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%15.5%
1 years$133,778$132,586$131,424$130,289$129,181$126,263
2 years$66,227$64,993$63,798$62,639$61,515$58,591
3 years$43,713$42,474$41,282$40,133$39,028$36,189
4 years$32,458$31,223$30,042$28,914$27,835$25,103
5 years$25,707$24,479$23,314$22,209$21,160$18,542
6 years$21,207$19,989$18,841$17,760$16,743$14,243
7 years$17,995$16,787$15,657$14,602$13,616$11,234
8 years$15,586$14,389$13,279$12,249$11,296$9,031
9 years$13,714$12,528$11,437$10,434$9,513$7,363
10 years$12,217$11,043$9,971$8,994$8,106$6,069
11 years$10,994$9,831$8,778$7,827$6,971$5,044
12 years$9,974$8,824$7,790$6,866$6,041$4,221
13 years$9,113$7,974$6,960$6,061$5,268$3,552
14 years$8,375$7,248$6,254$5,381$4,618$3,002
15 years$7,736$6,622$5,646$4,798$4,066$2,547
16 years$7,177$6,075$5,119$4,297$3,593$2,167
17 years$6,685$5,595$4,658$3,860$3,186$1,849
18 years$6,248$5,170$4,252$3,479$2,833$1,581
19 years$5,857$4,791$3,893$3,144$2,525$1,354
20 years$5,506$4,452$3,573$2,847$2,255$1,161
21 years$5,189$4,147$3,286$2,584$2,018$998
22 years$4,900$3,871$3,029$2,349$1,809$858
23 years$4,638$3,621$2,797$2,140$1,624$738
24 years$4,397$3,392$2,586$1,951$1,460$636
25 years$4,177$3,184$2,395$1,782$1,314$548
26 years$3,973$2,992$2,222$1,630$1,183$473
27 years$3,785$2,816$2,063$1,492$1,067$408
28 years$3,611$2,653$1,918$1,367$963$352
29 years$3,449$2,503$1,785$1,253$869$304
30 years$3,298$2,364$1,662$1,150$785$263
31 years$3,157$2,235$1,550$1,056$710$227
32 years$3,025$2,115$1,446$971$642$196
33 years$2,901$2,003$1,350$893$581$170
34 years$2,785$1,898$1,261$821$526$147
35 years$2,676$1,800$1,179$756$477$127
36 years$2,573$1,709$1,103$696$432$110
37 years$2,476$1,623$1,033$642$391$95
38 years$2,384$1,542$967$591$355$82
39 years$2,297$1,467$906$545$322$71
40 years$2,215$1,395$849$503$292$62
41 years$2,137$1,328$796$464$265$53
42 years$2,062$1,265$747$428$240$46
43 years$1,992$1,205$701$395$218$40
44 years$1,925$1,149$658$365$198$35
45 years$1,861$1,095$618$337$180$30
46 years$1,800$1,045$580$311$163$26
47 years$1,742$997$545$288$148$22
48 years$1,686$952$512$266$135$19
49 years$1,633$909$481$246$122$17
50 years$1,582$868$453$227$111$15

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 $6,627 every year, while hoping to spend $34,442 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: 42/48/10 Blend
68$1,620,000$1,620,000$1,620,000$1,620,000
69$1,792,076$1,706,216$1,681,106$1,861,824
70$1,938,221$1,753,174$1,700,777$1,958,175
71$2,098,120$1,801,279$1,719,952$2,058,466
72$2,273,137$1,850,551$1,738,580$2,166,288
73$2,464,777$1,901,009$1,756,603$2,282,342
74$2,674,699$1,952,672$1,773,963$2,407,398
75$2,904,725$2,005,560$1,790,598$2,542,304
76$3,156,866$2,059,691$1,806,442$2,687,992
77$3,433,335$2,115,085$1,821,426$2,845,490
78$3,736,569$2,171,758$1,835,478$3,015,928
79$4,069,254$2,229,729$1,848,521$3,200,549
80$4,434,347$2,289,015$1,860,476$3,400,721
81$4,835,105$2,349,631$1,871,256$3,617,954
82$5,275,117$2,411,594$1,880,775$3,853,905
83$5,758,335$2,474,919$1,888,937$4,110,404
84$6,289,114$2,539,619$1,895,645$4,389,461
85$6,872,250$2,605,707$1,900,796$4,693,293
86$7,513,028$2,673,195$1,904,281$5,024,340
87$8,217,269$2,742,094$1,905,987$5,385,292
88$8,991,388$2,812,413$1,905,794$5,779,109
89$9,842,449$2,884,161$1,903,578$6,209,052
90$10,778,237$2,957,343$1,899,206$6,678,714
91$11,807,329$3,031,965$1,892,542$7,192,053
92$12,939,175$3,108,030$1,883,440$7,753,430
93$14,184,185$3,185,537$1,871,749$8,367,649
94$15,553,830$3,264,487$1,857,312$9,040,000
95$17,060,749$3,344,875$1,839,960$9,776,316
96$18,718,868$3,426,696$1,819,521$10,583,020
97$20,543,529$3,509,941$1,795,811$11,467,191
98$22,551,638$3,594,598$1,768,640$12,436,629
99$24,761,824$3,680,652$1,737,809$13,499,927
100$27,194,612$3,768,085$1,703,106$14,666,553