Can I retire at age 69 with 958,000?

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 $958,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$79,111$78,406$77,719$77,048$76,392$73,947
2 years$39,164$38,434$37,727$37,042$36,377$33,936
3 years$25,850$25,117$24,412$23,733$23,079$20,719
4 years$19,194$18,464$17,766$17,098$16,460$14,199
5 years$15,202$14,476$13,787$13,133$12,513$10,357
6 years$12,541$11,821$11,142$10,503$9,901$7,851
7 years$10,641$9,927$9,259$8,635$8,052$6,109
8 years$9,217$8,509$7,852$7,244$6,680$4,842
9 years$8,110$7,409$6,763$6,170$5,626$3,891
10 years$7,225$6,531$5,896$5,319$4,793$3,159
11 years$6,501$5,814$5,191$4,629$4,122$2,586
12 years$5,898$5,218$4,607$4,060$3,572$2,130
13 years$5,389$4,716$4,116$3,584$3,115$1,764
14 years$4,952$4,286$3,698$3,182$2,731$1,466
15 years$4,575$3,916$3,339$2,838$2,404$1,223
16 years$4,244$3,593$3,027$2,541$2,125$1,023
17 years$3,953$3,309$2,755$2,283$1,884$858
18 years$3,695$3,057$2,515$2,057$1,675$720
19 years$3,464$2,833$2,302$1,859$1,493$606
20 years$3,256$2,633$2,113$1,684$1,334$510
21 years$3,068$2,453$1,943$1,528$1,194$430
22 years$2,898$2,289$1,791$1,389$1,070$363
23 years$2,743$2,141$1,654$1,265$960$307
24 years$2,600$2,006$1,529$1,154$863$259
25 years$2,470$1,883$1,417$1,054$777$219
26 years$2,350$1,769$1,314$964$700$186
27 years$2,238$1,665$1,220$882$631$157
28 years$2,135$1,569$1,134$808$569$133
29 years$2,039$1,480$1,055$741$514$113
30 years$1,950$1,398$983$680$464$95
31 years$1,867$1,322$916$625$420$81
32 years$1,789$1,250$855$574$380$68
33 years$1,716$1,184$798$528$344$58
34 years$1,647$1,122$746$486$311$49
35 years$1,582$1,065$697$447$282$42
36 years$1,522$1,010$652$412$255$35
37 years$1,464$960$611$379$231$30
38 years$1,410$912$572$350$210$25
39 years$1,358$867$536$322$190$22
40 years$1,310$825$502$297$173$18
41 years$1,264$785$471$274$157$15
42 years$1,220$748$442$253$142$13
43 years$1,178$713$414$234$129$11
44 years$1,138$679$389$216$117$9
45 years$1,100$648$365$199$106$8
46 years$1,064$618$343$184$96$7
47 years$1,030$590$322$170$88$6
48 years$997$563$303$157$80$5
49 years$965$538$285$145$72$4
50 years$935$514$268$134$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $958,000, adding $4,684 every year, while hoping to spend $29,748 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: 56/39/5 Blend
68$958,000$958,000$958,000$958,000
69$1,060,548$1,009,774$994,925$1,118,630
70$1,137,072$1,027,601$996,603$1,176,077
71$1,220,404$1,045,305$997,340$1,234,862
72$1,311,209$1,062,847$997,074$1,298,142
73$1,410,214$1,080,189$995,738$1,366,348
74$1,518,224$1,097,286$993,263$1,439,955
75$1,636,121$1,114,092$989,577$1,519,485
76$1,764,881$1,130,558$984,602$1,605,515
77$1,905,572$1,146,629$978,261$1,698,679
78$2,059,376$1,162,249$970,467$1,799,679
79$2,227,590$1,177,356$961,135$1,909,285
80$2,411,643$1,191,886$950,173$2,028,348
81$2,613,110$1,205,768$937,483$2,157,807
82$2,833,725$1,218,928$922,966$2,298,696
83$3,075,396$1,231,286$906,516$2,452,154
84$3,340,225$1,242,758$888,023$2,619,439
85$3,630,527$1,253,253$867,372$2,801,937
86$3,948,853$1,262,674$844,440$3,001,175
87$4,298,010$1,270,919$819,103$3,218,839
88$4,681,092$1,277,879$791,229$3,456,785
89$5,101,506$1,283,438$760,677$3,717,062
90$5,563,005$1,287,472$727,305$4,001,928
91$6,069,723$1,289,850$690,961$4,313,873
92$6,626,214$1,290,431$651,488$4,655,642
93$7,237,494$1,289,069$608,719$5,030,261
94$7,909,091$1,285,605$562,483$5,441,069
95$8,647,091$1,279,873$512,599$5,891,744
96$9,458,202$1,271,695$458,880$6,386,344
97$10,349,814$1,260,883$401,127$6,929,342
98$11,330,067$1,247,238$339,136$7,525,669
99$12,407,929$1,230,548$272,693$8,180,763
100$13,593,283$1,210,590$201,573$8,900,619