Can I retire at age 69 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$121,391$120,310$119,255$118,225$117,220$114,994
2 years$60,095$58,975$57,891$56,839$55,819$53,585
3 years$39,665$38,541$37,459$36,417$35,414$33,242
4 years$29,452$28,332$27,261$26,237$25,257$23,164
5 years$23,326$22,212$21,155$20,152$19,200$17,191
6 years$19,244$18,138$17,097$16,116$15,193$13,270
7 years$16,329$15,232$14,207$13,250$12,356$10,520
8 years$14,143$13,057$12,049$11,115$10,250$8,501
9 years$12,444$11,368$10,378$9,467$8,632$6,969
10 years$11,086$10,021$9,048$8,161$7,355$5,775
11 years$9,976$8,921$7,965$7,103$6,326$4,828
12 years$9,051$8,007$7,069$6,230$5,482$4,064
13 years$8,269$7,236$6,316$5,500$4,780$3,440
14 years$7,599$6,577$5,675$4,882$4,190$2,926
15 years$7,020$6,008$5,124$4,354$3,689$2,497
16 years$6,513$5,513$4,645$3,899$3,261$2,139
17 years$6,066$5,077$4,227$3,503$2,891$1,836
18 years$5,669$4,691$3,859$3,157$2,571$1,580
19 years$5,315$4,348$3,532$2,852$2,291$1,363
20 years$4,996$4,040$3,242$2,583$2,047$1,177
21 years$4,708$3,763$2,982$2,345$1,831$1,018
22 years$4,447$3,513$2,748$2,132$1,642$881
23 years$4,208$3,286$2,538$1,942$1,474$764
24 years$3,990$3,078$2,347$1,771$1,325$663
25 years$3,790$2,889$2,174$1,617$1,192$576
26 years$3,605$2,715$2,016$1,479$1,074$500
27 years$3,435$2,555$1,872$1,353$968$435
28 years$3,276$2,408$1,740$1,240$873$378
29 years$3,129$2,271$1,619$1,137$789$329
30 years$2,992$2,145$1,508$1,044$713$286
31 years$2,864$2,028$1,406$958$644$249
32 years$2,745$1,919$1,312$881$583$217
33 years$2,633$1,817$1,225$810$527$189
34 years$2,527$1,722$1,145$745$478$165
35 years$2,428$1,633$1,070$686$433$144
36 years$2,335$1,550$1,001$632$392$125
37 years$2,247$1,473$937$582$355$109
38 years$2,163$1,399$877$537$322$95
39 years$2,084$1,331$822$495$292$83
40 years$2,010$1,266$771$456$265$72
41 years$1,939$1,205$723$421$240$63
42 years$1,872$1,148$678$389$218$55
43 years$1,808$1,094$636$359$198$48
44 years$1,747$1,042$597$331$180$42
45 years$1,689$994$561$306$163$37
46 years$1,633$948$526$283$148$32
47 years$1,580$905$495$261$134$28
48 years$1,530$864$465$241$122$24
49 years$1,481$825$437$223$111$21
50 years$1,435$788$411$206$101$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,470,000, adding $2,805 every year, while hoping to spend $36,517 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: 85/7/8 Blend
68$1,470,000$1,470,000$1,470,000$1,470,000
69$1,622,833$1,544,923$1,522,138$1,759,134
70$1,749,509$1,581,771$1,534,276$1,885,374
71$1,887,881$1,619,200$1,545,597$2,018,785
72$2,039,104$1,657,201$1,556,034$2,164,207
73$2,204,451$1,695,761$1,565,519$2,322,823
74$2,385,319$1,734,868$1,573,978$2,495,939
75$2,583,250$1,774,505$1,581,335$2,684,988
76$2,799,942$1,814,655$1,587,510$2,891,554
77$3,037,261$1,855,299$1,592,417$3,117,379
78$3,297,267$1,896,413$1,595,967$3,364,379
79$3,582,224$1,937,974$1,598,069$3,634,670
80$3,894,629$1,979,953$1,598,622$3,930,579
81$4,237,231$2,022,320$1,597,525$4,254,669
82$4,613,056$2,065,042$1,594,670$4,609,765
83$5,025,440$2,108,081$1,589,944$4,998,979
84$5,478,056$2,151,397$1,583,228$5,425,740
85$5,974,948$2,194,947$1,574,397$5,893,822
86$6,520,575$2,238,682$1,563,322$6,407,388
87$7,119,846$2,282,549$1,549,865$6,971,020
88$7,778,169$2,326,492$1,533,884$7,589,769
89$8,501,502$2,370,450$1,515,228$8,269,198
90$9,296,408$2,414,355$1,493,742$9,015,439
91$10,170,119$2,458,136$1,469,260$9,835,246
92$11,130,601$2,501,715$1,441,610$10,736,062
93$12,186,631$2,545,008$1,410,612$11,726,086
94$13,347,879$2,587,924$1,376,079$12,814,354
95$14,624,997$2,630,367$1,337,812$14,010,823
96$16,029,724$2,672,232$1,295,606$15,326,462
97$17,574,991$2,713,407$1,249,245$16,773,359
98$19,275,049$2,753,772$1,198,503$18,364,833
99$21,145,595$2,793,199$1,143,144$20,115,563
100$23,203,929$2,831,549$1,082,923$22,041,721