Can I retire at age 69 with 1,790,000?

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 $1,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$147,817$146,500$145,215$143,961$142,737$141,423
2 years$73,176$71,814$70,493$69,212$67,970$66,646
3 years$48,300$46,931$45,614$44,345$43,123$41,830
4 years$35,864$34,499$33,195$31,948$30,756$29,504
5 years$28,404$27,048$25,761$24,539$23,380$22,173
6 years$23,433$22,087$20,818$19,624$18,500$17,339
7 years$19,883$18,548$17,300$16,134$15,045$13,931
8 years$17,222$15,899$14,672$13,534$12,482$11,414
9 years$15,153$13,843$12,637$11,528$10,511$9,491
10 years$13,500$12,202$11,017$9,938$8,956$7,981
11 years$12,147$10,863$9,699$8,649$7,703$6,773
12 years$11,021$9,750$8,608$7,586$6,675$5,789
13 years$10,069$8,811$7,691$6,697$5,821$4,978
14 years$9,254$8,009$6,910$5,945$5,102$4,302
15 years$8,548$7,316$6,239$5,302$4,492$3,733
16 years$7,930$6,713$5,656$4,747$3,970$3,251
17 years$7,386$6,182$5,147$4,265$3,520$2,839
18 years$6,903$5,713$4,699$3,844$3,130$2,486
19 years$6,472$5,294$4,301$3,473$2,790$2,181
20 years$6,084$4,920$3,948$3,146$2,492$1,918
21 years$5,733$4,583$3,631$2,855$2,230$1,689
22 years$5,415$4,278$3,347$2,596$1,999$1,489
23 years$5,125$4,001$3,090$2,364$1,794$1,315
24 years$4,859$3,748$2,858$2,156$1,613$1,162
25 years$4,615$3,518$2,647$1,969$1,451$1,029
26 years$4,390$3,306$2,455$1,801$1,307$911
27 years$4,182$3,111$2,279$1,648$1,179$807
28 years$3,990$2,932$2,119$1,510$1,064$716
29 years$3,810$2,766$1,972$1,385$960$635
30 years$3,644$2,612$1,837$1,271$868$564
31 years$3,488$2,469$1,712$1,167$785$501
32 years$3,342$2,336$1,598$1,073$710$445
33 years$3,206$2,213$1,492$986$642$395
34 years$3,077$2,097$1,394$908$581$351
35 years$2,957$1,989$1,303$835$527$313
36 years$2,843$1,888$1,219$769$477$278
37 years$2,736$1,793$1,141$709$432$247
38 years$2,634$1,704$1,069$653$392$220
39 years$2,538$1,620$1,001$602$356$196
40 years$2,447$1,542$938$556$323$174
41 years$2,361$1,468$880$513$293$155
42 years$2,279$1,398$825$473$265$138
43 years$2,201$1,332$774$437$241$123
44 years$2,127$1,269$727$403$219$110
45 years$2,056$1,210$683$372$199$98
46 years$1,989$1,155$641$344$180$87
47 years$1,924$1,102$602$318$164$77
48 years$1,863$1,052$566$294$149$69
49 years$1,804$1,005$532$271$135$61
50 years$1,748$960$500$251$123$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,790,000, adding $5,689 every year, while hoping to spend $32,586 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: 22/50/28 Blend
68$1,790,000$1,790,000$1,790,000$1,790,000
69$1,978,448$1,883,578$1,855,833$2,004,302
70$2,145,579$1,941,202$1,883,332$2,085,286
71$2,328,664$2,000,558$1,910,661$2,168,775
72$2,529,298$2,061,695$1,937,778$2,257,394
73$2,749,235$2,124,666$1,964,641$2,351,583
74$2,990,406$2,189,524$1,991,206$2,451,825
75$3,254,940$2,256,324$2,017,425$2,558,652
76$3,545,182$2,325,122$2,043,246$2,672,647
77$3,863,712$2,395,975$2,068,617$2,794,450
78$4,213,376$2,468,943$2,093,481$2,924,765
79$4,597,306$2,544,086$2,117,778$3,064,368
80$5,018,953$2,621,468$2,141,445$3,214,109
81$5,482,119$2,701,153$2,164,416$3,374,925
82$5,990,991$2,783,205$2,186,620$3,547,844
83$6,550,184$2,867,694$2,207,984$3,734,001
84$7,164,780$2,954,688$2,228,428$3,934,640
85$7,840,379$3,044,259$2,247,872$4,151,134
86$8,583,150$3,136,480$2,266,228$4,384,991
87$9,399,889$3,231,426$2,283,405$4,637,872
88$10,298,086$3,329,174$2,299,307$4,911,605
89$11,285,990$3,429,802$2,313,833$5,208,204
90$12,372,691$3,533,393$2,326,877$5,529,883
91$13,568,205$3,640,029$2,338,327$5,879,081
92$14,883,567$3,749,796$2,348,066$6,258,486
93$16,330,935$3,862,780$2,355,970$6,671,056
94$17,923,706$3,979,072$2,361,911$7,120,047
95$19,676,641$4,098,763$2,365,751$7,609,047
96$21,606,003$4,221,947$2,367,349$8,142,007
97$23,729,714$4,348,721$2,366,554$8,723,281
98$26,067,521$4,479,184$2,363,209$9,357,661
99$28,641,181$4,613,437$2,357,149$10,050,427
100$31,474,670$4,751,584$2,348,202$10,807,399