Can I retire at age 69 with 379,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.5%
1 years$31,297$31,019$30,747$30,481$30,222$29,539
2 years$15,494$15,205$14,926$14,654$14,391$13,707
3 years$10,227$9,937$9,658$9,389$9,131$8,466
4 years$7,594$7,305$7,028$6,764$6,512$5,873
5 years$6,014$5,727$5,454$5,196$4,950$4,338
6 years$4,961$4,676$4,408$4,155$3,917$3,332
7 years$4,210$3,927$3,663$3,416$3,186$2,628
8 years$3,646$3,366$3,107$2,866$2,643$2,113
9 years$3,208$2,931$2,676$2,441$2,226$1,723
10 years$2,858$2,584$2,333$2,104$1,896$1,420
11 years$2,572$2,300$2,054$1,831$1,631$1,180
12 years$2,334$2,064$1,823$1,606$1,413$988
13 years$2,132$1,866$1,628$1,418$1,232$831
14 years$1,959$1,696$1,463$1,259$1,080$702
15 years$1,810$1,549$1,321$1,123$951$596
16 years$1,679$1,421$1,198$1,005$841$507
17 years$1,564$1,309$1,090$903$745$433
18 years$1,462$1,210$995$814$663$370
19 years$1,370$1,121$911$735$591$317
20 years$1,288$1,042$836$666$528$272
21 years$1,214$970$769$605$472$233
22 years$1,146$906$709$550$423$201
23 years$1,085$847$654$501$380$173
24 years$1,029$794$605$457$342$149
25 years$977$745$560$417$307$128
26 years$930$700$520$381$277$111
27 years$886$659$483$349$250$95
28 years$845$621$449$320$225$82
29 years$807$586$418$293$203$71
30 years$771$553$389$269$184$62
31 years$739$523$363$247$166$53
32 years$708$495$338$227$150$46
33 years$679$468$316$209$136$40
34 years$652$444$295$192$123$34
35 years$626$421$276$177$112$30
36 years$602$400$258$163$101$26
37 years$579$380$242$150$92$22
38 years$558$361$226$138$83$19
39 years$537$343$212$128$75$17
40 years$518$326$199$118$68$14
41 years$500$311$186$109$62$12
42 years$483$296$175$100$56$11
43 years$466$282$164$92$51$9
44 years$450$269$154$85$46$8
45 years$435$256$145$79$42$7
46 years$421$244$136$73$38$6
47 years$407$233$128$67$35$5
48 years$394$223$120$62$31$5
49 years$382$213$113$57$29$4
50 years$370$203$106$53$26$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $379,000, adding $5,425 every year, while hoping to spend $32,031 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: 42/39/19 Blend
68$379,000$379,000$379,000$379,000
69$423,254$403,167$397,292$438,470
70$432,345$388,841$376,521$435,449
71$441,290$372,740$353,980$428,649
72$450,040$354,743$329,577$420,620
73$458,540$334,721$303,214$411,264
74$466,729$312,541$274,789$400,479
75$474,538$288,058$244,197$388,153
76$481,890$261,122$211,327$374,167
77$488,698$231,572$176,062$358,393
78$494,868$199,241$138,282$340,694
79$500,290$163,950$97,861$320,922
80$504,847$125,511$54,666$298,920
81$508,404$83,724$8,560$274,518
82$510,815$38,379$0$247,532
83$511,913$0$0$226,007
84$511,517$0$0$208,490
85$509,423$0$0$206,631
86$505,406$0$0$203,853
87$499,217$0$0$200,041
88$490,577$0$0$195,065
89$479,179$0$0$188,782
90$464,684$0$0$181,034
91$446,714$0$0$171,644
92$424,853$0$0$160,420
93$398,637$0$0$147,145
94$367,556$0$0$131,583
95$331,046$0$0$113,471
96$288,480$0$0$92,517
97$239,168$0$0$68,402
98$182,346$0$0$40,770
99$117,170$0$0$9,230
100$42,707$0$0$0