Can I retire at age 69 with 945,000?

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 $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%13.1%
1 years$78,037$77,342$76,664$76,002$75,356$74,383
2 years$38,632$37,913$37,215$36,539$35,884$34,905
3 years$25,499$24,776$24,081$23,411$22,766$21,812
4 years$18,934$18,213$17,525$16,866$16,237$15,315
5 years$14,996$14,279$13,600$12,955$12,343$11,456
6 years$12,371$11,660$10,991$10,360$9,767$8,915
7 years$10,497$9,792$9,133$8,518$7,943$7,127
8 years$9,092$8,394$7,746$7,145$6,589$5,809
9 years$8,000$7,308$6,671$6,086$5,549$4,805
10 years$7,127$6,442$5,816$5,246$4,728$4,019
11 years$6,413$5,735$5,121$4,566$4,066$3,391
12 years$5,818$5,147$4,544$4,005$3,524$2,882
13 years$5,316$4,652$4,060$3,536$3,073$2,464
14 years$4,885$4,228$3,648$3,139$2,694$2,117
15 years$4,513$3,863$3,294$2,799$2,372$1,826
16 years$4,187$3,544$2,986$2,506$2,096$1,580
17 years$3,900$3,264$2,717$2,252$1,859$1,371
18 years$3,645$3,016$2,481$2,029$1,653$1,193
19 years$3,417$2,795$2,271$1,834$1,473$1,040
20 years$3,212$2,597$2,084$1,661$1,316$908
21 years$3,027$2,419$1,917$1,507$1,177$794
22 years$2,859$2,258$1,767$1,370$1,055$696
23 years$2,705$2,112$1,631$1,248$947$610
24 years$2,565$1,979$1,509$1,138$852$536
25 years$2,436$1,857$1,397$1,040$766$471
26 years$2,318$1,745$1,296$951$690$414
27 years$2,208$1,643$1,203$870$622$364
28 years$2,106$1,548$1,119$797$561$321
29 years$2,012$1,460$1,041$731$507$282
30 years$1,924$1,379$970$671$458$249
31 years$1,841$1,304$904$616$414$219
32 years$1,764$1,233$843$566$375$193
33 years$1,692$1,168$788$521$339$171
34 years$1,625$1,107$736$479$307$151
35 years$1,561$1,050$688$441$278$133
36 years$1,501$997$644$406$252$117
37 years$1,444$947$602$374$228$104
38 years$1,391$900$564$345$207$91
39 years$1,340$855$529$318$188$81
40 years$1,292$814$495$293$170$71
41 years$1,246$775$464$271$154$63
42 years$1,203$738$436$250$140$56
43 years$1,162$703$409$231$127$49
44 years$1,123$670$384$213$115$43
45 years$1,085$639$360$197$105$38
46 years$1,050$610$338$182$95$34
47 years$1,016$582$318$168$86$30
48 years$983$555$299$155$78$27
49 years$952$530$281$143$71$23
50 years$923$507$264$132$65$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $945,000, adding $2,434 every year, while hoping to spend $47,107 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: 76/7/17 Blend
68$945,000$945,000$945,000$945,000
69$1,043,901$993,816$979,168$1,119,081
70$1,100,257$992,391$961,849$1,167,693
71$1,160,783$989,318$942,370$1,214,874
72$1,225,854$984,466$920,611$1,265,334
73$1,295,882$977,696$896,443$1,319,386
74$1,371,321$968,861$869,732$1,377,376
75$1,452,667$957,807$840,339$1,439,684
76$1,540,466$944,367$808,118$1,506,729
77$1,635,319$928,366$772,916$1,578,976
78$1,737,886$909,621$734,573$1,656,934
79$1,848,891$887,933$692,921$1,741,168
80$1,969,132$863,095$647,788$1,832,299
81$2,099,484$834,887$598,989$1,931,013
82$2,240,911$803,076$546,335$2,038,067
83$2,394,473$767,416$489,627$2,154,295
84$2,561,336$727,646$428,655$2,280,617
85$2,742,781$683,490$363,205$2,418,051
86$2,940,219$634,656$293,047$2,567,715
87$3,155,204$580,836$217,946$2,730,847
88$3,389,441$521,704$137,654$2,908,808
89$3,644,812$456,915$51,913$3,103,104
90$3,923,384$386,105$0$3,315,392
91$4,227,435$308,890$0$3,554,683
92$4,559,471$224,863$0$3,826,330
93$4,922,251$133,596$0$4,123,185
94$5,318,813$34,634$0$4,447,760
95$5,752,500$0$0$4,802,819
96$6,226,996$0$0$5,196,994
97$6,746,353$0$0$5,631,391
98$7,315,038$0$0$6,107,084
99$7,937,966$0$0$6,628,187
100$8,620,552$0$0$7,199,235