Can I retire at age 69 with 981,000?

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 $981,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$81,010$80,288$79,584$78,897$78,226$77,506
2 years$40,104$39,357$38,633$37,931$37,251$36,525
3 years$26,470$25,720$24,998$24,303$23,633$22,925
4 years$19,655$18,907$18,192$17,509$16,855$16,170
5 years$15,567$14,823$14,118$13,449$12,813$12,152
6 years$12,842$12,104$11,409$10,755$10,139$9,503
7 years$10,897$10,165$9,481$8,842$8,245$7,635
8 years$9,438$8,714$8,041$7,418$6,840$6,256
9 years$8,305$7,587$6,926$6,318$5,761$5,201
10 years$7,398$6,687$6,038$5,446$4,908$4,374
11 years$6,657$5,953$5,316$4,740$4,221$3,712
12 years$6,040$5,343$4,718$4,157$3,658$3,173
13 years$5,518$4,829$4,215$3,670$3,190$2,728
14 years$5,071$4,389$3,787$3,258$2,796$2,358
15 years$4,684$4,010$3,419$2,906$2,462$2,046
16 years$4,346$3,679$3,100$2,602$2,176$1,781
17 years$4,048$3,388$2,821$2,338$1,929$1,556
18 years$3,783$3,131$2,575$2,107$1,716$1,362
19 years$3,547$2,902$2,357$1,904$1,529$1,195
20 years$3,334$2,696$2,163$1,724$1,366$1,051
21 years$3,142$2,511$1,990$1,565$1,222$926
22 years$2,968$2,344$1,834$1,423$1,096$816
23 years$2,808$2,193$1,693$1,296$983$721
24 years$2,663$2,054$1,566$1,182$884$637
25 years$2,529$1,928$1,451$1,079$795$564
26 years$2,406$1,812$1,345$987$716$499
27 years$2,292$1,705$1,249$903$646$442
28 years$2,186$1,607$1,161$828$583$392
29 years$2,088$1,516$1,081$759$526$348
30 years$1,997$1,432$1,007$696$476$309
31 years$1,912$1,353$938$640$430$274
32 years$1,832$1,280$876$588$389$244
33 years$1,757$1,213$818$541$352$217
34 years$1,687$1,149$764$497$319$193
35 years$1,620$1,090$714$458$289$171
36 years$1,558$1,035$668$422$262$152
37 years$1,499$983$625$389$237$136
38 years$1,444$934$586$358$215$121
39 years$1,391$888$549$330$195$107
40 years$1,341$845$514$305$177$96
41 years$1,294$804$482$281$160$85
42 years$1,249$766$452$259$146$76
43 years$1,206$730$424$239$132$67
44 years$1,166$696$398$221$120$60
45 years$1,127$663$374$204$109$54
46 years$1,090$633$351$189$99$48
47 years$1,055$604$330$174$90$42
48 years$1,021$577$310$161$81$38
49 years$989$551$292$149$74$34
50 years$958$526$274$138$67$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $981,000, adding $6,766 every year, while hoping to spend $47,546 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: 56/35/9 Blend
68$981,000$981,000$981,000$981,000
69$1,088,041$1,036,048$1,020,843$1,146,251
70$1,148,433$1,036,226$1,004,452$1,186,510
71$1,213,391$1,034,819$985,919$1,224,480
72$1,283,331$1,031,699$965,122$1,264,688
73$1,358,709$1,026,731$941,932$1,307,356
74$1,440,027$1,019,771$916,216$1,352,726
75$1,527,836$1,010,665$887,835$1,401,071
76$1,622,740$999,252$856,643$1,452,691
77$1,725,405$985,361$822,486$1,507,918
78$1,836,561$968,809$785,204$1,567,124
79$1,957,014$949,404$744,632$1,630,717
80$2,087,646$926,942$700,594$1,699,152
81$2,229,429$901,205$652,907$1,772,932
82$2,383,433$871,967$601,382$1,852,617
83$2,550,834$838,983$545,818$1,938,824
84$2,732,924$801,999$486,008$2,032,237
85$2,931,127$760,742$421,735$2,133,617
86$3,147,010$714,926$352,771$2,243,803
87$3,382,296$664,248$278,879$2,363,725
88$3,638,880$608,386$199,812$2,494,413
89$3,918,852$547,003$115,311$2,637,008
90$4,224,508$479,739$25,107$2,792,770
91$4,558,377$406,216$0$2,963,096
92$4,923,245$326,034$0$3,156,362
93$5,322,177$238,771$0$3,370,463
94$5,758,548$143,979$0$3,604,902
95$6,236,074$41,189$0$3,861,801
96$6,758,848$0$0$4,143,501
97$7,331,375$0$0$4,479,589
98$7,958,619$0$0$4,865,264
99$8,646,044$0$0$5,288,034
100$9,399,669$0$0$5,751,611