Can I retire at age 69 with 907,000?

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 $907,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$74,899$74,232$73,581$72,946$72,325$71,363
2 years$37,079$36,388$35,719$35,070$34,441$33,472
3 years$24,474$23,780$23,113$22,470$21,851$20,906
4 years$18,172$17,481$16,820$16,188$15,584$14,672
5 years$14,393$13,705$13,053$12,434$11,847$10,969
6 years$11,873$11,191$10,549$9,944$9,374$8,531
7 years$10,075$9,398$8,766$8,175$7,624$6,817
8 years$8,726$8,056$7,434$6,858$6,324$5,553
9 years$7,678$7,014$6,403$5,841$5,326$4,590
10 years$6,840$6,183$5,582$5,035$4,538$3,837
11 years$6,155$5,504$4,915$4,382$3,903$3,236
12 years$5,584$4,940$4,362$3,844$3,382$2,748
13 years$5,102$4,465$3,897$3,394$2,949$2,348
14 years$4,689$4,058$3,501$3,012$2,585$2,016
15 years$4,331$3,707$3,161$2,687$2,276$1,737
16 years$4,018$3,401$2,866$2,406$2,012$1,502
17 years$3,743$3,132$2,608$2,161$1,784$1,303
18 years$3,498$2,895$2,381$1,948$1,586$1,133
19 years$3,279$2,683$2,180$1,760$1,414$987
20 years$3,083$2,493$2,000$1,594$1,263$861
21 years$2,905$2,322$1,840$1,447$1,130$753
22 years$2,744$2,167$1,696$1,315$1,013$659
23 years$2,597$2,027$1,566$1,198$909$577
24 years$2,462$1,899$1,448$1,093$817$506
25 years$2,338$1,782$1,341$998$735$445
26 years$2,224$1,675$1,244$912$662$391
27 years$2,119$1,577$1,155$835$597$343
28 years$2,022$1,486$1,074$765$539$302
29 years$1,931$1,401$999$702$487$266
30 years$1,846$1,324$931$644$440$234
31 years$1,767$1,251$868$591$398$206
32 years$1,694$1,184$810$544$360$182
33 years$1,624$1,121$756$500$325$160
34 years$1,559$1,063$706$460$295$141
35 years$1,498$1,008$660$423$267$124
36 years$1,441$957$618$390$242$110
37 years$1,386$909$578$359$219$97
38 years$1,335$863$541$331$199$85
39 years$1,286$821$507$305$180$75
40 years$1,240$781$475$282$163$67
41 years$1,196$744$446$260$148$59
42 years$1,155$708$418$240$135$52
43 years$1,115$675$392$221$122$46
44 years$1,078$643$368$204$111$40
45 years$1,042$613$346$189$101$36
46 years$1,008$585$325$174$91$32
47 years$975$558$305$161$83$28
48 years$944$533$287$149$75$25
49 years$914$509$270$138$68$22
50 years$886$486$253$127$62$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $907,000, adding $3,522 every year, while hoping to spend $26,131 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: 54/40/6 Blend
68$907,000$907,000$907,000$907,000
69$1,003,147$955,076$941,017$1,055,776
70$1,077,665$974,071$944,738$1,110,733
71$1,158,908$993,122$947,708$1,167,323
72$1,247,534$1,012,203$949,874$1,228,273
73$1,344,268$1,031,286$951,181$1,293,998
74$1,449,908$1,050,344$951,570$1,364,956
75$1,565,332$1,069,344$950,980$1,441,654
76$1,691,506$1,088,252$949,349$1,524,649
77$1,829,495$1,107,032$946,607$1,614,555
78$1,980,471$1,125,644$942,686$1,712,047
79$2,145,724$1,144,045$937,511$1,817,872
80$2,326,675$1,162,191$931,005$1,932,852
81$2,524,888$1,180,031$923,086$2,057,891
82$2,742,088$1,197,513$913,670$2,193,989
83$2,980,171$1,214,582$902,669$2,342,244
84$3,241,228$1,231,176$889,988$2,503,871
85$3,527,561$1,247,231$875,530$2,680,206
86$3,841,705$1,262,679$859,193$2,872,723
87$4,186,454$1,277,444$840,871$3,083,046
88$4,564,883$1,291,450$820,451$3,312,965
89$4,980,381$1,304,611$797,816$3,564,456
90$5,436,681$1,316,838$772,844$3,839,694
91$5,937,896$1,328,036$745,407$4,141,079
92$6,488,554$1,338,103$715,371$4,471,255
93$7,093,647$1,346,930$682,596$4,833,139
94$7,758,672$1,354,403$646,936$5,229,943
95$8,489,686$1,360,398$608,238$5,665,212
96$9,293,362$1,364,785$566,342$6,142,852
97$10,177,051$1,367,426$521,081$6,667,170
98$11,148,853$1,368,173$472,280$7,242,912
99$12,217,691$1,366,869$419,757$7,875,312
100$13,393,399$1,363,348$363,321$8,570,141