Can I retire at age 69 with 902,000?

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 $902,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$74,486$73,823$73,176$72,544$71,927$71,594
2 years$36,874$36,188$35,522$34,877$34,251$33,915
3 years$24,339$23,649$22,985$22,346$21,730$21,401
4 years$18,072$17,385$16,727$16,099$15,498$15,179
5 years$14,313$13,630$12,981$12,366$11,781$11,473
6 years$11,808$11,130$10,491$9,889$9,322$9,025
7 years$10,019$9,347$8,718$8,130$7,581$7,295
8 years$8,678$8,012$7,393$6,820$6,290$6,015
9 years$7,636$6,976$6,368$5,809$5,297$5,033
10 years$6,803$6,149$5,552$5,008$4,513$4,261
11 years$6,121$5,474$4,888$4,358$3,881$3,640
12 years$5,554$4,913$4,338$3,823$3,364$3,133
13 years$5,074$4,440$3,875$3,375$2,933$2,713
14 years$4,663$4,036$3,482$2,996$2,571$2,362
15 years$4,307$3,687$3,144$2,672$2,264$2,064
16 years$3,996$3,383$2,850$2,392$2,001$1,811
17 years$3,722$3,115$2,594$2,149$1,774$1,594
18 years$3,479$2,879$2,368$1,937$1,577$1,406
19 years$3,261$2,668$2,168$1,750$1,406$1,244
20 years$3,066$2,479$1,989$1,585$1,256$1,102
21 years$2,889$2,309$1,830$1,439$1,124$979
22 years$2,729$2,156$1,686$1,308$1,007$870
23 years$2,582$2,016$1,557$1,191$904$775
24 years$2,448$1,889$1,440$1,087$813$691
25 years$2,325$1,773$1,334$992$731$616
26 years$2,212$1,666$1,237$907$659$550
27 years$2,107$1,568$1,149$830$594$492
28 years$2,010$1,477$1,068$761$536$440
29 years$1,920$1,394$994$698$484$394
30 years$1,836$1,316$926$640$437$353
31 years$1,758$1,244$863$588$395$316
32 years$1,684$1,177$805$541$358$284
33 years$1,615$1,115$752$497$324$254
34 years$1,551$1,057$702$457$293$228
35 years$1,490$1,002$657$421$265$205
36 years$1,433$951$614$388$240$184
37 years$1,379$904$575$357$218$165
38 years$1,327$859$538$329$198$148
39 years$1,279$817$504$304$179$133
40 years$1,233$777$473$280$163$120
41 years$1,190$740$443$258$147$108
42 years$1,148$704$416$238$134$97
43 years$1,109$671$390$220$121$87
44 years$1,072$640$366$203$110$78
45 years$1,036$610$344$188$100$70
46 years$1,002$582$323$173$91$63
47 years$970$555$304$160$82$57
48 years$939$530$285$148$75$51
49 years$909$506$268$137$68$46
50 years$881$484$252$126$62$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $902,000, adding $5,827 every year, while hoping to spend $28,522 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: 40/48/12 Blend
68$902,000$902,000$902,000$902,000
69$1,000,015$952,209$938,228$1,036,211
70$1,071,669$968,520$939,311$1,078,628
71$1,149,676$984,674$939,475$1,121,233
72$1,234,654$1,000,634$938,658$1,166,693
73$1,327,282$1,016,359$936,797$1,215,280
74$1,428,309$1,031,805$933,824$1,267,294
75$1,538,559$1,046,925$929,670$1,323,064
76$1,658,939$1,061,671$924,260$1,382,957
77$1,790,445$1,075,987$917,517$1,447,377
78$1,934,177$1,089,818$909,361$1,516,767
79$2,091,345$1,103,101$899,706$1,591,621
80$2,263,280$1,115,771$888,464$1,672,482
81$2,451,450$1,127,758$875,542$1,759,949
82$2,657,467$1,138,988$860,843$1,854,686
83$2,883,112$1,149,381$844,264$1,957,422
84$3,130,342$1,158,853$825,699$2,068,965
85$3,401,313$1,167,314$805,037$2,190,208
86$3,698,402$1,174,667$782,160$2,322,134
87$4,024,223$1,180,810$756,947$2,465,829
88$4,381,659$1,185,634$729,269$2,622,494
89$4,773,882$1,189,024$698,994$2,793,453
90$5,204,389$1,190,858$665,981$2,980,166
91$5,677,030$1,191,003$630,085$3,184,249
92$6,196,047$1,189,322$591,153$3,407,483
93$6,766,112$1,185,667$549,025$3,651,832
94$7,392,373$1,179,883$503,535$3,919,467
95$8,080,501$1,171,803$454,509$4,212,782
96$8,836,742$1,161,251$401,765$4,534,421
97$9,667,978$1,148,041$345,113$4,887,299
98$10,581,792$1,131,975$284,354$5,274,634
99$11,586,537$1,112,844$219,282$5,699,978
100$12,691,416$1,090,426$149,681$6,167,249