Can I retire at age 69 with 948,000?

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 $948,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$78,285$77,588$76,907$76,243$75,595$73,767
2 years$38,755$38,033$37,334$36,655$35,998$34,167
3 years$25,580$24,855$24,157$23,485$22,838$21,063
4 years$18,994$18,271$17,580$16,920$16,288$14,581
5 years$15,043$14,325$13,643$12,996$12,382$10,748
6 years$12,410$11,697$11,026$10,393$9,798$8,238
7 years$10,530$9,823$9,162$8,545$7,968$6,483
8 years$9,121$8,420$7,770$7,168$6,610$5,199
9 years$8,025$7,331$6,693$6,106$5,567$4,229
10 years$7,149$6,462$5,835$5,263$4,743$3,477
11 years$6,433$5,753$5,137$4,580$4,079$2,883
12 years$5,837$5,164$4,559$4,018$3,535$2,406
13 years$5,333$4,666$4,073$3,547$3,083$2,019
14 years$4,901$4,242$3,660$3,149$2,702$1,702
15 years$4,527$3,875$3,304$2,808$2,379$1,440
16 years$4,200$3,555$2,996$2,514$2,103$1,222
17 years$3,912$3,274$2,726$2,259$1,864$1,039
18 years$3,656$3,025$2,488$2,036$1,658$886
19 years$3,427$2,804$2,278$1,840$1,478$757
20 years$3,222$2,606$2,091$1,666$1,320$647
21 years$3,036$2,427$1,923$1,512$1,181$554
22 years$2,868$2,265$1,772$1,375$1,059$475
23 years$2,714$2,119$1,636$1,252$950$408
24 years$2,573$1,985$1,513$1,142$854$350
25 years$2,444$1,863$1,402$1,043$769$301
26 years$2,325$1,751$1,300$954$692$259
27 years$2,215$1,648$1,207$873$624$222
28 years$2,113$1,553$1,122$800$563$191
29 years$2,018$1,465$1,044$733$509$165
30 years$1,930$1,383$973$673$460$142
31 years$1,847$1,308$907$618$415$122
32 years$1,770$1,237$846$568$376$105
33 years$1,698$1,172$790$522$340$91
34 years$1,630$1,111$738$481$308$78
35 years$1,566$1,053$690$442$279$67
36 years$1,506$1,000$646$407$253$58
37 years$1,449$950$604$375$229$50
38 years$1,395$902$566$346$208$43
39 years$1,344$858$530$319$188$37
40 years$1,296$816$497$294$171$32
41 years$1,250$777$466$272$155$28
42 years$1,207$740$437$251$141$24
43 years$1,166$705$410$231$128$21
44 years$1,126$672$385$214$116$18
45 years$1,089$641$362$197$105$15
46 years$1,053$612$340$182$95$13
47 years$1,019$584$319$168$87$11
48 years$987$557$300$156$79$10
49 years$955$532$282$144$72$9
50 years$926$508$265$133$65$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $948,000, adding $3,493 every year, while hoping to spend $47,778 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: 56/24/20 Blend
68$948,000$948,000$948,000$948,000
69$1,048,299$998,055$983,361$1,101,185
70$1,104,390$996,124$965,468$1,135,730
71$1,164,601$992,498$945,375$1,167,942
72$1,229,302$987,042$922,956$1,201,987
73$1,298,899$979,614$898,083$1,238,054
74$1,373,836$970,066$870,619$1,276,352
75$1,454,605$958,236$840,422$1,317,113
76$1,541,742$943,957$807,344$1,360,597
77$1,635,839$927,050$771,229$1,407,090
78$1,737,544$907,325$731,914$1,456,912
79$1,847,570$884,580$689,230$1,510,417
80$1,966,702$858,605$642,999$1,568,001
81$2,095,802$829,173$593,036$1,630,099
82$2,235,818$796,046$539,147$1,697,197
83$2,387,792$758,973$481,129$1,769,833
84$2,552,871$717,687$418,771$1,848,604
85$2,732,316$671,906$351,852$1,934,172
86$2,927,514$621,332$280,141$2,027,270
87$3,139,993$565,649$203,398$2,128,712
88$3,371,432$504,525$121,371$2,239,399
89$3,623,678$437,608$33,798$2,360,329
90$3,898,768$364,525$0$2,492,606
91$4,198,938$284,883$0$2,650,186
92$4,526,655$198,267$0$2,830,218
93$4,884,631$104,239$0$3,027,044
94$5,275,852$2,336$0$3,242,391
95$5,703,608$0$0$3,478,164
96$6,171,517$0$0$3,764,972
97$6,683,566$0$0$4,079,595
98$7,244,145$0$0$4,424,123
99$7,858,087$0$0$4,801,538
100$8,530,715$0$0$5,215,123