Can I retire at age 69 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$75,973$75,296$74,636$73,991$73,362$72,296
2 years$37,610$36,910$36,231$35,573$34,934$33,862
3 years$24,824$24,121$23,444$22,792$22,164$21,119
4 years$18,433$17,731$17,061$16,420$15,807$14,798
5 years$14,599$13,902$13,240$12,612$12,017$11,046
6 years$12,044$11,352$10,700$10,086$9,508$8,578
7 years$10,219$9,533$8,892$8,292$7,733$6,842
8 years$8,852$8,172$7,541$6,956$6,415$5,564
9 years$7,788$7,115$6,495$5,925$5,402$4,591
10 years$6,938$6,271$5,662$5,108$4,603$3,831
11 years$6,243$5,583$4,985$4,445$3,959$3,225
12 years$5,664$5,011$4,424$3,899$3,431$2,734
13 years$5,175$4,529$3,953$3,442$2,992$2,331
14 years$4,756$4,116$3,552$3,056$2,622$1,997
15 years$4,393$3,760$3,207$2,725$2,309$1,718
16 years$4,076$3,450$2,907$2,440$2,041$1,482
17 years$3,796$3,177$2,645$2,192$1,809$1,283
18 years$3,548$2,936$2,415$1,976$1,609$1,113
19 years$3,326$2,721$2,211$1,785$1,434$967
20 years$3,127$2,529$2,029$1,617$1,281$842
21 years$2,947$2,355$1,866$1,467$1,146$735
22 years$2,783$2,199$1,720$1,334$1,027$641
23 years$2,634$2,056$1,588$1,215$922$561
24 years$2,497$1,927$1,469$1,108$829$491
25 years$2,372$1,808$1,360$1,012$746$430
26 years$2,256$1,699$1,262$925$672$377
27 years$2,150$1,599$1,172$847$606$330
28 years$2,050$1,507$1,089$776$547$290
29 years$1,958$1,422$1,014$712$494$255
30 years$1,873$1,343$944$653$446$224
31 years$1,793$1,269$880$600$403$196
32 years$1,718$1,201$821$551$365$173
33 years$1,648$1,137$767$507$330$152
34 years$1,582$1,078$716$466$299$134
35 years$1,520$1,022$670$429$271$117
36 years$1,461$970$627$395$245$103
37 years$1,406$922$586$364$222$91
38 years$1,354$876$549$336$202$80
39 years$1,305$833$515$310$183$70
40 years$1,258$792$482$286$166$62
41 years$1,213$754$452$264$150$55
42 years$1,171$718$424$243$136$48
43 years$1,131$684$398$224$124$42
44 years$1,093$652$374$207$112$37
45 years$1,057$622$351$191$102$33
46 years$1,022$593$330$177$93$29
47 years$989$566$310$163$84$25
48 years$957$541$291$151$76$22
49 years$927$516$273$140$69$20
50 years$898$493$257$129$63$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $920,000, adding $3,527 every year, while hoping to spend $23,991 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: 71/18/11 Blend
68$920,000$920,000$920,000$920,000
69$1,017,478$968,718$954,458$1,087,207
70$1,095,735$990,659$960,906$1,155,789
71$1,181,169$1,012,871$966,766$1,227,564
72$1,274,489$1,035,342$971,993$1,305,486
73$1,376,471$1,058,058$976,540$1,390,158
74$1,487,974$1,081,006$980,356$1,482,242
75$1,609,939$1,104,167$983,390$1,582,465
76$1,743,406$1,127,524$985,587$1,691,632
77$1,889,518$1,151,057$986,888$1,810,627
78$2,049,534$1,174,745$987,234$1,940,424
79$2,224,842$1,198,562$986,562$2,082,096
80$2,416,967$1,222,484$984,804$2,236,826
81$2,627,594$1,246,481$981,890$2,405,918
82$2,858,573$1,270,523$977,748$2,590,805
83$3,111,945$1,294,576$972,300$2,793,070
84$3,389,958$1,318,605$965,467$3,014,456
85$3,695,087$1,342,570$957,164$3,256,881
86$4,030,059$1,366,429$947,301$3,522,462
87$4,397,877$1,390,136$935,788$3,813,530
88$4,801,850$1,413,643$922,527$4,132,654
89$5,245,624$1,436,896$907,416$4,482,663
90$5,733,213$1,459,839$890,350$4,866,677
91$6,269,040$1,482,412$871,217$5,288,134
92$6,857,980$1,504,548$849,901$5,750,820
93$7,505,401$1,526,177$826,279$6,258,909
94$8,217,218$1,547,226$800,226$6,817,000
95$8,999,948$1,567,614$771,607$7,430,164
96$9,860,770$1,587,254$740,283$8,103,984
97$10,807,596$1,606,056$706,109$8,844,617
98$11,849,139$1,623,922$668,933$9,658,846
99$12,995,004$1,640,747$628,595$10,554,148
100$14,255,771$1,656,420$584,929$11,538,760