Can I retire at age 69 with 1,980,000?

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$163,507$162,050$160,629$159,242$157,888$157,091
2 years$80,944$79,436$77,975$76,559$75,185$74,380
3 years$53,427$51,913$50,455$49,052$47,700$46,913
4 years$39,671$38,161$36,718$35,339$34,020$33,257
5 years$31,419$29,919$28,495$27,144$25,862$25,124
6 years$25,920$24,431$23,028$21,707$20,463$19,753
7 years$21,994$20,517$19,137$17,847$16,642$15,959
8 years$19,050$17,587$16,229$14,971$13,806$13,150
9 years$16,762$15,313$13,978$12,752$11,627$10,998
10 years$14,932$13,497$12,187$10,992$9,907$9,304
11 years$13,437$12,016$10,729$9,567$8,520$7,944
12 years$12,191$10,785$9,522$8,391$7,383$6,833
13 years$11,138$9,746$8,507$7,408$6,438$5,914
14 years$10,236$8,859$7,644$6,576$5,644$5,144
15 years$9,455$8,093$6,901$5,865$4,969$4,493
16 years$8,772$7,425$6,257$5,251$4,392$3,939
17 years$8,170$6,838$5,693$4,718$3,894$3,465
18 years$7,636$6,319$5,197$4,252$3,463$3,055
19 years$7,159$5,856$4,758$3,842$3,086$2,700
20 years$6,729$5,442$4,367$3,480$2,757$2,391
21 years$6,342$5,069$4,016$3,158$2,467$2,121
22 years$5,989$4,732$3,702$2,871$2,211$1,885
23 years$5,668$4,425$3,418$2,615$1,985$1,677
24 years$5,375$4,146$3,161$2,385$1,784$1,494
25 years$5,105$3,891$2,928$2,178$1,605$1,332
26 years$4,856$3,657$2,715$1,992$1,446$1,189
27 years$4,626$3,442$2,521$1,823$1,304$1,062
28 years$4,413$3,243$2,344$1,670$1,176$949
29 years$4,215$3,059$2,181$1,532$1,062$849
30 years$4,030$2,889$2,032$1,406$960$760
31 years$3,858$2,731$1,894$1,291$868$680
32 years$3,697$2,584$1,767$1,186$785$609
33 years$3,546$2,448$1,650$1,091$710$546
34 years$3,404$2,320$1,542$1,004$643$489
35 years$3,270$2,200$1,441$924$583$439
36 years$3,145$2,088$1,348$851$528$394
37 years$3,026$1,983$1,262$784$478$353
38 years$2,914$1,885$1,182$723$434$317
39 years$2,808$1,792$1,107$666$393$285
40 years$2,707$1,705$1,038$615$357$256
41 years$2,612$1,623$973$567$324$229
42 years$2,521$1,546$913$523$294$206
43 years$2,435$1,473$857$483$267$185
44 years$2,353$1,404$804$446$242$166
45 years$2,274$1,339$755$412$220$149
46 years$2,200$1,277$709$381$199$134
47 years$2,129$1,219$666$352$181$121
48 years$2,060$1,164$626$325$164$108
49 years$1,995$1,111$588$300$149$97
50 years$1,933$1,061$553$278$136$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,980,000, adding $4,885 every year, while hoping to spend $53,555 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: 49/28/23 Blend
68$1,980,000$1,980,000$1,980,000$1,980,000
69$2,186,999$2,082,059$2,051,369$2,279,739
70$2,353,091$2,127,098$2,063,108$2,389,873
71$2,534,329$2,172,548$2,073,445$2,503,673
72$2,732,202$2,218,375$2,082,277$2,626,212
73$2,948,348$2,264,537$2,089,495$2,758,338
74$3,184,571$2,310,991$2,094,984$2,900,984
75$3,442,857$2,357,689$2,098,626$3,055,180
76$3,725,393$2,404,580$2,100,294$3,222,062
77$4,034,584$2,451,606$2,099,855$3,402,882
78$4,373,083$2,498,706$2,097,172$3,599,020
79$4,743,809$2,545,813$2,092,098$3,811,999
80$5,149,976$2,592,857$2,084,482$4,043,498
81$5,595,124$2,639,757$2,074,163$4,295,366
82$6,083,152$2,686,431$2,060,973$4,569,646
83$6,618,356$2,732,788$2,044,737$4,868,588
84$7,205,463$2,778,730$2,025,271$5,194,673
85$7,849,685$2,824,152$2,002,382$5,550,638
86$8,556,760$2,868,942$1,975,869$5,939,502
87$9,333,007$2,912,979$1,945,518$6,364,590
88$10,185,391$2,956,132$1,911,110$6,829,574
89$11,121,581$2,998,262$1,872,413$7,338,498
90$12,150,027$3,039,222$1,829,183$7,895,824
91$13,280,037$3,078,851$1,781,168$8,506,471
92$14,521,865$3,116,979$1,728,101$9,175,864
93$15,886,808$3,153,424$1,669,706$9,909,983
94$17,387,313$3,187,992$1,605,691$10,715,424
95$19,037,090$3,220,475$1,535,753$11,599,457
96$20,851,248$3,250,652$1,459,575$12,570,100
97$22,846,429$3,278,288$1,376,825$13,636,192
98$25,040,972$3,303,132$1,287,156$14,807,479
99$27,455,080$3,324,915$1,190,205$16,094,708
100$30,111,016$3,343,353$1,085,594$17,509,724