Can I retire at age 69 with 968,000?

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 $968,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$79,937$79,225$78,530$77,852$77,190$74,392
2 years$39,573$38,836$38,121$37,429$36,757$33,969
3 years$26,120$25,379$24,667$23,981$23,320$20,629
4 years$19,395$18,657$17,951$17,277$16,632$14,059
5 years$15,360$14,627$13,931$13,270$12,643$10,195
6 years$12,672$11,944$11,258$10,612$10,004$7,683
7 years$10,752$10,031$9,356$8,725$8,136$5,941
8 years$9,313$8,598$7,934$7,319$6,750$4,678
9 years$8,195$7,486$6,834$6,234$5,684$3,734
10 years$7,300$6,599$5,958$5,374$4,843$3,011
11 years$6,569$5,874$5,245$4,677$4,165$2,447
12 years$5,960$5,273$4,655$4,102$3,610$2,001
13 years$5,445$4,765$4,159$3,622$3,148$1,644
14 years$5,004$4,331$3,737$3,215$2,759$1,357
15 years$4,622$3,957$3,374$2,867$2,429$1,123
16 years$4,289$3,630$3,059$2,567$2,147$932
17 years$3,994$3,343$2,783$2,307$1,904$775
18 years$3,733$3,089$2,541$2,079$1,693$645
19 years$3,500$2,863$2,326$1,878$1,509$538
20 years$3,290$2,660$2,135$1,701$1,348$450
21 years$3,100$2,478$1,964$1,544$1,206$376
22 years$2,928$2,313$1,810$1,404$1,081$315
23 years$2,771$2,164$1,671$1,278$970$263
24 years$2,628$2,027$1,545$1,166$872$221
25 years$2,496$1,902$1,431$1,065$785$185
26 years$2,374$1,788$1,327$974$707$155
27 years$2,262$1,683$1,233$891$637$130
28 years$2,157$1,586$1,146$817$575$109
29 years$2,061$1,496$1,066$749$519$92
30 years$1,970$1,413$993$687$469$77
31 years$1,886$1,335$926$631$424$65
32 years$1,807$1,264$864$580$384$54
33 years$1,734$1,197$807$533$347$46
34 years$1,664$1,134$754$491$314$38
35 years$1,599$1,076$705$452$285$32
36 years$1,537$1,021$659$416$258$27
37 years$1,479$970$617$383$234$23
38 years$1,425$922$578$353$212$19
39 years$1,373$876$541$326$192$16
40 years$1,323$834$507$301$174$13
41 years$1,277$794$476$277$158$11
42 years$1,232$756$446$256$144$9
43 years$1,190$720$419$236$130$8
44 years$1,150$686$393$218$118$7
45 years$1,112$655$369$201$107$6
46 years$1,075$624$347$186$97$5
47 years$1,041$596$326$172$89$4
48 years$1,007$569$306$159$80$3
49 years$976$543$288$147$73$3
50 years$945$519$270$136$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $968,000, adding $4,489 every year, while hoping to spend $31,774 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: 28/44/28 Blend
68$968,000$968,000$968,000$968,000
69$1,071,366$1,020,062$1,005,058$1,091,969
70$1,146,838$1,036,238$1,004,921$1,124,970
71$1,228,944$1,052,142$1,003,713$1,157,359
72$1,318,325$1,067,726$1,001,367$1,191,518
73$1,415,691$1,082,941$997,809$1,227,621
74$1,521,819$1,097,732$992,963$1,265,862
75$1,637,566$1,112,043$986,749$1,306,456
76$1,763,876$1,125,811$979,084$1,349,641
77$1,901,787$1,138,972$969,878$1,395,682
78$2,052,442$1,151,454$959,042$1,444,872
79$2,217,098$1,163,183$946,477$1,497,537
80$2,397,142$1,174,078$932,084$1,554,039
81$2,594,099$1,184,056$915,757$1,614,779
82$2,809,646$1,193,024$897,384$1,680,200
83$3,045,635$1,200,887$876,851$1,750,796
84$3,304,101$1,207,542$854,037$1,827,113
85$3,587,286$1,212,878$828,814$1,909,754
86$3,897,660$1,216,780$801,050$1,999,391
87$4,237,944$1,219,125$770,608$2,096,766
88$4,611,132$1,219,780$737,341$2,202,699
89$5,020,524$1,218,606$701,098$2,318,102
90$5,469,754$1,215,454$661,722$2,443,982
91$5,962,826$1,210,168$619,047$2,581,453
92$6,504,149$1,202,581$572,899$2,731,749
93$7,098,579$1,192,515$523,099$2,896,234
94$7,751,468$1,179,782$469,456$3,076,419
95$8,468,711$1,164,184$411,776$3,273,973
96$9,256,799$1,145,509$349,850$3,490,744
97$10,122,887$1,123,534$283,465$3,728,773
98$11,074,857$1,098,021$212,396$3,990,317
99$12,121,389$1,068,721$136,408$4,277,873
100$13,272,049$1,035,367$55,256$4,594,198