Can I retire at age 69 with 416,000?

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 $416,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$34,353$34,047$33,748$33,457$33,172$32,950
2 years$17,006$16,690$16,383$16,085$15,796$15,572
3 years$11,225$10,907$10,601$10,306$10,022$9,802
4 years$8,335$8,018$7,715$7,425$7,148$6,935
5 years$6,601$6,286$5,987$5,703$5,434$5,228
6 years$5,446$5,133$4,838$4,561$4,299$4,101
7 years$4,621$4,311$4,021$3,750$3,497$3,306
8 years$4,002$3,695$3,410$3,145$2,901$2,718
9 years$3,522$3,217$2,937$2,679$2,443$2,268
10 years$3,137$2,836$2,560$2,310$2,081$1,914
11 years$2,823$2,525$2,254$2,010$1,790$1,630
12 years$2,561$2,266$2,001$1,763$1,551$1,399
13 years$2,340$2,048$1,787$1,556$1,353$1,208
14 years$2,151$1,861$1,606$1,382$1,186$1,048
15 years$1,986$1,700$1,450$1,232$1,044$913
16 years$1,843$1,560$1,315$1,103$923$798
17 years$1,717$1,437$1,196$991$818$700
18 years$1,604$1,328$1,092$893$727$615
19 years$1,504$1,230$1,000$807$648$542
20 years$1,414$1,143$917$731$579$479
21 years$1,332$1,065$844$664$518$424
22 years$1,258$994$778$603$465$375
23 years$1,191$930$718$549$417$333
24 years$1,129$871$664$501$375$296
25 years$1,073$818$615$458$337$263
26 years$1,020$768$570$418$304$234
27 years$972$723$530$383$274$208
28 years$927$681$492$351$247$185
29 years$886$643$458$322$223$165
30 years$847$607$427$295$202$148
31 years$811$574$398$271$182$132
32 years$777$543$371$249$165$118
33 years$745$514$347$229$149$105
34 years$715$487$324$211$135$94
35 years$687$462$303$194$122$84
36 years$661$439$283$179$111$75
37 years$636$417$265$165$101$67
38 years$612$396$248$152$91$60
39 years$590$377$233$140$83$54
40 years$569$358$218$129$75$48
41 years$549$341$204$119$68$43
42 years$530$325$192$110$62$38
43 years$512$309$180$102$56$34
44 years$494$295$169$94$51$31
45 years$478$281$159$87$46$28
46 years$462$268$149$80$42$25
47 years$447$256$140$74$38$22
48 years$433$244$132$68$35$20
49 years$419$233$124$63$31$18
50 years$406$223$116$58$29$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $416,000, adding $3,568 every year, while hoping to spend $39,128 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: 61/23/16 Blend
68$416,000$416,000$416,000$416,000
69$462,112$440,064$433,616$488,228
70$467,616$419,996$406,511$486,176
71$472,370$397,632$377,185$479,230
72$476,255$372,820$345,525$470,727
73$479,142$345,397$311,409$460,520
74$480,884$315,191$274,711$448,448
75$481,319$282,020$235,298$434,337
76$480,267$245,692$193,034$417,997
77$477,528$206,005$147,774$399,221
78$472,880$162,744$99,369$377,783
79$466,077$115,682$47,662$353,438
80$456,847$64,580$0$325,917
81$444,887$9,187$0$296,213
82$429,863$0$0$271,489
83$411,404$0$0$256,131
84$389,099$0$0$240,494
85$362,494$0$0$221,947
86$331,088$0$0$200,150
87$294,324$0$0$174,731
88$251,589$0$0$145,275
89$202,202$0$0$111,325
90$145,414$0$0$72,376
91$80,396$0$0$27,870
92$6,230$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0