Can I retire at age 69 with 1,640,000?

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 $1,640,000?

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$135,430$134,223$133,046$131,898$130,776$129,142
2 years$67,044$65,796$64,586$63,412$62,274$60,630
3 years$44,252$42,998$41,791$40,629$39,509$37,906
4 years$32,858$31,608$30,413$29,271$28,178$26,628
5 years$26,024$24,781$23,602$22,483$21,421$19,928
6 years$21,469$20,236$19,074$17,980$16,950$15,517
7 years$18,217$16,994$15,850$14,782$13,784$12,412
8 years$15,779$14,567$13,442$12,400$11,436$10,123
9 years$13,884$12,683$11,578$10,562$9,630$8,377
10 years$12,368$11,180$10,094$9,105$8,206$7,011
11 years$11,129$9,953$8,887$7,924$7,057$5,920
12 years$10,098$8,933$7,887$6,950$6,116$5,035
13 years$9,225$8,073$7,046$6,136$5,333$4,307
14 years$8,478$7,338$6,331$5,447$4,675$3,702
15 years$7,831$6,703$5,716$4,858$4,116$3,195
16 years$7,266$6,150$5,182$4,350$3,638$2,767
17 years$6,767$5,664$4,716$3,908$3,225$2,403
18 years$6,325$5,234$4,305$3,522$2,868$2,092
19 years$5,929$4,851$3,941$3,182$2,556$1,825
20 years$5,574$4,507$3,617$2,882$2,283$1,595
21 years$5,253$4,199$3,327$2,616$2,043$1,397
22 years$4,961$3,919$3,066$2,378$1,832$1,224
23 years$4,695$3,666$2,831$2,166$1,644$1,074
24 years$4,452$3,434$2,618$1,976$1,478$944
25 years$4,228$3,223$2,425$1,804$1,330$830
26 years$4,022$3,029$2,249$1,650$1,198$730
27 years$3,832$2,851$2,088$1,510$1,080$643
28 years$3,655$2,686$1,941$1,383$974$567
29 years$3,491$2,534$1,807$1,269$880$499
30 years$3,338$2,393$1,683$1,164$795$440
31 years$3,196$2,262$1,569$1,069$719$389
32 years$3,062$2,141$1,464$983$650$343
33 years$2,937$2,027$1,367$904$588$303
34 years$2,819$1,921$1,277$831$533$267
35 years$2,709$1,822$1,194$765$483$236
36 years$2,605$1,730$1,117$705$437$209
37 years$2,506$1,643$1,045$650$396$184
38 years$2,413$1,561$979$599$359$163
39 years$2,325$1,485$917$552$326$144
40 years$2,242$1,412$860$509$295$127
41 years$2,163$1,345$806$470$268$113
42 years$2,088$1,281$756$434$243$100
43 years$2,017$1,220$710$400$221$88
44 years$1,949$1,163$666$370$200$78
45 years$1,884$1,109$625$341$182$69
46 years$1,822$1,058$587$315$165$61
47 years$1,763$1,010$552$291$150$54
48 years$1,707$964$519$269$136$48
49 years$1,653$920$487$249$124$42
50 years$1,601$879$458$230$112$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,640,000, adding $2,565 every year, while hoping to spend $46,152 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: 52/36/12 Blend
68$1,640,000$1,640,000$1,640,000$1,640,000
69$1,809,926$1,723,006$1,697,586$1,898,173
70$1,945,433$1,758,328$1,705,350$1,993,991
71$2,093,215$1,793,834$1,711,827$2,093,004
72$2,254,475$1,829,484$1,716,925$2,199,627
73$2,430,538$1,865,235$1,720,548$2,314,591
74$2,622,862$1,901,040$1,722,596$2,438,702
75$2,833,051$1,936,849$1,722,960$2,572,848
76$3,062,874$1,972,606$1,721,531$2,718,007
77$3,314,275$2,008,252$1,718,190$2,875,256
78$3,589,398$2,043,722$1,712,816$3,045,784
79$3,890,600$2,078,949$1,705,279$3,230,902
80$4,220,480$2,113,856$1,695,445$3,432,052
81$4,581,899$2,148,365$1,683,173$3,650,827
82$4,978,007$2,182,389$1,668,313$3,888,981
83$5,412,274$2,215,836$1,650,711$4,148,449
84$5,888,520$2,248,607$1,630,205$4,431,362
85$6,410,957$2,280,596$1,606,624$4,740,073
86$6,984,218$2,311,689$1,579,790$5,077,173
87$7,613,412$2,341,765$1,549,516$5,445,520
88$8,304,162$2,370,694$1,515,608$5,848,262
89$9,062,666$2,398,338$1,477,860$6,288,875
90$9,895,749$2,424,547$1,436,059$6,771,187
91$10,810,931$2,449,165$1,389,982$7,299,419
92$11,816,493$2,472,022$1,339,394$7,878,227
93$12,921,563$2,492,938$1,284,052$8,512,740
94$14,136,194$2,511,723$1,223,698$9,208,616
95$15,471,460$2,528,173$1,158,067$9,972,093
96$16,939,565$2,542,069$1,086,878$10,810,046
97$18,553,953$2,553,182$1,009,841$11,730,056
98$20,329,434$2,561,266$926,648$12,740,480
99$22,282,328$2,566,060$836,983$13,850,532
100$24,430,615$2,567,287$740,511$15,070,369