Can I retire at age 69 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$118,914$117,855$116,821$115,813$114,828$111,825
2 years$58,868$57,772$56,709$55,679$54,680$51,675
3 years$38,856$37,755$36,695$35,674$34,691$31,778
4 years$28,851$27,754$26,704$25,701$24,742$21,944
5 years$22,850$21,759$20,724$19,741$18,808$16,132
6 years$18,851$17,768$16,748$15,787$14,883$12,331
7 years$15,995$14,922$13,917$12,979$12,103$9,677
8 years$13,855$12,791$11,803$10,888$10,041$7,738
9 years$12,191$11,136$10,166$9,274$8,456$6,275
10 years$10,860$9,816$8,863$7,994$7,205$5,143
11 years$9,772$8,739$7,803$6,958$6,196$4,250
12 years$8,866$7,843$6,925$6,103$5,370$3,536
13 years$8,100$7,088$6,187$5,388$4,683$2,958
14 years$7,444$6,443$5,559$4,783$4,105$2,484
15 years$6,876$5,886$5,019$4,265$3,614$2,094
16 years$6,380$5,400$4,550$3,819$3,194$1,771
17 years$5,942$4,973$4,141$3,431$2,832$1,501
18 years$5,554$4,596$3,780$3,092$2,518$1,275
19 years$5,206$4,259$3,460$2,794$2,245$1,084
20 years$4,894$3,958$3,176$2,531$2,005$924
21 years$4,612$3,687$2,921$2,297$1,794$788
22 years$4,356$3,441$2,692$2,088$1,608$673
23 years$4,123$3,218$2,486$1,902$1,444$575
24 years$3,909$3,016$2,299$1,735$1,298$492
25 years$3,713$2,830$2,129$1,584$1,168$421
26 years$3,532$2,660$1,975$1,448$1,052$361
27 years$3,364$2,503$1,834$1,326$948$309
28 years$3,209$2,359$1,705$1,215$856$265
29 years$3,065$2,225$1,586$1,114$773$227
30 years$2,931$2,101$1,478$1,022$698$195
31 years$2,806$1,986$1,378$939$631$167
32 years$2,689$1,880$1,285$863$571$143
33 years$2,579$1,780$1,200$794$517$123
34 years$2,476$1,687$1,121$730$468$106
35 years$2,379$1,600$1,048$672$424$91
36 years$2,287$1,519$981$619$384$78
37 years$2,201$1,442$918$570$348$67
38 years$2,119$1,371$860$526$315$57
39 years$2,042$1,304$805$485$286$49
40 years$1,969$1,240$755$447$259$42
41 years$1,899$1,181$708$412$235$36
42 years$1,833$1,124$664$381$214$31
43 years$1,771$1,071$623$351$194$27
44 years$1,711$1,021$585$324$176$23
45 years$1,654$974$549$300$160$20
46 years$1,600$929$516$277$145$17
47 years$1,548$886$485$256$132$15
48 years$1,499$846$455$236$120$13
49 years$1,451$808$428$218$109$11
50 years$1,406$772$402$202$99$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,440,000, adding $5,809 every year, while hoping to spend $54,879 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: 58/13/29 Blend
68$1,440,000$1,440,000$1,440,000$1,440,000
69$1,592,872$1,516,552$1,494,232$1,672,305
70$1,696,954$1,532,472$1,485,898$1,743,348
71$1,809,813$1,547,333$1,475,445$1,814,515
72$1,932,287$1,561,025$1,462,745$1,890,999
73$2,065,296$1,573,431$1,447,663$1,973,332
74$2,209,853$1,584,426$1,430,057$2,062,101
75$2,367,072$1,593,878$1,409,778$2,157,957
76$2,538,181$1,601,644$1,386,673$2,261,619
77$2,724,526$1,607,576$1,360,578$2,373,878
78$2,927,594$1,611,514$1,331,323$2,495,612
79$3,149,018$1,613,287$1,298,731$2,627,787
80$3,390,595$1,612,715$1,262,616$2,771,475
81$3,654,305$1,609,607$1,222,783$2,927,854
82$3,942,326$1,603,760$1,179,028$3,098,229
83$4,257,056$1,594,958$1,131,139$3,284,039
84$4,601,137$1,582,971$1,078,893$3,486,875
85$4,977,474$1,567,558$1,022,057$3,708,492
86$5,389,269$1,548,461$960,388$3,950,828
87$5,840,046$1,525,407$893,633$4,216,023
88$6,333,686$1,498,107$821,525$4,506,437
89$6,874,463$1,466,256$743,787$4,824,679
90$7,467,083$1,429,527$660,129$5,173,626
91$8,116,731$1,387,579$570,248$5,556,453
92$8,829,114$1,340,048$473,828$5,976,665
93$9,610,522$1,286,548$370,540$6,438,131
94$10,467,880$1,226,674$260,038$6,945,118
95$11,408,817$1,159,993$141,962$7,502,336
96$12,441,735$1,086,052$15,936$8,114,981
97$13,575,891$1,004,368$0$8,788,788
98$14,821,482$914,432$0$9,566,765
99$16,189,740$815,706$0$10,426,853
100$17,693,039$707,621$0$11,371,947