Can I retire at age 69 with 999,000?

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 $999,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$82,496$81,762$81,045$80,345$79,662$76,561
2 years$40,840$40,079$39,342$38,627$37,934$34,848
3 years$26,956$26,192$25,457$24,749$24,067$21,092
4 years$20,016$19,254$18,526$17,830$17,165$14,324
5 years$15,852$15,095$14,377$13,695$13,048$10,349
6 years$13,078$12,327$11,619$10,952$10,325$7,769
7 years$11,097$10,352$9,655$9,004$8,397$5,983
8 years$9,612$8,873$8,188$7,554$6,966$4,692
9 years$8,457$7,726$7,053$6,434$5,866$3,729
10 years$7,534$6,810$6,149$5,546$4,998$2,993
11 years$6,779$6,063$5,413$4,827$4,299$2,422
12 years$6,151$5,441$4,804$4,234$3,725$1,971
13 years$5,620$4,917$4,292$3,738$3,248$1,612
14 years$5,164$4,470$3,857$3,318$2,848$1,323
15 years$4,770$4,083$3,482$2,959$2,507$1,090
16 years$4,426$3,746$3,157$2,650$2,216$900
17 years$4,122$3,450$2,873$2,381$1,965$744
18 years$3,853$3,188$2,622$2,145$1,747$617
19 years$3,612$2,955$2,401$1,939$1,557$512
20 years$3,395$2,746$2,203$1,756$1,391$425
21 years$3,200$2,558$2,026$1,593$1,245$354
22 years$3,022$2,387$1,868$1,449$1,116$294
23 years$2,860$2,233$1,725$1,319$1,001$245
24 years$2,712$2,092$1,595$1,203$900$204
25 years$2,576$1,963$1,477$1,099$810$170
26 years$2,450$1,845$1,370$1,005$730$142
27 years$2,334$1,736$1,272$920$658$118
28 years$2,227$1,636$1,183$843$594$99
29 years$2,127$1,544$1,101$773$536$82
30 years$2,034$1,458$1,025$709$484$69
31 years$1,947$1,378$956$651$438$57
32 years$1,865$1,304$892$599$396$48
33 years$1,789$1,235$833$550$358$40
34 years$1,717$1,170$778$507$325$33
35 years$1,650$1,110$727$466$294$28
36 years$1,587$1,054$680$429$266$23
37 years$1,527$1,001$637$396$241$19
38 years$1,470$951$596$365$219$16
39 years$1,417$904$559$336$198$14
40 years$1,366$860$524$310$180$11
41 years$1,318$819$491$286$163$9
42 years$1,272$780$461$264$148$8
43 years$1,228$743$432$244$134$7
44 years$1,187$708$406$225$122$6
45 years$1,147$676$381$208$111$5
46 years$1,110$644$358$192$101$4
47 years$1,074$615$336$177$91$3
48 years$1,040$587$316$164$83$3
49 years$1,007$561$297$151$75$2
50 years$975$536$279$140$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $999,000, adding $5,059 every year, while hoping to spend $26,739 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: 45/44/11 Blend
68$999,000$999,000$999,000$999,000
69$1,106,116$1,053,169$1,037,685$1,152,222
70$1,190,490$1,076,325$1,043,997$1,207,863
71$1,282,574$1,099,718$1,049,625$1,265,029
72$1,383,126$1,123,334$1,054,517$1,326,414
73$1,492,980$1,147,153$1,058,619$1,392,419
74$1,613,057$1,171,156$1,061,875$1,463,484
75$1,744,366$1,195,320$1,064,225$1,540,093
76$1,888,023$1,219,622$1,065,608$1,622,781
77$2,045,253$1,244,035$1,065,957$1,712,136
78$2,217,407$1,268,531$1,065,205$1,808,807
79$2,405,972$1,293,079$1,063,279$1,913,510
80$2,612,586$1,317,645$1,060,104$2,027,031
81$2,839,053$1,342,192$1,055,601$2,150,241
82$3,087,358$1,366,682$1,049,686$2,284,097
83$3,359,691$1,391,071$1,042,272$2,429,654
84$3,658,461$1,415,315$1,033,269$2,588,075
85$3,986,321$1,439,363$1,022,581$2,760,644
86$4,346,196$1,463,162$1,010,108$2,948,775
87$4,741,307$1,486,655$995,746$3,154,025
88$5,175,200$1,509,782$979,383$3,378,115
89$5,651,785$1,532,475$960,906$3,622,939
90$6,175,365$1,554,665$940,195$3,890,584
91$6,750,684$1,576,275$917,124$4,183,356
92$7,382,967$1,597,226$891,561$4,503,791
93$8,077,970$1,617,430$863,368$4,854,689
94$8,842,034$1,636,796$832,402$5,239,137
95$9,682,147$1,655,223$798,512$5,660,535
96$10,606,004$1,672,608$761,542$6,122,636
97$11,622,089$1,688,838$721,325$6,629,574
98$12,739,743$1,703,792$677,690$7,185,907
99$13,969,262$1,717,343$630,458$7,796,663
100$15,321,989$1,729,356$579,441$8,467,382