Can I retire at age 69 with 773,000?

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 $773,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$63,834$63,265$62,710$62,169$61,640$60,322
2 years$31,601$31,012$30,442$29,889$29,352$28,030
3 years$20,858$20,267$19,698$19,150$18,622$17,338
4 years$15,488$14,898$14,335$13,797$13,282$12,045
5 years$12,266$11,680$11,125$10,597$10,096$8,911
6 years$10,119$9,538$8,990$8,475$7,989$6,856
7 years$8,586$8,010$7,471$6,967$6,497$5,417
8 years$7,437$6,866$6,336$5,845$5,390$4,362
9 years$6,544$5,978$5,457$4,978$4,539$3,563
10 years$5,830$5,269$4,758$4,291$3,868$2,942
11 years$5,246$4,691$4,189$3,735$3,326$2,450
12 years$4,759$4,210$3,717$3,276$2,882$2,054
13 years$4,348$3,805$3,321$2,892$2,514$1,732
14 years$3,996$3,459$2,984$2,567$2,203$1,467
15 years$3,691$3,160$2,694$2,290$1,940$1,247
16 years$3,425$2,899$2,443$2,050$1,715$1,063
17 years$3,190$2,670$2,223$1,842$1,520$909
18 years$2,981$2,467$2,029$1,660$1,352$779
19 years$2,795$2,286$1,858$1,500$1,205$669
20 years$2,627$2,125$1,705$1,359$1,076$575
21 years$2,476$1,979$1,568$1,233$963$495
22 years$2,338$1,847$1,445$1,121$863$427
23 years$2,213$1,728$1,334$1,021$775$368
24 years$2,098$1,619$1,234$931$697$318
25 years$1,993$1,519$1,143$850$627$275
26 years$1,896$1,428$1,060$778$565$237
27 years$1,806$1,344$984$712$509$205
28 years$1,723$1,266$915$652$459$178
29 years$1,646$1,194$852$598$415$154
30 years$1,573$1,128$793$549$375$133
31 years$1,506$1,066$739$504$339$116
32 years$1,443$1,009$690$463$306$100
33 years$1,384$956$644$426$277$87
34 years$1,329$906$602$392$251$75
35 years$1,277$859$563$361$227$65
36 years$1,228$815$526$332$206$57
37 years$1,181$774$493$306$187$49
38 years$1,138$736$461$282$169$43
39 years$1,096$700$432$260$154$37
40 years$1,057$666$405$240$139$32
41 years$1,020$634$380$221$126$28
42 years$984$604$356$204$115$24
43 years$950$575$334$189$104$21
44 years$918$548$314$174$94$18
45 years$888$523$295$161$86$16
46 years$859$499$277$149$78$14
47 years$831$476$260$137$71$12
48 years$804$454$244$127$64$10
49 years$779$434$230$117$58$9
50 years$755$414$216$108$53$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $773,000, adding $4,974 every year, while hoping to spend $42,312 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: 40/30/30 Blend
68$773,000$773,000$773,000$773,000
69$856,977$816,008$804,026$883,505
70$899,369$810,972$785,941$898,287
71$944,667$804,272$765,833$910,004
72$993,122$795,781$743,588$921,890
73$1,045,011$785,365$719,088$933,987
74$1,100,636$772,882$692,212$946,348
75$1,160,330$758,182$662,830$959,030
76$1,224,456$741,106$630,807$972,103
77$1,293,416$721,484$596,004$985,646
78$1,367,647$699,140$558,273$999,752
79$1,447,632$673,883$517,460$1,014,527
80$1,533,901$645,514$473,406$1,030,090
81$1,627,035$613,821$425,941$1,046,580
82$1,727,675$578,580$374,892$1,064,155
83$1,836,522$539,555$320,076$1,082,993
84$1,954,349$496,495$261,300$1,103,296
85$2,082,006$449,136$198,367$1,125,294
86$2,220,426$397,199$131,067$1,149,247
87$2,370,635$340,387$59,183$1,175,445
88$2,533,762$278,389$0$1,204,219
89$2,711,051$210,875$0$1,241,551
90$2,903,866$137,496$0$1,302,826
91$3,113,711$57,884$0$1,369,628
92$3,342,241$0$0$1,442,562
93$3,591,276$0$0$1,531,658
94$3,862,817$0$0$1,649,735
95$4,159,071$0$0$1,778,655
96$4,482,463$0$0$1,919,484
97$4,835,666$0$0$2,073,400
98$5,221,618$0$0$2,241,695
99$5,643,558$0$0$2,425,797
100$6,105,050$0$0$2,627,273