Can I retire at age 69 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$142,036$140,771$139,536$138,332$137,155$134,496
2 years$70,315$69,005$67,736$66,506$65,312$62,644
3 years$46,411$45,096$43,830$42,611$41,437$38,842
4 years$34,461$33,150$31,897$30,699$29,553$27,053
5 years$27,293$25,990$24,753$23,580$22,466$20,067
6 years$22,516$21,223$20,004$18,857$17,776$15,481
7 years$19,106$17,823$16,624$15,503$14,457$12,266
8 years$16,549$15,278$14,098$13,005$11,993$9,906
9 years$14,561$13,302$12,143$11,078$10,100$8,116
10 years$12,972$11,725$10,586$9,549$8,606$6,722
11 years$11,672$10,438$9,320$8,310$7,401$5,616
12 years$10,590$9,369$8,271$7,289$6,414$4,724
13 years$9,675$8,466$7,390$6,435$5,593$3,996
14 years$8,892$7,696$6,640$5,713$4,903$3,396
15 years$8,213$7,030$5,995$5,095$4,317$2,897
16 years$7,620$6,450$5,435$4,562$3,815$2,479
17 years$7,098$5,940$4,946$4,099$3,383$2,127
18 years$6,633$5,489$4,515$3,694$3,008$1,829
19 years$6,219$5,087$4,133$3,338$2,681$1,576
20 years$5,846$4,727$3,793$3,023$2,395$1,360
21 years$5,509$4,403$3,489$2,743$2,143$1,176
22 years$5,203$4,110$3,216$2,494$1,921$1,017
23 years$4,924$3,844$2,969$2,272$1,724$881
24 years$4,669$3,602$2,746$2,072$1,550$764
25 years$4,434$3,380$2,543$1,892$1,395$663
26 years$4,218$3,177$2,359$1,730$1,256$575
27 years$4,019$2,990$2,190$1,584$1,133$500
28 years$3,834$2,817$2,036$1,451$1,022$434
29 years$3,661$2,658$1,895$1,331$923$377
30 years$3,501$2,510$1,765$1,221$834$328
31 years$3,352$2,373$1,645$1,121$754$286
32 years$3,212$2,245$1,535$1,031$682$249
33 years$3,080$2,126$1,433$948$617$216
34 years$2,957$2,015$1,339$872$559$188
35 years$2,841$1,911$1,252$803$506$164
36 years$2,732$1,814$1,171$739$459$143
37 years$2,629$1,723$1,096$681$416$124
38 years$2,531$1,637$1,027$628$377$108
39 years$2,439$1,557$962$579$342$94
40 years$2,352$1,481$902$534$310$82
41 years$2,269$1,410$845$493$281$72
42 years$2,190$1,343$793$455$255$62
43 years$2,115$1,280$744$420$232$54
44 years$2,044$1,220$699$388$210$47
45 years$1,976$1,163$656$358$191$41
46 years$1,911$1,110$616$331$173$36
47 years$1,849$1,059$579$305$157$31
48 years$1,790$1,011$544$282$143$27
49 years$1,733$965$511$261$130$24
50 years$1,679$922$481$241$118$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,720,000, adding $4,652 every year, while hoping to spend $25,333 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: 23/49/28 Blend
68$1,720,000$1,720,000$1,720,000$1,720,000
69$1,900,239$1,809,079$1,782,419$1,927,042
70$2,067,109$1,870,769$1,815,175$2,012,331
71$2,250,151$1,934,634$1,848,181$2,101,151
72$2,450,987$2,000,752$1,881,416$2,195,708
73$2,671,405$2,069,206$1,914,861$2,296,491
74$2,913,375$2,140,083$1,948,494$2,404,038
75$3,179,063$2,213,472$1,982,294$2,518,938
76$3,470,861$2,289,465$2,016,234$2,641,836
77$3,791,399$2,368,159$2,050,288$2,773,442
78$4,143,577$2,449,655$2,084,428$2,914,534
79$4,530,590$2,534,055$2,118,624$3,065,966
80$4,955,955$2,621,469$2,152,842$3,228,677
81$5,423,549$2,712,008$2,187,050$3,403,696
82$5,937,644$2,805,789$2,221,209$3,592,156
83$6,502,945$2,902,934$2,255,280$3,795,300
84$7,124,635$3,003,568$2,289,223$4,014,495
85$7,808,428$3,107,822$2,322,991$4,251,243
86$8,560,615$3,215,833$2,356,539$4,507,196
87$9,388,131$3,327,742$2,389,816$4,784,170
88$10,298,615$3,443,696$2,422,769$5,084,160
89$11,300,484$3,563,848$2,455,343$5,409,364
90$12,403,014$3,688,357$2,487,477$5,762,195
91$13,616,423$3,817,387$2,519,109$6,145,313
92$14,951,971$3,951,112$2,550,172$6,561,638
93$16,422,065$4,089,710$2,580,596$7,014,388
94$18,040,376$4,233,366$2,610,306$7,507,102
95$19,821,967$4,382,274$2,639,224$8,043,674
96$21,783,437$4,536,635$2,667,268$8,628,392
97$23,943,075$4,696,658$2,694,349$9,265,972
98$26,321,035$4,862,560$2,720,376$9,961,608
99$28,939,524$5,034,568$2,745,251$10,721,018
100$31,823,011$5,212,918$2,768,873$11,550,494