Can I retire at age 69 with 928,000?

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 $928,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$76,633$75,951$75,285$74,635$74,000$73,136
2 years$37,937$37,231$36,546$35,882$35,238$34,368
3 years$25,040$24,331$23,648$22,990$22,357$21,508
4 years$18,593$17,886$17,209$16,563$15,945$15,124
5 years$14,726$14,023$13,355$12,722$12,121$11,331
6 years$12,148$11,450$10,793$10,174$9,591$8,832
7 years$10,308$9,616$8,969$8,364$7,800$7,073
8 years$8,929$8,243$7,606$7,017$6,471$5,775
9 years$7,856$7,177$6,551$5,977$5,449$4,785
10 years$6,999$6,326$5,712$5,152$4,643$4,009
11 years$6,298$5,632$5,028$4,484$3,993$3,390
12 years$5,714$5,055$4,463$3,933$3,460$2,886
13 years$5,220$4,568$3,987$3,472$3,018$2,472
14 years$4,797$4,152$3,582$3,082$2,645$2,128
15 years$4,431$3,793$3,234$2,749$2,329$1,839
16 years$4,111$3,480$2,933$2,461$2,058$1,595
17 years$3,829$3,205$2,668$2,211$1,825$1,387
18 years$3,579$2,962$2,436$1,993$1,623$1,209
19 years$3,355$2,745$2,230$1,801$1,446$1,057
20 years$3,154$2,551$2,047$1,631$1,292$925
21 years$2,972$2,376$1,882$1,480$1,156$811
22 years$2,807$2,218$1,735$1,346$1,036$712
23 years$2,657$2,074$1,602$1,226$930$626
24 years$2,519$1,943$1,482$1,118$836$550
25 years$2,393$1,824$1,372$1,021$752$485
26 years$2,276$1,714$1,273$933$678$427
27 years$2,168$1,613$1,182$854$611$377
28 years$2,068$1,520$1,099$783$551$333
29 years$1,975$1,434$1,022$718$498$294
30 years$1,889$1,354$952$659$450$259
31 years$1,808$1,280$888$605$407$229
32 years$1,733$1,211$828$556$368$203
33 years$1,662$1,147$773$511$333$179
34 years$1,595$1,087$723$471$301$159
35 years$1,533$1,031$676$433$273$140
36 years$1,474$979$632$399$247$124
37 years$1,418$930$592$368$224$110
38 years$1,366$883$554$339$203$97
39 years$1,316$840$519$312$184$86
40 years$1,269$799$486$288$167$76
41 years$1,224$761$456$266$152$68
42 years$1,181$725$428$245$138$60
43 years$1,141$690$402$226$125$53
44 years$1,103$658$377$209$113$47
45 years$1,066$628$354$193$103$42
46 years$1,031$599$332$178$93$37
47 years$998$571$312$165$85$33
48 years$966$545$293$152$77$29
49 years$935$521$276$141$70$26
50 years$906$497$259$130$64$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $928,000, adding $2,907 every year, while hoping to spend $40,678 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: 38/49/13 Blend
68$928,000$928,000$928,000$928,000
69$1,025,655$976,471$962,087$1,060,479
70$1,086,990$981,037$951,035$1,090,132
71$1,153,219$984,463$938,251$1,118,001
72$1,224,796$986,651$923,631$1,147,230
73$1,302,224$987,495$907,072$1,177,960
74$1,386,054$986,885$888,461$1,210,351
75$1,476,890$984,701$867,683$1,244,579
76$1,575,400$980,819$844,618$1,280,843
77$1,682,315$975,104$819,137$1,319,364
78$1,798,442$967,414$791,109$1,360,389
79$1,924,667$957,601$760,395$1,404,194
80$2,061,964$945,505$726,849$1,451,084
81$2,211,406$930,957$690,321$1,501,404
82$2,374,174$913,778$650,651$1,555,534
83$2,551,566$893,780$607,674$1,613,898
84$2,745,012$870,761$561,217$1,676,968
85$2,956,085$844,509$511,099$1,745,271
86$3,186,516$814,801$457,131$1,819,391
87$3,438,212$781,397$399,116$1,899,977
88$3,713,271$744,047$336,848$1,987,751
89$4,014,003$702,484$270,111$2,083,516
90$4,342,952$656,427$198,681$2,188,160
91$4,702,919$605,577$122,323$2,302,674
92$5,096,988$549,622$40,791$2,428,154
93$5,528,554$488,227$0$2,565,817
94$6,001,358$421,041$0$2,723,423
95$6,519,518$347,694$0$2,902,513
96$7,087,570$267,792$0$3,099,121
97$7,710,510$180,921$0$3,315,126
98$8,393,840$86,644$0$3,552,606
99$9,143,620$0$0$3,813,862
100$9,966,527$0$0$4,109,796