Can I retire at age 69 with 974,000?

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 $974,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$80,432$79,716$79,017$78,334$77,668$77,050
2 years$39,818$39,076$38,358$37,661$36,985$36,361
3 years$26,282$25,537$24,820$24,130$23,465$22,855
4 years$19,515$18,772$18,063$17,384$16,735$16,145
5 years$15,456$14,718$14,017$13,353$12,722$12,152
6 years$12,751$12,018$11,328$10,678$10,066$9,518
7 years$10,819$10,093$9,414$8,779$8,187$7,661
8 years$9,371$8,651$7,984$7,365$6,792$6,287
9 years$8,246$7,533$6,876$6,273$5,720$5,237
10 years$7,346$6,640$5,995$5,407$4,873$4,412
11 years$6,610$5,911$5,278$4,706$4,191$3,751
12 years$5,997$5,305$4,684$4,128$3,632$3,212
13 years$5,479$4,794$4,185$3,644$3,167$2,767
14 years$5,035$4,358$3,760$3,235$2,776$2,396
15 years$4,651$3,981$3,395$2,885$2,445$2,084
16 years$4,315$3,653$3,078$2,583$2,160$1,818
17 years$4,019$3,364$2,801$2,321$1,916$1,591
18 years$3,756$3,108$2,557$2,092$1,703$1,396
19 years$3,521$2,881$2,341$1,890$1,518$1,228
20 years$3,310$2,677$2,148$1,712$1,356$1,082
21 years$3,120$2,494$1,976$1,554$1,214$955
22 years$2,946$2,328$1,821$1,413$1,088$844
23 years$2,788$2,177$1,681$1,286$976$747
24 years$2,644$2,040$1,555$1,173$878$662
25 years$2,511$1,914$1,440$1,072$790$587
26 years$2,389$1,799$1,336$980$711$521
27 years$2,276$1,693$1,240$897$641$463
28 years$2,171$1,595$1,153$822$579$411
29 years$2,073$1,505$1,073$753$523$366
30 years$1,983$1,421$999$691$472$326
31 years$1,898$1,344$932$635$427$290
32 years$1,819$1,271$869$584$386$258
33 years$1,744$1,204$812$537$349$230
34 years$1,674$1,141$758$494$316$205
35 years$1,609$1,082$709$455$287$183
36 years$1,547$1,027$663$419$260$163
37 years$1,489$976$621$386$235$145
38 years$1,433$927$581$356$213$130
39 years$1,381$882$545$328$193$116
40 years$1,332$839$511$302$175$103
41 years$1,285$799$479$279$159$92
42 years$1,240$761$449$257$144$82
43 years$1,198$725$421$238$131$73
44 years$1,157$691$396$219$119$66
45 years$1,119$659$371$203$108$59
46 years$1,082$628$349$187$98$52
47 years$1,047$600$328$173$89$47
48 years$1,014$572$308$160$81$42
49 years$982$547$289$148$73$37
50 years$951$522$272$137$67$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $974,000, adding $4,806 every year, while hoping to spend $28,479 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: 73/14/13 Blend
68$974,000$974,000$974,000$974,000
69$1,078,305$1,026,683$1,011,586$1,153,719
70$1,157,991$1,046,689$1,015,173$1,224,264
71$1,244,850$1,066,721$1,017,925$1,297,532
72$1,339,585$1,086,750$1,019,785$1,377,018
73$1,442,966$1,106,745$1,020,692$1,463,329
74$1,555,845$1,126,672$1,020,582$1,557,137
75$1,679,157$1,146,494$1,019,387$1,659,180
76$1,813,932$1,166,174$1,017,038$1,770,271
77$1,961,305$1,185,668$1,013,460$1,891,307
78$2,122,523$1,204,931$1,008,576$2,023,276
79$2,298,963$1,223,915$1,002,306$2,167,265
80$2,492,138$1,242,567$994,564$2,324,473
81$2,703,715$1,260,832$985,261$2,496,222
82$2,935,530$1,278,649$974,303$2,683,968
83$3,189,605$1,295,954$961,594$2,889,314
84$3,468,168$1,312,679$947,030$3,114,028
85$3,773,671$1,328,750$930,505$3,360,059
86$4,108,815$1,344,088$911,907$3,629,553
87$4,476,576$1,358,610$891,117$3,924,876
88$4,880,231$1,372,227$868,015$4,248,635
89$5,323,391$1,384,843$842,470$4,603,703
90$5,810,033$1,396,356$814,348$4,993,247
91$6,344,538$1,406,659$783,510$5,420,757
92$6,931,731$1,415,635$749,808$5,890,077
93$7,576,930$1,423,163$713,089$6,405,448
94$8,285,991$1,429,113$673,191$6,971,539
95$9,065,366$1,433,344$629,948$7,593,499
96$9,922,166$1,435,710$583,184$8,277,002
97$10,864,221$1,436,054$532,715$9,028,301
98$11,900,161$1,434,210$478,350$9,854,287
99$13,039,492$1,430,001$419,889$10,762,556
100$14,292,689$1,423,240$357,124$11,761,477