Can I retire at age 69 with 389,000?

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 $389,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$32,123$31,837$31,558$31,285$31,019$30,480
2 years$15,903$15,606$15,319$15,041$14,771$14,230
3 years$10,496$10,199$9,913$9,637$9,371$8,845
4 years$7,794$7,497$7,214$6,943$6,684$6,176
5 years$6,173$5,878$5,598$5,333$5,081$4,593
6 years$5,092$4,800$4,524$4,265$4,020$3,553
7 years$4,321$4,031$3,760$3,506$3,270$2,823
8 years$3,743$3,455$3,188$2,941$2,712$2,287
9 years$3,293$3,008$2,746$2,505$2,284$1,879
10 years$2,934$2,652$2,394$2,160$1,946$1,561
11 years$2,640$2,361$2,108$1,880$1,674$1,308
12 years$2,395$2,119$1,871$1,649$1,451$1,104
13 years$2,188$1,915$1,671$1,455$1,265$937
14 years$2,011$1,741$1,502$1,292$1,109$799
15 years$1,858$1,590$1,356$1,152$976$684
16 years$1,723$1,459$1,229$1,032$863$587
17 years$1,605$1,343$1,119$927$765$506
18 years$1,500$1,241$1,021$835$680$437
19 years$1,406$1,151$935$755$606$378
20 years$1,322$1,069$858$684$542$327
21 years$1,246$996$789$620$485$284
22 years$1,177$930$727$564$434$246
23 years$1,114$869$672$514$390$214
24 years$1,056$815$621$469$351$186
25 years$1,003$764$575$428$315$162
26 years$954$718$533$391$284$142
27 years$909$676$495$358$256$123
28 years$867$637$461$328$231$108
29 years$828$601$429$301$209$94
30 years$792$568$399$276$189$82
31 years$758$537$372$254$170$72
32 years$726$508$347$233$154$63
33 years$697$481$324$214$140$55
34 years$669$456$303$197$126$48
35 years$643$432$283$182$114$42
36 years$618$410$265$167$104$37
37 years$594$390$248$154$94$32
38 years$572$370$232$142$85$28
39 years$552$352$218$131$77$25
40 years$532$335$204$121$70$21
41 years$513$319$191$111$64$19
42 years$495$304$179$103$58$16
43 years$478$289$168$95$52$14
44 years$462$276$158$88$48$13
45 years$447$263$148$81$43$11
46 years$432$251$139$75$39$10
47 years$418$239$131$69$36$8
48 years$405$229$123$64$32$7
49 years$392$218$116$59$29$6
50 years$380$209$109$55$27$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $389,000, adding $6,626 every year, while hoping to spend $21,810 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: 60/27/13 Blend
68$389,000$389,000$389,000$389,000
69$435,513$414,896$408,866$459,867
70$456,729$412,020$399,358$474,170
71$479,379$408,272$388,799$486,723
72$503,585$403,587$377,134$499,893
73$529,482$397,894$364,299$513,741
74$557,219$391,120$350,232$528,335
75$586,957$383,187$334,867$543,752
76$618,875$374,012$318,133$560,076
77$653,168$363,506$299,958$577,403
78$690,050$351,577$280,267$595,837
79$729,758$338,127$258,978$615,496
80$772,550$323,052$236,010$636,510
81$818,710$306,241$211,276$659,025
82$868,550$287,578$184,685$683,202
83$922,412$266,940$156,143$709,219
84$980,675$244,197$125,551$737,277
85$1,043,753$219,211$92,805$767,597
86$1,112,100$191,837$57,799$800,423
87$1,186,218$161,921$20,419$836,029
88$1,266,658$129,301$0$874,718
89$1,354,025$93,804$0$919,525
90$1,448,985$55,251$0$971,320
91$1,552,273$13,449$0$1,027,699
92$1,664,694$0$0$1,089,137
93$1,787,135$0$0$1,165,609
94$1,920,574$0$0$1,253,333
95$2,066,085$0$0$1,349,024
96$2,224,850$0$0$1,453,462
97$2,398,173$0$0$1,567,508
98$2,587,486$0$0$1,692,110
99$2,794,366$0$0$1,828,309
100$3,020,552$0$0$1,977,254