Can I retire at age 69 with 949,000?

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 $949,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$78,368$77,669$76,988$76,324$75,675$74,698
2 years$38,796$38,073$37,373$36,694$36,036$35,053
3 years$25,607$24,881$24,183$23,510$22,862$21,905
4 years$19,014$18,290$17,599$16,938$16,306$15,380
5 years$15,059$14,340$13,657$13,010$12,395$11,504
6 years$12,423$11,710$11,037$10,404$9,808$8,953
7 years$10,541$9,834$9,172$8,554$7,977$7,157
8 years$9,131$8,429$7,779$7,176$6,617$5,834
9 years$8,034$7,339$6,700$6,112$5,573$4,825
10 years$7,157$6,469$5,841$5,269$4,748$4,036
11 years$6,440$5,759$5,142$4,585$4,084$3,406
12 years$5,843$5,169$4,564$4,022$3,539$2,894
13 years$5,338$4,671$4,077$3,551$3,086$2,474
14 years$4,906$4,246$3,663$3,152$2,705$2,126
15 years$4,532$3,879$3,308$2,811$2,382$1,833
16 years$4,204$3,559$2,999$2,517$2,105$1,586
17 years$3,916$3,278$2,729$2,261$1,866$1,377
18 years$3,660$3,029$2,491$2,038$1,660$1,198
19 years$3,431$2,807$2,280$1,842$1,479$1,044
20 years$3,225$2,608$2,093$1,668$1,321$912
21 years$3,039$2,430$1,925$1,514$1,182$798
22 years$2,871$2,268$1,774$1,376$1,060$699
23 years$2,717$2,121$1,638$1,253$951$613
24 years$2,576$1,987$1,515$1,143$855$538
25 years$2,447$1,865$1,403$1,044$769$473
26 years$2,327$1,753$1,301$955$693$416
27 years$2,217$1,650$1,209$874$625$366
28 years$2,115$1,554$1,123$801$564$322
29 years$2,020$1,466$1,045$734$509$284
30 years$1,932$1,385$974$674$460$250
31 years$1,849$1,309$908$619$416$220
32 years$1,772$1,239$847$569$376$194
33 years$1,700$1,173$791$523$340$171
34 years$1,632$1,112$739$481$308$151
35 years$1,568$1,055$691$443$279$133
36 years$1,507$1,001$646$408$253$118
37 years$1,450$951$605$376$229$104
38 years$1,397$903$566$346$208$92
39 years$1,346$859$531$319$189$81
40 years$1,297$817$497$295$171$72
41 years$1,252$778$466$272$155$63
42 years$1,208$741$438$251$141$56
43 years$1,167$706$411$232$128$49
44 years$1,128$673$385$214$116$44
45 years$1,090$642$362$197$105$39
46 years$1,054$612$340$182$96$34
47 years$1,020$584$319$169$87$30
48 years$988$558$300$156$79$27
49 years$956$533$282$144$72$24
50 years$927$509$265$133$65$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $949,000, adding $6,231 every year, while hoping to spend $35,193 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: 50/25/25 Blend
68$949,000$949,000$949,000$949,000
69$1,052,225$1,001,928$987,219$1,097,144
70$1,122,107$1,013,578$982,846$1,140,717
71$1,197,938$1,024,618$977,146$1,184,006
72$1,280,286$1,034,983$970,039$1,230,349
73$1,369,779$1,044,601$961,439$1,280,050
74$1,467,105$1,053,396$951,257$1,333,445
75$1,573,024$1,061,286$939,398$1,390,907
76$1,688,369$1,068,186$925,764$1,452,848
77$1,814,058$1,074,003$910,253$1,519,722
78$1,951,103$1,078,639$892,757$1,592,034
79$2,100,614$1,081,991$873,163$1,670,339
80$2,263,815$1,083,948$851,353$1,755,253
81$2,442,055$1,084,392$827,204$1,847,456
82$2,636,817$1,083,199$800,587$1,947,698
83$2,849,733$1,080,236$771,367$2,056,810
84$3,082,600$1,075,363$739,403$2,175,710
85$3,337,400$1,068,430$704,548$2,305,411
86$3,616,311$1,059,279$666,646$2,447,033
87$3,921,733$1,047,743$625,537$2,601,813
88$4,256,311$1,033,642$581,053$2,771,117
89$4,622,953$1,016,790$533,018$2,956,454
90$5,024,867$996,985$481,246$3,159,490
91$5,465,583$974,017$425,548$3,382,067
92$5,948,990$947,661$365,721$3,626,217
93$6,479,370$917,680$301,556$3,894,182
94$7,061,442$883,823$232,834$4,188,442
95$7,700,403$845,823$159,328$4,511,729
96$8,401,976$803,401$80,797$4,867,064
97$9,172,469$756,258$0$5,257,779
98$10,018,826$704,080$0$5,688,353
99$10,948,700$646,535$0$6,185,098
100$11,970,523$583,270$0$6,730,990