Can I retire at age 69 with 945,000?

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 $945,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$78,037$77,342$76,664$76,002$75,356$74,849
2 years$38,632$37,913$37,215$36,539$35,884$35,373
3 years$25,499$24,776$24,081$23,411$22,766$22,267
4 years$18,934$18,213$17,525$16,866$16,237$15,753
5 years$14,996$14,279$13,600$12,955$12,343$11,876
6 years$12,371$11,660$10,991$10,360$9,767$9,317
7 years$10,497$9,792$9,133$8,518$7,943$7,511
8 years$9,092$8,394$7,746$7,145$6,589$6,175
9 years$8,000$7,308$6,671$6,086$5,549$5,152
10 years$7,127$6,442$5,816$5,246$4,728$4,348
11 years$6,413$5,735$5,121$4,566$4,066$3,704
12 years$5,818$5,147$4,544$4,005$3,524$3,178
13 years$5,316$4,652$4,060$3,536$3,073$2,743
14 years$4,885$4,228$3,648$3,139$2,694$2,380
15 years$4,513$3,863$3,294$2,799$2,372$2,073
16 years$4,187$3,544$2,986$2,506$2,096$1,813
17 years$3,900$3,264$2,717$2,252$1,859$1,590
18 years$3,645$3,016$2,481$2,029$1,653$1,398
19 years$3,417$2,795$2,271$1,834$1,473$1,232
20 years$3,212$2,597$2,084$1,661$1,316$1,088
21 years$3,027$2,419$1,917$1,507$1,177$962
22 years$2,859$2,258$1,767$1,370$1,055$853
23 years$2,705$2,112$1,631$1,248$947$756
24 years$2,565$1,979$1,509$1,138$852$672
25 years$2,436$1,857$1,397$1,040$766$597
26 years$2,318$1,745$1,296$951$690$531
27 years$2,208$1,643$1,203$870$622$473
28 years$2,106$1,548$1,119$797$561$421
29 years$2,012$1,460$1,041$731$507$376
30 years$1,924$1,379$970$671$458$335
31 years$1,841$1,304$904$616$414$299
32 years$1,764$1,233$843$566$375$267
33 years$1,692$1,168$788$521$339$239
34 years$1,625$1,107$736$479$307$213
35 years$1,561$1,050$688$441$278$190
36 years$1,501$997$644$406$252$170
37 years$1,444$947$602$374$228$152
38 years$1,391$900$564$345$207$136
39 years$1,340$855$529$318$188$122
40 years$1,292$814$495$293$170$109
41 years$1,246$775$464$271$154$98
42 years$1,203$738$436$250$140$87
43 years$1,162$703$409$231$127$78
44 years$1,123$670$384$213$115$70
45 years$1,085$639$360$197$105$63
46 years$1,050$610$338$182$95$56
47 years$1,016$582$318$168$86$50
48 years$983$555$299$155$78$45
49 years$952$530$281$143$71$40
50 years$923$507$264$132$65$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $945,000, adding $3,963 every year, while hoping to spend $27,833 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: 64/7/29 Blend
68$945,000$945,000$945,000$945,000
69$1,045,478$995,393$980,745$1,104,070
70$1,122,502$1,014,553$983,986$1,163,415
71$1,206,451$1,033,719$986,403$1,224,827
72$1,298,000$1,052,862$987,938$1,291,336
73$1,397,894$1,071,951$988,532$1,363,447
74$1,506,954$1,090,951$988,123$1,441,717
75$1,626,081$1,109,826$986,643$1,526,761
76$1,756,271$1,128,536$984,025$1,619,255
77$1,898,616$1,147,040$980,195$1,719,948
78$2,054,321$1,165,292$975,078$1,829,661
79$2,224,713$1,183,242$968,594$1,949,303
80$2,411,251$1,200,838$960,660$2,079,876
81$2,615,544$1,218,025$951,188$2,222,483
82$2,839,363$1,234,742$940,086$2,378,341
83$3,084,659$1,250,924$927,259$2,548,793
84$3,353,578$1,266,504$912,606$2,735,318
85$3,648,487$1,281,406$896,023$2,939,548
86$3,971,991$1,295,554$877,398$3,163,282
87$4,326,960$1,308,863$856,617$3,408,504
88$4,716,556$1,321,243$833,560$3,677,401
89$5,144,261$1,332,599$808,100$3,972,383
90$5,613,909$1,342,831$780,105$4,296,110
91$6,129,728$1,351,829$749,438$4,651,511
92$6,696,370$1,359,479$715,954$5,041,820
93$7,318,964$1,365,658$679,504$5,470,597
94$8,003,160$1,370,236$639,928$5,941,770
95$8,755,179$1,373,075$597,063$6,459,669
96$9,581,879$1,374,027$550,736$7,029,068
97$10,490,814$1,372,937$500,768$7,655,229
98$11,490,304$1,369,638$446,971$8,343,953
99$12,589,519$1,363,955$389,149$9,101,634
100$13,798,561$1,355,700$327,097$9,935,323