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%16.7%
1 years$74,321$73,659$73,013$72,383$71,767$69,806
2 years$36,793$36,107$35,443$34,799$34,175$32,213
3 years$24,285$23,597$22,934$22,296$21,682$19,781
4 years$18,032$17,346$16,690$16,063$15,464$13,639
5 years$14,281$13,599$12,952$12,338$11,755$10,011
6 years$11,782$11,105$10,467$9,867$9,302$7,640
7 years$9,997$9,326$8,698$8,112$7,565$5,985
8 years$8,659$7,994$7,377$6,805$6,276$4,778
9 years$7,619$6,960$6,354$5,796$5,285$3,867
10 years$6,787$6,135$5,539$4,997$4,503$3,164
11 years$6,108$5,462$4,877$4,348$3,873$2,609
12 years$5,541$4,902$4,328$3,814$3,356$2,167
13 years$5,063$4,430$3,867$3,367$2,927$1,809
14 years$4,653$4,027$3,474$2,989$2,565$1,516
15 years$4,298$3,679$3,137$2,666$2,259$1,275
16 years$3,987$3,375$2,844$2,387$1,996$1,076
17 years$3,714$3,108$2,588$2,145$1,770$910
18 years$3,471$2,872$2,362$1,933$1,574$771
19 years$3,254$2,662$2,163$1,746$1,403$655
20 years$3,059$2,474$1,985$1,582$1,253$556
21 years$2,883$2,304$1,826$1,436$1,121$474
22 years$2,722$2,151$1,683$1,305$1,005$403
23 years$2,577$2,012$1,554$1,189$902$344
24 years$2,443$1,885$1,437$1,084$811$294
25 years$2,320$1,769$1,331$990$730$251
26 years$2,207$1,662$1,234$905$657$214
27 years$2,103$1,564$1,146$829$593$183
28 years$2,006$1,474$1,065$759$535$156
29 years$1,916$1,391$991$696$483$134
30 years$1,832$1,313$924$639$436$114
31 years$1,754$1,242$861$587$394$98
32 years$1,680$1,175$803$539$357$84
33 years$1,612$1,113$750$496$323$72
34 years$1,547$1,054$701$456$292$61
35 years$1,487$1,000$655$420$265$53
36 years$1,429$949$613$387$240$45
37 years$1,375$902$574$356$217$39
38 years$1,324$857$537$329$197$33
39 years$1,276$815$503$303$179$28
40 years$1,230$775$472$279$162$24
41 years$1,187$738$442$258$147$21
42 years$1,146$703$415$238$133$18
43 years$1,107$670$389$220$121$15
44 years$1,069$638$366$203$110$13
45 years$1,034$609$343$187$100$11
46 years$1,000$581$322$173$91$10
47 years$968$554$303$160$82$8
48 years$937$529$285$148$75$7
49 years$907$505$267$136$68$6
50 years$879$482$251$126$62$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $900,000, adding $2,496 every year, while hoping to spend $34,252 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: 56/14/30 Blend
68$900,000$900,000$900,000$900,000
69$994,375$946,675$932,725$1,041,678
70$1,059,357$956,618$927,527$1,084,517
71$1,129,820$965,900$921,007$1,127,428
72$1,206,285$974,453$913,085$1,173,504
73$1,289,329$982,204$903,676$1,223,063
74$1,379,583$989,075$892,692$1,276,457
75$1,477,743$994,983$880,040$1,334,075
76$1,584,576$999,839$865,624$1,396,346
77$1,700,922$1,003,551$849,342$1,463,745
78$1,827,710$1,006,018$831,088$1,536,797
79$1,965,958$1,007,135$810,752$1,616,080
80$2,116,791$1,006,790$788,217$1,702,236
81$2,281,442$1,004,861$763,361$1,795,973
82$2,461,274$1,001,224$736,058$1,898,070
83$2,657,783$995,743$706,175$2,009,393
84$2,872,617$988,275$673,573$2,130,894
85$3,107,593$978,669$638,106$2,263,626
86$3,364,708$966,765$599,623$2,408,752
87$3,646,163$952,391$557,965$2,567,557
88$3,954,382$935,368$512,967$2,741,457
89$4,292,033$915,505$464,456$2,932,018
90$4,662,055$892,600$412,249$3,140,969
91$5,067,684$866,437$356,160$3,370,216
92$5,512,486$836,790$295,989$3,621,865
93$6,000,386$803,420$231,531$3,898,241
94$6,535,709$766,071$162,572$4,201,907
95$7,123,219$724,476$88,885$4,535,695
96$7,768,162$678,350$10,238$4,902,728
97$8,476,319$627,393$0$5,306,453
98$9,254,054$571,286$0$5,774,263
99$10,108,384$509,695$0$6,291,796
100$11,047,032$442,264$0$6,860,486