Can I retire at age 69 with 976,000?

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 $976,000?

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 years$80,597$79,879$79,179$78,495$77,828$76,855
2 years$39,900$39,156$38,436$37,738$37,061$36,082
3 years$26,336$25,589$24,871$24,179$23,513$22,559
4 years$19,555$18,811$18,100$17,420$16,770$15,847
5 years$15,487$14,748$14,046$13,380$12,748$11,860
6 years$12,777$12,043$11,351$10,700$10,087$9,234
7 years$10,841$10,113$9,433$8,797$8,203$7,387
8 years$9,390$8,669$8,000$7,380$6,806$6,024
9 years$8,262$7,548$6,890$6,286$5,731$4,986
10 years$7,361$6,653$6,007$5,418$4,883$4,172
11 years$6,623$5,923$5,289$4,716$4,200$3,523
12 years$6,009$5,316$4,693$4,136$3,639$2,996
13 years$5,490$4,804$4,193$3,652$3,174$2,563
14 years$5,046$4,367$3,768$3,242$2,782$2,203
15 years$4,661$3,989$3,402$2,891$2,450$1,902
16 years$4,324$3,660$3,084$2,589$2,165$1,647
17 years$4,027$3,371$2,806$2,326$1,920$1,430
18 years$3,764$3,115$2,562$2,096$1,707$1,245
19 years$3,529$2,887$2,345$1,894$1,521$1,086
20 years$3,317$2,682$2,152$1,715$1,359$949
21 years$3,126$2,499$1,980$1,557$1,216$831
22 years$2,952$2,332$1,825$1,415$1,090$729
23 years$2,794$2,181$1,685$1,289$978$639
24 years$2,649$2,044$1,558$1,176$879$562
25 years$2,516$1,918$1,443$1,074$791$494
26 years$2,394$1,803$1,338$982$713$435
27 years$2,280$1,697$1,243$899$643$383
28 years$2,175$1,599$1,155$823$580$337
29 years$2,078$1,508$1,075$755$524$297
30 years$1,987$1,424$1,002$693$473$262
31 years$1,902$1,346$934$636$428$231
32 years$1,822$1,274$871$585$387$204
33 years$1,748$1,206$813$538$350$180
34 years$1,678$1,143$760$495$317$159
35 years$1,612$1,085$711$456$287$141
36 years$1,550$1,029$665$420$260$124
37 years$1,492$978$622$387$236$110
38 years$1,436$929$583$356$214$97
39 years$1,384$884$546$329$194$86
40 years$1,334$841$512$303$176$76
41 years$1,287$800$480$280$160$67
42 years$1,243$762$450$258$145$59
43 years$1,200$726$422$238$131$52
44 years$1,160$692$396$220$119$46
45 years$1,121$660$372$203$108$41
46 years$1,084$630$350$188$98$36
47 years$1,049$601$328$173$89$32
48 years$1,016$574$309$160$81$28
49 years$984$548$290$148$74$25
50 years$953$523$273$137$67$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $976,000, adding $4,779 every year, while hoping to spend $35,369 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: 37/39/24 Blend
68$976,000$976,000$976,000$976,000
69$1,080,482$1,028,754$1,013,626$1,112,529
70$1,153,058$1,041,530$1,009,950$1,149,198
71$1,231,853$1,053,747$1,004,965$1,185,165
72$1,317,461$1,065,340$998,591$1,223,312
73$1,410,540$1,076,240$990,742$1,263,858
74$1,511,812$1,086,373$981,329$1,307,046
75$1,622,073$1,095,661$970,259$1,353,144
76$1,742,195$1,104,019$957,433$1,402,451
77$1,873,142$1,111,359$942,751$1,455,297
78$2,015,973$1,117,586$926,103$1,512,048
79$2,171,853$1,122,599$907,378$1,573,112
80$2,342,066$1,126,290$886,459$1,638,938
81$2,528,024$1,128,546$863,223$1,710,024
82$2,731,282$1,129,244$837,541$1,786,925
83$2,953,553$1,128,258$809,279$1,870,251
84$3,196,722$1,125,448$778,296$1,960,682
85$3,462,864$1,120,671$744,445$2,058,966
86$3,754,264$1,113,773$707,573$2,165,937
87$4,073,441$1,104,589$667,518$2,282,512
88$4,423,165$1,092,947$624,113$2,409,709
89$4,806,489$1,078,663$577,182$2,548,656
90$5,226,775$1,061,542$526,542$2,700,597
91$5,687,727$1,041,378$472,002$2,866,911
92$6,193,421$1,017,952$413,360$3,049,121
93$6,748,352$991,033$350,409$3,248,913
94$7,357,466$960,376$282,930$3,468,151
95$8,026,214$925,721$210,695$3,708,893
96$8,760,601$886,794$133,466$3,973,418
97$9,567,240$843,305$50,995$4,264,241
98$10,453,418$794,946$0$4,584,144
99$11,427,160$741,393$0$4,945,679
100$12,497,311$682,301$0$5,357,314