Can I retire at age 69 with 1,450,000?

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 $1,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$119,740$118,673$117,632$116,617$115,625$113,850
2 years$59,277$58,173$57,103$56,066$55,060$53,276
3 years$39,125$38,017$36,950$35,922$34,932$33,195
4 years$29,052$27,946$26,890$25,880$24,914$23,236
5 years$23,009$21,910$20,868$19,878$18,939$17,326
6 years$18,982$17,891$16,864$15,897$14,986$13,440
7 years$16,106$15,025$14,014$13,070$12,188$10,709
8 years$13,951$12,879$11,885$10,964$10,111$8,699
9 years$12,275$11,214$10,237$9,339$8,515$7,169
10 years$10,935$9,884$8,925$8,050$7,255$5,974
11 years$9,840$8,799$7,857$7,006$6,239$5,023
12 years$8,928$7,898$6,973$6,145$5,407$4,252
13 years$8,156$7,137$6,230$5,425$4,715$3,621
14 years$7,496$6,488$5,598$4,816$4,133$3,098
15 years$6,924$5,927$5,054$4,295$3,639$2,661
16 years$6,424$5,438$4,582$3,846$3,216$2,293
17 years$5,983$5,008$4,169$3,455$2,852$1,982
18 years$5,592$4,627$3,806$3,114$2,536$1,717
19 years$5,242$4,289$3,484$2,814$2,260$1,490
20 years$4,928$3,985$3,198$2,548$2,019$1,296
21 years$4,644$3,712$2,941$2,313$1,807$1,128
22 years$4,386$3,465$2,711$2,103$1,619$984
23 years$4,151$3,241$2,503$1,915$1,454$859
24 years$3,936$3,036$2,315$1,747$1,307$750
25 years$3,738$2,850$2,144$1,595$1,176$656
26 years$3,556$2,678$1,989$1,459$1,059$574
27 years$3,388$2,520$1,846$1,335$955$503
28 years$3,232$2,375$1,717$1,223$862$440
29 years$3,087$2,241$1,597$1,122$778$386
30 years$2,952$2,116$1,488$1,029$703$339
31 years$2,825$2,000$1,387$945$635$297
32 years$2,707$1,893$1,294$869$575$261
33 years$2,597$1,792$1,208$799$520$229
34 years$2,493$1,699$1,129$735$471$201
35 years$2,395$1,611$1,056$677$427$176
36 years$2,303$1,529$988$623$387$155
37 years$2,216$1,453$924$574$350$136
38 years$2,134$1,380$866$529$318$120
39 years$2,056$1,313$811$488$288$105
40 years$1,982$1,249$760$450$261$92
41 years$1,912$1,189$713$415$237$81
42 years$1,846$1,132$669$383$215$71
43 years$1,783$1,079$627$354$195$63
44 years$1,723$1,028$589$327$177$55
45 years$1,666$981$553$302$161$48
46 years$1,611$935$519$279$146$43
47 years$1,559$893$488$257$133$37
48 years$1,509$852$458$238$120$33
49 years$1,461$814$431$220$109$29
50 years$1,416$777$405$203$99$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,450,000, adding $3,404 every year, while hoping to spend $44,906 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: 69/20/11 Blend
68$1,450,000$1,450,000$1,450,000$1,450,000
69$1,601,411$1,524,561$1,502,086$1,708,004
70$1,716,976$1,551,485$1,504,626$1,806,116
71$1,842,822$1,578,223$1,505,747$1,907,671
72$1,979,953$1,604,719$1,505,352$2,017,586
73$2,129,470$1,630,912$1,503,343$2,136,677
74$2,292,585$1,656,736$1,499,615$2,265,839
75$2,470,635$1,682,122$1,494,057$2,406,062
76$2,665,088$1,706,994$1,486,557$2,558,433
77$2,877,562$1,731,272$1,476,992$2,724,152
78$3,109,839$1,754,870$1,465,236$2,904,542
79$3,363,879$1,777,695$1,451,158$3,101,059
80$3,641,842$1,799,649$1,434,619$3,315,309
81$3,946,104$1,820,626$1,415,473$3,549,060
82$4,279,284$1,840,515$1,393,569$3,804,264
83$4,644,265$1,859,194$1,368,748$4,083,068
84$5,044,222$1,876,536$1,340,842$4,387,842
85$5,482,651$1,892,404$1,309,679$4,721,196
86$5,963,402$1,906,654$1,275,074$5,086,006
87$6,490,719$1,919,129$1,236,839$5,485,445
88$7,069,272$1,929,666$1,194,772$5,923,007
89$7,704,207$1,938,089$1,148,667$6,402,545
90$8,401,192$1,944,211$1,098,303$6,928,305
91$9,166,471$1,947,835$1,043,454$7,504,968
92$10,006,922$1,948,750$983,880$8,137,691
93$10,930,121$1,946,732$919,333$8,832,162
94$11,944,415$1,941,543$849,553$9,594,647
95$13,058,999$1,932,932$774,266$10,432,054
96$14,284,002$1,920,632$693,190$11,351,998
97$15,630,585$1,904,357$606,026$12,362,872
98$17,111,042$1,883,808$512,465$13,473,926
99$18,738,919$1,858,665$412,183$14,695,356
100$20,529,140$1,828,591$304,842$16,038,402