Can I retire at age 69 with 414,000?

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 $414,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$34,188$33,883$33,586$33,296$33,013$32,668
2 years$16,925$16,609$16,304$16,008$15,720$15,373
3 years$11,171$10,854$10,550$10,256$9,974$9,635
4 years$8,295$7,979$7,677$7,389$7,113$6,785
5 years$6,569$6,256$5,958$5,676$5,407$5,091
6 years$5,420$5,108$4,815$4,539$4,279$3,975
7 years$4,599$4,290$4,001$3,732$3,480$3,189
8 years$3,983$3,677$3,393$3,130$2,887$2,608
9 years$3,505$3,202$2,923$2,666$2,431$2,165
10 years$3,122$2,822$2,548$2,298$2,071$1,817
11 years$2,809$2,512$2,243$2,000$1,781$1,539
12 years$2,549$2,255$1,991$1,755$1,544$1,313
13 years$2,329$2,038$1,779$1,549$1,346$1,127
14 years$2,140$1,852$1,598$1,375$1,180$972
15 years$1,977$1,692$1,443$1,226$1,039$842
16 years$1,834$1,553$1,308$1,098$918$731
17 years$1,708$1,430$1,190$987$814$637
18 years$1,597$1,321$1,087$889$724$557
19 years$1,497$1,224$995$803$645$488
20 years$1,407$1,138$913$728$576$428
21 years$1,326$1,060$840$660$516$376
22 years$1,252$989$774$600$462$331
23 years$1,185$925$715$547$415$291
24 years$1,124$867$661$499$373$257
25 years$1,067$814$612$455$336$227
26 years$1,015$765$568$416$302$200
27 years$967$720$527$381$273$177
28 years$923$678$490$349$246$157
29 years$881$640$456$320$222$139
30 years$843$604$425$294$201$123
31 years$807$571$396$270$181$109
32 years$773$540$370$248$164$96
33 years$741$512$345$228$149$86
34 years$712$485$322$210$134$76
35 years$684$460$301$193$122$67
36 years$658$437$282$178$110$60
37 years$633$415$264$164$100$53
38 years$609$394$247$151$91$47
39 years$587$375$232$139$82$42
40 years$566$357$217$129$75$37
41 years$546$339$203$119$68$33
42 years$527$323$191$109$61$29
43 years$509$308$179$101$56$26
44 years$492$294$168$93$51$23
45 years$476$280$158$86$46$20
46 years$460$267$148$80$42$18
47 years$445$255$139$74$38$16
48 years$431$243$131$68$34$14
49 years$417$232$123$63$31$13
50 years$404$222$116$58$28$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $414,000, adding $4,908 every year, while hoping to spend $29,755 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: 65/12/23 Blend
68$414,000$414,000$414,000$414,000
69$461,291$439,349$432,932$488,233
70$476,683$429,218$415,776$496,839
71$492,648$417,593$397,048$502,440
72$509,214$404,370$376,664$507,878
73$526,407$389,438$354,536$513,139
74$544,260$372,680$330,572$518,208
75$562,805$353,972$304,677$523,072
76$582,077$333,182$276,750$527,714
77$602,114$310,173$246,685$532,119
78$622,955$284,797$214,375$536,272
79$644,644$256,899$179,704$540,157
80$667,227$226,316$142,553$543,757
81$690,753$192,875$102,798$547,058
82$715,276$156,393$60,308$550,044
83$740,854$116,675$14,948$552,699
84$767,548$73,520$0$555,009
85$795,426$26,710$0$565,170
86$824,559$0$0$579,406
87$855,026$0$0$597,238
88$886,910$0$0$619,597
89$920,304$0$0$643,023
90$955,307$0$0$667,585
91$992,025$0$0$693,361
92$1,030,576$0$0$720,432
93$1,071,087$0$0$748,890
94$1,113,694$0$0$778,832
95$1,158,547$0$0$810,365
96$1,205,810$0$0$843,605
97$1,255,661$0$0$878,680
98$1,308,292$0$0$915,726
99$1,363,915$0$0$954,894
100$1,422,761$0$0$996,350