Can I retire at age 69 with 1,640,000?

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$135,430$134,223$133,046$131,898$130,776$126,590
2 years$67,044$65,796$64,586$63,412$62,274$58,095
3 years$44,252$42,998$41,791$40,629$39,509$35,469
4 years$32,858$31,608$30,413$29,271$28,178$24,307
5 years$26,024$24,781$23,602$22,483$21,421$17,729
6 years$21,469$20,236$19,074$17,980$16,950$13,441
7 years$18,217$16,994$15,850$14,782$13,784$10,458
8 years$15,779$14,567$13,442$12,400$11,436$8,290
9 years$13,884$12,683$11,578$10,562$9,630$6,661
10 years$12,368$11,180$10,094$9,105$8,206$5,408
11 years$11,129$9,953$8,887$7,924$7,057$4,427
12 years$10,098$8,933$7,887$6,950$6,116$3,647
13 years$9,225$8,073$7,046$6,136$5,333$3,019
14 years$8,478$7,338$6,331$5,447$4,675$2,510
15 years$7,831$6,703$5,716$4,858$4,116$2,094
16 years$7,266$6,150$5,182$4,350$3,638$1,751
17 years$6,767$5,664$4,716$3,908$3,225$1,468
18 years$6,325$5,234$4,305$3,522$2,868$1,233
19 years$5,929$4,851$3,941$3,182$2,556$1,037
20 years$5,574$4,507$3,617$2,882$2,283$874
21 years$5,253$4,199$3,327$2,616$2,043$737
22 years$4,961$3,919$3,066$2,378$1,832$622
23 years$4,695$3,666$2,831$2,166$1,644$525
24 years$4,452$3,434$2,618$1,976$1,478$444
25 years$4,228$3,223$2,425$1,804$1,330$375
26 years$4,022$3,029$2,249$1,650$1,198$318
27 years$3,832$2,851$2,088$1,510$1,080$269
28 years$3,655$2,686$1,941$1,383$974$228
29 years$3,491$2,534$1,807$1,269$880$193
30 years$3,338$2,393$1,683$1,164$795$163
31 years$3,196$2,262$1,569$1,069$719$138
32 years$3,062$2,141$1,464$983$650$117
33 years$2,937$2,027$1,367$904$588$99
34 years$2,819$1,921$1,277$831$533$84
35 years$2,709$1,822$1,194$765$483$71
36 years$2,605$1,730$1,117$705$437$61
37 years$2,506$1,643$1,045$650$396$51
38 years$2,413$1,561$979$599$359$44
39 years$2,325$1,485$917$552$326$37
40 years$2,242$1,412$860$509$295$31
41 years$2,163$1,345$806$470$268$27
42 years$2,088$1,281$756$434$243$22
43 years$2,017$1,220$710$400$221$19
44 years$1,949$1,163$666$370$200$16
45 years$1,884$1,109$625$341$182$14
46 years$1,822$1,058$587$315$165$12
47 years$1,763$1,010$552$291$150$10
48 years$1,707$964$519$269$136$8
49 years$1,653$920$487$249$124$7
50 years$1,601$879$458$230$112$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,640,000, adding $4,200 every year, while hoping to spend $23,997 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: 40/44/16 Blend
68$1,640,000$1,640,000$1,640,000$1,640,000
69$1,811,612$1,724,692$1,699,272$1,875,306
70$1,970,864$1,783,670$1,730,665$1,979,939
71$2,145,555$1,844,733$1,762,306$2,090,414
72$2,337,236$1,907,958$1,794,176$2,209,415
73$2,547,611$1,973,426$1,826,259$2,337,729
74$2,778,563$2,041,218$1,858,534$2,476,220
75$3,032,161$2,111,423$1,890,979$2,625,836
76$3,310,686$2,184,128$1,923,572$2,787,621
77$3,616,653$2,259,427$1,956,289$2,962,722
78$3,952,829$2,337,416$1,989,102$3,152,398
79$4,322,264$2,418,196$2,021,983$3,358,037
80$4,728,318$2,501,871$2,054,903$3,581,162
81$5,174,693$2,588,549$2,087,829$3,823,451
82$5,665,467$2,678,343$2,120,726$4,086,746
83$6,205,133$2,771,370$2,153,559$4,373,076
84$6,798,641$2,867,752$2,186,288$4,684,674
85$7,451,446$2,967,615$2,218,871$5,023,996
86$8,169,556$3,071,091$2,251,266$5,393,742
87$8,959,592$3,178,315$2,283,425$5,796,888
88$9,828,849$3,289,432$2,315,298$6,236,706
89$10,785,365$3,404,587$2,346,834$6,716,799
90$11,837,995$3,523,935$2,377,976$7,241,133
91$12,996,499$3,647,636$2,408,666$7,814,073
92$14,271,627$3,775,855$2,438,842$8,440,425
93$15,675,227$3,908,766$2,468,437$9,125,479
94$17,220,353$4,046,548$2,497,383$9,875,063
95$18,921,388$4,189,389$2,525,604$10,695,591
96$20,794,183$4,337,482$2,553,025$11,594,125
97$22,856,202$4,491,030$2,579,564$12,578,445
98$25,126,688$4,650,245$2,605,133$13,657,116
99$27,626,847$4,815,344$2,629,642$14,839,572
100$30,380,046$4,986,556$2,652,995$16,136,202