Can I retire at age 69 with 911,000?

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 $911,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$75,230$74,559$73,906$73,268$72,644$71,178
2 years$37,242$36,549$35,877$35,225$34,593$33,121
3 years$24,582$23,885$23,214$22,569$21,947$20,517
4 years$18,252$17,558$16,894$16,260$15,653$14,275
5 years$14,456$13,766$13,111$12,489$11,899$10,578
6 years$11,926$11,241$10,595$9,987$9,415$8,152
7 years$10,119$9,440$8,805$8,211$7,657$6,452
8 years$8,765$8,092$7,467$6,888$6,352$5,204
9 years$7,712$7,045$6,431$5,867$5,350$4,258
10 years$6,870$6,210$5,607$5,058$4,558$3,523
11 years$6,182$5,529$4,936$4,402$3,920$2,939
12 years$5,609$4,962$4,381$3,861$3,397$2,469
13 years$5,125$4,484$3,914$3,409$2,962$2,086
14 years$4,710$4,076$3,517$3,026$2,597$1,771
15 years$4,350$3,724$3,175$2,698$2,286$1,508
16 years$4,036$3,416$2,879$2,416$2,021$1,289
17 years$3,759$3,146$2,620$2,171$1,792$1,104
18 years$3,513$2,907$2,391$1,956$1,593$948
19 years$3,294$2,694$2,189$1,768$1,420$816
20 years$3,096$2,504$2,009$1,601$1,268$703
21 years$2,918$2,332$1,848$1,453$1,135$607
22 years$2,756$2,177$1,703$1,321$1,017$524
23 years$2,608$2,036$1,573$1,203$913$453
24 years$2,473$1,908$1,454$1,097$821$392
25 years$2,349$1,790$1,347$1,002$739$340
26 years$2,234$1,683$1,249$916$665$295
27 years$2,128$1,584$1,160$839$600$255
28 years$2,030$1,492$1,078$768$541$222
29 years$1,939$1,408$1,004$705$489$192
30 years$1,854$1,329$935$647$442$167
31 years$1,775$1,257$872$594$399$145
32 years$1,701$1,189$813$546$361$126
33 years$1,631$1,126$759$502$327$110
34 years$1,566$1,067$709$462$296$95
35 years$1,505$1,012$663$425$268$83
36 years$1,447$961$620$392$243$72
37 years$1,392$913$581$361$220$63
38 years$1,341$867$544$333$200$54
39 years$1,292$825$509$307$181$47
40 years$1,245$785$478$283$164$41
41 years$1,202$747$448$261$149$36
42 years$1,160$711$420$241$135$31
43 years$1,120$678$394$222$123$27
44 years$1,082$646$370$205$111$24
45 years$1,046$616$347$190$101$21
46 years$1,012$588$326$175$92$18
47 years$979$561$307$162$83$16
48 years$948$535$288$149$76$14
49 years$918$511$271$138$69$12
50 years$889$488$255$128$62$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $911,000, adding $2,467 every year, while hoping to spend $56,709 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: 41/33/26 Blend
68$911,000$911,000$911,000$911,000
69$1,006,467$958,184$944,063$1,039,946
70$1,048,788$944,797$915,351$1,050,912
71$1,093,526$928,853$883,777$1,057,249
72$1,140,867$910,168$849,185$1,063,006
73$1,191,014$888,545$811,411$1,068,163
74$1,244,190$863,776$770,286$1,072,703
75$1,300,638$835,642$725,631$1,076,613
76$1,360,625$803,910$677,261$1,079,882
77$1,424,441$768,334$624,982$1,082,504
78$1,492,404$728,653$568,589$1,084,479
79$1,564,864$684,592$507,872$1,085,813
80$1,642,203$635,859$442,608$1,086,516
81$1,724,838$582,146$372,566$1,086,611
82$1,813,228$523,129$297,504$1,086,126
83$1,907,877$458,461$217,169$1,085,101
84$2,009,336$387,781$131,300$1,083,590
85$2,118,209$310,703$39,619$1,081,660
86$2,235,160$226,822$0$1,079,391
87$2,360,919$135,709$0$1,093,038
88$2,496,285$36,911$0$1,119,348
89$2,642,137$0$0$1,147,549
90$2,799,440$0$0$1,203,340
91$2,969,253$0$0$1,278,127
92$3,152,742$0$0$1,359,033
93$3,351,186$0$0$1,446,633
94$3,565,993$0$0$1,541,560
95$3,798,709$0$0$1,644,513
96$4,051,036$0$0$1,756,257
97$4,324,842$0$0$1,877,635
98$4,622,186$0$0$2,009,573
99$4,945,330$0$0$2,153,093
100$5,296,762$0$0$2,309,316