Can I retire at age 69 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$136,255$135,042$133,858$132,702$131,573$129,714
2 years$67,453$66,197$64,979$63,799$62,654$60,785
3 years$44,522$43,260$42,046$40,877$39,750$37,929
4 years$33,059$31,801$30,599$29,449$28,350$26,590
5 years$26,183$24,932$23,746$22,620$21,551$19,859
6 years$21,600$20,359$19,190$18,089$17,053$15,429
7 years$18,328$17,098$15,947$14,872$13,869$12,314
8 years$15,875$14,656$13,524$12,476$11,505$10,020
9 years$13,968$12,761$11,649$10,627$9,689$8,273
10 years$12,444$11,248$10,156$9,160$8,256$6,907
11 years$11,197$10,013$8,941$7,972$7,100$5,817
12 years$10,159$8,987$7,935$6,993$6,153$4,935
13 years$9,281$8,122$7,089$6,174$5,365$4,210
14 years$8,530$7,383$6,370$5,480$4,703$3,610
15 years$7,879$6,744$5,751$4,887$4,141$3,107
16 years$7,310$6,188$5,214$4,376$3,660$2,683
17 years$6,809$5,699$4,745$3,932$3,245$2,324
18 years$6,363$5,266$4,331$3,543$2,885$2,017
19 years$5,966$4,880$3,965$3,202$2,572$1,755
20 years$5,608$4,535$3,639$2,900$2,297$1,529
21 years$5,285$4,224$3,347$2,632$2,056$1,335
22 years$4,991$3,943$3,085$2,393$1,843$1,166
23 years$4,724$3,688$2,848$2,179$1,654$1,020
24 years$4,479$3,455$2,634$1,988$1,487$894
25 years$4,254$3,243$2,440$1,815$1,338$783
26 years$4,047$3,048$2,263$1,660$1,205$687
27 years$3,855$2,868$2,101$1,519$1,086$603
28 years$3,677$2,703$1,953$1,392$980$530
29 years$3,512$2,550$1,818$1,276$885$465
30 years$3,359$2,408$1,693$1,171$800$409
31 years$3,215$2,276$1,578$1,076$723$360
32 years$3,081$2,154$1,473$989$654$316
33 years$2,955$2,040$1,375$909$592$278
34 years$2,837$1,933$1,285$837$536$245
35 years$2,725$1,834$1,201$770$485$216
36 years$2,621$1,740$1,124$709$440$190
37 years$2,522$1,653$1,052$653$399$167
38 years$2,428$1,571$985$602$361$147
39 years$2,340$1,494$923$555$328$130
40 years$2,256$1,421$865$512$297$114
41 years$2,176$1,353$811$473$270$101
42 years$2,101$1,288$761$436$245$89
43 years$2,029$1,228$714$403$222$78
44 years$1,960$1,170$670$372$202$69
45 years$1,895$1,116$629$343$183$61
46 years$1,833$1,064$591$317$166$54
47 years$1,774$1,016$555$293$151$47
48 years$1,717$970$522$271$137$42
49 years$1,663$926$490$250$124$37
50 years$1,611$885$461$231$113$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,650,000, adding $2,752 every year, while hoping to spend $44,540 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: 43/40/17 Blend
68$1,650,000$1,650,000$1,650,000$1,650,000
69$1,821,139$1,733,689$1,708,114$1,890,331
70$1,959,505$1,771,249$1,717,945$1,976,859
71$2,110,491$1,809,157$1,726,613$2,065,938
72$2,275,338$1,847,383$1,734,032$2,161,502
73$2,455,412$1,885,894$1,740,111$2,264,168
74$2,652,214$1,924,653$1,744,755$2,374,618
75$2,867,401$1,963,622$1,747,865$2,493,600
76$3,102,793$2,002,757$1,749,336$2,621,943
77$3,360,397$2,042,011$1,749,058$2,760,558
78$3,642,422$2,081,334$1,746,916$2,910,450
79$3,951,300$2,120,671$1,742,789$3,072,728
80$4,289,711$2,159,962$1,736,550$3,248,614
81$4,660,604$2,199,142$1,728,067$3,439,456
82$5,067,228$2,238,143$1,717,200$3,646,740
83$5,513,162$2,276,888$1,703,803$3,872,104
84$6,002,347$2,315,298$1,687,723$4,117,355
85$6,539,125$2,353,286$1,668,800$4,384,487
86$7,128,277$2,390,758$1,646,866$4,675,696
87$7,775,070$2,427,615$1,621,745$4,993,407
88$8,485,307$2,463,748$1,593,254$5,340,290
89$9,265,380$2,499,043$1,561,199$5,719,294
90$10,122,329$2,533,376$1,525,379$6,133,667
91$11,063,911$2,566,616$1,485,584$6,586,992
92$12,098,671$2,598,622$1,441,592$7,083,222
93$13,236,023$2,629,242$1,393,173$7,626,714
94$14,486,339$2,658,316$1,340,086$8,222,271
95$15,861,045$2,685,673$1,282,078$8,875,194
96$17,372,729$2,711,128$1,218,885$9,591,323
97$19,035,261$2,734,488$1,150,232$10,377,101
98$20,863,923$2,755,543$1,075,830$11,239,632
99$22,875,551$2,774,073$995,378$12,186,749
100$25,088,696$2,789,840$908,562$13,227,086