Can I retire at age 69 with 781,000?

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 $781,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$64,494$63,920$63,359$62,812$62,278$59,973
2 years$31,928$31,333$30,757$30,198$29,656$27,360
3 years$21,074$20,477$19,902$19,348$18,815$16,600
4 years$15,648$15,052$14,483$13,939$13,419$11,302
5 years$12,393$11,801$11,240$10,707$10,201$8,187
6 years$10,224$9,637$9,083$8,562$8,072$6,163
7 years$8,675$8,093$7,548$7,040$6,564$4,760
8 years$7,514$6,937$6,402$5,905$5,446$3,744
9 years$6,612$6,040$5,514$5,030$4,586$2,984
10 years$5,890$5,324$4,807$4,336$3,908$2,403
11 years$5,300$4,740$4,232$3,774$3,361$1,951
12 years$4,809$4,254$3,756$3,310$2,912$1,593
13 years$4,393$3,844$3,356$2,922$2,540$1,307
14 years$4,037$3,494$3,015$2,594$2,226$1,077
15 years$3,729$3,192$2,722$2,313$1,960$890
16 years$3,460$2,929$2,468$2,071$1,732$738
17 years$3,223$2,697$2,246$1,861$1,536$612
18 years$3,012$2,492$2,050$1,677$1,366$509
19 years$2,824$2,310$1,877$1,516$1,217$424
20 years$2,654$2,147$1,722$1,373$1,087$354
21 years$2,501$1,999$1,584$1,246$973$295
22 years$2,363$1,866$1,460$1,133$872$247
23 years$2,236$1,746$1,348$1,032$783$206
24 years$2,120$1,636$1,247$941$704$173
25 years$2,014$1,535$1,155$859$633$144
26 years$1,915$1,443$1,071$786$570$121
27 years$1,825$1,358$995$719$514$101
28 years$1,741$1,279$925$659$464$85
29 years$1,663$1,207$860$604$419$71
30 years$1,590$1,140$801$554$379$60
31 years$1,522$1,077$747$509$342$50
32 years$1,458$1,019$697$468$310$42
33 years$1,399$965$651$430$280$35
34 years$1,343$915$608$396$254$29
35 years$1,290$868$569$365$230$25
36 years$1,240$824$532$336$208$21
37 years$1,194$782$498$309$189$17
38 years$1,149$744$466$285$171$15
39 years$1,107$707$437$263$155$12
40 years$1,068$673$409$242$141$10
41 years$1,030$640$384$224$128$9
42 years$994$610$360$206$116$7
43 years$960$581$338$191$105$6
44 years$928$554$317$176$95$5
45 years$897$528$298$163$87$4
46 years$868$504$280$150$79$4
47 years$840$481$263$139$71$3
48 years$813$459$247$128$65$3
49 years$787$438$232$118$59$2
50 years$763$419$218$109$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $781,000, adding $2,145 every year, while hoping to spend $26,745 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: 37/48/15 Blend
68$781,000$781,000$781,000$781,000
69$862,875$821,482$809,376$890,788
70$922,431$833,278$808,034$922,836
71$987,166$844,755$805,750$954,716
72$1,057,580$855,871$802,465$988,575
73$1,134,222$866,577$798,117$1,024,605
74$1,217,698$876,825$792,638$1,063,017
75$1,308,673$886,559$785,962$1,104,045
76$1,407,881$895,724$778,015$1,147,948
77$1,516,129$904,259$768,723$1,195,013
78$1,634,304$912,097$758,005$1,245,557
79$1,763,384$919,171$745,779$1,299,931
80$1,904,446$925,407$731,959$1,358,524
81$2,058,673$930,726$716,454$1,421,764
82$2,227,371$935,045$699,168$1,490,127
83$2,411,975$938,274$680,003$1,564,139
84$2,614,068$940,321$658,854$1,644,381
85$2,835,390$941,084$635,613$1,731,496
86$3,077,860$940,457$610,166$1,826,195
87$3,343,589$938,327$582,394$1,929,263
88$3,634,904$934,574$552,173$2,041,570
89$3,954,367$929,071$519,374$2,164,076
90$4,304,799$921,682$483,859$2,297,842
91$4,689,309$912,264$445,488$2,444,042
92$5,111,319$900,666$404,113$2,603,972
93$5,574,600$886,726$359,578$2,779,064
94$6,083,307$870,273$311,721$2,970,903
95$6,642,015$851,127$260,375$3,181,235
96$7,255,766$829,097$205,362$3,411,994
97$7,930,111$803,980$146,499$3,665,312
98$8,671,168$775,561$83,592$3,943,546
99$9,485,677$743,613$16,442$4,249,299
100$10,381,062$707,896$0$4,585,446