Can I retire at age 69 with 796,000?

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 $796,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$65,733$65,147$64,576$64,019$63,474$62,474
2 years$32,541$31,935$31,348$30,778$30,226$29,221
3 years$21,479$20,870$20,284$19,720$19,176$18,198
4 years$15,948$15,342$14,762$14,207$13,677$12,732
5 years$12,631$12,028$11,456$10,912$10,397$9,489
6 years$10,420$9,822$9,258$8,727$8,227$7,356
7 years$8,842$8,248$7,693$7,175$6,691$5,858
8 years$7,659$7,070$6,525$6,019$5,550$4,756
9 years$6,739$6,156$5,620$5,127$4,674$3,917
10 years$6,003$5,426$4,899$4,419$3,983$3,262
11 years$5,402$4,831$4,313$3,846$3,425$2,741
12 years$4,901$4,336$3,828$3,373$2,968$2,319
13 years$4,478$3,918$3,420$2,978$2,588$1,974
14 years$4,115$3,562$3,073$2,644$2,269$1,687
15 years$3,801$3,254$2,774$2,358$1,998$1,448
16 years$3,527$2,985$2,515$2,111$1,766$1,247
17 years$3,285$2,749$2,289$1,897$1,566$1,077
18 years$3,070$2,540$2,089$1,709$1,392$932
19 years$2,878$2,354$1,913$1,545$1,241$809
20 years$2,705$2,188$1,755$1,399$1,108$703
21 years$2,549$2,038$1,615$1,270$992$611
22 years$2,408$1,902$1,488$1,154$889$533
23 years$2,279$1,779$1,374$1,051$798$465
24 years$2,161$1,667$1,271$959$717$406
25 years$2,052$1,564$1,177$876$645$354
26 years$1,952$1,470$1,092$801$581$310
27 years$1,860$1,384$1,014$733$524$271
28 years$1,774$1,304$942$671$473$237
29 years$1,694$1,230$877$616$427$208
30 years$1,620$1,162$817$565$386$182
31 years$1,551$1,098$761$519$349$160
32 years$1,486$1,039$710$477$316$140
33 years$1,426$984$663$439$286$123
34 years$1,368$933$620$404$259$108
35 years$1,315$885$579$372$234$94
36 years$1,264$840$542$342$212$83
37 years$1,217$797$507$315$192$73
38 years$1,171$758$475$291$174$64
39 years$1,129$721$445$268$158$56
40 years$1,088$686$417$247$143$49
41 years$1,050$653$391$228$130$43
42 years$1,013$622$367$210$118$38
43 years$979$592$344$194$107$33
44 years$946$564$323$179$97$29
45 years$914$538$304$166$88$26
46 years$884$513$285$153$80$23
47 years$856$490$268$141$73$20
48 years$828$468$252$131$66$17
49 years$802$447$237$121$60$15
50 years$777$427$222$112$55$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $796,000, adding $3,717 every year, while hoping to spend $28,062 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: 41/36/23 Blend
68$796,000$796,000$796,000$796,000
69$881,026$838,838$826,500$911,050
70$941,033$850,083$824,330$944,156
71$1,006,220$860,939$821,147$977,015
72$1,077,086$871,357$816,887$1,012,020
73$1,154,180$881,284$811,483$1,049,384
74$1,238,105$890,666$804,867$1,089,343
75$1,329,525$899,442$796,964$1,132,156
76$1,429,173$907,551$787,698$1,178,111
77$1,537,851$914,923$776,988$1,227,529
78$1,656,446$921,489$764,752$1,280,762
79$1,785,932$927,171$750,900$1,338,200
80$1,927,383$931,887$735,340$1,400,277
81$2,081,979$935,553$717,977$1,467,469
82$2,251,021$938,075$698,709$1,540,307
83$2,435,940$939,356$677,432$1,619,375
84$2,638,314$939,292$654,033$1,705,320
85$2,859,878$937,774$628,400$1,798,858
86$3,102,544$934,683$600,409$1,900,779
87$3,368,417$929,896$569,937$2,011,959
88$3,659,816$923,281$536,850$2,133,362
89$3,979,293$914,698$501,011$2,266,059
90$4,329,662$904,000$462,275$2,411,229
91$4,714,020$891,028$420,494$2,570,176
92$5,135,778$875,616$375,508$2,744,343
93$5,598,695$857,589$327,155$2,935,321
94$6,106,910$836,759$275,263$3,144,871
95$6,664,983$812,928$219,653$3,374,934
96$7,277,938$785,888$160,137$3,627,657
97$7,951,307$755,416$96,521$3,905,411
98$8,691,187$721,278$28,601$4,210,813
99$9,504,293$683,226$0$4,546,753
100$10,398,024$640,997$0$4,927,190