Can I retire at age 69 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$130,475$129,313$128,179$127,072$125,991$124,417
2 years$64,592$63,389$62,223$61,092$59,996$58,412
3 years$42,633$41,425$40,262$39,142$38,064$36,519
4 years$31,656$30,452$29,301$28,200$27,147$25,654
5 years$25,072$23,875$22,738$21,660$20,637$19,199
6 years$20,684$19,495$18,376$17,322$16,329$14,949
7 years$17,550$16,372$15,271$14,241$13,280$11,958
8 years$15,202$14,034$12,951$11,947$11,017$9,753
9 years$13,376$12,219$11,154$10,176$9,278$8,071
10 years$11,916$10,771$9,725$8,772$7,905$6,755
11 years$10,722$9,588$8,561$7,634$6,799$5,703
12 years$9,728$8,606$7,598$6,696$5,892$4,851
13 years$8,888$7,777$6,788$5,912$5,138$4,149
14 years$8,168$7,069$6,099$5,248$4,504$3,567
15 years$7,545$6,458$5,507$4,680$3,965$3,078
16 years$7,000$5,925$4,993$4,190$3,505$2,666
17 years$6,520$5,457$4,543$3,765$3,107$2,315
18 years$6,093$5,042$4,147$3,393$2,763$2,016
19 years$5,712$4,673$3,797$3,066$2,463$1,759
20 years$5,370$4,343$3,484$2,777$2,200$1,537
21 years$5,060$4,045$3,205$2,520$1,969$1,345
22 years$4,779$3,776$2,954$2,291$1,765$1,179
23 years$4,523$3,531$2,727$2,087$1,584$1,035
24 years$4,289$3,309$2,522$1,903$1,424$909
25 years$4,073$3,105$2,336$1,738$1,281$799
26 years$3,875$2,918$2,167$1,589$1,154$704
27 years$3,692$2,746$2,012$1,455$1,040$619
28 years$3,521$2,588$1,870$1,333$939$546
29 years$3,363$2,441$1,741$1,222$848$481
30 years$3,216$2,306$1,621$1,122$766$424
31 years$3,079$2,180$1,512$1,030$692$374
32 years$2,950$2,062$1,410$947$626$330
33 years$2,830$1,953$1,317$871$567$292
34 years$2,716$1,851$1,230$801$513$258
35 years$2,610$1,756$1,150$737$465$228
36 years$2,509$1,666$1,076$679$421$201
37 years$2,415$1,583$1,007$626$382$178
38 years$2,325$1,504$943$577$346$157
39 years$2,240$1,430$884$532$314$139
40 years$2,160$1,361$828$491$285$123
41 years$2,084$1,295$777$453$258$109
42 years$2,012$1,234$728$418$234$96
43 years$1,943$1,175$684$386$213$85
44 years$1,877$1,120$642$356$193$75
45 years$1,815$1,068$603$329$175$66
46 years$1,755$1,019$566$304$159$59
47 years$1,699$973$532$281$144$52
48 years$1,644$929$500$259$131$46
49 years$1,592$887$470$240$119$41
50 years$1,543$847$441$221$108$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,580,000, adding $5,686 every year, while hoping to spend $29,138 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: 59/11/30 Blend
68$1,580,000$1,580,000$1,580,000$1,580,000
69$1,747,025$1,663,285$1,638,795$1,835,472
70$1,894,219$1,713,783$1,662,692$1,947,199
71$2,055,450$1,765,780$1,686,413$2,065,457
72$2,232,120$1,819,316$1,709,921$2,193,866
73$2,425,770$1,874,437$1,733,178$2,333,424
74$2,638,101$1,931,187$1,756,142$2,485,226
75$2,870,985$1,989,612$1,778,770$2,650,484
76$3,126,482$2,049,760$1,801,015$2,830,526
77$3,406,863$2,111,679$1,822,830$3,026,822
78$3,714,630$2,175,418$1,844,162$3,240,987
79$4,052,538$2,241,029$1,864,956$3,474,800
80$4,423,621$2,308,563$1,885,157$3,730,225
81$4,831,223$2,378,076$1,904,702$4,009,421
82$5,279,027$2,449,620$1,923,529$4,314,771
83$5,771,090$2,523,254$1,941,569$4,648,897
84$6,311,881$2,599,034$1,958,752$5,014,692
85$6,906,326$2,677,020$1,975,003$5,415,339
86$7,559,849$2,757,271$1,990,244$5,854,350
87$8,278,428$2,839,852$2,004,391$6,335,592
88$9,068,647$2,924,824$2,017,357$6,863,327
89$9,937,762$3,012,253$2,029,051$7,442,251
90$10,893,765$3,102,205$2,039,377$8,077,540
91$11,945,466$3,194,750$2,048,232$8,774,896
92$13,102,566$3,289,955$2,055,511$9,540,604
93$14,375,759$3,387,894$2,061,102$10,381,589
94$15,776,825$3,488,639$2,064,887$11,305,483
95$17,318,743$3,592,265$2,066,743$12,320,696
96$19,015,817$3,698,848$2,066,541$13,436,496
97$20,883,805$3,808,466$2,064,144$14,663,095
98$22,940,071$3,921,199$2,059,411$16,011,750
99$25,203,750$4,037,129$2,052,193$17,494,863
100$27,695,922$4,156,339$2,042,332$19,126,104