Can I retire at age 69 with 483,000?

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 $483,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$39,886$39,530$39,184$38,845$38,515$38,018
2 years$19,745$19,378$19,021$18,676$18,341$17,840
3 years$13,033$12,664$12,308$11,966$11,636$11,148
4 years$9,677$9,309$8,957$8,621$8,299$7,828
5 years$7,664$7,298$6,951$6,621$6,309$5,855
6 years$6,323$5,960$5,617$5,295$4,992$4,556
7 years$5,365$5,005$4,668$4,354$4,060$3,643
8 years$4,647$4,290$3,959$3,652$3,368$2,969
9 years$4,089$3,735$3,410$3,111$2,836$2,456
10 years$3,643$3,293$2,973$2,681$2,417$2,054
11 years$3,278$2,931$2,617$2,334$2,078$1,733
12 years$2,974$2,631$2,323$2,047$1,801$1,473
13 years$2,717$2,378$2,075$1,807$1,571$1,259
14 years$2,497$2,161$1,865$1,604$1,377$1,082
15 years$2,306$1,974$1,683$1,431$1,212$933
16 years$2,140$1,811$1,526$1,281$1,071$807
17 years$1,993$1,668$1,389$1,151$950$701
18 years$1,863$1,541$1,268$1,037$845$610
19 years$1,746$1,429$1,161$937$753$532
20 years$1,642$1,328$1,065$849$672$464
21 years$1,547$1,237$980$770$602$406
22 years$1,461$1,154$903$700$539$356
23 years$1,383$1,080$834$638$484$312
24 years$1,311$1,011$771$582$435$274
25 years$1,245$949$714$531$392$241
26 years$1,185$892$662$486$353$211
27 years$1,128$840$615$445$318$186
28 years$1,077$791$572$407$287$164
29 years$1,028$746$532$374$259$144
30 years$983$705$496$343$234$127
31 years$941$666$462$315$212$112
32 years$902$630$431$289$191$99
33 years$865$597$403$266$173$87
34 years$830$566$376$245$157$77
35 years$798$537$352$225$142$68
36 years$767$509$329$208$129$60
37 years$738$484$308$191$117$53
38 years$711$460$288$176$106$47
39 years$685$437$270$163$96$41
40 years$660$416$253$150$87$36
41 years$637$396$237$138$79$32
42 years$615$377$223$128$72$28
43 years$594$359$209$118$65$25
44 years$574$343$196$109$59$22
45 years$555$327$184$101$54$20
46 years$537$312$173$93$49$17
47 years$519$297$163$86$44$15
48 years$503$284$153$79$40$14
49 years$487$271$144$73$36$12
50 years$472$259$135$68$33$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $483,000, adding $5,834 every year, while hoping to spend $32,813 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: 38/37/25 Blend
68$483,000$483,000$483,000$483,000
69$538,284$512,685$505,198$554,538
70$558,276$502,894$487,210$557,133
71$579,208$491,523$467,519$556,469
72$601,140$478,460$446,034$555,106
73$624,139$463,588$422,659$553,002
74$648,277$446,780$397,294$550,111
75$673,632$427,903$369,834$546,389
76$700,290$406,817$340,170$541,787
77$728,341$383,373$308,188$536,258
78$757,888$357,414$273,768$529,751
79$789,038$328,773$236,785$522,216
80$821,913$297,276$197,110$513,601
81$856,640$262,735$154,606$503,853
82$893,364$224,955$109,131$492,919
83$932,237$183,728$60,537$480,745
84$973,429$138,835$8,669$467,277
85$1,017,126$90,044$0$452,460
86$1,063,528$37,112$0$448,693
87$1,112,857$0$0$446,749
88$1,165,354$0$0$452,540
89$1,221,284$0$0$474,844
90$1,280,937$0$0$498,672
91$1,344,629$0$0$524,155
92$1,412,708$0$0$551,438
93$1,485,556$0$0$580,679
94$1,563,589$0$0$612,052
95$1,647,268$0$0$645,747
96$1,737,093$0$0$681,974
97$1,833,617$0$0$720,963
98$1,937,446$0$0$762,966
99$2,049,245$0$0$808,259
100$2,169,744$0$0$857,148