Can I retire at age 69 with 916,000?

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 $916,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$75,642$74,969$74,311$73,670$73,043$71,863
2 years$37,447$36,749$36,073$35,418$34,782$33,596
3 years$24,717$24,016$23,342$22,693$22,067$20,913
4 years$18,353$17,654$16,987$16,349$15,739$14,624
5 years$14,535$13,841$13,183$12,557$11,964$10,893
6 years$11,991$11,302$10,653$10,042$9,467$8,441
7 years$10,175$9,492$8,853$8,256$7,699$6,718
8 years$8,813$8,136$7,508$6,926$6,387$5,451
9 years$7,755$7,084$6,467$5,899$5,379$4,487
10 years$6,908$6,244$5,638$5,085$4,583$3,734
11 years$6,216$5,559$4,963$4,426$3,942$3,136
12 years$5,640$4,989$4,405$3,882$3,416$2,651
13 years$5,153$4,509$3,936$3,427$2,979$2,255
14 years$4,735$4,098$3,536$3,042$2,611$1,927
15 years$4,374$3,744$3,193$2,713$2,299$1,653
16 years$4,058$3,435$2,895$2,429$2,032$1,422
17 years$3,780$3,164$2,634$2,183$1,802$1,227
18 years$3,533$2,923$2,404$1,967$1,602$1,062
19 years$3,312$2,709$2,201$1,777$1,428$920
20 years$3,113$2,518$2,020$1,610$1,275$799
21 years$2,934$2,345$1,858$1,461$1,141$695
22 years$2,771$2,189$1,713$1,328$1,023$605
23 years$2,622$2,047$1,581$1,210$918$527
24 years$2,486$1,918$1,462$1,103$825$460
25 years$2,362$1,800$1,354$1,008$743$401
26 years$2,247$1,692$1,256$921$669$351
27 years$2,140$1,592$1,166$843$603$307
28 years$2,042$1,500$1,084$773$544$268
29 years$1,950$1,415$1,009$709$491$235
30 years$1,865$1,337$940$650$444$205
31 years$1,785$1,264$876$597$401$180
32 years$1,710$1,196$818$549$363$158
33 years$1,640$1,132$763$505$329$138
34 years$1,575$1,073$713$464$298$121
35 years$1,513$1,018$667$428$270$106
36 years$1,455$966$624$394$244$93
37 years$1,400$918$584$363$221$82
38 years$1,348$872$547$334$201$72
39 years$1,299$829$512$308$182$63
40 years$1,252$789$480$284$165$55
41 years$1,208$751$450$262$150$48
42 years$1,166$715$422$242$136$42
43 years$1,126$681$396$224$123$37
44 years$1,088$650$372$206$112$33
45 years$1,052$619$349$191$102$29
46 years$1,018$591$328$176$92$25
47 years$985$564$308$163$84$22
48 years$953$538$290$150$76$19
49 years$923$514$272$139$69$17
50 years$894$491$256$128$63$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $916,000, adding $3,959 every year, while hoping to spend $23,504 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: 73/19/8 Blend
68$916,000$916,000$916,000$916,000
69$1,013,516$964,968$950,770$1,085,917
70$1,091,886$987,243$957,612$1,156,484
71$1,177,463$1,009,822$963,897$1,230,414
72$1,270,956$1,032,695$969,579$1,310,724
73$1,373,147$1,055,851$974,613$1,398,037
74$1,484,896$1,079,276$978,951$1,493,037
75$1,607,153$1,102,958$982,543$1,596,482
76$1,740,960$1,126,880$985,336$1,709,202
77$1,887,466$1,151,025$987,273$1,832,115
78$2,047,937$1,175,375$988,296$1,966,230
79$2,223,766$1,199,908$988,344$2,112,659
80$2,416,489$1,224,602$987,352$2,272,627
81$2,627,795$1,249,432$985,253$2,447,482
82$2,859,547$1,274,371$981,975$2,638,712
83$3,113,794$1,299,388$977,445$2,847,955
84$3,392,796$1,324,453$971,583$3,077,013
85$3,699,039$1,349,529$964,310$3,327,875
86$4,035,265$1,374,580$955,538$3,602,732
87$4,404,492$1,399,565$945,179$3,903,995
88$4,810,046$1,424,439$933,138$4,234,325
89$5,255,589$1,449,155$919,317$4,596,649
90$5,745,158$1,473,663$903,613$4,994,196
91$6,283,198$1,497,906$885,918$5,430,524
92$6,874,608$1,521,827$866,119$5,909,550
93$7,524,782$1,545,361$844,098$6,435,594
94$8,239,667$1,568,440$819,732$7,013,414
95$9,025,811$1,590,992$792,892$7,648,255
96$9,890,432$1,612,939$763,442$8,345,895
97$10,841,480$1,634,197$731,241$9,112,702
98$11,887,715$1,654,676$696,141$9,955,693
99$13,038,788$1,674,282$657,989$10,882,601
100$14,305,334$1,692,912$616,621$11,901,948