Can I retire at age 69 with 1,970,000?

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$162,681$161,232$159,818$158,438$157,091$155,644
2 years$80,535$79,035$77,582$76,172$74,805$73,348
3 years$53,157$51,650$50,200$48,804$47,459$46,037
4 years$39,470$37,968$36,533$35,161$33,848$32,471
5 years$31,260$29,768$28,351$27,007$25,731$24,403
6 years$25,789$24,308$22,912$21,598$20,360$19,083
7 years$21,883$20,413$19,040$17,757$16,558$15,332
8 years$18,954$17,498$16,147$14,896$13,737$12,562
9 years$16,677$15,235$13,908$12,688$11,568$10,445
10 years$14,857$13,429$12,125$10,937$9,857$8,784
11 years$13,369$11,955$10,675$9,518$8,477$7,454
12 years$12,129$10,730$9,474$8,349$7,346$6,371
13 years$11,082$9,697$8,464$7,371$6,406$5,479
14 years$10,184$8,814$7,605$6,543$5,615$4,734
15 years$9,407$8,052$6,866$5,835$4,944$4,108
16 years$8,728$7,388$6,225$5,225$4,370$3,577
17 years$8,129$6,804$5,665$4,694$3,875$3,124
18 years$7,598$6,287$5,171$4,231$3,445$2,736
19 years$7,122$5,827$4,734$3,823$3,071$2,401
20 years$6,695$5,414$4,345$3,462$2,743$2,111
21 years$6,310$5,043$3,996$3,142$2,454$1,859
22 years$5,959$4,708$3,683$2,857$2,200$1,639
23 years$5,640$4,403$3,401$2,602$1,975$1,447
24 years$5,347$4,125$3,145$2,373$1,775$1,279
25 years$5,079$3,871$2,913$2,167$1,597$1,132
26 years$4,831$3,639$2,702$1,982$1,439$1,002
27 years$4,603$3,424$2,509$1,814$1,297$888
28 years$4,391$3,227$2,332$1,662$1,170$788
29 years$4,194$3,044$2,170$1,524$1,057$699
30 years$4,010$2,875$2,022$1,399$955$620
31 years$3,839$2,718$1,885$1,285$863$551
32 years$3,678$2,571$1,758$1,180$781$490
33 years$3,528$2,435$1,642$1,086$707$435
34 years$3,387$2,308$1,534$999$640$387
35 years$3,254$2,189$1,434$919$580$344
36 years$3,129$2,078$1,342$847$525$306
37 years$3,011$1,973$1,256$780$476$272
38 years$2,899$1,875$1,176$719$432$242
39 years$2,793$1,783$1,102$663$391$216
40 years$2,693$1,697$1,033$612$355$192
41 years$2,598$1,615$968$564$322$171
42 years$2,508$1,538$908$521$292$152
43 years$2,422$1,466$852$481$265$135
44 years$2,341$1,397$800$444$241$121
45 years$2,263$1,332$751$410$219$107
46 years$2,189$1,271$706$379$198$96
47 years$2,118$1,213$663$350$180$85
48 years$2,050$1,158$623$323$164$76
49 years$1,985$1,106$586$299$149$68
50 years$1,923$1,056$550$276$135$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $1,970,000, adding $4,746 every year, while hoping to spend $47,321 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: 42/31/27 Blend
68$1,970,000$1,970,000$1,970,000$1,970,000
69$2,175,835$2,071,425$2,040,890$2,249,842
70$2,347,422$2,122,576$2,058,911$2,354,627
71$2,534,923$2,174,647$2,075,950$2,463,204
72$2,739,914$2,227,634$2,091,923$2,579,880
73$2,964,127$2,281,529$2,106,743$2,705,430
74$3,209,469$2,336,325$2,120,320$2,840,708
75$3,478,040$2,392,010$2,132,556$2,986,656
76$3,772,153$2,448,572$2,143,350$3,144,313
77$4,094,356$2,505,995$2,152,595$3,314,823
78$4,447,452$2,564,261$2,160,179$3,499,446
79$4,834,532$2,623,349$2,165,985$3,699,573
80$5,258,997$2,683,236$2,169,888$3,916,738
81$5,724,595$2,743,895$2,171,760$4,152,628
82$6,235,453$2,805,296$2,171,463$4,409,107
83$6,796,118$2,867,403$2,168,856$4,688,229
84$7,411,597$2,930,181$2,163,787$4,992,257
85$8,087,406$2,993,586$2,156,101$5,323,686
86$8,829,623$3,057,573$2,145,631$5,685,270
87$9,644,940$3,122,090$2,132,206$6,080,040
88$10,540,733$3,187,082$2,115,644$6,511,342
89$11,525,125$3,252,486$2,095,755$6,982,863
90$12,607,066$3,318,236$2,072,341$7,498,668
91$13,796,416$3,384,258$2,045,193$8,063,239
92$15,104,038$3,450,474$2,014,095$8,681,517
93$16,541,899$3,516,797$1,978,816$9,358,950
94$18,123,185$3,583,133$1,939,119$10,101,544
95$19,862,424$3,649,380$1,894,754$10,915,921
96$21,775,622$3,715,430$1,845,458$11,809,379
97$23,880,413$3,781,164$1,790,959$12,789,968
98$26,196,229$3,846,455$1,730,970$13,866,558
99$28,744,479$3,911,166$1,665,192$15,048,932
100$31,548,751$3,975,149$1,593,312$16,347,871