Can I retire at age 69 with 923,000?

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 $923,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$76,220$75,542$74,879$74,233$73,601$72,412
2 years$37,733$37,030$36,349$35,689$35,048$33,853
3 years$24,905$24,200$23,520$22,866$22,236$21,072
4 years$18,493$17,789$17,117$16,474$15,859$14,736
5 years$14,646$13,947$13,283$12,653$12,056$10,976
6 years$12,083$11,389$10,735$10,119$9,539$8,505
7 years$10,253$9,564$8,921$8,319$7,758$6,769
8 years$8,880$8,198$7,565$6,979$6,436$5,492
9 years$7,814$7,138$6,516$5,945$5,420$4,521
10 years$6,961$6,292$5,681$5,124$4,618$3,763
11 years$6,264$5,601$5,001$4,460$3,972$3,160
12 years$5,683$5,027$4,439$3,912$3,442$2,672
13 years$5,192$4,543$3,966$3,453$3,001$2,272
14 years$4,772$4,130$3,563$3,066$2,631$1,941
15 years$4,407$3,773$3,217$2,734$2,317$1,665
16 years$4,089$3,461$2,917$2,448$2,047$1,433
17 years$3,809$3,188$2,654$2,199$1,815$1,237
18 years$3,560$2,946$2,423$1,982$1,614$1,070
19 years$3,337$2,730$2,218$1,791$1,439$927
20 years$3,137$2,537$2,036$1,622$1,285$805
21 years$2,956$2,363$1,872$1,472$1,150$700
22 years$2,792$2,206$1,726$1,339$1,031$609
23 years$2,642$2,063$1,593$1,219$925$531
24 years$2,505$1,933$1,474$1,112$832$463
25 years$2,380$1,814$1,365$1,015$748$404
26 years$2,264$1,705$1,266$928$674$353
27 years$2,157$1,604$1,175$850$608$309
28 years$2,057$1,512$1,093$779$548$270
29 years$1,965$1,426$1,017$714$495$236
30 years$1,879$1,347$947$655$447$207
31 years$1,799$1,273$883$602$405$181
32 years$1,723$1,205$824$553$366$159
33 years$1,653$1,141$769$509$331$139
34 years$1,587$1,081$719$468$300$122
35 years$1,525$1,026$672$431$272$107
36 years$1,466$973$629$397$246$94
37 years$1,411$925$588$366$223$82
38 years$1,358$879$551$337$202$72
39 years$1,309$836$516$311$183$63
40 years$1,262$795$484$287$166$55
41 years$1,217$757$454$264$151$49
42 years$1,175$721$426$244$137$43
43 years$1,135$687$399$225$124$37
44 years$1,097$655$375$208$113$33
45 years$1,060$624$352$192$102$29
46 years$1,025$595$331$177$93$25
47 years$992$568$311$164$84$22
48 years$961$542$292$151$77$20
49 years$930$518$274$140$70$17
50 years$901$495$258$129$63$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $923,000, adding $5,745 every year, while hoping to spend $22,333 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: 67/10/23 Blend
68$923,000$923,000$923,000$923,000
69$1,023,072$974,153$959,846$1,085,244
70$1,103,663$998,124$968,239$1,151,661
71$1,191,726$1,022,522$976,165$1,221,185
72$1,288,000$1,047,343$983,583$1,296,697
73$1,393,296$1,072,583$990,454$1,378,787
74$1,508,512$1,098,239$996,734$1,468,106
75$1,634,632$1,124,305$1,002,376$1,565,370
76$1,772,743$1,150,774$1,007,334$1,671,368
77$1,924,039$1,177,638$1,011,556$1,786,971
78$2,089,837$1,204,889$1,014,989$1,913,136
79$2,271,587$1,232,515$1,017,579$2,050,921
80$2,470,887$1,260,506$1,019,265$2,201,489
81$2,689,494$1,288,848$1,019,987$2,366,123
82$2,929,347$1,317,525$1,019,681$2,546,236
83$3,192,578$1,346,522$1,018,278$2,743,387
84$3,481,539$1,375,820$1,015,709$2,959,291
85$3,798,818$1,405,397$1,011,897$3,195,841
86$4,147,268$1,435,232$1,006,766$3,455,122
87$4,530,030$1,465,299$1,000,234$3,739,432
88$4,950,566$1,495,572$992,215$4,051,302
89$5,412,689$1,526,020$982,619$4,393,525
90$5,920,599$1,556,610$971,352$4,769,175
91$6,478,923$1,587,308$958,316$5,181,642
92$7,092,762$1,618,074$943,407$5,634,664
93$7,767,730$1,648,867$926,519$6,132,356
94$8,510,018$1,679,641$907,537$6,679,256
95$9,326,444$1,710,347$886,343$7,280,367
96$10,224,520$1,740,933$862,814$7,941,199
97$11,212,524$1,771,341$836,821$8,667,828
98$12,299,574$1,801,509$808,227$9,466,949
99$13,495,720$1,831,372$776,892$10,345,940
100$14,812,032$1,860,859$742,667$11,312,933