Can I retire at age 69 with 913,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $913,000?

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 years$75,395$74,723$74,068$73,428$72,804$71,598
2 years$37,324$36,629$35,955$35,302$34,669$33,457
3 years$24,636$23,937$23,265$22,618$21,995$20,816
4 years$18,293$17,597$16,931$16,295$15,687$14,549
5 years$14,488$13,796$13,139$12,516$11,925$10,832
6 years$11,952$11,265$10,619$10,009$9,436$8,388
7 years$10,141$9,461$8,824$8,229$7,674$6,672
8 years$8,784$8,110$7,484$6,903$6,366$5,411
9 years$7,729$7,061$6,446$5,880$5,361$4,451
10 years$6,886$6,224$5,619$5,069$4,568$3,703
11 years$6,196$5,541$4,947$4,411$3,929$3,107
12 years$5,621$4,973$4,391$3,869$3,405$2,625
13 years$5,136$4,494$3,923$3,416$2,969$2,231
14 years$4,720$4,085$3,525$3,032$2,602$1,905
15 years$4,360$3,732$3,182$2,704$2,291$1,633
16 years$4,045$3,424$2,885$2,421$2,025$1,404
17 years$3,767$3,153$2,625$2,176$1,796$1,211
18 years$3,521$2,914$2,397$1,961$1,597$1,047
19 years$3,301$2,700$2,194$1,772$1,423$907
20 years$3,103$2,509$2,014$1,605$1,271$787
21 years$2,924$2,337$1,852$1,456$1,138$683
22 years$2,762$2,182$1,707$1,324$1,020$594
23 years$2,614$2,041$1,576$1,206$915$518
24 years$2,478$1,912$1,458$1,100$823$451
25 years$2,354$1,794$1,350$1,004$740$394
26 years$2,239$1,686$1,252$918$667$344
27 years$2,133$1,587$1,163$841$601$300
28 years$2,035$1,495$1,081$770$542$262
29 years$1,944$1,411$1,006$706$490$229
30 years$1,858$1,332$937$648$443$201
31 years$1,779$1,259$873$595$400$176
32 years$1,705$1,192$815$547$362$154
33 years$1,635$1,129$761$503$328$135
34 years$1,570$1,070$711$463$297$118
35 years$1,508$1,015$665$426$269$103
36 years$1,450$963$622$392$243$90
37 years$1,395$915$582$362$221$79
38 years$1,344$869$545$333$200$69
39 years$1,295$826$511$307$181$61
40 years$1,248$786$479$283$164$53
41 years$1,204$749$449$262$149$47
42 years$1,162$713$421$241$135$41
43 years$1,123$679$395$223$123$36
44 years$1,085$647$371$206$112$32
45 years$1,049$617$348$190$101$28
46 years$1,014$589$327$175$92$24
47 years$981$562$307$162$83$21
48 years$950$537$289$150$76$19
49 years$920$512$271$138$69$16
50 years$891$489$255$128$63$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $913,000, adding $6,294 every year, while hoping to spend $31,776 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: 41/50/9 Blend
68$913,000$913,000$913,000$913,000
69$1,012,618$964,229$950,078$1,051,181
70$1,082,096$977,667$948,096$1,092,230
71$1,157,595$990,698$944,983$1,132,962
72$1,239,697$1,003,270$940,667$1,176,325
73$1,329,040$1,015,324$935,073$1,222,573
74$1,426,327$1,026,800$928,123$1,271,983
75$1,532,332$1,037,632$919,734$1,324,863
76$1,647,906$1,047,752$909,821$1,381,553
77$1,773,985$1,057,085$898,293$1,442,430
78$1,911,601$1,065,552$885,056$1,507,909
79$2,061,889$1,073,068$870,010$1,578,450
80$2,226,099$1,079,546$853,052$1,654,561
81$2,405,605$1,084,888$834,074$1,736,803
82$2,601,924$1,088,994$812,962$1,825,798
83$2,816,722$1,091,756$789,598$1,922,230
84$3,051,835$1,093,060$763,857$2,026,859
85$3,309,286$1,092,784$735,610$2,140,522
86$3,591,300$1,090,798$704,721$2,264,145
87$3,900,332$1,086,965$671,047$2,398,750
88$4,239,079$1,081,141$634,441$2,545,469
89$4,610,518$1,073,170$594,748$2,705,548
90$5,017,924$1,062,888$551,805$2,880,368
91$5,464,905$1,050,122$505,443$3,071,453
92$5,955,436$1,034,688$455,486$3,280,484
93$6,493,893$1,016,391$401,748$3,509,320
94$7,085,100$995,024$344,036$3,760,015
95$7,734,368$970,368$282,149$4,034,834
96$8,447,549$942,191$215,876$4,336,281
97$9,231,089$910,248$144,998$4,667,118
98$10,092,089$874,280$69,285$5,030,398
99$11,038,374$834,011$0$5,429,489
100$12,078,562$789,151$0$5,869,216