Can I retire at age 69 with 1,760,000?

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 $1,760,000?

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$145,339$144,045$142,781$141,549$140,345$137,624
2 years$71,950$70,610$69,311$68,052$66,831$64,101
3 years$47,490$46,144$44,849$43,602$42,400$39,746
4 years$35,263$33,921$32,639$31,413$30,240$27,682
5 years$27,928$26,595$25,329$24,128$22,988$20,533
6 years$23,040$21,716$20,470$19,295$18,190$15,841
7 years$19,550$18,237$17,010$15,864$14,793$12,551
8 years$16,933$15,633$14,426$13,308$12,272$10,137
9 years$14,900$13,611$12,425$11,335$10,335$8,304
10 years$13,273$11,998$10,833$9,771$8,806$6,878
11 years$11,944$10,681$9,537$8,504$7,573$5,746
12 years$10,836$9,586$8,464$7,459$6,563$4,834
13 years$9,900$8,663$7,562$6,585$5,723$4,089
14 years$9,099$7,875$6,794$5,846$5,017$3,475
15 years$8,404$7,194$6,134$5,213$4,417$2,964
16 years$7,797$6,600$5,562$4,668$3,904$2,537
17 years$7,263$6,078$5,061$4,194$3,461$2,177
18 years$6,788$5,617$4,620$3,780$3,078$1,872
19 years$6,363$5,206$4,229$3,415$2,743$1,613
20 years$5,982$4,837$3,881$3,093$2,450$1,392
21 years$5,637$4,506$3,570$2,807$2,193$1,203
22 years$5,324$4,206$3,290$2,552$1,966$1,041
23 years$5,039$3,934$3,038$2,325$1,764$902
24 years$4,777$3,686$2,810$2,120$1,586$782
25 years$4,538$3,459$2,602$1,936$1,427$678
26 years$4,316$3,251$2,414$1,770$1,285$589
27 years$4,112$3,059$2,241$1,620$1,159$511
28 years$3,923$2,883$2,084$1,485$1,046$444
29 years$3,747$2,720$1,939$1,361$944$386
30 years$3,583$2,568$1,806$1,250$853$336
31 years$3,429$2,428$1,684$1,148$771$292
32 years$3,286$2,297$1,571$1,055$698$254
33 years$3,152$2,176$1,467$970$631$221
34 years$3,026$2,062$1,370$892$572$193
35 years$2,907$1,956$1,281$821$518$168
36 years$2,795$1,856$1,199$757$469$146
37 years$2,690$1,763$1,122$697$425$127
38 years$2,590$1,676$1,051$642$386$111
39 years$2,496$1,593$984$592$350$97
40 years$2,406$1,516$923$546$317$84
41 years$2,321$1,443$865$504$288$73
42 years$2,241$1,374$811$465$261$64
43 years$2,164$1,309$761$429$237$56
44 years$2,091$1,248$715$397$215$49
45 years$2,022$1,190$671$366$195$42
46 years$1,955$1,135$630$338$177$37
47 years$1,892$1,083$592$313$161$32
48 years$1,832$1,034$557$289$146$28
49 years$1,774$988$523$267$133$24
50 years$1,718$944$492$247$121$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,760,000, adding $6,514 every year, while hoping to spend $44,682 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: 65/12/23 Blend
68$1,760,000$1,760,000$1,760,000$1,760,000
69$1,946,239$1,852,959$1,825,679$2,060,778
70$2,097,214$1,896,213$1,839,298$2,181,938
71$2,262,091$1,940,088$1,851,876$2,308,672
72$2,442,241$1,984,569$1,863,330$2,446,159
73$2,639,173$2,029,636$1,873,575$2,595,456
74$2,854,548$2,075,268$1,882,519$2,757,731
75$3,090,196$2,121,440$1,890,067$2,934,267
76$3,348,131$2,168,126$1,896,120$3,126,482
77$3,630,572$2,215,296$1,900,572$3,335,934
78$3,939,961$2,262,916$1,903,312$3,564,344
79$4,278,989$2,310,951$1,904,224$3,813,606
80$4,650,618$2,359,359$1,903,187$4,085,809
81$5,058,110$2,408,097$1,900,074$4,383,255
82$5,505,061$2,457,118$1,894,750$4,708,479
83$5,995,428$2,506,367$1,887,075$5,064,277
84$6,533,571$2,555,788$1,876,901$5,453,731
85$7,124,293$2,605,320$1,864,075$5,880,236
86$7,772,884$2,654,893$1,848,434$6,347,535
87$8,485,171$2,704,436$1,829,810$6,859,752
88$9,267,574$2,753,870$1,808,025$7,421,434
89$10,127,166$2,803,108$1,782,893$8,037,593
90$11,071,736$2,852,060$1,754,219$8,713,750
91$12,109,868$2,900,625$1,721,800$9,455,994
92$13,251,017$2,948,698$1,685,422$10,271,033
93$14,505,600$2,996,164$1,644,864$11,166,261
94$15,885,095$3,042,899$1,599,890$12,149,830
95$17,402,145$3,088,773$1,550,257$13,230,722
96$19,070,683$3,133,642$1,495,710$14,418,837
97$20,906,058$3,177,355$1,435,981$15,725,089
98$22,925,181$3,219,751$1,370,792$17,161,504
99$25,146,686$3,260,655$1,299,850$18,741,339
100$27,591,104$3,299,883$1,222,851$20,479,204