Can I retire at age 69 with 1,030,000?

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 $1,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$85,056$84,299$83,560$82,838$82,134$81,107
2 years$42,107$41,323$40,563$39,826$39,111$38,079
3 years$27,793$27,005$26,247$25,517$24,814$23,807
4 years$20,637$19,852$19,101$18,384$17,697$16,724
5 years$16,344$15,564$14,823$14,120$13,453$12,516
6 years$13,484$12,709$11,979$11,292$10,645$9,745
7 years$11,441$10,673$9,955$9,284$8,657$7,795
8 years$9,910$9,149$8,443$7,788$7,182$6,358
9 years$8,720$7,966$7,272$6,634$6,048$5,261
10 years$7,768$7,021$6,339$5,718$5,154$4,403
11 years$6,990$6,251$5,581$4,977$4,432$3,718
12 years$6,342$5,610$4,953$4,365$3,841$3,162
13 years$5,794$5,070$4,425$3,854$3,349$2,705
14 years$5,325$4,609$3,976$3,421$2,936$2,325
15 years$4,918$4,210$3,590$3,051$2,585$2,007
16 years$4,563$3,863$3,255$2,732$2,285$1,738
17 years$4,250$3,557$2,962$2,454$2,026$1,509
18 years$3,972$3,287$2,704$2,212$1,801$1,314
19 years$3,724$3,046$2,475$1,999$1,605$1,146
20 years$3,501$2,831$2,272$1,810$1,434$1,002
21 years$3,299$2,637$2,089$1,643$1,283$877
22 years$3,116$2,461$1,926$1,494$1,150$769
23 years$2,949$2,302$1,778$1,360$1,033$675
24 years$2,796$2,157$1,644$1,241$928$593
25 years$2,655$2,024$1,523$1,133$835$521
26 years$2,526$1,902$1,413$1,036$752$459
27 years$2,407$1,790$1,312$948$678$404
28 years$2,296$1,687$1,219$869$612$356
29 years$2,193$1,592$1,135$797$553$314
30 years$2,097$1,503$1,057$731$499$277
31 years$2,007$1,421$985$672$451$244
32 years$1,923$1,344$919$617$408$215
33 years$1,845$1,273$858$568$370$190
34 years$1,771$1,207$802$522$335$168
35 years$1,701$1,145$750$481$303$148
36 years$1,636$1,086$701$443$275$131
37 years$1,574$1,032$657$408$249$116
38 years$1,516$981$615$376$226$102
39 years$1,461$932$576$347$205$91
40 years$1,408$887$540$320$186$80
41 years$1,359$844$506$295$168$71
42 years$1,311$804$475$272$153$63
43 years$1,266$766$446$251$139$55
44 years$1,224$730$418$232$126$49
45 years$1,183$697$393$214$114$43
46 years$1,144$664$369$198$104$38
47 years$1,107$634$347$183$94$34
48 years$1,072$605$326$169$86$30
49 years$1,038$578$306$156$78$27
50 years$1,006$552$288$144$71$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,030,000, adding $2,771 every year, while hoping to spend $34,634 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: 77/10/13 Blend
68$1,030,000$1,030,000$1,030,000$1,030,000
69$1,137,918$1,083,328$1,067,363$1,222,365
70$1,217,136$1,099,561$1,066,270$1,294,626
71$1,303,272$1,115,428$1,063,979$1,369,175
72$1,396,998$1,130,876$1,060,413$1,449,951
73$1,499,048$1,145,845$1,055,494$1,537,563
74$1,610,233$1,160,274$1,049,135$1,632,679
75$1,731,446$1,174,096$1,041,250$1,736,039
76$1,863,666$1,187,240$1,031,745$1,848,454
77$2,007,975$1,199,629$1,020,523$1,970,820
78$2,165,561$1,211,184$1,007,483$2,104,125
79$2,337,733$1,221,817$992,518$2,249,455
80$2,525,932$1,231,436$975,518$2,408,009
81$2,731,744$1,239,944$956,365$2,581,107
82$2,956,917$1,247,236$934,938$2,770,205
83$3,203,373$1,253,201$911,109$2,976,905
84$3,473,230$1,257,721$884,745$3,202,974
85$3,768,821$1,260,671$855,705$3,450,360
86$4,092,714$1,261,917$823,844$3,721,208
87$4,447,737$1,261,317$789,009$4,017,884
88$4,837,006$1,258,721$751,041$4,342,993
89$5,263,952$1,253,970$709,772$4,699,409
90$5,732,354$1,246,893$665,028$5,090,296
91$6,246,374$1,237,311$616,627$5,519,144
92$6,810,598$1,225,033$564,378$5,989,798
93$7,430,076$1,209,857$508,082$6,506,497
94$8,110,372$1,191,568$447,531$7,073,909
95$8,857,615$1,169,940$382,508$7,697,184
96$9,678,556$1,144,732$312,786$8,381,995
97$10,580,634$1,115,688$238,129$9,134,595
98$11,572,041$1,082,539$158,289$9,961,875
99$12,661,806$1,045,000$73,009$10,871,431
100$13,859,873$1,002,769$0$11,871,635