Can I retire at age 69 with 955,000?

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 $955,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$78,863$78,161$77,475$76,806$76,153$74,922
2 years$39,041$38,314$37,609$36,926$36,263$35,027
3 years$25,769$25,039$24,336$23,659$23,007$21,803
4 years$19,134$18,406$17,710$17,045$16,409$15,247
5 years$15,154$14,431$13,744$13,092$12,474$11,357
6 years$12,502$11,784$11,107$10,470$9,870$8,800
7 years$10,608$9,896$9,230$8,608$8,027$7,004
8 years$9,188$8,483$7,828$7,221$6,659$5,683
9 years$8,085$7,386$6,742$6,151$5,608$4,678
10 years$7,202$6,510$5,878$5,302$4,778$3,893
11 years$6,481$5,796$5,175$4,614$4,109$3,269
12 years$5,880$5,202$4,592$4,047$3,561$2,764
13 years$5,372$4,701$4,103$3,573$3,105$2,351
14 years$4,937$4,273$3,687$3,172$2,722$2,009
15 years$4,560$3,903$3,329$2,829$2,397$1,723
16 years$4,231$3,581$3,018$2,533$2,118$1,483
17 years$3,941$3,298$2,746$2,276$1,878$1,280
18 years$3,683$3,048$2,507$2,051$1,670$1,107
19 years$3,453$2,825$2,295$1,853$1,489$959
20 years$3,246$2,625$2,106$1,678$1,330$833
21 years$3,059$2,445$1,937$1,523$1,190$724
22 years$2,889$2,282$1,785$1,385$1,067$630
23 years$2,734$2,134$1,649$1,261$957$549
24 years$2,592$2,000$1,525$1,150$861$479
25 years$2,462$1,877$1,412$1,051$774$418
26 years$2,342$1,764$1,310$961$697$366
27 years$2,231$1,660$1,216$879$629$320
28 years$2,128$1,564$1,131$806$567$280
29 years$2,033$1,476$1,052$739$512$245
30 years$1,944$1,394$980$678$463$214
31 years$1,861$1,317$914$623$419$188
32 years$1,783$1,247$852$572$379$164
33 years$1,710$1,181$796$526$343$144
34 years$1,642$1,119$744$484$310$126
35 years$1,577$1,061$695$446$281$111
36 years$1,517$1,007$650$411$255$97
37 years$1,460$957$609$378$231$85
38 years$1,405$909$570$349$209$75
39 years$1,354$865$534$321$190$65
40 years$1,306$823$501$296$172$57
41 years$1,260$783$469$274$156$50
42 years$1,216$746$440$252$142$44
43 years$1,174$710$413$233$129$39
44 years$1,135$677$388$215$117$34
45 years$1,097$646$364$199$106$30
46 years$1,061$616$342$184$96$26
47 years$1,027$588$321$170$87$23
48 years$994$561$302$157$79$20
49 years$962$536$284$145$72$18
50 years$932$512$267$134$65$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $955,000, adding $3,003 every year, while hoping to spend $38,102 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: 69/25/6 Blend
68$955,000$955,000$955,000$955,000
69$1,055,508$1,004,893$990,090$1,127,253
70$1,122,629$1,013,592$982,718$1,183,809
71$1,195,320$1,021,441$973,822$1,240,696
72$1,274,108$1,028,357$963,310$1,301,879
73$1,359,574$1,034,253$951,088$1,367,769
74$1,452,356$1,039,037$937,055$1,438,821
75$1,553,156$1,042,609$921,105$1,515,537
76$1,662,746$1,044,865$903,131$1,598,471
77$1,781,976$1,045,694$883,016$1,688,231
78$1,911,781$1,044,976$860,640$1,785,491
79$2,053,190$1,042,587$835,879$1,890,992
80$2,207,334$1,038,393$808,599$2,005,551
81$2,375,459$1,032,251$778,665$2,130,071
82$2,558,937$1,024,012$745,931$2,265,545
83$2,759,277$1,013,517$710,248$2,413,071
84$2,978,140$1,000,597$671,458$2,573,859
85$3,217,356$985,072$629,398$2,749,241
86$3,478,939$966,753$583,895$2,940,690
87$3,765,105$945,438$534,770$3,149,827
88$4,078,297$920,916$481,836$3,378,441
89$4,421,203$892,960$424,897$3,628,507
90$4,796,783$861,333$363,749$3,902,199
91$5,208,298$825,781$298,177$4,201,918
92$5,659,338$786,038$227,960$4,530,310
93$6,153,857$741,821$152,864$4,890,294
94$6,696,212$692,831$72,645$5,285,088
95$7,291,198$638,752$0$5,718,242
96$7,944,100$579,251$0$6,194,498
97$8,660,738$513,974$0$6,722,361
98$9,447,523$442,548$0$7,301,952
99$10,311,516$364,579$0$7,938,537
100$11,260,498$279,651$0$8,637,922