Can I retire at age 69 with 935,000?

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 $935,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$77,211$76,524$75,853$75,198$74,558$73,627
2 years$38,223$37,512$36,822$36,153$35,504$34,566
3 years$25,229$24,514$23,826$23,163$22,525$21,611
4 years$18,733$18,021$17,339$16,688$16,065$15,181
5 years$14,837$14,128$13,456$12,818$12,212$11,362
6 years$12,240$11,537$10,874$10,251$9,663$8,846
7 years$10,386$9,689$9,037$8,428$7,859$7,076
8 years$8,996$8,305$7,664$7,070$6,520$5,771
9 years$7,915$7,231$6,601$6,022$5,491$4,776
10 years$7,051$6,374$5,755$5,191$4,678$3,997
11 years$6,345$5,674$5,066$4,518$4,023$3,375
12 years$5,757$5,093$4,496$3,963$3,487$2,870
13 years$5,260$4,602$4,017$3,498$3,040$2,455
14 years$4,834$4,183$3,609$3,105$2,665$2,111
15 years$4,465$3,822$3,259$2,769$2,347$1,822
16 years$4,142$3,506$2,955$2,480$2,074$1,578
17 years$3,858$3,229$2,689$2,228$1,839$1,370
18 years$3,606$2,984$2,454$2,008$1,635$1,193
19 years$3,380$2,765$2,247$1,814$1,457$1,041
20 years$3,178$2,570$2,062$1,643$1,302$910
21 years$2,995$2,394$1,897$1,491$1,165$796
22 years$2,828$2,234$1,748$1,356$1,044$698
23 years$2,677$2,090$1,614$1,235$937$613
24 years$2,538$1,958$1,493$1,126$842$538
25 years$2,411$1,837$1,383$1,029$758$473
26 years$2,293$1,727$1,282$941$683$416
27 years$2,185$1,625$1,191$861$616$367
28 years$2,084$1,531$1,107$789$556$323
29 years$1,990$1,445$1,030$723$502$285
30 years$1,903$1,364$959$664$453$251
31 years$1,822$1,290$894$610$410$222
32 years$1,746$1,220$835$560$371$196
33 years$1,674$1,156$779$515$335$173
34 years$1,607$1,095$728$474$304$152
35 years$1,544$1,039$681$436$275$135
36 years$1,485$986$637$402$249$119
37 years$1,429$937$596$370$226$105
38 years$1,376$890$558$341$205$93
39 years$1,326$846$523$315$186$82
40 years$1,278$805$490$290$168$73
41 years$1,233$767$460$268$153$64
42 years$1,190$730$431$247$139$57
43 years$1,150$696$405$228$126$50
44 years$1,111$663$380$211$114$44
45 years$1,074$632$357$195$104$39
46 years$1,039$603$335$180$94$35
47 years$1,005$576$315$166$86$31
48 years$973$549$296$153$78$27
49 years$942$525$278$142$71$24
50 years$913$501$261$131$64$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $935,000, adding $6,258 every year, while hoping to spend $56,561 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: 26/48/26 Blend
68$935,000$935,000$935,000$935,000
69$1,036,825$987,270$972,778$1,055,197
70$1,082,401$975,466$945,185$1,058,812
71$1,130,730$961,188$914,773$1,057,409
72$1,182,032$944,254$881,386$1,054,726
73$1,236,551$924,474$844,864$1,050,692
74$1,294,550$901,644$805,038$1,045,235
75$1,356,319$875,550$761,731$1,038,283
76$1,422,175$845,963$714,761$1,029,763
77$1,492,465$812,643$663,933$1,019,601
78$1,567,569$775,335$609,047$1,007,725
79$1,647,904$733,769$549,893$994,061
80$1,733,927$687,661$486,252$978,537
81$1,826,139$636,708$417,893$961,086
82$1,925,091$580,592$344,578$941,638
83$2,031,385$518,976$266,056$920,131
84$2,145,685$451,504$182,067$896,504
85$2,268,716$377,800$92,338$870,704
86$2,401,278$297,465$0$842,683
87$2,544,248$210,080$0$813,350
88$2,698,589$115,202$0$809,124
89$2,865,359$12,361$0$804,429
90$3,045,723$0$0$799,349
91$3,240,960$0$0$846,245
92$3,452,474$0$0$904,253
93$3,681,813$0$0$967,288
94$3,930,675$0$0$1,035,831
95$4,200,930$0$0$1,110,418
96$4,494,636$0$0$1,191,634
97$4,814,054$0$0$1,280,124
98$5,161,672$0$0$1,376,599
99$5,540,230$0$0$1,481,840
100$5,952,742$0$0$1,596,708