Can I retire at age 69 with 944,000?

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 $944,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$77,955$77,260$76,583$75,922$75,276$74,151
2 years$38,591$37,873$37,176$36,501$35,846$34,715
3 years$25,472$24,750$24,055$23,386$22,742$21,640
4 years$18,914$18,194$17,506$16,849$16,220$15,156
5 years$14,980$14,264$13,586$12,941$12,330$11,307
6 years$12,358$11,648$10,979$10,349$9,756$8,776
7 years$10,486$9,782$9,124$8,509$7,934$6,996
8 years$9,082$8,385$7,738$7,138$6,582$5,686
9 years$7,992$7,301$6,664$6,080$5,543$4,689
10 years$7,119$6,435$5,810$5,241$4,723$3,910
11 years$6,406$5,729$5,115$4,561$4,062$3,289
12 years$5,812$5,142$4,540$4,001$3,520$2,787
13 years$5,310$4,647$4,056$3,532$3,070$2,374
14 years$4,880$4,224$3,644$3,135$2,691$2,033
15 years$4,508$3,858$3,290$2,796$2,369$1,747
16 years$4,182$3,540$2,983$2,504$2,094$1,507
17 years$3,895$3,260$2,714$2,250$1,857$1,303
18 years$3,641$3,013$2,478$2,027$1,651$1,130
19 years$3,413$2,792$2,268$1,832$1,471$981
20 years$3,208$2,595$2,082$1,659$1,314$854
21 years$3,023$2,417$1,915$1,506$1,176$744
22 years$2,856$2,256$1,765$1,369$1,054$649
23 years$2,703$2,110$1,630$1,247$946$567
24 years$2,562$1,977$1,507$1,137$851$496
25 years$2,434$1,855$1,396$1,039$765$434
26 years$2,315$1,744$1,295$950$689$380
27 years$2,206$1,641$1,202$869$622$333
28 years$2,104$1,546$1,118$796$561$292
29 years$2,010$1,459$1,040$730$506$256
30 years$1,922$1,378$969$670$458$225
31 years$1,839$1,302$903$616$414$197
32 years$1,763$1,232$843$566$374$173
33 years$1,691$1,167$787$520$339$152
34 years$1,623$1,106$735$479$307$134
35 years$1,559$1,049$687$441$278$118
36 years$1,499$996$643$406$252$103
37 years$1,443$946$602$374$228$91
38 years$1,389$899$564$345$207$80
39 years$1,339$855$528$318$188$70
40 years$1,291$813$495$293$170$62
41 years$1,245$774$464$270$154$54
42 years$1,202$737$435$250$140$48
43 years$1,161$702$408$230$127$42
44 years$1,122$669$383$213$115$37
45 years$1,084$638$360$196$105$33
46 years$1,049$609$338$181$95$29
47 years$1,015$581$318$168$86$25
48 years$982$555$298$155$78$22
49 years$951$530$281$143$71$20
50 years$922$506$264$132$65$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $944,000, adding $3,626 every year, while hoping to spend $34,647 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: 77/13/10 Blend
68$944,000$944,000$944,000$944,000
69$1,044,028$993,996$979,364$1,122,338
70$1,113,655$1,005,838$975,309$1,186,199
71$1,189,222$1,017,099$969,956$1,251,406
72$1,271,300$1,027,713$963,227$1,321,909
73$1,360,514$1,037,613$955,036$1,398,223
74$1,457,553$1,046,722$945,297$1,480,913
75$1,563,176$1,054,964$933,916$1,570,602
76$1,678,216$1,062,254$920,799$1,667,977
77$1,803,592$1,068,502$905,843$1,773,793
78$1,940,313$1,073,613$888,944$1,888,884
79$2,089,491$1,077,486$869,990$2,014,168
80$2,252,351$1,080,015$848,866$2,150,658
81$2,430,238$1,081,083$825,451$2,299,469
82$2,624,637$1,080,571$799,618$2,461,828
83$2,837,180$1,078,349$771,235$2,639,092
84$3,069,665$1,074,280$740,164$2,832,751
85$3,324,070$1,068,219$706,258$3,044,452
86$3,602,575$1,060,012$669,368$3,276,006
87$3,907,581$1,049,496$629,335$3,529,413
88$4,241,730$1,036,497$585,994$3,806,873
89$4,607,932$1,020,831$539,171$4,110,814
90$5,009,395$1,002,305$488,686$4,443,912
91$5,449,647$980,712$434,350$4,809,113
92$5,932,577$955,833$375,968$5,209,669
93$6,462,469$927,438$313,332$5,649,161
94$7,044,040$895,282$246,228$6,131,536
95$7,682,487$859,105$174,431$6,661,146
96$8,383,534$818,635$97,708$7,242,787
97$9,153,487$773,581$15,814$7,881,744
98$9,999,293$723,636$0$8,583,845
99$10,928,603$668,477$0$9,363,150
100$11,949,849$607,760$0$10,221,394