Can I retire at age 69 with 986,000?

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 $986,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$81,423$80,698$79,990$79,299$78,625$77,038
2 years$40,308$39,558$38,830$38,125$37,440$35,848
3 years$26,605$25,851$25,126$24,427$23,754$22,206
4 years$19,755$19,004$18,285$17,598$16,941$15,450
5 years$15,646$14,899$14,190$13,517$12,879$11,449
6 years$12,908$12,166$11,468$10,810$10,190$8,823
7 years$10,952$10,217$9,530$8,887$8,288$6,983
8 years$9,487$8,758$8,082$7,455$6,875$5,633
9 years$8,347$7,625$6,961$6,350$5,790$4,609
10 years$7,436$6,721$6,069$5,474$4,933$3,813
11 years$6,691$5,984$5,343$4,764$4,243$3,181
12 years$6,071$5,371$4,742$4,179$3,677$2,673
13 years$5,546$4,853$4,236$3,689$3,206$2,258
14 years$5,097$4,412$3,806$3,275$2,811$1,916
15 years$4,708$4,030$3,437$2,921$2,475$1,632
16 years$4,368$3,698$3,116$2,615$2,187$1,395
17 years$4,069$3,405$2,835$2,350$1,939$1,195
18 years$3,803$3,147$2,588$2,117$1,724$1,026
19 years$3,565$2,916$2,369$1,913$1,537$883
20 years$3,351$2,710$2,174$1,733$1,373$761
21 years$3,158$2,524$2,000$1,573$1,228$657
22 years$2,983$2,356$1,843$1,430$1,101$567
23 years$2,823$2,204$1,702$1,302$988$491
24 years$2,676$2,065$1,574$1,188$888$425
25 years$2,542$1,938$1,458$1,085$799$368
26 years$2,418$1,821$1,352$992$720$319
27 years$2,304$1,714$1,256$908$649$276
28 years$2,198$1,615$1,167$832$586$240
29 years$2,099$1,524$1,086$763$529$208
30 years$2,007$1,439$1,012$700$478$181
31 years$1,921$1,360$943$643$432$157
32 years$1,841$1,287$880$591$391$136
33 years$1,766$1,219$822$543$354$119
34 years$1,695$1,155$768$500$320$103
35 years$1,629$1,096$718$460$290$90
36 years$1,566$1,040$672$424$263$78
37 years$1,507$988$629$391$238$68
38 years$1,451$939$589$360$216$59
39 years$1,398$893$551$332$196$51
40 years$1,348$849$517$306$178$45
41 years$1,300$808$485$282$161$39
42 years$1,255$770$455$261$146$34
43 years$1,212$734$427$241$133$29
44 years$1,172$699$400$222$120$26
45 years$1,133$667$376$205$109$22
46 years$1,095$636$353$190$99$19
47 years$1,060$607$332$175$90$17
48 years$1,026$579$312$162$82$15
49 years$994$553$293$150$74$13
50 years$963$529$276$138$68$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $986,000, adding $2,742 every year, while hoping to spend $30,311 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: 81/11/8 Blend
68$986,000$986,000$986,000$986,000
69$1,089,400$1,037,142$1,021,859$1,176,327
70$1,168,269$1,055,712$1,023,841$1,252,214
71$1,254,165$1,074,175$1,024,873$1,331,196
72$1,347,776$1,092,495$1,024,892$1,416,965
73$1,449,854$1,110,632$1,023,830$1,510,184
74$1,561,228$1,128,543$1,021,618$1,611,585
75$1,682,813$1,146,181$1,018,182$1,721,969
76$1,815,613$1,163,497$1,013,445$1,842,223
77$1,960,736$1,180,438$1,007,325$1,973,322
78$2,119,398$1,196,947$999,737$2,116,340
79$2,292,942$1,212,963$990,594$2,272,459
80$2,482,845$1,228,420$979,801$2,442,982
81$2,690,732$1,243,250$967,262$2,629,347
82$2,918,395$1,257,378$952,873$2,833,133
83$3,167,805$1,270,723$936,529$3,056,085
84$3,441,135$1,283,203$918,117$3,300,120
85$3,740,777$1,294,725$897,519$3,567,355
86$4,069,364$1,305,195$874,614$3,860,119
87$4,429,799$1,314,509$849,273$4,180,981
88$4,825,276$1,322,558$821,362$4,532,770
89$5,259,317$1,329,226$790,740$4,918,602
90$5,735,799$1,334,389$757,262$5,341,913
91$6,258,993$1,337,917$720,772$5,806,488
92$6,833,604$1,339,669$681,112$6,316,497
93$7,464,816$1,339,497$638,113$6,876,537
94$8,158,338$1,337,243$591,601$7,491,671
95$8,920,461$1,332,740$541,392$8,167,480
96$9,758,114$1,325,811$487,295$8,910,114
97$10,678,933$1,316,267$429,111$9,726,350
98$11,691,329$1,303,908$366,630$10,623,655
99$12,804,567$1,288,523$299,635$11,610,259
100$14,028,859$1,269,886$227,899$12,695,231