Can I retire at age 69 with 772,000?

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 $772,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$63,751$63,183$62,629$62,088$61,560$59,902
2 years$31,560$30,972$30,403$29,850$29,314$27,656
3 years$20,831$20,241$19,672$19,125$18,598$16,991
4 years$15,468$14,879$14,316$13,779$13,264$11,721
5 years$12,250$11,665$11,110$10,583$10,083$8,608
6 years$10,106$9,526$8,979$8,464$7,979$6,572
7 years$8,575$8,000$7,461$6,958$6,489$5,152
8 years$7,428$6,857$6,328$5,837$5,383$4,115
9 years$6,535$5,970$5,450$4,972$4,533$3,333
10 years$5,822$5,263$4,752$4,286$3,863$2,728
11 years$5,239$4,685$4,183$3,730$3,322$2,252
12 years$4,753$4,205$3,712$3,272$2,879$1,871
13 years$4,343$3,800$3,317$2,888$2,510$1,563
14 years$3,991$3,454$2,980$2,564$2,201$1,311
15 years$3,686$3,155$2,691$2,287$1,938$1,104
16 years$3,420$2,895$2,440$2,047$1,712$932
17 years$3,186$2,666$2,220$1,840$1,518$789
18 years$2,977$2,464$2,026$1,658$1,350$669
19 years$2,791$2,283$1,855$1,498$1,203$568
20 years$2,624$2,122$1,703$1,357$1,075$483
21 years$2,473$1,976$1,566$1,231$962$412
22 years$2,335$1,845$1,443$1,120$862$351
23 years$2,210$1,725$1,333$1,020$774$299
24 years$2,096$1,617$1,232$930$696$256
25 years$1,990$1,517$1,142$849$626$219
26 years$1,893$1,426$1,059$777$564$187
27 years$1,804$1,342$983$711$508$160
28 years$1,721$1,264$914$651$459$137
29 years$1,643$1,193$850$597$414$117
30 years$1,571$1,127$792$548$374$100
31 years$1,504$1,065$739$503$338$86
32 years$1,441$1,008$689$463$306$74
33 years$1,383$954$643$425$277$63
34 years$1,327$904$601$391$251$54
35 years$1,275$858$562$360$227$46
36 years$1,226$814$526$332$206$40
37 years$1,180$773$492$306$187$34
38 years$1,136$735$461$282$169$29
39 years$1,095$699$432$260$153$25
40 years$1,055$665$405$240$139$21
41 years$1,018$633$379$221$126$18
42 years$983$603$356$204$115$16
43 years$949$574$334$188$104$13
44 years$917$547$314$174$94$12
45 years$887$522$294$161$86$10
46 years$858$498$276$148$78$9
47 years$830$475$260$137$71$7
48 years$803$454$244$127$64$6
49 years$778$433$229$117$58$5
50 years$754$414$216$108$53$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $772,000, adding $5,874 every year, while hoping to spend $43,656 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: 71/8/21 Blend
68$772,000$772,000$772,000$772,000
69$856,803$815,887$803,921$912,823
70$897,747$809,416$784,403$944,457
71$941,405$801,164$762,767$973,350
72$988,006$790,999$738,898$1,003,904
73$1,037,804$778,780$712,672$1,036,279
74$1,091,075$764,355$683,962$1,070,652
75$1,148,123$747,567$652,634$1,107,217
76$1,209,282$728,248$618,547$1,146,193
77$1,274,917$706,220$581,556$1,187,816
78$1,345,429$681,295$541,509$1,232,354
79$1,421,257$653,273$498,244$1,280,099
80$1,502,886$621,944$451,596$1,331,374
81$1,590,845$587,085$401,389$1,386,540
82$1,685,719$548,459$347,443$1,445,993
83$1,788,147$505,818$289,567$1,510,172
84$1,898,832$458,898$227,562$1,579,562
85$2,018,549$407,420$161,221$1,654,701
86$2,148,147$351,089$90,328$1,736,182
87$2,288,561$289,596$14,657$1,824,661
88$2,440,818$222,610$0$1,920,864
89$2,606,048$149,784$0$2,040,402
90$2,785,494$70,753$0$2,173,819
91$2,980,523$0$0$2,318,865
92$3,192,638$0$0$2,477,989
93$3,423,495$0$0$2,657,986
94$3,674,913$0$0$2,854,050
95$3,948,895$0$0$3,067,750
96$4,247,647$0$0$3,300,808
97$4,573,594$0$0$3,555,122
98$4,929,407$0$0$3,832,782
99$5,318,026$0$0$4,136,087
100$5,742,688$0$0$4,467,568