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%16.4%
1 years$151,945$150,592$149,272$147,983$146,724$142,887
2 years$75,221$73,820$72,462$71,146$69,869$66,029
3 years$49,649$48,242$46,888$45,584$44,328$40,606
4 years$36,866$35,463$34,122$32,840$31,615$28,039
5 years$29,198$27,803$26,480$25,225$24,033$20,613
6 years$24,087$22,704$21,400$20,172$19,017$15,756
7 years$20,438$19,066$17,783$16,585$15,466$12,365
8 years$17,703$16,343$15,082$13,913$12,830$9,888
9 years$15,577$14,230$12,990$11,850$10,805$8,018
10 years$13,877$12,543$11,325$10,215$9,206$6,571
11 years$12,487$11,166$9,970$8,890$7,918$5,431
12 years$11,329$10,022$8,848$7,798$6,861$4,518
13 years$10,350$9,057$7,905$6,884$5,983$3,779
14 years$9,512$8,233$7,103$6,111$5,245$3,174
15 years$8,786$7,521$6,413$5,450$4,618$2,676
16 years$8,152$6,900$5,814$4,880$4,081$2,263
17 years$7,593$6,355$5,291$4,385$3,619$1,918
18 years$7,096$5,872$4,830$3,951$3,218$1,629
19 years$6,652$5,442$4,422$3,570$2,868$1,386
20 years$6,254$5,057$4,058$3,234$2,562$1,181
21 years$5,893$4,711$3,732$2,935$2,292$1,007
22 years$5,566$4,397$3,440$2,668$2,055$860
23 years$5,268$4,113$3,176$2,430$1,845$735
24 years$4,995$3,853$2,938$2,216$1,658$629
25 years$4,744$3,616$2,721$2,024$1,492$538
26 years$4,513$3,398$2,523$1,851$1,344$461
27 years$4,299$3,198$2,343$1,694$1,212$395
28 years$4,101$3,014$2,178$1,552$1,093$338
29 years$3,917$2,843$2,027$1,423$987$290
30 years$3,745$2,685$1,888$1,306$892$249
31 years$3,585$2,538$1,760$1,200$806$213
32 years$3,436$2,402$1,642$1,103$729$183
33 years$3,295$2,274$1,533$1,014$660$157
34 years$3,163$2,156$1,433$933$598$135
35 years$3,039$2,045$1,340$859$541$116
36 years$2,922$1,941$1,253$791$491$99
37 years$2,812$1,843$1,173$729$445$85
38 years$2,708$1,752$1,098$672$403$73
39 years$2,609$1,666$1,029$619$365$63
40 years$2,516$1,585$965$571$332$54
41 years$2,427$1,509$904$527$301$46
42 years$2,343$1,437$848$486$273$40
43 years$2,262$1,369$796$449$248$34
44 years$2,186$1,305$747$415$225$29
45 years$2,114$1,244$702$383$204$25
46 years$2,044$1,187$659$354$185$22
47 years$1,978$1,133$619$327$168$19
48 years$1,915$1,081$582$302$153$16
49 years$1,854$1,033$547$279$139$14
50 years$1,796$986$514$258$126$12

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 $6,162 every year, while hoping to spend $24,842 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: 66/26/8 Blend
68$1,840,000$1,840,000$1,840,000$1,840,000
69$2,034,036$1,936,516$1,907,996$2,164,788
70$2,215,076$2,004,974$1,945,482$2,320,945
71$2,413,750$2,075,953$1,983,392$2,488,006
72$2,631,829$2,149,552$2,021,712$2,669,933
73$2,871,266$2,225,871$2,060,430$2,868,170
74$3,134,213$2,305,016$2,099,532$3,084,311
75$3,423,037$2,387,096$2,139,001$3,320,106
76$3,740,349$2,472,226$2,178,820$3,577,485
77$4,089,025$2,560,525$2,218,970$3,858,569
78$4,472,230$2,652,115$2,259,431$4,165,693
79$4,893,456$2,747,127$2,300,179$4,501,429
80$5,356,545$2,845,694$2,341,193$4,868,609
81$5,865,735$2,947,955$2,382,445$5,270,348
82$6,425,691$3,054,055$2,423,907$5,710,078
83$7,041,554$3,164,147$2,465,551$6,191,577
84$7,718,989$3,278,387$2,507,344$6,719,006
85$8,464,238$3,396,939$2,549,251$7,296,945
86$9,284,176$3,519,975$2,591,237$7,930,440
87$10,186,380$3,647,672$2,633,262$8,625,047
88$11,179,198$3,780,215$2,675,283$9,386,885
89$12,271,829$3,917,798$2,717,258$10,222,692
90$13,474,407$4,060,622$2,759,138$11,139,891
91$14,798,099$4,208,896$2,800,872$12,146,659
92$16,255,212$4,362,838$2,842,408$13,251,998
93$17,859,303$4,522,676$2,883,688$14,465,829
94$19,625,312$4,688,648$2,924,651$15,799,077
95$21,569,701$4,860,999$2,965,234$17,263,778
96$23,710,610$5,039,987$3,005,369$18,873,189
97$26,068,027$5,225,881$3,044,984$20,641,916
98$28,663,977$5,418,961$3,084,002$22,586,048
99$31,522,730$5,619,517$3,122,343$24,723,310
100$34,671,028$5,827,854$3,159,922$27,073,229