Can I retire at age 69 with 1,100,000?

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$90,837$90,028$89,238$88,468$87,716$85,181
2 years$44,969$44,131$43,320$42,533$41,769$39,236
3 years$29,681$28,840$28,031$27,251$26,500$24,047
4 years$22,039$21,201$20,399$19,633$18,900$16,547
5 years$17,455$16,622$15,831$15,080$14,368$12,120
6 years$14,400$13,573$12,793$12,060$11,369$9,229
7 years$12,219$11,398$10,631$9,915$9,246$7,214
8 years$10,583$9,771$9,016$8,317$7,670$5,745
9 years$9,312$8,507$7,766$7,084$6,459$4,639
10 years$8,296$7,499$6,770$6,107$5,504$3,785
11 years$7,465$6,675$5,960$5,315$4,733$3,114
12 years$6,773$5,992$5,290$4,662$4,102$2,579
13 years$6,188$5,415$4,726$4,116$3,577$2,147
14 years$5,687$4,922$4,246$3,653$3,135$1,795
15 years$5,253$4,496$3,834$3,258$2,761$1,506
16 years$4,873$4,125$3,476$2,917$2,440$1,267
17 years$4,539$3,799$3,163$2,621$2,163$1,068
18 years$4,242$3,510$2,887$2,362$1,924$902
19 years$3,977$3,253$2,643$2,135$1,715$764
20 years$3,739$3,023$2,426$1,933$1,531$647
21 years$3,523$2,816$2,231$1,755$1,371$549
22 years$3,327$2,629$2,057$1,595$1,228$466
23 years$3,149$2,459$1,899$1,453$1,103$396
24 years$2,986$2,304$1,756$1,325$991$337
25 years$2,836$2,162$1,627$1,210$892$287
26 years$2,698$2,032$1,509$1,106$803$244
27 years$2,570$1,912$1,401$1,013$724$208
28 years$2,452$1,802$1,302$928$654$177
29 years$2,342$1,700$1,212$851$590$151
30 years$2,239$1,605$1,129$781$533$129
31 years$2,143$1,517$1,052$717$482$110
32 years$2,054$1,436$982$659$436$94
33 years$1,970$1,360$917$606$395$80
34 years$1,891$1,289$857$558$357$68
35 years$1,817$1,222$801$513$324$58
36 years$1,747$1,160$749$473$293$50
37 years$1,681$1,102$701$436$266$42
38 years$1,619$1,047$657$402$241$36
39 years$1,560$996$615$370$218$31
40 years$1,504$947$577$342$198$26
41 years$1,451$902$541$315$180$23
42 years$1,400$859$507$291$163$19
43 years$1,353$818$476$268$148$16
44 years$1,307$780$447$248$134$14
45 years$1,264$744$419$229$122$12
46 years$1,222$710$394$211$111$10
47 years$1,183$677$370$195$101$9
48 years$1,145$646$348$180$91$7
49 years$1,109$617$327$167$83$6
50 years$1,074$590$307$154$75$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,100,000, adding $3,019 every year, while hoping to spend $36,451 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: 57/16/27 Blend
68$1,100,000$1,100,000$1,100,000$1,100,000
69$1,215,314$1,157,014$1,139,964$1,275,448
70$1,300,493$1,174,924$1,139,369$1,334,936
71$1,393,138$1,192,490$1,137,533$1,395,657
72$1,493,972$1,209,657$1,134,375$1,461,090
73$1,603,792$1,226,365$1,129,811$1,531,701
74$1,723,473$1,242,550$1,123,754$1,608,004
75$1,853,978$1,258,146$1,116,110$1,690,568
76$1,996,368$1,273,080$1,106,784$1,780,020
77$2,151,810$1,287,273$1,095,674$1,877,052
78$2,321,589$1,300,645$1,082,674$1,982,427
79$2,507,121$1,313,105$1,067,673$2,096,990
80$2,709,961$1,324,561$1,050,554$2,221,669
81$2,931,825$1,334,913$1,031,196$2,357,491
82$3,174,601$1,344,054$1,009,470$2,505,589
83$3,440,368$1,351,870$985,245$2,667,213
84$3,731,414$1,358,240$958,380$2,843,740
85$4,050,261$1,363,037$928,728$3,036,693
86$4,399,685$1,366,123$896,138$3,247,751
87$4,782,744$1,367,354$860,450$3,478,764
88$5,202,805$1,366,576$821,496$3,731,776
89$5,663,578$1,363,624$779,102$4,009,040
90$6,169,147$1,358,326$733,086$4,313,044
91$6,724,012$1,350,496$683,257$4,646,528
92$7,333,130$1,339,939$629,415$5,012,519
93$8,001,961$1,326,448$571,352$5,414,354
94$8,736,520$1,309,803$508,851$5,855,712
95$9,543,432$1,289,770$441,685$6,340,654
96$10,429,996$1,266,103$369,616$6,873,657
97$11,404,254$1,238,540$292,396$7,459,659
98$12,475,064$1,206,804$209,767$8,104,105
99$13,652,184$1,170,602$121,458$8,813,002
100$14,946,369$1,129,623$27,188$9,592,972