Can I retire at age 69 with 445,000?

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 $445,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$36,748$36,420$36,101$35,789$35,485$35,100
2 years$18,192$17,853$17,525$17,206$16,898$16,510
3 years$12,007$11,667$11,340$11,024$10,721$10,342
4 years$8,916$8,577$8,252$7,942$7,646$7,280
5 years$7,061$6,724$6,404$6,101$5,812$5,460
6 years$5,825$5,491$5,176$4,879$4,599$4,260
7 years$4,943$4,611$4,301$4,011$3,740$3,415
8 years$4,281$3,953$3,647$3,365$3,103$2,792
9 years$3,767$3,441$3,142$2,866$2,613$2,316
10 years$3,356$3,033$2,739$2,471$2,227$1,943
11 years$3,020$2,701$2,411$2,150$1,915$1,645
12 years$2,740$2,424$2,140$1,886$1,659$1,402
13 years$2,503$2,190$1,912$1,665$1,447$1,203
14 years$2,300$1,991$1,718$1,478$1,268$1,037
15 years$2,125$1,819$1,551$1,318$1,117$897
16 years$1,972$1,669$1,406$1,180$987$779
17 years$1,836$1,537$1,280$1,060$875$678
18 years$1,716$1,420$1,168$956$778$592
19 years$1,609$1,316$1,069$864$694$518
20 years$1,512$1,223$981$782$620$454
21 years$1,425$1,139$903$710$554$399
22 years$1,346$1,063$832$645$497$351
23 years$1,274$995$768$588$446$309
24 years$1,208$932$710$536$401$272
25 years$1,147$875$658$490$361$240
26 years$1,091$822$610$448$325$212
27 years$1,040$774$567$410$293$187
28 years$992$729$527$375$264$165
29 years$947$688$490$344$239$146
30 years$906$649$457$316$216$129
31 years$867$614$426$290$195$115
32 years$831$581$397$267$176$101
33 years$797$550$371$245$160$90
34 years$765$521$347$226$145$80
35 years$735$494$324$208$131$71
36 years$707$469$303$191$119$63
37 years$680$446$284$176$108$55
38 years$655$424$266$162$97$49
39 years$631$403$249$150$88$44
40 years$608$383$233$138$80$39
41 years$587$365$219$127$73$34
42 years$567$347$205$118$66$30
43 years$547$331$193$109$60$27
44 years$529$316$181$100$54$24
45 years$511$301$170$93$49$21
46 years$494$287$159$86$45$19
47 years$478$274$150$79$41$17
48 years$463$262$141$73$37$15
49 years$448$250$132$67$34$13
50 years$434$239$124$62$30$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $445,000, adding $2,123 every year, while hoping to spend $40,429 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: 53/35/12 Blend
68$445,000$445,000$445,000$445,000
69$492,580$468,995$462,097$517,032
70$499,807$448,959$434,561$513,883
71$506,416$426,587$404,748$505,934
72$512,302$401,721$372,538$496,352
73$517,346$374,195$337,808$484,993
74$521,417$343,833$300,427$471,700
75$524,370$310,449$260,259$456,301
76$526,042$273,847$217,164$438,614
77$526,252$233,820$170,993$418,437
78$524,800$190,147$121,592$395,555
79$521,464$142,598$68,799$369,731
80$515,996$90,928$12,446$340,713
81$508,122$34,878$0$308,222
82$497,539$0$0$278,066
83$483,911$0$0$255,856
84$466,865$0$0$245,057
85$445,988$0$0$231,993
86$420,825$0$0$216,399
87$390,869$0$0$197,977
88$355,562$0$0$176,401
89$314,285$0$0$151,308
90$266,356$0$0$122,298
91$211,018$0$0$88,930
92$147,437$0$0$50,714
93$74,690$0$0$7,110
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