Can I retire at age 69 with 1,950,000?

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 $1,950,000?

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$161,029$159,595$158,195$156,829$155,496$153,680
2 years$79,717$78,233$76,794$75,399$74,046$72,218
3 years$52,617$51,126$49,691$48,309$46,978$45,195
4 years$39,070$37,583$36,162$34,804$33,505$31,781
5 years$30,943$29,466$28,063$26,733$25,470$23,809
6 years$25,527$24,061$22,679$21,378$20,153$18,559
7 years$21,660$20,206$18,847$17,576$16,390$14,862
8 years$18,761$17,320$15,983$14,744$13,597$12,135
9 years$16,508$15,081$13,767$12,559$11,451$10,054
10 years$14,706$13,293$12,002$10,826$9,757$8,425
11 years$13,233$11,834$10,566$9,422$8,391$7,122
12 years$12,006$10,621$9,377$8,264$7,271$6,065
13 years$10,969$9,599$8,378$7,296$6,341$5,195
14 years$10,081$8,725$7,528$6,477$5,558$4,472
15 years$9,312$7,970$6,797$5,776$4,894$3,864
16 years$8,639$7,313$6,162$5,172$4,325$3,351
17 years$8,047$6,735$5,607$4,647$3,835$2,915
18 years$7,520$6,223$5,119$4,188$3,410$2,541
19 years$7,050$5,768$4,686$3,784$3,039$2,220
20 years$6,627$5,359$4,300$3,427$2,715$1,943
21 years$6,245$4,992$3,956$3,110$2,430$1,704
22 years$5,899$4,660$3,646$2,828$2,178$1,496
23 years$5,583$4,358$3,366$2,575$1,955$1,315
24 years$5,293$4,084$3,113$2,349$1,757$1,157
25 years$5,027$3,832$2,883$2,145$1,581$1,019
26 years$4,782$3,602$2,674$1,961$1,424$898
27 years$4,556$3,390$2,483$1,795$1,284$792
28 years$4,346$3,194$2,308$1,645$1,159$699
29 years$4,151$3,013$2,148$1,508$1,046$617
30 years$3,969$2,846$2,001$1,384$945$545
31 years$3,800$2,690$1,865$1,271$855$482
32 years$3,641$2,545$1,741$1,169$773$426
33 years$3,492$2,410$1,625$1,075$700$377
34 years$3,352$2,285$1,518$989$633$333
35 years$3,221$2,167$1,420$910$574$295
36 years$3,097$2,057$1,328$838$520$261
37 years$2,980$1,953$1,243$772$471$231
38 years$2,870$1,856$1,164$712$427$204
39 years$2,765$1,765$1,091$656$387$181
40 years$2,666$1,679$1,022$605$351$160
41 years$2,572$1,599$958$559$319$142
42 years$2,483$1,523$899$515$289$126
43 years$2,398$1,451$844$476$262$111
44 years$2,317$1,383$792$439$238$99
45 years$2,240$1,319$744$406$216$87
46 years$2,166$1,258$698$375$196$78
47 years$2,096$1,200$656$346$178$69
48 years$2,029$1,146$617$320$162$61
49 years$1,965$1,094$580$296$147$54
50 years$1,904$1,045$545$273$134$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,950,000, adding $3,805 every year, while hoping to spend $45,720 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: 66/19/15 Blend
68$1,950,000$1,950,000$1,950,000$1,950,000
69$2,152,825$2,049,475$2,019,250$2,286,987
70$2,323,767$2,101,253$2,038,249$2,428,875
71$2,510,613$2,154,037$2,056,352$2,578,224
72$2,714,937$2,207,826$2,073,481$2,740,338
73$2,938,472$2,262,620$2,089,554$2,916,465
74$3,183,125$2,318,418$2,104,483$3,107,979
75$3,450,998$2,375,215$2,118,178$3,316,393
76$3,744,405$2,433,005$2,130,542$3,543,375
77$4,065,894$2,491,782$2,141,474$3,790,760
78$4,418,271$2,551,535$2,150,869$4,060,572
79$4,804,626$2,612,251$2,158,615$4,355,039
80$5,228,364$2,673,918$2,164,594$4,676,615
81$5,693,233$2,736,516$2,168,685$5,028,005
82$6,203,364$2,800,026$2,170,757$5,412,188
83$6,763,305$2,864,425$2,170,675$5,832,449
84$7,378,066$2,929,687$2,168,297$6,292,403
85$8,053,168$2,995,780$2,163,474$6,796,037
86$8,794,690$3,062,672$2,156,049$7,347,741
87$9,609,330$3,130,326$2,145,859$7,952,355
88$10,504,468$3,198,697$2,132,731$8,615,210
89$11,488,232$3,267,742$2,116,485$9,342,183
90$12,569,577$3,337,407$2,096,933$10,139,746
91$13,758,370$3,407,636$2,073,877$11,015,035
92$15,065,481$3,478,367$2,047,109$11,975,911
93$16,502,886$3,549,533$2,016,413$13,031,037
94$18,083,779$3,621,059$1,981,561$14,189,960
95$19,822,697$3,692,863$1,942,316$15,463,201
96$21,735,658$3,764,859$1,898,430$16,862,354
97$23,840,309$3,836,951$1,849,641$18,400,193
98$26,156,094$3,909,035$1,795,677$20,090,801
99$28,704,437$3,980,999$1,736,254$21,949,691
100$31,508,944$4,052,723$1,671,073$23,993,964