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%13.6%
1 years$151,945$150,592$149,272$147,983$146,724$144,532
2 years$75,221$73,820$72,462$71,146$69,869$67,665
3 years$49,649$48,242$46,888$45,584$44,328$42,181
4 years$36,866$35,463$34,122$32,840$31,615$29,541
5 years$29,198$27,803$26,480$25,225$24,033$22,039
6 years$24,087$22,704$21,400$20,172$19,017$17,105
7 years$20,438$19,066$17,783$16,585$15,466$13,636
8 years$17,703$16,343$15,082$13,913$12,830$11,083
9 years$15,577$14,230$12,990$11,850$10,805$9,140
10 years$13,877$12,543$11,325$10,215$9,206$7,621
11 years$12,487$11,166$9,970$8,890$7,918$6,411
12 years$11,329$10,022$8,848$7,798$6,861$5,432
13 years$10,350$9,057$7,905$6,884$5,983$4,628
14 years$9,512$8,233$7,103$6,111$5,245$3,962
15 years$8,786$7,521$6,413$5,450$4,618$3,406
16 years$8,152$6,900$5,814$4,880$4,081$2,937
17 years$7,593$6,355$5,291$4,385$3,619$2,540
18 years$7,096$5,872$4,830$3,951$3,218$2,202
19 years$6,652$5,442$4,422$3,570$2,868$1,913
20 years$6,254$5,057$4,058$3,234$2,562$1,664
21 years$5,893$4,711$3,732$2,935$2,292$1,450
22 years$5,566$4,397$3,440$2,668$2,055$1,266
23 years$5,268$4,113$3,176$2,430$1,845$1,106
24 years$4,995$3,853$2,938$2,216$1,658$967
25 years$4,744$3,616$2,721$2,024$1,492$846
26 years$4,513$3,398$2,523$1,851$1,344$741
27 years$4,299$3,198$2,343$1,694$1,212$649
28 years$4,101$3,014$2,178$1,552$1,093$569
29 years$3,917$2,843$2,027$1,423$987$499
30 years$3,745$2,685$1,888$1,306$892$438
31 years$3,585$2,538$1,760$1,200$806$385
32 years$3,436$2,402$1,642$1,103$729$338
33 years$3,295$2,274$1,533$1,014$660$297
34 years$3,163$2,156$1,433$933$598$261
35 years$3,039$2,045$1,340$859$541$229
36 years$2,922$1,941$1,253$791$491$202
37 years$2,812$1,843$1,173$729$445$177
38 years$2,708$1,752$1,098$672$403$156
39 years$2,609$1,666$1,029$619$365$137
40 years$2,516$1,585$965$571$332$121
41 years$2,427$1,509$904$527$301$106
42 years$2,343$1,437$848$486$273$93
43 years$2,262$1,369$796$449$248$82
44 years$2,186$1,305$747$415$225$72
45 years$2,114$1,244$702$383$204$64
46 years$2,044$1,187$659$354$185$56
47 years$1,978$1,133$619$327$168$49
48 years$1,915$1,081$582$302$153$43
49 years$1,854$1,033$547$279$139$38
50 years$1,796$986$514$258$126$34

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 $5,215 every year, while hoping to spend $43,988 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: 32/43/25 Blend
68$1,840,000$1,840,000$1,840,000$1,840,000
69$2,033,059$1,935,539$1,907,019$2,082,394
70$2,193,628$1,983,578$1,924,102$2,168,339
71$2,369,101$2,032,496$1,940,282$2,256,555
72$2,560,952$2,082,290$1,955,483$2,350,692
73$2,770,802$2,132,956$1,969,625$2,451,299
74$3,000,440$2,184,486$1,982,623$2,558,981
75$3,251,831$2,236,872$1,994,388$2,674,405
76$3,527,142$2,290,104$2,004,824$2,798,305
77$3,828,760$2,344,168$2,013,835$2,931,493
78$4,159,311$2,399,050$2,021,316$3,074,860
79$4,521,688$2,454,731$2,027,157$3,229,392
80$4,919,079$2,511,191$2,031,246$3,396,173
81$5,354,993$2,568,408$2,033,461$3,576,399
82$5,833,297$2,626,355$2,033,677$3,771,391
83$6,358,250$2,685,002$2,031,761$3,982,602
84$6,934,540$2,744,316$2,027,574$4,211,635
85$7,567,337$2,804,261$2,020,971$4,460,259
86$8,262,331$2,864,796$2,011,800$4,730,423
87$9,025,793$2,925,875$1,999,899$5,024,277
88$9,864,631$2,987,450$1,985,102$5,344,191
89$10,786,453$3,049,465$1,967,233$5,692,779
90$11,799,643$3,111,861$1,946,108$6,072,922
91$12,913,438$3,174,573$1,921,533$6,487,799
92$14,138,012$3,237,530$1,893,308$6,940,914
93$15,484,575$3,300,656$1,861,220$7,436,130
94$16,965,480$3,363,866$1,825,049$7,977,709
95$18,594,333$3,427,069$1,784,562$8,570,350
96$20,386,128$3,490,169$1,739,518$9,219,231
97$22,357,384$3,553,058$1,689,663$9,930,066
98$24,526,303$3,615,623$1,634,732$10,709,153
99$26,912,937$3,677,740$1,574,447$11,563,437
100$29,539,384$3,739,277$1,508,519$12,500,576