Can I retire at age 69 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$125,520$124,402$123,311$122,247$121,207$116,582
2 years$62,139$60,981$59,860$58,772$57,718$53,113
3 years$41,014$39,852$38,733$37,656$36,618$32,178
4 years$30,454$29,295$28,188$27,129$26,117$21,875
5 years$24,120$22,968$21,875$20,838$19,853$15,821
6 years$19,898$18,755$17,678$16,664$15,709$11,889
7 years$16,884$15,751$14,691$13,700$12,776$9,167
8 years$14,624$13,501$12,459$11,493$10,599$7,197
9 years$12,868$11,755$10,731$9,789$8,926$5,727
10 years$11,463$10,362$9,355$8,439$7,605$4,603
11 years$10,315$9,224$8,236$7,344$6,541$3,729
12 years$9,359$8,279$7,310$6,442$5,668$3,039
13 years$8,550$7,482$6,531$5,687$4,943$2,489
14 years$7,858$6,801$5,868$5,048$4,333$2,046
15 years$7,258$6,213$5,298$4,502$3,815$1,688
16 years$6,734$5,700$4,803$4,031$3,372$1,395
17 years$6,272$5,250$4,371$3,622$2,989$1,156
18 years$5,862$4,851$3,990$3,264$2,658$959
19 years$5,495$4,496$3,653$2,950$2,369$797
20 years$5,166$4,178$3,352$2,671$2,116$663
21 years$4,868$3,891$3,083$2,424$1,894$553
22 years$4,598$3,632$2,842$2,204$1,698$461
23 years$4,352$3,397$2,624$2,008$1,524$384
24 years$4,126$3,183$2,427$1,831$1,370$321
25 years$3,919$2,987$2,248$1,672$1,232$268
26 years$3,728$2,807$2,084$1,529$1,110$224
27 years$3,551$2,642$1,936$1,399$1,001$187
28 years$3,388$2,490$1,799$1,282$903$156
29 years$3,236$2,349$1,675$1,176$815$130
30 years$3,094$2,218$1,560$1,079$737$109
31 years$2,962$2,097$1,454$991$666$91
32 years$2,838$1,984$1,357$911$603$76
33 years$2,722$1,879$1,267$838$545$64
34 years$2,613$1,781$1,184$771$494$53
35 years$2,511$1,689$1,107$709$447$45
36 years$2,414$1,603$1,035$653$405$37
37 years$2,323$1,523$969$602$367$31
38 years$2,237$1,447$907$555$333$26
39 years$2,155$1,376$850$512$302$22
40 years$2,078$1,309$797$472$274$18
41 years$2,005$1,246$747$435$248$15
42 years$1,935$1,187$701$402$225$13
43 years$1,869$1,131$658$371$205$11
44 years$1,806$1,078$617$342$186$9
45 years$1,746$1,028$580$316$169$8
46 years$1,689$981$544$292$153$6
47 years$1,634$936$511$270$139$5
48 years$1,582$893$481$249$126$4
49 years$1,532$853$452$231$115$4
50 years$1,484$815$425$213$104$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,520,000, adding $6,649 every year, while hoping to spend $41,720 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: 55/34/11 Blend
68$1,520,000$1,520,000$1,520,000$1,520,000
69$1,681,898$1,601,338$1,577,778$1,769,377
70$1,809,062$1,635,414$1,586,244$1,863,485
71$1,947,799$1,669,762$1,593,595$1,960,766
72$2,099,244$1,704,349$1,599,751$2,065,703
73$2,264,649$1,739,145$1,604,624$2,179,033
74$2,445,390$1,774,110$1,608,126$2,301,566
75$2,642,984$1,809,206$1,610,163$2,434,198
76$2,859,100$1,844,388$1,610,635$2,577,912
77$3,095,575$1,879,610$1,609,438$2,733,795
78$3,354,434$1,914,821$1,606,464$2,903,042
79$3,637,904$1,949,965$1,601,599$3,086,972
80$3,948,440$1,984,983$1,594,722$3,287,036
81$4,288,743$2,019,810$1,585,707$3,504,837
82$4,661,791$2,054,376$1,574,425$3,742,137
83$5,070,861$2,088,608$1,560,735$4,000,882
84$5,519,563$2,122,424$1,544,494$4,283,215
85$6,011,874$2,155,739$1,525,551$4,591,499
86$6,552,175$2,188,460$1,503,746$4,928,336
87$7,145,289$2,220,487$1,478,914$5,296,598
88$7,796,533$2,251,715$1,450,882$5,699,449
89$8,511,759$2,282,029$1,419,466$6,140,375
90$9,297,418$2,311,307$1,384,478$6,623,220
91$10,160,614$2,339,421$1,345,717$7,152,222
92$11,109,174$2,366,230$1,302,976$7,732,052
93$12,151,721$2,391,586$1,256,037$8,367,859
94$13,297,754$2,415,332$1,204,672$9,065,317
95$14,557,739$2,437,297$1,148,642$9,830,684
96$15,943,206$2,457,302$1,087,700$10,670,854
97$17,466,860$2,475,156$1,021,584$11,593,431
98$19,142,695$2,490,655$950,023$12,606,794
99$20,986,133$2,503,580$872,732$13,720,180
100$23,014,165$2,513,702$789,415$14,943,771