Can I retire at age 69 with 934,000?

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 $934,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$77,129$76,442$75,772$75,117$74,478$72,856
2 years$38,183$37,471$36,782$36,114$35,466$33,839
3 years$25,202$24,488$23,801$23,139$22,501$20,921
4 years$18,713$18,001$17,321$16,670$16,048$14,527
5 years$14,821$14,113$13,442$12,804$12,199$10,742
6 years$12,227$11,525$10,863$10,240$9,653$8,260
7 years$10,375$9,678$9,027$8,419$7,850$6,523
8 years$8,986$8,296$7,656$7,062$6,513$5,249
9 years$7,907$7,223$6,594$6,015$5,485$4,285
10 years$7,044$6,367$5,749$5,185$4,673$3,536
11 years$6,338$5,668$5,061$4,513$4,019$2,943
12 years$5,751$5,087$4,492$3,958$3,483$2,466
13 years$5,254$4,597$4,013$3,495$3,037$2,078
14 years$4,828$4,179$3,606$3,102$2,662$1,759
15 years$4,460$3,818$3,255$2,767$2,344$1,494
16 years$4,138$3,503$2,951$2,477$2,072$1,273
17 years$3,854$3,226$2,686$2,226$1,837$1,088
18 years$3,602$2,981$2,452$2,006$1,633$931
19 years$3,377$2,763$2,244$1,812$1,456$799
20 years$3,174$2,567$2,060$1,641$1,300$686
21 years$2,991$2,391$1,895$1,490$1,164$590
22 years$2,825$2,232$1,746$1,355$1,043$508
23 years$2,674$2,088$1,612$1,234$936$438
24 years$2,535$1,956$1,491$1,125$842$378
25 years$2,408$1,836$1,381$1,028$757$327
26 years$2,291$1,725$1,281$940$682$282
27 years$2,182$1,624$1,189$860$615$244
28 years$2,082$1,530$1,106$788$555$211
29 years$1,988$1,443$1,029$723$501$182
30 years$1,901$1,363$958$663$453$158
31 years$1,820$1,288$894$609$409$137
32 years$1,744$1,219$834$560$370$118
33 years$1,673$1,155$778$515$335$103
34 years$1,606$1,094$727$474$303$89
35 years$1,543$1,038$680$436$275$77
36 years$1,483$985$636$401$249$67
37 years$1,427$936$595$370$226$58
38 years$1,374$889$558$341$205$50
39 years$1,324$846$522$314$186$43
40 years$1,277$804$490$290$168$38
41 years$1,232$766$459$268$153$33
42 years$1,189$729$431$247$139$28
43 years$1,148$695$404$228$126$25
44 years$1,110$662$379$210$114$21
45 years$1,073$632$356$194$104$18
46 years$1,038$603$335$180$94$16
47 years$1,004$575$314$166$85$14
48 years$972$549$295$153$78$12
49 years$941$524$278$142$70$10
50 years$912$501$261$131$64$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $934,000, adding $6,456 every year, while hoping to spend $46,613 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: 78/13/9 Blend
68$934,000$934,000$934,000$934,000
69$1,035,927$986,425$971,948$1,114,774
70$1,091,996$985,164$954,913$1,166,216
71$1,152,222$982,279$935,744$1,215,945
72$1,216,979$977,641$914,322$1,269,126
73$1,286,678$971,114$890,520$1,326,081
74$1,361,773$962,552$864,206$1,387,167
75$1,442,759$951,802$835,242$1,452,776
76$1,530,181$938,701$803,483$1,523,342
77$1,624,638$923,076$768,778$1,599,343
78$1,726,789$904,744$730,970$1,681,304
79$1,837,357$883,512$689,893$1,769,805
80$1,957,138$859,175$645,375$1,865,488
81$2,087,006$831,514$597,235$1,969,057
82$2,227,923$800,301$545,285$2,081,290
83$2,380,947$765,291$489,327$2,203,046
84$2,547,241$726,228$429,158$2,335,270
85$2,728,086$682,840$364,560$2,479,006
86$2,924,889$634,837$295,312$2,635,404
87$3,139,200$581,916$221,177$2,805,733
88$3,372,723$523,756$141,912$2,991,392
89$3,627,336$460,015$57,261$3,193,924
90$3,905,104$390,335$0$3,415,030
91$4,208,298$314,335$0$3,659,763
92$4,539,422$231,615$0$3,933,092
93$4,901,230$141,751$0$4,231,820
94$5,296,754$44,295$0$4,558,493
95$5,729,332$0$0$4,915,917
96$6,202,642$0$0$5,315,942
97$6,720,729$0$0$5,760,778
98$7,288,053$0$0$6,247,920
99$7,909,520$0$0$6,781,586
100$8,590,537$0$0$7,366,421