Can I retire at age 69 with 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 $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%14.1%
1 years$74,321$73,659$73,013$72,383$71,767$70,549
2 years$36,793$36,107$35,443$34,799$34,175$32,952
3 years$24,285$23,597$22,934$22,296$21,682$20,491
4 years$18,032$17,346$16,690$16,063$15,464$14,315
5 years$14,281$13,599$12,952$12,338$11,755$10,652
6 years$11,782$11,105$10,467$9,867$9,302$8,245
7 years$9,997$9,326$8,698$8,112$7,565$6,554
8 years$8,659$7,994$7,377$6,805$6,276$5,312
9 years$7,619$6,960$6,354$5,796$5,285$4,367
10 years$6,787$6,135$5,539$4,997$4,503$3,631
11 years$6,108$5,462$4,877$4,348$3,873$3,045
12 years$5,541$4,902$4,328$3,814$3,356$2,571
13 years$5,063$4,430$3,867$3,367$2,927$2,184
14 years$4,653$4,027$3,474$2,989$2,565$1,863
15 years$4,298$3,679$3,137$2,666$2,259$1,596
16 years$3,987$3,375$2,844$2,387$1,996$1,372
17 years$3,714$3,108$2,588$2,145$1,770$1,182
18 years$3,471$2,872$2,362$1,933$1,574$1,021
19 years$3,254$2,662$2,163$1,746$1,403$884
20 years$3,059$2,474$1,985$1,582$1,253$766
21 years$2,883$2,304$1,826$1,436$1,121$665
22 years$2,722$2,151$1,683$1,305$1,005$578
23 years$2,577$2,012$1,554$1,189$902$503
24 years$2,443$1,885$1,437$1,084$811$438
25 years$2,320$1,769$1,331$990$730$382
26 years$2,207$1,662$1,234$905$657$333
27 years$2,103$1,564$1,146$829$593$291
28 years$2,006$1,474$1,065$759$535$254
29 years$1,916$1,391$991$696$483$222
30 years$1,832$1,313$924$639$436$194
31 years$1,754$1,242$861$587$394$170
32 years$1,680$1,175$803$539$357$148
33 years$1,612$1,113$750$496$323$130
34 years$1,547$1,054$701$456$292$113
35 years$1,487$1,000$655$420$265$99
36 years$1,429$949$613$387$240$87
37 years$1,375$902$574$356$217$76
38 years$1,324$857$537$329$197$67
39 years$1,276$815$503$303$179$58
40 years$1,230$775$472$279$162$51
41 years$1,187$738$442$258$147$45
42 years$1,146$703$415$238$133$39
43 years$1,107$670$389$220$121$34
44 years$1,069$638$366$203$110$30
45 years$1,034$609$343$187$100$26
46 years$1,000$581$322$173$91$23
47 years$968$554$303$160$82$20
48 years$937$529$285$148$75$18
49 years$907$505$267$136$68$16
50 years$879$482$251$126$62$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $900,000, adding $4,590 every year, while hoping to spend $39,417 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: 81/14/5 Blend
68$900,000$900,000$900,000$900,000
69$996,535$948,835$934,885$1,076,751
70$1,056,242$953,388$924,264$1,134,421
71$1,120,718$956,844$911,966$1,191,967
72$1,190,408$959,106$897,894$1,253,903
73$1,265,801$960,073$881,945$1,320,646
74$1,347,434$959,638$864,011$1,392,654
75$1,435,898$957,686$843,981$1,470,434
76$1,531,842$954,096$821,737$1,554,540
77$1,635,982$948,738$797,157$1,645,585
78$1,749,102$941,477$770,112$1,744,244
79$1,872,068$932,166$740,468$1,851,261
80$2,005,830$920,653$708,085$1,967,454
81$2,151,434$906,774$672,815$2,093,727
82$2,310,031$890,357$634,505$2,231,072
83$2,482,888$871,219$592,996$2,380,588
84$2,671,400$849,166$548,118$2,543,480
85$2,877,101$823,993$499,698$2,721,079
86$3,101,679$795,483$447,552$2,914,852
87$3,346,995$763,406$391,489$3,126,416
88$3,615,095$727,519$331,310$3,357,551
89$3,908,231$687,565$266,806$3,610,220
90$4,228,887$643,271$197,760$3,886,588
91$4,579,793$594,351$123,945$4,189,038
92$4,963,957$540,499$45,122$4,520,200
93$5,384,692$481,395$0$4,882,971
94$5,845,646$416,699$0$5,282,623
95$6,350,837$346,052$0$5,723,301
96$6,904,689$269,075$0$6,206,488
97$7,512,074$185,367$0$6,736,476
98$8,178,361$94,505$0$7,317,993
99$8,909,461$0$0$7,956,252
100$9,711,885$0$0$8,657,604