Can I retire at age 69 with 361,000?

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 $361,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$29,811$29,546$29,286$29,034$28,787$28,593
2 years$14,758$14,483$14,217$13,958$13,708$13,513
3 years$9,741$9,465$9,199$8,943$8,697$8,506
4 years$7,233$6,958$6,695$6,443$6,203$6,018
5 years$5,728$5,455$5,195$4,949$4,715$4,537
6 years$4,726$4,454$4,199$3,958$3,731$3,559
7 years$4,010$3,741$3,489$3,254$3,034$2,869
8 years$3,473$3,207$2,959$2,730$2,517$2,359
9 years$3,056$2,792$2,549$2,325$2,120$1,968
10 years$2,723$2,461$2,222$2,004$1,806$1,661
11 years$2,450$2,191$1,956$1,744$1,553$1,415
12 years$2,223$1,966$1,736$1,530$1,346$1,214
13 years$2,031$1,777$1,551$1,351$1,174$1,048
14 years$1,866$1,615$1,394$1,199$1,029$909
15 years$1,724$1,476$1,258$1,069$906$792
16 years$1,599$1,354$1,141$957$801$693
17 years$1,490$1,247$1,038$860$710$607
18 years$1,392$1,152$948$775$631$534
19 years$1,305$1,068$867$701$563$471
20 years$1,227$992$796$634$503$416
21 years$1,156$924$732$576$450$368
22 years$1,092$863$675$524$403$326
23 years$1,033$807$623$477$362$289
24 years$980$756$576$435$325$257
25 years$931$709$534$397$293$228
26 years$885$667$495$363$264$203
27 years$843$628$460$332$238$181
28 years$805$591$427$305$214$161
29 years$768$558$398$279$194$144
30 years$735$527$370$256$175$128
31 years$703$498$345$235$158$114
32 years$674$471$322$216$143$102
33 years$646$446$301$199$130$91
34 years$621$423$281$183$117$81
35 years$596$401$263$168$106$73
36 years$573$381$246$155$96$65
37 years$552$362$230$143$87$58
38 years$531$344$215$132$79$52
39 years$512$327$202$122$72$47
40 years$494$311$189$112$65$42
41 years$476$296$177$103$59$37
42 years$460$282$166$95$54$33
43 years$444$269$156$88$49$30
44 years$429$256$147$81$44$27
45 years$415$244$138$75$40$24
46 years$401$233$129$69$36$21
47 years$388$222$121$64$33$19
48 years$376$212$114$59$30$17
49 years$364$203$107$55$27$15
50 years$352$194$101$51$25$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $361,000, adding $5,644 every year, while hoping to spend $26,009 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: 39/35/26 Blend
68$361,000$361,000$361,000$361,000
69$403,644$384,511$378,915$416,087
70$417,142$375,678$363,936$416,819
71$431,145$365,542$347,582$414,779
72$445,678$354,009$329,782$412,066
73$460,765$340,984$310,458$408,637
74$476,435$326,363$289,530$404,443
75$492,716$310,040$266,914$399,434
76$509,640$291,899$242,522$393,560
77$527,240$271,818$216,263$386,764
78$545,552$249,671$188,042$378,991
79$564,615$225,321$157,758$370,179
80$584,470$198,626$125,307$360,267
81$605,161$169,434$90,580$349,189
82$626,737$137,586$53,464$336,876
83$649,249$102,912$13,840$323,256
84$672,752$65,235$0$308,255
85$697,307$24,366$0$299,686
86$722,979$0$0$294,187
87$749,837$0$0$295,530
88$777,958$0$0$306,774
89$807,424$0$0$318,569
90$838,324$0$0$330,953
91$870,755$0$0$343,967
92$904,821$0$0$357,655
93$940,638$0$0$372,065
94$978,330$0$0$387,249
95$1,018,031$0$0$403,265
96$1,059,888$0$0$420,176
97$1,104,063$0$0$438,048
98$1,150,730$0$0$456,956
99$1,200,079$0$0$476,981
100$1,252,319$0$0$498,210