Can I retire at age 69 with 908,000?

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 $908,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$74,982$74,314$73,662$73,026$72,405$71,412
2 years$37,120$36,428$35,758$35,109$34,479$33,479
3 years$24,501$23,806$23,138$22,495$21,875$20,901
4 years$18,192$17,500$16,839$16,206$15,601$14,660
5 years$14,408$13,720$13,067$12,448$11,860$10,954
6 years$11,887$11,204$10,560$9,955$9,384$8,516
7 years$10,086$9,409$8,776$8,184$7,632$6,800
8 years$8,736$8,065$7,443$6,866$6,331$5,537
9 years$7,687$7,022$6,410$5,848$5,332$4,574
10 years$6,848$6,190$5,589$5,041$4,543$3,821
11 years$6,162$5,510$4,920$4,387$3,907$3,220
12 years$5,591$4,946$4,366$3,848$3,386$2,733
13 years$5,108$4,470$3,901$3,397$2,953$2,334
14 years$4,694$4,063$3,505$3,016$2,588$2,002
15 years$4,336$3,711$3,165$2,690$2,279$1,724
16 years$4,023$3,405$2,869$2,408$2,014$1,490
17 years$3,747$3,136$2,611$2,164$1,786$1,291
18 years$3,502$2,898$2,383$1,950$1,588$1,122
19 years$3,283$2,686$2,182$1,762$1,415$977
20 years$3,086$2,496$2,002$1,596$1,264$852
21 years$2,908$2,325$1,842$1,448$1,131$744
22 years$2,747$2,170$1,698$1,317$1,014$651
23 years$2,599$2,029$1,567$1,199$910$570
24 years$2,465$1,901$1,450$1,094$818$499
25 years$2,341$1,784$1,343$999$736$438
26 years$2,227$1,677$1,245$913$663$384
27 years$2,121$1,578$1,156$836$598$338
28 years$2,024$1,487$1,075$766$539$297
29 years$1,933$1,403$1,000$702$487$261
30 years$1,848$1,325$932$645$440$230
31 years$1,769$1,253$869$592$398$202
32 years$1,695$1,185$810$544$360$178
33 years$1,626$1,122$757$500$326$157
34 years$1,561$1,064$707$460$295$138
35 years$1,500$1,009$661$424$267$122
36 years$1,442$958$618$390$242$107
37 years$1,388$910$579$360$219$94
38 years$1,336$864$542$331$199$83
39 years$1,288$822$508$306$180$73
40 years$1,241$782$476$282$164$65
41 years$1,198$744$446$260$148$57
42 years$1,156$709$419$240$135$50
43 years$1,116$676$393$222$122$44
44 years$1,079$644$369$205$111$39
45 years$1,043$614$346$189$101$35
46 years$1,009$586$325$175$91$31
47 years$976$559$306$161$83$27
48 years$945$534$287$149$75$24
49 years$915$510$270$138$68$21
50 years$887$487$254$127$62$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $908,000, adding $4,880 every year, while hoping to spend $52,359 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: 48/41/11 Blend
68$908,000$908,000$908,000$908,000
69$1,005,650$957,526$943,452$1,050,661
70$1,052,516$948,735$919,348$1,073,349
71$1,102,409$937,758$892,682$1,092,115
72$1,155,580$924,434$863,312$1,111,302
73$1,212,307$908,590$831,091$1,130,967
74$1,272,895$890,043$795,865$1,151,174
75$1,337,676$868,601$757,472$1,171,998
76$1,407,015$844,059$715,744$1,193,526
77$1,481,314$816,200$670,504$1,215,856
78$1,561,010$784,796$621,568$1,239,101
79$1,646,586$749,605$568,744$1,263,390
80$1,738,572$710,369$511,831$1,288,870
81$1,837,547$666,818$450,618$1,315,708
82$1,944,149$618,664$384,885$1,344,093
83$2,059,078$565,605$314,405$1,374,238
84$2,183,104$507,319$238,938$1,406,386
85$2,317,071$443,469$158,233$1,440,810
86$2,461,909$373,695$72,030$1,477,818
87$2,618,638$297,620$0$1,517,756
88$2,788,380$214,845$0$1,563,357
89$2,972,369$124,946$0$1,621,890
90$3,171,961$27,480$0$1,685,417
91$3,388,649$0$0$1,754,526
92$3,624,073$0$0$1,865,073
93$3,880,039$0$0$1,998,833
94$4,158,532$0$0$2,144,457
95$4,461,737$0$0$2,303,101
96$4,792,058$0$0$2,476,033
97$5,152,142$0$0$2,664,651
98$5,544,900$0$0$2,870,495
99$5,973,538$0$0$3,095,257
100$6,441,582$0$0$3,340,802