Can I retire at age 69 with 941,000?

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 $941,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$77,707$77,015$76,339$75,680$75,037$72,780
2 years$38,469$37,752$37,058$36,385$35,732$33,478
3 years$25,391$24,672$23,979$23,312$22,670$20,488
4 years$18,854$18,136$17,451$16,795$16,168$14,076
5 years$14,932$14,219$13,542$12,900$12,291$10,294
6 years$12,319$11,611$10,944$10,316$9,725$7,826
7 years$10,453$9,751$9,095$8,482$7,909$6,107
8 years$9,054$8,358$7,713$7,115$6,562$4,855
9 years$7,966$7,277$6,643$6,060$5,526$3,913
10 years$7,097$6,415$5,792$5,224$4,708$3,187
11 years$6,386$5,711$5,099$4,547$4,049$2,617
12 years$5,794$5,125$4,525$3,988$3,509$2,163
13 years$5,293$4,632$4,043$3,521$3,060$1,797
14 years$4,865$4,210$3,633$3,125$2,682$1,499
15 years$4,493$3,846$3,280$2,787$2,362$1,255
16 years$4,169$3,529$2,974$2,496$2,087$1,053
17 years$3,883$3,250$2,706$2,242$1,851$886
18 years$3,629$3,003$2,470$2,021$1,646$747
19 years$3,402$2,783$2,261$1,826$1,467$631
20 years$3,198$2,586$2,075$1,654$1,310$533
21 years$3,014$2,409$1,909$1,501$1,172$452
22 years$2,847$2,249$1,759$1,365$1,051$383
23 years$2,694$2,103$1,624$1,243$943$324
24 years$2,554$1,971$1,502$1,134$848$275
25 years$2,426$1,849$1,391$1,035$763$234
26 years$2,308$1,738$1,290$947$687$199
27 years$2,199$1,636$1,198$866$620$169
28 years$2,097$1,541$1,114$794$559$143
29 years$2,003$1,454$1,037$728$505$122
30 years$1,915$1,373$966$668$456$104
31 years$1,834$1,298$900$614$412$88
32 years$1,757$1,228$840$564$373$75
33 years$1,685$1,163$784$519$338$64
34 years$1,618$1,102$733$477$306$54
35 years$1,554$1,046$685$439$277$46
36 years$1,495$992$641$404$251$39
37 years$1,438$943$600$373$227$34
38 years$1,385$896$562$344$206$29
39 years$1,334$852$526$317$187$24
40 years$1,286$810$493$292$170$21
41 years$1,241$771$463$270$154$18
42 years$1,198$735$434$249$140$15
43 years$1,157$700$407$230$127$13
44 years$1,118$667$382$212$115$11
45 years$1,081$636$359$196$104$9
46 years$1,045$607$337$181$95$8
47 years$1,012$579$317$167$86$7
48 years$979$553$298$154$78$6
49 years$948$528$280$143$71$5
50 years$919$504$263$132$64$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $941,000, adding $5,087 every year, while hoping to spend $44,324 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: 55/31/14 Blend
68$941,000$941,000$941,000$941,000
69$1,042,229$992,356$977,771$1,095,474
70$1,101,376$993,821$963,366$1,133,698
71$1,165,071$993,873$946,992$1,170,063
72$1,233,730$992,394$928,538$1,208,643
73$1,307,811$989,262$907,886$1,249,657
74$1,387,819$984,347$884,910$1,293,351
75$1,474,305$977,509$859,484$1,339,995
76$1,567,878$968,601$831,471$1,389,892
77$1,669,207$957,467$800,730$1,443,375
78$1,779,025$943,942$767,113$1,500,813
79$1,898,140$927,851$730,467$1,562,619
80$2,027,442$909,007$690,629$1,629,246
81$2,167,907$887,213$647,430$1,701,198
82$2,320,609$862,263$600,695$1,779,034
83$2,486,732$833,935$550,239$1,863,372
84$2,667,576$801,995$495,870$1,954,897
85$2,864,573$766,197$437,386$2,054,368
86$3,079,298$726,279$374,577$2,162,624
87$3,313,485$681,965$307,223$2,280,595
88$3,569,042$632,963$235,097$2,409,308
89$3,848,070$578,964$157,958$2,549,903
90$4,152,881$519,641$75,558$2,703,638
91$4,486,020$454,648$0$2,871,907
92$4,850,290$383,622$0$3,058,100
93$5,248,776$306,177$0$3,274,236
94$5,684,877$221,904$0$3,510,944
95$6,162,332$130,376$0$3,770,350
96$6,685,263$31,137$0$4,054,805
97$7,258,205$0$0$4,366,902
98$7,886,154$0$0$4,735,529
99$8,574,615$0$0$5,151,410
100$9,329,647$0$0$5,607,597