Can I retire at age 69 with 919,000?

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 $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%11.4%
1 years$75,890$75,214$74,555$73,911$73,282$72,851
2 years$37,569$36,870$36,192$35,534$34,896$34,461
3 years$24,797$24,095$23,418$22,767$22,140$21,714
4 years$18,413$17,712$17,043$16,402$15,790$15,378
5 years$14,583$13,887$13,226$12,599$12,003$11,605
6 years$12,031$11,339$10,688$10,075$9,498$9,114
7 years$10,208$9,523$8,882$8,283$7,724$7,355
8 years$8,842$8,163$7,533$6,949$6,408$6,054
9 years$7,780$7,107$6,488$5,919$5,397$5,057
10 years$6,931$6,265$5,656$5,102$4,598$4,273
11 years$6,236$5,577$4,980$4,440$3,955$3,644
12 years$5,658$5,006$4,419$3,895$3,427$3,131
13 years$5,170$4,524$3,948$3,438$2,988$2,706
14 years$4,751$4,112$3,548$3,052$2,620$2,351
15 years$4,388$3,756$3,203$2,722$2,306$2,051
16 years$4,072$3,446$2,904$2,437$2,038$1,795
17 years$3,792$3,174$2,643$2,190$1,807$1,577
18 years$3,544$2,933$2,412$1,974$1,607$1,389
19 years$3,323$2,718$2,208$1,783$1,432$1,225
20 years$3,123$2,526$2,027$1,615$1,279$1,084
21 years$2,943$2,353$1,864$1,466$1,145$960
22 years$2,780$2,196$1,718$1,333$1,026$852
23 years$2,631$2,054$1,586$1,214$921$757
24 years$2,495$1,924$1,467$1,107$828$673
25 years$2,369$1,806$1,359$1,011$745$599
26 years$2,254$1,697$1,260$924$671$534
27 years$2,147$1,597$1,170$846$605$476
28 years$2,048$1,505$1,088$775$546$425
29 years$1,956$1,420$1,012$711$493$379
30 years$1,871$1,341$943$652$446$339
31 years$1,791$1,268$879$599$403$303
32 years$1,716$1,200$820$551$364$271
33 years$1,646$1,136$766$506$330$242
34 years$1,580$1,077$716$466$299$217
35 years$1,518$1,021$669$429$270$194
36 years$1,460$969$626$395$245$174
37 years$1,404$921$586$364$222$156
38 years$1,352$875$549$335$201$140
39 years$1,303$832$514$309$183$125
40 years$1,256$792$482$285$166$112
41 years$1,212$753$452$263$150$101
42 years$1,170$718$424$243$136$90
43 years$1,130$684$398$224$124$81
44 years$1,092$652$373$207$112$72
45 years$1,056$621$350$191$102$65
46 years$1,021$593$329$177$93$58
47 years$988$566$309$163$84$52
48 years$956$540$291$151$76$47
49 years$926$516$273$139$69$42
50 years$897$493$257$129$63$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $919,000, adding $2,744 every year, while hoping to spend $57,916 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: 49/39/12 Blend
68$919,000$919,000$919,000$919,000
69$1,015,568$966,861$952,617$1,061,876
70$1,057,534$952,615$922,907$1,079,736
71$1,101,839$935,730$890,262$1,092,845
72$1,148,662$916,016$854,520$1,105,776
73$1,198,194$893,270$815,515$1,118,531
74$1,250,649$867,279$773,074$1,131,115
75$1,306,256$837,817$727,013$1,143,536
76$1,365,269$804,644$677,143$1,155,812
77$1,427,963$767,508$623,264$1,167,962
78$1,494,640$726,141$565,168$1,180,013
79$1,565,630$680,259$502,638$1,192,003
80$1,641,296$629,563$435,447$1,203,975
81$1,722,032$573,735$363,359$1,215,984
82$1,808,273$512,442$286,125$1,228,098
83$1,900,494$445,329$203,488$1,240,396
84$1,999,217$372,023$115,177$1,252,974
85$2,105,013$292,128$20,911$1,265,945
86$2,218,510$205,227$0$1,279,439
87$2,340,394$110,880$0$1,303,813
88$2,471,423$8,621$0$1,332,563
89$2,612,423$0$0$1,363,255
90$2,764,307$0$0$1,439,960
91$2,928,074$0$0$1,526,730
92$3,104,821$0$0$1,620,458
93$3,295,757$0$0$1,721,793
94$3,502,207$0$0$1,831,449
95$3,725,628$0$0$1,950,212
96$3,967,624$0$0$2,078,946
97$4,229,956$0$0$2,218,600
98$4,514,561$0$0$2,370,218
99$4,823,569$0$0$2,534,949
100$5,159,326$0$0$2,714,056