Can I retire at age 69 with 905,000?

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 $905,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$74,734$74,068$73,419$72,785$72,166$69,912
2 years$36,997$36,308$35,640$34,993$34,365$32,114
3 years$24,420$23,728$23,062$22,420$21,802$19,625
4 years$18,132$17,442$16,783$16,152$15,550$13,463
5 years$14,361$13,675$13,024$12,407$11,821$9,830
6 years$11,847$11,167$10,526$9,922$9,353$7,461
7 years$10,053$9,378$8,747$8,157$7,607$5,812
8 years$8,707$8,038$7,418$6,843$6,310$4,612
9 years$7,661$6,999$6,389$5,829$5,314$3,710
10 years$6,825$6,169$5,570$5,024$4,528$3,016
11 years$6,141$5,492$4,904$4,373$3,894$2,472
12 years$5,572$4,929$4,352$3,835$3,375$2,039
13 years$5,091$4,455$3,888$3,386$2,943$1,691
14 years$4,678$4,049$3,494$3,006$2,580$1,407
15 years$4,322$3,699$3,154$2,681$2,271$1,176
16 years$4,009$3,394$2,860$2,400$2,007$985
17 years$3,734$3,126$2,602$2,157$1,780$827
18 years$3,490$2,888$2,376$1,944$1,583$695
19 years$3,272$2,677$2,175$1,756$1,411$586
20 years$3,076$2,487$1,996$1,591$1,260$494
21 years$2,899$2,317$1,836$1,443$1,128$417
22 years$2,738$2,163$1,692$1,312$1,011$353
23 years$2,591$2,023$1,562$1,195$907$299
24 years$2,457$1,895$1,445$1,090$815$253
25 years$2,333$1,779$1,338$996$734$214
26 years$2,220$1,672$1,241$910$661$181
27 years$2,114$1,573$1,152$833$596$154
28 years$2,017$1,482$1,071$763$538$130
29 years$1,927$1,398$997$700$486$111
30 years$1,842$1,321$929$643$439$94
31 years$1,763$1,248$866$590$397$80
32 years$1,690$1,181$808$542$359$68
33 years$1,621$1,119$754$499$325$57
34 years$1,556$1,060$705$459$294$49
35 years$1,495$1,006$659$422$266$41
36 years$1,437$955$616$389$241$35
37 years$1,383$907$577$358$219$30
38 years$1,332$862$540$330$198$25
39 years$1,283$819$506$305$180$22
40 years$1,237$779$474$281$163$18
41 years$1,194$742$445$259$148$16
42 years$1,152$707$417$239$134$13
43 years$1,113$673$392$221$122$11
44 years$1,075$642$368$204$111$10
45 years$1,040$612$345$188$100$8
46 years$1,005$584$324$174$91$7
47 years$973$557$305$161$83$6
48 years$942$532$286$149$75$5
49 years$912$508$269$137$68$4
50 years$884$485$253$127$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $905,000, adding $4,026 every year, while hoping to spend $44,599 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: 60/10/30 Blend
68$905,000$905,000$905,000$905,000
69$1,001,463$953,498$939,470$1,053,156
70$1,056,159$952,766$923,490$1,088,219
71$1,114,939$950,504$905,479$1,121,377
72$1,178,174$946,589$885,323$1,156,645
73$1,246,267$940,892$862,901$1,194,240
74$1,319,666$933,275$838,088$1,234,404
75$1,398,859$923,593$810,751$1,277,404
76$1,484,385$911,691$780,753$1,323,536
77$1,576,833$897,405$747,949$1,373,131
78$1,676,854$880,562$712,189$1,426,552
79$1,785,162$860,977$673,316$1,484,204
80$1,902,541$838,458$631,165$1,546,534
81$2,029,854$812,796$585,563$1,614,038
82$2,168,050$783,775$536,330$1,687,265
83$2,318,174$751,162$483,280$1,766,823
84$2,481,374$714,715$426,216$1,853,384
85$2,658,912$674,174$364,932$1,947,695
86$2,852,179$629,267$299,216$2,050,578
87$3,062,704$579,704$228,842$2,162,946
88$3,292,170$525,180$153,579$2,285,807
89$3,542,430$465,372$73,182$2,420,276
90$3,815,521$399,938$0$2,567,588
91$4,113,689$328,519$0$2,733,144
92$4,439,402$250,734$0$2,939,675
93$4,795,381$166,180$0$3,165,487
94$5,184,619$74,432$0$3,412,513
95$5,610,412$0$0$3,682,886
96$6,076,392$0$0$3,981,701
97$6,586,553$0$0$4,317,886
98$7,145,297$0$0$4,686,157
99$7,757,471$0$0$5,089,720
100$8,428,412$0$0$5,532,101