Can I retire at age 69 with 972,000?

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 $972,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$80,267$79,552$78,854$78,173$77,509$76,731
2 years$39,736$38,996$38,279$37,583$36,909$36,126
3 years$26,228$25,484$24,769$24,080$23,417$22,652
4 years$19,475$18,734$18,025$17,348$16,701$15,961
5 years$15,424$14,687$13,988$13,325$12,696$11,983
6 years$12,724$11,993$11,305$10,656$10,046$9,360
7 years$10,797$10,072$9,394$8,761$8,170$7,512
8 years$9,352$8,634$7,967$7,349$6,778$6,148
9 years$8,229$7,517$6,862$6,260$5,708$5,106
10 years$7,330$6,626$5,983$5,396$4,863$4,289
11 years$6,596$5,899$5,267$4,696$4,183$3,635
12 years$5,985$5,294$4,674$4,119$3,625$3,103
13 years$5,468$4,785$4,176$3,637$3,161$2,665
14 years$5,025$4,349$3,752$3,228$2,771$2,300
15 years$4,641$3,973$3,388$2,879$2,439$1,993
16 years$4,306$3,645$3,072$2,578$2,156$1,733
17 years$4,011$3,357$2,795$2,316$1,912$1,511
18 years$3,749$3,102$2,551$2,087$1,700$1,322
19 years$3,514$2,875$2,336$1,886$1,515$1,158
20 years$3,304$2,671$2,144$1,708$1,353$1,017
21 years$3,113$2,488$1,972$1,550$1,211$894
22 years$2,940$2,323$1,817$1,410$1,086$787
23 years$2,783$2,172$1,678$1,284$974$694
24 years$2,638$2,035$1,552$1,171$876$612
25 years$2,506$1,910$1,437$1,069$788$541
26 years$2,384$1,795$1,333$978$710$478
27 years$2,271$1,690$1,238$895$640$423
28 years$2,166$1,592$1,151$820$578$375
29 years$2,069$1,502$1,071$752$521$332
30 years$1,979$1,418$997$690$471$294
31 years$1,894$1,341$930$634$426$261
32 years$1,815$1,269$868$582$385$231
33 years$1,741$1,202$810$536$349$205
34 years$1,671$1,139$757$493$316$182
35 years$1,606$1,080$708$454$286$162
36 years$1,544$1,025$662$418$259$144
37 years$1,485$974$620$385$235$128
38 years$1,430$925$580$355$213$113
39 years$1,378$880$544$327$193$101
40 years$1,329$837$510$302$175$89
41 years$1,282$797$478$278$159$80
42 years$1,237$759$448$257$144$71
43 years$1,195$723$421$237$131$63
44 years$1,155$689$395$219$119$56
45 years$1,116$657$371$202$108$50
46 years$1,080$627$348$187$98$44
47 years$1,045$598$327$173$89$39
48 years$1,012$571$307$159$81$35
49 years$980$545$289$147$73$31
50 years$949$521$272$136$67$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $972,000, adding $3,563 every year, while hoping to spend $33,591 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: 51/38/11 Blend
68$972,000$972,000$972,000$972,000
69$1,074,819$1,023,303$1,008,237$1,126,327
70$1,148,710$1,037,705$1,006,273$1,176,302
71$1,229,012$1,051,686$1,003,116$1,226,732
72$1,316,344$1,065,191$998,693$1,280,781
73$1,411,385$1,078,159$992,924$1,338,799
74$1,514,886$1,090,528$985,726$1,401,172
75$1,627,668$1,102,228$977,012$1,468,326
76$1,750,640$1,113,187$966,691$1,540,731
77$1,884,799$1,123,327$954,669$1,618,907
78$2,031,243$1,132,564$940,845$1,703,426
79$2,191,182$1,140,812$925,115$1,794,922
80$2,365,946$1,147,975$907,370$1,894,092
81$2,557,001$1,153,955$887,495$2,001,706
82$2,765,959$1,158,643$865,371$2,118,617
83$2,994,599$1,161,928$840,873$2,245,762
84$3,244,874$1,163,689$813,868$2,384,179
85$3,518,940$1,163,798$784,221$2,535,012
86$3,819,168$1,162,120$751,789$2,699,523
87$4,148,169$1,158,511$716,420$2,879,107
88$4,508,822$1,152,817$677,960$3,075,300
89$4,904,293$1,144,877$636,243$3,289,802
90$5,338,074$1,134,518$591,099$3,524,484
91$5,814,006$1,121,558$542,350$3,781,415
92$6,336,324$1,105,804$489,808$4,062,876
93$6,909,691$1,087,050$433,278$4,371,383
94$7,539,244$1,065,080$372,558$4,709,714
95$8,230,641$1,039,663$307,433$5,080,934
96$8,990,117$1,010,557$237,682$5,488,424
97$9,824,537$977,503$163,073$5,935,914
98$10,741,467$940,228$83,363$6,427,520
99$11,749,241$898,443$0$6,967,783
100$12,857,041$851,844$0$7,561,909