Can I retire at age 69 with 936,000?

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 $936,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$77,294$76,606$75,934$75,278$74,638$74,137
2 years$38,264$37,552$36,861$36,191$35,542$35,036
3 years$25,256$24,540$23,852$23,188$22,549$22,055
4 years$18,753$18,040$17,358$16,706$16,082$15,603
5 years$14,853$14,143$13,470$12,832$12,226$11,763
6 years$12,253$11,549$10,886$10,262$9,674$9,228
7 years$10,397$9,699$9,046$8,437$7,867$7,439
8 years$9,006$8,314$7,672$7,077$6,527$6,116
9 years$7,924$7,239$6,608$6,028$5,496$5,103
10 years$7,059$6,381$5,761$5,196$4,683$4,307
11 years$6,352$5,680$5,072$4,522$4,028$3,668
12 years$5,763$5,098$4,501$3,967$3,490$3,148
13 years$5,265$4,607$4,021$3,502$3,044$2,717
14 years$4,839$4,188$3,613$3,109$2,668$2,357
15 years$4,470$3,826$3,262$2,772$2,349$2,054
16 years$4,147$3,510$2,958$2,482$2,076$1,796
17 years$3,862$3,233$2,691$2,230$1,841$1,575
18 years$3,610$2,987$2,457$2,010$1,637$1,385
19 years$3,384$2,768$2,249$1,816$1,459$1,220
20 years$3,181$2,573$2,064$1,645$1,303$1,078
21 years$2,998$2,396$1,899$1,493$1,166$953
22 years$2,831$2,237$1,750$1,357$1,045$844
23 years$2,680$2,092$1,616$1,236$938$749
24 years$2,541$1,960$1,494$1,128$843$665
25 years$2,413$1,839$1,384$1,030$759$591
26 years$2,296$1,729$1,284$942$684$526
27 years$2,187$1,627$1,192$862$616$468
28 years$2,086$1,533$1,108$790$556$417
29 years$1,993$1,446$1,031$724$502$372
30 years$1,905$1,366$960$665$454$332
31 years$1,824$1,291$895$610$410$296
32 years$1,748$1,222$835$561$371$264
33 years$1,676$1,157$780$516$336$236
34 years$1,609$1,097$729$475$304$211
35 years$1,546$1,040$681$437$275$189
36 years$1,487$987$637$402$250$169
37 years$1,430$938$597$371$226$151
38 years$1,377$891$559$342$205$135
39 years$1,327$847$523$315$186$121
40 years$1,280$806$491$291$169$108
41 years$1,235$767$460$268$153$97
42 years$1,192$731$432$247$139$86
43 years$1,151$696$405$228$126$77
44 years$1,112$664$380$211$114$69
45 years$1,075$633$357$195$104$62
46 years$1,040$604$335$180$94$56
47 years$1,006$576$315$166$86$50
48 years$974$550$296$154$78$45
49 years$943$525$278$142$71$40
50 years$914$502$262$131$64$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $936,000, adding $2,083 every year, while hoping to spend $52,708 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: 72/20/8 Blend
68$936,000$936,000$936,000$936,000
69$1,033,621$984,013$969,505$1,106,536
70$1,082,969$976,148$945,902$1,147,093
71$1,135,584$966,132$919,742$1,184,727
72$1,191,744$953,803$890,884$1,224,471
73$1,251,753$938,990$859,179$1,266,516
74$1,315,944$921,513$824,474$1,311,078
75$1,384,682$901,179$786,606$1,358,393
76$1,458,369$877,786$745,406$1,408,722
77$1,537,444$851,119$700,699$1,462,355
78$1,622,390$820,950$652,299$1,519,612
79$1,713,736$787,039$600,013$1,580,846
80$1,812,064$749,131$543,641$1,646,451
81$1,918,013$706,957$482,971$1,716,857
82$2,032,284$660,231$417,784$1,792,545
83$2,155,647$608,653$347,850$1,874,043
84$2,288,950$551,903$272,930$1,961,938
85$2,433,122$489,646$192,773$2,056,875
86$2,589,187$421,525$107,117$2,159,572
87$2,758,269$347,165$15,691$2,270,818
88$2,941,605$266,168$0$2,391,488
89$3,140,554$178,116$0$2,529,537
90$3,356,610$82,564$0$2,680,929
91$3,591,420$0$0$2,845,529
92$3,846,792$0$0$3,029,280
93$4,124,717$0$0$3,249,075
94$4,427,386$0$0$3,488,480
95$4,757,207$0$0$3,749,406
96$5,116,835$0$0$4,033,956
97$5,509,188$0$0$4,344,448
98$5,937,480$0$0$4,683,429
99$6,405,248$0$0$5,053,705
100$6,916,386$0$0$5,458,365