Can I retire at age 69 with 397,000?

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 $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%19.6%
1 years$32,784$32,492$32,207$31,929$31,657$30,437
2 years$16,230$15,927$15,634$15,350$15,075$13,860
3 years$10,712$10,409$10,117$9,835$9,564$8,393
4 years$7,954$7,652$7,362$7,086$6,821$5,703
5 years$6,300$5,999$5,713$5,442$5,185$4,122
6 years$5,197$4,899$4,617$4,352$4,103$3,096
7 years$4,410$4,114$3,837$3,578$3,337$2,386
8 years$3,820$3,526$3,254$3,002$2,768$1,872
9 years$3,361$3,070$2,803$2,557$2,331$1,489
10 years$2,994$2,706$2,443$2,204$1,986$1,196
11 years$2,694$2,409$2,151$1,918$1,708$968
12 years$2,444$2,162$1,909$1,682$1,480$788
13 years$2,233$1,954$1,706$1,485$1,291$645
14 years$2,052$1,776$1,533$1,319$1,132$530
15 years$1,896$1,623$1,384$1,176$996$437
16 years$1,759$1,489$1,255$1,053$881$361
17 years$1,638$1,371$1,142$946$781$299
18 years$1,531$1,267$1,042$853$694$248
19 years$1,435$1,174$954$770$619$206
20 years$1,349$1,091$876$698$553$171
21 years$1,272$1,016$805$633$495$142
22 years$1,201$949$742$576$443$119
23 years$1,137$887$685$524$398$99
24 years$1,078$831$634$478$358$82
25 years$1,024$780$587$437$322$69
26 years$974$733$544$399$290$57
27 years$928$690$506$366$261$48
28 years$885$650$470$335$236$40
29 years$845$613$437$307$213$33
30 years$808$579$407$282$192$28
31 years$774$548$380$259$174$23
32 years$741$518$354$238$157$19
33 years$711$491$331$219$142$16
34 years$683$465$309$201$129$14
35 years$656$441$289$185$117$11
36 years$631$419$270$171$106$10
37 years$607$398$253$157$96$8
38 years$584$378$237$145$87$7
39 years$563$359$222$134$79$6
40 years$543$342$208$123$72$5
41 years$524$325$195$114$65$4
42 years$505$310$183$105$59$3
43 years$488$295$172$97$53$3
44 years$472$282$161$89$49$2
45 years$456$268$151$83$44$2
46 years$441$256$142$76$40$2
47 years$427$244$134$70$36$1
48 years$413$233$126$65$33$1
49 years$400$223$118$60$30$1
50 years$388$213$111$56$27$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $397,000, adding $4,738 every year, while hoping to spend $32,823 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: 74/14/12 Blend
68$397,000$397,000$397,000$397,000
69$442,381$421,340$415,187$473,700
70$452,581$407,063$394,172$480,753
71$462,720$390,985$371,353$483,926
72$472,760$372,985$346,635$486,501
73$482,652$352,933$319,919$488,412
74$492,347$330,690$291,100$489,581
75$501,785$306,113$260,071$489,927
76$510,901$279,046$226,717$489,360
77$519,621$249,328$190,921$487,783
78$527,865$216,787$152,559$485,086
79$535,539$181,242$111,501$481,154
80$542,542$142,501$67,615$475,858
81$548,759$100,361$20,757$469,058
82$554,063$54,609$0$460,599
83$558,312$5,019$0$454,061
84$561,347$0$0$448,593
85$562,995$0$0$448,850
86$563,058$0$0$448,578
87$561,321$0$0$446,828
88$557,543$0$0$443,403
89$551,457$0$0$438,086
90$542,767$0$0$430,633
91$531,146$0$0$420,779
92$516,229$0$0$408,225
93$497,613$0$0$392,643
94$474,855$0$0$373,669
95$447,459$0$0$350,901
96$414,880$0$0$323,893
97$376,514$0$0$292,152
98$331,693$0$0$255,132
99$279,679$0$0$212,232
100$219,655$0$0$162,785