Can I retire at age 69 with 998,000?

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 $998,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$82,414$81,680$80,964$80,265$79,582$79,180
2 years$40,799$40,039$39,303$38,589$37,896$37,491
3 years$26,929$26,166$25,431$24,724$24,043$23,646
4 years$19,996$19,235$18,508$17,812$17,148$16,763
5 years$15,837$15,080$14,363$13,682$13,035$12,663
6 years$13,065$12,314$11,607$10,941$10,314$9,956
7 years$11,086$10,341$9,646$8,995$8,388$8,044
8 years$9,602$8,865$8,180$7,546$6,959$6,628
9 years$8,449$7,718$7,046$6,428$5,860$5,543
10 years$7,527$6,803$6,143$5,541$4,993$4,690
11 years$6,773$6,056$5,408$4,822$4,294$4,004
12 years$6,145$5,436$4,799$4,230$3,722$3,444
13 years$5,614$4,913$4,288$3,734$3,245$2,981
14 years$5,159$4,465$3,853$3,315$2,845$2,593
15 years$4,766$4,079$3,478$2,956$2,505$2,265
16 years$4,422$3,743$3,154$2,647$2,214$1,986
17 years$4,118$3,447$2,870$2,378$1,963$1,746
18 years$3,849$3,185$2,620$2,143$1,745$1,540
19 years$3,608$2,952$2,398$1,937$1,556$1,361
20 years$3,392$2,743$2,201$1,754$1,389$1,205
21 years$3,196$2,555$2,024$1,592$1,243$1,069
22 years$3,019$2,385$1,866$1,447$1,115$950
23 years$2,857$2,231$1,723$1,318$1,000$845
24 years$2,709$2,090$1,593$1,202$899$753
25 years$2,573$1,961$1,476$1,098$809$671
26 years$2,448$1,843$1,369$1,004$729$599
27 years$2,332$1,735$1,271$919$657$535
28 years$2,224$1,635$1,181$842$593$478
29 years$2,124$1,542$1,099$772$535$428
30 years$2,031$1,456$1,024$709$484$383
31 years$1,945$1,377$955$651$437$343
32 years$1,863$1,303$891$598$396$307
33 years$1,787$1,234$832$550$358$275
34 years$1,716$1,169$777$506$324$247
35 years$1,648$1,109$727$466$294$221
36 years$1,585$1,053$680$429$266$198
37 years$1,525$1,000$636$395$241$178
38 years$1,469$950$596$364$219$160
39 years$1,415$903$558$336$198$143
40 years$1,364$860$523$310$180$129
41 years$1,316$818$491$286$163$116
42 years$1,271$779$460$264$148$104
43 years$1,227$742$432$244$134$93
44 years$1,186$708$405$225$122$84
45 years$1,146$675$381$208$111$75
46 years$1,109$644$357$192$101$68
47 years$1,073$614$336$177$91$61
48 years$1,039$587$316$164$83$55
49 years$1,006$560$297$151$75$49
50 years$974$535$279$140$68$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $998,000, adding $4,347 every year, while hoping to spend $34,576 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: 54/18/28 Blend
68$998,000$998,000$998,000$998,000
69$1,104,280$1,051,386$1,035,917$1,155,103
70$1,180,128$1,066,115$1,033,832$1,205,440
71$1,262,553$1,080,407$1,030,517$1,256,315
72$1,352,191$1,094,205$1,025,897$1,311,012
73$1,449,739$1,107,445$1,019,889$1,369,913
74$1,555,965$1,120,062$1,012,407$1,433,436
75$1,671,714$1,131,986$1,003,364$1,502,046
76$1,797,916$1,143,140$992,664$1,576,256
77$1,935,594$1,153,445$980,209$1,656,630
78$2,085,877$1,162,816$965,898$1,743,793
79$2,250,002$1,171,160$949,622$1,838,435
80$2,429,337$1,178,382$931,269$1,941,319
81$2,625,384$1,184,376$910,720$2,053,283
82$2,839,797$1,189,035$887,854$2,175,259
83$3,074,399$1,192,241$862,540$2,308,269
84$3,331,197$1,193,869$834,643$2,453,446
85$3,612,398$1,193,788$804,024$2,612,038
86$3,920,437$1,191,859$770,533$2,785,425
87$4,257,993$1,187,931$734,017$2,975,129
88$4,628,016$1,181,847$694,314$3,182,828
89$5,033,756$1,173,440$651,256$3,410,377
90$5,478,793$1,162,532$604,666$3,659,820
91$5,967,068$1,148,934$554,361$3,933,416
92$6,502,925$1,132,448$500,148$4,233,656
93$7,091,146$1,112,861$441,826$4,563,287
94$7,737,002$1,089,950$379,186$4,925,343
95$8,446,295$1,063,476$312,008$5,323,169
96$9,225,420$1,033,189$240,062$5,760,457
97$10,081,419$998,823$163,112$6,241,278
98$11,022,054$960,095$80,906$6,770,126
99$12,055,872$916,708$0$7,351,956
100$13,192,290$868,346$0$7,994,271