Can I retire at age 69 with 994,000?

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 $994,000?

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 years$82,084$81,352$80,639$79,943$79,263$77,950
2 years$40,635$39,879$39,145$38,434$37,744$36,425
3 years$26,821$26,061$25,330$24,625$23,947$22,662
4 years$19,915$19,158$18,433$17,741$17,079$15,840
5 years$15,773$15,020$14,305$13,627$12,983$11,793
6 years$13,012$12,265$11,561$10,897$10,273$9,132
7 years$11,041$10,300$9,607$8,959$8,355$7,264
8 years$9,564$8,829$8,147$7,516$6,931$5,891
9 years$8,415$7,687$7,017$6,402$5,837$4,846
10 years$7,496$6,776$6,118$5,518$4,973$4,031
11 years$6,745$6,032$5,386$4,803$4,277$3,383
12 years$6,120$5,414$4,780$4,213$3,707$2,858
13 years$5,591$4,893$4,271$3,719$3,232$2,429
14 years$5,139$4,447$3,837$3,301$2,833$2,074
15 years$4,747$4,063$3,464$2,944$2,495$1,778
16 years$4,404$3,728$3,141$2,636$2,205$1,529
17 years$4,102$3,433$2,858$2,369$1,955$1,319
18 years$3,833$3,172$2,609$2,135$1,738$1,140
19 years$3,594$2,940$2,389$1,929$1,549$987
20 years$3,378$2,732$2,192$1,747$1,384$856
21 years$3,184$2,545$2,016$1,585$1,238$744
22 years$3,007$2,375$1,858$1,442$1,110$647
23 years$2,846$2,222$1,716$1,313$996$564
24 years$2,698$2,082$1,587$1,197$896$491
25 years$2,563$1,953$1,470$1,094$806$429
26 years$2,438$1,836$1,363$1,000$726$374
27 years$2,322$1,728$1,266$915$655$327
28 years$2,215$1,628$1,177$839$591$286
29 years$2,116$1,536$1,095$769$533$250
30 years$2,023$1,451$1,020$706$482$218
31 years$1,937$1,371$951$648$436$191
32 years$1,856$1,297$887$596$394$167
33 years$1,780$1,229$828$548$357$147
34 years$1,709$1,165$774$504$323$128
35 years$1,642$1,105$724$464$292$112
36 years$1,579$1,048$677$427$265$98
37 years$1,519$996$634$394$240$86
38 years$1,463$946$593$363$218$76
39 years$1,409$900$556$335$197$66
40 years$1,359$856$521$309$179$58
41 years$1,311$815$489$285$162$51
42 years$1,266$776$458$263$147$45
43 years$1,222$739$430$243$134$39
44 years$1,181$705$404$224$121$34
45 years$1,142$672$379$207$110$30
46 years$1,104$641$356$191$100$26
47 years$1,069$612$334$177$91$23
48 years$1,034$584$314$163$83$20
49 years$1,002$558$295$151$75$18
50 years$970$533$278$139$68$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $994,000, adding $2,423 every year, while hoping to spend $42,053 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: 85/9/6 Blend
68$994,000$994,000$994,000$994,000
69$1,097,887$1,045,205$1,029,798$1,190,694
70$1,165,128$1,051,676$1,019,553$1,258,053
71$1,237,817$1,057,055$1,007,554$1,326,036
72$1,316,467$1,061,243$993,700$1,399,379
73$1,401,640$1,064,137$977,882$1,478,593
74$1,493,953$1,065,626$959,987$1,564,238
75$1,594,087$1,065,592$939,897$1,656,933
76$1,702,789$1,063,911$917,488$1,757,358
77$1,820,880$1,060,450$892,631$1,866,265
78$1,949,266$1,055,068$865,190$1,984,477
79$2,088,941$1,047,615$835,023$2,112,904
80$2,240,999$1,037,935$801,983$2,252,548
81$2,406,645$1,025,858$765,914$2,404,510
82$2,587,205$1,011,207$726,654$2,570,008
83$2,784,136$993,793$684,033$2,750,377
84$2,999,046$973,416$637,876$2,947,093
85$3,233,700$949,865$587,997$3,161,780
86$3,490,045$922,916$534,202$3,396,227
87$3,770,222$892,332$476,290$3,652,406
88$4,076,589$857,861$414,051$3,932,489
89$4,411,743$819,237$347,263$4,238,868
90$4,778,541$776,180$275,697$4,574,182
91$5,180,132$728,393$199,112$4,941,336
92$5,619,982$675,561$117,259$5,343,532
93$6,101,909$617,351$29,875$5,784,298
94$6,630,115$553,413$0$6,267,521
95$7,209,232$483,375$0$6,801,545
96$7,844,357$406,845$0$7,389,338
97$8,541,110$323,408$0$8,034,206
98$9,305,674$232,626$0$8,741,904
99$10,144,865$134,037$0$9,518,772
100$11,066,190$27,153$0$10,371,793