Can I retire at age 69 with 787,000?

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 $787,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$64,990$64,411$63,846$63,295$62,756$60,699
2 years$32,173$31,574$30,993$30,430$29,884$27,831
3 years$21,236$20,634$20,055$19,497$18,960$16,975
4 years$15,768$15,168$14,595$14,046$13,522$11,622
5 years$12,488$11,892$11,326$10,789$10,279$8,468
6 years$10,303$9,711$9,153$8,628$8,134$6,412
7 years$8,742$8,155$7,606$7,094$6,615$4,984
8 years$7,572$6,990$6,451$5,951$5,488$3,946
9 years$6,662$6,086$5,556$5,069$4,621$3,167
10 years$5,935$5,365$4,844$4,369$3,938$2,568
11 years$5,341$4,776$4,264$3,803$3,387$2,099
12 years$4,846$4,287$3,785$3,335$2,935$1,727
13 years$4,427$3,874$3,381$2,945$2,559$1,428
14 years$4,068$3,521$3,038$2,614$2,243$1,185
15 years$3,758$3,217$2,743$2,331$1,975$987
16 years$3,487$2,951$2,487$2,087$1,746$825
17 years$3,248$2,718$2,263$1,875$1,548$690
18 years$3,035$2,512$2,066$1,690$1,376$579
19 years$2,845$2,328$1,891$1,527$1,227$486
20 years$2,675$2,163$1,736$1,383$1,096$409
21 years$2,521$2,015$1,596$1,255$981$344
22 years$2,381$1,881$1,471$1,141$879$290
23 years$2,253$1,759$1,359$1,039$789$245
24 years$2,136$1,648$1,256$948$709$207
25 years$2,029$1,547$1,164$866$638$174
26 years$1,930$1,454$1,079$792$575$147
27 years$1,839$1,368$1,002$725$518$124
28 years$1,754$1,289$932$664$468$105
29 years$1,675$1,216$867$609$422$89
30 years$1,602$1,148$808$559$382$75
31 years$1,534$1,086$753$513$345$64
32 years$1,469$1,027$702$472$312$54
33 years$1,409$973$656$434$282$46
34 years$1,353$922$613$399$256$39
35 years$1,300$875$573$367$232$33
36 years$1,250$830$536$338$210$28
37 years$1,203$788$502$312$190$23
38 years$1,158$749$470$287$172$20
39 years$1,116$712$440$265$156$17
40 years$1,076$678$413$244$142$14
41 years$1,038$645$387$225$129$12
42 years$1,002$614$363$208$117$10
43 years$968$585$340$192$106$9
44 years$935$558$320$177$96$7
45 years$904$532$300$164$87$6
46 years$874$508$282$151$79$5
47 years$846$484$265$140$72$4
48 years$819$463$249$129$65$4
49 years$793$442$234$119$59$3
50 years$768$422$220$110$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $787,000, adding $4,769 every year, while hoping to spend $49,887 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: 76/10/14 Blend
68$787,000$787,000$787,000$787,000
69$872,193$830,482$818,284$935,566
70$908,078$818,096$792,617$965,659
71$945,950$803,432$764,418$991,905
72$985,961$786,324$733,550$1,019,304
73$1,028,274$766,599$699,869$1,047,955
74$1,073,068$744,072$663,224$1,077,965
75$1,120,538$718,549$623,460$1,109,456
76$1,170,897$689,822$580,410$1,142,561
77$1,224,379$657,674$533,905$1,177,428
78$1,281,239$621,873$483,764$1,214,220
79$1,341,756$582,176$429,800$1,253,118
80$1,406,235$538,322$371,818$1,294,324
81$1,475,011$490,040$309,614$1,338,059
82$1,548,451$437,040$242,975$1,384,569
83$1,626,955$379,018$171,677$1,434,126
84$1,710,965$315,650$95,488$1,487,033
85$1,800,963$246,596$14,166$1,543,622
86$1,897,477$171,496$0$1,604,263
87$2,001,090$89,969$0$1,680,213
88$2,112,439$1,615$0$1,764,038
89$2,232,224$0$0$1,854,163
90$2,361,212$0$0$1,961,526
91$2,500,248$0$0$2,077,466
92$2,650,259$0$0$2,202,582
93$2,812,263$0$0$2,337,726
94$2,987,379$0$0$2,483,835
95$3,176,838$0$0$2,641,939
96$3,381,990$0$0$2,813,168
97$3,604,324$0$0$2,998,769
98$3,845,473$0$0$3,200,108
99$4,107,234$0$0$3,418,691
100$4,391,585$0$0$3,656,172