Can I retire at age 69 with 379,000?

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 $379,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$31,297$31,019$30,747$30,481$30,222$30,082
2 years$15,494$15,205$14,926$14,654$14,391$14,250
3 years$10,227$9,937$9,658$9,389$9,131$8,992
4 years$7,594$7,305$7,028$6,764$6,512$6,378
5 years$6,014$5,727$5,454$5,196$4,950$4,821
6 years$4,961$4,676$4,408$4,155$3,917$3,792
7 years$4,210$3,927$3,663$3,416$3,186$3,065
8 years$3,646$3,366$3,107$2,866$2,643$2,527
9 years$3,208$2,931$2,676$2,441$2,226$2,115
10 years$2,858$2,584$2,333$2,104$1,896$1,790
11 years$2,572$2,300$2,054$1,831$1,631$1,530
12 years$2,334$2,064$1,823$1,606$1,413$1,316
13 years$2,132$1,866$1,628$1,418$1,232$1,140
14 years$1,959$1,696$1,463$1,259$1,080$992
15 years$1,810$1,549$1,321$1,123$951$867
16 years$1,679$1,421$1,198$1,005$841$761
17 years$1,564$1,309$1,090$903$745$670
18 years$1,462$1,210$995$814$663$591
19 years$1,370$1,121$911$735$591$523
20 years$1,288$1,042$836$666$528$463
21 years$1,214$970$769$605$472$411
22 years$1,146$906$709$550$423$366
23 years$1,085$847$654$501$380$326
24 years$1,029$794$605$457$342$290
25 years$977$745$560$417$307$259
26 years$930$700$520$381$277$231
27 years$886$659$483$349$250$207
28 years$845$621$449$320$225$185
29 years$807$586$418$293$203$166
30 years$771$553$389$269$184$148
31 years$739$523$363$247$166$133
32 years$708$495$338$227$150$119
33 years$679$468$316$209$136$107
34 years$652$444$295$192$123$96
35 years$626$421$276$177$112$86
36 years$602$400$258$163$101$77
37 years$579$380$242$150$92$69
38 years$558$361$226$138$83$62
39 years$537$343$212$128$75$56
40 years$518$326$199$118$68$50
41 years$500$311$186$109$62$45
42 years$483$296$175$100$56$41
43 years$466$282$164$92$51$37
44 years$450$269$154$85$46$33
45 years$435$256$145$79$42$30
46 years$421$244$136$73$38$27
47 years$407$233$128$67$35$24
48 years$394$223$120$62$31$21
49 years$382$213$113$57$29$19
50 years$370$203$106$53$26$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $379,000, adding $6,628 every year, while hoping to spend $32,940 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: 58/37/5 Blend
68$379,000$379,000$379,000$379,000
69$424,495$404,408$398,533$448,337
70$432,745$389,176$376,836$449,885
71$440,733$372,094$353,308$447,232
72$448,398$353,035$327,853$443,508
73$455,669$331,869$300,371$438,613
74$462,470$308,453$270,757$432,437
75$468,715$282,641$238,900$424,862
76$474,308$254,274$204,687$415,761
77$479,142$223,188$167,998$404,994
78$483,096$189,206$128,709$392,411
79$486,040$152,145$86,688$377,848
80$487,824$111,808$41,800$361,128
81$488,285$67,989$0$342,059
82$487,239$20,471$0$320,757
83$484,486$0$0$299,072
84$479,799$0$0$287,146
85$472,930$0$0$282,140
86$463,603$0$0$275,544
87$451,510$0$0$267,161
88$436,314$0$0$256,773
89$417,638$0$0$244,140
90$395,068$0$0$228,996
91$368,142$0$0$211,045
92$336,352$0$0$189,962
93$299,136$0$0$165,387
94$255,870$0$0$136,920
95$205,867$0$0$104,122
96$148,367$0$0$66,505
97$82,529$0$0$23,532
98$7,425$0$0$0
99$0$0$0$0
100$0$0$0$0