Can I retire at age 69 with 938,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.1%
1 years$77,459$76,769$76,096$75,439$74,797$74,451
2 years$38,346$37,632$36,940$36,269$35,618$35,268
3 years$25,310$24,593$23,903$23,238$22,597$22,255
4 years$18,793$18,078$17,395$16,741$16,117$15,785
5 years$14,884$14,174$13,499$12,859$12,252$11,931
6 years$12,279$11,574$10,909$10,283$9,694$9,385
7 years$10,419$9,720$9,066$8,455$7,884$7,587
8 years$9,025$8,332$7,688$7,092$6,541$6,255
9 years$7,941$7,254$6,622$6,041$5,508$5,234
10 years$7,074$6,394$5,773$5,208$4,693$4,431
11 years$6,365$5,692$5,083$4,532$4,036$3,785
12 years$5,775$5,109$4,511$3,975$3,498$3,258
13 years$5,276$4,617$4,030$3,510$3,050$2,821
14 years$4,849$4,197$3,621$3,115$2,674$2,456
15 years$4,479$3,834$3,269$2,778$2,354$2,147
16 years$4,156$3,518$2,964$2,488$2,081$1,883
17 years$3,871$3,240$2,697$2,235$1,845$1,657
18 years$3,618$2,993$2,462$2,014$1,640$1,463
19 years$3,391$2,774$2,254$1,820$1,462$1,294
20 years$3,188$2,578$2,069$1,649$1,306$1,146
21 years$3,004$2,401$1,903$1,496$1,169$1,018
22 years$2,837$2,242$1,754$1,360$1,048$905
23 years$2,685$2,096$1,619$1,239$940$806
24 years$2,546$1,964$1,497$1,130$845$718
25 years$2,418$1,843$1,387$1,032$761$641
26 years$2,300$1,732$1,286$944$685$572
27 years$2,192$1,630$1,194$864$618$512
28 years$2,091$1,536$1,110$791$557$458
29 years$1,997$1,449$1,033$726$503$410
30 years$1,909$1,369$963$666$455$367
31 years$1,828$1,294$897$612$411$329
32 years$1,751$1,224$837$562$372$295
33 years$1,680$1,159$782$517$337$264
34 years$1,613$1,099$730$476$305$237
35 years$1,549$1,042$683$438$276$213
36 years$1,490$989$639$403$250$191
37 years$1,434$940$598$371$227$172
38 years$1,380$893$560$342$205$154
39 years$1,330$849$525$316$186$139
40 years$1,282$808$492$291$169$124
41 years$1,237$769$461$269$153$112
42 years$1,194$732$432$248$139$101
43 years$1,153$698$406$229$126$90
44 years$1,114$665$381$211$115$81
45 years$1,077$634$358$195$104$73
46 years$1,042$605$336$180$94$66
47 years$1,008$577$316$167$86$59
48 years$976$551$297$154$78$53
49 years$945$526$279$142$71$48
50 years$916$503$262$131$64$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $938,000, adding $3,048 every year, while hoping to spend $38,283 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: 59/19/22 Blend
68$938,000$938,000$938,000$938,000
69$1,036,820$987,106$972,567$1,091,751
70$1,101,843$994,741$964,415$1,137,068
71$1,172,215$1,001,468$954,707$1,182,054
72$1,248,441$1,007,200$943,350$1,230,277
73$1,331,078$1,011,849$930,248$1,282,058
74$1,420,735$1,015,316$915,299$1,337,752
75$1,518,085$1,017,502$898,396$1,397,751
76$1,623,866$1,018,295$879,428$1,462,488
77$1,738,891$1,017,583$858,280$1,532,443
78$1,864,054$1,015,241$834,829$1,608,146
79$2,000,340$1,011,140$808,948$1,690,181
80$2,148,831$1,005,142$780,504$1,779,194
81$2,310,718$997,100$749,357$1,875,900
82$2,487,313$986,860$715,362$1,981,086
83$2,680,059$974,256$678,367$2,095,625
84$2,890,545$959,115$638,212$2,220,479
85$3,120,519$941,250$594,732$2,356,709
86$3,371,908$920,468$547,751$2,505,490
87$3,646,832$896,559$497,089$2,668,118
88$3,947,623$869,305$442,556$2,846,022
89$4,276,853$838,473$383,954$3,040,784
90$4,637,351$803,818$321,076$3,254,146
91$5,032,235$765,078$253,706$3,488,036
92$5,464,935$721,980$181,617$3,744,578
93$5,939,232$674,231$104,576$4,026,117
94$6,459,290$621,524$22,334$4,335,245
95$7,029,692$563,533$0$4,674,819
96$7,655,489$499,915$0$5,063,353
97$8,342,244$430,305$0$5,495,560
98$9,096,083$354,321$0$5,970,101
99$9,923,756$271,555$0$6,491,281
100$10,832,698$181,580$0$7,063,849