Can I retire at age 69 with 1,940,000?

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 $1,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$160,203$158,776$157,384$156,025$154,698$153,466
2 years$79,309$77,832$76,400$75,012$73,666$72,424
3 years$52,347$50,864$49,436$48,061$46,737$45,523
4 years$38,869$37,390$35,977$34,625$33,333$32,158
5 years$30,784$29,314$27,919$26,596$25,339$24,205
6 years$25,396$23,937$22,563$21,269$20,050$18,959
7 years$21,549$20,103$18,750$17,486$16,306$15,258
8 years$18,665$17,232$15,901$14,669$13,527$12,523
9 years$16,423$15,003$13,696$12,494$11,392$10,430
10 years$14,631$13,225$11,940$10,770$9,707$8,788
11 years$13,165$11,773$10,512$9,373$8,348$7,471
12 years$11,945$10,567$9,329$8,222$7,234$6,398
13 years$10,913$9,549$8,335$7,259$6,308$5,512
14 years$10,029$8,680$7,489$6,443$5,530$4,773
15 years$9,264$7,929$6,762$5,746$4,869$4,150
16 years$8,595$7,275$6,130$5,145$4,303$3,621
17 years$8,005$6,700$5,578$4,623$3,816$3,169
18 years$7,482$6,191$5,092$4,166$3,393$2,781
19 years$7,014$5,738$4,662$3,765$3,024$2,445
20 years$6,593$5,332$4,278$3,409$2,701$2,155
21 years$6,213$4,967$3,935$3,094$2,417$1,902
22 years$5,868$4,636$3,627$2,813$2,167$1,681
23 years$5,554$4,336$3,349$2,562$1,945$1,488
24 years$5,266$4,063$3,097$2,337$1,748$1,318
25 years$5,002$3,813$2,869$2,134$1,573$1,169
26 years$4,758$3,583$2,660$1,951$1,417$1,037
27 years$4,533$3,372$2,470$1,786$1,277$922
28 years$4,324$3,178$2,297$1,637$1,153$819
29 years$4,130$2,998$2,137$1,501$1,041$729
30 years$3,949$2,831$1,991$1,377$940$648
31 years$3,780$2,676$1,856$1,265$850$577
32 years$3,622$2,532$1,732$1,163$769$514
33 years$3,474$2,398$1,617$1,069$696$458
34 years$3,335$2,273$1,511$984$630$408
35 years$3,204$2,156$1,412$905$571$364
36 years$3,081$2,046$1,321$834$517$325
37 years$2,965$1,943$1,237$768$469$290
38 years$2,855$1,847$1,158$708$425$258
39 years$2,751$1,756$1,085$653$385$230
40 years$2,652$1,671$1,017$602$350$206
41 years$2,559$1,591$954$556$317$184
42 years$2,470$1,515$894$513$288$164
43 years$2,385$1,443$839$473$261$146
44 years$2,305$1,376$788$437$237$131
45 years$2,228$1,312$740$404$215$117
46 years$2,155$1,251$695$373$195$104
47 years$2,086$1,194$653$345$177$93
48 years$2,019$1,140$613$318$161$83
49 years$1,955$1,089$577$294$146$74
50 years$1,894$1,040$542$272$133$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,940,000, adding $3,297 every year, while hoping to spend $20,333 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: 80/14/6 Blend
68$1,940,000$1,940,000$1,940,000$1,940,000
69$2,141,281$2,038,461$2,008,391$2,311,354
70$2,338,057$2,116,711$2,054,038$2,501,420
71$2,554,224$2,198,115$2,100,532$2,706,892
72$2,791,736$2,282,804$2,147,882$2,931,719
73$3,052,749$2,370,917$2,196,092$3,177,824
74$3,339,638$2,462,601$2,245,170$3,447,321
75$3,655,018$2,558,005$2,295,120$3,742,538
76$4,001,771$2,657,288$2,345,947$4,066,040
77$4,383,072$2,760,616$2,397,657$4,420,651
78$4,802,419$2,868,160$2,450,252$4,809,479
79$5,263,666$2,980,100$2,503,736$5,235,949
80$5,771,059$3,096,624$2,558,110$5,703,833
81$6,329,277$3,217,928$2,613,377$6,217,284
82$6,943,475$3,344,218$2,669,536$6,780,877
83$7,619,332$3,475,708$2,726,589$7,399,650
84$8,363,107$3,612,620$2,784,532$8,079,155
85$9,181,694$3,755,190$2,843,365$8,825,503
86$10,082,693$3,903,660$2,903,083$9,645,429
87$11,074,474$4,058,285$2,963,683$10,546,350
88$12,166,262$4,219,333$3,025,158$11,536,439
89$13,368,222$4,387,081$3,087,502$12,624,695
90$14,691,553$4,561,821$3,150,705$13,821,037
91$16,148,596$4,743,855$3,214,759$15,136,386
92$17,752,951$4,933,502$3,279,652$16,582,779
93$19,519,602$5,131,093$3,345,370$18,173,474
94$21,465,061$5,336,976$3,411,899$19,923,078
95$23,607,522$5,551,512$3,479,222$21,847,683
96$25,967,034$5,775,081$3,547,321$23,965,018
97$28,565,689$6,008,079$3,616,175$26,294,619
98$31,427,834$6,250,919$3,685,761$28,858,007
99$34,580,293$6,504,034$3,756,054$31,678,893
100$38,052,628$6,767,877$3,827,026$34,783,404