Can I retire at age 69 with 953,000?

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 $953,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$78,698$77,997$77,313$76,645$75,994$75,515
2 years$38,959$38,234$37,531$36,849$36,187$35,704
3 years$25,715$24,986$24,285$23,609$22,959$22,486
4 years$19,094$18,367$17,673$17,009$16,374$15,917
5 years$15,122$14,400$13,715$13,065$12,448$12,005
6 years$12,476$11,759$11,084$10,448$9,849$9,424
7 years$10,586$9,875$9,211$8,590$8,010$7,601
8 years$9,169$8,465$7,811$7,206$6,645$6,253
9 years$8,068$7,370$6,728$6,138$5,596$5,220
10 years$7,187$6,496$5,866$5,291$4,768$4,408
11 years$6,467$5,783$5,164$4,605$4,101$3,757
12 years$5,868$5,191$4,583$4,039$3,554$3,226
13 years$5,361$4,691$4,095$3,566$3,099$2,786
14 years$4,927$4,264$3,679$3,165$2,716$2,419
15 years$4,551$3,895$3,322$2,823$2,392$2,109
16 years$4,222$3,574$3,012$2,528$2,114$1,845
17 years$3,933$3,291$2,740$2,271$1,874$1,619
18 years$3,675$3,041$2,502$2,047$1,667$1,425
19 years$3,446$2,819$2,290$1,849$1,485$1,257
20 years$3,239$2,619$2,102$1,675$1,327$1,110
21 years$3,052$2,440$1,933$1,520$1,187$983
22 years$2,883$2,277$1,782$1,382$1,064$871
23 years$2,728$2,130$1,645$1,259$955$774
24 years$2,587$1,996$1,521$1,148$859$687
25 years$2,457$1,873$1,409$1,048$773$612
26 years$2,337$1,760$1,307$959$696$544
27 years$2,227$1,657$1,214$877$628$485
28 years$2,124$1,561$1,128$804$566$433
29 years$2,029$1,473$1,050$737$511$386
30 years$1,940$1,391$978$677$462$345
31 years$1,857$1,315$912$621$418$308
32 years$1,779$1,244$851$571$378$275
33 years$1,707$1,178$794$525$342$246
34 years$1,638$1,117$742$483$310$220
35 years$1,574$1,059$694$445$280$197
36 years$1,514$1,005$649$410$254$176
37 years$1,456$955$607$377$230$158
38 years$1,402$907$569$348$209$141
39 years$1,351$863$533$321$189$126
40 years$1,303$821$500$296$172$113
41 years$1,257$781$468$273$156$101
42 years$1,213$744$439$252$141$91
43 years$1,172$709$412$233$128$81
44 years$1,132$676$387$215$116$73
45 years$1,095$644$363$198$106$65
46 years$1,059$615$341$183$96$58
47 years$1,024$587$321$169$87$52
48 years$992$560$301$156$79$47
49 years$960$535$283$145$72$42
50 years$930$511$266$134$65$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $953,000, adding $4,465 every year, while hoping to spend $44,003 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: 82/12/6 Blend
68$953,000$953,000$953,000$953,000
69$1,054,812$1,004,303$989,531$1,140,531
70$1,115,584$1,006,695$975,862$1,199,607
71$1,181,079$1,007,729$960,259$1,258,090
72$1,251,735$1,007,293$942,613$1,320,927
73$1,328,028$1,005,266$922,807$1,388,528
74$1,410,484$1,001,522$900,718$1,461,346
75$1,499,681$995,924$876,220$1,539,877
76$1,596,254$988,330$849,179$1,624,669
77$1,700,901$978,587$819,455$1,716,325
78$1,814,390$966,535$786,904$1,815,510
79$1,937,564$952,001$751,372$1,922,956
80$2,071,352$934,806$712,700$2,039,468
81$2,216,776$914,758$670,721$2,165,937
82$2,374,959$891,653$625,262$2,303,339
83$2,547,137$865,275$576,140$2,452,755
84$2,734,669$835,399$523,165$2,615,374
85$2,939,054$801,781$466,139$2,792,504
86$3,161,937$764,168$404,855$2,985,590
87$3,405,132$722,290$339,095$3,196,223
88$3,670,634$675,860$268,633$3,426,156
89$3,960,640$624,579$193,233$3,677,322
90$4,277,567$568,126$112,649$3,951,850
91$4,624,080$506,164$26,623$4,252,090
92$5,003,107$438,338$0$4,580,627
93$5,417,878$364,270$0$4,944,486
94$5,871,946$283,564$0$5,344,730
95$6,369,224$195,798$0$5,783,134
96$6,914,022$100,530$0$6,263,537
97$7,511,087$0$0$6,790,171
98$8,165,645$0$0$7,368,052
99$8,883,453$0$0$8,016,354
100$9,670,852$0$0$8,727,530