Can I retire at age 69 with 938,000?

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 $938,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$77,459$76,769$76,096$75,439$74,797$74,016
2 years$38,346$37,632$36,940$36,269$35,618$34,831
3 years$25,310$24,593$23,903$23,238$22,597$21,830
4 years$18,793$18,078$17,395$16,741$16,117$15,374
5 years$14,884$14,174$13,499$12,859$12,252$11,536
6 years$12,279$11,574$10,909$10,283$9,694$9,006
7 years$10,419$9,720$9,066$8,455$7,884$7,224
8 years$9,025$8,332$7,688$7,092$6,541$5,909
9 years$7,941$7,254$6,622$6,041$5,508$4,904
10 years$7,074$6,394$5,773$5,208$4,693$4,117
11 years$6,365$5,692$5,083$4,532$4,036$3,487
12 years$5,775$5,109$4,511$3,975$3,498$2,975
13 years$5,276$4,617$4,030$3,510$3,050$2,553
14 years$4,849$4,197$3,621$3,115$2,674$2,202
15 years$4,479$3,834$3,269$2,778$2,354$1,907
16 years$4,156$3,518$2,964$2,488$2,081$1,657
17 years$3,871$3,240$2,697$2,235$1,845$1,444
18 years$3,618$2,993$2,462$2,014$1,640$1,262
19 years$3,391$2,774$2,254$1,820$1,462$1,105
20 years$3,188$2,578$2,069$1,649$1,306$969
21 years$3,004$2,401$1,903$1,496$1,169$852
22 years$2,837$2,242$1,754$1,360$1,048$749
23 years$2,685$2,096$1,619$1,239$940$660
24 years$2,546$1,964$1,497$1,130$845$582
25 years$2,418$1,843$1,387$1,032$761$514
26 years$2,300$1,732$1,286$944$685$454
27 years$2,192$1,630$1,194$864$618$401
28 years$2,091$1,536$1,110$791$557$355
29 years$1,997$1,449$1,033$726$503$314
30 years$1,909$1,369$963$666$455$278
31 years$1,828$1,294$897$612$411$247
32 years$1,751$1,224$837$562$372$219
33 years$1,680$1,159$782$517$337$194
34 years$1,613$1,099$730$476$305$172
35 years$1,549$1,042$683$438$276$152
36 years$1,490$989$639$403$250$135
37 years$1,434$940$598$371$227$120
38 years$1,380$893$560$342$205$107
39 years$1,330$849$525$316$186$95
40 years$1,282$808$492$291$169$84
41 years$1,237$769$461$269$153$75
42 years$1,194$732$432$248$139$66
43 years$1,153$698$406$229$126$59
44 years$1,114$665$381$211$115$52
45 years$1,077$634$358$195$104$46
46 years$1,042$605$336$180$94$41
47 years$1,008$577$316$167$86$37
48 years$976$551$297$154$78$33
49 years$945$526$279$142$71$29
50 years$916$503$262$131$64$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $938,000, adding $6,096 every year, while hoping to spend $32,053 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: 44/33/23 Blend
68$938,000$938,000$938,000$938,000
69$1,039,964$990,250$975,711$1,078,552
70$1,111,936$1,004,668$974,293$1,120,881
71$1,190,175$1,018,718$971,754$1,163,151
72$1,275,287$1,032,349$968,021$1,208,328
73$1,367,936$1,045,505$963,020$1,256,695
74$1,468,857$1,058,126$956,672$1,308,571
75$1,578,856$1,070,149$948,896$1,364,305
76$1,698,820$1,081,507$939,605$1,424,282
77$1,829,726$1,092,128$928,709$1,488,932
78$1,972,650$1,101,934$916,112$1,558,725
79$2,128,776$1,110,844$901,717$1,634,184
80$2,299,406$1,118,770$885,420$1,715,887
81$2,485,976$1,125,620$867,111$1,804,471
82$2,690,064$1,131,295$846,679$1,900,640
83$2,913,411$1,135,689$824,003$2,005,175
84$3,157,932$1,138,690$798,960$2,118,935
85$3,425,735$1,140,180$771,419$2,242,870
86$3,719,144$1,140,033$741,245$2,378,032
87$4,040,715$1,138,113$708,296$2,525,581
88$4,393,267$1,134,280$672,423$2,686,797
89$4,779,902$1,128,381$633,471$2,863,097
90$5,204,037$1,120,257$591,277$3,056,042
91$5,669,436$1,109,737$545,672$3,267,360
92$6,180,246$1,096,641$496,479$3,498,957
93$6,741,033$1,080,778$443,513$3,752,935
94$7,356,827$1,061,945$386,580$4,031,620
95$8,033,171$1,039,928$325,478$4,337,575
96$8,776,170$1,014,500$259,997$4,673,633
97$9,592,548$985,420$189,916$5,042,919
98$10,489,715$952,432$115,005$5,448,882
99$11,475,833$915,268$35,025$5,895,330
100$12,559,895$873,643$0$6,386,465