Can I retire at age 69 with 940,000?

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 $940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$77,624$76,933$76,258$75,600$74,957$72,040
2 years$38,428$37,712$37,019$36,346$35,694$32,790
3 years$25,364$24,645$23,953$23,287$22,646$19,847
4 years$18,834$18,117$17,432$16,777$16,151$13,478
5 years$14,916$14,204$13,528$12,886$12,278$9,738
6 years$12,305$11,599$10,933$10,305$9,715$7,310
7 years$10,441$9,740$9,085$8,473$7,901$5,630
8 years$9,044$8,349$7,705$7,108$6,555$4,415
9 years$7,958$7,270$6,636$6,054$5,520$3,509
10 years$7,089$6,408$5,786$5,219$4,703$2,817
11 years$6,379$5,704$5,094$4,542$4,045$2,279
12 years$5,788$5,120$4,520$3,984$3,505$1,855
13 years$5,288$4,627$4,039$3,517$3,057$1,517
14 years$4,859$4,206$3,629$3,122$2,679$1,245
15 years$4,489$3,842$3,276$2,784$2,359$1,025
16 years$4,165$3,525$2,970$2,493$2,085$847
17 years$3,879$3,246$2,703$2,240$1,849$700
18 years$3,625$3,000$2,467$2,019$1,644$580
19 years$3,399$2,780$2,259$1,824$1,465$482
20 years$3,195$2,584$2,073$1,652$1,309$400
21 years$3,011$2,406$1,907$1,499$1,171$333
22 years$2,843$2,246$1,757$1,363$1,050$277
23 years$2,691$2,101$1,623$1,242$942$231
24 years$2,552$1,968$1,501$1,132$847$192
25 years$2,423$1,847$1,390$1,034$762$160
26 years$2,305$1,736$1,289$946$687$134
27 years$2,196$1,634$1,197$865$619$111
28 years$2,095$1,540$1,113$793$559$93
29 years$2,001$1,452$1,036$727$504$78
30 years$1,913$1,372$965$667$456$65
31 years$1,832$1,297$899$613$412$54
32 years$1,755$1,227$839$563$373$45
33 years$1,683$1,162$783$518$337$38
34 years$1,616$1,101$732$477$305$31
35 years$1,553$1,045$684$439$277$26
36 years$1,493$991$640$404$251$22
37 years$1,437$942$599$372$227$18
38 years$1,383$895$561$343$206$15
39 years$1,333$851$526$316$187$13
40 years$1,285$810$493$292$169$11
41 years$1,240$771$462$269$154$9
42 years$1,197$734$433$248$139$7
43 years$1,156$699$407$229$127$6
44 years$1,117$667$382$212$115$5
45 years$1,080$636$358$196$104$4
46 years$1,044$606$337$181$95$4
47 years$1,011$579$316$167$86$3
48 years$978$552$297$154$78$3
49 years$947$528$279$143$71$2
50 years$918$504$263$132$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $940,000, adding $6,616 every year, while hoping to spend $33,466 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: 61/22/17 Blend
68$940,000$940,000$940,000$940,000
69$1,042,704$992,884$978,314$1,101,413
70$1,113,453$1,005,928$975,480$1,154,822
71$1,190,296$1,018,489$971,430$1,208,753
72$1,273,820$1,030,509$966,086$1,266,826
73$1,364,670$1,041,925$959,371$1,329,446
74$1,463,555$1,052,668$951,199$1,397,059
75$1,571,258$1,062,669$941,484$1,470,160
76$1,688,636$1,071,849$930,133$1,549,291
77$1,816,635$1,080,129$917,052$1,635,054
78$1,956,297$1,087,420$902,138$1,728,109
79$2,108,767$1,093,632$885,288$1,829,189
80$2,275,307$1,098,664$866,390$1,939,098
81$2,457,303$1,102,414$845,329$2,058,725
82$2,656,286$1,104,771$821,985$2,189,052
83$2,873,938$1,105,615$796,232$2,331,160
84$3,112,111$1,104,822$767,938$2,486,243
85$3,372,847$1,102,258$736,964$2,655,617
86$3,658,391$1,097,783$703,167$2,840,736
87$3,971,219$1,091,246$666,395$3,043,201
88$4,314,055$1,082,489$626,491$3,264,779
89$4,689,900$1,071,342$583,289$3,507,422
90$5,102,060$1,057,628$536,619$3,773,278
91$5,554,174$1,041,155$486,300$4,064,719
92$6,050,252$1,021,725$432,143$4,384,363
93$6,594,711$999,122$373,954$4,735,094
94$7,192,416$973,124$311,525$5,120,096
95$7,848,726$943,490$244,645$5,542,877
96$8,569,544$909,969$173,088$6,007,308
97$9,361,373$872,293$96,622$6,517,660
98$10,231,377$830,180$15,004$7,078,639
99$11,187,449$783,330$0$7,695,438
100$12,238,283$731,428$0$8,386,860