Can I retire at age 69 with 1,960,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$161,855$160,413$159,007$157,634$156,293$153,389
2 years$80,126$78,634$77,188$75,785$74,425$71,510
3 years$52,887$51,388$49,946$48,556$47,218$44,383
4 years$39,270$37,776$36,348$34,982$33,677$30,943
5 years$31,102$29,617$28,207$26,870$25,600$22,976
6 years$25,658$24,184$22,796$21,488$20,257$17,745
7 years$21,771$20,310$18,943$17,666$16,474$14,076
8 years$18,858$17,409$16,065$14,820$13,667$11,381
9 years$16,593$15,158$13,837$12,623$11,510$9,335
10 years$14,782$13,361$12,064$10,881$9,807$7,741
11 years$13,301$11,894$10,621$9,470$8,434$6,476
12 years$12,068$10,676$9,425$8,307$7,309$5,454
13 years$11,025$9,648$8,421$7,333$6,373$4,620
14 years$10,132$8,770$7,566$6,510$5,587$3,932
15 years$9,359$8,011$6,831$5,806$4,919$3,359
16 years$8,684$7,350$6,194$5,198$4,348$2,878
17 years$8,088$6,769$5,636$4,671$3,855$2,473
18 years$7,559$6,255$5,145$4,209$3,428$2,130
19 years$7,086$5,797$4,710$3,803$3,055$1,838
20 years$6,661$5,387$4,323$3,445$2,729$1,589
21 years$6,278$5,018$3,976$3,126$2,442$1,375
22 years$5,929$4,684$3,664$2,842$2,189$1,192
23 years$5,611$4,381$3,383$2,589$1,965$1,034
24 years$5,320$4,104$3,129$2,361$1,766$897
25 years$5,053$3,852$2,898$2,156$1,589$780
26 years$4,807$3,620$2,688$1,972$1,431$678
27 years$4,579$3,407$2,496$1,805$1,291$590
28 years$4,368$3,210$2,320$1,653$1,165$513
29 years$4,172$3,029$2,159$1,516$1,052$447
30 years$3,990$2,860$2,011$1,392$950$390
31 years$3,819$2,704$1,875$1,278$859$339
32 years$3,660$2,558$1,749$1,174$777$296
33 years$3,510$2,423$1,633$1,080$703$258
34 years$3,370$2,296$1,526$994$637$225
35 years$3,237$2,178$1,427$915$577$196
36 years$3,113$2,067$1,335$843$522$171
37 years$2,995$1,963$1,249$776$474$149
38 years$2,884$1,866$1,170$715$429$130
39 years$2,779$1,774$1,096$660$389$114
40 years$2,680$1,688$1,027$608$353$99
41 years$2,585$1,607$963$561$320$87
42 years$2,495$1,530$904$518$291$76
43 years$2,410$1,458$848$478$264$66
44 years$2,329$1,390$796$442$239$58
45 years$2,251$1,325$747$408$217$50
46 years$2,178$1,264$702$377$197$44
47 years$2,107$1,207$660$348$179$38
48 years$2,040$1,152$620$322$163$34
49 years$1,975$1,100$583$297$148$29
50 years$1,914$1,051$548$275$134$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,960,000, adding $6,565 every year, while hoping to spend $55,593 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: 56/30/14 Blend
68$1,960,000$1,960,000$1,960,000$1,960,000
69$2,166,692$2,062,812$2,032,432$2,279,830
70$2,328,544$2,104,739$2,041,368$2,399,243
71$2,505,042$2,146,858$2,048,740$2,522,628
72$2,697,620$2,189,118$2,054,437$2,655,742
73$2,907,859$2,231,466$2,058,342$2,799,529
74$3,137,498$2,273,845$2,060,334$2,955,025
75$3,388,450$2,316,191$2,060,282$3,123,373
76$3,662,824$2,358,436$2,058,054$3,305,833
77$3,962,939$2,400,507$2,053,506$3,503,793
78$4,291,351$2,442,324$2,046,491$3,718,785
79$4,650,874$2,483,803$2,036,853$3,952,495
80$5,044,604$2,524,851$2,024,429$4,206,783
81$5,475,955$2,565,369$2,009,048$4,483,697
82$5,948,682$2,605,252$1,990,531$4,785,499
83$6,466,924$2,644,386$1,968,690$5,114,679
84$7,035,238$2,682,649$1,943,329$5,473,982
85$7,658,644$2,719,910$1,914,242$5,866,436
86$8,342,670$2,756,030$1,881,214$6,295,378
87$9,093,407$2,790,860$1,844,019$6,764,486
88$9,917,562$2,824,240$1,802,421$7,277,816
89$10,822,525$2,855,999$1,756,174$7,839,838
90$11,816,435$2,885,955$1,705,018$8,455,483
91$12,908,259$2,913,915$1,648,684$9,130,182
92$14,107,876$2,939,671$1,586,889$9,869,928
93$15,426,167$2,963,003$1,519,338$10,681,322
94$16,875,122$2,983,676$1,445,721$11,571,646
95$18,467,947$3,001,439$1,365,716$12,548,925
96$20,219,196$3,016,027$1,278,985$13,622,006
97$22,144,898$3,027,156$1,185,175$14,800,644
98$24,262,717$3,034,527$1,083,918$16,095,590
99$26,592,113$3,037,818$974,829$17,518,699
100$29,154,528$3,036,690$857,505$19,083,036