Can I retire at age 69 with 999,000?

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 $999,000?

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$82,496$81,762$81,045$80,345$79,662$77,958
2 years$40,840$40,079$39,342$38,627$37,934$36,226
3 years$26,956$26,192$25,457$24,749$24,067$22,407
4 years$20,016$19,254$18,526$17,830$17,165$15,567
5 years$15,852$15,095$14,377$13,695$13,048$11,517
6 years$13,078$12,327$11,619$10,952$10,325$8,861
7 years$11,097$10,352$9,655$9,004$8,397$7,001
8 years$9,612$8,873$8,188$7,554$6,966$5,638
9 years$8,457$7,726$7,053$6,434$5,866$4,605
10 years$7,534$6,810$6,149$5,546$4,998$3,802
11 years$6,779$6,063$5,413$4,827$4,299$3,166
12 years$6,151$5,441$4,804$4,234$3,725$2,655
13 years$5,620$4,917$4,292$3,738$3,248$2,239
14 years$5,164$4,470$3,857$3,318$2,848$1,896
15 years$4,770$4,083$3,482$2,959$2,507$1,612
16 years$4,426$3,746$3,157$2,650$2,216$1,374
17 years$4,122$3,450$2,873$2,381$1,965$1,175
18 years$3,853$3,188$2,622$2,145$1,747$1,007
19 years$3,612$2,955$2,401$1,939$1,557$864
20 years$3,395$2,746$2,203$1,756$1,391$743
21 years$3,200$2,558$2,026$1,593$1,245$640
22 years$3,022$2,387$1,868$1,449$1,116$551
23 years$2,860$2,233$1,725$1,319$1,001$476
24 years$2,712$2,092$1,595$1,203$900$411
25 years$2,576$1,963$1,477$1,099$810$355
26 years$2,450$1,845$1,370$1,005$730$307
27 years$2,334$1,736$1,272$920$658$266
28 years$2,227$1,636$1,183$843$594$230
29 years$2,127$1,544$1,101$773$536$199
30 years$2,034$1,458$1,025$709$484$172
31 years$1,947$1,378$956$651$438$149
32 years$1,865$1,304$892$599$396$129
33 years$1,789$1,235$833$550$358$112
34 years$1,717$1,170$778$507$325$97
35 years$1,650$1,110$727$466$294$84
36 years$1,587$1,054$680$429$266$73
37 years$1,527$1,001$637$396$241$63
38 years$1,470$951$596$365$219$55
39 years$1,417$904$559$336$198$48
40 years$1,366$860$524$310$180$41
41 years$1,318$819$491$286$163$36
42 years$1,272$780$461$264$148$31
43 years$1,228$743$432$244$134$27
44 years$1,187$708$406$225$122$23
45 years$1,147$676$381$208$111$20
46 years$1,110$644$358$192$101$18
47 years$1,074$615$336$177$91$15
48 years$1,040$587$316$164$83$13
49 years$1,007$561$297$151$75$12
50 years$975$536$279$140$68$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $999,000, adding $2,678 every year, while hoping to spend $23,022 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: 78/12/10 Blend
68$999,000$999,000$999,000$999,000
69$1,103,660$1,050,713$1,035,229$1,187,672
70$1,191,738$1,077,703$1,045,414$1,270,250
71$1,288,029$1,105,244$1,055,168$1,357,561
72$1,393,345$1,133,338$1,064,454$1,452,654
73$1,508,583$1,161,988$1,073,229$1,556,294
74$1,634,728$1,191,195$1,081,452$1,669,324
75$1,772,866$1,220,959$1,089,076$1,792,675
76$1,924,193$1,251,281$1,096,055$1,927,368
77$2,090,026$1,282,159$1,102,339$2,074,530
78$2,271,816$1,313,592$1,107,874$2,235,403
79$2,471,159$1,345,576$1,112,606$2,411,353
80$2,689,815$1,378,107$1,116,476$2,603,887
81$2,929,722$1,411,180$1,119,423$2,814,663
82$3,193,014$1,444,788$1,121,385$3,045,507
83$3,482,042$1,478,924$1,122,292$3,298,435
84$3,799,396$1,513,577$1,122,075$3,575,662
85$4,147,930$1,548,737$1,120,659$3,879,633
86$4,530,785$1,584,392$1,117,968$4,213,039
87$4,951,424$1,620,526$1,113,919$4,578,846
88$5,413,661$1,657,124$1,108,427$4,980,322
89$5,921,698$1,694,166$1,101,402$5,421,067
90$6,480,164$1,731,632$1,092,752$5,905,047
91$7,094,158$1,769,500$1,082,376$6,436,634
92$7,769,300$1,807,743$1,070,174$7,020,643
93$8,511,779$1,846,334$1,056,036$7,662,381
94$9,328,417$1,885,240$1,039,849$8,367,695
95$10,226,728$1,924,429$1,021,496$9,143,027
96$11,214,991$1,963,863$1,000,853$9,995,478
97$12,302,328$2,003,501$977,790$10,932,869
98$13,498,792$2,043,298$952,172$11,963,822
99$14,815,456$2,083,207$923,857$13,097,834
100$16,264,522$2,123,175$892,697$14,345,373