Can I retire at age 69 with 440,000?

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 $440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$36,335$36,011$35,695$35,387$35,086$34,576
2 years$17,988$17,653$17,328$17,013$16,708$16,195
3 years$11,873$11,536$11,212$10,900$10,600$10,100
4 years$8,816$8,480$8,160$7,853$7,560$7,078
5 years$6,982$6,649$6,332$6,032$5,747$5,283
6 years$5,760$5,429$5,117$4,824$4,547$4,102
7 years$4,887$4,559$4,253$3,966$3,698$3,272
8 years$4,233$3,908$3,607$3,327$3,068$2,661
9 years$3,725$3,403$3,106$2,834$2,584$2,196
10 years$3,318$2,999$2,708$2,443$2,201$1,832
11 years$2,986$2,670$2,384$2,126$1,893$1,542
12 years$2,709$2,397$2,116$1,865$1,641$1,307
13 years$2,475$2,166$1,890$1,646$1,431$1,115
14 years$2,275$1,969$1,699$1,461$1,254$955
15 years$2,101$1,798$1,534$1,303$1,104$821
16 years$1,949$1,650$1,390$1,167$976$709
17 years$1,816$1,520$1,265$1,049$865$613
18 years$1,697$1,404$1,155$945$769$532
19 years$1,591$1,301$1,057$854$686$463
20 years$1,495$1,209$970$773$613$403
21 years$1,409$1,126$893$702$548$351
22 years$1,331$1,051$823$638$491$307
23 years$1,260$983$760$581$441$268
24 years$1,194$921$702$530$396$235
25 years$1,134$865$651$484$357$206
26 years$1,079$813$603$443$321$180
27 years$1,028$765$560$405$290$158
28 years$981$721$521$371$261$139
29 years$937$680$485$340$236$122
30 years$896$642$452$312$213$107
31 years$857$607$421$287$193$94
32 years$822$574$393$264$174$83
33 years$788$544$367$242$158$73
34 years$756$515$343$223$143$64
35 years$727$489$320$205$129$56
36 years$699$464$300$189$117$49
37 years$672$441$280$174$106$43
38 years$648$419$263$161$96$38
39 years$624$398$246$148$87$34
40 years$602$379$231$137$79$30
41 years$580$361$216$126$72$26
42 years$560$344$203$116$65$23
43 years$541$327$190$107$59$20
44 years$523$312$179$99$54$18
45 years$505$298$168$92$49$16
46 years$489$284$158$85$44$14
47 years$473$271$148$78$40$12
48 years$458$259$139$72$37$11
49 years$443$247$131$67$33$9
50 years$430$236$123$62$30$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $440,000, adding $5,419 every year, while hoping to spend $36,287 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: 44/39/17 Blend
68$440,000$440,000$440,000$440,000
69$490,470$467,150$460,330$509,423
70$501,889$451,431$437,142$507,535
71$513,256$433,726$411,961$501,464
72$524,528$413,899$384,682$494,113
73$535,656$391,806$355,195$485,379
74$546,585$367,296$323,385$475,155
75$557,251$340,208$289,133$463,323
76$567,585$310,373$252,313$449,758
77$577,508$277,610$212,795$434,325
78$586,932$241,732$170,443$416,881
79$595,759$202,536$125,112$397,270
80$603,879$159,813$76,655$375,326
81$611,168$113,337$24,917$350,873
82$617,490$62,873$0$323,717
83$622,692$8,173$0$299,149
84$626,605$0$0$276,634
85$629,040$0$0$273,340
86$629,786$0$0$272,704
87$628,611$0$0$271,105
88$625,256$0$0$268,417
89$619,432$0$0$264,498
90$610,823$0$0$259,194
91$599,073$0$0$252,332
92$583,793$0$0$243,722
93$564,548$0$0$233,151
94$540,858$0$0$220,385
95$512,192$0$0$205,167
96$477,960$0$0$187,209
97$437,514$0$0$166,194
98$390,131$0$0$141,772
99$335,018$0$0$113,555
100$271,294$0$0$81,116