1,714,182$14,065,656
95$16,303,763$3,129,883$1,691,015$15,385,836
96$17,883,615$3,200,116$1,664,532$16,837,559
97$19,621,994$3,271,172$1,634,544$18,434,166
98$21,534,986$3,343,008$1,600,850$20,190,352
99$23,640,317$3,415,578$1,563,241$22,122,312
100$25,957,518$3,488,830$1,521,499$24,247,892