Can I retire at age 69 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$94,140$93,302$92,483$91,685$90,905$89,993
2 years$46,604$45,736$44,895$44,079$43,288$42,370
3 years$30,761$29,889$29,050$28,242$27,464$26,567
4 years$22,841$21,972$21,141$20,347$19,587$18,720
5 years$18,090$17,226$16,406$15,628$14,890$14,054
6 years$14,924$14,066$13,259$12,498$11,782$10,978
7 years$12,663$11,813$11,018$10,275$9,582$8,811
8 years$10,968$10,126$9,344$8,620$7,949$7,211
9 years$9,651$8,816$8,048$7,342$6,694$5,988
10 years$8,597$7,771$7,017$6,329$5,704$5,030
11 years$7,736$6,918$6,177$5,508$4,906$4,263
12 years$7,019$6,209$5,482$4,831$4,251$3,639
13 years$6,413$5,612$4,898$4,265$3,707$3,125
14 years$5,893$5,101$4,401$3,786$3,250$2,697
15 years$5,444$4,660$3,973$3,377$2,861$2,337
16 years$5,051$4,275$3,602$3,023$2,529$2,033
17 years$4,704$3,937$3,278$2,717$2,242$1,773
18 years$4,397$3,638$2,992$2,448$1,994$1,550
19 years$4,122$3,372$2,739$2,212$1,777$1,358
20 years$3,874$3,133$2,514$2,004$1,587$1,192
21 years$3,651$2,918$2,313$1,818$1,420$1,048
22 years$3,448$2,724$2,131$1,653$1,273$923
23 years$3,264$2,548$1,968$1,506$1,143$814
24 years$3,094$2,387$1,820$1,373$1,027$718
25 years$2,939$2,240$1,686$1,254$924$635
26 years$2,796$2,106$1,563$1,147$833$561
27 years$2,664$1,982$1,452$1,050$751$496
28 years$2,541$1,867$1,350$962$677$439
29 years$2,427$1,762$1,256$882$612$389
30 years$2,321$1,664$1,170$809$553$345
31 years$2,221$1,573$1,091$743$500$306
32 years$2,129$1,488$1,018$683$452$271
33 years$2,042$1,409$950$628$409$241
34 years$1,960$1,336$888$578$370$214
35 years$1,883$1,267$830$532$335$190
36 years$1,811$1,202$776$490$304$168
37 years$1,742$1,142$727$451$275$150
38 years$1,678$1,085$681$416$250$133
39 years$1,616$1,032$638$384$226$118
40 years$1,559$982$598$354$205$105
41 years$1,504$935$560$327$186$93
42 years$1,451$890$526$301$169$83
43 years$1,402$848$493$278$153$74
44 years$1,354$808$463$257$139$66
45 years$1,309$771$435$237$126$58
46 years$1,267$735$408$219$115$52
47 years$1,226$702$384$202$104$46
48 years$1,186$670$360$187$95$41
49 years$1,149$640$339$173$86$36
50 years$1,113$611$319$160$78$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,140,000, adding $5,148 every year, while hoping to spend $38,174 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: 70/7/23 Blend
68$1,140,000$1,140,000$1,140,000$1,140,000
69$1,261,590$1,201,170$1,183,500$1,342,278
70$1,349,656$1,219,411$1,182,531$1,415,111
71$1,445,424$1,237,266$1,180,249$1,489,862
72$1,549,641$1,254,676$1,176,571$1,570,768
73$1,663,127$1,271,577$1,171,409$1,658,437
74$1,786,785$1,287,903$1,164,670$1,753,540
75$1,921,607$1,303,580$1,156,257$1,856,812
76$2,068,687$1,318,532$1,146,067$1,969,069
77$2,229,228$1,332,675$1,133,995$2,091,206
78$2,404,555$1,345,921$1,119,929$2,224,214
79$2,596,125$1,358,177$1,103,753$2,369,181
80$2,805,544$1,369,342$1,085,343$2,527,310
81$3,034,579$1,379,309$1,064,571$2,699,926
82$3,285,176$1,387,965$1,041,304$2,888,490
83$3,559,477$1,395,189$1,015,402$3,094,613
84$3,859,843$1,400,852$986,716$3,320,070
85$4,188,871$1,404,818$955,095$3,566,820
86$4,549,422$1,406,940$920,377$3,837,020
87$4,944,648$1,407,066$882,395$4,133,052
88$5,378,019$1,405,029$840,972$4,457,537
89$5,853,359$1,400,657$795,926$4,813,370
90$6,374,876$1,393,764$747,065$5,203,738
91$6,947,210$1,384,154$694,188$5,632,158
92$7,575,467$1,371,620$637,085$6,102,504
93$8,265,275$1,355,940$575,538$6,619,050
94$9,022,833$1,336,881$509,318$7,186,505
95$9,854,969$1,314,194$438,187$7,810,062
96$10,769,204$1,287,618$361,894$8,495,446
97$11,773,825$1,256,874$280,180$9,248,966
98$12,877,962$1,221,668$192,773$10,077,579
99$14,091,672$1,181,688$99,389$10,988,953
100$15,426,036$1,136,603$0$11,991,541