Can I retire at age 69 with 1,820,000?

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$150,294$148,955$147,649$146,374$145,129$143,256
2 years$74,403$73,017$71,674$70,372$69,109$67,225
3 years$49,109$47,718$46,378$45,088$43,846$42,009
4 years$36,465$35,077$33,751$32,483$31,271$29,495
5 years$28,880$27,501$26,192$24,950$23,772$22,063
6 years$23,825$22,457$21,167$19,953$18,810$17,169
7 years$20,216$18,859$17,590$16,405$15,297$13,726
8 years$17,511$16,166$14,918$13,761$12,691$11,188
9 years$15,407$14,075$12,849$11,722$10,687$9,254
10 years$13,726$12,407$11,202$10,104$9,106$7,740
11 years$12,351$11,045$9,862$8,794$7,832$6,531
12 years$11,206$9,913$8,752$7,713$6,787$5,551
13 years$10,238$8,959$7,820$6,810$5,918$4,745
14 years$9,409$8,143$7,026$6,045$5,188$4,076
15 years$8,691$7,439$6,343$5,391$4,568$3,516
16 years$8,063$6,825$5,751$4,827$4,037$3,043
17 years$7,510$6,286$5,233$4,337$3,579$2,641
18 years$7,019$5,808$4,777$3,908$3,183$2,297
19 years$6,580$5,383$4,373$3,532$2,837$2,003
20 years$6,186$5,002$4,014$3,199$2,534$1,749
21 years$5,829$4,659$3,692$2,903$2,268$1,530
22 years$5,505$4,349$3,403$2,639$2,033$1,340
23 years$5,210$4,068$3,142$2,404$1,825$1,175
24 years$4,940$3,811$2,906$2,192$1,640$1,032
25 years$4,692$3,577$2,691$2,002$1,476$906
26 years$4,464$3,362$2,496$1,831$1,329$797
27 years$4,252$3,164$2,318$1,676$1,198$701
28 years$4,056$2,981$2,155$1,535$1,081$617
29 years$3,874$2,812$2,005$1,408$976$544
30 years$3,705$2,656$1,868$1,292$882$479
31 years$3,546$2,511$1,741$1,187$798$422
32 years$3,398$2,376$1,624$1,091$722$372
33 years$3,259$2,250$1,517$1,003$653$329
34 years$3,129$2,132$1,417$923$591$290
35 years$3,006$2,022$1,325$849$535$256
36 years$2,891$1,920$1,239$782$485$226
37 years$2,781$1,823$1,160$721$440$199
38 years$2,678$1,733$1,086$664$399$176
39 years$2,581$1,648$1,018$613$362$156
40 years$2,488$1,568$954$565$328$137
41 years$2,400$1,492$895$521$297$121
42 years$2,317$1,421$839$481$270$107
43 years$2,238$1,354$787$444$245$95
44 years$2,162$1,291$739$410$222$84
45 years$2,091$1,231$694$379$202$74
46 years$2,022$1,174$652$350$183$65
47 years$1,957$1,120$612$323$166$58
48 years$1,894$1,070$575$299$151$51
49 years$1,834$1,021$541$276$137$45
50 years$1,777$976$509$255$125$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,820,000, adding $4,251 every year, while hoping to spend $23,790 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: 52/34/14 Blend
68$1,820,000$1,820,000$1,820,000$1,820,000
69$2,010,025$1,913,565$1,885,355$2,106,783
70$2,189,735$1,982,017$1,923,202$2,241,863
71$2,386,978$2,053,026$1,961,519$2,385,821
72$2,603,518$2,126,692$2,000,298$2,541,853
73$2,841,296$2,203,120$2,039,528$2,711,107
74$3,102,453$2,282,417$2,079,196$2,894,847
75$3,389,345$2,364,697$2,119,291$3,094,462
76$3,704,569$2,450,078$2,159,798$3,311,480
77$4,050,985$2,538,682$2,200,701$3,547,582
78$4,431,745$2,630,637$2,241,984$3,804,616
79$4,850,320$2,726,076$2,283,629$4,084,617
80$5,310,537$2,825,137$2,325,614$4,389,824
81$5,816,608$2,927,965$2,367,918$4,722,700
82$6,373,177$3,034,711$2,410,518$5,085,955
83$6,985,359$3,145,529$2,453,389$5,482,573
84$7,658,790$3,260,585$2,496,502$5,915,839
85$8,399,680$3,380,048$2,539,829$6,389,367
86$9,214,872$3,504,094$2,583,337$6,907,136
87$10,111,904$3,632,909$2,626,993$7,473,529
88$11,099,081$3,766,686$2,670,761$8,093,367
89$12,185,558$3,905,623$2,714,602$8,771,962
90$13,381,418$4,049,932$2,758,474$9,515,161
91$14,697,773$4,199,829$2,802,333$10,329,404
92$16,146,866$4,355,541$2,846,132$11,221,780
93$17,742,190$4,517,306$2,889,821$12,200,098
94$19,498,610$4,685,371$2,933,347$13,272,957
95$21,432,506$4,859,992$2,976,651$14,449,828
96$23,561,928$5,041,438$3,019,676$15,741,141
97$25,906,765$5,229,989$3,062,356$17,158,383
98$28,488,934$5,425,937$3,104,623$18,714,209
99$31,332,584$5,629,586$3,146,407$20,422,554
100$34,464,326$5,841,254$3,187,630$22,298,772