Can I retire at age 69 with 989,000?

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 $989,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$81,671$80,943$80,233$79,541$78,864$76,248
2 years$40,431$39,678$38,948$38,241$37,554$34,944
3 years$26,686$25,930$25,202$24,501$23,826$21,304
4 years$19,815$19,061$18,341$17,652$16,993$14,578
5 years$15,694$14,944$14,233$13,558$12,918$10,616
6 years$12,947$12,203$11,502$10,843$10,221$8,035
7 years$10,986$10,248$9,559$8,914$8,313$6,241
8 years$9,515$8,785$8,106$7,478$6,896$4,938
9 years$8,373$7,649$6,982$6,370$5,808$3,961
10 years$7,459$6,742$6,087$5,491$4,948$3,210
11 years$6,712$6,002$5,359$4,779$4,256$2,622
12 years$6,089$5,387$4,756$4,191$3,688$2,156
13 years$5,563$4,868$4,249$3,700$3,216$1,781
14 years$5,113$4,425$3,818$3,285$2,819$1,478
15 years$4,723$4,042$3,447$2,929$2,482$1,230
16 years$4,382$3,709$3,125$2,623$2,194$1,027
17 years$4,081$3,416$2,844$2,357$1,945$859
18 years$3,814$3,156$2,596$2,124$1,730$720
19 years$3,576$2,925$2,377$1,919$1,542$604
20 years$3,361$2,718$2,181$1,738$1,377$508
21 years$3,168$2,532$2,006$1,577$1,232$427
22 years$2,992$2,363$1,849$1,434$1,104$360
23 years$2,831$2,210$1,707$1,306$991$303
24 years$2,685$2,071$1,579$1,191$891$256
25 years$2,550$1,944$1,462$1,088$802$216
26 years$2,426$1,827$1,356$995$722$182
27 years$2,311$1,719$1,259$911$651$154
28 years$2,204$1,620$1,171$834$588$130
29 years$2,105$1,528$1,090$765$531$110
30 years$2,013$1,443$1,015$702$479$93
31 years$1,927$1,364$946$645$433$78
32 years$1,847$1,291$883$593$392$66
33 years$1,771$1,223$824$545$355$56
34 years$1,700$1,159$770$501$321$47
35 years$1,634$1,099$720$462$291$40
36 years$1,571$1,043$674$425$264$34
37 years$1,511$991$630$392$239$29
38 years$1,455$942$590$361$217$24
39 years$1,402$895$553$333$196$20
40 years$1,352$852$518$307$178$17
41 years$1,304$811$486$283$162$15
42 years$1,259$772$456$261$147$12
43 years$1,216$736$428$241$133$10
44 years$1,175$701$402$223$121$9
45 years$1,136$669$377$206$110$7
46 years$1,099$638$354$190$100$6
47 years$1,063$609$333$176$90$5
48 years$1,029$581$313$162$82$5
49 years$997$555$294$150$75$4
50 years$966$530$276$139$68$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $989,000, adding $6,634 every year, while hoping to spend $45,172 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: 37/49/14 Blend
68$989,000$989,000$989,000$989,000
69$1,096,721$1,044,304$1,028,974$1,132,387
70$1,160,524$1,047,412$1,015,382$1,161,681
71$1,229,321$1,049,159$999,821$1,188,479
72$1,303,573$1,049,429$982,177$1,216,445
73$1,383,788$1,048,102$962,331$1,245,705
74$1,470,524$1,045,048$940,158$1,276,403
75$1,564,393$1,040,131$915,529$1,308,700
76$1,666,068$1,033,205$888,306$1,342,776
77$1,776,291$1,024,116$858,348$1,378,833
78$1,895,875$1,012,700$825,506$1,417,097
79$2,025,717$998,785$789,622$1,457,823
80$2,166,801$982,186$750,536$1,501,294
81$2,320,211$962,710$708,075$1,547,828
82$2,487,140$940,150$662,063$1,597,780
83$2,668,898$914,287$612,312$1,651,544
84$2,866,931$884,892$558,629$1,709,563
85$3,082,825$851,719$500,811$1,772,330
86$3,318,330$814,510$438,644$1,840,395
87$3,575,369$772,991$371,909$1,914,368
88$3,856,062$726,872$300,373$1,994,932
89$4,162,739$675,848$223,794$2,082,845
90$4,497,969$619,594$141,921$2,178,952
91$4,864,576$557,769$54,490$2,284,190
92$5,265,674$490,011$0$2,399,604
93$5,704,688$415,937$0$2,532,150
94$6,185,392$335,144$0$2,686,382
95$6,711,941$247,205$0$2,855,626
96$7,288,911$151,669$0$3,041,516
97$7,921,340$48,062$0$3,245,863
98$8,614,780$0$0$3,470,669
99$9,375,342$0$0$3,752,729
100$10,209,761$0$0$4,090,751