Can I retire at age 69 with 448,000?

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 $448,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$36,995$36,666$36,344$36,031$35,724$35,032
2 years$18,315$17,973$17,643$17,322$17,011$16,316
3 years$12,088$11,746$11,416$11,099$10,793$10,117
4 years$8,976$8,634$8,308$7,996$7,698$7,046
5 years$7,109$6,770$6,447$6,142$5,852$5,227
6 years$5,865$5,528$5,210$4,912$4,630$4,032
7 years$4,976$4,642$4,330$4,038$3,766$3,195
8 years$4,310$3,979$3,672$3,387$3,124$2,580
9 years$3,793$3,465$3,163$2,885$2,631$2,114
10 years$3,379$3,054$2,757$2,487$2,242$1,751
11 years$3,040$2,719$2,428$2,165$1,928$1,463
12 years$2,758$2,440$2,154$1,899$1,671$1,230
13 years$2,520$2,205$1,925$1,676$1,457$1,041
14 years$2,316$2,004$1,729$1,488$1,277$885
15 years$2,139$1,831$1,561$1,327$1,124$755
16 years$1,985$1,680$1,416$1,188$994$646
17 years$1,849$1,547$1,288$1,068$881$554
18 years$1,728$1,430$1,176$962$783$477
19 years$1,620$1,325$1,077$869$698$411
20 years$1,523$1,231$988$787$624$354
21 years$1,435$1,147$909$715$558$306
22 years$1,355$1,071$838$650$500$265
23 years$1,283$1,001$773$592$449$229
24 years$1,216$938$715$540$404$199
25 years$1,155$880$662$493$363$173
26 years$1,099$827$614$451$327$150
27 years$1,047$779$571$412$295$130
28 years$998$734$530$378$266$113
29 years$954$692$494$347$240$98
30 years$912$654$460$318$217$86
31 years$873$618$429$292$196$74
32 years$836$585$400$268$178$65
33 years$802$554$373$247$161$56
34 years$770$525$349$227$146$49
35 years$740$498$326$209$132$43
36 years$712$473$305$193$119$37
37 years$685$449$286$177$108$32
38 years$659$426$267$164$98$28
39 years$635$406$251$151$89$25
40 years$612$386$235$139$81$21
41 years$591$367$220$128$73$19
42 years$570$350$207$118$66$16
43 years$551$333$194$109$60$14
44 years$532$318$182$101$55$12
45 years$515$303$171$93$50$11
46 years$498$289$160$86$45$9
47 years$482$276$151$80$41$8
48 years$466$263$142$74$37$7
49 years$451$251$133$68$34$6
50 years$437$240$125$63$31$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $448,000, adding $4,085 every year, while hoping to spend $32,913 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: 70/16/14 Blend
68$448,000$448,000$448,000$448,000
69$497,910$474,166$467,222$530,920
70$513,677$462,381$447,854$541,596
71$529,950$448,915$426,735$548,925
72$546,745$433,652$403,771$556,092
73$564,079$416,467$378,863$563,074
74$581,971$397,229$351,911$569,848
75$600,438$375,800$322,806$576,391
76$619,502$352,033$291,439$582,677
77$639,181$325,772$257,692$588,679
78$659,496$296,854$221,444$594,367
79$680,470$265,106$182,568$599,712
80$702,126$230,343$140,931$604,680
81$724,486$192,373$96,395$609,238
82$747,575$150,991$48,816$613,349
83$771,418$105,981$0$616,975
84$796,043$57,114$0$620,369
85$821,476$4,149$0$630,995
86$847,748$0$0$641,534
87$874,887$0$0$661,325
88$902,925$0$0$682,526
89$931,896$0$0$704,433
90$961,833$0$0$727,072
91$992,772$0$0$750,470
92$1,024,751$0$0$774,655
93$1,057,810$0$0$799,658
94$1,091,990$0$0$825,509
95$1,127,334$0$0$852,243
96$1,163,888$0$0$879,893
97$1,201,699$0$0$908,496
98$1,240,819$0$0$938,090
99$1,281,300$0$0$968,717
100$1,323,199$0$0$1,000,417