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%11%
1 years$139,559$138,316$137,103$135,919$134,763$134,195
2 years$69,088$67,802$66,555$65,346$64,173$63,600
3 years$45,601$44,309$43,065$41,868$40,714$40,153
4 years$33,860$32,572$31,341$30,163$29,037$28,493
5 years$26,817$25,537$24,322$23,168$22,074$21,548
6 years$22,124$20,853$19,655$18,528$17,466$16,959
7 years$18,772$17,512$16,334$15,233$14,205$13,717
8 years$16,260$15,011$13,852$12,778$11,784$11,315
9 years$14,307$13,070$11,931$10,884$9,924$9,474
10 years$12,745$11,520$10,402$9,382$8,456$8,025
11 years$11,469$10,256$9,157$8,166$7,272$6,860
12 years$10,405$9,205$8,127$7,162$6,302$5,908
13 years$9,507$8,319$7,261$6,323$5,495$5,120
14 years$8,737$7,562$6,524$5,613$4,817$4,459
15 years$8,070$6,908$5,890$5,006$4,241$3,900
16 years$7,487$6,338$5,340$4,482$3,749$3,424
17 years$6,974$5,837$4,860$4,027$3,324$3,016
18 years$6,518$5,393$4,436$3,629$2,955$2,663
19 years$6,110$4,999$4,061$3,279$2,634$2,357
20 years$5,744$4,645$3,727$2,970$2,353$2,090
21 years$5,413$4,327$3,428$2,696$2,106$1,857
22 years$5,112$4,039$3,160$2,451$1,887$1,652
23 years$4,838$3,777$2,917$2,232$1,694$1,472
24 years$4,587$3,539$2,698$2,036$1,523$1,313
25 years$4,357$3,321$2,499$1,859$1,370$1,173
26 years$4,145$3,121$2,318$1,700$1,234$1,048
27 years$3,949$2,938$2,152$1,556$1,113$938
28 years$3,767$2,768$2,001$1,426$1,004$840
29 years$3,598$2,611$1,862$1,307$907$752
30 years$3,440$2,466$1,734$1,200$819$674
31 years$3,293$2,331$1,617$1,102$741$605
32 years$3,156$2,206$1,508$1,013$670$543
33 years$3,027$2,089$1,408$931$606$487
34 years$2,905$1,980$1,316$857$549$437
35 years$2,791$1,878$1,230$789$497$393
36 years$2,684$1,782$1,151$726$451$353
37 years$2,583$1,693$1,077$669$408$317
38 years$2,487$1,609$1,009$617$370$285
39 years$2,396$1,530$945$569$336$256
40 years$2,310$1,456$886$525$304$231
41 years$2,229$1,386$831$484$276$207
42 years$2,152$1,320$779$447$251$187
43 years$2,078$1,257$731$412$227$168
44 years$2,008$1,198$686$381$206$151
45 years$1,941$1,143$644$352$187$136
46 years$1,878$1,090$605$325$170$122
47 years$1,817$1,040$569$300$155$110
48 years$1,759$993$534$277$140$99
49 years$1,703$948$502$256$127$89
50 years$1,650$906$472$237$116$80

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 $3,452 every year, while hoping to spend $39,211 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: 60/20/20 Blend
68$1,690,000$1,690,000$1,690,000$1,690,000
69$1,865,941$1,776,371$1,750,176$1,967,927
70$2,014,546$1,821,693$1,767,086$2,082,708
71$2,176,996$1,867,921$1,783,249$2,203,261
72$2,354,659$1,915,059$1,798,598$2,333,900
73$2,549,046$1,963,109$1,813,063$2,475,608
74$2,761,819$2,012,071$1,826,570$2,629,469
75$2,994,806$2,061,944$1,839,042$2,796,677
76$3,250,023$2,112,726$1,850,397$2,978,547
77$3,529,689$2,164,414$1,860,549$3,176,528
78$3,836,249$2,217,001$1,869,409$3,392,216
79$4,172,393$2,270,481$1,876,881$3,627,370
80$4,541,087$2,324,845$1,882,866$3,883,928
81$4,945,596$2,380,080$1,887,260$4,164,025
82$5,389,515$2,436,173$1,889,952$4,470,013
83$5,876,808$2,493,107$1,890,828$4,804,485
84$6,411,838$2,550,865$1,889,766$5,170,298
85$6,999,413$2,609,425$1,886,640$5,570,599
86$7,644,827$2,668,761$1,881,317$6,008,858
87$8,353,915$2,728,845$1,873,656$6,488,897
88$9,133,103$2,789,648$1,863,513$7,014,929
89$9,989,472$2,851,133$1,850,733$7,591,597
90$10,930,822$2,913,262$1,835,156$8,224,016
91$11,965,745$2,975,992$1,816,613$8,917,825
92$13,103,710$3,039,274$1,794,929$9,679,238
93$14,355,148$3,103,058$1,769,918$10,515,103
94$15,731,550$3,167,284$1,741,387$11,432,966
95$17,245,579$3,231,892$1,709,135$12,441,145
96$18,911,185$3,296,812$1,672,948$13,548,805
97$20,743,739$3,361,969$1,632,605$14,766,050
98$22,760,178$3,427,283$1,587,875$16,104,013
99$24,979,162$3,492,666$1,538,514$17,574,963
100$27,421,252$3,558,022$1,484,270$19,192,423