Can I retire at age 69 with 989,000?

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 $989,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$81,671$80,943$80,233$79,541$78,864$77,526
2 years$40,431$39,678$38,948$38,241$37,554$36,210
3 years$26,686$25,930$25,202$24,501$23,826$22,518
4 years$19,815$19,061$18,341$17,652$16,993$15,731
5 years$15,694$14,944$14,233$13,558$12,918$11,705
6 years$12,947$12,203$11,502$10,843$10,221$9,060
7 years$10,986$10,248$9,559$8,914$8,313$7,203
8 years$9,515$8,785$8,106$7,478$6,896$5,837
9 years$8,373$7,649$6,982$6,370$5,808$4,799
10 years$7,459$6,742$6,087$5,491$4,948$3,990
11 years$6,712$6,002$5,359$4,779$4,256$3,346
12 years$6,089$5,387$4,756$4,191$3,688$2,825
13 years$5,563$4,868$4,249$3,700$3,216$2,400
14 years$5,113$4,425$3,818$3,285$2,819$2,048
15 years$4,723$4,042$3,447$2,929$2,482$1,754
16 years$4,382$3,709$3,125$2,623$2,194$1,507
17 years$4,081$3,416$2,844$2,357$1,945$1,299
18 years$3,814$3,156$2,596$2,124$1,730$1,122
19 years$3,576$2,925$2,377$1,919$1,542$971
20 years$3,361$2,718$2,181$1,738$1,377$842
21 years$3,168$2,532$2,006$1,577$1,232$731
22 years$2,992$2,363$1,849$1,434$1,104$635
23 years$2,831$2,210$1,707$1,306$991$553
24 years$2,685$2,071$1,579$1,191$891$481
25 years$2,550$1,944$1,462$1,088$802$420
26 years$2,426$1,827$1,356$995$722$366
27 years$2,311$1,719$1,259$911$651$319
28 years$2,204$1,620$1,171$834$588$279
29 years$2,105$1,528$1,090$765$531$244
30 years$2,013$1,443$1,015$702$479$213
31 years$1,927$1,364$946$645$433$186
32 years$1,847$1,291$883$593$392$163
33 years$1,771$1,223$824$545$355$143
34 years$1,700$1,159$770$501$321$125
35 years$1,634$1,099$720$462$291$109
36 years$1,571$1,043$674$425$264$96
37 years$1,511$991$630$392$239$84
38 years$1,455$942$590$361$217$73
39 years$1,402$895$553$333$196$64
40 years$1,352$852$518$307$178$56
41 years$1,304$811$486$283$162$49
42 years$1,259$772$456$261$147$43
43 years$1,216$736$428$241$133$38
44 years$1,175$701$402$223$121$33
45 years$1,136$669$377$206$110$29
46 years$1,099$638$354$190$100$25
47 years$1,063$609$333$176$90$22
48 years$1,029$581$313$162$82$19
49 years$997$555$294$150$75$17
50 years$966$530$276$139$68$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $989,000, adding $6,608 every year, while hoping to spend $41,653 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: 51/36/13 Blend
68$989,000$989,000$989,000$989,000
69$1,096,694$1,044,277$1,028,948$1,148,465
70$1,164,238$1,051,128$1,019,099$1,191,475
71$1,237,276$1,056,919$1,007,524$1,233,258
72$1,316,324$1,061,554$994,122$1,277,741
73$1,401,949$1,064,930$978,785$1,325,188
74$1,494,776$1,066,939$961,402$1,375,896
75$1,595,491$1,067,467$941,857$1,430,189
76$1,704,848$1,066,390$920,026$1,488,432
77$1,823,678$1,063,579$895,783$1,551,022
78$1,952,895$1,058,896$868,993$1,618,405
79$2,093,502$1,052,194$839,516$1,691,070
80$2,246,606$1,043,318$807,207$1,769,561
81$2,413,423$1,032,103$771,911$1,854,479
82$2,595,291$1,018,376$733,470$1,946,489
83$2,793,685$1,001,950$691,715$2,046,328
84$3,010,225$982,630$646,472$2,154,808
85$3,246,698$960,208$597,558$2,272,830
86$3,505,067$934,465$544,783$2,401,391
87$3,787,498$905,168$487,946$2,541,592
88$4,096,371$872,069$426,841$2,694,651
89$4,434,309$834,909$361,249$2,861,914
90$4,804,201$793,412$290,942$3,044,870
91$5,209,225$747,285$215,685$3,245,163
92$5,652,885$696,220$135,229$3,464,613
93$6,139,036$639,892$49,316$3,705,229
94$6,671,925$577,954$0$3,969,232
95$7,256,230$510,043$0$4,264,952
96$7,897,103$435,772$0$4,596,905
97$8,600,218$354,736$0$4,961,279
98$9,371,826$266,504$0$5,361,423
99$10,218,811$170,621$0$5,801,036
100$11,148,757$66,608$0$6,284,198