Can I retire at age 69 with 1,420,000?

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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$117,262$116,218$115,199$114,204$113,233$111,037
2 years$58,051$56,969$55,922$54,906$53,920$51,717
3 years$38,316$37,230$36,185$35,179$34,209$32,068
4 years$28,451$27,368$26,333$25,344$24,398$22,334
5 years$22,533$21,457$20,436$19,467$18,547$16,567
6 years$18,589$17,521$16,515$15,568$14,676$12,781
7 years$15,773$14,714$13,724$12,799$11,935$10,127
8 years$13,662$12,613$11,639$10,737$9,902$8,179
9 years$12,021$10,982$10,025$9,145$8,339$6,700
10 years$10,709$9,680$8,740$7,883$7,105$5,550
11 years$9,636$8,617$7,694$6,861$6,110$4,636
12 years$8,743$7,735$6,829$6,018$5,295$3,900
13 years$7,988$6,990$6,101$5,313$4,617$3,299
14 years$7,341$6,354$5,482$4,716$4,048$2,804
15 years$6,781$5,804$4,949$4,206$3,564$2,392
16 years$6,291$5,325$4,487$3,766$3,150$2,047
17 years$5,860$4,904$4,083$3,384$2,793$1,756
18 years$5,476$4,532$3,727$3,049$2,483$1,510
19 years$5,134$4,200$3,412$2,755$2,213$1,301
20 years$4,826$3,903$3,132$2,496$1,977$1,123
21 years$4,548$3,635$2,880$2,265$1,769$971
22 years$4,295$3,393$2,655$2,059$1,586$840
23 years$4,065$3,174$2,451$1,875$1,424$727
24 years$3,855$2,974$2,267$1,711$1,280$631
25 years$3,661$2,791$2,100$1,562$1,151$547
26 years$3,483$2,623$1,947$1,428$1,037$475
27 years$3,318$2,468$1,808$1,307$935$412
28 years$3,165$2,326$1,681$1,198$844$358
29 years$3,023$2,194$1,564$1,098$762$312
30 years$2,891$2,072$1,457$1,008$688$271
31 years$2,767$1,959$1,358$926$622$236
32 years$2,651$1,854$1,267$851$563$205
33 years$2,543$1,755$1,183$782$509$179
34 years$2,441$1,664$1,106$720$461$156
35 years$2,346$1,578$1,034$663$418$135
36 years$2,255$1,498$967$610$379$118
37 years$2,170$1,422$905$562$343$103
38 years$2,090$1,352$848$518$311$89
39 years$2,014$1,285$794$478$282$78
40 years$1,941$1,223$744$441$256$68
41 years$1,873$1,164$698$407$232$59
42 years$1,808$1,109$655$375$211$52
43 years$1,746$1,056$614$347$191$45
44 years$1,687$1,007$577$320$173$39
45 years$1,631$960$541$295$158$34
46 years$1,578$916$509$273$143$30
47 years$1,527$874$478$252$130$26
48 years$1,478$835$449$233$118$23
49 years$1,431$797$422$215$107$20
50 years$1,386$761$397$199$97$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,420,000, adding $5,756 every year, while hoping to spend $49,150 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: 75/10/15 Blend
68$1,420,000$1,420,000$1,420,000$1,420,000
69$1,570,777$1,495,517$1,473,507$1,683,045
70$1,678,701$1,516,502$1,470,575$1,779,023
71$1,795,986$1,536,869$1,465,896$1,877,513
72$1,923,535$1,556,533$1,459,362$1,984,129
73$2,062,341$1,575,409$1,450,856$2,099,665
74$2,213,498$1,593,402$1,440,258$2,224,996
75$2,378,208$1,610,411$1,427,439$2,361,087
76$2,557,794$1,626,331$1,412,267$2,508,999
77$2,753,714$1,641,046$1,394,603$2,669,904
78$2,967,571$1,654,435$1,374,301$2,845,091
79$3,201,130$1,666,370$1,351,207$3,035,982
80$3,456,335$1,676,711$1,325,162$3,244,144
81$3,735,324$1,685,313$1,295,998$3,471,304
82$4,040,453$1,692,019$1,263,540$3,719,365
83$4,374,315$1,696,664$1,227,604$3,990,425
84$4,739,766$1,699,072$1,188,000$4,286,796
85$5,139,950$1,699,054$1,144,525$4,611,026
86$5,578,330$1,696,412$1,096,972$4,965,925
87$6,058,718$1,690,935$1,045,119$5,354,587
88$6,585,315$1,682,399$988,739$5,780,425
89$7,162,747$1,670,566$927,591$6,247,200
90$7,796,106$1,655,183$861,424$6,759,057
91$8,491,006$1,635,984$789,979$7,320,566
92$9,253,625$1,612,684$712,980$7,936,763
93$10,090,773$1,584,983$630,143$8,613,200
94$11,009,948$1,552,564$541,169$9,355,995
95$12,019,411$1,515,088$445,746$10,171,892
96$13,128,263$1,472,199$343,551$11,068,325
97$14,346,528$1,423,518$234,242$12,053,487
98$15,685,250$1,368,647$117,465$13,136,411
99$17,156,596$1,307,162$0$14,327,050
100$18,773,971$1,238,614$0$15,637,521