Can I retire at age 69 with 963,000?

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 $963,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$79,524$78,815$78,124$77,450$76,791$75,364
2 years$39,368$38,635$37,924$37,235$36,567$35,135
3 years$25,985$25,248$24,540$23,857$23,200$21,807
4 years$19,294$18,560$17,859$17,188$16,546$15,203
5 years$15,281$14,551$13,859$13,202$12,578$11,289
6 years$12,607$11,882$11,200$10,558$9,953$8,719
7 years$10,697$9,979$9,307$8,680$8,094$6,916
8 years$9,265$8,554$7,893$7,281$6,715$5,592
9 years$8,152$7,447$6,799$6,202$5,655$4,587
10 years$7,263$6,565$5,927$5,346$4,818$3,804
11 years$6,535$5,844$5,218$4,653$4,144$3,182
12 years$5,929$5,245$4,631$4,081$3,591$2,680
13 years$5,417$4,740$4,137$3,603$3,131$2,270
14 years$4,978$4,309$3,718$3,198$2,745$1,932
15 years$4,598$3,936$3,356$2,852$2,417$1,650
16 years$4,266$3,611$3,043$2,554$2,136$1,414
17 years$3,974$3,326$2,769$2,295$1,894$1,215
18 years$3,714$3,073$2,528$2,068$1,684$1,047
19 years$3,482$2,848$2,314$1,869$1,501$903
20 years$3,273$2,647$2,124$1,692$1,341$781
21 years$3,084$2,465$1,953$1,536$1,200$676
22 years$2,913$2,301$1,800$1,397$1,075$585
23 years$2,757$2,152$1,662$1,272$965$508
24 years$2,614$2,017$1,537$1,160$868$441
25 years$2,483$1,893$1,424$1,059$781$383
26 years$2,362$1,779$1,321$969$703$333
27 years$2,250$1,674$1,226$887$634$290
28 years$2,146$1,577$1,140$812$572$252
29 years$2,050$1,488$1,061$745$517$220
30 years$1,960$1,405$988$684$467$191
31 years$1,876$1,328$921$628$422$167
32 years$1,798$1,257$860$577$382$145
33 years$1,725$1,190$803$531$346$127
34 years$1,656$1,128$750$488$313$111
35 years$1,591$1,070$701$449$283$96
36 years$1,529$1,016$656$414$257$84
37 years$1,472$965$614$381$233$73
38 years$1,417$917$575$352$211$64
39 years$1,366$872$539$324$191$56
40 years$1,317$829$505$299$174$49
41 years$1,270$790$473$276$157$43
42 years$1,226$752$444$255$143$37
43 years$1,184$716$417$235$130$32
44 years$1,144$683$391$217$118$28
45 years$1,106$651$367$200$107$25
46 years$1,070$621$345$185$97$22
47 years$1,035$593$324$171$88$19
48 years$1,002$566$305$158$80$16
49 years$971$540$286$146$73$14
50 years$940$516$269$135$66$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $963,000, adding $4,140 every year, while hoping to spend $35,529 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: 56/24/20 Blend
68$963,000$963,000$963,000$963,000
69$1,065,496$1,014,457$999,531$1,119,219
70$1,136,374$1,026,363$995,213$1,168,244
71$1,213,291$1,037,662$989,559$1,217,477
72$1,296,825$1,048,285$982,487$1,270,333
73$1,387,613$1,058,163$973,912$1,327,170
74$1,486,354$1,067,217$963,743$1,388,381
75$1,593,818$1,075,367$951,884$1,454,403
76$1,710,854$1,082,526$938,238$1,525,714
77$1,838,392$1,088,602$922,701$1,602,847
78$1,977,461$1,093,495$905,164$1,686,388
79$2,129,187$1,097,102$885,513$1,776,983
80$2,294,816$1,099,312$863,629$1,875,348
81$2,475,716$1,100,006$839,389$1,982,272
82$2,673,392$1,099,060$812,661$2,098,625
83$2,889,503$1,096,339$783,311$2,225,371
84$3,125,876$1,091,703$751,195$2,363,570
85$3,384,520$1,085,002$716,165$2,514,396
86$3,667,650$1,076,076$678,065$2,679,142
87$3,977,703$1,064,756$636,734$2,859,237
88$4,317,365$1,050,865$592,000$3,056,257
89$4,689,590$1,034,212$543,686$3,271,944
90$5,097,637$1,014,596$491,608$3,508,216
91$5,545,089$991,805$435,570$3,767,195
92$6,035,898$965,613$375,372$4,051,218
93$6,574,414$935,782$310,801$4,362,868
94$7,165,428$902,060$241,636$4,704,992
95$7,814,219$864,178$167,648$5,080,733
96$8,526,600$821,854$88,596$5,493,558
97$9,308,978$774,789$4,229$5,947,293
98$10,168,408$722,668$0$6,446,158
99$11,112,661$665,154$0$7,013,120
100$12,150,301$601,895$0$7,637,159