Can I retire at age 69 with 992,000?

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 $992,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$81,918$81,189$80,477$79,782$79,103$76,297
2 years$40,554$39,798$39,066$38,357$37,668$34,871
3 years$26,767$26,009$25,279$24,576$23,898$21,197
4 years$19,875$19,119$18,396$17,705$17,044$14,461
5 years$15,741$14,990$14,276$13,599$12,957$10,498
6 years$12,986$12,240$11,537$10,876$10,252$7,919
7 years$11,019$10,279$9,588$8,941$8,338$6,130
8 years$9,544$8,811$8,131$7,501$6,917$4,833
9 years$8,398$7,672$7,003$6,389$5,825$3,863
10 years$7,481$6,762$6,106$5,507$4,963$3,118
11 years$6,732$6,020$5,375$4,793$4,269$2,538
12 years$6,108$5,403$4,770$4,204$3,699$2,078
13 years$5,580$4,883$4,262$3,712$3,226$1,710
14 years$5,128$4,439$3,829$3,295$2,828$1,413
15 years$4,737$4,055$3,458$2,938$2,490$1,171
16 years$4,395$3,720$3,135$2,631$2,200$973
17 years$4,093$3,426$2,852$2,364$1,951$810
18 years$3,826$3,166$2,604$2,130$1,735$676
19 years$3,587$2,934$2,384$1,925$1,546$565
20 years$3,371$2,726$2,188$1,743$1,381$473
21 years$3,177$2,540$2,012$1,582$1,236$396
22 years$3,001$2,371$1,855$1,439$1,108$332
23 years$2,840$2,217$1,712$1,310$994$278
24 years$2,693$2,077$1,584$1,195$894$233
25 years$2,558$1,950$1,467$1,091$804$196
26 years$2,433$1,832$1,360$998$725$165
27 years$2,318$1,724$1,263$913$653$138
28 years$2,211$1,625$1,174$837$589$116
29 years$2,112$1,533$1,093$767$532$98
30 years$2,019$1,448$1,018$704$481$82
31 years$1,933$1,368$949$647$435$69
32 years$1,852$1,295$885$594$393$58
33 years$1,777$1,226$827$547$356$49
34 years$1,705$1,162$772$503$322$41
35 years$1,639$1,102$722$463$292$35
36 years$1,576$1,046$676$426$264$29
37 years$1,516$994$632$393$240$25
38 years$1,460$944$592$362$217$21
39 years$1,407$898$555$334$197$17
40 years$1,356$854$520$308$179$15
41 years$1,308$813$488$284$162$12
42 years$1,263$775$457$262$147$10
43 years$1,220$738$429$242$134$9
44 years$1,179$703$403$224$121$7
45 years$1,139$671$378$206$110$6
46 years$1,102$640$355$191$100$5
47 years$1,066$611$334$176$91$4
48 years$1,032$583$314$163$82$4
49 years$1,000$557$295$150$75$3
50 years$969$532$277$139$68$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $992,000, adding $5,041 every year, while hoping to spend $36,119 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: 39/40/21 Blend
68$992,000$992,000$992,000$992,000
69$1,098,384$1,045,808$1,030,432$1,134,179
70$1,171,989$1,058,622$1,026,521$1,173,238
71$1,251,891$1,070,854$1,021,268$1,211,651
72$1,338,694$1,082,436$1,014,591$1,252,451
73$1,433,063$1,093,298$1,006,403$1,295,875
74$1,535,729$1,103,363$996,611$1,342,186
75$1,647,497$1,112,551$985,121$1,391,674
76$1,769,251$1,120,776$971,832$1,444,662
77$1,901,967$1,127,946$956,640$1,501,509
78$2,046,715$1,133,962$939,435$1,562,609
79$2,204,676$1,138,723$920,102$1,628,402
80$2,377,148$1,142,116$898,521$1,699,374
81$2,565,563$1,144,024$874,567$1,776,062
82$2,771,492$1,144,324$848,107$1,859,062
83$2,996,670$1,142,882$819,005$1,949,035
84$3,243,005$1,139,557$787,115$2,046,709
85$3,512,597$1,134,201$752,289$2,152,892
86$3,807,760$1,126,655$714,369$2,268,478
87$4,131,041$1,116,750$673,190$2,394,457
88$4,485,245$1,104,309$628,580$2,531,921
89$4,873,463$1,089,144$580,360$2,682,081
90$5,299,097$1,071,052$528,343$2,846,274
91$5,765,895$1,049,824$472,332$3,025,980
92$6,277,984$1,025,233$412,123$3,222,834
93$6,839,911$997,042$347,502$3,438,645
94$7,456,684$964,999$278,246$3,675,409
95$8,133,820$928,838$204,121$3,935,337
96$8,877,395$888,277$124,885$4,220,869
97$9,694,104$843,017$40,283$4,534,701
98$10,591,320$792,742$0$4,879,814
99$11,577,167$737,119$0$5,270,701
100$12,660,595$675,795$0$5,710,157