Can I retire at age 69 with 1,800,000?

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 $1,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$148,642$147,318$146,027$144,766$143,535$139,107
2 years$73,585$72,215$70,887$69,599$68,350$63,928
3 years$48,570$47,193$45,868$44,593$43,364$39,086
4 years$36,064$34,692$33,380$32,127$30,928$26,827
5 years$28,563$27,199$25,905$24,676$23,511$19,598
6 years$23,564$22,210$20,935$19,734$18,603$14,882
7 years$19,994$18,652$17,397$16,224$15,129$11,600
8 years$17,318$15,988$14,754$13,610$12,551$9,211
9 years$15,238$13,921$12,708$11,593$10,570$7,415
10 years$13,575$12,270$11,079$9,993$9,006$6,032
11 years$12,215$10,924$9,754$8,697$7,746$4,947
12 years$11,083$9,804$8,656$7,628$6,712$4,083
13 years$10,125$8,860$7,734$6,735$5,853$3,387
14 years$9,305$8,054$6,949$5,978$5,131$2,822
15 years$8,595$7,357$6,274$5,332$4,518$2,359
16 years$7,975$6,750$5,688$4,774$3,993$1,977
17 years$7,428$6,217$5,176$4,289$3,540$1,661
18 years$6,942$5,744$4,725$3,866$3,148$1,398
19 years$6,508$5,324$4,325$3,493$2,806$1,179
20 years$6,118$4,947$3,970$3,163$2,506$995
21 years$5,765$4,608$3,651$2,871$2,243$841
22 years$5,445$4,302$3,365$2,610$2,010$712
23 years$5,153$4,023$3,107$2,377$1,804$603
24 years$4,886$3,769$2,874$2,168$1,622$511
25 years$4,641$3,537$2,662$1,980$1,459$433
26 years$4,415$3,325$2,468$1,811$1,315$367
27 years$4,206$3,129$2,292$1,657$1,185$311
28 years$4,012$2,948$2,131$1,518$1,069$264
29 years$3,832$2,781$1,983$1,392$966$224
30 years$3,664$2,627$1,847$1,278$873$191
31 years$3,507$2,483$1,722$1,174$789$162
32 years$3,361$2,350$1,607$1,079$714$137
33 years$3,224$2,225$1,500$992$646$117
34 years$3,095$2,109$1,402$913$585$99
35 years$2,973$2,000$1,310$840$530$84
36 years$2,859$1,898$1,226$774$480$72
37 years$2,751$1,803$1,147$713$435$61
38 years$2,649$1,714$1,074$657$394$52
39 years$2,552$1,629$1,007$606$358$44
40 years$2,461$1,550$944$559$324$37
41 years$2,374$1,476$885$516$294$32
42 years$2,292$1,405$830$476$267$27
43 years$2,213$1,339$779$439$242$23
44 years$2,139$1,276$731$406$220$20
45 years$2,068$1,217$686$375$200$17
46 years$2,000$1,161$645$346$181$14
47 years$1,935$1,108$606$320$165$12
48 years$1,873$1,058$569$295$149$10
49 years$1,814$1,010$535$273$136$9
50 years$1,757$965$503$252$123$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,800,000, adding $3,506 every year, while hoping to spend $48,566 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: 80/7/13 Blend
68$1,800,000$1,800,000$1,800,000$1,800,000
69$1,987,216$1,891,816$1,863,916$2,140,949
70$2,138,239$1,932,842$1,874,684$2,283,492
71$2,303,037$1,974,249$1,884,184$2,433,241
72$2,482,967$2,016,007$1,892,324$2,596,176
73$2,679,517$2,058,079$1,899,004$2,773,597
74$2,894,329$2,100,426$1,904,122$2,966,932
75$3,129,209$2,143,005$1,907,568$3,177,756
76$3,386,145$2,185,770$1,909,229$3,407,805
77$3,667,329$2,228,670$1,908,986$3,658,989
78$3,975,171$2,271,649$1,906,711$3,933,414
79$4,312,327$2,314,648$1,902,275$4,233,399
80$4,681,721$2,357,603$1,895,537$4,561,498
81$5,086,574$2,400,442$1,886,355$4,920,526
82$5,530,432$2,443,092$1,874,575$5,313,585
83$6,017,202$2,485,469$1,860,040$5,744,092
84$6,551,187$2,527,487$1,842,581$6,215,810
85$7,137,125$2,569,051$1,822,025$6,732,888
86$7,780,237$2,610,060$1,798,188$7,299,896
87$8,486,273$2,650,404$1,770,879$7,921,869
88$9,261,567$2,689,968$1,739,897$8,604,357
89$10,113,096$2,728,626$1,705,033$9,353,474
90$11,048,547$2,766,243$1,666,066$10,175,957
91$12,076,387$2,802,678$1,622,768$11,079,229
92$13,205,944$2,837,775$1,574,897$12,071,472
93$14,447,497$2,871,372$1,522,202$13,161,700
94$15,812,366$2,903,294$1,464,420$14,359,845
95$17,313,025$2,933,353$1,401,276$15,676,856
96$18,963,217$2,961,350$1,332,482$17,124,794
97$20,778,082$2,987,074$1,257,738$18,716,953
98$22,774,304$3,010,298$1,176,729$20,467,979
99$24,970,261$3,030,781$1,089,128$22,394,016
100$27,386,204$3,048,266$994,590$24,512,852