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%11.6%
1 years$79,937$79,225$78,530$77,852$77,190$76,671
2 years$39,573$38,836$38,121$37,429$36,757$36,234
3 years$26,120$25,379$24,667$23,981$23,320$22,809
4 years$19,395$18,657$17,951$17,277$16,632$16,137
5 years$15,360$14,627$13,931$13,270$12,643$12,165
6 years$12,672$11,944$11,258$10,612$10,004$9,544
7 years$10,752$10,031$9,356$8,725$8,136$7,694
8 years$9,313$8,598$7,934$7,319$6,750$6,325
9 years$8,195$7,486$6,834$6,234$5,684$5,278
10 years$7,300$6,599$5,958$5,374$4,843$4,454
11 years$6,569$5,874$5,245$4,677$4,165$3,794
12 years$5,960$5,273$4,655$4,102$3,610$3,255
13 years$5,445$4,765$4,159$3,622$3,148$2,810
14 years$5,004$4,331$3,737$3,215$2,759$2,438
15 years$4,622$3,957$3,374$2,867$2,429$2,124
16 years$4,289$3,630$3,059$2,567$2,147$1,857
17 years$3,994$3,343$2,783$2,307$1,904$1,629
18 years$3,733$3,089$2,541$2,079$1,693$1,432
19 years$3,500$2,863$2,326$1,878$1,509$1,262
20 years$3,290$2,660$2,135$1,701$1,348$1,114
21 years$3,100$2,478$1,964$1,544$1,206$986
22 years$2,928$2,313$1,810$1,404$1,081$873
23 years$2,771$2,164$1,671$1,278$970$775
24 years$2,628$2,027$1,545$1,166$872$688
25 years$2,496$1,902$1,431$1,065$785$611
26 years$2,374$1,788$1,327$974$707$544
27 years$2,262$1,683$1,233$891$637$484
28 years$2,157$1,586$1,146$817$575$432
29 years$2,061$1,496$1,066$749$519$385
30 years$1,970$1,413$993$687$469$343
31 years$1,886$1,335$926$631$424$306
32 years$1,807$1,264$864$580$384$274
33 years$1,734$1,197$807$533$347$244
34 years$1,664$1,134$754$491$314$218
35 years$1,599$1,076$705$452$285$195
36 years$1,537$1,021$659$416$258$174
37 years$1,479$970$617$383$234$156
38 years$1,425$922$578$353$212$140
39 years$1,373$876$541$326$192$125
40 years$1,323$834$507$301$174$112
41 years$1,277$794$476$277$158$100
42 years$1,232$756$446$256$144$89
43 years$1,190$720$419$236$130$80
44 years$1,150$686$393$218$118$72
45 years$1,112$655$369$201$107$64
46 years$1,075$624$347$186$97$57
47 years$1,041$596$326$172$89$51
48 years$1,007$569$306$159$80$46
49 years$976$543$288$147$73$41
50 years$945$519$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 $968,000, adding $4,841 every year, while hoping to spend $33,906 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: 56/38/6 Blend
68$968,000$968,000$968,000$968,000
69$1,071,729$1,020,425$1,005,421$1,130,106
70$1,144,970$1,034,351$1,003,027$1,183,899
71$1,224,545$1,047,822$999,417$1,238,241
72$1,311,064$1,060,781$994,513$1,296,587
73$1,405,200$1,073,166$988,236$1,359,321
74$1,507,689$1,084,910$980,501$1,426,868
75$1,619,347$1,095,944$971,221$1,499,697
76$1,741,066$1,106,191$960,303$1,578,323
77$1,873,832$1,115,571$947,650$1,663,317
78$2,018,728$1,123,999$933,161$1,755,306
79$2,176,947$1,131,384$916,731$1,854,984
80$2,349,802$1,137,629$898,248$1,963,116
81$2,538,739$1,142,629$877,596$2,080,546
82$2,745,348$1,146,277$854,654$2,208,205
83$2,971,384$1,148,454$829,295$2,347,119
84$3,218,774$1,149,037$801,385$2,498,423
85$3,489,644$1,147,895$770,787$2,663,366
86$3,786,333$1,144,887$737,353$2,843,327
87$4,111,417$1,139,866$700,934$3,039,828
88$4,467,736$1,132,672$661,368$3,254,548
89$4,858,412$1,123,141$618,492$3,489,339
90$5,286,889$1,111,094$572,130$3,746,242
91$5,756,958$1,096,343$522,102$4,027,513
92$6,272,794$1,078,690$468,219$4,335,638
93$6,838,997$1,057,924$410,282$4,673,357
94$7,460,633$1,033,821$348,086$5,043,697
95$8,143,285$1,006,146$281,414$5,449,994
96$8,893,099$974,646$210,040$5,895,929
97$9,716,849$939,058$133,731$6,385,562
98$10,621,996$899,100$52,239$6,923,369
99$11,616,761$854,477$0$7,514,291
100$12,710,198$804,873$0$8,165,995