Can I retire at age 69 with 956,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $956,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$78,946$78,242$77,556$76,887$76,233$73,470
2 years$39,082$38,354$37,649$36,965$36,301$33,548
3 years$25,796$25,065$24,361$23,684$23,031$20,374
4 years$19,154$18,425$17,729$17,063$16,426$13,885
5 years$15,170$14,446$13,758$13,106$12,487$10,069
6 years$12,515$11,796$11,119$10,481$9,880$7,588
7 years$10,619$9,906$9,240$8,617$8,035$5,867
8 years$9,198$8,491$7,836$7,228$6,666$4,620
9 years$8,093$7,393$6,749$6,157$5,614$3,688
10 years$7,210$6,517$5,884$5,307$4,783$2,973
11 years$6,488$5,802$5,180$4,619$4,114$2,416
12 years$5,886$5,207$4,597$4,052$3,565$1,976
13 years$5,378$4,706$4,107$3,577$3,109$1,624
14 years$4,942$4,277$3,691$3,175$2,725$1,340
15 years$4,565$3,908$3,332$2,832$2,399$1,109
16 years$4,235$3,585$3,021$2,535$2,121$920
17 years$3,945$3,302$2,749$2,278$1,880$765
18 years$3,687$3,051$2,509$2,053$1,672$637
19 years$3,456$2,828$2,297$1,855$1,490$532
20 years$3,249$2,628$2,108$1,680$1,331$444
21 years$3,062$2,447$1,939$1,525$1,191$371
22 years$2,892$2,285$1,787$1,386$1,068$311
23 years$2,737$2,137$1,650$1,263$958$260
24 years$2,595$2,002$1,526$1,152$861$218
25 years$2,465$1,879$1,414$1,052$775$183
26 years$2,345$1,766$1,311$962$698$153
27 years$2,234$1,662$1,217$880$630$129
28 years$2,131$1,566$1,132$806$568$108
29 years$2,035$1,477$1,053$740$513$91
30 years$1,946$1,395$981$679$463$76
31 years$1,863$1,319$915$623$419$64
32 years$1,785$1,248$853$573$379$54
33 years$1,712$1,182$797$527$343$45
34 years$1,644$1,120$744$485$311$38
35 years$1,579$1,062$696$446$281$32
36 years$1,518$1,008$651$411$255$27
37 years$1,461$958$609$379$231$22
38 years$1,407$910$571$349$209$19
39 years$1,356$865$535$322$190$16
40 years$1,307$823$501$297$172$13
41 years$1,261$784$470$274$156$11
42 years$1,217$746$441$253$142$9
43 years$1,175$711$414$233$129$8
44 years$1,136$678$388$215$117$7
45 years$1,098$646$365$199$106$6
46 years$1,062$617$342$184$96$5
47 years$1,028$589$322$170$87$4
48 years$995$562$302$157$79$3
49 years$963$537$284$145$72$3
50 years$933$513$267$134$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $956,000, adding $6,436 every year, while hoping to spend $28,539 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: 38/43/19 Blend
68$956,000$956,000$956,000$956,000
69$1,060,151$1,009,483$994,665$1,094,174
70$1,137,921$1,028,582$997,621$1,138,386
71$1,222,667$1,047,661$999,719$1,182,956
72$1,315,071$1,066,688$1,000,901$1,230,530
73$1,415,882$1,085,629$1,001,105$1,281,398
74$1,525,926$1,104,449$1,000,267$1,335,873
75$1,646,111$1,123,109$998,317$1,394,308
76$1,777,439$1,141,565$995,185$1,457,087
77$1,921,010$1,159,774$990,796$1,524,636
78$2,078,037$1,177,687$985,071$1,597,427
79$2,249,854$1,195,251$977,929$1,675,979
80$2,437,933$1,212,412$969,283$1,760,866
81$2,643,891$1,229,109$959,043$1,852,720
82$2,869,512$1,245,279$947,114$1,952,241
83$3,116,758$1,260,854$933,399$2,060,202
84$3,387,792$1,275,760$917,792$2,177,454
85$3,684,994$1,289,920$900,186$2,304,938
86$4,010,988$1,303,251$880,467$2,443,693
87$4,368,663$1,315,664$858,516$2,594,866
88$4,761,200$1,327,065$834,210$2,759,721
89$5,192,104$1,337,353$807,417$2,939,657
90$5,665,235$1,346,420$778,003$3,136,214
91$6,184,848$1,354,153$745,825$3,351,094
92$6,755,627$1,360,431$710,734$3,586,176
93$7,382,732$1,365,124$672,575$3,843,532
94$8,071,851$1,368,095$631,186$4,125,449
95$8,829,246$1,369,198$586,397$4,434,451
96$9,661,818$1,368,278$538,031$4,773,324
97$10,577,171$1,365,170$485,902$5,145,141
98$11,583,679$1,359,701$429,817$5,553,293
99$12,690,572$1,351,684$369,573$6,001,520
100$13,908,017$1,340,923$304,960$6,493,951