Can I retire at age 69 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$132,952$131,768$130,613$129,485$128,384$123,436
2 years$65,818$64,592$63,404$62,252$61,135$56,210
3 years$43,443$42,212$41,027$39,886$38,787$34,038
4 years$32,257$31,030$29,857$28,735$27,663$23,128
5 years$25,548$24,328$23,170$22,072$21,029$16,718
6 years$21,076$19,866$18,725$17,651$16,639$12,557
7 years$17,884$16,683$15,561$14,512$13,532$9,676
8 years$15,490$14,300$13,197$12,173$11,226$7,593
9 years$13,630$12,451$11,366$10,369$9,454$6,038
10 years$12,142$10,975$9,909$8,938$8,055$4,850
11 years$10,926$9,770$8,724$7,779$6,928$3,926
12 years$9,913$8,769$7,742$6,823$6,004$3,198
13 years$9,056$7,925$6,917$6,024$5,235$2,617
14 years$8,323$7,204$6,215$5,347$4,589$2,150
15 years$7,688$6,581$5,611$4,769$4,041$1,772
16 years$7,133$6,038$5,088$4,270$3,571$1,464
17 years$6,644$5,560$4,630$3,837$3,166$1,212
18 years$6,209$5,138$4,226$3,458$2,815$1,005
19 years$5,821$4,762$3,869$3,124$2,509$835
20 years$5,472$4,425$3,551$2,830$2,242$694
21 years$5,157$4,122$3,266$2,568$2,006$578
22 years$4,870$3,847$3,010$2,335$1,798$481
23 years$4,609$3,598$2,779$2,126$1,614$401
24 years$4,370$3,372$2,570$1,939$1,451$334
25 years$4,151$3,164$2,381$1,771$1,305$279
26 years$3,949$2,974$2,208$1,619$1,176$233
27 years$3,762$2,799$2,050$1,482$1,060$194
28 years$3,588$2,637$1,906$1,358$957$162
29 years$3,427$2,488$1,774$1,245$864$135
30 years$3,277$2,349$1,652$1,143$780$113
31 years$3,137$2,221$1,540$1,050$706$95
32 years$3,006$2,102$1,437$965$638$79
33 years$2,883$1,990$1,342$887$578$66
34 years$2,768$1,886$1,254$816$523$55
35 years$2,659$1,789$1,172$751$474$46
36 years$2,557$1,698$1,096$692$429$39
37 years$2,461$1,613$1,026$638$389$32
38 years$2,369$1,533$961$588$353$27
39 years$2,283$1,457$900$542$320$23
40 years$2,201$1,387$844$500$290$19
41 years$2,123$1,320$791$461$263$16
42 years$2,050$1,257$742$426$239$13
43 years$1,980$1,198$697$393$217$11
44 years$1,913$1,142$654$363$197$9
45 years$1,849$1,089$614$335$179$8
46 years$1,789$1,039$577$309$162$6
47 years$1,731$991$542$286$147$5
48 years$1,675$946$509$264$134$4
49 years$1,623$904$479$244$121$4
50 years$1,572$863$450$226$110$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,610,000, adding $5,290 every year, while hoping to spend $24,141 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: 28/43/29 Blend
68$1,610,000$1,610,000$1,610,000$1,610,000
69$1,779,677$1,694,347$1,669,392$1,813,424
70$1,935,518$1,751,684$1,699,630$1,898,284
71$2,106,446$1,811,021$1,730,073$1,986,963
72$2,293,974$1,872,432$1,760,701$2,081,757
73$2,499,769$1,935,991$1,791,494$2,183,206
74$2,725,666$2,001,776$1,822,431$2,291,908
75$2,973,690$2,069,868$1,853,488$2,408,515
76$3,246,067$2,140,353$1,884,640$2,533,747
77$3,545,252$2,213,316$1,915,862$2,668,390
78$3,873,949$2,288,850$1,947,124$2,813,313
79$4,235,136$2,367,047$1,978,397$2,969,468
80$4,632,094$2,448,007$2,009,648$3,137,902
81$5,068,439$2,531,830$2,040,842$3,319,765
82$5,548,152$2,618,623$2,071,943$3,516,324
83$6,075,623$2,708,495$2,102,912$3,728,971
84$6,655,685$2,801,559$2,133,708$3,959,235
85$7,293,664$2,897,935$2,164,286$4,208,801
86$7,995,428$2,997,744$2,194,601$4,479,520
87$8,767,444$3,101,115$2,224,602$4,773,432
88$9,616,834$3,208,181$2,254,237$5,092,777
89$10,551,448$3,319,079$2,283,451$5,440,024
90$11,579,934$3,433,952$2,312,185$5,817,888
91$12,711,822$3,552,950$2,340,377$6,229,359
92$13,957,609$3,676,227$2,367,962$6,677,725
93$15,328,867$3,803,943$2,394,870$7,166,609
94$16,838,342$3,936,266$2,421,028$7,699,998
95$18,500,079$4,073,370$2,446,360$8,282,280
96$20,329,557$4,215,436$2,470,783$8,918,290
97$22,343,830$4,362,650$2,494,212$9,613,347
98$24,561,689$4,515,208$2,516,556$10,373,312
99$27,003,842$4,673,314$2,537,722$11,204,638
100$29,693,106$4,837,178$2,557,607$12,114,429