Can I retire at age 69 with 917,000?

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 $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%13.2%
1 years$75,725$75,050$74,392$73,750$73,123$72,149
2 years$37,488$36,789$36,113$35,457$34,820$33,841
3 years$24,743$24,042$23,367$22,717$22,092$21,137
4 years$18,373$17,674$17,005$16,367$15,756$14,833
5 years$14,551$13,856$13,197$12,571$11,977$11,090
6 years$12,004$11,315$10,665$10,053$9,477$8,625
7 years$10,186$9,502$8,863$8,265$7,708$6,892
8 years$8,823$8,145$7,516$6,934$6,394$5,614
9 years$7,763$7,092$6,474$5,906$5,385$4,641
10 years$6,916$6,251$5,644$5,091$4,588$3,879
11 years$6,223$5,565$4,969$4,431$3,946$3,271
12 years$5,646$4,995$4,410$3,886$3,419$2,779
13 years$5,158$4,514$3,940$3,431$2,982$2,374
14 years$4,741$4,103$3,540$3,046$2,614$2,038
15 years$4,379$3,748$3,196$2,716$2,301$1,756
16 years$4,063$3,439$2,898$2,432$2,034$1,519
17 years$3,784$3,167$2,637$2,185$1,804$1,317
18 years$3,537$2,926$2,407$1,969$1,604$1,145
19 years$3,315$2,712$2,204$1,779$1,429$998
20 years$3,117$2,520$2,022$1,612$1,277$871
21 years$2,937$2,348$1,860$1,463$1,143$761
22 years$2,774$2,191$1,714$1,330$1,024$666
23 years$2,625$2,050$1,583$1,211$919$584
24 years$2,489$1,920$1,464$1,105$826$512
25 years$2,364$1,802$1,356$1,009$744$449
26 years$2,249$1,694$1,258$922$670$395
27 years$2,142$1,594$1,168$844$604$347
28 years$2,044$1,502$1,086$774$545$305
29 years$1,952$1,417$1,010$709$492$269
30 years$1,867$1,338$941$651$445$237
31 years$1,787$1,265$877$598$402$208
32 years$1,712$1,197$818$549$364$184
33 years$1,642$1,134$764$505$329$162
34 years$1,576$1,074$714$465$298$143
35 years$1,515$1,019$668$428$270$126
36 years$1,456$967$625$394$244$111
37 years$1,401$919$585$363$222$98
38 years$1,349$873$547$335$201$86
39 years$1,300$830$513$309$182$76
40 years$1,254$790$481$285$165$67
41 years$1,209$752$451$263$150$59
42 years$1,167$716$423$242$136$52
43 years$1,128$682$397$224$123$46
44 years$1,090$650$372$207$112$41
45 years$1,053$620$350$191$102$36
46 years$1,019$592$328$176$92$32
47 years$986$565$309$163$84$28
48 years$954$539$290$150$76$25
49 years$924$515$273$139$69$22
50 years$895$492$256$129$63$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $917,000, adding $5,650 every year, while hoping to spend $35,220 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: 44/38/18 Blend
68$917,000$917,000$917,000$917,000
69$1,016,362$967,761$953,547$1,055,566
70$1,082,557$977,707$948,018$1,093,609
71$1,154,324$986,961$941,122$1,130,895
72$1,232,193$995,450$932,778$1,170,569
73$1,316,749$1,003,099$922,898$1,212,867
74$1,408,634$1,009,828$911,392$1,258,052
75$1,508,555$1,015,550$898,164$1,306,414
76$1,617,289$1,020,174$883,114$1,358,277
77$1,735,693$1,023,602$866,138$1,413,996
78$1,864,707$1,025,732$847,127$1,473,967
79$2,005,368$1,026,454$825,967$1,538,627
80$2,158,815$1,025,650$802,537$1,608,460
81$2,326,305$1,023,197$776,712$1,684,002
82$2,509,218$1,018,964$748,362$1,765,847
83$2,709,076$1,012,811$717,350$1,854,651
84$2,927,552$1,004,589$683,532$1,951,140
85$3,166,491$994,143$646,759$2,056,119
86$3,427,922$981,305$606,874$2,170,475
87$3,714,080$965,899$563,714$2,295,192
88$4,027,426$947,738$517,109$2,431,357
89$4,370,671$926,624$466,879$2,580,172
90$4,746,799$902,348$412,839$2,742,967
91$5,159,097$874,688$354,793$2,921,211
92$5,611,185$843,407$292,539$3,116,527
93$6,107,051$808,259$225,864$3,330,710
94$6,651,086$768,980$154,547$3,565,744
95$7,248,128$725,291$78,355$3,823,822
96$7,903,505$676,898$0$4,107,363
97$8,623,086$623,490$0$4,419,612
98$9,413,338$564,738$0$4,779,051
99$10,281,382$500,294$0$5,173,932
100$11,235,066$429,791$0$5,607,912