Can I retire at age 69 with 924,000?

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 $924,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$76,303$75,623$74,960$74,313$73,681$73,186
2 years$37,774$37,070$36,388$35,727$35,086$34,587
3 years$24,932$24,226$23,546$22,891$22,260$21,772
4 years$18,513$17,809$17,135$16,492$15,876$15,403
5 years$14,662$13,962$13,298$12,667$12,069$11,612
6 years$12,096$11,401$10,747$10,130$9,550$9,110
7 years$10,264$9,575$8,930$8,328$7,766$7,344
8 years$8,890$8,207$7,574$6,987$6,443$6,038
9 years$7,822$7,146$6,523$5,951$5,426$5,038
10 years$6,968$6,299$5,687$5,130$4,623$4,252
11 years$6,270$5,607$5,007$4,464$3,976$3,621
12 years$5,689$5,033$4,443$3,916$3,446$3,107
13 years$5,198$4,548$3,970$3,457$3,005$2,682
14 years$4,777$4,134$3,567$3,069$2,634$2,327
15 years$4,412$3,777$3,221$2,737$2,319$2,027
16 years$4,094$3,465$2,920$2,451$2,050$1,773
17 years$3,813$3,191$2,657$2,202$1,817$1,555
18 years$3,564$2,949$2,425$1,984$1,616$1,367
19 years$3,341$2,733$2,220$1,793$1,440$1,205
20 years$3,140$2,540$2,038$1,624$1,286$1,064
21 years$2,959$2,366$1,874$1,474$1,151$941
22 years$2,795$2,208$1,728$1,340$1,032$834
23 years$2,645$2,065$1,595$1,220$926$739
24 years$2,508$1,935$1,475$1,113$833$657
25 years$2,382$1,816$1,366$1,017$749$584
26 years$2,266$1,707$1,267$929$675$519
27 years$2,159$1,606$1,177$851$608$462
28 years$2,059$1,513$1,094$779$549$412
29 years$1,967$1,428$1,018$715$496$367
30 years$1,881$1,348$948$656$448$328
31 years$1,800$1,275$884$602$405$292
32 years$1,725$1,206$825$554$366$261
33 years$1,655$1,142$770$509$332$233
34 years$1,589$1,083$720$468$300$208
35 years$1,526$1,027$673$431$272$186
36 years$1,468$975$629$397$246$166
37 years$1,412$926$589$366$223$149
38 years$1,360$880$552$337$202$133
39 years$1,310$836$517$311$184$119
40 years$1,263$796$484$287$166$107
41 years$1,219$758$454$265$151$95
42 years$1,176$721$426$244$137$85
43 years$1,136$687$400$225$124$76
44 years$1,098$655$375$208$113$68
45 years$1,061$625$352$192$102$61
46 years$1,027$596$331$178$93$55
47 years$993$569$311$164$84$49
48 years$962$543$292$152$77$44
49 years$931$519$275$140$70$39
50 years$902$495$258$130$63$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $924,000, adding $2,464 every year, while hoping to spend $41,582 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: 44/44/12 Blend
68$924,000$924,000$924,000$924,000
69$1,020,790$971,818$957,496$1,062,082
70$1,080,667$975,194$945,329$1,094,461
71$1,145,259$977,342$931,361$1,125,138
72$1,215,001$978,157$915,487$1,157,464
73$1,290,374$977,530$897,599$1,191,607
74$1,371,906$975,342$877,582$1,227,756
75$1,460,176$971,470$855,317$1,266,118
76$1,555,822$965,780$830,678$1,306,928
77$1,659,546$958,133$803,536$1,350,444
78$1,772,117$948,380$773,752$1,396,955
79$1,894,385$936,363$741,185$1,446,780
80$2,027,282$921,914$705,684$1,500,277
81$2,171,834$904,857$667,094$1,557,843
82$2,329,170$885,004$625,250$1,619,917
83$2,500,533$862,156$579,983$1,686,990
84$2,687,288$836,103$531,114$1,759,605
85$2,890,941$806,622$478,456$1,838,366
86$3,113,148$773,477$421,815$1,923,943
87$3,355,731$736,418$360,987$2,017,079
88$3,620,695$695,183$295,761$2,118,600
89$3,910,251$649,492$225,913$2,229,419
90$4,226,829$599,050$151,214$2,350,552
91$4,573,107$543,544$71,421$2,483,123
92$4,952,032$482,646$0$2,628,377
93$5,366,850$416,006$0$2,789,454
94$5,821,135$343,257$0$2,975,997
95$6,318,824$264,009$0$3,180,582
96$6,864,250$177,853$0$3,405,120
97$7,462,189$84,353$0$3,651,726
98$8,117,898$0$0$3,922,737
99$8,837,168$0$0$4,228,944
100$9,626,378$0$0$4,609,851