Can I retire at age 69 with 931,000?

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 $931,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$76,881$76,196$75,528$74,876$74,239$72,007
2 years$38,060$37,351$36,664$35,998$35,352$33,122
3 years$25,121$24,409$23,724$23,064$22,429$20,271
4 years$18,653$17,943$17,265$16,617$15,996$13,927
5 years$14,773$14,068$13,398$12,763$12,160$10,185
6 years$12,188$11,487$10,828$10,207$9,622$7,743
7 years$10,341$9,647$8,998$8,392$7,825$6,042
8 years$8,957$8,269$7,631$7,039$6,492$4,803
9 years$7,882$7,200$6,573$5,996$5,467$3,871
10 years$7,021$6,346$5,730$5,169$4,658$3,153
11 years$6,318$5,650$5,045$4,498$4,006$2,589
12 years$5,732$5,071$4,477$3,946$3,472$2,140
13 years$5,237$4,583$4,000$3,483$3,027$1,778
14 years$4,813$4,166$3,594$3,092$2,654$1,483
15 years$4,446$3,805$3,245$2,758$2,337$1,241
16 years$4,125$3,491$2,942$2,469$2,065$1,042
17 years$3,842$3,215$2,677$2,219$1,831$877
18 years$3,591$2,971$2,444$1,999$1,628$739
19 years$3,366$2,754$2,237$1,807$1,451$624
20 years$3,164$2,559$2,053$1,636$1,296$528
21 years$2,982$2,383$1,889$1,485$1,160$447
22 years$2,816$2,225$1,741$1,350$1,040$379
23 years$2,665$2,081$1,607$1,230$933$321
24 years$2,527$1,950$1,486$1,121$839$272
25 years$2,400$1,830$1,377$1,024$755$231
26 years$2,283$1,720$1,277$936$680$196
27 years$2,175$1,618$1,186$857$613$167
28 years$2,075$1,525$1,102$785$553$142
29 years$1,982$1,439$1,026$720$499$121
30 years$1,895$1,359$955$661$451$103
31 years$1,814$1,284$891$607$408$87
32 years$1,738$1,215$831$558$369$74
33 years$1,667$1,151$776$513$334$63
34 years$1,601$1,091$725$472$302$54
35 years$1,538$1,035$678$435$274$46
36 years$1,479$982$634$400$248$39
37 years$1,423$933$593$369$225$33
38 years$1,370$886$556$340$204$28
39 years$1,320$843$521$313$185$24
40 years$1,273$802$488$289$168$21
41 years$1,228$763$458$267$152$17
42 years$1,185$727$429$246$138$15
43 years$1,145$693$403$227$125$13
44 years$1,106$660$378$210$114$11
45 years$1,069$630$355$194$103$9
46 years$1,034$601$333$179$94$8
47 years$1,001$573$313$165$85$7
48 years$969$547$294$153$77$6
49 years$938$522$277$141$70$5
50 years$909$499$260$130$64$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $931,000, adding $4,113 every year, while hoping to spend $51,446 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: 64/29/7 Blend
68$931,000$931,000$931,000$931,000
69$1,030,205$980,862$966,431$1,094,540
70$1,080,547$974,186$944,068$1,131,224
71$1,134,301$965,458$919,232$1,164,824
72$1,191,758$954,525$891,786$1,200,182
73$1,253,242$941,221$861,585$1,237,463
74$1,319,105$925,373$828,480$1,276,854
75$1,389,734$906,796$792,314$1,318,559
76$1,465,553$885,296$752,923$1,362,807
77$1,547,029$860,665$710,136$1,409,852
78$1,634,674$832,685$663,773$1,459,975
79$1,729,048$801,124$613,647$1,513,489
80$1,830,769$765,737$559,562$1,570,740
81$1,940,514$726,265$501,314$1,632,112
82$2,059,029$682,434$438,690$1,698,031
83$2,187,129$633,953$371,466$1,768,971
84$2,325,716$580,517$299,410$1,845,456
85$2,475,777$521,800$222,278$1,928,066
86$2,638,398$457,460$139,816$2,017,446
87$2,814,775$387,135$51,760$2,114,309
88$3,006,221$310,444$0$2,219,445
89$3,214,180$226,981$0$2,336,883
90$3,440,244$136,320$0$2,468,771
91$3,686,160$38,011$0$2,612,334
92$3,953,852$0$0$2,768,786
93$4,245,437$0$0$2,961,300
94$4,563,246$0$0$3,184,406
95$4,909,841$0$0$3,427,783
96$5,288,045$0$0$3,693,419
97$5,700,963$0$0$3,983,505
98$6,152,016$0$0$4,300,449
99$6,644,968$0$0$4,646,907
100$7,183,962$0$0$5,025,799