Can I retire at age 69 with 927,000?

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 $927,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$76,551$75,869$75,204$74,554$73,920$71,298
2 years$37,896$37,191$36,507$35,843$35,200$32,586
3 years$25,013$24,304$23,622$22,965$22,332$19,808
4 years$18,573$17,866$17,191$16,545$15,928$13,514
5 years$14,710$14,007$13,341$12,708$12,108$9,810
6 years$12,135$11,438$10,781$10,163$9,581$7,400
7 years$10,297$9,606$8,959$8,355$7,792$5,729
8 years$8,919$8,234$7,598$7,009$6,464$4,517
9 years$7,848$7,169$6,544$5,970$5,444$3,609
10 years$6,991$6,319$5,706$5,146$4,638$2,914
11 years$6,291$5,626$5,023$4,479$3,989$2,371
12 years$5,708$5,049$4,458$3,929$3,457$1,942
13 years$5,215$4,563$3,983$3,468$3,014$1,598
14 years$4,792$4,148$3,579$3,079$2,642$1,320
15 years$4,427$3,789$3,231$2,746$2,327$1,094
16 years$4,107$3,476$2,929$2,459$2,056$909
17 years$3,825$3,202$2,666$2,209$1,823$757
18 years$3,575$2,958$2,433$1,991$1,621$632
19 years$3,352$2,742$2,228$1,799$1,445$528
20 years$3,151$2,548$2,044$1,629$1,291$442
21 years$2,969$2,373$1,880$1,479$1,155$370
22 years$2,804$2,215$1,733$1,344$1,035$310
23 years$2,654$2,072$1,600$1,224$929$260
24 years$2,516$1,941$1,480$1,117$835$218
25 years$2,390$1,822$1,371$1,020$752$183
26 years$2,273$1,712$1,271$932$677$154
27 years$2,166$1,611$1,180$854$610$129
28 years$2,066$1,518$1,097$782$551$109
29 years$1,973$1,432$1,021$717$497$91
30 years$1,887$1,353$951$658$449$77
31 years$1,806$1,279$887$604$406$65
32 years$1,731$1,210$827$555$368$54
33 years$1,660$1,146$773$511$333$46
34 years$1,594$1,086$722$470$301$38
35 years$1,531$1,030$675$433$273$32
36 years$1,472$978$631$398$247$27
37 years$1,417$929$591$367$224$23
38 years$1,364$883$553$338$203$19
39 years$1,314$839$518$312$184$16
40 years$1,267$798$486$288$167$14
41 years$1,223$760$456$266$152$11
42 years$1,180$724$427$245$137$10
43 years$1,140$690$401$226$125$8
44 years$1,101$657$376$209$113$7
45 years$1,065$627$353$193$103$6
46 years$1,030$598$332$178$93$5
47 years$997$571$312$165$85$4
48 years$965$545$293$152$77$3
49 years$934$520$276$141$70$3
50 years$905$497$259$130$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $927,000, adding $4,145 every year, while hoping to spend $38,592 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: 63/12/25 Blend
68$927,000$927,000$927,000$927,000
69$1,025,830$976,699$962,330$1,083,446
70$1,089,403$983,495$953,507$1,129,717
71$1,158,167$989,331$943,094$1,175,603
72$1,232,610$994,119$930,998$1,224,869
73$1,313,271$997,766$917,121$1,277,850
74$1,400,740$1,000,171$901,360$1,334,918
75$1,495,666$1,001,231$883,606$1,396,483
76$1,598,764$1,000,831$863,747$1,462,997
77$1,710,821$998,854$841,665$1,534,961
78$1,832,700$995,173$817,236$1,612,928
79$1,965,353$989,655$790,332$1,697,507
80$2,109,827$982,155$760,815$1,789,374
81$2,267,273$972,525$728,547$1,889,271
82$2,438,959$960,603$693,378$1,998,022
83$2,626,281$946,221$655,154$2,116,533
84$2,830,774$929,198$613,714$2,245,806
85$3,054,129$909,344$568,889$2,386,948
86$3,298,206$886,458$520,502$2,541,180
87$3,565,054$860,326$468,371$2,709,850
88$3,856,930$830,722$412,301$2,894,446
89$4,176,316$797,407$352,093$3,096,611
90$4,525,949$760,128$287,536$3,318,157
91$4,908,838$718,617$218,412$3,561,085
92$5,328,302$672,592$144,490$3,827,604
93$5,787,992$621,752$65,534$4,120,149
94$6,291,930$565,781$0$4,441,409
95$6,844,548$504,345$0$4,799,347
96$7,450,724$437,090$0$5,211,219
97$8,115,833$363,643$0$5,663,211
98$8,845,795$283,608$0$6,159,383
99$9,647,131$196,570$0$6,704,207
100$10,527,023$102,087$0$7,302,616