Can I retire at age 69 with 925,000?

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 $925,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$76,386$75,705$75,041$74,393$73,761$72,629
2 years$37,815$37,110$36,428$35,766$35,124$33,986
3 years$24,959$24,252$23,571$22,916$22,284$21,176
4 years$18,533$17,828$17,154$16,509$15,893$14,823
5 years$14,678$13,977$13,312$12,681$12,082$11,053
6 years$12,109$11,413$10,758$10,141$9,560$8,574
7 years$10,275$9,585$8,940$8,337$7,775$6,831
8 years$8,900$8,216$7,582$6,994$6,450$5,549
9 years$7,831$7,154$6,530$5,957$5,432$4,573
10 years$6,976$6,306$5,693$5,135$4,628$3,811
11 years$6,277$5,613$5,012$4,469$3,980$3,204
12 years$5,695$5,038$4,448$3,920$3,449$2,713
13 years$5,203$4,553$3,974$3,461$3,008$2,310
14 years$4,782$4,139$3,571$3,072$2,637$1,976
15 years$4,417$3,781$3,224$2,740$2,322$1,698
16 years$4,098$3,469$2,923$2,453$2,052$1,463
17 years$3,817$3,195$2,660$2,204$1,819$1,264
18 years$3,567$2,952$2,428$1,986$1,618$1,095
19 years$3,344$2,736$2,223$1,795$1,442$951
20 years$3,144$2,542$2,040$1,626$1,288$827
21 years$2,963$2,368$1,876$1,475$1,152$720
22 years$2,798$2,211$1,729$1,341$1,033$628
23 years$2,648$2,067$1,597$1,222$927$548
24 years$2,511$1,937$1,477$1,114$833$479
25 years$2,385$1,818$1,368$1,018$750$419
26 years$2,269$1,708$1,269$930$676$366
27 years$2,161$1,608$1,178$852$609$321
28 years$2,062$1,515$1,095$780$550$281
29 years$1,969$1,429$1,019$716$496$246
30 years$1,883$1,350$949$657$448$216
31 years$1,802$1,276$885$603$405$189
32 years$1,727$1,207$826$554$367$166
33 years$1,657$1,143$771$510$332$146
34 years$1,590$1,084$720$469$300$128
35 years$1,528$1,028$673$432$272$112
36 years$1,469$976$630$398$247$99
37 years$1,414$927$590$366$223$87
38 years$1,361$881$552$338$203$76
39 years$1,312$837$517$311$184$67
40 years$1,265$797$485$287$167$59
41 years$1,220$758$455$265$151$52
42 years$1,178$722$426$245$137$45
43 years$1,137$688$400$226$125$40
44 years$1,099$656$376$208$113$35
45 years$1,062$626$353$192$103$31
46 years$1,028$597$331$178$93$27
47 years$994$569$311$164$85$24
48 years$963$544$292$152$77$21
49 years$932$519$275$140$70$18
50 years$903$496$258$130$63$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $925,000, adding $5,304 every year, while hoping to spend $21,223 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: 41/36/23 Blend
68$925,000$925,000$925,000$925,000
69$1,024,821$975,796$961,459$1,059,710
70$1,106,772$1,001,029$971,086$1,110,439
71$1,196,370$1,026,787$980,325$1,162,892
72$1,294,374$1,053,073$989,140$1,219,244
73$1,401,617$1,079,891$997,493$1,279,862
74$1,519,018$1,107,242$1,005,346$1,345,154
75$1,647,589$1,135,128$1,012,656$1,415,568
76$1,788,444$1,163,550$1,019,380$1,491,596
77$1,942,809$1,192,508$1,025,473$1,573,783
78$2,112,035$1,222,000$1,030,887$1,662,727
79$2,297,611$1,252,027$1,035,570$1,759,087
80$2,501,175$1,282,584$1,039,469$1,863,591
81$2,724,533$1,313,669$1,042,530$1,977,040
82$2,969,673$1,345,276$1,044,692$2,100,317
83$3,238,786$1,377,400$1,045,895$2,234,394
84$3,534,283$1,410,034$1,046,073$2,380,343
85$3,858,823$1,443,169$1,045,160$2,539,346
86$4,215,333$1,476,794$1,043,083$2,712,705
87$4,607,039$1,510,899$1,039,768$2,901,856
88$5,037,494$1,545,470$1,035,137$3,108,380
89$5,510,612$1,580,492$1,029,108$3,334,020
90$6,030,706$1,615,948$1,021,595$3,580,698
91$6,602,527$1,651,818$1,012,507$3,850,533
92$7,231,309$1,688,082$1,001,751$4,145,859
93$7,922,820$1,724,715$989,227$4,469,249
94$8,683,413$1,761,692$974,832$4,823,540
95$9,520,090$1,798,983$958,457$5,211,858
96$10,440,563$1,836,557$939,989$5,637,650
97$11,453,331$1,874,379$919,310$6,104,713
98$12,567,758$1,912,411$896,294$6,617,235
99$13,794,162$1,950,611$870,812$7,179,832
100$15,143,910$1,988,935$842,728$7,797,589