Can I retire at age 69 with 786,000?

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 $786,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$64,907$64,329$63,765$63,214$62,677$62,178
2 years$32,132$31,534$30,954$30,392$29,846$29,343
3 years$21,209$20,608$20,029$19,472$18,936$18,444
4 years$15,748$15,149$14,576$14,029$13,505$13,029
5 years$12,472$11,877$11,312$10,775$10,266$9,807
6 years$10,289$9,698$9,142$8,617$8,123$7,681
7 years$8,731$8,145$7,597$7,085$6,606$6,182
8 years$7,562$6,981$6,443$5,943$5,481$5,074
9 years$6,654$6,079$5,549$5,062$4,616$4,226
10 years$5,928$5,358$4,838$4,364$3,933$3,560
11 years$5,334$4,770$4,259$3,798$3,382$3,027
12 years$4,839$4,281$3,780$3,331$2,931$2,592
13 years$4,421$3,869$3,377$2,941$2,556$2,233
14 years$4,063$3,517$3,034$2,611$2,240$1,934
15 years$3,753$3,213$2,740$2,328$1,973$1,681
16 years$3,482$2,948$2,484$2,085$1,743$1,467
17 years$3,243$2,715$2,260$1,873$1,546$1,284
18 years$3,031$2,508$2,063$1,688$1,375$1,127
19 years$2,842$2,325$1,889$1,525$1,225$991
20 years$2,671$2,160$1,733$1,381$1,094$873
21 years$2,517$2,012$1,594$1,254$979$770
22 years$2,378$1,878$1,469$1,140$878$681
23 years$2,250$1,757$1,357$1,038$788$603
24 years$2,134$1,646$1,255$947$708$534
25 years$2,026$1,545$1,162$865$637$474
26 years$1,928$1,452$1,078$791$574$420
27 years$1,836$1,366$1,001$724$518$373
28 years$1,752$1,287$930$663$467$332
29 years$1,673$1,215$866$608$422$295
30 years$1,600$1,147$807$558$381$263
31 years$1,532$1,084$752$512$344$234
32 years$1,468$1,026$702$471$312$208
33 years$1,408$972$655$433$282$186
34 years$1,351$921$612$399$255$165
35 years$1,298$873$572$367$231$147
36 years$1,248$829$535$338$210$132
37 years$1,201$787$501$311$190$117
38 years$1,157$748$469$287$172$105
39 years$1,115$712$440$265$156$93
40 years$1,075$677$412$244$142$83
41 years$1,037$644$386$225$128$74
42 years$1,001$614$362$208$117$66
43 years$966$585$340$192$106$59
44 years$934$557$319$177$96$53
45 years$903$532$300$164$87$47
46 years$873$507$282$151$79$42
47 years$845$484$264$140$72$38
48 years$818$462$249$129$65$34
49 years$792$441$234$119$59$30
50 years$767$421$220$110$54$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $786,000, adding $2,229 every year, while hoping to spend $31,776 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: 42/43/15 Blend
68$786,000$786,000$786,000$786,000
69$868,471$826,813$814,630$901,043
70$923,246$833,518$808,111$930,898
71$982,543$839,486$800,308$959,899
72$1,046,789$844,647$791,146$990,618
73$1,116,455$848,929$780,543$1,023,228
74$1,192,059$852,252$768,416$1,057,920
75$1,274,168$854,531$754,677$1,094,905
76$1,363,409$855,679$739,235$1,134,419
77$1,460,470$855,600$721,992$1,176,722
78$1,566,107$854,194$702,849$1,222,105
79$1,681,155$851,355$681,699$1,270,888
80$1,806,530$846,968$658,433$1,323,428
81$1,943,241$840,914$632,935$1,380,120
82$2,092,398$833,066$605,085$1,441,401
83$2,255,224$823,287$574,757$1,507,758
84$2,433,064$811,436$541,819$1,579,727
85$2,627,400$797,360$506,133$1,657,906
86$2,839,863$780,898$467,556$1,742,953
87$3,072,247$761,881$425,938$1,835,600
88$3,326,531$740,127$381,121$1,936,657
89$3,604,890$715,446$332,941$2,047,019
90$3,909,722$687,636$281,228$2,167,679
91$4,243,666$656,483$225,802$2,299,733
92$4,609,630$621,761$166,476$2,444,398
93$5,010,815$583,230$103,056$2,603,016
94$5,450,748$540,638$35,338$2,777,074
95$5,933,312$493,717$0$2,968,217
96$6,462,785$442,185$0$3,184,173
97$7,043,879$385,742$0$3,427,461
98$7,681,784$324,072$0$3,694,680
99$8,382,218$256,843$0$3,988,325
100$9,151,478$183,702$0$4,311,152