Can I retire at age 69 with 1,680,000?

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$138,733$137,497$136,291$135,115$133,966$132,401
2 years$68,680$67,401$66,161$64,959$63,793$62,219
3 years$45,332$44,047$42,810$41,620$40,473$38,937
4 years$33,660$32,379$31,155$29,985$28,866$27,380
5 years$26,659$25,386$24,178$23,031$21,943$20,513
6 years$21,993$20,729$19,539$18,418$17,363$15,989
7 years$18,661$17,408$16,237$15,143$14,121$12,804
8 years$16,164$14,922$13,770$12,703$11,714$10,455
9 years$14,222$12,993$11,860$10,820$9,865$8,662
10 years$12,670$11,452$10,340$9,327$8,406$7,258
11 years$11,401$10,195$9,103$8,117$7,229$6,136
12 years$10,344$9,151$8,079$7,120$6,265$5,225
13 years$9,450$8,270$7,218$6,286$5,463$4,476
14 years$8,685$7,517$6,485$5,580$4,789$3,852
15 years$8,022$6,867$5,855$4,976$4,216$3,329
16 years$7,443$6,300$5,309$4,456$3,726$2,887
17 years$6,932$5,802$4,831$4,003$3,304$2,511
18 years$6,479$5,361$4,410$3,608$2,938$2,189
19 years$6,074$4,969$4,037$3,260$2,619$1,913
20 years$5,710$4,617$3,705$2,953$2,339$1,674
21 years$5,381$4,301$3,408$2,680$2,093$1,468
22 years$5,082$4,015$3,141$2,436$1,876$1,289
23 years$4,810$3,755$2,900$2,219$1,684$1,133
24 years$4,560$3,518$2,682$2,024$1,514$997
25 years$4,331$3,302$2,484$1,848$1,362$878
26 years$4,120$3,103$2,304$1,690$1,227$773
27 years$3,925$2,920$2,139$1,547$1,106$682
28 years$3,744$2,752$1,989$1,417$998$602
29 years$3,576$2,596$1,851$1,300$901$532
30 years$3,420$2,452$1,724$1,193$814$470
31 years$3,274$2,318$1,607$1,095$736$415
32 years$3,137$2,193$1,500$1,007$666$367
33 years$3,009$2,077$1,400$926$603$324
34 years$2,888$1,968$1,308$852$546$287
35 years$2,775$1,867$1,223$784$494$254
36 years$2,668$1,772$1,144$722$448$225
37 years$2,567$1,683$1,071$665$406$199
38 years$2,472$1,599$1,003$613$368$176
39 years$2,382$1,521$940$565$334$156
40 years$2,297$1,447$881$522$303$138
41 years$2,216$1,377$826$481$275$122
42 years$2,139$1,312$775$444$249$108
43 years$2,066$1,250$727$410$226$96
44 years$1,996$1,191$682$379$205$85
45 years$1,930$1,136$641$350$186$75
46 years$1,866$1,084$602$323$169$67
47 years$1,806$1,034$565$298$154$59
48 years$1,748$987$531$276$140$52
49 years$1,693$943$499$255$127$46
50 years$1,640$901$469$235$115$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,680,000, adding $3,597 every year, while hoping to spend $25,996 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: 74/9/17 Blend
68$1,680,000$1,680,000$1,680,000$1,680,000
69$1,855,070$1,766,030$1,739,990$1,984,894
70$2,016,628$1,824,906$1,770,620$2,130,266
71$2,193,793$1,885,796$1,801,405$2,285,972
72$2,388,131$1,948,770$1,832,323$2,455,905
73$2,601,363$2,013,903$1,863,349$2,641,472
74$2,835,390$2,081,272$1,894,459$2,844,223
75$3,092,300$2,150,955$1,925,624$3,065,867
76$3,374,398$2,223,035$1,956,816$3,308,285
77$3,684,221$2,297,598$1,988,003$3,573,548
78$4,024,563$2,374,732$2,019,152$3,863,938
79$4,398,503$2,454,528$2,050,229$4,181,967
80$4,809,433$2,537,083$2,081,194$4,530,406
81$5,261,090$2,622,495$2,112,009$4,912,303
82$5,757,591$2,710,867$2,142,631$5,331,017
83$6,303,470$2,802,305$2,173,014$5,790,250
84$6,903,726$2,896,919$2,203,112$6,294,078
85$7,563,862$2,994,824$2,232,872$6,846,993
86$8,289,945$3,096,140$2,262,243$7,453,944
87$9,088,657$3,200,988$2,291,166$8,120,380
88$9,967,362$3,309,498$2,319,581$8,852,310
89$10,934,172$3,421,803$2,347,426$9,656,349
90$11,998,026$3,538,040$2,374,634$10,539,789
91$13,168,773$3,658,352$2,401,132$11,510,663
92$14,457,265$3,782,889$2,426,847$12,577,821
93$15,875,459$3,911,804$2,451,700$13,751,015
94$17,436,531$4,045,257$2,475,608$15,040,990
95$19,154,999$4,183,416$2,498,482$16,459,586
96$21,046,858$4,326,453$2,520,230$18,019,846
97$23,129,736$4,474,547$2,540,756$19,736,146
98$25,423,054$4,627,885$2,559,957$21,624,324
99$27,948,214$4,786,660$2,577,724$23,701,831
100$30,728,799$4,951,074$2,593,945$25,987,898