Can I retire at age 69 with 918,000?

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 $918,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$75,808$75,132$74,474$73,830$73,203$72,620
2 years$37,529$36,830$36,152$35,495$34,858$34,271
3 years$24,770$24,069$23,393$22,742$22,116$21,541
4 years$18,393$17,693$17,024$16,385$15,773$15,217
5 years$14,567$13,871$13,211$12,585$11,990$11,454
6 years$12,017$11,327$10,677$10,064$9,488$8,971
7 years$10,197$9,512$8,872$8,274$7,716$7,220
8 years$8,832$8,154$7,525$6,941$6,401$5,926
9 years$7,771$7,099$6,481$5,912$5,391$4,936
10 years$6,923$6,258$5,650$5,096$4,593$4,158
11 years$6,230$5,571$4,974$4,435$3,950$3,535
12 years$5,652$5,000$4,415$3,890$3,423$3,027
13 years$5,164$4,519$3,944$3,435$2,985$2,608
14 years$4,746$4,107$3,544$3,049$2,617$2,258
15 years$4,384$3,752$3,200$2,719$2,304$1,964
16 years$4,067$3,443$2,901$2,435$2,036$1,713
17 years$3,788$3,170$2,640$2,188$1,805$1,500
18 years$3,540$2,930$2,410$1,971$1,605$1,316
19 years$3,319$2,715$2,206$1,781$1,431$1,157
20 years$3,120$2,523$2,025$1,613$1,278$1,020
21 years$2,940$2,350$1,862$1,464$1,144$900
22 years$2,777$2,194$1,716$1,331$1,025$795
23 years$2,628$2,052$1,585$1,212$920$704
24 years$2,492$1,922$1,466$1,106$827$624
25 years$2,367$1,804$1,357$1,010$744$553
26 years$2,251$1,696$1,259$923$670$491
27 years$2,145$1,596$1,169$845$604$436
28 years$2,046$1,504$1,087$774$545$388
29 years$1,954$1,418$1,011$710$493$345
30 years$1,869$1,340$942$652$445$307
31 years$1,789$1,266$878$599$402$273
32 years$1,714$1,198$819$550$364$243
33 years$1,644$1,135$765$506$329$217
34 years$1,578$1,076$715$465$298$193
35 years$1,516$1,020$668$428$270$172
36 years$1,458$968$625$395$245$154
37 years$1,403$920$585$364$222$137
38 years$1,351$874$548$335$201$122
39 years$1,302$831$513$309$182$109
40 years$1,255$791$481$285$165$97
41 years$1,211$753$451$263$150$87
42 years$1,169$717$423$243$136$78
43 years$1,129$683$397$224$124$69
44 years$1,091$651$373$207$112$62
45 years$1,054$621$350$191$102$55
46 years$1,020$592$329$176$92$49
47 years$987$565$309$163$84$44
48 years$955$539$290$151$76$39
49 years$925$515$273$139$69$35
50 years$896$492$257$129$63$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $918,000, adding $6,635 every year, while hoping to spend $54,986 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: 63/14/23 Blend
68$918,000$918,000$918,000$918,000
69$1,018,480$969,826$955,597$1,076,129
70$1,063,860$958,843$929,105$1,104,876
71$1,112,026$945,479$899,882$1,129,552
72$1,163,205$929,558$867,780$1,155,264
73$1,217,642$910,897$832,641$1,182,119
74$1,275,610$889,299$794,303$1,210,238
75$1,337,404$864,557$752,593$1,239,755
76$1,403,349$836,450$707,335$1,270,822
77$1,473,800$804,746$658,341$1,303,606
78$1,549,148$769,199$605,415$1,338,296
79$1,629,819$729,548$548,355$1,375,103
80$1,716,283$685,517$486,947$1,414,260
81$1,809,053$636,817$420,969$1,456,029
82$1,908,693$583,138$350,188$1,500,701
83$2,015,823$524,155$274,362$1,548,601
84$2,131,121$459,523$193,239$1,600,091
85$2,255,336$388,880$106,552$1,655,572
86$2,389,286$311,841$14,027$1,715,491
87$2,533,872$227,999$0$1,780,347
88$2,690,083$136,928$0$1,871,481
89$2,859,007$38,173$0$1,973,744
90$3,041,839$0$0$2,084,447
91$3,239,893$0$0$2,215,020
92$3,454,614$0$0$2,363,012
93$3,687,591$0$0$2,523,643
94$3,940,570$0$0$2,698,127
95$4,215,473$0$0$2,887,795
96$4,514,416$0$0$3,094,115
97$4,839,722$0$0$3,318,701
98$5,193,953$0$0$3,563,327
99$5,579,923$0$0$3,829,948
100$6,000,732$0$0$4,120,714