Can I retire at age 69 with 389,000?

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 $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%13%
1 years$32,123$31,837$31,558$31,285$31,019$30,632
2 years$15,903$15,606$15,319$15,041$14,771$14,381
3 years$10,496$10,199$9,913$9,637$9,371$8,991
4 years$7,794$7,497$7,214$6,943$6,684$6,316
5 years$6,173$5,878$5,598$5,333$5,081$4,727
6 years$5,092$4,800$4,524$4,265$4,020$3,681
7 years$4,321$4,031$3,760$3,506$3,270$2,944
8 years$3,743$3,455$3,188$2,941$2,712$2,401
9 years$3,293$3,008$2,746$2,505$2,284$1,987
10 years$2,934$2,652$2,394$2,160$1,946$1,663
11 years$2,640$2,361$2,108$1,880$1,674$1,404
12 years$2,395$2,119$1,871$1,649$1,451$1,194
13 years$2,188$1,915$1,671$1,455$1,265$1,022
14 years$2,011$1,741$1,502$1,292$1,109$878
15 years$1,858$1,590$1,356$1,152$976$758
16 years$1,723$1,459$1,229$1,032$863$656
17 years$1,605$1,343$1,119$927$765$570
18 years$1,500$1,241$1,021$835$680$496
19 years$1,406$1,151$935$755$606$433
20 years$1,322$1,069$858$684$542$378
21 years$1,246$996$789$620$485$331
22 years$1,177$930$727$564$434$290
23 years$1,114$869$672$514$390$255
24 years$1,056$815$621$469$351$224
25 years$1,003$764$575$428$315$197
26 years$954$718$533$391$284$173
27 years$909$676$495$358$256$153
28 years$867$637$461$328$231$134
29 years$828$601$429$301$209$118
30 years$792$568$399$276$189$104
31 years$758$537$372$254$170$92
32 years$726$508$347$233$154$81
33 years$697$481$324$214$140$72
34 years$669$456$303$197$126$63
35 years$643$432$283$182$114$56
36 years$618$410$265$167$104$50
37 years$594$390$248$154$94$44
38 years$572$370$232$142$85$39
39 years$552$352$218$131$77$34
40 years$532$335$204$121$70$30
41 years$513$319$191$111$64$27
42 years$495$304$179$103$58$24
43 years$478$289$168$95$52$21
44 years$462$276$158$88$48$18
45 years$447$263$148$81$43$16
46 years$432$251$139$75$39$14
47 years$418$239$131$69$36$13
48 years$405$229$123$64$32$11
49 years$392$218$116$59$29$10
50 years$380$209$109$55$27$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $389,000, adding $2,382 every year, while hoping to spend $25,265 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: 70/6/24 Blend
68$389,000$389,000$389,000$389,000
69$431,135$410,518$404,489$458,542
70$448,229$403,752$391,157$470,413
71$466,220$395,807$376,532$480,233
72$485,172$386,599$360,544$490,380
73$505,157$376,040$343,119$500,884
74$526,251$364,034$324,182$511,779
75$548,537$350,480$303,651$523,104
76$572,108$335,274$281,443$534,903
77$597,064$318,303$257,472$547,224
78$623,512$299,448$231,646$560,120
79$651,574$278,584$203,869$573,653
80$681,378$255,578$174,042$587,890
81$713,067$230,290$142,061$602,906
82$746,798$202,572$107,818$618,786
83$782,741$172,268$71,199$635,623
84$821,082$139,211$32,087$653,522
85$862,027$103,227$0$672,599
86$905,801$64,132$0$695,457
87$952,648$21,730$0$728,695
88$1,002,839$0$0$764,285
89$1,056,670$0$0$804,037
90$1,114,465$0$0$848,271
91$1,176,580$0$0$895,827
92$1,243,408$0$0$947,007
93$1,315,376$0$0$1,002,140
94$1,392,957$0$0$1,061,591
95$1,476,669$0$0$1,125,759
96$1,567,080$0$0$1,195,082
97$1,664,817$0$0$1,270,043
98$1,770,567$0$0$1,351,171
99$1,885,086$0$0$1,439,050
100$2,009,204$0$0$1,534,318