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%15.4%
1 years$76,633$75,951$75,285$74,635$74,000$72,358
2 years$37,937$37,231$36,546$35,882$35,238$33,592
3 years$25,040$24,331$23,648$22,990$22,357$20,758
4 years$18,593$17,886$17,209$16,563$15,945$14,407
5 years$14,726$14,023$13,355$12,722$12,121$10,647
6 years$12,148$11,450$10,793$10,174$9,591$8,183
7 years$10,308$9,616$8,969$8,364$7,800$6,458
8 years$8,929$8,243$7,606$7,017$6,471$5,194
9 years$7,856$7,177$6,551$5,977$5,449$4,238
10 years$6,999$6,326$5,712$5,152$4,643$3,495
11 years$6,298$5,632$5,028$4,484$3,993$2,907
12 years$5,714$5,055$4,463$3,933$3,460$2,434
13 years$5,220$4,568$3,987$3,472$3,018$2,050
14 years$4,797$4,152$3,582$3,082$2,645$1,733
15 years$4,431$3,793$3,234$2,749$2,329$1,472
16 years$4,111$3,480$2,933$2,461$2,058$1,253
17 years$3,829$3,205$2,668$2,211$1,825$1,070
18 years$3,579$2,962$2,436$1,993$1,623$915
19 years$3,355$2,745$2,230$1,801$1,446$785
20 years$3,154$2,551$2,047$1,631$1,292$674
21 years$2,972$2,376$1,882$1,480$1,156$579
22 years$2,807$2,218$1,735$1,346$1,036$498
23 years$2,657$2,074$1,602$1,226$930$429
24 years$2,519$1,943$1,482$1,118$836$370
25 years$2,393$1,824$1,372$1,021$752$319
26 years$2,276$1,714$1,273$933$678$276
27 years$2,168$1,613$1,182$854$611$238
28 years$2,068$1,520$1,099$783$551$206
29 years$1,975$1,434$1,022$718$498$178
30 years$1,889$1,354$952$659$450$154
31 years$1,808$1,280$888$605$407$133
32 years$1,733$1,211$828$556$368$115
33 years$1,662$1,147$773$511$333$100
34 years$1,595$1,087$723$471$301$86
35 years$1,533$1,031$676$433$273$75
36 years$1,474$979$632$399$247$65
37 years$1,418$930$592$368$224$56
38 years$1,366$883$554$339$203$48
39 years$1,316$840$519$312$184$42
40 years$1,269$799$486$288$167$36
41 years$1,224$761$456$266$152$31
42 years$1,181$725$428$245$138$27
43 years$1,141$690$402$226$125$24
44 years$1,103$658$377$209$113$20
45 years$1,066$628$354$193$103$18
46 years$1,031$599$332$178$93$15
47 years$998$571$312$165$85$13
48 years$966$545$293$152$77$12
49 years$935$521$276$141$70$10
50 years$906$497$259$130$64$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $928,000, adding $2,272 every year, while hoping to spend $57,811 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: 24/47/29 Blend
68$928,000$928,000$928,000$928,000
69$1,025,000$975,816$961,432$1,040,220
70$1,068,039$962,120$932,129$1,039,722
71$1,113,531$945,816$899,907$1,034,169
72$1,161,665$926,714$864,608$1,027,016
73$1,212,646$904,615$826,064$1,018,170
74$1,266,701$879,306$784,102$1,007,534
75$1,324,077$850,564$738,541$995,008
76$1,385,042$818,151$689,192$980,490
77$1,449,891$781,816$635,855$963,875
78$1,518,948$741,293$578,324$945,054
79$1,592,565$696,301$516,383$923,920
80$1,671,130$646,543$449,805$900,359
81$1,755,067$591,705$378,354$874,258
82$1,844,840$531,454$301,785$845,503
83$1,940,958$465,440$219,840$813,978
84$2,043,981$393,291$132,249$779,567
85$2,154,520$314,617$38,733$742,157
86$2,273,250$229,001$0$701,632
87$2,400,908$136,008$0$676,777
88$2,538,303$35,176$0$662,607
89$2,686,328$0$0$647,116
90$2,845,957$0$0$668,573
91$3,018,266$0$0$711,496
92$3,204,435$0$0$758,000
93$3,405,759$0$0$808,427
94$3,623,664$0$0$863,150
95$3,859,717$0$0$922,581
96$4,115,640$0$0$987,173
97$4,393,327$0$0$1,057,424
98$4,694,862$0$0$1,133,881
99$5,022,536$0$0$1,217,149
100$5,378,870$0$0$1,307,889