Can I retire at age 69 with 969,000?

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 $969,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$80,019$79,306$78,611$77,932$77,269$74,351
2 years$39,613$38,876$38,161$37,467$36,795$33,888
3 years$26,147$25,406$24,692$24,006$23,344$20,541
4 years$19,415$18,676$17,970$17,295$16,649$13,971
5 years$15,376$14,642$13,945$13,284$12,657$10,110
6 years$12,685$11,956$11,270$10,623$10,015$7,602
7 years$10,764$10,041$9,365$8,734$8,145$5,864
8 years$9,323$8,607$7,943$7,327$6,757$4,607
9 years$8,203$7,494$6,841$6,241$5,690$3,668
10 years$7,308$6,606$5,964$5,380$4,848$2,950
11 years$6,576$5,880$5,251$4,682$4,170$2,391
12 years$5,966$5,278$4,660$4,107$3,613$1,950
13 years$5,451$4,770$4,163$3,626$3,151$1,598
14 years$5,009$4,336$3,741$3,218$2,762$1,315
15 years$4,627$3,961$3,377$2,870$2,432$1,085
16 years$4,293$3,634$3,062$2,570$2,149$898
17 years$3,999$3,347$2,786$2,309$1,906$745
18 years$3,737$3,092$2,544$2,081$1,695$618
19 years$3,503$2,866$2,329$1,880$1,510$514
20 years$3,293$2,663$2,137$1,703$1,349$428
21 years$3,104$2,481$1,966$1,546$1,207$357
22 years$2,931$2,316$1,812$1,405$1,082$298
23 years$2,774$2,166$1,673$1,280$971$249
24 years$2,630$2,029$1,547$1,167$873$208
25 years$2,498$1,904$1,433$1,066$786$173
26 years$2,377$1,790$1,329$975$708$145
27 years$2,264$1,684$1,234$892$638$121
28 years$2,160$1,587$1,147$817$576$101
29 years$2,063$1,497$1,068$750$520$85
30 years$1,972$1,414$994$688$470$71
31 years$1,888$1,337$927$632$425$59
32 years$1,809$1,265$865$581$384$50
33 years$1,735$1,198$808$534$348$42
34 years$1,666$1,135$755$491$315$35
35 years$1,601$1,077$705$452$285$29
36 years$1,539$1,022$660$417$258$24
37 years$1,481$971$618$384$234$20
38 years$1,426$922$578$354$212$17
39 years$1,374$877$542$326$192$14
40 years$1,325$835$508$301$175$12
41 years$1,278$794$476$278$158$10
42 years$1,234$757$447$256$144$8
43 years$1,191$721$419$236$130$7
44 years$1,151$687$394$218$118$6
45 years$1,113$655$370$202$107$5
46 years$1,077$625$347$186$98$4
47 years$1,042$597$326$172$89$3
48 years$1,008$569$306$159$80$3
49 years$977$544$288$147$73$2
50 years$946$519$271$136$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $969,000, adding $6,507 every year, while hoping to spend $49,249 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: 52/28/20 Blend
68$969,000$969,000$969,000$969,000
69$1,074,550$1,023,193$1,008,173$1,124,189
70$1,131,754$1,020,929$989,547$1,156,796
71$1,193,141$1,016,903$968,645$1,186,592
72$1,259,088$1,010,978$945,341$1,217,950
73$1,330,005$1,003,006$919,500$1,251,034
74$1,406,344$992,831$890,982$1,286,029
75$1,488,600$980,290$859,639$1,323,141
76$1,577,320$965,206$825,320$1,362,598
77$1,673,101$947,395$787,862$1,404,656
78$1,776,600$926,661$747,099$1,449,600
79$1,888,541$902,795$702,854$1,497,747
80$2,009,718$875,578$654,945$1,549,450
81$2,141,004$844,776$603,181$1,605,101
82$2,283,360$810,143$547,361$1,665,136
83$2,437,841$771,419$487,276$1,730,042
84$2,605,609$728,326$422,708$1,800,358
85$2,787,941$680,574$353,428$1,876,683
86$2,986,243$627,854$279,200$1,959,683
87$3,202,060$569,839$199,773$2,050,097
88$3,437,094$506,186$114,890$2,148,744
89$3,693,217$436,528$24,278$2,256,535
90$3,972,489$360,481$0$2,374,479
91$4,277,177$277,640$0$2,519,150
92$4,609,778$187,573$0$2,682,868
93$4,973,038$89,827$0$2,861,885
94$5,369,982$0$0$3,057,795
95$5,803,940$0$0$3,277,310
96$6,278,578$0$0$3,547,766
97$6,797,932$0$0$3,843,798
98$7,366,446$0$0$4,167,952
99$7,989,015$0$0$4,523,029
100$8,671,029$0$0$4,912,118