Can I retire at age 69 with 969,000?

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 $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%15.5%
1 years$80,019$79,306$78,611$77,932$77,269$75,524
2 years$39,613$38,876$38,161$37,467$36,795$35,046
3 years$26,147$25,406$24,692$24,006$23,344$21,646
4 years$19,415$18,676$17,970$17,295$16,649$15,015
5 years$15,376$14,642$13,945$13,284$12,657$11,091
6 years$12,685$11,956$11,270$10,623$10,015$8,519
7 years$10,764$10,041$9,365$8,734$8,145$6,720
8 years$9,323$8,607$7,943$7,327$6,757$5,402
9 years$8,203$7,494$6,841$6,241$5,690$4,404
10 years$7,308$6,606$5,964$5,380$4,848$3,630
11 years$6,576$5,880$5,251$4,682$4,170$3,017
12 years$5,966$5,278$4,660$4,107$3,613$2,525
13 years$5,451$4,770$4,163$3,626$3,151$2,125
14 years$5,009$4,336$3,741$3,218$2,762$1,796
15 years$4,627$3,961$3,377$2,870$2,432$1,523
16 years$4,293$3,634$3,062$2,570$2,149$1,296
17 years$3,999$3,347$2,786$2,309$1,906$1,106
18 years$3,737$3,092$2,544$2,081$1,695$946
19 years$3,503$2,866$2,329$1,880$1,510$810
20 years$3,293$2,663$2,137$1,703$1,349$695
21 years$3,104$2,481$1,966$1,546$1,207$597
22 years$2,931$2,316$1,812$1,405$1,082$513
23 years$2,774$2,166$1,673$1,280$971$442
24 years$2,630$2,029$1,547$1,167$873$380
25 years$2,498$1,904$1,433$1,066$786$328
26 years$2,377$1,790$1,329$975$708$283
27 years$2,264$1,684$1,234$892$638$244
28 years$2,160$1,587$1,147$817$576$211
29 years$2,063$1,497$1,068$750$520$182
30 years$1,972$1,414$994$688$470$157
31 years$1,888$1,337$927$632$425$136
32 years$1,809$1,265$865$581$384$118
33 years$1,735$1,198$808$534$348$102
34 years$1,666$1,135$755$491$315$88
35 years$1,601$1,077$705$452$285$76
36 years$1,539$1,022$660$417$258$66
37 years$1,481$971$618$384$234$57
38 years$1,426$922$578$354$212$49
39 years$1,374$877$542$326$192$43
40 years$1,325$835$508$301$175$37
41 years$1,278$794$476$278$158$32
42 years$1,234$757$447$256$144$28
43 years$1,191$721$419$236$130$24
44 years$1,151$687$394$218$118$21
45 years$1,113$655$370$202$107$18
46 years$1,077$625$347$186$98$15
47 years$1,042$597$326$172$89$13
48 years$1,008$569$306$159$80$12
49 years$977$544$288$147$73$10
50 years$946$519$271$136$66$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $969,000, adding $3,789 every year, while hoping to spend $55,478 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: 30/41/29 Blend
68$969,000$969,000$969,000$969,000
69$1,071,746$1,020,389$1,005,370$1,094,267
70$1,122,036$1,011,360$980,022$1,103,214
71$1,175,596$1,000,029$951,965$1,107,751
72$1,232,702$986,225$921,050$1,111,543
73$1,293,654$969,766$887,121$1,114,566
74$1,358,782$950,460$850,015$1,116,796
75$1,428,448$928,103$809,561$1,118,214
76$1,503,049$902,480$765,581$1,118,806
77$1,583,019$873,361$717,887$1,118,562
78$1,668,836$840,505$666,286$1,117,475
79$1,761,024$803,656$610,573$1,115,550
80$1,860,157$762,543$550,535$1,112,796
81$1,966,865$716,880$485,951$1,109,231
82$2,081,843$666,365$416,587$1,104,885
83$2,205,850$610,676$342,203$1,099,799
84$2,339,724$549,476$262,543$1,094,029
85$2,484,382$482,407$177,345$1,087,646
86$2,640,835$409,091$86,332$1,080,737
87$2,810,192$329,128$0$1,073,413
88$2,993,673$242,097$0$1,069,145
89$3,192,619$147,551$0$1,093,476
90$3,408,507$45,021$0$1,119,949
91$3,642,957$0$0$1,148,886
92$3,897,755$0$0$1,210,423
93$4,174,863$0$0$1,299,572
94$4,476,443$0$0$1,396,734
95$4,804,869$0$0$1,502,692
96$5,162,757$0$0$1,618,307
97$5,552,985$0$0$1,744,529
98$5,978,721$0$0$1,882,401
99$6,443,450$0$0$2,033,075
100$6,951,012$0$0$2,197,815