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%13.9%
1 years$77,377$76,687$76,015$75,359$74,718$73,510
2 years$38,305$37,592$36,900$36,230$35,580$34,367
3 years$25,283$24,567$23,877$23,213$22,573$21,392
4 years$18,773$18,059$17,376$16,724$16,099$14,959
5 years$14,869$14,159$13,485$12,845$12,239$11,143
6 years$12,266$11,562$10,898$10,273$9,684$8,634
7 years$10,408$9,709$9,056$8,446$7,876$6,872
8 years$9,015$8,323$7,680$7,085$6,534$5,576
9 years$7,932$7,246$6,615$6,035$5,502$4,590
10 years$7,067$6,387$5,767$5,202$4,688$3,820
11 years$6,359$5,686$5,077$4,527$4,032$3,207
12 years$5,769$5,104$4,506$3,971$3,494$2,712
13 years$5,271$4,612$4,026$3,506$3,047$2,306
14 years$4,844$4,192$3,617$3,112$2,671$1,971
15 years$4,474$3,830$3,266$2,775$2,352$1,690
16 years$4,151$3,514$2,961$2,485$2,078$1,455
17 years$3,866$3,236$2,694$2,233$1,843$1,255
18 years$3,614$2,990$2,460$2,012$1,639$1,086
19 years$3,388$2,771$2,252$1,818$1,460$941
20 years$3,185$2,575$2,066$1,647$1,305$817
21 years$3,001$2,399$1,901$1,495$1,167$710
22 years$2,834$2,239$1,752$1,359$1,046$619
23 years$2,682$2,094$1,617$1,238$939$539
24 years$2,543$1,962$1,496$1,129$844$470
25 years$2,416$1,841$1,386$1,031$760$411
26 years$2,298$1,731$1,285$943$684$359
27 years$2,189$1,629$1,193$863$617$314
28 years$2,088$1,535$1,109$790$557$274
29 years$1,995$1,448$1,032$725$503$240
30 years$1,907$1,367$962$665$454$210
31 years$1,826$1,293$896$611$411$184
32 years$1,750$1,223$836$561$371$161
33 years$1,678$1,158$781$516$336$141
34 years$1,611$1,098$730$475$304$124
35 years$1,548$1,041$682$437$276$109
36 years$1,488$988$638$403$250$95
37 years$1,432$939$597$371$226$83
38 years$1,379$892$559$342$205$73
39 years$1,329$848$524$315$186$64
40 years$1,281$807$491$291$169$56
41 years$1,236$768$461$268$153$49
42 years$1,193$732$432$248$139$43
43 years$1,152$697$405$229$126$38
44 years$1,113$664$381$211$114$33
45 years$1,076$634$357$195$104$29
46 years$1,041$604$336$180$94$26
47 years$1,007$577$315$166$86$23
48 years$975$551$296$154$78$20
49 years$944$526$278$142$71$17
50 years$915$502$262$131$64$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $937,000, adding $6,626 every year, while hoping to spend $44,213 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: 35/44/21 Blend
68$937,000$937,000$937,000$937,000
69$1,039,409$989,748$975,224$1,068,946
70$1,098,386$991,203$960,852$1,092,710
71$1,161,897$991,248$944,516$1,113,777
72$1,230,358$989,766$926,105$1,135,601
73$1,304,226$986,636$905,500$1,158,276
74$1,384,001$981,725$882,579$1,181,909
75$1,470,236$974,897$857,212$1,206,620
76$1,563,536$966,003$829,265$1,232,547
77$1,664,569$954,889$798,597$1,259,844
78$1,774,065$941,389$765,061$1,288,685
79$1,892,831$925,328$728,501$1,319,268
80$2,021,752$906,521$688,758$1,351,813
81$2,161,802$884,773$645,664$1,386,569
82$2,314,054$859,874$599,041$1,423,815
83$2,479,685$831,605$548,706$1,463,865
84$2,659,992$799,734$494,467$1,507,070
85$2,856,404$764,013$436,124$1,553,823
86$3,070,489$724,182$373,467$1,604,565
87$3,303,978$679,966$306,277$1,659,786
88$3,558,772$631,072$234,325$1,720,039
89$3,836,965$577,193$157,374$1,785,934
90$4,140,863$518,003$75,173$1,858,159
91$4,473,002$453,156$0$1,937,476
92$4,836,178$382,291$0$2,027,549
93$5,233,466$305,021$0$2,144,670
94$5,668,254$220,941$0$2,273,098
95$6,144,270$129,621$0$2,414,071
96$6,665,623$30,610$0$2,568,966
97$7,236,834$0$0$2,739,304
98$7,862,886$0$0$2,963,849
99$8,549,263$0$0$3,226,415
100$9,302,009$0$0$3,514,511