Can I retire at age 69 with 967,000?

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 $967,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$79,854$79,143$78,449$77,771$77,110$76,592
2 years$39,532$38,795$38,082$37,390$36,719$36,197
3 years$26,093$25,353$24,642$23,956$23,296$22,785
4 years$19,374$18,637$17,933$17,259$16,615$16,120
5 years$15,345$14,612$13,917$13,257$12,630$12,153
6 years$12,659$11,932$11,247$10,601$9,994$9,534
7 years$10,741$10,020$9,346$8,716$8,128$7,686
8 years$9,304$8,589$7,926$7,312$6,743$6,319
9 years$8,186$7,478$6,827$6,228$5,678$5,272
10 years$7,293$6,592$5,952$5,369$4,838$4,450
11 years$6,562$5,868$5,240$4,672$4,161$3,790
12 years$5,954$5,267$4,650$4,098$3,606$3,252
13 years$5,440$4,760$4,155$3,618$3,144$2,807
14 years$4,999$4,327$3,733$3,212$2,756$2,435
15 years$4,618$3,952$3,370$2,864$2,427$2,122
16 years$4,284$3,626$3,056$2,565$2,145$1,855
17 years$3,990$3,340$2,781$2,304$1,902$1,627
18 years$3,729$3,086$2,538$2,077$1,691$1,431
19 years$3,496$2,860$2,324$1,876$1,507$1,261
20 years$3,287$2,658$2,133$1,699$1,346$1,113
21 years$3,097$2,476$1,962$1,542$1,205$985
22 years$2,925$2,311$1,808$1,402$1,080$872
23 years$2,768$2,161$1,669$1,277$969$774
24 years$2,625$2,025$1,544$1,165$871$687
25 years$2,493$1,900$1,430$1,064$784$611
26 years$2,372$1,786$1,326$973$706$543
27 years$2,259$1,681$1,231$890$637$484
28 years$2,155$1,584$1,145$816$575$431
29 years$2,059$1,494$1,065$748$519$384
30 years$1,968$1,411$992$687$469$343
31 years$1,884$1,334$925$631$424$306
32 years$1,806$1,262$863$579$383$273
33 years$1,732$1,195$806$533$347$244
34 years$1,662$1,133$753$490$314$218
35 years$1,597$1,075$704$451$285$195
36 years$1,536$1,020$659$416$258$174
37 years$1,478$969$616$383$234$156
38 years$1,423$921$577$353$212$139
39 years$1,371$875$541$325$192$125
40 years$1,322$833$507$300$174$112
41 years$1,275$793$475$277$158$100
42 years$1,231$755$446$256$143$89
43 years$1,189$719$418$236$130$80
44 years$1,149$686$393$218$118$72
45 years$1,111$654$369$201$107$64
46 years$1,074$624$346$186$97$57
47 years$1,040$595$325$172$88$51
48 years$1,006$568$306$159$80$46
49 years$975$543$287$147$73$41
50 years$944$518$270$136$66$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $967,000, adding $4,803 every year, while hoping to spend $31,378 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: 60/26/14 Blend
68$967,000$967,000$967,000$967,000
69$1,070,588$1,019,337$1,004,349$1,130,817
70$1,146,402$1,035,899$1,004,609$1,188,514
71$1,228,898$1,052,220$1,003,825$1,247,481
72$1,318,723$1,068,257$1,001,931$1,311,058
73$1,416,591$1,083,960$998,854$1,379,695
74$1,523,288$1,099,278$994,520$1,453,884
75$1,639,677$1,114,157$988,851$1,534,172
76$1,766,710$1,128,536$981,763$1,621,159
77$1,905,434$1,142,354$973,171$1,715,508
78$2,057,001$1,155,542$962,985$1,817,950
79$2,222,679$1,168,028$951,110$1,929,290
80$2,403,867$1,179,736$937,446$2,050,417
81$2,602,102$1,190,583$921,891$2,182,310
82$2,819,077$1,200,483$904,335$2,326,050
83$3,056,658$1,209,341$884,666$2,482,829
84$3,316,899$1,217,060$862,763$2,653,960
85$3,602,060$1,223,534$838,504$2,840,892
86$3,914,634$1,228,651$811,757$3,045,223
87$4,257,362$1,232,291$782,387$3,268,714
88$4,633,267$1,234,327$750,251$3,513,308
89$5,045,677$1,234,625$715,201$3,781,148
90$5,498,256$1,233,042$677,080$4,074,595
91$5,995,043$1,229,426$635,727$4,396,255
92$6,540,486$1,223,616$590,972$4,749,000
93$7,139,483$1,215,441$542,637$5,135,997
94$7,797,431$1,204,718$490,536$5,560,738
95$8,520,276$1,191,257$434,477$6,027,074
96$9,314,568$1,174,852$374,255$6,539,252
97$10,187,522$1,155,288$309,661$7,101,953
98$11,147,088$1,132,336$240,473$7,720,338
99$12,202,023$1,105,753$166,462$8,400,099
100$13,361,977$1,075,282$87,386$9,147,512