Can I retire at age 69 with 960,000?

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 $960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$79,276$78,570$77,881$77,208$76,552$74,792
2 years$39,245$38,515$37,806$37,119$36,453$34,690
3 years$25,904$25,170$24,463$23,783$23,127$21,416
4 years$19,234$18,502$17,803$17,134$16,495$14,848
5 years$15,234$14,506$13,816$13,161$12,539$10,962
6 years$12,567$11,845$11,165$10,525$9,922$8,416
7 years$10,664$9,948$9,278$8,653$8,069$6,634
8 years$9,236$8,527$7,869$7,259$6,694$5,330
9 years$8,127$7,424$6,777$6,183$5,637$4,343
10 years$7,240$6,544$5,909$5,330$4,803$3,577
11 years$6,515$5,826$5,202$4,638$4,131$2,972
12 years$5,911$5,229$4,617$4,068$3,580$2,485
13 years$5,400$4,725$4,125$3,592$3,122$2,090
14 years$4,963$4,295$3,706$3,188$2,736$1,765
15 years$4,584$3,924$3,346$2,844$2,409$1,496
16 years$4,253$3,600$3,034$2,546$2,129$1,272
17 years$3,961$3,316$2,760$2,288$1,888$1,085
18 years$3,702$3,064$2,520$2,062$1,679$927
19 years$3,471$2,839$2,307$1,863$1,496$793
20 years$3,263$2,639$2,117$1,687$1,337$680
21 years$3,075$2,458$1,947$1,531$1,196$584
22 years$2,904$2,294$1,795$1,392$1,072$501
23 years$2,748$2,146$1,657$1,268$962$431
24 years$2,606$2,010$1,533$1,156$865$371
25 years$2,475$1,887$1,420$1,056$778$320
26 years$2,354$1,773$1,317$966$701$276
27 years$2,243$1,669$1,223$884$632$238
28 years$2,140$1,572$1,136$810$570$205
29 years$2,044$1,483$1,058$743$515$177
30 years$1,954$1,401$985$682$465$153
31 years$1,871$1,324$918$626$421$132
32 years$1,792$1,253$857$575$381$114
33 years$1,719$1,187$800$529$344$98
34 years$1,650$1,125$748$487$312$85
35 years$1,586$1,067$699$448$282$73
36 years$1,525$1,013$654$413$256$64
37 years$1,467$962$612$380$232$55
38 years$1,413$914$573$350$210$47
39 years$1,361$869$537$323$191$41
40 years$1,312$827$503$298$173$35
41 years$1,266$787$472$275$157$31
42 years$1,222$750$443$254$142$27
43 years$1,180$714$415$234$129$23
44 years$1,141$681$390$216$117$20
45 years$1,103$649$366$200$106$17
46 years$1,067$619$344$185$97$15
47 years$1,032$591$323$170$88$13
48 years$999$564$304$158$80$11
49 years$967$539$285$146$72$10
50 years$937$515$268$135$66$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $960,000, adding $4,183 every year, while hoping to spend $32,842 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: 45/35/20 Blend
68$960,000$960,000$960,000$960,000
69$1,062,235$1,011,355$996,475$1,103,752
70$1,135,639$1,025,968$994,913$1,147,933
71$1,215,430$1,040,196$992,198$1,192,241
72$1,302,224$1,053,985$988,257$1,239,610
73$1,396,700$1,067,280$983,013$1,290,339
74$1,499,604$1,080,017$976,385$1,344,760
75$1,611,759$1,092,133$968,289$1,403,239
76$1,734,068$1,103,557$958,636$1,466,181
77$1,867,527$1,114,215$947,334$1,534,033
78$2,013,230$1,124,028$934,286$1,607,288
79$2,172,385$1,132,911$919,390$1,686,494
80$2,346,319$1,140,774$902,539$1,772,253
81$2,536,493$1,147,521$883,624$1,865,232
82$2,744,516$1,153,051$862,526$1,966,168
83$2,972,161$1,157,254$839,125$2,075,875
84$3,221,378$1,160,016$813,292$2,195,251
85$3,494,316$1,161,215$784,895$2,325,290
86$3,793,341$1,160,719$753,794$2,467,088
87$4,121,058$1,158,391$719,843$2,621,857
88$4,480,338$1,154,084$682,890$2,790,934
89$4,874,341$1,147,642$642,775$2,975,798
90$5,306,548$1,138,901$599,332$3,178,078
91$5,780,793$1,127,684$552,387$3,399,578
92$6,301,300$1,113,807$501,758$3,642,284
93$6,872,721$1,097,072$447,255$3,908,394
94$7,500,180$1,077,270$388,680$4,200,330
95$8,189,324$1,054,182$325,826$4,520,769
96$8,946,370$1,027,571$258,476$4,872,664
97$9,778,169$997,192$186,404$5,259,274
98$10,692,269$962,781$109,375$5,684,197
99$11,696,984$924,061$27,143$6,151,405
100$12,801,474$880,737$0$6,665,278