Can I retire at age 69 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$133,778$132,586$131,424$130,289$129,181$125,956
2 years$66,227$64,993$63,798$62,639$61,515$58,286
3 years$43,713$42,474$41,282$40,133$39,028$35,896
4 years$32,458$31,223$30,042$28,914$27,835$24,824
5 years$25,707$24,479$23,314$22,209$21,160$18,279
6 years$21,207$19,989$18,841$17,760$16,743$13,995
7 years$17,995$16,787$15,657$14,602$13,616$11,001
8 years$15,586$14,389$13,279$12,249$11,296$8,813
9 years$13,714$12,528$11,437$10,434$9,513$7,159
10 years$12,217$11,043$9,971$8,994$8,106$5,879
11 years$10,994$9,831$8,778$7,827$6,971$4,868
12 years$9,974$8,824$7,790$6,866$6,041$4,058
13 years$9,113$7,974$6,960$6,061$5,268$3,401
14 years$8,375$7,248$6,254$5,381$4,618$2,862
15 years$7,736$6,622$5,646$4,798$4,066$2,418
16 years$7,177$6,075$5,119$4,297$3,593$2,049
17 years$6,685$5,595$4,658$3,860$3,186$1,740
18 years$6,248$5,170$4,252$3,479$2,833$1,481
19 years$5,857$4,791$3,893$3,144$2,525$1,263
20 years$5,506$4,452$3,573$2,847$2,255$1,079
21 years$5,189$4,147$3,286$2,584$2,018$922
22 years$4,900$3,871$3,029$2,349$1,809$789
23 years$4,638$3,621$2,797$2,140$1,624$676
24 years$4,397$3,392$2,586$1,951$1,460$580
25 years$4,177$3,184$2,395$1,782$1,314$497
26 years$3,973$2,992$2,222$1,630$1,183$427
27 years$3,785$2,816$2,063$1,492$1,067$367
28 years$3,611$2,653$1,918$1,367$963$315
29 years$3,449$2,503$1,785$1,253$869$271
30 years$3,298$2,364$1,662$1,150$785$233
31 years$3,157$2,235$1,550$1,056$710$200
32 years$3,025$2,115$1,446$971$642$172
33 years$2,901$2,003$1,350$893$581$148
34 years$2,785$1,898$1,261$821$526$127
35 years$2,676$1,800$1,179$756$477$110
36 years$2,573$1,709$1,103$696$432$94
37 years$2,476$1,623$1,033$642$391$81
38 years$2,384$1,542$967$591$355$70
39 years$2,297$1,467$906$545$322$60
40 years$2,215$1,395$849$503$292$52
41 years$2,137$1,328$796$464$265$45
42 years$2,062$1,265$747$428$240$38
43 years$1,992$1,205$701$395$218$33
44 years$1,925$1,149$658$365$198$29
45 years$1,861$1,095$618$337$180$25
46 years$1,800$1,045$580$311$163$21
47 years$1,742$997$545$288$148$18
48 years$1,686$952$512$266$135$16
49 years$1,633$909$481$246$122$14
50 years$1,582$868$453$227$111$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,620,000, adding $3,402 every year, while hoping to spend $49,471 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: 82/11/7 Blend
68$1,620,000$1,620,000$1,620,000$1,620,000
69$1,788,749$1,702,889$1,677,779$1,933,940
70$1,918,565$1,733,694$1,681,348$2,060,190
71$2,059,964$1,764,350$1,683,378$2,191,799
72$2,214,075$1,794,798$1,683,766$2,334,758
73$2,382,141$1,824,974$1,682,403$2,490,174
74$2,565,531$1,854,809$1,679,175$2,659,267
75$2,765,749$1,884,228$1,673,961$2,843,381
76$2,984,453$1,913,153$1,666,637$3,043,996
77$3,223,468$1,941,498$1,657,070$3,262,740
78$3,484,802$1,969,172$1,645,122$3,501,409
79$3,770,667$1,996,077$1,630,649$3,761,981
80$4,083,499$2,022,109$1,613,499$4,046,631
81$4,425,978$2,047,155$1,593,514$4,357,760
82$4,801,059$2,071,096$1,570,528$4,698,010
83$5,211,991$2,093,804$1,544,365$5,070,293
84$5,662,358$2,115,144$1,514,845$5,477,816
85$6,156,102$2,134,970$1,481,776$5,924,112
86$6,697,568$2,153,127$1,444,959$6,413,076
87$7,291,541$2,169,451$1,404,185$6,948,995
88$7,943,289$2,183,765$1,359,237$7,536,598
89$8,658,618$2,195,883$1,309,885$8,181,090
90$9,443,921$2,205,606$1,255,890$8,888,211
91$10,306,243$2,212,722$1,197,004$9,664,282
92$11,253,341$2,217,007$1,132,965$10,516,269
93$12,293,763$2,218,221$1,063,500$11,451,851
94$13,436,924$2,216,111$988,325$12,479,484
95$14,693,197$2,210,407$907,141$13,608,490
96$16,074,010$2,200,824$819,636$14,849,140
97$17,591,952$2,187,057$725,487$16,212,753
98$19,260,893$2,168,786$624,354$17,711,800
99$21,096,115$2,145,667$515,881$19,360,026
100$23,114,454$2,117,340$399,698$21,172,577