Can I retire at age 69 with 400,000?

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 $400,000?

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%
1 years$33,032$32,737$32,450$32,170$31,897$31,749
2 years$16,352$16,048$15,753$15,466$15,189$15,040
3 years$10,793$10,487$10,193$9,909$9,636$9,491
4 years$8,014$7,709$7,418$7,139$6,873$6,731
5 years$6,347$6,044$5,757$5,484$5,225$5,088
6 years$5,236$4,936$4,652$4,385$4,134$4,002
7 years$4,443$4,145$3,866$3,605$3,362$3,235
8 years$3,849$3,553$3,279$3,024$2,789$2,667
9 years$3,386$3,093$2,824$2,576$2,349$2,232
10 years$3,017$2,727$2,462$2,221$2,001$1,890
11 years$2,714$2,427$2,167$1,933$1,721$1,614
12 years$2,463$2,179$1,924$1,695$1,492$1,389
13 years$2,250$1,969$1,719$1,497$1,301$1,203
14 years$2,068$1,790$1,544$1,329$1,140$1,047
15 years$1,910$1,635$1,394$1,185$1,004$915
16 years$1,772$1,500$1,264$1,061$887$803
17 years$1,651$1,381$1,150$953$787$707
18 years$1,543$1,277$1,050$859$699$624
19 years$1,446$1,183$961$776$623$552
20 years$1,359$1,099$882$703$557$489
21 years$1,281$1,024$811$638$498$434
22 years$1,210$956$748$580$447$386
23 years$1,145$894$690$528$401$344
24 years$1,086$838$639$482$360$306
25 years$1,031$786$591$440$324$273
26 years$981$739$549$402$292$244
27 years$935$695$509$368$263$218
28 years$892$655$474$337$238$195
29 years$852$618$441$309$215$175
30 years$814$584$410$284$194$156
31 years$779$552$383$261$175$140
32 years$747$522$357$240$159$126
33 years$716$494$333$220$144$113
34 years$688$469$311$203$130$101
35 years$661$444$291$187$118$91
36 years$635$422$272$172$107$82
37 years$611$401$255$158$97$73
38 years$589$381$239$146$88$66
39 years$567$362$224$135$79$59
40 years$547$345$210$124$72$53
41 years$528$328$197$115$65$48
42 years$509$312$184$106$59$43
43 years$492$298$173$98$54$39
44 years$475$284$162$90$49$35
45 years$459$270$153$83$44$31
46 years$444$258$143$77$40$28
47 years$430$246$135$71$37$25
48 years$416$235$126$66$33$23
49 years$403$224$119$61$30$20
50 years$391$214$112$56$27$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $400,000, adding $3,974 every year, while hoping to spend $28,602 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: 66/18/16 Blend
68$400,000$400,000$400,000$400,000
69$444,899$423,699$417,499$472,291
70$459,847$414,028$401,053$481,431
71$475,360$402,925$383,097$487,726
72$491,467$390,288$363,551$493,904
73$508,197$376,013$342,331$499,950
74$525,581$359,985$319,347$505,853
75$543,653$342,088$294,508$511,599
76$562,450$322,194$267,718$517,175
77$582,008$300,170$238,875$522,566
78$602,371$275,876$207,875$527,760
79$623,582$249,163$174,608$532,743
80$645,690$219,874$138,960$537,500
81$668,745$187,843$100,810$542,019
82$692,803$152,894$60,033$546,285
83$717,925$114,841$16,500$550,286
84$744,174$73,489$0$554,009
85$771,621$28,631$0$562,558
86$800,341$0$0$574,145
87$830,416$0$0$589,919
88$861,934$0$0$612,400
89$894,992$0$0$635,987
90$929,694$0$0$660,755
91$966,153$0$0$686,786
92$1,004,492$0$0$714,170
93$1,044,845$0$0$743,002
94$1,087,358$0$0$773,389
95$1,132,189$0$0$805,445
96$1,179,512$0$0$839,296
97$1,229,514$0$0$875,079
98$1,282,402$0$0$912,941
99$1,338,400$0$0$953,047
100$1,397,753$0$0$995,573