Can I retire at age 69 with 990,000?

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 $990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$81,753$81,025$80,315$79,621$78,944$77,255
2 years$40,472$39,718$38,988$38,279$37,592$35,899
3 years$26,713$25,956$25,228$24,526$23,850$22,206
4 years$19,835$19,081$18,359$17,670$17,010$15,427
5 years$15,710$14,959$14,248$13,572$12,931$11,413
6 years$12,960$12,215$11,514$10,854$10,232$8,781
7 years$10,997$10,259$9,568$8,923$8,321$6,938
8 years$9,525$8,793$8,115$7,486$6,903$5,587
9 years$8,381$7,656$6,989$6,376$5,813$4,563
10 years$7,466$6,749$6,093$5,496$4,953$3,768
11 years$6,718$6,008$5,364$4,783$4,260$3,138
12 years$6,095$5,392$4,761$4,196$3,692$2,631
13 years$5,569$4,873$4,253$3,704$3,219$2,218
14 years$5,118$4,430$3,822$3,288$2,822$1,879
15 years$4,727$4,046$3,451$2,932$2,485$1,597
16 years$4,386$3,713$3,128$2,626$2,196$1,362
17 years$4,085$3,419$2,847$2,359$1,947$1,165
18 years$3,818$3,159$2,599$2,126$1,731$998
19 years$3,579$2,928$2,379$1,921$1,543$857
20 years$3,365$2,721$2,183$1,740$1,378$736
21 years$3,171$2,534$2,008$1,579$1,233$634
22 years$2,995$2,366$1,851$1,436$1,106$546
23 years$2,834$2,213$1,709$1,308$992$471
24 years$2,687$2,073$1,581$1,193$892$407
25 years$2,552$1,946$1,464$1,089$803$352
26 years$2,428$1,829$1,358$996$723$304
27 years$2,313$1,721$1,261$912$652$263
28 years$2,206$1,622$1,172$835$588$228
29 years$2,107$1,530$1,091$766$531$197
30 years$2,015$1,445$1,016$703$480$171
31 years$1,929$1,366$947$646$434$148
32 years$1,848$1,292$884$593$392$128
33 years$1,773$1,224$825$546$355$111
34 years$1,702$1,160$771$502$322$96
35 years$1,635$1,100$721$462$291$84
36 years$1,572$1,044$674$426$264$72
37 years$1,513$992$631$392$239$63
38 years$1,457$942$591$361$217$55
39 years$1,404$896$554$333$197$47
40 years$1,353$853$519$307$178$41
41 years$1,306$812$487$284$162$36
42 years$1,260$773$456$262$147$31
43 years$1,217$737$428$242$133$27
44 years$1,176$702$402$223$121$23
45 years$1,137$669$378$206$110$20
46 years$1,100$639$355$190$100$18
47 years$1,064$609$333$176$91$15
48 years$1,030$582$313$162$82$13
49 years$998$556$294$150$75$11
50 years$967$531$277$139$68$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $990,000, adding $4,813 every year, while hoping to spend $27,136 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: 57/35/8 Blend
68$990,000$990,000$990,000$990,000
69$1,095,945$1,043,475$1,028,130$1,156,137
70$1,178,858$1,065,732$1,033,699$1,219,489
71$1,269,320$1,088,171$1,038,546$1,285,022
72$1,368,071$1,110,772$1,042,618$1,355,759
73$1,475,926$1,133,512$1,045,858$1,432,199
74$1,593,784$1,156,368$1,048,208$1,514,895
75$1,722,635$1,179,314$1,049,607$1,604,451
76$1,863,566$1,202,323$1,049,991$1,701,538
77$2,017,777$1,225,364$1,049,293$1,806,891
78$2,186,587$1,248,403$1,047,441$1,921,322
79$2,371,450$1,271,406$1,044,362$2,045,723
80$2,573,967$1,294,334$1,039,977$2,181,081
81$2,795,900$1,317,146$1,034,205$2,328,481
82$3,039,192$1,339,795$1,026,960$2,489,119
83$3,305,979$1,362,235$1,018,154$2,664,312
84$3,598,618$1,384,414$1,007,691$2,855,514
85$3,919,702$1,406,275$995,473$3,064,326
86$4,272,088$1,427,759$981,398$3,292,511
87$4,658,924$1,448,802$965,358$3,542,014
88$5,083,676$1,469,335$947,239$3,814,979
89$5,550,164$1,489,285$926,924$4,113,767
90$6,062,593$1,508,573$904,289$4,440,983
91$6,625,600$1,527,115$879,205$4,799,495
92$7,244,289$1,544,821$851,536$5,192,467
93$7,924,284$1,561,595$821,140$5,623,386
94$8,671,783$1,577,336$787,870$6,096,093
95$9,493,613$1,591,933$751,572$6,614,824
96$10,397,294$1,605,270$712,082$7,184,248
97$11,391,114$1,617,224$669,233$7,809,511
98$12,484,202$1,627,663$622,846$8,496,285
99$13,686,617$1,636,445$572,739$9,250,821
100$15,009,444$1,643,423$518,717$10,080,010