Can I retire at age 69 with 978,000?

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 $978,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$80,762$80,043$79,341$78,656$77,987$76,288
2 years$39,981$39,237$38,515$37,815$37,137$35,433
3 years$26,389$25,642$24,922$24,229$23,561$21,907
4 years$19,595$18,849$18,137$17,455$16,804$15,211
5 years$15,519$14,778$14,075$13,407$12,774$11,248
6 years$12,803$12,067$11,375$10,722$10,108$8,649
7 years$10,863$10,134$9,452$8,815$8,220$6,830
8 years$9,410$8,687$8,016$7,395$6,820$5,497
9 years$8,279$7,563$6,904$6,299$5,743$4,487
10 years$7,376$6,667$6,019$5,430$4,893$3,703
11 years$6,637$5,935$5,299$4,725$4,208$3,082
12 years$6,022$5,327$4,703$4,145$3,647$2,582
13 years$5,501$4,814$4,202$3,659$3,180$2,176
14 years$5,056$4,376$3,775$3,248$2,788$1,841
15 years$4,670$3,997$3,409$2,897$2,455$1,564
16 years$4,333$3,668$3,091$2,594$2,169$1,333
17 years$4,036$3,378$2,812$2,331$1,923$1,139
18 years$3,772$3,121$2,567$2,100$1,710$975
19 years$3,536$2,893$2,350$1,898$1,524$836
20 years$3,324$2,688$2,157$1,719$1,362$719
21 years$3,132$2,504$1,984$1,560$1,219$618
22 years$2,958$2,337$1,828$1,418$1,092$532
23 years$2,800$2,186$1,688$1,292$980$459
24 years$2,655$2,048$1,561$1,178$881$396
25 years$2,521$1,922$1,446$1,076$793$342
26 years$2,399$1,806$1,341$984$714$295
27 years$2,285$1,700$1,245$900$644$255
28 years$2,180$1,602$1,158$825$581$221
29 years$2,082$1,511$1,077$757$525$191
30 years$1,991$1,427$1,004$694$474$165
31 years$1,906$1,349$936$638$429$143
32 years$1,826$1,277$873$586$388$124
33 years$1,751$1,209$815$539$351$107
34 years$1,681$1,146$762$496$318$93
35 years$1,615$1,087$712$456$288$81
36 years$1,553$1,032$666$420$261$70
37 years$1,495$980$623$387$236$60
38 years$1,439$931$584$357$214$52
39 years$1,387$885$547$329$194$45
40 years$1,337$842$513$304$176$39
41 years$1,290$802$481$280$160$34
42 years$1,245$764$451$259$145$30
43 years$1,203$728$423$239$132$26
44 years$1,162$694$397$220$119$22
45 years$1,123$661$373$204$108$19
46 years$1,087$631$350$188$98$17
47 years$1,051$602$329$174$89$15
48 years$1,018$575$309$160$81$13
49 years$986$549$291$148$74$11
50 years$955$524$273$137$67$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $978,000, adding $3,696 every year, while hoping to spend $22,009 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: 67/27/6 Blend
68$978,000$978,000$978,000$978,000
69$1,081,568$1,029,734$1,014,575$1,152,812
70$1,168,471$1,056,774$1,025,146$1,227,566
71$1,263,500$1,084,401$1,035,334$1,306,247
72$1,367,461$1,112,621$1,045,101$1,391,668
73$1,481,241$1,141,438$1,054,411$1,484,481
74$1,605,818$1,170,858$1,063,224$1,585,408
75$1,742,265$1,200,885$1,071,496$1,695,240
76$1,891,770$1,231,521$1,079,185$1,814,851
77$2,055,635$1,262,771$1,086,242$1,945,202
78$2,235,298$1,294,635$1,092,619$2,087,351
79$2,432,341$1,327,114$1,098,265$2,242,464
80$2,648,507$1,360,211$1,103,124$2,411,825
81$2,885,717$1,393,923$1,107,141$2,596,848
82$3,146,084$1,428,249$1,110,254$2,799,089
83$3,431,939$1,463,187$1,112,402$3,020,265
84$3,745,847$1,498,734$1,113,517$3,262,265
85$4,090,634$1,534,883$1,113,531$3,527,170
86$4,469,416$1,571,629$1,112,371$3,817,274
87$4,885,621$1,608,964$1,109,961$4,135,101
88$5,343,030$1,646,878$1,106,220$4,483,435
89$5,845,805$1,685,362$1,101,065$4,865,342
90$6,398,534$1,724,401$1,094,407$5,284,199
91$7,006,269$1,763,981$1,086,154$5,743,728
92$7,674,579$1,804,086$1,076,210$6,248,028
93$8,409,596$1,844,697$1,064,474$6,801,617
94$9,218,080$1,885,793$1,050,839$7,409,473
95$10,107,477$1,927,349$1,035,195$8,077,080
96$11,085,991$1,969,340$1,017,425$8,810,481
97$12,162,660$2,011,736$997,407$9,616,334
98$13,347,446$2,054,506$975,015$10,501,976
99$14,651,322$2,097,613$950,114$11,475,492
100$16,086,380$2,141,020$922,567$12,545,790