Can I retire at age 69 with 1,730,000?

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 $1,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$142,862$141,589$140,348$139,136$137,953$137,026
2 years$70,724$69,406$68,130$66,892$65,692$64,757
3 years$46,681$45,358$44,085$42,859$41,678$40,764
4 years$34,662$33,343$32,082$30,877$29,725$28,839
5 years$27,452$26,141$24,897$23,717$22,596$21,741
6 years$22,647$21,346$20,121$18,966$17,880$17,057
7 years$19,217$17,927$16,720$15,593$14,541$13,750
8 years$16,645$15,366$14,180$13,081$12,063$11,304
9 years$14,646$13,379$12,213$11,142$10,159$9,432
10 years$13,047$11,793$10,648$9,604$8,656$7,961
11 years$11,740$10,499$9,374$8,359$7,444$6,780
12 years$10,652$9,423$8,319$7,332$6,451$5,818
13 years$9,732$8,516$7,433$6,473$5,626$5,022
14 years$8,943$7,741$6,678$5,746$4,931$4,357
15 years$8,261$7,071$6,030$5,124$4,342$3,796
16 years$7,665$6,488$5,467$4,588$3,837$3,319
17 years$7,139$5,975$4,975$4,123$3,402$2,911
18 years$6,672$5,521$4,541$3,715$3,025$2,559
19 years$6,255$5,117$4,157$3,357$2,697$2,256
20 years$5,880$4,755$3,815$3,040$2,409$1,992
21 years$5,541$4,429$3,509$2,759$2,155$1,762
22 years$5,233$4,134$3,234$2,509$1,932$1,561
23 years$4,953$3,867$2,986$2,285$1,734$1,384
24 years$4,696$3,623$2,762$2,084$1,559$1,229
25 years$4,460$3,400$2,558$1,903$1,403$1,093
26 years$4,243$3,195$2,372$1,740$1,264$972
27 years$4,042$3,007$2,203$1,593$1,139$866
28 years$3,856$2,834$2,048$1,459$1,028$771
29 years$3,683$2,673$1,906$1,338$928$688
30 years$3,522$2,525$1,775$1,228$839$613
31 years$3,371$2,387$1,655$1,128$758$547
32 years$3,230$2,258$1,544$1,037$686$489
33 years$3,098$2,139$1,442$953$621$437
34 years$2,974$2,027$1,347$877$562$390
35 years$2,858$1,922$1,259$807$509$349
36 years$2,748$1,825$1,178$744$461$312
37 years$2,644$1,733$1,103$685$418$279
38 years$2,546$1,647$1,033$632$379$249
39 years$2,453$1,566$968$582$344$223
40 years$2,365$1,490$907$537$312$200
41 years$2,282$1,418$850$496$283$179
42 years$2,203$1,351$798$457$257$160
43 years$2,127$1,287$748$422$233$143
44 years$2,055$1,227$703$390$211$128
45 years$1,987$1,170$660$360$192$115
46 years$1,922$1,116$620$333$174$103
47 years$1,860$1,065$582$307$158$92
48 years$1,800$1,017$547$284$144$82
49 years$1,743$971$514$262$130$74
50 years$1,689$927$483$242$119$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,730,000, adding $4,058 every year, while hoping to spend $41,319 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: 40/42/18 Blend
68$1,730,000$1,730,000$1,730,000$1,730,000
69$1,910,646$1,818,956$1,792,141$1,976,718
70$2,061,569$1,864,122$1,808,214$2,069,380
71$2,226,501$1,910,116$1,823,442$2,165,272
72$2,406,827$1,956,935$1,837,751$2,268,146
73$2,604,074$2,004,575$1,851,065$2,378,658
74$2,819,920$2,053,029$1,863,306$2,497,530
75$3,056,214$2,102,290$1,874,390$2,625,560
76$3,314,993$2,152,348$1,884,227$2,763,623
77$3,598,500$2,203,190$1,892,726$2,912,686
78$3,909,204$2,254,803$1,899,789$3,073,814
79$4,249,824$2,307,171$1,905,314$3,248,179
80$4,623,358$2,360,273$1,909,193$3,437,073
81$5,033,103$2,414,089$1,911,314$3,641,921
82$5,482,694$2,468,595$1,911,558$3,864,292
83$5,976,135$2,523,761$1,909,801$4,105,914
84$6,517,834$2,579,559$1,905,912$4,368,695
85$7,112,648$2,635,953$1,899,756$4,654,734
86$7,765,928$2,692,905$1,891,188$4,966,346
87$8,483,569$2,750,372$1,880,058$5,306,084
88$9,272,062$2,808,310$1,866,209$5,676,760
89$10,138,562$2,866,666$1,849,477$6,081,474
90$11,090,948$2,925,386$1,829,687$6,523,644
91$12,137,902$2,984,408$1,806,659$7,007,035
92$13,288,990$3,043,665$1,780,204$7,535,799
93$14,554,749$3,103,087$1,750,123$8,114,514
94$15,946,789$3,162,593$1,716,207$8,748,224
95$17,477,902$3,222,101$1,678,241$9,442,490
96$19,162,181$3,281,518$1,635,995$10,203,442
97$21,015,155$3,340,744$1,589,233$11,037,837
98$23,053,934$3,399,673$1,537,705$11,953,123
99$25,297,367$3,458,189$1,481,150$12,957,512
100$27,766,227$3,516,168$1,419,297$14,060,052