Can I retire at age 69 with 943,000?

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 $943,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$77,872$77,178$76,502$75,841$75,196$74,011
2 years$38,551$37,833$37,137$36,462$35,808$34,617
3 years$25,445$24,724$24,030$23,362$22,718$21,559
4 years$18,894$18,175$17,488$16,831$16,203$15,083
5 years$14,964$14,249$13,571$12,928$12,317$11,241
6 years$12,345$11,636$10,967$10,338$9,746$8,715
7 years$10,475$9,772$9,114$8,500$7,926$6,940
8 years$9,073$8,376$7,729$7,130$6,575$5,634
9 years$7,983$7,293$6,657$6,073$5,537$4,641
10 years$7,112$6,428$5,804$5,235$4,718$3,865
11 years$6,399$5,723$5,110$4,556$4,058$3,247
12 years$5,806$5,136$4,535$3,996$3,516$2,747
13 years$5,305$4,642$4,052$3,528$3,066$2,338
14 years$4,875$4,219$3,640$3,132$2,688$1,999
15 years$4,503$3,854$3,287$2,793$2,367$1,716
16 years$4,178$3,536$2,980$2,501$2,092$1,478
17 years$3,891$3,257$2,712$2,247$1,855$1,276
18 years$3,637$3,009$2,475$2,025$1,649$1,105
19 years$3,409$2,789$2,266$1,830$1,470$958
20 years$3,205$2,592$2,080$1,657$1,313$832
21 years$3,020$2,414$1,913$1,504$1,175$724
22 years$2,853$2,254$1,763$1,368$1,053$631
23 years$2,700$2,108$1,628$1,245$945$550
24 years$2,560$1,975$1,505$1,136$850$481
25 years$2,431$1,853$1,394$1,037$765$420
26 years$2,313$1,742$1,293$949$689$367
27 years$2,203$1,639$1,201$868$621$321
28 years$2,102$1,545$1,116$795$560$281
29 years$2,007$1,457$1,039$729$506$246
30 years$1,920$1,376$968$669$457$216
31 years$1,837$1,301$902$615$413$189
32 years$1,761$1,231$842$565$374$166
33 years$1,689$1,166$786$520$338$145
34 years$1,621$1,105$734$478$306$128
35 years$1,558$1,048$687$440$277$112
36 years$1,498$995$642$405$251$98
37 years$1,441$945$601$373$228$86
38 years$1,388$898$563$344$207$76
39 years$1,337$854$527$317$187$66
40 years$1,289$812$494$293$170$58
41 years$1,244$773$464$270$154$51
42 years$1,201$736$435$249$140$45
43 years$1,160$702$408$230$127$40
44 years$1,120$669$383$212$115$35
45 years$1,083$638$360$196$105$30
46 years$1,048$608$338$181$95$27
47 years$1,014$581$317$167$86$24
48 years$981$554$298$155$78$21
49 years$950$529$280$143$71$18
50 years$921$506$263$132$65$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $943,000, adding $2,724 every year, while hoping to spend $49,526 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: 46/46/8 Blend
68$943,000$943,000$943,000$943,000
69$1,041,996$992,017$977,400$1,087,505
70$1,095,584$987,930$957,448$1,115,053
71$1,152,978$981,984$935,167$1,139,555
72$1,214,515$974,034$910,428$1,164,991
73$1,280,562$963,928$883,094$1,191,462
74$1,351,524$951,505$853,022$1,219,085
75$1,427,845$936,594$820,064$1,247,989
76$1,510,013$919,015$784,064$1,278,322
77$1,598,562$898,574$744,858$1,310,249
78$1,694,081$875,070$702,276$1,343,956
79$1,797,215$848,287$656,140$1,379,651
80$1,908,675$817,996$606,265$1,417,571
81$2,029,240$783,959$552,455$1,457,978
82$2,159,768$745,918$494,508$1,501,166
83$2,301,202$703,606$432,211$1,547,467
84$2,454,577$656,735$365,343$1,597,250
85$2,621,035$605,006$293,673$1,650,929
86$2,801,828$548,099$216,959$1,708,964
87$2,998,336$485,677$134,948$1,771,873
88$3,212,075$417,384$47,377$1,840,230
89$3,444,714$342,844$0$1,914,677
90$3,698,091$261,659$0$1,999,864
91$3,974,225$173,409$0$2,097,226
92$4,275,342$77,652$0$2,203,627
93$4,603,888$0$0$2,320,084
94$4,962,559$0$0$2,460,925
95$5,354,319$0$0$2,657,793
96$5,782,436$0$0$2,873,037
97$6,250,502$0$0$3,108,476
98$6,762,476$0$0$3,366,115
99$7,322,716$0$0$3,648,161
100$7,936,020$0$0$3,957,045