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%11.9%
1 years$163,507$162,050$160,629$159,242$157,888$156,631
2 years$80,944$79,436$77,975$76,559$75,185$73,917
3 years$53,427$51,913$50,455$49,052$47,700$46,462
4 years$39,671$38,161$36,718$35,339$34,020$32,821
5 years$31,419$29,919$28,495$27,144$25,862$24,704
6 years$25,920$24,431$23,028$21,707$20,463$19,350
7 years$21,994$20,517$19,137$17,847$16,642$15,573
8 years$19,050$17,587$16,229$14,971$13,806$12,781
9 years$16,762$15,313$13,978$12,752$11,627$10,646
10 years$14,932$13,497$12,187$10,992$9,907$8,969
11 years$13,437$12,016$10,729$9,567$8,520$7,625
12 years$12,191$10,785$9,522$8,391$7,383$6,530
13 years$11,138$9,746$8,507$7,408$6,438$5,626
14 years$10,236$8,859$7,644$6,576$5,644$4,871
15 years$9,455$8,093$6,901$5,865$4,969$4,235
16 years$8,772$7,425$6,257$5,251$4,392$3,696
17 years$8,170$6,838$5,693$4,718$3,894$3,235
18 years$7,636$6,319$5,197$4,252$3,463$2,838
19 years$7,159$5,856$4,758$3,842$3,086$2,496
20 years$6,729$5,442$4,367$3,480$2,757$2,199
21 years$6,342$5,069$4,016$3,158$2,467$1,941
22 years$5,989$4,732$3,702$2,871$2,211$1,716
23 years$5,668$4,425$3,418$2,615$1,985$1,518
24 years$5,375$4,146$3,161$2,385$1,784$1,345
25 years$5,105$3,891$2,928$2,178$1,605$1,193
26 years$4,856$3,657$2,715$1,992$1,446$1,059
27 years$4,626$3,442$2,521$1,823$1,304$941
28 years$4,413$3,243$2,344$1,670$1,176$836
29 years$4,215$3,059$2,181$1,532$1,062$744
30 years$4,030$2,889$2,032$1,406$960$662
31 years$3,858$2,731$1,894$1,291$868$589
32 years$3,697$2,584$1,767$1,186$785$525
33 years$3,546$2,448$1,650$1,091$710$468
34 years$3,404$2,320$1,542$1,004$643$417
35 years$3,270$2,200$1,441$924$583$371
36 years$3,145$2,088$1,348$851$528$331
37 years$3,026$1,983$1,262$784$478$295
38 years$2,914$1,885$1,182$723$434$264
39 years$2,808$1,792$1,107$666$393$235
40 years$2,707$1,705$1,038$615$357$210
41 years$2,612$1,623$973$567$324$187
42 years$2,521$1,546$913$523$294$167
43 years$2,435$1,473$857$483$267$149
44 years$2,353$1,404$804$446$242$133
45 years$2,274$1,339$755$412$220$119
46 years$2,200$1,277$709$381$199$106
47 years$2,129$1,219$666$352$181$95
48 years$2,060$1,164$626$325$164$85
49 years$1,995$1,111$588$300$149$76
50 years$1,933$1,061$553$278$136$68

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 $4,562 every year, while hoping to spend $37,545 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: 53/24/23 Blend
68$1,980,000$1,980,000$1,980,000$1,980,000
69$2,186,666$2,081,726$2,051,036$2,288,435
70$2,369,758$2,143,783$2,079,798$2,421,115
71$2,570,267$2,207,622$2,108,265$2,561,156
72$2,789,931$2,273,292$2,136,388$2,712,766
73$3,030,661$2,340,840$2,164,114$2,877,062
74$3,294,564$2,410,317$2,191,388$3,055,274
75$3,583,962$2,481,775$2,218,151$3,248,756
76$3,901,408$2,555,264$2,244,342$3,458,999
77$4,249,718$2,630,838$2,269,894$3,687,644
78$4,631,992$2,708,552$2,294,738$3,936,501
79$5,051,646$2,788,462$2,318,802$4,207,561
80$5,512,440$2,870,623$2,342,009$4,503,016
81$6,018,520$2,955,094$2,364,277$4,825,283
82$6,574,450$3,041,935$2,385,521$5,177,023
83$7,185,259$3,131,205$2,405,651$5,561,166
84$7,856,488$3,222,966$2,424,573$5,980,941
85$8,594,239$3,317,281$2,442,185$6,439,906
86$9,405,237$3,414,213$2,458,384$6,941,980
87$10,296,890$3,513,829$2,473,059$7,491,478
88$11,277,360$3,616,193$2,486,093$8,093,157
89$12,355,638$3,721,375$2,497,365$8,752,258
90$13,541,633$3,829,441$2,506,746$9,474,554
91$14,846,259$3,940,464$2,514,102$10,266,405
92$16,281,544$4,054,512$2,519,290$11,134,821
93$17,860,738$4,171,660$2,522,163$12,087,524
94$19,598,441$4,291,980$2,522,564$13,133,023
95$21,510,742$4,415,546$2,520,330$14,280,694
96$23,615,365$4,542,435$2,515,288$15,540,868
97$25,931,841$4,672,724$2,507,259$16,924,930
98$28,481,690$4,806,489$2,496,054$18,445,422
99$31,288,626$4,943,810$2,481,475$20,116,167
100$34,378,775$5,084,766$2,463,314$21,952,398