Can I retire at age 69 with 900,000?

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 $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$74,321$73,659$73,013$72,383$71,767$70,175
2 years$36,793$36,107$35,443$34,799$34,175$32,579
3 years$24,285$23,597$22,934$22,296$21,682$20,132
4 years$18,032$17,346$16,690$16,063$15,464$13,972
5 years$14,281$13,599$12,952$12,338$11,755$10,326
6 years$11,782$11,105$10,467$9,867$9,302$7,936
7 years$9,997$9,326$8,698$8,112$7,565$6,263
8 years$8,659$7,994$7,377$6,805$6,276$5,038
9 years$7,619$6,960$6,354$5,796$5,285$4,110
10 years$6,787$6,135$5,539$4,997$4,503$3,389
11 years$6,108$5,462$4,877$4,348$3,873$2,819
12 years$5,541$4,902$4,328$3,814$3,356$2,361
13 years$5,063$4,430$3,867$3,367$2,927$1,988
14 years$4,653$4,027$3,474$2,989$2,565$1,681
15 years$4,298$3,679$3,137$2,666$2,259$1,427
16 years$3,987$3,375$2,844$2,387$1,996$1,215
17 years$3,714$3,108$2,588$2,145$1,770$1,038
18 years$3,471$2,872$2,362$1,933$1,574$888
19 years$3,254$2,662$2,163$1,746$1,403$761
20 years$3,059$2,474$1,985$1,582$1,253$653
21 years$2,883$2,304$1,826$1,436$1,121$562
22 years$2,722$2,151$1,683$1,305$1,005$483
23 years$2,577$2,012$1,554$1,189$902$416
24 years$2,443$1,885$1,437$1,084$811$359
25 years$2,320$1,769$1,331$990$730$310
26 years$2,207$1,662$1,234$905$657$267
27 years$2,103$1,564$1,146$829$593$231
28 years$2,006$1,474$1,065$759$535$199
29 years$1,916$1,391$991$696$483$172
30 years$1,832$1,313$924$639$436$149
31 years$1,754$1,242$861$587$394$129
32 years$1,680$1,175$803$539$357$112
33 years$1,612$1,113$750$496$323$97
34 years$1,547$1,054$701$456$292$84
35 years$1,487$1,000$655$420$265$72
36 years$1,429$949$613$387$240$63
37 years$1,375$902$574$356$217$54
38 years$1,324$857$537$329$197$47
39 years$1,276$815$503$303$179$41
40 years$1,230$775$472$279$162$35
41 years$1,187$738$442$258$147$31
42 years$1,146$703$415$238$133$26
43 years$1,107$670$389$220$121$23
44 years$1,069$638$366$203$110$20
45 years$1,034$609$343$187$100$17
46 years$1,000$581$322$173$91$15
47 years$968$554$303$160$82$13
48 years$937$529$285$148$75$11
49 years$907$505$267$136$68$10
50 years$879$482$251$126$62$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $900,000, adding $5,823 every year, while hoping to spend $26,402 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: 81/7/12 Blend
68$900,000$900,000$900,000$900,000
69$997,806$950,106$936,156$1,075,989
70$1,071,491$968,570$939,426$1,146,594
71$1,151,807$987,054$941,921$1,220,032
72$1,239,402$1,005,530$943,586$1,299,867
73$1,334,990$1,023,970$944,365$1,386,726
74$1,439,357$1,042,343$944,200$1,481,303
75$1,553,368$1,060,614$943,027$1,584,357
76$1,677,975$1,078,748$940,781$1,696,730
77$1,814,226$1,096,703$937,394$1,819,344
78$1,963,275$1,114,440$932,795$1,953,219
79$2,126,392$1,131,911$926,907$2,099,476
80$2,304,978$1,149,068$919,653$2,259,351
81$2,500,573$1,165,860$910,948$2,434,206
82$2,714,874$1,182,230$900,708$2,625,539
83$2,949,750$1,198,118$888,840$2,835,005
84$3,207,259$1,213,460$875,251$3,064,423
85$3,489,668$1,228,188$859,840$3,315,800
86$3,799,474$1,242,229$842,504$3,591,346
87$4,139,426$1,255,504$823,134$3,893,498
88$4,512,554$1,267,931$801,616$4,224,939
89$4,922,195$1,279,420$777,830$4,588,625
90$5,372,024$1,289,876$751,653$4,987,817
91$5,866,091$1,299,200$722,953$5,426,104
92$6,408,855$1,307,283$691,595$5,907,443
93$7,005,230$1,314,012$657,435$6,436,195
94$7,660,629$1,319,265$620,325$7,017,163
95$8,381,017$1,322,912$580,109$7,655,644
96$9,172,962$1,324,817$536,625$8,357,470
97$10,043,704$1,324,833$489,702$9,129,072
98$11,001,218$1,322,805$439,163$9,977,535
99$12,054,289$1,318,570$384,821$10,910,667
100$13,212,598$1,311,951$326,485$11,937,072