Can I retire at age 69 with 1,780,000?

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 $1,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$146,991$145,681$144,404$143,157$141,940$141,045
2 years$72,768$71,412$70,099$68,826$67,590$66,688
3 years$48,030$46,669$45,359$44,097$42,882$42,000
4 years$35,663$34,307$33,010$31,770$30,584$29,729
5 years$28,246$26,897$25,617$24,402$23,249$22,424
6 years$23,302$21,963$20,702$19,515$18,396$17,601
7 years$19,772$18,445$17,204$16,044$14,961$14,197
8 years$17,126$15,810$14,590$13,459$12,412$11,678
9 years$15,069$13,766$12,566$11,464$10,453$9,750
10 years$13,424$12,134$10,956$9,882$8,906$8,234
11 years$12,079$10,802$9,645$8,600$7,660$7,017
12 years$10,960$9,695$8,560$7,544$6,638$6,025
13 years$10,013$8,762$7,648$6,660$5,788$5,204
14 years$9,202$7,964$6,871$5,912$5,074$4,518
15 years$8,500$7,275$6,204$5,272$4,467$3,939
16 years$7,886$6,675$5,625$4,721$3,948$3,446
17 years$7,345$6,148$5,118$4,242$3,501$3,024
18 years$6,865$5,681$4,672$3,823$3,113$2,661
19 years$6,436$5,265$4,277$3,454$2,774$2,347
20 years$6,050$4,892$3,926$3,128$2,478$2,074
21 years$5,701$4,557$3,611$2,839$2,218$1,836
22 years$5,384$4,254$3,328$2,581$1,988$1,628
23 years$5,096$3,978$3,073$2,351$1,784$1,445
24 years$4,832$3,728$2,842$2,144$1,604$1,284
25 years$4,589$3,498$2,632$1,958$1,443$1,142
26 years$4,366$3,288$2,441$1,790$1,300$1,017
27 years$4,159$3,094$2,267$1,639$1,172$906
28 years$3,967$2,916$2,107$1,502$1,058$808
29 years$3,789$2,750$1,961$1,377$955$721
30 years$3,623$2,598$1,827$1,264$863$644
31 years$3,468$2,456$1,703$1,161$780$575
32 years$3,324$2,323$1,589$1,067$706$514
33 years$3,188$2,200$1,483$981$639$459
34 years$3,060$2,085$1,386$902$578$411
35 years$2,940$1,978$1,296$831$524$367
36 years$2,827$1,877$1,212$765$475$329
37 years$2,720$1,783$1,135$705$430$294
38 years$2,619$1,695$1,063$650$390$263
39 years$2,524$1,611$995$599$354$236
40 years$2,434$1,533$933$553$321$211
41 years$2,348$1,459$875$510$291$189
42 years$2,266$1,390$821$471$264$169
43 years$2,189$1,324$770$434$240$152
44 years$2,115$1,262$723$401$217$136
45 years$2,045$1,204$679$370$197$122
46 years$1,978$1,148$638$342$179$109
47 years$1,914$1,096$599$316$163$98
48 years$1,852$1,046$563$292$148$88
49 years$1,794$999$529$270$134$79
50 years$1,738$954$497$250$122$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,780,000, adding $2,358 every year, while hoping to spend $49,453 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: 42/37/21 Blend
68$1,780,000$1,780,000$1,780,000$1,780,000
69$1,963,992$1,869,652$1,842,062$2,034,309
70$2,111,702$1,908,648$1,851,154$2,123,527
71$2,272,820$1,947,896$1,858,892$2,215,125
72$2,448,663$1,987,358$1,865,181$2,313,309
73$2,640,679$2,026,991$1,869,916$2,418,712
74$2,850,461$2,066,746$1,872,991$2,532,029
75$3,079,764$2,106,573$1,874,292$2,654,028
76$3,330,521$2,146,416$1,873,702$2,785,556
77$3,604,858$2,186,215$1,871,095$2,927,547
78$3,905,119$2,225,904$1,866,342$3,081,033
79$4,233,882$2,265,414$1,859,305$3,247,150
80$4,593,988$2,304,669$1,849,842$3,427,152
81$4,988,564$2,343,588$1,837,801$3,622,424
82$5,421,056$2,382,082$1,823,026$3,834,491
83$5,895,257$2,420,057$1,805,351$4,065,037
84$6,415,346$2,457,413$1,784,603$4,315,920
85$6,985,926$2,494,041$1,760,601$4,589,188
86$7,612,065$2,529,824$1,733,157$4,887,102
87$8,299,349$2,564,638$1,702,070$5,212,155
88$9,053,927$2,598,350$1,667,134$5,567,097
89$9,882,575$2,630,817$1,628,131$5,954,962
90$10,792,758$2,661,887$1,584,834$6,379,097
91$11,792,698$2,691,398$1,537,004$6,843,191
92$12,891,452$2,719,176$1,484,392$7,351,318
93$14,099,000$2,745,035$1,426,740$7,907,967
94$15,426,336$2,768,779$1,363,773$8,518,091
95$16,885,571$2,790,198$1,295,208$9,187,152
96$18,490,048$2,809,067$1,220,747$9,921,177
97$20,254,471$2,825,149$1,140,079$10,726,808
98$22,195,035$2,838,189$1,052,880$11,611,375
99$24,329,586$2,847,919$958,810$12,582,960
100$26,677,788$2,854,051$857,514$13,650,474