Can I retire at age 69 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$155,249$153,866$152,517$151,200$149,914$146,290
2 years$76,856$75,424$74,037$72,692$71,388$67,758
3 years$50,728$49,291$47,907$46,575$45,291$41,770
4 years$37,667$36,234$34,864$33,554$32,302$28,916
5 years$29,832$28,408$27,056$25,773$24,556$21,314
6 years$24,611$23,197$21,865$20,611$19,430$16,336
7 years$20,883$19,481$18,170$16,945$15,802$12,856
8 years$18,088$16,699$15,410$14,215$13,109$10,311
9 years$15,915$14,539$13,272$12,108$11,040$8,386
10 years$14,178$12,816$11,571$10,437$9,406$6,895
11 years$12,758$11,409$10,187$9,084$8,090$5,716
12 years$11,575$10,240$9,041$7,967$7,010$4,771
13 years$10,575$9,254$8,077$7,034$6,113$4,004
14 years$9,719$8,412$7,257$6,244$5,359$3,375
15 years$8,977$7,684$6,553$5,569$4,718$2,855
16 years$8,329$7,050$5,941$4,986$4,170$2,423
17 years$7,758$6,493$5,406$4,480$3,697$2,061
18 years$7,250$6,000$4,935$4,037$3,288$1,757
19 years$6,797$5,560$4,518$3,648$2,930$1,500
20 years$6,390$5,167$4,146$3,304$2,617$1,283
21 years$6,021$4,813$3,814$2,999$2,342$1,099
22 years$5,687$4,493$3,515$2,726$2,100$942
23 years$5,382$4,202$3,245$2,483$1,885$808
24 years$5,103$3,937$3,001$2,265$1,694$694
25 years$4,847$3,695$2,780$2,068$1,524$596
26 years$4,611$3,472$2,578$1,891$1,373$513
27 years$4,392$3,268$2,394$1,731$1,238$441
28 years$4,190$3,079$2,226$1,586$1,117$380
29 years$4,002$2,905$2,071$1,454$1,009$327
30 years$3,827$2,743$1,929$1,335$911$281
31 years$3,663$2,593$1,799$1,226$824$242
32 years$3,510$2,454$1,678$1,127$745$209
33 years$3,367$2,324$1,567$1,036$675$180
34 years$3,232$2,203$1,464$953$611$155
35 years$3,105$2,089$1,369$877$553$134
36 years$2,986$1,983$1,280$808$501$115
37 years$2,873$1,883$1,198$745$454$99
38 years$2,767$1,790$1,122$686$412$86
39 years$2,666$1,702$1,051$633$373$74
40 years$2,570$1,619$985$584$339$64
41 years$2,480$1,541$924$538$307$55
42 years$2,394$1,468$867$497$279$47
43 years$2,312$1,399$813$459$253$41
44 years$2,234$1,333$764$424$230$35
45 years$2,159$1,271$717$391$209$30
46 years$2,089$1,213$673$361$189$26
47 years$2,021$1,157$633$334$172$23
48 years$1,956$1,105$594$308$156$20
49 years$1,895$1,055$559$285$142$17
50 years$1,836$1,008$525$264$129$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,880,000, adding $5,691 every year, while hoping to spend $52,279 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: 38/32/30 Blend
68$1,880,000$1,880,000$1,880,000$1,880,000
69$2,077,630$1,977,990$1,948,850$2,137,863
70$2,233,924$2,019,287$1,958,512$2,224,136
71$2,404,408$2,060,856$1,966,746$2,312,148
72$2,590,473$2,102,654$1,973,448$2,406,290
73$2,793,653$2,144,636$1,978,510$2,507,156
74$3,015,635$2,186,751$1,981,819$2,615,400
75$3,258,275$2,228,947$1,983,255$2,731,745
76$3,523,618$2,271,165$1,982,693$2,856,989
77$3,813,915$2,313,340$1,980,002$2,992,014
78$4,131,646$2,355,405$1,975,043$3,137,790
79$4,479,540$2,397,286$1,967,673$3,295,392
80$4,860,602$2,438,903$1,957,740$3,466,005
81$5,278,144$2,480,169$1,945,084$3,650,938
82$5,735,810$2,520,993$1,929,540$3,851,634
83$6,237,617$2,561,276$1,910,933$4,069,687
84$6,787,985$2,600,909$1,889,081$4,306,857
85$7,391,786$2,639,780$1,863,792$4,565,086
86$8,054,384$2,677,766$1,834,865$4,846,518
87$8,781,690$2,714,735$1,802,091$5,153,519
88$9,580,212$2,750,547$1,765,251$5,488,698
89$10,457,121$2,785,051$1,724,115$5,854,938
90$11,420,316$2,818,088$1,678,442$6,255,418
91$12,478,500$2,849,485$1,627,980$6,693,647
92$13,641,257$2,879,060$1,572,468$7,173,496
93$14,919,149$2,906,618$1,511,630$7,699,238
94$16,323,810$2,931,950$1,445,177$8,275,584
95$17,868,058$2,954,835$1,372,810$8,907,736
96$19,566,015$2,975,037$1,294,214$9,601,431
97$21,433,239$2,992,304$1,209,061$10,362,997
98$23,486,872$3,006,370$1,117,007$11,199,417
99$25,745,800$3,016,949$1,017,694$12,118,394
100$28,230,832$3,023,739$910,746$13,128,424