Can I retire at age 69 with 794,000?

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 $794,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$65,568$64,984$64,414$63,858$63,315$62,215
2 years$32,459$31,855$31,269$30,701$30,150$29,045
3 years$21,425$20,817$20,233$19,670$19,128$18,053
4 years$15,908$15,303$14,724$14,171$13,642$12,605
5 years$12,599$11,998$11,427$10,885$10,371$9,375
6 years$10,394$9,797$9,235$8,705$8,206$7,252
7 years$8,820$8,228$7,674$7,157$6,674$5,762
8 years$7,639$7,053$6,508$6,004$5,536$4,667
9 years$6,722$6,141$5,605$5,114$4,663$3,835
10 years$5,988$5,413$4,887$4,408$3,973$3,186
11 years$5,388$4,818$4,302$3,836$3,417$2,670
12 years$4,889$4,325$3,818$3,365$2,961$2,254
13 years$4,466$3,908$3,411$2,971$2,582$1,913
14 years$4,105$3,553$3,065$2,637$2,263$1,631
15 years$3,791$3,245$2,767$2,352$1,993$1,396
16 years$3,518$2,978$2,509$2,106$1,761$1,199
17 years$3,276$2,742$2,283$1,892$1,562$1,032
18 years$3,062$2,534$2,084$1,705$1,389$891
19 years$2,871$2,348$1,908$1,541$1,238$771
20 years$2,699$2,182$1,751$1,395$1,105$668
21 years$2,543$2,033$1,611$1,266$989$579
22 years$2,402$1,897$1,484$1,151$887$503
23 years$2,273$1,775$1,371$1,049$796$437
24 years$2,155$1,663$1,268$956$715$381
25 years$2,047$1,560$1,174$873$644$332
26 years$1,947$1,467$1,089$799$580$289
27 years$1,855$1,380$1,011$731$523$252
28 years$1,770$1,301$940$670$472$220
29 years$1,690$1,227$875$614$426$192
30 years$1,616$1,159$815$564$385$168
31 years$1,547$1,095$760$518$348$146
32 years$1,483$1,036$709$476$315$128
33 years$1,422$981$662$438$285$112
34 years$1,365$930$618$403$258$98
35 years$1,312$882$578$371$234$86
36 years$1,261$837$541$341$212$75
37 years$1,213$795$506$314$192$65
38 years$1,168$756$474$290$174$57
39 years$1,126$719$444$267$158$50
40 years$1,086$684$416$247$143$44
41 years$1,047$651$390$227$130$38
42 years$1,011$620$366$210$118$34
43 years$976$591$344$194$107$29
44 years$943$563$322$179$97$26
45 years$912$537$303$165$88$23
46 years$882$512$284$153$80$20
47 years$854$489$267$141$73$17
48 years$826$467$251$130$66$15
49 years$800$446$236$120$60$13
50 years$775$426$222$111$54$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $794,000, adding $5,238 every year, while hoping to spend $27,133 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: 82/11/7 Blend
68$794,000$794,000$794,000$794,000
69$880,391$838,309$826,002$951,552
70$941,322$850,517$824,804$1,011,065
71$1,007,558$862,413$822,656$1,072,219
72$1,079,612$873,955$819,498$1,138,519
73$1,158,048$885,095$815,267$1,210,465
74$1,243,487$895,782$809,896$1,288,607
75$1,336,610$905,963$803,316$1,373,550
76$1,438,171$915,582$795,453$1,465,962
77$1,548,995$924,576$786,232$1,566,578
78$1,669,994$932,881$775,572$1,676,208
79$1,802,168$940,428$763,389$1,795,742
80$1,946,623$947,142$749,596$1,926,164
81$2,104,572$952,946$734,100$2,068,555
82$2,277,352$957,754$716,807$2,224,107
83$2,466,437$961,479$697,615$2,394,133
84$2,673,447$964,025$676,419$2,580,081
85$2,900,169$965,292$653,109$2,783,543
86$3,148,568$965,174$627,570$3,006,278
87$3,420,810$963,555$599,681$3,250,219
88$3,719,281$960,317$569,318$3,517,499
89$4,046,605$955,331$536,349$3,810,468
90$4,405,678$948,461$500,635$4,131,713
91$4,799,685$939,564$462,035$4,484,089
92$5,232,137$928,486$420,397$4,870,739
93$5,706,900$915,066$375,565$5,295,126
94$6,228,232$899,133$327,375$5,761,068
95$6,800,826$880,506$275,656$6,272,770
96$7,429,851$858,990$220,231$6,834,870
97$8,120,998$834,384$160,912$7,452,474
98$8,880,542$806,471$97,504$8,131,212
99$9,715,393$775,023$29,806$8,877,288
100$10,633,162$739,799$0$9,697,538