Can I retire at age 69 with 485,000?

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 $485,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$40,051$39,694$39,346$39,006$38,675$37,987
2 years$19,827$19,458$19,100$18,753$18,416$17,726
3 years$13,087$12,716$12,359$12,015$11,684$11,012
4 years$9,717$9,348$8,994$8,656$8,333$7,685
5 years$7,696$7,329$6,980$6,649$6,335$5,713
6 years$6,349$5,984$5,641$5,317$5,013$4,417
7 years$5,387$5,026$4,687$4,372$4,077$3,507
8 years$4,666$4,308$3,975$3,667$3,382$2,839
9 years$4,106$3,751$3,424$3,124$2,848$2,332
10 years$3,658$3,306$2,985$2,693$2,427$1,936
11 years$3,291$2,943$2,628$2,343$2,087$1,621
12 years$2,986$2,642$2,332$2,055$1,809$1,368
13 years$2,728$2,387$2,084$1,815$1,577$1,160
14 years$2,507$2,170$1,872$1,611$1,382$988
15 years$2,316$1,982$1,690$1,437$1,217$845
16 years$2,149$1,819$1,533$1,286$1,076$726
17 years$2,001$1,675$1,395$1,156$954$624
18 years$1,870$1,548$1,273$1,042$848$539
19 years$1,753$1,434$1,165$941$756$465
20 years$1,648$1,333$1,070$852$675$403
21 years$1,553$1,242$984$774$604$349
22 years$1,467$1,159$907$703$542$303
23 years$1,388$1,084$837$641$486$263
24 years$1,317$1,016$774$584$437$229
25 years$1,250$953$717$534$393$199
26 years$1,189$896$665$488$354$174
27 years$1,133$843$618$447$319$151
28 years$1,081$794$574$409$288$132
29 years$1,032$749$534$375$260$115
30 years$987$708$498$344$235$100
31 years$945$669$464$316$213$88
32 years$906$633$433$291$192$76
33 years$869$600$404$267$174$67
34 years$834$568$378$246$158$58
35 years$801$539$353$226$143$51
36 years$770$512$330$208$129$45
37 years$741$486$309$192$117$39
38 years$714$462$290$177$106$34
39 years$688$439$271$163$96$30
40 years$663$418$254$151$87$26
41 years$640$398$238$139$79$23
42 years$617$379$224$128$72$20
43 years$596$361$210$118$65$17
44 years$576$344$197$109$59$15
45 years$557$328$185$101$54$13
46 years$539$313$174$93$49$12
47 years$521$299$163$86$44$10
48 years$505$285$153$80$40$9
49 years$489$272$144$74$37$8
50 years$474$260$136$68$33$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $485,000, adding $2,076 every year, while hoping to spend $29,902 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: 69/14/17 Blend
68$485,000$485,000$485,000$485,000
69$536,611$510,906$503,389$571,326
70$559,530$504,125$488,437$587,946
71$583,785$496,010$471,982$602,389
72$609,479$486,463$453,942$617,441
73$636,728$475,382$434,231$633,158
74$665,657$462,658$412,760$649,605
75$696,402$448,176$389,435$666,852
76$729,112$431,814$364,159$684,978
77$763,952$413,443$336,829$704,070
78$801,100$392,927$307,338$724,225
79$840,753$370,121$275,574$745,553
80$883,126$344,873$241,422$768,174
81$928,454$317,021$204,759$792,222
82$976,996$286,394$165,458$817,846
83$1,029,035$252,813$123,386$845,213
84$1,084,882$216,087$78,405$874,506
85$1,144,879$176,014$30,370$905,930
86$1,209,399$132,381$0$939,712
87$1,278,855$84,965$0$979,893
88$1,353,697$33,527$0$1,029,090
89$1,434,421$0$0$1,082,127
90$1,521,573$0$0$1,142,798
91$1,615,750$0$0$1,213,962
92$1,717,611$0$0$1,290,954
93$1,827,880$0$0$1,374,325
94$1,947,351$0$0$1,464,678
95$2,076,898$0$0$1,562,678
96$2,217,482$0$0$1,669,054
97$2,370,162$0$0$1,784,611
98$2,536,100$0$0$1,910,232
99$2,716,575$0$0$2,046,889
100$2,912,995$0$0$2,195,653