Can I retire at age 69 with 397,000?

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 $397,000?

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 years$32,784$32,492$32,207$31,929$31,657$31,524
2 years$16,230$15,927$15,634$15,350$15,075$14,940
3 years$10,712$10,409$10,117$9,835$9,564$9,432
4 years$7,954$7,652$7,362$7,086$6,821$6,693
5 years$6,300$5,999$5,713$5,442$5,185$5,062
6 years$5,197$4,899$4,617$4,352$4,103$3,984
7 years$4,410$4,114$3,837$3,578$3,337$3,222
8 years$3,820$3,526$3,254$3,002$2,768$2,658
9 years$3,361$3,070$2,803$2,557$2,331$2,226
10 years$2,994$2,706$2,443$2,204$1,986$1,885
11 years$2,694$2,409$2,151$1,918$1,708$1,612
12 years$2,444$2,162$1,909$1,682$1,480$1,388
13 years$2,233$1,954$1,706$1,485$1,291$1,203
14 years$2,052$1,776$1,533$1,319$1,132$1,047
15 years$1,896$1,623$1,384$1,176$996$916
16 years$1,759$1,489$1,255$1,053$881$804
17 years$1,638$1,371$1,142$946$781$708
18 years$1,531$1,267$1,042$853$694$626
19 years$1,435$1,174$954$770$619$554
20 years$1,349$1,091$876$698$553$491
21 years$1,272$1,016$805$633$495$436
22 years$1,201$949$742$576$443$388
23 years$1,137$887$685$524$398$346
24 years$1,078$831$634$478$358$309
25 years$1,024$780$587$437$322$276
26 years$974$733$544$399$290$246
27 years$928$690$506$366$261$220
28 years$885$650$470$335$236$197
29 years$845$613$437$307$213$177
30 years$808$579$407$282$192$158
31 years$774$548$380$259$174$142
32 years$741$518$354$238$157$127
33 years$711$491$331$219$142$114
34 years$683$465$309$201$129$103
35 years$656$441$289$185$117$92
36 years$631$419$270$171$106$83
37 years$607$398$253$157$96$75
38 years$584$378$237$145$87$67
39 years$563$359$222$134$79$60
40 years$543$342$208$123$72$54
41 years$524$325$195$114$65$49
42 years$505$310$183$105$59$44
43 years$488$295$172$97$53$39
44 years$472$282$161$89$49$36
45 years$456$268$151$83$44$32
46 years$441$256$142$76$40$29
47 years$427$244$134$70$36$26
48 years$413$233$126$65$33$23
49 years$400$223$118$60$30$21
50 years$388$213$111$56$27$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $397,000, adding $6,512 every year, while hoping to spend $25,321 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: 51/29/20 Blend
68$397,000$397,000$397,000$397,000
69$444,211$423,170$417,017$464,096
70$462,579$416,964$404,045$472,304
71$481,972$409,605$389,791$478,081
72$502,468$401,011$374,183$483,823
73$524,152$391,092$357,150$489,537
74$547,115$379,756$338,615$495,231
75$571,461$366,903$318,498$500,916
76$597,298$352,430$296,716$506,604
77$624,749$336,225$273,183$512,312
78$653,945$318,172$247,806$518,061
79$685,032$298,147$220,492$523,874
80$718,167$276,018$191,141$529,780
81$753,525$251,648$159,649$535,813
82$791,296$224,890$125,909$542,014
83$831,689$195,590$89,807$548,430
84$874,931$163,584$51,225$555,114
85$921,274$128,700$10,041$562,130
86$970,992$90,755$0$569,551
87$1,024,388$49,556$0$584,696
88$1,081,793$4,901$0$603,182
89$1,143,569$0$0$623,002
90$1,210,117$0$0$658,169
91$1,281,875$0$0$697,807
92$1,359,324$0$0$740,622
93$1,442,995$0$0$786,911
94$1,533,467$0$0$837,000
95$1,631,382$0$0$891,248
96$1,737,441$0$0$950,048
97$1,852,417$0$0$1,013,834
98$1,977,160$0$0$1,083,084
99$2,112,605$0$0$1,158,321
100$2,259,779$0$0$1,240,122