Can I retire at age 69 with 1,270,000?

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$104,875$103,941$103,030$102,140$101,272$99,594
2 years$51,919$50,952$50,014$49,106$48,225$46,539
3 years$34,269$33,297$32,363$31,463$30,596$28,955
4 years$25,445$24,477$23,552$22,667$21,821$20,238
5 years$20,153$19,190$18,277$17,410$16,588$15,067
6 years$16,625$15,670$14,771$13,923$13,126$11,668
7 years$14,107$13,160$12,274$11,447$10,675$9,281
8 years$12,219$11,281$10,410$9,603$8,856$7,526
9 years$10,751$9,822$8,966$8,179$7,458$6,192
10 years$9,578$8,657$7,817$7,051$6,354$5,150
11 years$8,618$7,707$6,882$6,136$5,465$4,322
12 years$7,819$6,918$6,107$5,382$4,736$3,652
13 years$7,144$6,251$5,456$4,752$4,130$3,104
14 years$6,565$5,682$4,903$4,218$3,620$2,650
15 years$6,064$5,191$4,426$3,762$3,187$2,272
16 years$5,627$4,763$4,013$3,368$2,817$1,954
17 years$5,241$4,386$3,652$3,026$2,498$1,685
18 years$4,898$4,053$3,334$2,727$2,221$1,456
19 years$4,592$3,756$3,052$2,464$1,980$1,261
20 years$4,316$3,491$2,801$2,232$1,768$1,094
21 years$4,068$3,251$2,576$2,026$1,582$951
22 years$3,842$3,035$2,374$1,842$1,418$827
23 years$3,636$2,839$2,192$1,677$1,273$720
24 years$3,447$2,660$2,028$1,530$1,144$628
25 years$3,274$2,496$1,878$1,397$1,030$548
26 years$3,115$2,346$1,742$1,277$928$478
27 years$2,967$2,208$1,617$1,169$836$418
28 years$2,831$2,080$1,503$1,071$755$365
29 years$2,704$1,962$1,399$982$681$319
30 years$2,585$1,853$1,303$902$616$279
31 years$2,475$1,752$1,215$828$557$244
32 years$2,371$1,658$1,134$761$503$214
33 years$2,274$1,570$1,058$700$456$187
34 years$2,183$1,488$989$644$413$164
35 years$2,098$1,411$925$593$374$144
36 years$2,017$1,339$865$546$339$126
37 years$1,941$1,272$810$503$307$110
38 years$1,869$1,209$758$464$278$97
39 years$1,801$1,150$710$427$252$85
40 years$1,736$1,094$666$394$229$74
41 years$1,675$1,041$624$364$208$65
42 years$1,617$992$586$336$188$57
43 years$1,562$945$549$310$171$50
44 years$1,509$901$516$286$155$44
45 years$1,459$859$484$264$141$38
46 years$1,411$819$455$244$128$34
47 years$1,365$782$427$226$116$30
48 years$1,322$746$402$208$105$26
49 years$1,280$713$377$193$96$23
50 years$1,240$681$355$178$87$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,270,000, adding $2,218 every year, while hoping to spend $51,710 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: 65/11/24 Blend
68$1,270,000$1,270,000$1,270,000$1,270,000
69$1,401,828$1,334,518$1,314,833$1,484,068
70$1,489,795$1,344,890$1,303,861$1,550,124
71$1,585,002$1,354,038$1,290,788$1,616,271
72$1,688,133$1,361,846$1,275,489$1,687,393
73$1,799,938$1,368,192$1,257,835$1,763,979
74$1,921,246$1,372,948$1,237,686$1,846,575
75$2,052,965$1,375,974$1,214,901$1,935,779
76$2,196,096$1,377,125$1,189,328$2,032,255
77$2,351,739$1,376,245$1,160,811$2,136,733
78$2,521,103$1,373,169$1,129,186$2,250,021
79$2,705,522$1,367,720$1,094,280$2,373,011
80$2,906,460$1,359,713$1,055,913$2,506,685
81$3,125,531$1,348,951$1,013,898$2,652,131
82$3,364,509$1,335,224$968,038$2,810,546
83$3,625,349$1,318,309$918,127$2,983,254
84$3,910,200$1,297,973$863,950$3,171,716
85$4,221,431$1,273,964$805,283$3,377,541
86$4,561,648$1,246,019$741,890$3,602,510
87$4,933,720$1,213,858$673,528$3,848,585
88$5,340,807$1,177,184$599,939$4,117,931
89$5,786,389$1,135,685$520,856$4,412,938
90$6,274,295$1,089,029$435,999$4,736,243
91$6,808,746$1,036,863$345,077$5,090,755
92$7,394,386$978,818$247,786$5,479,684
93$8,036,332$914,499$143,806$5,906,571
94$8,740,221$843,492$32,805$6,375,322
95$9,512,257$765,357$0$6,890,247
96$10,359,279$679,631$0$7,478,033
97$11,288,814$585,822$0$8,132,382
98$12,309,159$483,412$0$8,850,763
99$13,429,448$371,855$0$9,639,659
100$14,659,746$250,571$0$10,506,210