Can I retire at age 69 with 982,000?

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 $982,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$81,093$80,370$79,666$78,978$78,306$77,650
2 years$40,145$39,397$38,673$37,970$37,289$36,627
3 years$26,497$25,747$25,024$24,328$23,657$23,011
4 years$19,675$18,926$18,211$17,527$16,873$16,247
5 years$15,583$14,839$14,132$13,462$12,826$12,223
6 years$12,855$12,117$11,421$10,766$10,149$9,568
7 years$10,908$10,176$9,491$8,851$8,254$7,696
8 years$9,448$8,722$8,049$7,425$6,847$6,313
9 years$8,313$7,594$6,933$6,325$5,767$5,255
10 years$7,406$6,694$6,044$5,452$4,913$4,425
11 years$6,664$5,959$5,321$4,745$4,226$3,759
12 years$6,046$5,349$4,722$4,162$3,662$3,218
13 years$5,524$4,834$4,219$3,674$3,193$2,770
14 years$5,077$4,394$3,791$3,262$2,799$2,397
15 years$4,689$4,014$3,423$2,909$2,465$2,083
16 years$4,351$3,683$3,103$2,604$2,178$1,816
17 years$4,052$3,392$2,824$2,340$1,931$1,588
18 years$3,787$3,134$2,578$2,109$1,717$1,393
19 years$3,550$2,904$2,360$1,906$1,531$1,224
20 years$3,338$2,699$2,166$1,726$1,367$1,078
21 years$3,145$2,514$1,992$1,566$1,223$950
22 years$2,971$2,347$1,836$1,424$1,097$839
23 years$2,811$2,195$1,695$1,297$984$742
24 years$2,666$2,056$1,568$1,183$885$657
25 years$2,532$1,930$1,452$1,080$796$582
26 years$2,408$1,814$1,347$988$717$517
27 years$2,294$1,707$1,251$904$647$458
28 years$2,189$1,608$1,163$828$583$407
29 years$2,090$1,517$1,082$760$527$362
30 years$1,999$1,433$1,008$697$476$322
31 years$1,913$1,355$939$640$430$286
32 years$1,834$1,282$877$588$389$255
33 years$1,759$1,214$818$541$352$227
34 years$1,688$1,150$765$498$319$202
35 years$1,622$1,091$715$458$289$180
36 years$1,560$1,036$669$422$262$160
37 years$1,501$984$626$389$237$143
38 years$1,445$935$586$358$215$127
39 years$1,392$889$549$331$195$114
40 years$1,343$846$515$305$177$101
41 years$1,295$805$483$281$161$90
42 years$1,250$767$453$260$146$81
43 years$1,207$731$425$240$132$72
44 years$1,167$696$399$221$120$64
45 years$1,128$664$374$204$109$57
46 years$1,091$633$352$189$99$51
47 years$1,056$605$330$174$90$46
48 years$1,022$577$311$161$82$41
49 years$990$551$292$149$74$36
50 years$959$526$274$138$67$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $982,000, adding $5,157 every year, while hoping to spend $26,237 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: 28/48/24 Blend
68$982,000$982,000$982,000$982,000
69$1,087,483$1,035,437$1,020,216$1,109,652
70$1,170,491$1,058,258$1,026,478$1,150,307
71$1,261,086$1,081,317$1,032,069$1,191,311
72$1,360,014$1,104,599$1,036,941$1,234,822
73$1,468,097$1,128,087$1,041,041$1,281,072
74$1,586,240$1,151,760$1,044,313$1,330,316
75$1,715,438$1,175,598$1,046,699$1,382,835
76$1,856,787$1,199,576$1,048,138$1,438,943
77$2,011,495$1,223,671$1,048,565$1,498,981
78$2,180,890$1,247,854$1,047,915$1,563,331
79$2,366,437$1,272,094$1,046,116$1,632,410
80$2,569,747$1,296,360$1,043,094$1,706,682
81$2,792,595$1,320,616$1,038,772$1,786,658
82$3,036,937$1,344,824$1,033,069$1,872,900
83$3,304,926$1,368,942$1,025,898$1,966,033
84$3,598,934$1,392,925$1,017,171$2,066,743
85$3,921,574$1,416,727$1,006,794$2,175,789
86$4,275,722$1,440,294$994,670$2,294,008
87$4,664,549$1,463,572$980,694$2,422,326
88$5,091,546$1,486,500$964,761$2,561,763
89$5,560,561$1,509,016$946,758$2,713,445
90$6,075,830$1,531,049$926,566$2,878,618
91$6,642,021$1,552,527$904,062$3,058,653
92$7,264,277$1,573,371$879,118$3,255,066
93$7,948,264$1,593,496$851,599$3,469,529
94$8,700,222$1,612,813$821,363$3,703,888
95$9,527,029$1,631,225$788,263$3,960,180
96$10,436,261$1,648,631$752,145$4,240,652
97$11,436,266$1,664,919$712,847$4,547,786
98$12,536,239$1,679,974$670,202$4,884,319
99$13,746,314$1,693,671$624,032$5,253,270
100$15,077,654$1,705,878$574,154$5,657,974