Can I retire at age 69 with 797,000?

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 $797,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$65,816$65,229$64,657$64,099$63,554$61,817
2 years$32,582$31,975$31,387$30,817$30,264$28,527
3 years$21,506$20,896$20,309$19,745$19,201$17,517
4 years$15,968$15,361$14,780$14,225$13,694$12,078
5 years$12,647$12,043$11,470$10,926$10,410$8,865
6 years$10,433$9,834$9,269$8,738$8,237$6,765
7 years$8,853$8,259$7,703$7,184$6,699$5,300
8 years$7,668$7,079$6,533$6,026$5,557$4,231
9 years$6,747$6,164$5,627$5,133$4,680$3,425
10 years$6,011$5,433$4,905$4,425$3,988$2,801
11 years$5,409$4,837$4,319$3,851$3,430$2,311
12 years$4,907$4,341$3,833$3,378$2,972$1,919
13 years$4,483$3,923$3,424$2,982$2,592$1,602
14 years$4,120$3,566$3,077$2,647$2,272$1,343
15 years$3,806$3,258$2,778$2,361$2,000$1,129
16 years$3,531$2,989$2,519$2,114$1,768$953
17 years$3,289$2,753$2,292$1,899$1,568$806
18 years$3,074$2,544$2,092$1,712$1,394$683
19 years$2,882$2,357$1,915$1,547$1,242$580
20 years$2,709$2,191$1,758$1,401$1,110$493
21 years$2,553$2,040$1,617$1,271$993$419
22 years$2,411$1,905$1,490$1,156$890$357
23 years$2,282$1,781$1,376$1,053$799$305
24 years$2,163$1,669$1,272$960$718$260
25 years$2,055$1,566$1,178$877$646$222
26 years$1,955$1,472$1,093$802$582$190
27 years$1,862$1,385$1,015$734$525$162
28 years$1,776$1,305$944$672$474$139
29 years$1,697$1,232$878$617$428$119
30 years$1,622$1,163$818$566$386$101
31 years$1,553$1,099$762$520$349$87
32 years$1,488$1,040$711$478$316$74
33 years$1,427$985$664$439$286$64
34 years$1,370$934$621$404$259$54
35 years$1,316$886$580$372$234$47
36 years$1,266$841$543$343$212$40
37 years$1,218$798$508$316$193$34
38 years$1,173$759$476$291$175$29
39 years$1,130$721$446$268$158$25
40 years$1,090$686$418$247$144$21
41 years$1,051$653$392$228$130$18
42 years$1,015$622$367$211$118$16
43 years$980$593$345$194$107$14
44 years$947$565$324$180$97$12
45 years$915$539$304$166$88$10
46 years$885$514$285$153$80$8
47 years$857$491$268$142$73$7
48 years$829$468$252$131$66$6
49 years$803$447$237$121$60$5
50 years$778$427$223$112$55$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $797,000, adding $2,916 every year, while hoping to spend $47,319 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: 61/24/15 Blend
68$797,000$797,000$797,000$797,000
69$881,302$839,061$826,707$931,593
70$920,848$829,828$804,055$956,556
71$962,841$818,556$779,058$978,197
72$1,007,482$805,097$751,587$1,000,688
73$1,054,989$789,290$721,509$1,024,114
74$1,105,601$770,969$688,683$1,048,572
75$1,159,580$749,954$652,962$1,074,171
76$1,217,213$726,057$614,192$1,101,033
77$1,278,814$699,080$572,213$1,129,294
78$1,344,728$668,809$526,857$1,159,106
79$1,415,333$635,024$477,949$1,190,641
80$1,491,043$597,486$425,306$1,224,089
81$1,572,312$555,946$368,737$1,259,663
82$1,659,641$510,140$308,042$1,297,602
83$1,753,576$459,788$243,013$1,338,171
84$1,854,719$404,596$173,433$1,381,667
85$1,963,730$344,251$99,072$1,428,420
86$2,081,335$278,424$19,696$1,478,798
87$2,208,330$206,766$0$1,533,211
88$2,345,593$128,910$0$1,602,520
89$2,494,084$44,468$0$1,680,869
90$2,654,863$0$0$1,765,710
91$2,829,092$0$0$1,870,120
92$3,018,051$0$0$1,996,145
93$3,223,146$0$0$2,132,985
94$3,445,924$0$0$2,281,680
95$3,688,087$0$0$2,443,372
96$3,951,507$0$0$2,619,320
97$4,238,244$0$0$2,810,906
98$4,550,563$0$0$3,019,652
99$4,890,960$0$0$3,247,235
100$5,262,180$0$0$3,495,498