Can I retire at age 69 with 1,170,000?

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 $1,170,000?

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%
1 years$96,618$95,757$94,917$94,098$93,297$92,093
2 years$47,830$46,940$46,076$45,239$44,427$43,216
3 years$31,570$30,676$29,814$28,985$28,187$27,006
4 years$23,442$22,550$21,697$20,882$20,103$18,961
5 years$18,566$17,679$16,838$16,040$15,282$14,183
6 years$15,316$14,436$13,608$12,827$12,092$11,037
7 years$12,996$12,124$11,308$10,546$9,834$8,824
8 years$11,257$10,392$9,590$8,847$8,158$7,193
9 years$9,905$9,048$8,260$7,535$6,870$5,949
10 years$8,824$7,976$7,201$6,496$5,854$4,976
11 years$7,940$7,100$6,340$5,653$5,035$4,199
12 years$7,204$6,373$5,626$4,958$4,363$3,568
13 years$6,581$5,759$5,027$4,378$3,805$3,051
14 years$6,048$5,235$4,517$3,886$3,335$2,621
15 years$5,587$4,782$4,078$3,466$2,936$2,260
16 years$5,184$4,388$3,697$3,103$2,595$1,956
17 years$4,828$4,041$3,364$2,788$2,301$1,697
18 years$4,512$3,734$3,071$2,513$2,046$1,477
19 years$4,230$3,461$2,812$2,270$1,824$1,288
20 years$3,976$3,216$2,580$2,056$1,629$1,124
21 years$3,747$2,995$2,373$1,866$1,458$984
22 years$3,539$2,796$2,187$1,697$1,307$862
23 years$3,350$2,615$2,020$1,545$1,173$756
24 years$3,176$2,450$1,868$1,409$1,054$663
25 years$3,016$2,299$1,730$1,287$949$583
26 years$2,869$2,161$1,605$1,177$855$512
27 years$2,734$2,034$1,490$1,077$770$451
28 years$2,608$1,916$1,385$987$695$397
29 years$2,491$1,808$1,289$905$628$350
30 years$2,382$1,707$1,201$831$567$308
31 years$2,280$1,614$1,119$763$513$272
32 years$2,185$1,527$1,044$701$464$239
33 years$2,095$1,446$975$645$420$211
34 years$2,011$1,371$911$593$380$186
35 years$1,933$1,300$852$546$344$165
36 years$1,858$1,234$797$503$312$145
37 years$1,788$1,172$746$463$283$128
38 years$1,722$1,114$698$427$256$113
39 years$1,659$1,059$654$394$232$100
40 years$1,600$1,008$613$363$211$88
41 years$1,543$959$575$335$191$78
42 years$1,490$914$539$309$174$69
43 years$1,439$870$506$286$157$61
44 years$1,390$830$475$264$143$54
45 years$1,344$791$446$243$130$48
46 years$1,300$755$419$225$118$42
47 years$1,258$720$394$208$107$37
48 years$1,218$688$370$192$97$33
49 years$1,179$657$348$177$88$29
50 years$1,142$627$327$164$80$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,170,000, adding $6,970 every year, while hoping to spend $25,494 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: 25/50/25 Blend
68$1,170,000$1,170,000$1,170,000$1,170,000
69$1,296,530$1,234,520$1,216,385$1,318,563
70$1,401,650$1,267,886$1,230,008$1,370,547
71$1,516,639$1,302,032$1,243,233$1,423,604
72$1,642,474$1,336,970$1,256,021$1,479,952
73$1,780,237$1,372,712$1,268,327$1,539,884
74$1,931,113$1,409,266$1,280,108$1,603,722
75$2,096,411$1,446,645$1,291,316$1,671,819
76$2,277,571$1,484,857$1,301,902$1,744,565
77$2,476,181$1,523,913$1,311,813$1,822,387
78$2,693,988$1,563,821$1,320,995$1,905,759
79$2,932,915$1,604,589$1,329,389$1,995,199
80$3,195,084$1,646,225$1,336,935$2,091,280
81$3,482,829$1,688,736$1,343,568$2,194,633
82$3,798,721$1,732,129$1,349,222$2,305,952
83$4,145,596$1,776,408$1,353,826$2,426,002
84$4,526,572$1,821,577$1,357,305$2,555,626
85$4,945,089$1,867,641$1,359,581$2,695,753
86$5,404,935$1,914,602$1,360,573$2,847,407
87$5,910,281$1,962,461$1,360,196$3,011,716
88$6,465,725$2,011,216$1,358,357$3,189,923
89$7,076,331$2,060,868$1,354,964$3,383,398
90$7,747,678$2,111,412$1,349,917$3,593,650
91$8,485,914$2,162,844$1,343,112$3,822,345
92$9,297,811$2,215,157$1,334,440$4,071,316
93$10,190,831$2,268,343$1,323,788$4,342,585
94$11,173,196$2,322,392$1,311,034$4,638,382
95$12,253,963$2,377,290$1,296,055$4,961,162
96$13,443,113$2,433,023$1,278,718$5,313,634
97$14,751,643$2,489,573$1,258,888$5,698,782
98$16,191,668$2,546,920$1,236,418$6,119,897
99$17,776,540$2,605,041$1,211,160$6,580,607
100$19,520,968$2,663,910$1,182,955$7,084,908