Can I retire at age 69 with 1,940,000?

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 $1,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$160,203$158,776$157,384$156,025$154,698$150,168
2 years$79,309$77,832$76,400$75,012$73,666$69,138
3 years$52,347$50,864$49,436$48,061$46,737$42,353
4 years$38,869$37,390$35,977$34,625$33,333$29,128
5 years$30,784$29,314$27,919$26,596$25,339$21,324
6 years$25,396$23,937$22,563$21,269$20,050$16,228
7 years$21,549$20,103$18,750$17,486$16,306$12,678
8 years$18,665$17,232$15,901$14,669$13,527$10,090
9 years$16,423$15,003$13,696$12,494$11,392$8,143
10 years$14,631$13,225$11,940$10,770$9,707$6,640
11 years$13,165$11,773$10,512$9,373$8,348$5,460
12 years$11,945$10,567$9,329$8,222$7,234$4,518
13 years$10,913$9,549$8,335$7,259$6,308$3,759
14 years$10,029$8,680$7,489$6,443$5,530$3,140
15 years$9,264$7,929$6,762$5,746$4,869$2,632
16 years$8,595$7,275$6,130$5,145$4,303$2,213
17 years$8,005$6,700$5,578$4,623$3,816$1,865
18 years$7,482$6,191$5,092$4,166$3,393$1,574
19 years$7,014$5,738$4,662$3,765$3,024$1,331
20 years$6,593$5,332$4,278$3,409$2,701$1,127
21 years$6,213$4,967$3,935$3,094$2,417$956
22 years$5,868$4,636$3,627$2,813$2,167$811
23 years$5,554$4,336$3,349$2,562$1,945$689
24 years$5,266$4,063$3,097$2,337$1,748$586
25 years$5,002$3,813$2,869$2,134$1,573$498
26 years$4,758$3,583$2,660$1,951$1,417$424
27 years$4,533$3,372$2,470$1,786$1,277$361
28 years$4,324$3,178$2,297$1,637$1,153$307
29 years$4,130$2,998$2,137$1,501$1,041$262
30 years$3,949$2,831$1,991$1,377$940$223
31 years$3,780$2,676$1,856$1,265$850$190
32 years$3,622$2,532$1,732$1,163$769$162
33 years$3,474$2,398$1,617$1,069$696$138
34 years$3,335$2,273$1,511$984$630$118
35 years$3,204$2,156$1,412$905$571$100
36 years$3,081$2,046$1,321$834$517$86
37 years$2,965$1,943$1,237$768$469$73
38 years$2,855$1,847$1,158$708$425$62
39 years$2,751$1,756$1,085$653$385$53
40 years$2,652$1,671$1,017$602$350$45
41 years$2,559$1,591$954$556$317$39
42 years$2,470$1,515$894$513$288$33
43 years$2,385$1,443$839$473$261$28
44 years$2,305$1,376$788$437$237$24
45 years$2,228$1,312$740$404$215$20
46 years$2,155$1,251$695$373$195$17
47 years$2,086$1,194$653$345$177$15
48 years$2,019$1,140$613$318$161$13
49 years$1,955$1,089$577$294$146$11
50 years$1,894$1,040$542$272$133$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,940,000, adding $5,394 every year, while hoping to spend $39,616 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: 28/43/29 Blend
68$1,940,000$1,940,000$1,940,000$1,940,000
69$2,143,444$2,040,624$2,010,554$2,184,108
70$2,319,924$2,098,463$2,035,756$2,275,038
71$2,513,077$2,157,809$2,060,475$2,368,894
72$2,724,563$2,218,693$2,084,653$2,468,940
73$2,956,207$2,281,148$2,108,227$2,575,738
74$3,210,022$2,345,206$2,131,135$2,689,901
75$3,488,223$2,410,900$2,153,306$2,812,110
76$3,793,249$2,478,262$2,174,670$2,943,109
77$4,127,789$2,547,325$2,195,150$3,083,720
78$4,494,803$2,618,123$2,214,666$3,234,848
79$4,897,550$2,690,688$2,233,135$3,397,488
80$5,339,622$2,765,054$2,250,467$3,572,736
81$5,824,975$2,841,253$2,266,569$3,761,802
82$6,357,966$2,919,318$2,281,343$3,966,013
83$6,943,396$2,999,283$2,294,686$4,186,836
84$7,586,553$3,081,178$2,306,488$4,425,884
85$8,293,262$3,165,036$2,316,636$4,684,936
86$9,069,941$3,250,889$2,325,010$4,965,949
87$9,923,661$3,338,768$2,331,483$5,271,082
88$10,862,210$3,428,704$2,335,924$5,602,712
89$11,894,171$3,520,726$2,338,193$5,963,460
90$13,028,999$3,614,864$2,338,144$6,356,213
91$14,277,110$3,711,145$2,335,625$6,784,151
92$15,649,982$3,809,598$2,330,475$7,250,781
93$17,160,259$3,910,248$2,322,526$7,759,966
94$18,821,876$4,013,120$2,311,600$8,315,963
95$20,650,182$4,118,238$2,297,514$8,923,465
96$22,662,093$4,225,623$2,280,073$9,587,642
97$24,876,244$4,335,297$2,259,073$10,314,194
98$27,313,172$4,447,277$2,234,303$11,109,401
99$29,995,502$4,561,580$2,205,538$11,980,186
100$32,948,165$4,678,220$2,172,546$12,934,178