Can I retire at age 69 with 1,690,000?

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$139,559$138,316$137,103$135,919$134,763$131,612
2 years$69,088$67,802$66,555$65,346$64,173$61,016
3 years$45,601$44,309$43,065$41,868$40,714$37,650
4 years$33,860$32,572$31,341$30,163$29,037$26,090
5 years$26,817$25,537$24,322$23,168$22,074$19,252
6 years$22,124$20,853$19,655$18,528$17,466$14,772
7 years$18,772$17,512$16,334$15,233$14,205$11,638
8 years$16,260$15,011$13,852$12,778$11,784$9,345
9 years$14,307$13,070$11,931$10,884$9,924$7,610
10 years$12,745$11,520$10,402$9,382$8,456$6,264
11 years$11,469$10,256$9,157$8,166$7,272$5,200
12 years$10,405$9,205$8,127$7,162$6,302$4,346
13 years$9,507$8,319$7,261$6,323$5,495$3,652
14 years$8,737$7,562$6,524$5,613$4,817$3,083
15 years$8,070$6,908$5,890$5,006$4,241$2,611
16 years$7,487$6,338$5,340$4,482$3,749$2,219
17 years$6,974$5,837$4,860$4,027$3,324$1,890
18 years$6,518$5,393$4,436$3,629$2,955$1,614
19 years$6,110$4,999$4,061$3,279$2,634$1,380
20 years$5,744$4,645$3,727$2,970$2,353$1,182
21 years$5,413$4,327$3,428$2,696$2,106$1,014
22 years$5,112$4,039$3,160$2,451$1,887$871
23 years$4,838$3,777$2,917$2,232$1,694$748
24 years$4,587$3,539$2,698$2,036$1,523$643
25 years$4,357$3,321$2,499$1,859$1,370$554
26 years$4,145$3,121$2,318$1,700$1,234$477
27 years$3,949$2,938$2,152$1,556$1,113$411
28 years$3,767$2,768$2,001$1,426$1,004$354
29 years$3,598$2,611$1,862$1,307$907$305
30 years$3,440$2,466$1,734$1,200$819$263
31 years$3,293$2,331$1,617$1,102$741$227
32 years$3,156$2,206$1,508$1,013$670$196
33 years$3,027$2,089$1,408$931$606$169
34 years$2,905$1,980$1,316$857$549$146
35 years$2,791$1,878$1,230$789$497$126
36 years$2,684$1,782$1,151$726$451$109
37 years$2,583$1,693$1,077$669$408$94
38 years$2,487$1,609$1,009$617$370$81
39 years$2,396$1,530$945$569$336$70
40 years$2,310$1,456$886$525$304$61
41 years$2,229$1,386$831$484$276$52
42 years$2,152$1,320$779$447$251$45
43 years$2,078$1,257$731$412$227$39
44 years$2,008$1,198$686$381$206$34
45 years$1,941$1,143$644$352$187$29
46 years$1,878$1,090$605$325$170$25
47 years$1,817$1,040$569$300$155$22
48 years$1,759$993$534$277$140$19
49 years$1,703$948$502$256$127$16
50 years$1,650$906$472$237$116$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,690,000, adding $5,540 every year, while hoping to spend $23,034 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: 43/36/21 Blend
68$1,690,000$1,690,000$1,690,000$1,690,000
69$1,868,095$1,778,525$1,752,330$1,936,782
70$2,034,132$1,841,164$1,786,525$2,048,609
71$2,216,334$1,906,101$1,821,093$2,167,025
72$2,416,323$1,973,424$1,856,023$2,294,852
73$2,635,891$2,043,224$1,891,302$2,432,968
74$2,877,006$2,115,597$1,926,916$2,582,342
75$3,141,842$2,190,642$1,962,849$2,744,036
76$3,432,790$2,268,463$1,999,084$2,919,218
77$3,752,484$2,349,168$2,035,603$3,109,176
78$4,103,828$2,432,867$2,072,386$3,315,321
79$4,490,019$2,519,679$2,109,412$3,539,209
80$4,914,581$2,609,723$2,146,658$3,782,550
81$5,381,396$2,703,128$2,184,098$4,047,226
82$5,894,741$2,800,023$2,221,708$4,335,308
83$6,459,326$2,900,546$2,259,457$4,649,073
84$7,080,344$3,004,839$2,297,315$4,991,030
85$7,763,514$3,113,051$2,335,250$5,363,937
86$8,515,137$3,225,336$2,373,226$5,770,831
87$9,342,159$3,341,855$2,411,206$6,215,055
88$10,252,229$3,462,775$2,449,151$6,700,290
89$11,253,776$3,588,271$2,487,018$7,230,587
90$12,356,090$3,718,525$2,524,762$7,810,405
91$13,569,404$3,853,726$2,562,334$8,444,657
92$14,904,996$3,994,071$2,599,685$9,138,748
93$16,375,290$4,139,765$2,636,759$9,898,633
94$17,993,979$4,291,023$2,673,500$10,730,868
95$19,776,150$4,448,068$2,709,847$11,642,673
96$21,738,425$4,611,131$2,745,735$12,642,000
97$23,899,124$4,780,456$2,781,096$13,737,606
98$26,278,430$4,956,293$2,815,858$14,939,134
99$28,898,585$5,138,908$2,849,945$16,257,207
100$31,784,099$5,328,572$2,883,277$17,703,526