Can I retire at age 69 with 945,000?

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 $945,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$78,037$77,342$76,664$76,002$75,356$73,986
2 years$38,632$37,913$37,215$36,539$35,884$34,508
3 years$25,499$24,776$24,081$23,411$22,766$21,428
4 years$18,934$18,213$17,525$16,866$16,237$14,947
5 years$14,996$14,279$13,600$12,955$12,343$11,104
6 years$12,371$11,660$10,991$10,360$9,767$8,581
7 years$10,497$9,792$9,133$8,518$7,943$6,810
8 years$9,092$8,394$7,746$7,145$6,589$5,510
9 years$8,000$7,308$6,671$6,086$5,549$4,522
10 years$7,127$6,442$5,816$5,246$4,728$3,752
11 years$6,413$5,735$5,121$4,566$4,066$3,141
12 years$5,818$5,147$4,544$4,005$3,524$2,647
13 years$5,316$4,652$4,060$3,536$3,073$2,244
14 years$4,885$4,228$3,648$3,139$2,694$1,911
15 years$4,513$3,863$3,294$2,799$2,372$1,633
16 years$4,187$3,544$2,986$2,506$2,096$1,401
17 years$3,900$3,264$2,717$2,252$1,859$1,204
18 years$3,645$3,016$2,481$2,029$1,653$1,038
19 years$3,417$2,795$2,271$1,834$1,473$896
20 years$3,212$2,597$2,084$1,661$1,316$775
21 years$3,027$2,419$1,917$1,507$1,177$672
22 years$2,859$2,258$1,767$1,370$1,055$582
23 years$2,705$2,112$1,631$1,248$947$506
24 years$2,565$1,979$1,509$1,138$852$439
25 years$2,436$1,857$1,397$1,040$766$382
26 years$2,318$1,745$1,296$951$690$332
27 years$2,208$1,643$1,203$870$622$290
28 years$2,106$1,548$1,119$797$561$252
29 years$2,012$1,460$1,041$731$507$220
30 years$1,924$1,379$970$671$458$192
31 years$1,841$1,304$904$616$414$167
32 years$1,764$1,233$843$566$375$146
33 years$1,692$1,168$788$521$339$127
34 years$1,625$1,107$736$479$307$111
35 years$1,561$1,050$688$441$278$97
36 years$1,501$997$644$406$252$85
37 years$1,444$947$602$374$228$74
38 years$1,391$900$564$345$207$65
39 years$1,340$855$529$318$188$56
40 years$1,292$814$495$293$170$49
41 years$1,246$775$464$271$154$43
42 years$1,203$738$436$250$140$38
43 years$1,162$703$409$231$127$33
44 years$1,123$670$384$213$115$29
45 years$1,085$639$360$197$105$25
46 years$1,050$610$338$182$95$22
47 years$1,016$582$318$168$86$19
48 years$983$555$299$155$78$17
49 years$952$530$281$143$71$15
50 years$923$507$264$132$65$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $945,000, adding $2,004 every year, while hoping to spend $31,999 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: 64/17/19 Blend
68$945,000$945,000$945,000$945,000
69$1,043,457$993,372$978,725$1,105,099
70$1,115,843$1,008,001$977,465$1,161,401
71$1,194,540$1,022,274$975,091$1,219,070
72$1,280,158$1,036,140$971,531$1,281,316
73$1,373,367$1,049,544$966,711$1,348,590
74$1,474,907$1,062,428$960,552$1,421,387
75$1,585,590$1,074,729$952,973$1,500,251
76$1,706,310$1,086,381$943,888$1,585,787
77$1,838,052$1,097,312$933,206$1,678,657
78$1,981,899$1,107,446$920,834$1,779,593
79$2,139,043$1,116,702$906,673$1,889,404
80$2,310,799$1,124,993$890,620$2,008,980
81$2,498,612$1,132,229$872,567$2,139,303
82$2,704,072$1,138,311$852,400$2,281,455
83$2,928,934$1,143,134$830,002$2,436,632
84$3,175,127$1,146,589$805,248$2,606,151
85$3,444,776$1,148,558$778,010$2,791,463
86$3,740,221$1,148,915$748,151$2,994,172
87$4,064,040$1,147,528$715,531$3,216,043
88$4,419,071$1,144,257$680,001$3,459,025
89$4,808,442$1,138,951$641,406$3,725,265
90$5,235,595$1,131,451$599,585$4,017,132
91$5,704,323$1,121,590$554,369$4,337,239
92$6,218,804$1,109,188$505,581$4,688,465
93$6,783,641$1,094,057$453,036$5,073,987
94$7,403,903$1,075,996$396,543$5,497,306
95$8,085,174$1,054,793$335,900$5,962,284
96$8,833,605$1,030,221$270,896$6,473,178
97$9,655,975$1,002,044$201,313$7,034,682
98$10,559,748$970,008$126,921$7,651,972
99$11,553,151$933,847$47,481$8,330,756
100$12,645,244$893,277$0$9,077,324