Can I retire at age 69 with 487,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $487,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$40,216$39,858$39,508$39,167$38,834$37,412
2 years$19,909$19,538$19,179$18,830$18,492$17,075
3 years$13,141$12,768$12,410$12,065$11,732$10,365
4 years$9,757$9,386$9,031$8,692$8,368$7,060
5 years$7,728$7,359$7,009$6,676$6,361$5,117
6 years$6,375$6,009$5,664$5,339$5,033$3,854
7 years$5,410$5,046$4,707$4,390$4,093$2,978
8 years$4,686$4,326$3,992$3,682$3,396$2,344
9 years$4,123$3,766$3,438$3,136$2,860$1,870
10 years$3,673$3,320$2,997$2,704$2,437$1,507
11 years$3,305$2,955$2,639$2,353$2,096$1,224
12 years$2,998$2,653$2,342$2,064$1,816$1,000
13 years$2,739$2,397$2,092$1,822$1,584$821
14 years$2,518$2,179$1,880$1,617$1,388$677
15 years$2,326$1,991$1,697$1,443$1,222$560
16 years$2,158$1,826$1,539$1,292$1,080$464
17 years$2,010$1,682$1,400$1,161$958$386
18 years$1,878$1,554$1,278$1,046$852$321
19 years$1,761$1,440$1,170$945$759$268
20 years$1,655$1,338$1,074$856$678$223
21 years$1,560$1,247$988$777$607$187
22 years$1,473$1,164$910$706$544$156
23 years$1,394$1,088$841$643$488$131
24 years$1,322$1,020$777$587$439$109
25 years$1,256$957$720$536$395$92
26 years$1,194$899$668$490$356$77
27 years$1,138$847$620$448$321$64
28 years$1,085$798$577$411$289$54
29 years$1,037$753$537$377$261$45
30 years$991$711$500$346$236$38
31 years$949$672$466$318$213$32
32 years$909$636$435$292$193$27
33 years$872$602$406$268$175$22
34 years$837$571$379$247$158$19
35 years$804$541$355$227$143$16
36 years$773$514$332$209$130$13
37 years$744$488$310$193$118$11
38 years$717$464$291$178$107$9
39 years$691$441$272$164$97$8
40 years$666$419$255$151$88$7
41 years$642$399$239$139$80$6
42 years$620$380$225$129$72$5
43 years$599$362$211$119$66$4
44 years$579$345$198$110$60$3
45 years$559$329$186$101$54$3
46 years$541$314$174$94$49$2
47 years$524$300$164$86$45$2
48 years$507$286$154$80$40$2
49 years$491$273$145$74$37$1
50 years$475$261$136$68$33$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $487,000, adding $6,793 every year, while hoping to spend $27,924 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: 63/8/29 Blend
68$487,000$487,000$487,000$487,000
69$543,681$517,870$510,321$573,321
70$569,426$513,535$497,706$589,910
71$596,860$508,051$483,733$604,381
72$626,128$501,333$468,326$619,594
73$657,385$493,291$451,406$635,626
74$690,803$483,827$432,893$652,564
75$726,570$472,840$412,701$670,504
76$764,893$460,221$390,739$689,554
77$805,997$445,857$366,914$709,833
78$850,131$429,627$341,128$731,473
79$897,567$411,401$313,278$754,624
80$948,605$391,046$283,259$779,448
81$1,003,572$368,417$250,958$806,128
82$1,062,829$343,362$216,258$834,868
83$1,126,773$315,722$179,038$865,893
84$1,195,839$285,327$139,170$899,452
85$1,270,504$251,998$96,522$935,822
86$1,351,295$215,545$50,955$975,312
87$1,438,790$175,769$2,324$1,018,262
88$1,533,623$132,459$0$1,065,051
89$1,636,493$85,390$0$1,131,437
90$1,748,170$34,328$0$1,204,311
91$1,869,497$0$0$1,283,516
92$2,001,404$0$0$1,371,523
93$2,144,915$0$0$1,470,590
94$2,301,153$0$0$1,578,477
95$2,471,358$0$0$1,696,041
96$2,656,891$0$0$1,824,228
97$2,859,253$0$0$1,964,078
98$3,080,093$0$0$2,116,738
99$3,321,229$0$0$2,283,467
100$3,584,660$0$0$2,465,653