Can I retire at age 69 with 974,000?

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 $974,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$80,432$79,716$79,017$78,334$77,668$74,912
2 years$39,818$39,076$38,358$37,661$36,985$34,238
3 years$26,282$25,537$24,820$24,130$23,465$20,813
4 years$19,515$18,772$18,063$17,384$16,735$14,199
5 years$15,456$14,718$14,017$13,353$12,722$10,307
6 years$12,751$12,018$11,328$10,678$10,066$7,776
7 years$10,819$10,093$9,414$8,779$8,187$6,019
8 years$9,371$8,651$7,984$7,365$6,792$4,746
9 years$8,246$7,533$6,876$6,273$5,720$3,792
10 years$7,346$6,640$5,995$5,407$4,873$3,062
11 years$6,610$5,911$5,278$4,706$4,191$2,492
12 years$5,997$5,305$4,684$4,128$3,632$2,040
13 years$5,479$4,794$4,185$3,644$3,167$1,679
14 years$5,035$4,358$3,760$3,235$2,776$1,387
15 years$4,651$3,981$3,395$2,885$2,445$1,150
16 years$4,315$3,653$3,078$2,583$2,160$955
17 years$4,019$3,364$2,801$2,321$1,916$796
18 years$3,756$3,108$2,557$2,092$1,703$664
19 years$3,521$2,881$2,341$1,890$1,518$555
20 years$3,310$2,677$2,148$1,712$1,356$464
21 years$3,120$2,494$1,976$1,554$1,214$388
22 years$2,946$2,328$1,821$1,413$1,088$326
23 years$2,788$2,177$1,681$1,286$976$273
24 years$2,644$2,040$1,555$1,173$878$229
25 years$2,511$1,914$1,440$1,072$790$192
26 years$2,389$1,799$1,336$980$711$162
27 years$2,276$1,693$1,240$897$641$136
28 years$2,171$1,595$1,153$822$579$114
29 years$2,073$1,505$1,073$753$523$96
30 years$1,983$1,421$999$691$472$81
31 years$1,898$1,344$932$635$427$68
32 years$1,819$1,271$869$584$386$57
33 years$1,744$1,204$812$537$349$48
34 years$1,674$1,141$758$494$316$40
35 years$1,609$1,082$709$455$287$34
36 years$1,547$1,027$663$419$260$29
37 years$1,489$976$621$386$235$24
38 years$1,433$927$581$356$213$20
39 years$1,381$882$545$328$193$17
40 years$1,332$839$511$302$175$14
41 years$1,285$799$479$279$159$12
42 years$1,240$761$449$257$144$10
43 years$1,198$725$421$238$131$9
44 years$1,157$691$396$219$119$7
45 years$1,119$659$371$203$108$6
46 years$1,082$628$349$187$98$5
47 years$1,047$600$328$173$89$4
48 years$1,014$572$308$160$81$4
49 years$982$547$289$148$73$3
50 years$951$522$272$137$67$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $974,000, adding $6,530 every year, while hoping to spend $48,724 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: 55/26/19 Blend
68$974,000$974,000$974,000$974,000
69$1,080,084$1,028,462$1,013,365$1,133,624
70$1,138,410$1,027,014$995,470$1,169,473
71$1,201,053$1,023,863$975,344$1,202,752
72$1,268,401$1,018,873$952,858$1,237,922
73$1,340,881$1,011,901$927,882$1,275,176
74$1,418,962$1,002,795$900,277$1,314,732
75$1,503,158$991,394$869,898$1,356,827
76$1,594,035$977,527$836,595$1,401,730
77$1,692,215$961,014$800,209$1,449,736
78$1,798,380$941,663$760,575$1,501,174
79$1,913,281$919,271$717,521$1,556,411
80$2,037,743$893,622$670,865$1,615,853
81$2,172,673$864,490$620,420$1,679,951
82$2,319,070$831,634$565,987$1,749,205
83$2,478,029$794,798$507,362$1,824,170
84$2,650,759$753,714$444,329$1,905,462
85$2,838,585$708,095$376,664$1,993,764
86$3,042,970$657,641$304,131$2,089,834
87$3,265,520$602,033$226,486$2,194,510
88$3,508,003$540,932$143,474$2,308,721
89$3,772,366$473,984$54,827$2,433,500
90$4,060,749$400,812$0$2,569,985
91$4,375,512$321,018$0$2,727,505
92$4,719,248$234,181$0$2,911,780
93$5,094,814$139,859$0$3,113,294
94$5,505,355$37,582$0$3,333,824
95$5,954,334$0$0$3,575,334
96$6,445,563$0$0$3,860,919
97$6,983,240$0$0$4,185,364
98$7,571,987$0$0$4,540,717
99$8,216,894$0$0$4,930,063
100$8,923,568$0$0$5,356,797