Can I retire at age 69 with 1,850,000?

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 $1,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$152,771$151,410$150,083$148,787$147,522$145,799
2 years$75,629$74,221$72,856$71,532$70,248$68,515
3 years$49,919$48,504$47,142$45,831$44,568$42,877
4 years$37,066$35,656$34,308$33,019$31,787$30,151
5 years$29,356$27,954$26,624$25,362$24,164$22,588
6 years$24,218$22,827$21,516$20,282$19,120$17,607
7 years$20,550$19,170$17,880$16,675$15,550$14,100
8 years$17,799$16,432$15,164$13,988$12,900$11,513
9 years$15,661$14,307$13,061$11,915$10,864$9,538
10 years$13,952$12,611$11,386$10,271$9,256$7,993
11 years$12,554$11,227$10,024$8,939$7,961$6,757
12 years$11,391$10,077$8,896$7,840$6,899$5,754
13 years$10,407$9,106$7,948$6,922$6,016$4,929
14 years$9,564$8,277$7,142$6,144$5,273$4,242
15 years$8,834$7,562$6,448$5,480$4,643$3,666
16 years$8,196$6,938$5,846$4,907$4,104$3,179
17 years$7,634$6,389$5,320$4,408$3,638$2,765
18 years$7,135$5,904$4,856$3,973$3,235$2,411
19 years$6,689$5,472$4,446$3,590$2,884$2,106
20 years$6,288$5,085$4,080$3,251$2,576$1,844
21 years$5,925$4,736$3,753$2,951$2,305$1,616
22 years$5,596$4,421$3,459$2,683$2,066$1,419
23 years$5,296$4,135$3,194$2,443$1,855$1,247
24 years$5,022$3,874$2,953$2,229$1,667$1,097
25 years$4,770$3,636$2,736$2,035$1,500$966
26 years$4,537$3,417$2,537$1,861$1,351$852
27 years$4,322$3,216$2,356$1,703$1,218$751
28 years$4,123$3,030$2,190$1,561$1,099$663
29 years$3,938$2,859$2,038$1,431$993$585
30 years$3,766$2,700$1,898$1,313$897$517
31 years$3,605$2,552$1,770$1,206$811$457
32 years$3,454$2,415$1,651$1,109$733$404
33 years$3,313$2,287$1,542$1,019$664$357
34 years$3,180$2,167$1,441$938$601$316
35 years$3,056$2,056$1,347$863$544$280
36 years$2,938$1,951$1,260$795$493$247
37 years$2,827$1,853$1,179$733$447$219
38 years$2,722$1,761$1,104$675$405$194
39 years$2,623$1,675$1,035$623$367$172
40 years$2,529$1,593$970$574$333$152
41 years$2,440$1,517$909$530$302$135
42 years$2,355$1,444$853$489$274$119
43 years$2,275$1,376$800$451$249$106
44 years$2,198$1,312$751$417$226$94
45 years$2,125$1,251$705$385$205$83
46 years$2,055$1,193$663$356$186$74
47 years$1,989$1,139$622$329$169$65
48 years$1,925$1,087$585$304$154$58
49 years$1,864$1,038$550$281$140$51
50 years$1,806$992$517$259$127$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,850,000, adding $5,486 every year, while hoping to spend $41,463 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: 56/23/21 Blend
68$1,850,000$1,850,000$1,850,000$1,850,000
69$2,044,359$1,946,309$1,917,634$2,146,967
70$2,208,767$1,997,562$1,937,758$2,268,915
71$2,388,555$2,049,936$1,957,167$2,396,819
72$2,585,249$2,103,444$1,975,793$2,535,263
73$2,800,526$2,158,094$1,993,564$2,685,269
74$3,036,236$2,213,898$2,010,405$2,847,965
75$3,294,416$2,270,862$2,026,237$3,024,591
76$3,577,307$2,328,996$2,040,977$3,216,516
77$3,887,380$2,388,303$2,054,537$3,425,246
78$4,227,353$2,448,791$2,066,824$3,652,441
79$4,600,222$2,510,461$2,077,742$3,899,930
80$5,009,287$2,573,315$2,087,189$4,169,726
81$5,458,182$2,637,355$2,095,057$4,464,049
82$5,950,909$2,702,578$2,101,234$4,785,345
83$6,491,878$2,768,981$2,105,602$5,136,309
84$7,085,946$2,836,558$2,108,036$5,519,910
85$7,738,464$2,905,300$2,108,407$5,939,419
86$8,455,326$2,975,199$2,106,577$6,398,443
87$9,243,025$3,046,239$2,102,403$6,900,955
88$10,108,716$3,118,407$2,095,735$7,451,332
89$11,060,278$3,191,682$2,086,415$8,054,399
90$12,106,394$3,266,042$2,074,278$8,715,474
91$13,256,630$3,341,462$2,059,150$9,440,416
92$14,521,525$3,417,912$2,040,850$10,235,682
93$15,912,689$3,495,359$2,019,188$11,108,389
94$17,442,917$3,573,765$1,993,964$12,066,379
95$19,126,302$3,653,087$1,964,970$13,118,296
96$20,978,375$3,733,279$1,931,986$14,273,664
97$23,016,247$3,814,287$1,894,786$15,542,982
98$25,258,772$3,896,055$1,853,128$16,937,818
99$27,726,722$3,978,517$1,806,764$18,470,922
100$30,442,988$4,061,604$1,755,430$20,156,346