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%11.6%
1 years$81,671$80,943$80,233$79,541$78,864$78,334
2 years$40,431$39,678$38,948$38,241$37,554$37,020
3 years$26,686$25,930$25,202$24,501$23,826$23,304
4 years$19,815$19,061$18,341$17,652$16,993$16,487
5 years$15,694$14,944$14,233$13,558$12,918$12,429
6 years$12,947$12,203$11,502$10,843$10,221$9,751
7 years$10,986$10,248$9,559$8,914$8,313$7,861
8 years$9,515$8,785$8,106$7,478$6,896$6,462
9 years$8,373$7,649$6,982$6,370$5,808$5,392
10 years$7,459$6,742$6,087$5,491$4,948$4,551
11 years$6,712$6,002$5,359$4,779$4,256$3,876
12 years$6,089$5,387$4,756$4,191$3,688$3,326
13 years$5,563$4,868$4,249$3,700$3,216$2,871
14 years$5,113$4,425$3,818$3,285$2,819$2,491
15 years$4,723$4,042$3,447$2,929$2,482$2,170
16 years$4,382$3,709$3,125$2,623$2,194$1,897
17 years$4,081$3,416$2,844$2,357$1,945$1,664
18 years$3,814$3,156$2,596$2,124$1,730$1,463
19 years$3,576$2,925$2,377$1,919$1,542$1,290
20 years$3,361$2,718$2,181$1,738$1,377$1,139
21 years$3,168$2,532$2,006$1,577$1,232$1,007
22 years$2,992$2,363$1,849$1,434$1,104$892
23 years$2,831$2,210$1,707$1,306$991$791
24 years$2,685$2,071$1,579$1,191$891$703
25 years$2,550$1,944$1,462$1,088$802$625
26 years$2,426$1,827$1,356$995$722$556
27 years$2,311$1,719$1,259$911$651$495
28 years$2,204$1,620$1,171$834$588$441
29 years$2,105$1,528$1,090$765$531$393
30 years$2,013$1,443$1,015$702$479$351
31 years$1,927$1,364$946$645$433$313
32 years$1,847$1,291$883$593$392$279
33 years$1,771$1,223$824$545$355$250
34 years$1,700$1,159$770$501$321$223
35 years$1,634$1,099$720$462$291$199
36 years$1,571$1,043$674$425$264$178
37 years$1,511$991$630$392$239$159
38 years$1,455$942$590$361$217$143
39 years$1,402$895$553$333$196$128
40 years$1,352$852$518$307$178$114
41 years$1,304$811$486$283$162$102
42 years$1,259$772$456$261$147$91
43 years$1,216$736$428$241$133$82
44 years$1,175$701$402$223$121$73
45 years$1,136$669$377$206$110$66
46 years$1,099$638$354$190$100$59
47 years$1,063$609$333$176$90$53
48 years$1,029$581$313$162$82$47
49 years$997$555$294$150$75$42
50 years$966$530$276$139$68$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $989,000, adding $3,187 every year, while hoping to spend $34,540 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: 56/39/5 Blend
68$989,000$989,000$989,000$989,000
69$1,093,165$1,040,748$1,025,419$1,153,127
70$1,167,918$1,054,995$1,023,020$1,208,082
71$1,249,138$1,068,782$1,019,383$1,263,747
72$1,337,448$1,082,050$1,014,431$1,323,510
73$1,433,534$1,094,737$1,008,080$1,387,765
74$1,538,150$1,106,774$1,000,247$1,456,944
75$1,652,126$1,118,092$990,840$1,531,528
76$1,776,377$1,128,611$979,767$1,612,042
77$1,911,906$1,138,252$966,928$1,699,069
78$2,059,821$1,146,927$952,221$1,793,252
79$2,221,340$1,154,544$935,537$1,895,297
80$2,397,803$1,161,003$916,764$2,005,988
81$2,590,687$1,166,201$895,784$2,126,186
82$2,801,617$1,170,024$872,473$2,256,842
83$3,032,382$1,172,356$846,701$2,399,004
84$3,284,953$1,173,069$818,333$2,553,832
85$3,561,499$1,172,030$787,228$2,722,600
86$3,864,409$1,169,097$753,237$2,906,719
87$4,196,315$1,164,118$716,207$3,107,743
88$4,560,114$1,156,935$675,974$3,327,385
89$4,958,997$1,147,376$632,371$3,567,538
90$5,396,479$1,135,262$585,220$3,830,287
91$5,876,432$1,120,402$534,337$4,117,934
92$6,403,120$1,102,593$479,529$4,433,019
93$6,981,239$1,081,622$420,594$4,778,342
94$7,615,965$1,057,260$357,323$5,156,991
95$8,312,995$1,029,268$289,496$5,572,376
96$9,078,609$997,391$216,882$6,028,253
97$9,919,723$961,358$139,243$6,528,770
98$10,843,956$920,886$56,329$7,078,499
99$11,859,701$875,672$0$7,682,483
100$12,976,208$825,397$0$8,347,999