Can I retire at age 69 with 1,600,000?

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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$132,127$130,950$129,801$128,681$127,586$126,889
2 years$65,409$64,191$63,010$61,866$60,755$60,051
3 years$43,173$41,950$40,772$39,638$38,546$37,857
4 years$32,057$30,837$29,671$28,557$27,491$26,823
5 years$25,389$24,177$23,026$21,934$20,898$20,253
6 years$20,945$19,742$18,609$17,541$16,536$15,915
7 years$17,773$16,579$15,464$14,422$13,448$12,851
8 years$15,394$14,212$13,115$12,098$11,157$10,583
9 years$13,545$12,374$11,296$10,305$9,396$8,846
10 years$12,067$10,907$9,848$8,883$8,005$7,479
11 years$10,858$9,710$8,670$7,731$6,885$6,382
12 years$9,851$8,715$7,694$6,781$5,966$5,486
13 years$9,000$7,876$6,874$5,986$5,203$4,745
14 years$8,271$7,159$6,177$5,314$4,561$4,124
15 years$7,640$6,540$5,577$4,739$4,016$3,601
16 years$7,089$6,000$5,056$4,243$3,549$3,155
17 years$6,602$5,526$4,601$3,813$3,147$2,772
18 years$6,171$5,106$4,200$3,436$2,798$2,443
19 years$5,785$4,732$3,845$3,105$2,494$2,158
20 years$5,438$4,398$3,529$2,812$2,228$1,909
21 years$5,124$4,096$3,246$2,552$1,993$1,693
22 years$4,840$3,824$2,991$2,320$1,787$1,503
23 years$4,581$3,576$2,762$2,113$1,604$1,336
24 years$4,343$3,351$2,554$1,927$1,442$1,189
25 years$4,125$3,144$2,366$1,760$1,297$1,059
26 years$3,924$2,955$2,194$1,609$1,169$945
27 years$3,738$2,781$2,038$1,473$1,054$843
28 years$3,566$2,621$1,894$1,350$951$753
29 years$3,406$2,472$1,763$1,238$858$673
30 years$3,257$2,335$1,642$1,136$776$602
31 years$3,118$2,207$1,531$1,043$701$538
32 years$2,987$2,088$1,428$959$634$482
33 years$2,865$1,978$1,333$882$574$432
34 years$2,751$1,875$1,246$811$520$387
35 years$2,643$1,778$1,165$747$471$346
36 years$2,541$1,688$1,090$688$427$310
37 years$2,445$1,603$1,020$634$387$278
38 years$2,355$1,523$955$584$350$250
39 years$2,269$1,448$895$539$318$224
40 years$2,187$1,378$839$497$288$201
41 years$2,110$1,312$786$458$262$180
42 years$2,037$1,249$738$423$237$162
43 years$1,967$1,190$692$390$215$145
44 years$1,901$1,135$650$361$195$130
45 years$1,838$1,082$610$333$177$117
46 years$1,778$1,032$573$308$161$105
47 years$1,720$985$538$284$146$94
48 years$1,665$940$506$263$133$85
49 years$1,612$898$476$243$121$76
50 years$1,562$858$447$224$110$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,600,000, adding $4,608 every year, while hoping to spend $21,337 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: 21/50/29 Blend
68$1,600,000$1,600,000$1,600,000$1,600,000
69$1,767,953$1,683,153$1,658,353$1,788,722
70$1,925,582$1,742,925$1,691,206$1,867,925
71$2,098,574$1,804,911$1,724,443$1,950,472
72$2,288,473$1,869,197$1,758,057$2,038,252
73$2,496,981$1,935,871$1,792,036$2,131,702
74$2,725,973$2,005,028$1,826,368$2,231,301
75$2,977,511$2,076,764$1,861,041$2,337,575
76$3,253,872$2,151,180$1,896,040$2,451,098
77$3,557,560$2,228,380$1,931,351$2,572,500
78$3,891,335$2,308,476$1,966,956$2,702,473
79$4,258,240$2,391,579$2,002,837$2,841,775
80$4,661,623$2,477,809$2,038,974$2,991,237
81$5,105,176$2,567,289$2,075,347$3,151,772
82$5,592,965$2,660,148$2,111,933$3,324,382
83$6,129,472$2,756,519$2,148,707$3,510,166
84$6,719,631$2,856,542$2,185,642$3,710,333
85$7,368,884$2,960,363$2,222,711$3,926,208
86$8,083,221$3,068,131$2,259,883$4,159,249
87$8,869,246$3,180,006$2,297,126$4,411,057
88$9,734,234$3,296,152$2,334,404$4,683,391
89$10,686,201$3,416,738$2,371,682$4,978,185
90$11,733,979$3,541,944$2,408,919$5,297,565
91$12,887,302$3,671,956$2,446,074$5,643,868
92$14,156,891$3,806,966$2,483,102$6,019,663
93$15,554,564$3,947,177$2,519,956$6,427,778
94$17,093,339$4,092,800$2,556,585$6,871,320
95$18,787,565$4,244,052$2,592,936$7,353,708
96$20,653,049$4,401,163$2,628,951$7,878,703
97$22,707,211$4,564,370$2,664,572$8,450,445
98$24,969,244$4,733,923$2,699,733$9,073,485
99$27,460,301$4,910,079$2,734,368$9,752,835
100$30,203,689$5,093,109$2,768,406$10,494,009