Can I retire at age 69 with 966,000?

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 $966,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$79,771$79,061$78,368$77,691$77,030$76,449
2 years$39,491$38,755$38,043$37,351$36,681$36,095
3 years$26,066$25,327$24,616$23,931$23,272$22,699
4 years$19,354$18,618$17,914$17,241$16,598$16,043
5 years$15,329$14,597$13,902$13,243$12,617$12,082
6 years$12,646$11,919$11,235$10,590$9,984$9,468
7 years$10,730$10,010$9,336$8,707$8,119$7,624
8 years$9,294$8,580$7,918$7,304$6,736$6,261
9 years$8,178$7,471$6,820$6,221$5,673$5,218
10 years$7,285$6,585$5,946$5,363$4,833$4,399
11 years$6,555$5,862$5,234$4,667$4,157$3,742
12 years$5,948$5,262$4,645$4,094$3,602$3,207
13 years$5,434$4,755$4,150$3,614$3,141$2,764
14 years$4,994$4,322$3,729$3,208$2,754$2,395
15 years$4,613$3,948$3,367$2,861$2,424$2,084
16 years$4,280$3,623$3,053$2,562$2,143$1,820
17 years$3,986$3,336$2,778$2,302$1,900$1,594
18 years$3,725$3,083$2,536$2,075$1,689$1,399
19 years$3,493$2,857$2,321$1,874$1,506$1,231
20 years$3,283$2,655$2,130$1,698$1,345$1,086
21 years$3,094$2,473$1,960$1,541$1,204$959
22 years$2,922$2,308$1,806$1,401$1,079$848
23 years$2,766$2,159$1,668$1,276$968$751
24 years$2,622$2,023$1,542$1,164$870$666
25 years$2,490$1,898$1,428$1,063$783$591
26 years$2,369$1,784$1,325$972$706$525
27 years$2,257$1,679$1,230$889$636$467
28 years$2,153$1,582$1,144$815$574$415
29 years$2,056$1,493$1,064$747$518$370
30 years$1,966$1,410$991$686$468$329
31 years$1,882$1,333$924$630$423$293
32 years$1,804$1,261$862$579$383$262
33 years$1,730$1,194$805$532$347$233
34 years$1,661$1,132$752$490$314$208
35 years$1,596$1,073$703$451$284$186
36 years$1,534$1,019$658$415$258$166
37 years$1,476$968$616$383$233$148
38 years$1,422$920$577$353$212$132
39 years$1,370$874$540$325$192$118
40 years$1,321$832$506$300$174$105
41 years$1,274$792$475$277$158$94
42 years$1,230$754$445$255$143$84
43 years$1,188$719$418$236$130$75
44 years$1,148$685$392$218$118$67
45 years$1,110$653$368$201$107$60
46 years$1,073$623$346$186$97$54
47 years$1,038$595$325$172$88$48
48 years$1,005$568$305$159$80$43
49 years$974$542$287$146$73$38
50 years$943$518$270$135$66$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $966,000, adding $2,179 every year, while hoping to spend $49,109 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: 41/33/26 Blend
68$966,000$966,000$966,000$966,000
69$1,066,780$1,015,582$1,000,609$1,102,280
70$1,123,340$1,013,094$981,877$1,125,575
71$1,184,023$1,008,838$960,873$1,145,986
72$1,249,198$1,002,675$937,467$1,167,124
73$1,319,269$994,460$911,525$1,189,085
74$1,394,682$984,035$882,908$1,211,981
75$1,475,923$971,237$851,470$1,235,933
76$1,563,529$955,889$817,056$1,261,083
77$1,658,088$937,807$779,506$1,287,589
78$1,760,247$916,794$738,654$1,315,632
79$1,870,717$892,641$694,323$1,345,412
80$1,990,279$865,130$646,332$1,377,158
81$2,119,792$834,025$594,489$1,411,126
82$2,260,200$799,082$538,593$1,447,604
83$2,412,542$760,038$478,437$1,486,914
84$2,577,959$716,618$413,803$1,529,418
85$2,757,708$668,530$344,463$1,575,523
86$2,953,171$615,464$270,178$1,625,681
87$3,165,867$557,094$190,702$1,680,400
88$3,397,470$493,076$105,775$1,740,247
89$3,649,819$423,045$15,126$1,805,854
90$3,924,942$346,615$0$1,877,928
91$4,225,066$263,379$0$1,979,898
92$4,552,646$172,908$0$2,095,949
93$4,910,383$74,747$0$2,222,944
94$5,301,250$0$0$2,362,058
95$5,728,521$0$0$2,526,065
96$6,195,799$0$0$2,735,232
97$6,707,053$0$0$2,964,206
98$7,266,653$0$0$3,214,960
99$7,879,410$0$0$3,489,666
100$8,550,621$0$0$3,790,715