Can I retire at age 69 with 1,740,000?

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$143,688$142,408$141,159$139,940$138,750$133,509
2 years$71,132$69,808$68,524$67,279$66,071$60,852
3 years$46,951$45,620$44,339$43,106$41,918$36,885
4 years$34,862$33,536$32,268$31,056$29,897$25,087
5 years$27,611$26,292$25,041$23,854$22,727$18,154
6 years$22,778$21,470$20,237$19,076$17,983$13,650
7 years$19,328$18,030$16,817$15,683$14,625$10,530
8 years$16,741$15,455$14,262$13,156$12,133$8,273
9 years$14,730$13,457$12,284$11,206$10,218$6,587
10 years$13,122$11,861$10,709$9,660$8,706$5,298
11 years$11,808$10,559$9,428$8,407$7,487$4,294
12 years$10,713$9,478$8,367$7,374$6,488$3,502
13 years$9,788$8,565$7,476$6,510$5,658$2,870
14 years$8,995$7,785$6,717$5,779$4,960$2,361
15 years$8,309$7,112$6,065$5,154$4,367$1,949
16 years$7,709$6,525$5,498$4,615$3,860$1,612
17 years$7,180$6,009$5,003$4,146$3,422$1,337
18 years$6,711$5,553$4,567$3,737$3,043$1,110
19 years$6,291$5,146$4,181$3,376$2,712$924
20 years$5,914$4,782$3,837$3,058$2,423$769
21 years$5,573$4,455$3,530$2,775$2,168$641
22 years$5,263$4,158$3,253$2,523$1,943$535
23 years$4,981$3,889$3,004$2,298$1,744$446
24 years$4,723$3,644$2,778$2,096$1,568$373
25 years$4,486$3,419$2,573$1,914$1,411$311
26 years$4,267$3,214$2,386$1,750$1,271$260
27 years$4,065$3,025$2,216$1,602$1,146$218
28 years$3,878$2,850$2,060$1,468$1,034$182
29 years$3,704$2,689$1,917$1,346$934$152
30 years$3,542$2,539$1,786$1,235$843$127
31 years$3,391$2,400$1,665$1,135$763$107
32 years$3,249$2,271$1,553$1,043$690$89
33 years$3,116$2,151$1,450$959$624$75
34 years$2,991$2,039$1,355$882$565$63
35 years$2,874$1,934$1,267$812$512$52
36 years$2,764$1,835$1,185$748$464$44
37 years$2,659$1,743$1,109$689$420$37
38 years$2,561$1,656$1,039$635$381$31
39 years$2,467$1,575$973$586$346$26
40 years$2,379$1,499$912$540$313$22
41 years$2,295$1,427$855$498$284$18
42 years$2,215$1,359$802$460$258$15
43 years$2,139$1,294$753$425$234$13
44 years$2,067$1,234$707$392$213$11
45 years$1,999$1,177$664$362$193$9
46 years$1,933$1,122$623$334$175$7
47 years$1,871$1,071$585$309$159$6
48 years$1,811$1,023$550$286$145$5
49 years$1,754$977$517$264$131$4
50 years$1,699$933$486$244$119$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,740,000, adding $5,250 every year, while hoping to spend $57,082 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: 59/34/7 Blend
68$1,740,000$1,740,000$1,740,000$1,740,000
69$1,922,895$1,830,675$1,803,705$2,033,217
70$2,058,296$1,859,644$1,803,395$2,136,799
71$2,205,594$1,888,118$1,801,160$2,242,715
72$2,365,943$1,916,015$1,796,878$2,356,767
73$2,540,613$1,943,242$1,790,416$2,479,738
74$2,730,999$1,969,705$1,781,639$2,612,493
75$2,938,638$1,995,298$1,770,401$2,755,982
76$3,165,222$2,019,911$1,756,553$2,911,256
77$3,412,614$2,043,426$1,739,937$3,079,473
78$3,682,863$2,065,715$1,720,387$3,261,907
79$3,978,225$2,086,646$1,697,730$3,459,965
80$4,301,185$2,106,072$1,671,785$3,675,199
81$4,654,478$2,123,842$1,642,362$3,909,319
82$5,041,116$2,139,791$1,609,262$4,164,211
83$5,464,415$2,153,747$1,572,278$4,441,953
84$5,928,028$2,165,523$1,531,191$4,744,839
85$6,435,976$2,174,922$1,485,775$5,075,397
86$6,992,688$2,181,736$1,435,791$5,436,415
87$7,603,042$2,185,741$1,380,990$5,830,968
88$8,272,411$2,186,701$1,321,112$6,262,446
89$9,006,713$2,184,365$1,255,885$6,734,587
90$9,812,464$2,178,466$1,185,024$7,251,513
91$10,696,845$2,168,720$1,108,231$7,817,769
92$11,667,763$2,154,827$1,025,197$8,438,369
93$12,733,929$2,136,468$935,596$9,118,839
94$13,904,940$2,113,305$839,089$9,865,273
95$15,191,367$2,084,980$735,321$10,684,392
96$16,604,856$2,051,114$623,924$11,583,605
97$18,158,235$2,011,302$504,509$12,571,082
98$19,865,639$1,965,120$376,674$13,655,833
99$21,742,640$1,912,116$239,998$14,847,789
100$23,806,391$1,851,812$94,040$16,157,904