Can I retire at age 69 with 946,000?

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 $946,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$78,120$77,424$76,745$76,082$75,435$72,643
2 years$38,673$37,953$37,255$36,578$35,922$33,140
3 years$25,526$24,803$24,106$23,436$22,790$20,107
4 years$18,954$18,233$17,543$16,884$16,254$13,689
5 years$15,011$14,295$13,614$12,969$12,356$9,917
6 years$12,384$11,673$11,002$10,371$9,777$7,464
7 years$10,508$9,803$9,143$8,527$7,951$5,765
8 years$9,102$8,403$7,754$7,153$6,596$4,535
9 years$8,008$7,316$6,679$6,093$5,555$3,615
10 years$7,134$6,449$5,822$5,252$4,733$2,911
11 years$6,420$5,741$5,126$4,571$4,071$2,363
12 years$5,825$5,153$4,549$4,009$3,528$1,930
13 years$5,321$4,657$4,064$3,539$3,076$1,583
14 years$4,890$4,233$3,652$3,142$2,697$1,305
15 years$4,517$3,867$3,297$2,802$2,374$1,078
16 years$4,191$3,548$2,989$2,509$2,098$893
17 years$3,904$3,267$2,720$2,254$1,861$742
18 years$3,648$3,019$2,483$2,032$1,654$617
19 years$3,420$2,798$2,273$1,836$1,475$514
20 years$3,215$2,600$2,086$1,663$1,317$429
21 years$3,030$2,422$1,919$1,509$1,179$358
22 years$2,862$2,261$1,769$1,372$1,056$299
23 years$2,708$2,114$1,633$1,249$948$250
24 years$2,568$1,981$1,510$1,140$852$209
25 years$2,439$1,859$1,399$1,041$767$175
26 years$2,320$1,747$1,297$952$691$147
27 years$2,210$1,644$1,205$871$623$123
28 years$2,108$1,549$1,120$798$562$103
29 years$2,014$1,462$1,042$732$508$86
30 years$1,926$1,380$971$672$459$72
31 years$1,843$1,305$905$617$415$61
32 years$1,766$1,235$844$567$375$51
33 years$1,694$1,169$788$521$339$43
34 years$1,626$1,108$737$480$307$36
35 years$1,563$1,051$689$442$278$30
36 years$1,502$998$644$407$252$25
37 years$1,446$948$603$375$229$21
38 years$1,392$901$565$345$207$18
39 years$1,341$856$529$318$188$15
40 years$1,293$815$496$294$170$12
41 years$1,248$776$465$271$155$10
42 years$1,204$739$436$250$140$9
43 years$1,163$704$409$231$127$7
44 years$1,124$671$384$213$116$6
45 years$1,087$640$361$197$105$5
46 years$1,051$610$339$182$95$4
47 years$1,017$582$318$168$87$4
48 years$984$556$299$155$79$3
49 years$953$531$281$143$71$3
50 years$924$507$264$133$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $946,000, adding $6,764 every year, while hoping to spend $33,056 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: 38/37/25 Blend
68$946,000$946,000$946,000$946,000
69$1,049,469$999,331$984,668$1,081,304
70$1,121,344$1,013,127$982,483$1,118,943
71$1,199,441$1,026,491$979,117$1,156,037
72$1,284,362$1,039,367$974,495$1,195,477
73$1,376,767$1,051,695$968,540$1,237,495
74$1,477,380$1,063,411$961,170$1,282,350
75$1,587,002$1,074,448$952,298$1,330,329
76$1,706,511$1,084,731$941,835$1,381,747
77$1,836,876$1,094,184$929,687$1,436,956
78$1,979,162$1,102,723$915,756$1,496,344
79$2,134,541$1,110,261$899,938$1,560,342
80$2,304,304$1,116,703$882,126$1,629,426
81$2,489,872$1,121,951$862,206$1,704,123
82$2,692,809$1,125,897$840,061$1,785,016
83$2,914,839$1,128,429$815,566$1,872,753
84$3,157,858$1,129,427$788,593$1,968,046
85$3,423,955$1,128,764$759,006$2,071,686
86$3,715,429$1,126,305$726,663$2,184,548
87$4,034,814$1,121,905$691,418$2,307,597
88$4,384,898$1,115,412$653,114$2,441,905
89$4,768,756$1,106,665$611,591$2,588,652
90$5,189,770$1,095,492$566,680$2,749,146
91$5,651,667$1,081,712$518,205$2,924,831
92$6,158,552$1,065,131$465,980$3,117,304
93$6,714,948$1,045,546$409,814$3,328,330
94$7,325,836$1,022,741$349,506$3,559,859
95$7,996,702$996,486$284,845$3,814,046
96$8,733,590$966,539$215,612$4,093,271
97$9,543,160$932,642$141,578$4,400,164
98$10,432,746$894,526$62,505$4,737,629
99$11,410,430$851,901$0$5,108,875
100$12,485,114$804,465$0$5,523,282