Can I retire at age 69 with 1,830,000?

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$151,120$149,774$148,460$147,178$145,927$145,129
2 years$74,812$73,418$72,068$70,759$69,489$68,684
3 years$49,379$47,980$46,633$45,336$44,087$43,299
4 years$36,665$35,270$33,937$32,662$31,443$30,679
5 years$29,039$27,652$26,336$25,088$23,902$23,165
6 years$23,956$22,580$21,284$20,063$18,913$18,202
7 years$20,327$18,963$17,687$16,495$15,381$14,698
8 years$17,607$16,255$15,000$13,837$12,760$12,104
9 years$15,492$14,153$12,919$11,786$10,746$10,117
10 years$13,801$12,475$11,263$10,160$9,156$8,554
11 years$12,419$11,106$9,916$8,842$7,875$7,299
12 years$11,267$9,968$8,800$7,756$6,824$6,275
13 years$10,294$9,008$7,862$6,847$5,951$5,427
14 years$9,460$8,188$7,064$6,078$5,216$4,717
15 years$8,739$7,480$6,378$5,421$4,593$4,118
16 years$8,108$6,863$5,783$4,853$4,059$3,608
17 years$7,551$6,320$5,262$4,361$3,599$3,171
18 years$7,058$5,840$4,804$3,930$3,200$2,794
19 years$6,616$5,413$4,398$3,551$2,852$2,468
20 years$6,220$5,030$4,036$3,216$2,548$2,184
21 years$5,861$4,685$3,712$2,919$2,280$1,936
22 years$5,536$4,373$3,421$2,654$2,044$1,719
23 years$5,239$4,090$3,159$2,417$1,835$1,528
24 years$4,967$3,832$2,922$2,204$1,649$1,360
25 years$4,718$3,596$2,706$2,013$1,484$1,212
26 years$4,488$3,380$2,510$1,841$1,337$1,081
27 years$4,276$3,181$2,330$1,685$1,205$964
28 years$4,079$2,997$2,166$1,544$1,087$861
29 years$3,896$2,828$2,016$1,416$982$770
30 years$3,725$2,670$1,878$1,299$887$688
31 years$3,566$2,524$1,751$1,193$802$616
32 years$3,417$2,389$1,633$1,097$726$551
33 years$3,277$2,262$1,525$1,008$657$494
34 years$3,146$2,144$1,425$928$594$442
35 years$3,023$2,034$1,332$854$538$396
36 years$2,906$1,930$1,246$787$488$355
37 years$2,797$1,833$1,167$725$442$318
38 years$2,693$1,742$1,092$668$401$285
39 years$2,595$1,657$1,023$616$364$256
40 years$2,502$1,576$959$568$330$230
41 years$2,414$1,500$899$524$299$206
42 years$2,330$1,429$844$484$271$185
43 years$2,250$1,361$792$447$246$166
44 years$2,174$1,298$743$412$224$149
45 years$2,102$1,237$698$381$203$134
46 years$2,033$1,181$655$352$184$120
47 years$1,967$1,127$616$325$167$108
48 years$1,904$1,075$579$300$152$97
49 years$1,844$1,027$544$278$138$87
50 years$1,787$981$511$257$125$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,830,000, adding $4,927 every year, while hoping to spend $54,775 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: 56/39/5 Blend
68$1,830,000$1,830,000$1,830,000$1,830,000
69$2,021,742$1,924,752$1,896,387$2,132,693
70$2,169,680$1,960,785$1,901,636$2,243,937
71$2,330,871$1,996,747$1,905,225$2,358,452
72$2,506,610$2,032,578$1,907,040$2,481,805
73$2,698,322$2,068,212$1,906,963$2,614,840
74$2,907,573$2,103,576$1,904,869$2,758,489
75$3,136,089$2,138,595$1,900,626$2,913,781
76$3,385,770$2,173,187$1,894,097$3,081,845
77$3,658,707$2,207,262$1,885,138$3,263,930
78$3,957,203$2,240,725$1,873,598$3,461,410
79$4,283,793$2,273,476$1,859,318$3,675,799
80$4,641,268$2,305,405$1,842,134$3,908,767
81$5,032,703$2,336,394$1,821,870$4,162,155
82$5,461,481$2,366,320$1,798,345$4,437,991
83$5,931,331$2,395,049$1,771,369$4,738,512
84$6,446,358$2,422,438$1,740,741$5,066,182
85$7,011,084$2,448,335$1,706,254$5,423,719
86$7,630,489$2,472,578$1,667,687$5,814,119
87$8,310,058$2,494,993$1,624,814$6,240,684
88$9,055,833$2,515,396$1,577,394$6,707,056
89$9,874,468$2,533,591$1,525,177$7,217,247
90$10,773,295$2,549,368$1,467,901$7,775,684
91$11,760,388$2,562,504$1,405,293$8,387,243
92$12,844,644$2,572,763$1,337,066$9,057,305
93$14,035,861$2,579,892$1,262,922$9,791,798
94$15,344,837$2,583,624$1,182,548$10,597,258
95$16,783,463$2,583,675$1,095,616$11,480,893
96$18,364,843$2,579,742$1,001,786$12,450,647
97$20,103,412$2,571,504$900,701$13,515,279
98$22,015,074$2,558,622$791,988$14,684,446
99$24,117,350$2,540,733$675,258$15,968,793
100$26,429,546$2,517,455$550,106$17,380,056