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%18.6%
1 years$146,991$145,681$144,404$143,157$141,940$137,013
2 years$72,768$71,412$70,099$68,826$67,590$62,677
3 years$48,030$46,669$45,359$44,097$42,882$38,137
4 years$35,663$34,307$33,010$31,770$30,584$26,044
5 years$28,246$26,897$25,617$24,402$23,249$18,926
6 years$23,302$21,963$20,702$19,515$18,396$14,293
7 years$19,772$18,445$17,204$16,044$14,961$11,077
8 years$17,126$15,810$14,590$13,459$12,412$8,744
9 years$15,069$13,766$12,566$11,464$10,453$6,996
10 years$13,424$12,134$10,956$9,882$8,906$5,655
11 years$12,079$10,802$9,645$8,600$7,660$4,608
12 years$10,960$9,695$8,560$7,544$6,638$3,778
13 years$10,013$8,762$7,648$6,660$5,788$3,113
14 years$9,202$7,964$6,871$5,912$5,074$2,576
15 years$8,500$7,275$6,204$5,272$4,467$2,138
16 years$7,886$6,675$5,625$4,721$3,948$1,779
17 years$7,345$6,148$5,118$4,242$3,501$1,484
18 years$6,865$5,681$4,672$3,823$3,113$1,240
19 years$6,436$5,265$4,277$3,454$2,774$1,038
20 years$6,050$4,892$3,926$3,128$2,478$869
21 years$5,701$4,557$3,611$2,839$2,218$729
22 years$5,384$4,254$3,328$2,581$1,988$612
23 years$5,096$3,978$3,073$2,351$1,784$514
24 years$4,832$3,728$2,842$2,144$1,604$432
25 years$4,589$3,498$2,632$1,958$1,443$363
26 years$4,366$3,288$2,441$1,790$1,300$306
27 years$4,159$3,094$2,267$1,639$1,172$257
28 years$3,967$2,916$2,107$1,502$1,058$217
29 years$3,789$2,750$1,961$1,377$955$182
30 years$3,623$2,598$1,827$1,264$863$154
31 years$3,468$2,456$1,703$1,161$780$129
32 years$3,324$2,323$1,589$1,067$706$109
33 years$3,188$2,200$1,483$981$639$92
34 years$3,060$2,085$1,386$902$578$77
35 years$2,940$1,978$1,296$831$524$65
36 years$2,827$1,877$1,212$765$475$55
37 years$2,720$1,783$1,135$705$430$46
38 years$2,619$1,695$1,063$650$390$39
39 years$2,524$1,611$995$599$354$33
40 years$2,434$1,533$933$553$321$28
41 years$2,348$1,459$875$510$291$23
42 years$2,266$1,390$821$471$264$20
43 years$2,189$1,324$770$434$240$17
44 years$2,115$1,262$723$401$217$14
45 years$2,045$1,204$679$370$197$12
46 years$1,978$1,148$638$342$179$10
47 years$1,914$1,096$599$316$163$8
48 years$1,852$1,046$563$292$148$7
49 years$1,794$999$529$270$134$6
50 years$1,738$954$497$250$122$5

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 $3,687 every year, while hoping to spend $26,598 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: 50/22/28 Blend
68$1,780,000$1,780,000$1,780,000$1,780,000
69$1,965,363$1,871,023$1,843,433$2,047,892
70$2,137,530$1,934,403$1,876,888$2,169,348
71$2,326,367$1,999,997$1,910,572$2,298,346
72$2,533,545$2,067,886$1,944,465$2,438,042
73$2,760,907$2,138,153$1,978,545$2,589,464
74$3,010,482$2,210,885$2,012,789$2,753,744
75$3,284,504$2,286,171$2,047,170$2,932,126
76$3,585,435$2,364,105$2,081,662$3,125,980
77$3,915,987$2,444,785$2,116,236$3,336,815
78$4,279,149$2,528,309$2,150,860$3,566,291
79$4,678,210$2,614,785$2,185,502$3,816,237
80$5,116,797$2,704,319$2,220,126$4,088,664
81$5,598,904$2,797,024$2,254,694$4,385,789
82$6,128,932$2,893,019$2,289,167$4,710,053
83$6,711,730$2,992,423$2,323,500$5,064,143
84$7,352,639$3,095,364$2,357,650$5,451,018
85$8,057,545$3,201,974$2,391,568$5,873,937
86$8,832,931$3,312,387$2,425,202$6,336,491
87$9,685,943$3,426,747$2,458,499$6,842,632
88$10,624,451$3,545,200$2,491,401$7,396,715
89$11,657,130$3,667,899$2,523,848$8,003,538
90$12,793,534$3,795,003$2,555,774$8,668,383
91$14,044,195$3,926,678$2,587,112$9,397,071
92$15,420,713$4,063,096$2,617,791$10,196,014
93$16,935,872$4,204,434$2,647,733$11,072,275
94$18,603,758$4,350,878$2,676,859$12,033,635
95$20,439,891$4,502,622$2,705,084$13,088,665
96$22,461,375$4,659,865$2,732,319$14,246,810
97$24,687,054$4,822,816$2,758,470$15,518,475
98$27,137,692$4,991,693$2,783,438$16,915,122
99$29,836,171$5,166,720$2,807,117$18,449,380
100$32,807,703$5,348,133$2,829,399$20,135,164