Can I retire at age 69 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$151,945$150,592$149,272$147,983$146,724$145,434
2 years$75,221$73,820$72,462$71,146$69,869$68,569
3 years$49,649$48,242$46,888$45,584$44,328$43,058
4 years$36,866$35,463$34,122$32,840$31,615$30,385
5 years$29,198$27,803$26,480$25,225$24,033$22,847
6 years$24,087$22,704$21,400$20,172$19,017$17,876
7 years$20,438$19,066$17,783$16,585$15,466$14,371
8 years$17,703$16,343$15,082$13,913$12,830$11,781
9 years$15,577$14,230$12,990$11,850$10,805$9,801
10 years$13,877$12,543$11,325$10,215$9,206$8,247
11 years$12,487$11,166$9,970$8,890$7,918$7,003
12 years$11,329$10,022$8,848$7,798$6,861$5,990
13 years$10,350$9,057$7,905$6,884$5,983$5,154
14 years$9,512$8,233$7,103$6,111$5,245$4,457
15 years$8,786$7,521$6,413$5,450$4,618$3,870
16 years$8,152$6,900$5,814$4,880$4,081$3,372
17 years$7,593$6,355$5,291$4,385$3,619$2,947
18 years$7,096$5,872$4,830$3,951$3,218$2,582
19 years$6,652$5,442$4,422$3,570$2,868$2,268
20 years$6,254$5,057$4,058$3,234$2,562$1,995
21 years$5,893$4,711$3,732$2,935$2,292$1,758
22 years$5,566$4,397$3,440$2,668$2,055$1,552
23 years$5,268$4,113$3,176$2,430$1,845$1,371
24 years$4,995$3,853$2,938$2,216$1,658$1,213
25 years$4,744$3,616$2,721$2,024$1,492$1,074
26 years$4,513$3,398$2,523$1,851$1,344$952
27 years$4,299$3,198$2,343$1,694$1,212$844
28 years$4,101$3,014$2,178$1,552$1,093$749
29 years$3,917$2,843$2,027$1,423$987$665
30 years$3,745$2,685$1,888$1,306$892$591
31 years$3,585$2,538$1,760$1,200$806$525
32 years$3,436$2,402$1,642$1,103$729$467
33 years$3,295$2,274$1,533$1,014$660$416
34 years$3,163$2,156$1,433$933$598$370
35 years$3,039$2,045$1,340$859$541$329
36 years$2,922$1,941$1,253$791$491$293
37 years$2,812$1,843$1,173$729$445$261
38 years$2,708$1,752$1,098$672$403$232
39 years$2,609$1,666$1,029$619$365$207
40 years$2,516$1,585$965$571$332$184
41 years$2,427$1,509$904$527$301$164
42 years$2,343$1,437$848$486$273$146
43 years$2,262$1,369$796$449$248$131
44 years$2,186$1,305$747$415$225$116
45 years$2,114$1,244$702$383$204$104
46 years$2,044$1,187$659$354$185$92
47 years$1,978$1,133$619$327$168$82
48 years$1,915$1,081$582$302$153$73
49 years$1,854$1,033$547$279$139$66
50 years$1,796$986$514$258$126$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,840,000, adding $4,671 every year, while hoping to spend $22,967 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: 58/37/5 Blend
68$1,840,000$1,840,000$1,840,000$1,840,000
69$2,032,498$1,934,978$1,906,458$2,148,250
70$2,215,376$2,005,355$1,945,888$2,296,802
71$2,416,138$2,078,411$1,985,869$2,455,603
72$2,636,584$2,154,253$2,026,395$2,628,096
73$2,878,696$2,232,992$2,067,459$2,815,592
74$3,144,659$2,314,744$2,109,055$3,019,532
75$3,436,878$2,399,631$2,151,173$3,241,499
76$3,758,005$2,487,778$2,193,802$3,483,237
77$4,110,960$2,579,318$2,236,933$3,746,663
78$4,498,959$2,674,386$2,280,552$4,033,885
79$4,925,548$2,773,126$2,324,646$4,347,224
80$5,394,632$2,875,687$2,369,199$4,689,233
81$5,910,513$2,982,224$2,414,195$5,062,721
82$6,477,930$3,092,898$2,459,616$5,470,781
83$7,102,108$3,207,879$2,505,442$5,916,814
84$7,788,799$3,327,341$2,551,651$6,404,565
85$8,544,345$3,451,469$2,598,219$6,938,158
86$9,375,730$3,580,454$2,645,122$7,522,129
87$10,290,653$3,714,494$2,692,332$8,161,476
88$11,297,594$3,853,798$2,739,819$8,861,697
89$12,405,897$3,998,583$2,787,551$9,628,848
90$13,625,860$4,149,075$2,835,496$10,469,597
91$14,968,827$4,305,509$2,883,614$11,391,285
92$16,447,301$4,468,132$2,931,869$12,401,995
93$18,075,056$4,637,201$2,980,217$13,510,631
94$19,867,271$4,812,984$3,028,614$14,726,994
95$21,840,672$4,995,759$3,077,012$16,061,883
96$24,013,689$5,185,819$3,125,359$17,527,186
97$26,406,629$5,383,468$3,173,603$19,136,000
98$29,041,870$5,589,024$3,221,684$20,902,749
99$31,944,072$5,802,817$3,269,541$22,843,317
100$35,140,406$6,025,194$3,317,110$24,975,205