Can I retire at age 69 with 480,000?

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 $480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$39,638$39,285$38,940$38,604$38,276$37,829
2 years$19,623$19,257$18,903$18,560$18,227$17,777
3 years$12,952$12,585$12,232$11,891$11,564$11,125
4 years$9,617$9,251$8,901$8,567$8,247$7,823
5 years$7,617$7,253$6,908$6,580$6,269$5,861
6 years$6,284$5,923$5,583$5,262$4,961$4,568
7 years$5,332$4,974$4,639$4,326$4,034$3,658
8 years$4,618$4,264$3,934$3,629$3,347$2,987
9 years$4,064$3,712$3,389$3,091$2,819$2,475
10 years$3,620$3,272$2,954$2,665$2,402$2,074
11 years$3,257$2,913$2,601$2,319$2,065$1,753
12 years$2,955$2,614$2,308$2,034$1,790$1,493
13 years$2,700$2,363$2,062$1,796$1,561$1,279
14 years$2,481$2,148$1,853$1,594$1,368$1,101
15 years$2,292$1,962$1,673$1,422$1,205$951
16 years$2,127$1,800$1,517$1,273$1,065$825
17 years$1,981$1,658$1,380$1,144$944$717
18 years$1,851$1,532$1,260$1,031$839$626
19 years$1,735$1,420$1,153$931$748$547
20 years$1,631$1,319$1,059$844$668$478
21 years$1,537$1,229$974$766$598$419
22 years$1,452$1,147$897$696$536$368
23 years$1,374$1,073$829$634$481$324
24 years$1,303$1,005$766$578$433$285
25 years$1,238$943$710$528$389$251
26 years$1,177$887$658$483$351$221
27 years$1,121$834$611$442$316$195
28 years$1,070$786$568$405$285$172
29 years$1,022$742$529$371$258$152
30 years$977$700$493$341$233$134
31 years$935$662$459$313$210$119
32 years$896$627$428$288$190$105
33 years$860$593$400$265$172$93
34 years$825$562$374$243$156$82
35 years$793$533$349$224$141$73
36 years$762$506$327$206$128$64
37 years$734$481$306$190$116$57
38 years$706$457$287$175$105$50
39 years$681$435$268$162$95$45
40 years$656$413$252$149$86$39
41 years$633$394$236$137$78$35
42 years$611$375$221$127$71$31
43 years$590$357$208$117$65$27
44 years$570$340$195$108$59$24
45 years$551$325$183$100$53$22
46 years$533$310$172$92$48$19
47 years$516$295$162$85$44$17
48 years$500$282$152$79$40$15
49 years$484$269$143$73$36$13
50 years$469$257$134$67$33$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $480,000, adding $2,946 every year, while hoping to spend $26,009 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: 41/46/13 Blend
68$480,000$480,000$480,000$480,000
69$531,999$506,559$499,119$551,653
70$558,589$503,707$488,166$562,930
71$587,020$499,843$475,974$572,333
72$617,452$494,891$462,475$581,941
73$650,061$488,769$447,596$591,785
74$685,038$481,391$431,262$601,899
75$722,597$472,663$413,394$612,325
76$762,968$462,491$393,910$623,109
77$806,408$450,769$372,723$634,305
78$853,195$437,391$349,743$645,976
79$903,638$422,240$324,875$658,192
80$958,073$405,193$298,023$671,032
81$1,016,872$386,123$269,082$684,590
82$1,080,442$364,893$237,946$698,969
83$1,149,232$341,357$204,501$714,286
84$1,223,733$315,363$168,632$730,675
85$1,304,488$286,751$130,216$748,286
86$1,392,092$255,348$89,124$767,288
87$1,487,200$220,974$45,224$787,874
88$1,590,532$183,439$0$810,256
89$1,702,881$142,542$0$834,903
90$1,825,117$98,069$0$868,569
91$1,958,201$49,797$0$905,299
92$2,103,187$0$0$945,455
93$2,261,238$0$0$990,714
94$2,433,630$0$0$1,067,629
95$2,621,772$0$0$1,151,630
96$2,827,211$0$0$1,243,414
97$3,051,653$0$0$1,343,750
98$3,296,974$0$0$1,453,487
99$3,565,240$0$0$1,573,557
100$3,858,726$0$0$1,704,985