Can I retire at age 69 with 943,000?

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 $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%18.4%
1 years$77,872$77,178$76,502$75,841$75,196$72,644
2 years$38,551$37,833$37,137$36,462$35,808$33,262
3 years$25,445$24,724$24,030$23,362$22,718$20,258
4 years$18,894$18,175$17,488$16,831$16,203$13,848
5 years$14,964$14,249$13,571$12,928$12,317$10,074
6 years$12,345$11,636$10,967$10,338$9,746$7,617
7 years$10,475$9,772$9,114$8,500$7,926$5,910
8 years$9,073$8,376$7,729$7,130$6,575$4,670
9 years$7,983$7,293$6,657$6,073$5,537$3,741
10 years$7,112$6,428$5,804$5,235$4,718$3,028
11 years$6,399$5,723$5,110$4,556$4,058$2,471
12 years$5,806$5,136$4,535$3,996$3,516$2,028
13 years$5,305$4,642$4,052$3,528$3,066$1,674
14 years$4,875$4,219$3,640$3,132$2,688$1,387
15 years$4,503$3,854$3,287$2,793$2,367$1,153
16 years$4,178$3,536$2,980$2,501$2,092$961
17 years$3,891$3,257$2,712$2,247$1,855$802
18 years$3,637$3,009$2,475$2,025$1,649$671
19 years$3,409$2,789$2,266$1,830$1,470$563
20 years$3,205$2,592$2,080$1,657$1,313$472
21 years$3,020$2,414$1,913$1,504$1,175$397
22 years$2,853$2,254$1,763$1,368$1,053$333
23 years$2,700$2,108$1,628$1,245$945$281
24 years$2,560$1,975$1,505$1,136$850$236
25 years$2,431$1,853$1,394$1,037$765$199
26 years$2,313$1,742$1,293$949$689$168
27 years$2,203$1,639$1,201$868$621$141
28 years$2,102$1,545$1,116$795$560$119
29 years$2,007$1,457$1,039$729$506$100
30 years$1,920$1,376$968$669$457$85
31 years$1,837$1,301$902$615$413$72
32 years$1,761$1,231$842$565$374$60
33 years$1,689$1,166$786$520$338$51
34 years$1,621$1,105$734$478$306$43
35 years$1,558$1,048$687$440$277$36
36 years$1,498$995$642$405$251$31
37 years$1,441$945$601$373$228$26
38 years$1,388$898$563$344$207$22
39 years$1,337$854$527$317$187$18
40 years$1,289$812$494$293$170$16
41 years$1,244$773$464$270$154$13
42 years$1,201$736$435$249$140$11
43 years$1,160$702$408$230$127$9
44 years$1,120$669$383$212$115$8
45 years$1,083$638$360$196$105$7
46 years$1,048$608$338$181$95$6
47 years$1,014$581$317$167$86$5
48 years$981$554$298$155$78$4
49 years$950$529$280$143$71$3
50 years$921$506$263$132$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $943,000, adding $4,248 every year, while hoping to spend $24,846 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: 39/44/17 Blend
68$943,000$943,000$943,000$943,000
69$1,043,568$993,589$978,972$1,078,812
70$1,123,576$1,015,839$985,332$1,126,651
71$1,210,912$1,038,346$991,072$1,175,639
72$1,306,297$1,061,097$996,145$1,228,084
73$1,410,526$1,084,078$1,000,502$1,284,311
74$1,524,472$1,107,270$1,004,092$1,344,679
75$1,649,098$1,130,656$1,006,858$1,409,584
76$1,785,463$1,154,215$1,008,745$1,479,462
77$1,934,734$1,177,926$1,009,693$1,554,793
78$2,098,197$1,201,764$1,009,637$1,636,108
79$2,277,265$1,225,703$1,008,512$1,723,992
80$2,473,498$1,249,713$1,006,249$1,819,087
81$2,688,611$1,273,765$1,002,774$1,922,105
82$2,924,493$1,297,825$998,011$2,033,829
83$3,183,228$1,321,854$991,881$2,155,124
84$3,467,108$1,345,815$984,300$2,286,940
85$3,778,658$1,369,665$975,178$2,430,330
86$4,120,659$1,393,357$964,426$2,586,451
87$4,496,177$1,416,843$951,945$2,756,580
88$4,908,588$1,440,068$937,635$2,942,126
89$5,361,608$1,462,976$921,391$3,144,642
90$5,859,336$1,485,506$903,101$3,365,841
91$6,406,284$1,507,591$882,650$3,607,612
92$7,007,423$1,529,161$859,917$3,872,039
93$7,668,230$1,550,140$834,774$4,161,417
94$8,394,741$1,570,448$807,090$4,478,280
95$9,193,603$1,589,999$776,726$4,825,421
96$10,072,140$1,608,698$743,537$5,205,920
97$11,038,423$1,626,450$707,370$5,623,173
98$12,101,343$1,643,147$668,068$6,080,925
99$13,270,697$1,658,677$625,465$6,583,306
100$14,557,278$1,672,922$579,387$7,134,870