Can I retire at age 69 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$129,649$128,494$127,368$126,268$125,194$123,425
2 years$64,183$62,987$61,829$60,706$59,616$57,837
3 years$42,363$41,163$40,007$38,895$37,823$36,090
4 years$31,456$30,259$29,115$28,021$26,976$25,301
5 years$24,913$23,724$22,595$21,523$20,506$18,896
6 years$20,553$19,372$18,260$17,212$16,226$14,681
7 years$17,439$16,269$15,174$14,151$13,196$11,717
8 years$15,105$13,945$12,869$11,871$10,947$9,534
9 years$13,291$12,142$11,084$10,111$9,219$7,872
10 years$11,840$10,702$9,663$8,716$7,855$6,572
11 years$10,654$9,528$8,507$7,586$6,756$5,535
12 years$9,667$8,552$7,550$6,654$5,854$4,696
13 years$8,831$7,728$6,745$5,874$5,105$4,006
14 years$8,116$7,025$6,061$5,214$4,475$3,435
15 years$7,497$6,417$5,472$4,650$3,940$2,956
16 years$6,956$5,888$4,961$4,164$3,482$2,553
17 years$6,479$5,422$4,515$3,741$3,088$2,211
18 years$6,055$5,010$4,121$3,372$2,746$1,919
19 years$5,676$4,644$3,773$3,047$2,447$1,670
20 years$5,336$4,315$3,462$2,759$2,186$1,455
21 years$5,028$4,019$3,185$2,504$1,956$1,270
22 years$4,749$3,752$2,935$2,277$1,753$1,110
23 years$4,495$3,509$2,710$2,074$1,574$971
24 years$4,262$3,288$2,506$1,891$1,415$850
25 years$4,048$3,085$2,321$1,727$1,273$745
26 years$3,850$2,900$2,153$1,579$1,147$654
27 years$3,668$2,729$1,999$1,446$1,034$574
28 years$3,499$2,572$1,859$1,324$933$504
29 years$3,342$2,426$1,730$1,215$842$443
30 years$3,196$2,291$1,611$1,115$761$389
31 years$3,059$2,166$1,502$1,024$688$342
32 years$2,931$2,049$1,401$941$622$301
33 years$2,812$1,941$1,308$865$563$265
34 years$2,699$1,839$1,223$796$510$233
35 years$2,593$1,745$1,143$733$462$205
36 years$2,494$1,656$1,069$675$419$181
37 years$2,399$1,573$1,001$622$379$159
38 years$2,310$1,495$937$573$344$140
39 years$2,226$1,421$878$528$312$124
40 years$2,146$1,352$823$487$283$109
41 years$2,071$1,287$772$450$257$96
42 years$1,999$1,226$724$415$233$85
43 years$1,930$1,168$679$383$211$74
44 years$1,865$1,113$638$354$192$66
45 years$1,803$1,062$599$327$174$58
46 years$1,744$1,013$562$302$158$51
47 years$1,688$967$528$279$144$45
48 years$1,634$923$496$258$130$40
49 years$1,582$881$467$238$118$35
50 years$1,533$842$439$220$108$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,570,000, adding $2,423 every year, while hoping to spend $39,553 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: 74/10/16 Blend
68$1,570,000$1,570,000$1,570,000$1,570,000
69$1,732,639$1,649,429$1,625,094$1,854,469
70$1,867,284$1,688,167$1,637,451$1,974,199
71$2,014,338$1,727,478$1,648,896$2,100,248
72$2,175,023$1,767,347$1,659,357$2,237,313
73$2,350,688$1,807,759$1,668,757$2,386,479
74$2,542,815$1,848,697$1,677,018$2,548,940
75$2,753,039$1,890,140$1,684,055$2,726,013
76$2,983,158$1,932,066$1,689,780$2,919,148
77$3,235,152$1,974,449$1,694,099$3,129,941
78$3,511,202$2,017,262$1,696,916$3,360,153
79$3,813,711$2,060,473$1,698,129$3,611,721
80$4,145,323$2,104,050$1,697,630$3,886,783
81$4,508,952$2,147,954$1,695,306$4,187,691
82$4,907,806$2,192,145$1,691,040$4,517,039
83$5,345,420$2,236,578$1,684,708$4,877,683
84$5,825,687$2,281,204$1,676,179$5,272,772
85$6,352,894$2,325,970$1,665,319$5,705,775
86$6,931,766$2,370,820$1,651,983$6,180,514
87$7,567,505$2,415,689$1,636,024$6,701,201
88$8,265,844$2,460,511$1,617,284$7,272,478
89$9,033,096$2,505,212$1,595,599$7,899,459
90$9,876,219$2,549,714$1,570,799$8,587,780
91$10,802,875$2,593,932$1,542,702$9,343,654
92$11,821,507$2,637,774$1,511,122$10,173,923
93$12,941,417$2,681,141$1,475,861$11,086,130
94$14,172,853$2,723,928$1,436,713$12,088,588
95$15,527,104$2,766,021$1,393,464$13,190,456
96$17,016,611$2,807,298$1,345,887$14,401,829
97$18,655,078$2,847,629$1,293,747$15,733,830
98$20,457,606$2,886,873$1,236,798$17,198,717
99$22,440,833$2,924,881$1,174,782$18,810,002
100$24,623,091$2,961,492$1,107,429$20,582,572