Can I retire at age 69 with 937,000?

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 $937,000?

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$77,377$76,687$76,015$75,359$74,718$74,278
2 years$38,305$37,592$36,900$36,230$35,580$35,136
3 years$25,283$24,567$23,877$23,213$22,573$22,140
4 years$18,773$18,059$17,376$16,724$16,099$15,679
5 years$14,869$14,159$13,485$12,845$12,239$11,832
6 years$12,266$11,562$10,898$10,273$9,684$9,293
7 years$10,408$9,709$9,056$8,446$7,876$7,499
8 years$9,015$8,323$7,680$7,085$6,534$6,173
9 years$7,932$7,246$6,615$6,035$5,502$5,156
10 years$7,067$6,387$5,767$5,202$4,688$4,357
11 years$6,359$5,686$5,077$4,527$4,032$3,716
12 years$5,769$5,104$4,506$3,971$3,494$3,192
13 years$5,271$4,612$4,026$3,506$3,047$2,759
14 years$4,844$4,192$3,617$3,112$2,671$2,397
15 years$4,474$3,830$3,266$2,775$2,352$2,091
16 years$4,151$3,514$2,961$2,485$2,078$1,831
17 years$3,866$3,236$2,694$2,233$1,843$1,608
18 years$3,614$2,990$2,460$2,012$1,639$1,416
19 years$3,388$2,771$2,252$1,818$1,460$1,249
20 years$3,185$2,575$2,066$1,647$1,305$1,105
21 years$3,001$2,399$1,901$1,495$1,167$979
22 years$2,834$2,239$1,752$1,359$1,046$868
23 years$2,682$2,094$1,617$1,238$939$771
24 years$2,543$1,962$1,496$1,129$844$686
25 years$2,416$1,841$1,386$1,031$760$611
26 years$2,298$1,731$1,285$943$684$544
27 years$2,189$1,629$1,193$863$617$485
28 years$2,088$1,535$1,109$790$557$433
29 years$1,995$1,448$1,032$725$503$387
30 years$1,907$1,367$962$665$454$346
31 years$1,826$1,293$896$611$411$309
32 years$1,750$1,223$836$561$371$276
33 years$1,678$1,158$781$516$336$247
34 years$1,611$1,098$730$475$304$221
35 years$1,548$1,041$682$437$276$198
36 years$1,488$988$638$403$250$177
37 years$1,432$939$597$371$226$159
38 years$1,379$892$559$342$205$142
39 years$1,329$848$524$315$186$128
40 years$1,281$807$491$291$169$114
41 years$1,236$768$461$268$153$102
42 years$1,193$732$432$248$139$92
43 years$1,152$697$405$229$126$82
44 years$1,113$664$381$211$114$74
45 years$1,076$634$357$195$104$66
46 years$1,041$604$336$180$94$59
47 years$1,007$577$315$166$86$53
48 years$975$551$296$154$78$48
49 years$944$526$278$142$71$43
50 years$915$502$262$131$64$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $937,000, adding $6,929 every year, while hoping to spend $46,254 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: 42/43/15 Blend
68$937,000$937,000$937,000$937,000
69$1,039,721$990,060$975,537$1,078,551
70$1,096,559$989,359$959,003$1,105,864
71$1,157,644$987,074$940,366$1,130,323
72$1,223,360$983,077$919,505$1,155,813
73$1,294,130$977,235$896,296$1,182,448
74$1,370,418$969,406$870,607$1,210,361
75$1,452,731$959,438$842,304$1,239,695
76$1,541,630$947,171$811,242$1,270,618
77$1,637,730$932,436$777,272$1,303,312
78$1,741,706$915,052$740,238$1,337,987
79$1,854,300$894,830$699,976$1,374,874
80$1,976,330$871,568$656,316$1,414,234
81$2,108,693$845,052$609,080$1,456,360
82$2,252,376$815,056$558,081$1,501,576
83$2,408,466$781,341$503,124$1,550,248
84$2,578,157$743,655$444,006$1,602,784
85$2,762,763$701,728$380,515$1,659,637
86$2,963,731$655,278$312,428$1,721,316
87$3,182,651$604,006$239,513$1,788,386
88$3,421,274$547,596$161,530$1,861,477
89$3,681,528$485,712$78,225$1,941,291
90$3,965,533$418,001$0$2,028,610
91$4,275,624$344,089$0$2,126,012
92$4,614,371$263,583$0$2,246,227
93$4,984,603$176,065$0$2,377,845
94$5,389,435$81,094$0$2,522,107
95$5,832,297$0$0$2,680,390
96$6,316,964$0$0$2,864,534
97$6,847,595$0$0$3,108,266
98$7,428,769$0$0$3,375,333
99$8,065,529$0$0$3,668,066
100$8,763,427$0$0$3,989,035