Can I retire at age 69 with 923,000?

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 $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%12.3%
1 years$76,220$75,542$74,879$74,233$73,601$72,893
2 years$37,733$37,030$36,349$35,689$35,048$34,335
3 years$24,905$24,200$23,520$22,866$22,236$21,540
4 years$18,493$17,789$17,117$16,474$15,859$15,185
5 years$14,646$13,947$13,283$12,653$12,056$11,406
6 years$12,083$11,389$10,735$10,119$9,539$8,915
7 years$10,253$9,564$8,921$8,319$7,758$7,159
8 years$8,880$8,198$7,565$6,979$6,436$5,862
9 years$7,814$7,138$6,516$5,945$5,420$4,871
10 years$6,961$6,292$5,681$5,124$4,618$4,094
11 years$6,264$5,601$5,001$4,460$3,972$3,472
12 years$5,683$5,027$4,439$3,912$3,442$2,966
13 years$5,192$4,543$3,966$3,453$3,001$2,549
14 years$4,772$4,130$3,563$3,066$2,631$2,201
15 years$4,407$3,773$3,217$2,734$2,317$1,909
16 years$4,089$3,461$2,917$2,448$2,047$1,661
17 years$3,809$3,188$2,654$2,199$1,815$1,450
18 years$3,560$2,946$2,423$1,982$1,614$1,268
19 years$3,337$2,730$2,218$1,791$1,439$1,112
20 years$3,137$2,537$2,036$1,622$1,285$977
21 years$2,956$2,363$1,872$1,472$1,150$860
22 years$2,792$2,206$1,726$1,339$1,031$758
23 years$2,642$2,063$1,593$1,219$925$668
24 years$2,505$1,933$1,474$1,112$832$590
25 years$2,380$1,814$1,365$1,015$748$522
26 years$2,264$1,705$1,266$928$674$462
27 years$2,157$1,604$1,175$850$608$409
28 years$2,057$1,512$1,093$779$548$362
29 years$1,965$1,426$1,017$714$495$321
30 years$1,879$1,347$947$655$447$285
31 years$1,799$1,273$883$602$405$253
32 years$1,723$1,205$824$553$366$224
33 years$1,653$1,141$769$509$331$199
34 years$1,587$1,081$719$468$300$177
35 years$1,525$1,026$672$431$272$157
36 years$1,466$973$629$397$246$140
37 years$1,411$925$588$366$223$124
38 years$1,358$879$551$337$202$111
39 years$1,309$836$516$311$183$98
40 years$1,262$795$484$287$166$87
41 years$1,217$757$454$264$151$78
42 years$1,175$721$426$244$137$69
43 years$1,135$687$399$225$124$62
44 years$1,097$655$375$208$113$55
45 years$1,060$624$352$192$102$49
46 years$1,025$595$331$177$93$43
47 years$992$568$311$164$84$39
48 years$961$542$292$151$77$34
49 years$930$518$274$140$70$31
50 years$901$495$258$129$63$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $923,000, adding $2,504 every year, while hoping to spend $45,759 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: 37/33/30 Blend
68$923,000$923,000$923,000$923,000
69$1,019,729$970,810$956,503$1,048,248
70$1,075,054$969,692$939,859$1,068,538
71$1,134,489$966,986$921,123$1,086,125
72$1,198,404$962,566$900,178$1,104,262
73$1,267,206$956,297$876,900$1,123,032
74$1,341,343$948,038$851,158$1,142,528
75$1,421,306$937,638$822,818$1,162,857
76$1,507,635$924,937$791,737$1,184,137
77$1,600,921$909,767$757,768$1,206,509
78$1,701,818$891,947$720,756$1,230,126
79$1,811,040$871,290$680,538$1,255,165
80$1,929,375$847,592$636,945$1,281,825
81$2,057,689$820,642$589,801$1,310,332
82$2,196,934$790,214$538,920$1,340,937
83$2,348,157$756,070$484,109$1,373,925
84$2,512,510$717,958$425,167$1,409,617
85$2,691,259$675,611$361,883$1,448,371
86$2,885,798$628,747$294,037$1,490,590
87$3,097,661$577,067$221,399$1,536,725
88$3,328,536$520,257$143,730$1,587,280
89$3,580,280$457,983$60,778$1,642,821
90$3,854,937$389,893$0$1,703,978
91$4,154,757$315,614$0$1,780,336
92$4,482,218$234,754$0$1,885,140
93$4,840,045$146,898$0$1,999,880
94$5,231,240$51,607$0$2,125,629
95$5,659,110$0$0$2,263,574
96$6,127,292$0$0$2,433,757
97$6,639,793$0$0$2,640,690
98$7,201,026$0$0$2,867,429
99$7,815,851$0$0$3,115,953
100$8,489,617$0$0$3,388,442