Can I retire at age 69 with 919,000?

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 $919,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$75,890$75,214$74,555$73,911$73,282$72,608
2 years$37,569$36,870$36,192$35,534$34,896$34,217
3 years$24,797$24,095$23,418$22,767$22,140$21,476
4 years$18,413$17,712$17,043$16,402$15,790$15,148
5 years$14,583$13,887$13,226$12,599$12,003$11,384
6 years$12,031$11,339$10,688$10,075$9,498$8,902
7 years$10,208$9,523$8,882$8,283$7,724$7,153
8 years$8,842$8,163$7,533$6,949$6,408$5,860
9 years$7,780$7,107$6,488$5,919$5,397$4,873
10 years$6,931$6,265$5,656$5,102$4,598$4,098
11 years$6,236$5,577$4,980$4,440$3,955$3,477
12 years$5,658$5,006$4,419$3,895$3,427$2,972
13 years$5,170$4,524$3,948$3,438$2,988$2,556
14 years$4,751$4,112$3,548$3,052$2,620$2,209
15 years$4,388$3,756$3,203$2,722$2,306$1,917
16 years$4,072$3,446$2,904$2,437$2,038$1,669
17 years$3,792$3,174$2,643$2,190$1,807$1,458
18 years$3,544$2,933$2,412$1,974$1,607$1,276
19 years$3,323$2,718$2,208$1,783$1,432$1,120
20 years$3,123$2,526$2,027$1,615$1,279$985
21 years$2,943$2,353$1,864$1,466$1,145$867
22 years$2,780$2,196$1,718$1,333$1,026$765
23 years$2,631$2,054$1,586$1,214$921$675
24 years$2,495$1,924$1,467$1,107$828$597
25 years$2,369$1,806$1,359$1,011$745$528
26 years$2,254$1,697$1,260$924$671$468
27 years$2,147$1,597$1,170$846$605$414
28 years$2,048$1,505$1,088$775$546$367
29 years$1,956$1,420$1,012$711$493$326
30 years$1,871$1,341$943$652$446$289
31 years$1,791$1,268$879$599$403$257
32 years$1,716$1,200$820$551$364$228
33 years$1,646$1,136$766$506$330$203
34 years$1,580$1,077$716$466$299$180
35 years$1,518$1,021$669$429$270$160
36 years$1,460$969$626$395$245$143
37 years$1,404$921$586$364$222$127
38 years$1,352$875$549$335$201$113
39 years$1,303$832$514$309$183$101
40 years$1,256$792$482$285$166$90
41 years$1,212$753$452$263$150$80
42 years$1,170$718$424$243$136$71
43 years$1,130$684$398$224$124$63
44 years$1,092$652$373$207$112$56
45 years$1,056$621$350$191$102$50
46 years$1,021$593$329$177$93$45
47 years$988$566$309$163$84$40
48 years$956$540$291$151$76$35
49 years$926$516$273$139$69$32
50 years$897$493$257$129$63$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $919,000, adding $5,933 every year, while hoping to spend $41,608 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: 32/42/26 Blend
68$919,000$919,000$919,000$919,000
69$1,018,858$970,151$955,906$1,043,202
70$1,078,511$973,418$943,659$1,065,507
71$1,142,854$975,450$929,606$1,085,402
72$1,212,321$976,144$913,644$1,106,005
73$1,287,391$975,387$895,664$1,127,405
74$1,368,587$973,063$875,551$1,149,704
75$1,456,486$969,047$853,185$1,173,019
76$1,551,723$963,205$828,442$1,197,482
77$1,654,994$955,398$801,190$1,223,240
78$1,767,066$945,475$771,293$1,250,463
79$1,888,782$933,278$738,607$1,279,339
80$2,021,069$918,641$702,982$1,310,082
81$2,164,949$901,385$664,262$1,342,930
82$2,321,542$881,321$622,283$1,378,153
83$2,492,085$858,252$576,875$1,416,053
84$2,677,936$831,964$527,859$1,456,968
85$2,880,592$802,236$475,048$1,501,277
86$3,101,697$768,831$418,248$1,549,405
87$3,343,065$731,498$357,254$1,601,825
88$3,606,690$689,974$291,853$1,659,067
89$3,894,767$643,977$221,825$1,721,723
90$4,209,714$593,213$146,938$1,790,453
91$4,554,193$537,369$66,948$1,865,993
92$4,931,134$476,113$0$1,949,162
93$5,343,764$409,097$0$2,045,983
94$5,795,636$335,951$0$2,172,516
95$6,290,664$256,285$0$2,311,377
96$6,833,156$169,688$0$2,463,902
97$7,427,859$75,724$0$2,631,574
98$8,080,001$0$0$2,816,032
99$8,795,337$0$0$3,031,140
100$9,580,210$0$0$3,305,698