Can I retire at age 69 with 910,000?

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 $910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$75,147$74,478$73,825$73,187$72,565$71,275
2 years$37,201$36,509$35,837$35,186$34,555$33,259
3 years$24,555$23,859$23,189$22,544$21,923$20,663
4 years$18,232$17,539$16,876$16,242$15,636$14,420
5 years$14,440$13,751$13,096$12,475$11,886$10,719
6 years$11,913$11,228$10,584$9,977$9,405$8,287
7 years$10,108$9,430$8,795$8,202$7,649$6,581
8 years$8,755$8,083$7,459$6,881$6,345$5,327
9 years$7,704$7,038$6,424$5,861$5,344$4,375
10 years$6,863$6,203$5,601$5,052$4,553$3,632
11 years$6,175$5,522$4,931$4,397$3,916$3,042
12 years$5,603$4,957$4,376$3,857$3,393$2,566
13 years$5,119$4,479$3,910$3,405$2,959$2,176
14 years$4,704$4,072$3,513$3,022$2,594$1,854
15 years$4,345$3,719$3,172$2,695$2,284$1,586
16 years$4,032$3,413$2,876$2,413$2,019$1,361
17 years$3,755$3,143$2,617$2,168$1,790$1,171
18 years$3,510$2,904$2,389$1,954$1,591$1,010
19 years$3,290$2,692$2,187$1,766$1,418$873
20 years$3,093$2,501$2,007$1,599$1,267$756
21 years$2,915$2,330$1,846$1,451$1,134$655
22 years$2,753$2,175$1,701$1,320$1,016$569
23 years$2,605$2,034$1,571$1,202$912$494
24 years$2,470$1,906$1,453$1,096$820$430
25 years$2,346$1,788$1,346$1,001$738$374
26 years$2,232$1,681$1,248$915$665$326
27 years$2,126$1,582$1,159$838$599$284
28 years$2,028$1,491$1,077$768$541$247
29 years$1,937$1,406$1,003$704$488$216
30 years$1,852$1,328$934$646$441$188
31 years$1,773$1,255$871$593$399$164
32 years$1,699$1,188$812$545$361$144
33 years$1,630$1,125$758$501$326$125
34 years$1,564$1,066$709$461$296$109
35 years$1,503$1,011$662$425$268$96
36 years$1,445$960$620$391$243$84
37 years$1,391$912$580$360$220$73
38 years$1,339$866$543$332$199$64
39 years$1,290$824$509$306$181$56
40 years$1,244$784$477$283$164$49
41 years$1,200$746$447$261$149$43
42 years$1,159$711$420$241$135$37
43 years$1,119$677$394$222$122$33
44 years$1,081$645$370$205$111$29
45 years$1,045$615$347$189$101$25
46 years$1,011$587$326$175$92$22
47 years$978$560$306$162$83$19
48 years$947$535$288$149$76$17
49 years$917$511$270$138$69$15
50 years$888$488$254$128$62$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $910,000, adding $6,593 every year, while hoping to spend $50,979 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: 60/35/5 Blend
68$910,000$910,000$910,000$910,000
69$1,009,621$961,391$947,286$1,068,943
70$1,058,361$954,258$924,778$1,102,272
71$1,110,364$945,066$899,809$1,132,129
72$1,165,908$933,662$872,240$1,163,384
73$1,225,301$919,882$841,930$1,196,174
74$1,288,876$903,550$808,729$1,230,648
75$1,357,002$884,485$772,482$1,266,975
76$1,430,081$862,489$733,025$1,305,340
77$1,508,557$837,358$690,188$1,345,952
78$1,592,913$808,873$643,794$1,389,043
79$1,683,685$776,802$593,655$1,434,871
80$1,781,457$740,901$539,579$1,483,723
81$1,886,871$700,911$481,360$1,535,919
82$2,000,634$656,559$418,789$1,591,814
83$2,123,523$607,554$351,642$1,651,804
84$2,256,389$553,590$279,688$1,716,329
85$2,400,169$494,345$202,687$1,785,876
86$2,555,895$429,476$120,385$1,860,990
87$2,724,698$358,623$32,520$1,942,273
88$2,907,824$281,402$0$2,030,394
89$3,106,643$197,412$0$2,129,364
90$3,322,662$106,226$0$2,238,804
91$3,557,537$7,395$0$2,357,908
92$3,813,093$0$0$2,487,708
93$4,091,335$0$0$2,667,688
94$4,394,471$0$0$2,866,940
95$4,724,930$0$0$3,084,221
96$5,085,386$0$0$3,321,297
97$5,478,781$0$0$3,580,114
98$5,908,356$0$0$3,862,811
99$6,377,675$0$0$4,171,746
100$6,890,665$0$0$4,509,512