Can I retire at age 69 with 938,000?

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 $938,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$77,459$76,769$76,096$75,439$74,797$73,168
2 years$38,346$37,632$36,940$36,269$35,618$33,984
3 years$25,310$24,593$23,903$23,238$22,597$21,011
4 years$18,793$18,078$17,395$16,741$16,117$14,589
5 years$14,884$14,174$13,499$12,859$12,252$10,788
6 years$12,279$11,574$10,909$10,283$9,694$8,295
7 years$10,419$9,720$9,066$8,455$7,884$6,551
8 years$9,025$8,332$7,688$7,092$6,541$5,272
9 years$7,941$7,254$6,622$6,041$5,508$4,303
10 years$7,074$6,394$5,773$5,208$4,693$3,551
11 years$6,365$5,692$5,083$4,532$4,036$2,956
12 years$5,775$5,109$4,511$3,975$3,498$2,477
13 years$5,276$4,617$4,030$3,510$3,050$2,087
14 years$4,849$4,197$3,621$3,115$2,674$1,766
15 years$4,479$3,834$3,269$2,778$2,354$1,500
16 years$4,156$3,518$2,964$2,488$2,081$1,279
17 years$3,871$3,240$2,697$2,235$1,845$1,092
18 years$3,618$2,993$2,462$2,014$1,640$935
19 years$3,391$2,774$2,254$1,820$1,462$802
20 years$3,188$2,578$2,069$1,649$1,306$689
21 years$3,004$2,401$1,903$1,496$1,169$593
22 years$2,837$2,242$1,754$1,360$1,048$511
23 years$2,685$2,096$1,619$1,239$940$440
24 years$2,546$1,964$1,497$1,130$845$380
25 years$2,418$1,843$1,387$1,032$761$328
26 years$2,300$1,732$1,286$944$685$283
27 years$2,192$1,630$1,194$864$618$245
28 years$2,091$1,536$1,110$791$557$212
29 years$1,997$1,449$1,033$726$503$183
30 years$1,909$1,369$963$666$455$159
31 years$1,828$1,294$897$612$411$137
32 years$1,751$1,224$837$562$372$119
33 years$1,680$1,159$782$517$337$103
34 years$1,613$1,099$730$476$305$89
35 years$1,549$1,042$683$438$276$77
36 years$1,490$989$639$403$250$67
37 years$1,434$940$598$371$227$58
38 years$1,380$893$560$342$205$50
39 years$1,330$849$525$316$186$44
40 years$1,282$808$492$291$169$38
41 years$1,237$769$461$269$153$33
42 years$1,194$732$432$248$139$28
43 years$1,153$698$406$229$126$25
44 years$1,114$665$381$211$115$21
45 years$1,077$634$358$195$104$19
46 years$1,042$605$336$180$94$16
47 years$1,008$577$316$167$86$14
48 years$976$551$297$154$78$12
49 years$945$526$279$142$71$10
50 years$916$503$262$131$64$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $938,000, adding $5,145 every year, while hoping to spend $42,587 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: 37/43/20 Blend
68$938,000$938,000$938,000$938,000
69$1,038,983$989,269$974,730$1,070,994
70$1,099,647$992,431$962,071$1,097,855
71$1,165,072$994,321$947,561$1,122,477
72$1,235,697$994,830$931,093$1,148,196
73$1,312,008$993,847$912,554$1,175,135
74$1,394,535$991,248$891,827$1,203,431
75$1,483,865$986,906$868,790$1,233,240
76$1,580,639$980,685$843,315$1,264,736
77$1,685,566$972,440$815,267$1,298,115
78$1,799,421$962,017$784,506$1,333,595
79$1,923,060$949,254$750,886$1,371,421
80$2,057,424$933,979$714,252$1,411,868
81$2,203,546$916,009$674,444$1,455,241
82$2,362,566$895,151$631,296$1,501,884
83$2,535,734$871,200$584,631$1,552,178
84$2,724,429$843,939$534,266$1,606,550
85$2,930,168$813,139$480,011$1,665,475
86$3,154,620$778,557$421,666$1,729,482
87$3,399,621$739,936$359,022$1,799,163
88$3,667,193$697,005$291,861$1,875,175
89$3,959,564$649,475$219,955$1,958,247
90$4,279,184$597,044$143,068$2,049,195
91$4,628,751$539,389$60,950$2,148,921
92$5,011,236$476,171$0$2,258,431
93$5,429,910$407,032$0$2,384,536
94$5,888,377$331,593$0$2,537,031
95$6,390,603$249,452$0$2,704,333
96$6,940,956$160,187$0$2,888,032
97$7,544,248$63,351$0$3,089,887
98$8,205,779$0$0$3,311,846
99$8,931,384$0$0$3,575,714
100$9,727,493$0$0$3,898,241