Can I retire at age 69 with 1,770,000?

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$146,165$144,863$143,593$142,353$141,142$139,263
2 years$72,359$71,011$69,705$68,439$67,211$65,320
3 years$47,760$46,407$45,104$43,849$42,641$40,799
4 years$35,463$34,114$32,824$31,591$30,412$28,631
5 years$28,087$26,746$25,473$24,265$23,119$21,405
6 years$23,171$21,840$20,586$19,405$18,293$16,649
7 years$19,661$18,341$17,107$15,954$14,877$13,302
8 years$17,030$15,722$14,508$13,383$12,342$10,837
9 years$14,984$13,689$12,496$11,400$10,394$8,957
10 years$13,349$12,066$10,894$9,827$8,856$7,487
11 years$12,012$10,741$9,591$8,552$7,616$6,314
12 years$10,898$9,641$8,512$7,501$6,600$5,363
13 years$9,957$8,713$7,605$6,623$5,756$4,582
14 years$9,150$7,920$6,833$5,879$5,045$3,933
15 years$8,452$7,235$6,169$5,243$4,442$3,390
16 years$7,842$6,638$5,593$4,694$3,926$2,932
17 years$7,304$6,113$5,090$4,218$3,481$2,543
18 years$6,826$5,649$4,646$3,801$3,095$2,210
19 years$6,399$5,235$4,253$3,435$2,759$1,926
20 years$6,016$4,865$3,904$3,111$2,464$1,681
21 years$5,669$4,531$3,590$2,823$2,205$1,469
22 years$5,354$4,230$3,309$2,567$1,977$1,286
23 years$5,067$3,956$3,055$2,338$1,774$1,127
24 years$4,805$3,707$2,826$2,132$1,595$988
25 years$4,563$3,478$2,617$1,947$1,435$868
26 years$4,341$3,269$2,427$1,780$1,293$762
27 years$4,135$3,077$2,254$1,630$1,166$670
28 years$3,945$2,899$2,095$1,493$1,052$589
29 years$3,768$2,735$1,950$1,369$950$519
30 years$3,603$2,583$1,816$1,257$858$457
31 years$3,449$2,442$1,693$1,154$776$402
32 years$3,305$2,310$1,580$1,061$702$355
33 years$3,170$2,188$1,475$975$635$312
34 years$3,043$2,074$1,378$897$575$275
35 years$2,924$1,967$1,289$826$521$243
36 years$2,811$1,867$1,205$761$472$214
37 years$2,705$1,773$1,128$701$428$189
38 years$2,605$1,685$1,057$646$388$167
39 years$2,510$1,602$990$596$352$147
40 years$2,420$1,524$928$550$319$130
41 years$2,335$1,451$870$507$289$115
42 years$2,253$1,382$816$468$263$101
43 years$2,176$1,317$766$432$238$89
44 years$2,103$1,255$719$399$216$79
45 years$2,033$1,197$675$368$196$70
46 years$1,966$1,142$634$340$178$62
47 years$1,903$1,090$596$314$162$54
48 years$1,842$1,040$560$290$147$48
49 years$1,784$993$526$268$134$42
50 years$1,728$949$495$248$121$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,770,000, adding $4,231 every year, while hoping to spend $51,847 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: 51/19/30 Blend
68$1,770,000$1,770,000$1,770,000$1,770,000
69$1,954,904$1,861,094$1,833,659$2,037,845
70$2,099,140$1,897,123$1,839,922$2,132,280
71$2,256,349$1,933,180$1,844,657$2,229,413
72$2,427,802$1,969,210$1,847,758$2,334,044
73$2,614,894$2,005,158$1,849,114$2,446,910
74$2,819,162$2,040,960$1,848,608$2,568,828
75$3,042,299$2,076,549$1,846,119$2,700,697
76$3,286,166$2,111,852$1,841,516$2,843,509
77$3,552,815$2,146,793$1,834,667$2,998,361
78$3,844,502$2,181,286$1,825,429$3,166,460
79$4,163,715$2,215,243$1,813,654$3,349,140
80$4,513,190$2,248,566$1,799,188$3,547,872
81$4,895,942$2,281,152$1,781,867$3,764,281
82$5,315,291$2,312,891$1,761,523$4,000,155
83$5,774,892$2,343,664$1,737,975$4,257,473
84$6,278,772$2,373,345$1,711,038$4,538,413
85$6,831,365$2,401,797$1,680,516$4,845,380
86$7,437,556$2,428,876$1,646,205$5,181,028
87$8,102,724$2,454,429$1,607,890$5,548,282
88$8,832,795$2,478,289$1,565,347$5,950,372
89$9,634,296$2,500,281$1,518,342$6,390,858
90$10,514,418$2,520,219$1,466,631$6,873,669
91$11,481,081$2,537,902$1,409,955$7,403,136
92$12,543,011$2,553,119$1,348,049$7,984,038
93$13,709,820$2,565,643$1,280,630$8,621,646
94$14,992,097$2,575,235$1,207,407$9,321,774
95$16,401,509$2,581,640$1,128,072$10,090,831
96$17,950,907$2,584,584$1,042,307$10,935,889
97$19,654,452$2,583,782$949,777$11,864,744
98$21,527,744$2,578,925$850,133$12,885,995
99$23,587,971$2,569,689$743,009$14,009,125
100$25,854,069$2,555,729$628,025$15,244,590