Can I retire at age 69 with 995,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $995,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$82,166$81,434$80,720$80,023$79,343$78,060
2 years$40,676$39,919$39,185$38,473$37,782$36,494
3 years$26,848$26,087$25,355$24,650$23,971$22,716
4 years$19,935$19,177$18,452$17,759$17,096$15,885
5 years$15,789$15,035$14,319$13,640$12,996$11,833
6 years$13,025$12,277$11,572$10,908$10,283$9,168
7 years$11,052$10,310$9,617$8,968$8,363$7,297
8 years$9,573$8,838$8,156$7,523$6,938$5,921
9 years$8,423$7,695$7,024$6,408$5,843$4,874
10 years$7,504$6,783$6,124$5,524$4,978$4,056
11 years$6,752$6,038$5,392$4,808$4,282$3,406
12 years$6,126$5,420$4,785$4,217$3,710$2,880
13 years$5,597$4,898$4,275$3,723$3,235$2,449
14 years$5,144$4,452$3,841$3,305$2,836$2,093
15 years$4,751$4,067$3,468$2,947$2,497$1,795
16 years$4,408$3,731$3,144$2,639$2,207$1,545
17 years$4,106$3,436$2,861$2,371$1,957$1,333
18 years$3,837$3,175$2,612$2,137$1,740$1,153
19 years$3,597$2,943$2,391$1,931$1,551$999
20 years$3,382$2,735$2,194$1,749$1,385$868
21 years$3,187$2,547$2,018$1,587$1,240$754
22 years$3,010$2,378$1,860$1,443$1,111$657
23 years$2,849$2,224$1,718$1,314$997$572
24 years$2,701$2,084$1,588$1,199$897$499
25 years$2,565$1,955$1,471$1,095$807$436
26 years$2,440$1,838$1,365$1,001$727$381
27 years$2,325$1,730$1,267$916$655$333
28 years$2,218$1,630$1,178$839$591$291
29 years$2,118$1,537$1,096$770$534$255
30 years$2,025$1,452$1,021$706$482$223
31 years$1,939$1,373$952$649$436$195
32 years$1,858$1,299$888$596$394$171
33 years$1,782$1,230$829$548$357$150
34 years$1,711$1,166$775$504$323$131
35 years$1,644$1,106$724$464$293$115
36 years$1,580$1,049$678$428$265$101
37 years$1,521$997$634$394$240$89
38 years$1,464$947$594$363$218$78
39 years$1,411$901$556$335$198$68
40 years$1,360$857$522$309$179$60
41 years$1,312$816$489$285$163$52
42 years$1,267$777$459$263$148$46
43 years$1,223$740$430$243$134$40
44 years$1,182$706$404$224$122$35
45 years$1,143$673$379$207$110$31
46 years$1,105$642$356$191$100$27
47 years$1,070$613$335$177$91$24
48 years$1,035$585$315$163$83$21
49 years$1,003$558$296$151$75$18
50 years$971$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 $995,000, adding $3,624 every year, while hoping to spend $48,342 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: 45/40/15 Blend
68$995,000$995,000$995,000$995,000
69$1,100,228$1,047,493$1,032,071$1,144,864
70$1,161,016$1,047,385$1,015,210$1,176,241
71$1,226,384$1,045,651$996,163$1,205,091
72$1,296,748$1,042,161$974,808$1,235,327
73$1,372,565$1,036,776$951,013$1,267,098
74$1,454,338$1,029,349$924,643$1,300,570
75$1,542,617$1,019,724$895,555$1,335,929
76$1,638,009$1,007,735$863,601$1,373,383
77$1,741,179$993,207$828,625$1,413,165
78$1,852,859$975,954$790,464$1,455,534
79$1,973,854$955,779$748,948$1,500,780
80$2,105,049$932,474$703,899$1,549,228
81$2,247,416$905,818$655,132$1,601,239
82$2,402,026$875,576$602,452$1,657,215
83$2,570,055$841,502$545,657$1,717,604
84$2,752,799$803,333$484,534$1,782,906
85$2,951,681$760,793$418,863$1,853,678
86$3,168,269$713,589$348,412$1,930,537
87$3,404,288$661,410$272,939$2,014,173
88$3,661,636$603,930$192,193$2,105,348
89$3,942,402$540,801$105,910$2,204,915
90$4,248,885$471,659$13,816$2,313,817
91$4,583,617$396,116$0$2,433,103
92$4,949,384$313,763$0$2,577,455
93$5,349,253$224,170$0$2,737,887
94$5,786,603$126,880$0$2,913,666
95$6,265,152$21,412$0$3,106,436
96$6,788,994$0$0$3,318,013
97$7,362,640$0$0$3,591,230
98$7,991,054$0$0$3,900,974
99$8,679,706$0$0$4,240,530
100$9,434,617$0$0$4,612,882