Can I retire at age 69 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$151,945$150,592$149,272$147,983$146,724$145,011
2 years$75,221$73,820$72,462$71,146$69,869$68,144
3 years$49,649$48,242$46,888$45,584$44,328$42,645
4 years$36,866$35,463$34,122$32,840$31,615$29,988
5 years$29,198$27,803$26,480$25,225$24,033$22,466
6 years$24,087$22,704$21,400$20,172$19,017$17,512
7 years$20,438$19,066$17,783$16,585$15,466$14,023
8 years$17,703$16,343$15,082$13,913$12,830$11,450
9 years$15,577$14,230$12,990$11,850$10,805$9,487
10 years$13,877$12,543$11,325$10,215$9,206$7,949
11 years$12,487$11,166$9,970$8,890$7,918$6,721
12 years$11,329$10,022$8,848$7,798$6,861$5,723
13 years$10,350$9,057$7,905$6,884$5,983$4,902
14 years$9,512$8,233$7,103$6,111$5,245$4,219
15 years$8,786$7,521$6,413$5,450$4,618$3,646
16 years$8,152$6,900$5,814$4,880$4,081$3,162
17 years$7,593$6,355$5,291$4,385$3,619$2,750
18 years$7,096$5,872$4,830$3,951$3,218$2,398
19 years$6,652$5,442$4,422$3,570$2,868$2,095
20 years$6,254$5,057$4,058$3,234$2,562$1,834
21 years$5,893$4,711$3,732$2,935$2,292$1,608
22 years$5,566$4,397$3,440$2,668$2,055$1,411
23 years$5,268$4,113$3,176$2,430$1,845$1,241
24 years$4,995$3,853$2,938$2,216$1,658$1,091
25 years$4,744$3,616$2,721$2,024$1,492$961
26 years$4,513$3,398$2,523$1,851$1,344$847
27 years$4,299$3,198$2,343$1,694$1,212$747
28 years$4,101$3,014$2,178$1,552$1,093$659
29 years$3,917$2,843$2,027$1,423$987$582
30 years$3,745$2,685$1,888$1,306$892$514
31 years$3,585$2,538$1,760$1,200$806$455
32 years$3,436$2,402$1,642$1,103$729$402
33 years$3,295$2,274$1,533$1,014$660$355
34 years$3,163$2,156$1,433$933$598$314
35 years$3,039$2,045$1,340$859$541$278
36 years$2,922$1,941$1,253$791$491$246
37 years$2,812$1,843$1,173$729$445$218
38 years$2,708$1,752$1,098$672$403$193
39 years$2,609$1,666$1,029$619$365$171
40 years$2,516$1,585$965$571$332$151
41 years$2,427$1,509$904$527$301$134
42 years$2,343$1,437$848$486$273$119
43 years$2,262$1,369$796$449$248$105
44 years$2,186$1,305$747$415$225$93
45 years$2,114$1,244$702$383$204$83
46 years$2,044$1,187$659$354$185$73
47 years$1,978$1,133$619$327$168$65
48 years$1,915$1,081$582$302$153$57
49 years$1,854$1,033$547$279$139$51
50 years$1,796$986$514$258$126$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,840,000, adding $2,393 every year, while hoping to spend $46,178 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: 73/11/16 Blend
68$1,840,000$1,840,000$1,840,000$1,840,000
69$2,030,148$1,932,628$1,904,108$2,170,832
70$2,188,090$1,978,194$1,918,763$2,309,968
71$2,360,595$2,024,445$1,932,361$2,456,459
72$2,549,099$2,071,366$1,944,818$2,615,712
73$2,755,183$2,118,939$1,956,045$2,788,985
74$2,980,589$2,167,144$1,965,950$2,977,660
75$3,227,234$2,215,960$1,974,435$3,183,262
76$3,497,230$2,265,360$1,981,397$3,407,468
77$3,792,902$2,315,316$1,986,727$3,652,129
78$4,116,808$2,365,797$1,990,314$3,919,281
79$4,471,770$2,416,769$1,992,036$4,211,169
80$4,860,892$2,468,192$1,991,771$4,530,266
81$5,287,594$2,520,024$1,989,386$4,879,297
82$5,755,643$2,572,219$1,984,745$5,261,264
83$6,269,187$2,624,727$1,977,702$5,679,476
84$6,832,796$2,677,491$1,968,107$6,137,576
85$7,451,504$2,730,451$1,955,802$6,639,582
86$8,130,856$2,783,541$1,940,620$7,189,919
87$8,876,960$2,836,691$1,922,387$7,793,464
88$9,696,544$2,889,823$1,900,921$8,455,592
89$10,597,021$2,942,854$1,876,032$9,182,223
90$11,586,557$2,995,694$1,847,518$9,979,885
91$12,674,147$3,048,244$1,815,172$10,855,768
92$13,869,704$3,100,402$1,778,773$11,817,798
93$15,184,145$3,152,052$1,738,093$12,874,707
94$16,629,500$3,203,076$1,692,892$14,036,120
95$18,219,024$3,253,341$1,642,919$15,312,643
96$19,967,318$3,302,709$1,587,911$16,715,963
97$21,890,473$3,351,029$1,527,594$18,258,960
98$24,006,213$3,398,142$1,461,680$19,955,830
99$26,334,070$3,443,875$1,389,870$21,822,215
100$28,895,565$3,488,044$1,311,850$23,875,355