Can I retire at age 69 with 965,000?

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 $965,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$79,689$78,979$78,286$77,610$76,950$74,999
2 years$39,450$38,715$38,003$37,313$36,643$34,690
3 years$26,039$25,301$24,591$23,907$23,248$21,354
4 years$19,334$18,599$17,896$17,223$16,581$14,760
5 years$15,313$14,582$13,888$13,229$12,604$10,863
6 years$12,633$11,907$11,223$10,580$9,973$8,312
7 years$10,719$9,999$9,327$8,698$8,111$6,530
8 years$9,285$8,571$7,910$7,297$6,729$5,228
9 years$8,169$7,463$6,813$6,215$5,667$4,245
10 years$7,278$6,578$5,939$5,357$4,828$3,483
11 years$6,549$5,856$5,229$4,663$4,152$2,882
12 years$5,942$5,256$4,641$4,090$3,598$2,401
13 years$5,428$4,750$4,146$3,611$3,138$2,011
14 years$4,989$4,318$3,725$3,205$2,751$1,692
15 years$4,608$3,944$3,363$2,858$2,422$1,428
16 years$4,275$3,619$3,049$2,559$2,141$1,209
17 years$3,982$3,333$2,775$2,300$1,898$1,026
18 years$3,722$3,080$2,533$2,072$1,688$873
19 years$3,489$2,854$2,319$1,873$1,504$744
20 years$3,280$2,652$2,128$1,696$1,344$635
21 years$3,091$2,470$1,958$1,539$1,202$542
22 years$2,919$2,306$1,804$1,399$1,078$464
23 years$2,763$2,157$1,666$1,275$967$397
24 years$2,619$2,021$1,541$1,162$870$340
25 years$2,488$1,896$1,427$1,062$782$292
26 years$2,367$1,782$1,323$971$705$250
27 years$2,255$1,677$1,229$888$635$215
28 years$2,151$1,581$1,142$814$573$184
29 years$2,054$1,491$1,063$746$518$158
30 years$1,964$1,408$990$685$468$136
31 years$1,880$1,331$923$629$423$117
32 years$1,802$1,260$861$578$383$100
33 years$1,728$1,193$804$532$346$86
34 years$1,659$1,131$751$489$313$74
35 years$1,594$1,072$703$450$284$64
36 years$1,533$1,018$657$415$257$55
37 years$1,475$967$615$382$233$47
38 years$1,420$919$576$352$211$41
39 years$1,368$874$540$325$192$35
40 years$1,319$831$506$300$174$30
41 years$1,273$791$474$276$158$26
42 years$1,229$753$445$255$143$22
43 years$1,187$718$418$235$130$19
44 years$1,147$684$392$217$118$16
45 years$1,108$653$368$201$107$14
46 years$1,072$623$346$185$97$12
47 years$1,037$594$325$171$88$10
48 years$1,004$567$305$158$80$9
49 years$973$542$287$146$73$8
50 years$942$517$270$135$66$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $965,000, adding $4,978 every year, while hoping to spend $57,131 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: 39/43/18 Blend
68$965,000$965,000$965,000$965,000
69$1,068,565$1,017,420$1,002,462$1,104,320
70$1,116,771$1,006,486$975,258$1,119,455
71$1,167,980$993,103$945,227$1,129,968
72$1,222,438$977,088$912,216$1,140,139
73$1,280,412$958,251$876,061$1,149,969
74$1,342,198$936,390$836,593$1,159,461
75$1,408,119$911,289$793,636$1,168,624
76$1,478,528$882,723$747,003$1,177,474
77$1,553,812$850,451$696,502$1,186,032
78$1,634,396$814,218$641,930$1,194,329
79$1,720,746$773,756$583,076$1,202,404
80$1,813,372$728,780$519,719$1,210,309
81$1,912,835$678,989$451,628$1,218,104
82$2,019,750$624,065$378,563$1,225,868
83$2,134,792$563,672$300,273$1,233,690
84$2,258,702$497,454$216,494$1,241,682
85$2,392,296$425,035$126,952$1,249,972
86$2,536,467$346,018$31,362$1,258,713
87$2,692,198$259,985$0$1,268,083
88$2,860,570$166,492$0$1,291,858
89$3,042,770$65,072$0$1,324,017
90$3,240,102$0$0$1,358,869
91$3,454,002$0$0$1,417,978
92$3,686,046$0$0$1,515,612
93$3,937,972$0$0$1,621,725
94$4,211,685$0$0$1,737,133
95$4,509,287$0$0$1,862,738
96$4,833,087$0$0$1,999,530
97$5,185,625$0$0$2,148,598
98$5,569,699$0$0$2,311,143
99$5,988,385$0$0$2,488,484
100$6,445,070$0$0$2,682,074