Can I retire at age 69 with 917,000?

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 $917,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$75,725$75,050$74,392$73,750$73,123$71,705
2 years$37,488$36,789$36,113$35,457$34,820$33,398
3 years$24,743$24,042$23,367$22,717$22,092$20,708
4 years$18,373$17,674$17,005$16,367$15,756$14,423
5 years$14,551$13,856$13,197$12,571$11,977$10,698
6 years$12,004$11,315$10,665$10,053$9,477$8,254
7 years$10,186$9,502$8,863$8,265$7,708$6,540
8 years$8,823$8,145$7,516$6,934$6,394$5,282
9 years$7,763$7,092$6,474$5,906$5,385$4,327
10 years$6,916$6,251$5,644$5,091$4,588$3,584
11 years$6,223$5,565$4,969$4,431$3,946$2,994
12 years$5,646$4,995$4,410$3,886$3,419$2,519
13 years$5,158$4,514$3,940$3,431$2,982$2,131
14 years$4,741$4,103$3,540$3,046$2,614$1,811
15 years$4,379$3,748$3,196$2,716$2,301$1,545
16 years$4,063$3,439$2,898$2,432$2,034$1,322
17 years$3,784$3,167$2,637$2,185$1,804$1,134
18 years$3,537$2,926$2,407$1,969$1,604$975
19 years$3,315$2,712$2,204$1,779$1,429$840
20 years$3,117$2,520$2,022$1,612$1,277$725
21 years$2,937$2,348$1,860$1,463$1,143$627
22 years$2,774$2,191$1,714$1,330$1,024$542
23 years$2,625$2,050$1,583$1,211$919$470
24 years$2,489$1,920$1,464$1,105$826$407
25 years$2,364$1,802$1,356$1,009$744$353
26 years$2,249$1,694$1,258$922$670$307
27 years$2,142$1,594$1,168$844$604$266
28 years$2,044$1,502$1,086$774$545$231
29 years$1,952$1,417$1,010$709$492$201
30 years$1,867$1,338$941$651$445$175
31 years$1,787$1,265$877$598$402$152
32 years$1,712$1,197$818$549$364$133
33 years$1,642$1,134$764$505$329$115
34 years$1,576$1,074$714$465$298$100
35 years$1,515$1,019$668$428$270$87
36 years$1,456$967$625$394$244$76
37 years$1,401$919$585$363$222$66
38 years$1,349$873$547$335$201$58
39 years$1,300$830$513$309$182$50
40 years$1,254$790$481$285$165$44
41 years$1,209$752$451$263$150$38
42 years$1,167$716$423$242$136$33
43 years$1,128$682$397$224$123$29
44 years$1,090$650$372$207$112$25
45 years$1,053$620$350$191$102$22
46 years$1,019$592$328$176$92$19
47 years$986$565$309$163$84$17
48 years$954$539$290$150$76$15
49 years$924$515$273$139$69$13
50 years$895$492$256$129$63$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $917,000, adding $3,571 every year, while hoping to spend $50,743 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: 46/28/26 Blend
68$917,000$917,000$917,000$917,000
69$1,014,217$965,616$951,403$1,053,144
70$1,063,678$958,942$929,285$1,074,312
71$1,116,482$950,239$904,725$1,092,042
72$1,172,918$939,355$877,588$1,110,284
73$1,233,301$926,129$847,733$1,129,111
74$1,297,976$910,388$815,011$1,148,610
75$1,367,323$891,951$779,267$1,168,877
76$1,441,758$870,624$740,340$1,190,022
77$1,521,736$846,204$698,061$1,212,173
78$1,607,759$818,474$652,252$1,235,473
79$1,700,377$787,205$602,728$1,260,082
80$1,800,194$752,156$549,298$1,286,185
81$1,907,873$713,071$491,758$1,313,989
82$2,024,143$669,679$429,899$1,343,727
83$2,149,805$621,692$363,500$1,375,662
84$2,285,739$568,809$292,332$1,410,090
85$2,432,913$510,710$216,153$1,447,343
86$2,592,391$447,055$134,715$1,487,793
87$2,765,342$377,488$47,756$1,531,859
88$2,953,053$301,631$0$1,580,008
89$3,156,938$219,085$0$1,645,261
90$3,378,553$129,428$0$1,730,658
91$3,619,611$32,215$0$1,823,671
92$3,881,995$0$0$1,925,118
93$4,167,778$0$0$2,058,402
94$4,479,239$0$0$2,214,577
95$4,818,890$0$0$2,384,987
96$5,189,492$0$0$2,571,032
97$5,594,087$0$0$2,774,251
98$6,036,021$0$0$2,996,339
99$6,518,979$0$0$3,239,161
100$7,047,019$0$0$3,504,774