Can I retire at age 69 with 1,660,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$137,081$135,860$134,669$133,506$132,371$128,701
2 years$67,862$66,598$65,373$64,186$63,034$59,364
3 years$44,792$43,523$42,301$41,124$39,991$36,436
4 years$33,259$31,994$30,784$29,628$28,522$25,109
5 years$26,341$25,083$23,890$22,757$21,682$18,421
6 years$21,731$20,483$19,306$18,199$17,156$14,050
7 years$18,439$17,201$16,044$14,962$13,953$11,001
8 years$15,971$14,745$13,606$12,552$11,575$8,776
9 years$14,053$12,838$11,719$10,691$9,748$7,099
10 years$12,519$11,316$10,217$9,216$8,306$5,804
11 years$11,265$10,074$8,995$8,021$7,143$4,784
12 years$10,221$9,042$7,983$7,035$6,190$3,970
13 years$9,338$8,171$7,132$6,211$5,398$3,311
14 years$8,582$7,427$6,408$5,513$4,732$2,774
15 years$7,927$6,785$5,786$4,917$4,166$2,332
16 years$7,354$6,225$5,246$4,403$3,682$1,966
17 years$6,850$5,733$4,773$3,956$3,265$1,662
18 years$6,402$5,298$4,357$3,565$2,903$1,407
19 years$6,002$4,910$3,989$3,221$2,587$1,193
20 years$5,642$4,562$3,661$2,917$2,311$1,014
21 years$5,317$4,250$3,367$2,648$2,068$862
22 years$5,021$3,967$3,104$2,407$1,854$734
23 years$4,752$3,710$2,866$2,192$1,664$625
24 years$4,506$3,476$2,650$2,000$1,496$533
25 years$4,280$3,262$2,455$1,826$1,346$455
26 years$4,071$3,066$2,276$1,670$1,212$388
27 years$3,878$2,885$2,114$1,528$1,093$332
28 years$3,700$2,719$1,965$1,400$986$283
29 years$3,534$2,565$1,829$1,284$891$242
30 years$3,379$2,422$1,703$1,179$805$207
31 years$3,235$2,290$1,588$1,082$728$177
32 years$3,099$2,167$1,482$995$658$151
33 years$2,973$2,052$1,383$915$596$129
34 years$2,854$1,945$1,293$842$539$111
35 years$2,742$1,845$1,208$775$488$95
36 years$2,636$1,751$1,131$714$443$81
37 years$2,537$1,663$1,058$657$401$69
38 years$2,443$1,580$991$606$364$59
39 years$2,354$1,503$928$559$330$51
40 years$2,269$1,430$870$515$299$43
41 years$2,189$1,361$816$475$271$37
42 years$2,113$1,296$765$439$246$32
43 years$2,041$1,235$718$405$223$27
44 years$1,972$1,177$674$374$203$23
45 years$1,907$1,123$633$345$184$20
46 years$1,844$1,071$595$319$167$17
47 years$1,785$1,022$559$295$152$15
48 years$1,727$976$525$272$138$13
49 years$1,673$932$493$252$125$11
50 years$1,621$890$464$233$114$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,660,000, adding $6,942 every year, while hoping to spend $54,678 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: 56/17/27 Blend
68$1,660,000$1,660,000$1,660,000$1,660,000
69$1,836,481$1,748,501$1,722,771$1,925,336
70$1,965,625$1,776,000$1,722,307$2,014,675
71$2,106,109$1,803,015$1,719,994$2,105,680
72$2,259,032$1,829,463$1,715,714$2,203,715
73$2,425,604$1,855,257$1,709,341$2,309,476
74$2,607,154$1,880,303$1,700,743$2,423,732
75$2,805,149$1,904,502$1,689,782$2,547,329
76$3,021,198$1,927,748$1,676,314$2,681,204
77$3,257,077$1,949,924$1,660,188$2,826,390
78$3,514,740$1,970,911$1,641,244$2,984,024
79$3,796,335$1,990,577$1,619,318$3,155,365
80$4,104,230$2,008,784$1,594,234$3,341,801
81$4,441,031$2,025,384$1,565,811$3,544,863
82$4,809,608$2,040,221$1,533,858$3,766,241
83$5,213,122$2,053,125$1,498,175$4,007,800
84$5,655,051$2,063,919$1,458,555$4,271,597
85$6,139,228$2,072,413$1,414,779$4,559,902
86$6,669,874$2,078,405$1,366,617$4,875,221
87$7,251,635$2,081,681$1,313,833$5,220,316
88$7,889,630$2,082,012$1,256,175$5,598,237
89$8,589,499$2,079,157$1,193,383$6,012,348
90$9,357,450$2,072,858$1,125,185$6,466,358
91$10,200,326$2,062,844$1,051,294$6,964,363
92$11,125,659$2,048,823$971,412$7,510,875
93$12,141,751$2,030,490$885,229$8,110,878
94$13,257,744$2,007,519$792,419$8,769,864
95$14,483,712$1,979,565$692,642$9,493,893
96$15,830,748$1,946,261$585,544$10,289,648
97$17,311,078$1,907,221$470,753$11,164,501
98$18,938,168$1,862,035$347,883$12,126,582
99$20,726,853$1,810,267$216,529$13,184,855
100$22,693,480$1,751,458$76,271$14,349,210