Can I retire at age 69 with 971,000?

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 $971,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$80,184$79,470$78,773$78,093$77,429$75,619
2 years$39,695$38,956$38,239$37,545$36,871$35,057
3 years$26,201$25,458$24,743$24,055$23,392$21,632
4 years$19,455$18,714$18,007$17,330$16,684$14,990
5 years$15,408$14,672$13,974$13,311$12,683$11,061
6 years$12,711$11,981$11,293$10,645$10,035$8,487
7 years$10,786$10,062$9,385$8,752$8,161$6,687
8 years$9,342$8,625$7,959$7,342$6,771$5,369
9 years$8,220$7,509$6,855$6,254$5,702$4,372
10 years$7,323$6,619$5,976$5,391$4,858$3,599
11 years$6,589$5,893$5,261$4,692$4,178$2,988
12 years$5,979$5,289$4,669$4,115$3,621$2,497
13 years$5,462$4,780$4,172$3,633$3,157$2,098
14 years$5,020$4,345$3,748$3,225$2,768$1,771
15 years$4,637$3,969$3,384$2,876$2,437$1,500
16 years$4,302$3,641$3,068$2,575$2,154$1,275
17 years$4,007$3,354$2,792$2,314$1,910$1,086
18 years$3,745$3,099$2,549$2,085$1,698$927
19 years$3,511$2,872$2,333$1,884$1,513$793
20 years$3,300$2,669$2,141$1,707$1,352$679
21 years$3,110$2,486$1,970$1,549$1,210$583
22 years$2,937$2,320$1,815$1,408$1,084$500
23 years$2,780$2,170$1,676$1,282$973$430
24 years$2,636$2,033$1,550$1,170$875$370
25 years$2,503$1,908$1,436$1,068$787$318
26 years$2,381$1,793$1,332$977$709$274
27 years$2,269$1,688$1,237$894$639$236
28 years$2,164$1,590$1,150$819$577$204
29 years$2,067$1,500$1,070$751$521$175
30 years$1,977$1,417$996$689$471$151
31 years$1,892$1,339$929$633$426$131
32 years$1,813$1,267$867$582$385$113
33 years$1,739$1,200$809$535$348$97
34 years$1,669$1,138$756$492$315$84
35 years$1,604$1,079$707$453$286$73
36 years$1,542$1,024$661$417$259$63
37 years$1,484$973$619$385$235$54
38 years$1,429$924$580$354$213$47
39 years$1,377$879$543$327$193$40
40 years$1,328$836$509$301$175$35
41 years$1,281$796$477$278$159$30
42 years$1,236$758$448$257$144$26
43 years$1,194$722$420$237$131$22
44 years$1,154$689$394$219$119$19
45 years$1,115$657$370$202$108$17
46 years$1,079$626$348$187$98$15
47 years$1,044$598$327$172$89$13
48 years$1,010$571$307$159$81$11
49 years$979$545$289$147$73$9
50 years$948$521$271$136$67$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $971,000, adding $5,966 every year, while hoping to spend $38,910 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: 74/5/21 Blend
68$971,000$971,000$971,000$971,000
69$1,076,196$1,024,733$1,009,682$1,149,977
70$1,144,568$1,033,545$1,002,107$1,208,592
71$1,218,610$1,041,485$992,973$1,267,516
72$1,298,859$1,048,468$982,189$1,331,098
73$1,385,906$1,054,406$969,655$1,399,792
74$1,480,400$1,059,204$955,271$1,474,101
75$1,583,057$1,062,761$938,928$1,554,581
76$1,694,661$1,064,969$920,515$1,641,841
77$1,816,078$1,065,714$899,914$1,736,556
78$1,948,260$1,064,876$877,003$1,839,468
79$2,092,253$1,062,325$851,653$1,951,398
80$2,249,209$1,057,926$823,730$2,073,248
81$2,420,397$1,051,532$793,093$2,206,014
82$2,607,211$1,042,991$759,595$2,350,795
83$2,811,188$1,032,139$723,083$2,508,802
84$3,034,019$1,018,804$683,396$2,681,369
85$3,277,566$1,002,802$640,367$2,869,970
86$3,543,878$983,939$593,819$3,076,226
87$3,835,212$962,011$543,571$3,301,929
88$4,154,052$936,798$489,429$3,549,052
89$4,503,135$908,071$431,195$3,819,770
90$4,885,474$875,585$368,658$4,116,483
91$5,304,386$839,083$301,602$4,441,835
92$5,763,526$798,291$229,799$4,798,744
93$6,266,918$752,919$153,010$5,190,424
94$6,818,995$702,664$70,987$5,620,420
95$7,424,638$647,200$0$6,092,640
96$8,089,226$586,187$0$6,615,101
97$8,818,680$519,264$0$7,206,061
98$9,619,527$446,049$0$7,854,897
99$10,498,951$366,138$0$8,567,448
100$11,464,871$279,106$0$9,350,149