Can I retire at age 69 with 932,000?

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 $932,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$76,964$76,278$75,609$74,956$74,319$73,882
2 years$38,101$37,391$36,704$36,037$35,390$34,949
3 years$25,148$24,436$23,750$23,089$22,453$22,021
4 years$18,673$17,963$17,284$16,634$16,014$15,595
5 years$14,789$14,083$13,413$12,777$12,173$11,769
6 years$12,201$11,500$10,840$10,218$9,632$9,243
7 years$10,353$9,658$9,008$8,401$7,834$7,459
8 years$8,967$8,278$7,639$7,047$6,499$6,140
9 years$7,890$7,208$6,580$6,002$5,473$5,129
10 years$7,029$6,353$5,736$5,174$4,663$4,334
11 years$6,325$5,656$5,050$4,503$4,010$3,696
12 years$5,738$5,076$4,482$3,950$3,475$3,175
13 years$5,243$4,588$4,004$3,487$3,031$2,744
14 years$4,818$4,170$3,598$3,095$2,657$2,384
15 years$4,450$3,809$3,248$2,761$2,339$2,080
16 years$4,129$3,495$2,945$2,472$2,067$1,821
17 years$3,846$3,219$2,680$2,221$1,833$1,599
18 years$3,594$2,974$2,446$2,001$1,630$1,408
19 years$3,370$2,757$2,240$1,809$1,453$1,243
20 years$3,168$2,562$2,055$1,638$1,298$1,099
21 years$2,985$2,386$1,891$1,487$1,161$974
22 years$2,819$2,227$1,742$1,352$1,041$864
23 years$2,668$2,083$1,609$1,231$934$767
24 years$2,530$1,952$1,488$1,123$840$682
25 years$2,403$1,832$1,378$1,025$756$608
26 years$2,286$1,721$1,278$937$681$541
27 years$2,178$1,620$1,187$858$614$483
28 years$2,077$1,527$1,103$786$554$431
29 years$1,984$1,440$1,027$721$500$385
30 years$1,897$1,360$956$662$452$344
31 years$1,816$1,286$892$608$408$307
32 years$1,740$1,217$832$558$369$275
33 years$1,669$1,152$777$514$334$246
34 years$1,602$1,092$726$473$303$220
35 years$1,539$1,036$679$435$274$197
36 years$1,480$983$635$401$248$176
37 years$1,424$934$594$369$225$158
38 years$1,372$887$556$340$204$142
39 years$1,322$844$521$314$185$127
40 years$1,274$803$489$289$168$114
41 years$1,229$764$458$267$152$102
42 years$1,187$728$430$246$138$91
43 years$1,146$693$403$227$125$82
44 years$1,107$661$379$210$114$73
45 years$1,071$630$355$194$103$66
46 years$1,035$601$334$179$94$59
47 years$1,002$574$314$166$85$53
48 years$970$548$295$153$77$48
49 years$939$523$277$141$70$43
50 years$910$500$260$131$64$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $932,000, adding $3,154 every year, while hoping to spend $56,812 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: 72/13/15 Blend
68$932,000$932,000$932,000$932,000
69$1,030,317$980,921$966,475$1,100,815
70$1,074,962$968,539$938,405$1,135,602
71$1,122,257$953,646$907,490$1,166,465
72$1,172,411$936,059$873,575$1,198,770
73$1,225,655$915,584$836,498$1,232,648
74$1,282,241$892,016$796,089$1,268,245
75$1,342,443$865,138$752,171$1,305,720
76$1,406,561$834,719$704,559$1,345,254
77$1,474,926$800,516$653,057$1,387,044
78$1,547,899$762,272$597,465$1,431,310
79$1,625,875$719,713$537,570$1,478,297
80$1,709,287$672,552$473,151$1,528,275
81$1,798,610$620,483$403,978$1,581,544
82$1,894,366$563,185$329,809$1,638,437
83$1,997,127$500,316$250,393$1,699,321
84$2,107,520$431,518$165,467$1,764,605
85$2,226,233$356,408$74,757$1,834,741
86$2,354,024$274,587$0$1,910,231
87$2,491,721$185,628$0$1,995,157
88$2,640,237$89,085$0$2,099,604
89$2,800,575$0$0$2,212,324
90$2,973,834$0$0$2,336,342
91$3,161,226$0$0$2,484,294
92$3,364,079$0$0$2,644,492
93$3,583,856$0$0$2,818,094
94$3,822,164$0$0$3,006,374
95$4,080,772$0$0$3,210,736
96$4,361,623$0$0$3,432,721
97$4,666,857$0$0$3,674,024
98$4,998,825$0$0$3,936,512
99$5,360,116$0$0$4,222,238
100$5,753,579$0$0$4,533,460