Can I retire at age 69 with 1,900,000?

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$156,900$155,503$154,139$152,808$151,509$148,389
2 years$77,673$76,227$74,825$73,465$72,147$69,018
3 years$51,268$49,815$48,417$47,070$45,773$42,733
4 years$38,068$36,619$35,235$33,911$32,646$29,717
5 years$30,150$28,710$27,344$26,047$24,817$22,008
6 years$24,873$23,444$22,098$20,830$19,637$16,951
7 years$21,105$19,688$18,363$17,126$15,970$13,408
8 years$18,280$16,876$15,574$14,366$13,249$10,810
9 years$16,085$14,694$13,414$12,237$11,157$8,840
10 years$14,329$12,952$11,694$10,548$9,506$7,308
11 years$12,894$11,530$10,295$9,180$8,176$6,094
12 years$11,698$10,349$9,137$8,052$7,085$5,117
13 years$10,688$9,353$8,163$7,109$6,178$4,320
14 years$9,822$8,501$7,335$6,310$5,416$3,663
15 years$9,073$7,766$6,622$5,628$4,769$3,119
16 years$8,418$7,125$6,004$5,039$4,214$2,663
17 years$7,840$6,562$5,463$4,528$3,737$2,280
18 years$7,328$6,064$4,987$4,080$3,323$1,957
19 years$6,869$5,620$4,566$3,687$2,962$1,682
20 years$6,457$5,222$4,190$3,339$2,645$1,448
21 years$6,085$4,864$3,854$3,031$2,367$1,249
22 years$5,747$4,540$3,552$2,755$2,122$1,078
23 years$5,439$4,247$3,280$2,509$1,905$932
24 years$5,157$3,979$3,033$2,289$1,712$806
25 years$4,898$3,734$2,809$2,090$1,541$697
26 years$4,660$3,509$2,606$1,911$1,388$604
27 years$4,439$3,303$2,420$1,749$1,251$523
28 years$4,235$3,112$2,249$1,603$1,129$454
29 years$4,045$2,936$2,093$1,470$1,019$393
30 years$3,868$2,773$1,950$1,349$921$341
31 years$3,702$2,621$1,818$1,239$833$296
32 years$3,548$2,480$1,696$1,139$753$257
33 years$3,403$2,349$1,583$1,047$682$223
34 years$3,266$2,226$1,479$963$617$194
35 years$3,138$2,111$1,383$887$559$168
36 years$3,018$2,004$1,294$817$507$146
37 years$2,904$1,903$1,211$752$459$127
38 years$2,796$1,809$1,134$694$416$110
39 years$2,694$1,720$1,063$640$377$96
40 years$2,598$1,636$996$590$342$83
41 years$2,506$1,558$934$544$311$72
42 years$2,419$1,484$876$502$282$63
43 years$2,336$1,414$822$464$256$55
44 years$2,257$1,347$772$428$232$48
45 years$2,182$1,285$725$395$211$41
46 years$2,111$1,226$681$365$191$36
47 years$2,043$1,170$639$337$174$31
48 years$1,977$1,117$601$312$158$27
49 years$1,915$1,066$565$288$143$24
50 years$1,855$1,019$531$266$130$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,900,000, adding $3,515 every year, while hoping to spend $53,850 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: 79/5/16 Blend
68$1,900,000$1,900,000$1,900,000$1,900,000
69$2,097,426$1,996,726$1,967,276$2,255,693
70$2,254,067$2,037,269$1,975,883$2,400,997
71$2,424,881$2,077,995$1,982,975$2,553,173
72$2,611,257$2,118,854$1,988,442$2,718,639
73$2,814,722$2,159,795$1,992,172$2,898,706
74$3,036,960$2,200,761$1,994,046$3,094,815
75$3,279,823$2,241,692$1,993,940$3,308,557
76$3,545,351$2,282,520$1,991,722$3,541,681
77$3,835,788$2,323,176$1,987,257$3,796,116
78$4,153,608$2,363,580$1,980,399$4,073,987
79$4,501,532$2,403,652$1,970,999$4,377,635
80$4,882,558$2,443,301$1,958,897$4,709,638
81$5,299,989$2,482,432$1,943,930$5,072,839
82$5,757,458$2,520,942$1,925,922$5,470,369
83$6,258,971$2,558,720$1,904,692$5,905,679
84$6,808,937$2,595,648$1,880,050$6,382,569
85$7,412,213$2,631,600$1,851,797$6,905,229
86$8,074,149$2,666,439$1,819,723$7,478,275
87$8,800,639$2,700,021$1,783,610$8,106,794
88$9,598,173$2,732,190$1,743,229$8,796,392
89$10,473,901$2,762,782$1,698,342$9,553,244
90$11,435,700$2,791,619$1,648,697$10,384,157
91$12,492,246$2,818,514$1,594,034$11,296,634
92$13,653,098$2,843,264$1,534,077$12,298,938
93$14,928,787$2,865,657$1,468,541$13,400,180
94$16,330,912$2,885,463$1,397,127$14,610,398
95$17,872,256$2,902,441$1,319,520$15,940,654
96$19,566,897$2,916,332$1,235,396$17,403,139
97$21,430,349$2,926,861$1,144,410$19,011,287
98$23,479,704$2,933,736$1,046,207$20,779,905
99$25,733,792$2,936,647$940,413$22,725,307
100$28,213,360$2,935,264$826,638$24,865,476