Can I retire at age 69 with 959,000?

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 $959,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$79,193$78,488$77,800$77,128$76,472$75,673
2 years$39,205$38,474$37,767$37,081$36,415$35,611
3 years$25,877$25,143$24,438$23,758$23,103$22,318
4 years$19,214$18,483$17,784$17,116$16,477$15,718
5 years$15,218$14,491$13,801$13,147$12,526$11,794
6 years$12,554$11,833$11,154$10,514$9,911$9,208
7 years$10,652$9,937$9,269$8,644$8,061$7,386
8 years$9,227$8,518$7,861$7,251$6,687$6,041
9 years$8,119$7,417$6,770$6,176$5,631$5,014
10 years$7,232$6,537$5,903$5,324$4,798$4,209
11 years$6,508$5,820$5,196$4,634$4,127$3,565
12 years$5,905$5,224$4,612$4,064$3,576$3,042
13 years$5,395$4,721$4,120$3,588$3,118$2,610
14 years$4,958$4,291$3,702$3,185$2,734$2,251
15 years$4,579$3,920$3,342$2,841$2,407$1,950
16 years$4,249$3,596$3,030$2,543$2,127$1,694
17 years$3,957$3,312$2,758$2,285$1,886$1,477
18 years$3,698$3,061$2,517$2,059$1,677$1,290
19 years$3,467$2,836$2,304$1,861$1,495$1,130
20 years$3,259$2,636$2,115$1,685$1,335$991
21 years$3,071$2,455$1,945$1,530$1,195$871
22 years$2,901$2,292$1,793$1,391$1,071$766
23 years$2,745$2,143$1,655$1,267$961$675
24 years$2,603$2,008$1,531$1,155$864$595
25 years$2,472$1,885$1,418$1,055$778$525
26 years$2,352$1,771$1,315$965$700$464
27 years$2,241$1,667$1,221$883$631$410
28 years$2,137$1,571$1,135$809$570$363
29 years$2,041$1,482$1,056$742$515$321
30 years$1,952$1,399$984$681$465$285
31 years$1,869$1,323$917$625$420$252
32 years$1,791$1,252$856$575$380$223
33 years$1,717$1,185$799$528$344$198
34 years$1,649$1,124$747$486$312$176
35 years$1,584$1,066$698$448$282$156
36 years$1,523$1,011$653$412$256$138
37 years$1,466$961$611$380$232$123
38 years$1,411$913$572$350$210$109
39 years$1,360$868$536$323$190$97
40 years$1,311$826$503$298$173$86
41 years$1,265$786$471$275$157$76
42 years$1,221$749$442$254$142$68
43 years$1,179$713$415$234$129$60
44 years$1,139$680$389$216$117$53
45 years$1,102$649$366$200$106$47
46 years$1,065$619$343$184$97$42
47 years$1,031$590$323$170$88$37
48 years$998$564$303$157$80$33
49 years$966$538$285$145$72$30
50 years$936$514$268$134$66$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $959,000, adding $2,662 every year, while hoping to spend $56,232 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: 59/34/7 Blend
68$959,000$959,000$959,000$959,000
69$1,059,564$1,008,737$993,872$1,120,368
70$1,107,809$998,335$967,337$1,151,061
71$1,159,090$985,538$938,027$1,177,868
72$1,213,659$970,170$905,792$1,205,688
73$1,271,787$952,044$870,472$1,234,621
74$1,333,777$930,961$831,900$1,264,779
75$1,399,956$906,712$789,902$1,296,289
76$1,470,684$879,074$744,297$1,329,293
77$1,546,357$847,811$694,893$1,363,949
78$1,627,406$812,675$641,493$1,400,436
79$1,714,307$773,402$583,889$1,438,954
80$1,807,581$729,713$521,864$1,479,727
81$1,907,798$681,313$455,190$1,523,004
82$2,015,587$627,891$383,633$1,569,066
83$2,131,636$569,117$306,943$1,618,224
84$2,256,701$504,642$224,864$1,670,829
85$2,391,614$434,098$137,126$1,727,269
86$2,537,287$357,097$43,448$1,787,980
87$2,694,722$273,227$0$1,853,446
88$2,865,023$182,055$0$1,928,428
89$3,049,401$83,121$0$2,013,043
90$3,249,189$0$0$2,104,738
91$3,465,850$0$0$2,213,282
92$3,700,995$0$0$2,364,905
93$3,956,397$0$0$2,529,657
94$4,234,004$0$0$2,708,806
95$4,535,959$0$0$2,903,744
96$4,864,622$0$0$3,116,002
97$5,222,587$0$0$3,347,267
98$5,612,710$0$0$3,599,394
99$6,038,135$0$0$3,874,426
100$6,502,320$0$0$4,174,609