Can I retire at age 69 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$133,778$132,586$131,424$130,289$129,181$127,992
2 years$66,227$64,993$63,798$62,639$61,515$60,317
3 years$43,713$42,474$41,282$40,133$39,028$37,858
4 years$32,458$31,223$30,042$28,914$27,835$26,702
5 years$25,707$24,479$23,314$22,209$21,160$20,067
6 years$21,207$19,989$18,841$17,760$16,743$15,692
7 years$17,995$16,787$15,657$14,602$13,616$12,608
8 years$15,586$14,389$13,279$12,249$11,296$10,330
9 years$13,714$12,528$11,437$10,434$9,513$8,589
10 years$12,217$11,043$9,971$8,994$8,106$7,223
11 years$10,994$9,831$8,778$7,827$6,971$6,130
12 years$9,974$8,824$7,790$6,866$6,041$5,239
13 years$9,113$7,974$6,960$6,061$5,268$4,505
14 years$8,375$7,248$6,254$5,381$4,618$3,893
15 years$7,736$6,622$5,646$4,798$4,066$3,378
16 years$7,177$6,075$5,119$4,297$3,593$2,942
17 years$6,685$5,595$4,658$3,860$3,186$2,569
18 years$6,248$5,170$4,252$3,479$2,833$2,250
19 years$5,857$4,791$3,893$3,144$2,525$1,974
20 years$5,506$4,452$3,573$2,847$2,255$1,736
21 years$5,189$4,147$3,286$2,584$2,018$1,528
22 years$4,900$3,871$3,029$2,349$1,809$1,348
23 years$4,638$3,621$2,797$2,140$1,624$1,190
24 years$4,397$3,392$2,586$1,951$1,460$1,052
25 years$4,177$3,184$2,395$1,782$1,314$931
26 years$3,973$2,992$2,222$1,630$1,183$824
27 years$3,785$2,816$2,063$1,492$1,067$730
28 years$3,611$2,653$1,918$1,367$963$648
29 years$3,449$2,503$1,785$1,253$869$575
30 years$3,298$2,364$1,662$1,150$785$510
31 years$3,157$2,235$1,550$1,056$710$453
32 years$3,025$2,115$1,446$971$642$403
33 years$2,901$2,003$1,350$893$581$358
34 years$2,785$1,898$1,261$821$526$318
35 years$2,676$1,800$1,179$756$477$283
36 years$2,573$1,709$1,103$696$432$252
37 years$2,476$1,623$1,033$642$391$224
38 years$2,384$1,542$967$591$355$199
39 years$2,297$1,467$906$545$322$177
40 years$2,215$1,395$849$503$292$158
41 years$2,137$1,328$796$464$265$141
42 years$2,062$1,265$747$428$240$125
43 years$1,992$1,205$701$395$218$111
44 years$1,925$1,149$658$365$198$99
45 years$1,861$1,095$618$337$180$88
46 years$1,800$1,045$580$311$163$79
47 years$1,742$997$545$288$148$70
48 years$1,686$952$512$266$135$62
49 years$1,633$909$481$246$122$56
50 years$1,582$868$453$227$111$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,620,000, adding $6,323 every year, while hoping to spend $27,357 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: 59/25/16 Blend
68$1,620,000$1,620,000$1,620,000$1,620,000
69$1,791,762$1,705,902$1,680,792$1,889,769
70$1,945,414$1,760,384$1,707,991$2,011,228
71$2,113,822$1,816,618$1,735,184$2,140,039
72$2,298,462$1,874,662$1,762,343$2,279,874
73$2,500,959$1,934,575$1,789,435$2,431,802
74$2,723,104$1,996,417$1,816,429$2,596,996
75$2,966,871$2,060,251$1,843,289$2,776,751
76$3,234,431$2,126,142$1,869,979$2,972,490
77$3,528,178$2,194,158$1,896,458$3,185,780
78$3,850,747$2,264,367$1,922,685$3,418,346
79$4,205,044$2,336,842$1,948,615$3,672,088
80$4,594,267$2,411,655$1,974,202$3,949,099
81$5,021,940$2,488,884$1,999,396$4,251,680
82$5,491,946$2,568,608$2,024,144$4,582,369
83$6,008,563$2,650,908$2,048,391$4,943,959
84$6,576,502$2,735,868$2,072,078$5,339,526
85$7,200,956$2,823,576$2,095,143$5,772,459
86$7,887,644$2,914,122$2,117,521$6,246,489
87$8,642,868$3,007,599$2,139,142$6,765,727
88$9,473,571$3,104,102$2,159,934$7,334,701
89$10,387,404$3,203,732$2,179,821$7,958,398
90$11,392,795$3,306,590$2,198,720$8,642,312
91$12,499,031$3,412,784$2,216,549$9,392,494
92$13,716,345$3,522,423$2,233,215$10,215,613
93$15,056,010$3,635,620$2,248,626$11,119,012
94$16,530,450$3,752,492$2,262,682$12,110,783
95$18,153,353$3,873,161$2,275,279$13,199,840
96$19,939,801$3,997,752$2,286,307$14,396,006
97$21,906,414$4,126,395$2,295,651$15,710,099
98$24,071,502$4,259,222$2,303,189$17,154,042
99$26,455,244$4,396,373$2,308,795$18,740,968
100$29,079,875$4,537,991$2,312,335$20,485,350