Can I retire at age 69 with 798,000?

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 $798,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$65,898$65,311$64,738$64,179$63,634$63,100
2 years$32,623$32,015$31,426$30,856$30,302$29,764
3 years$21,533$20,922$20,335$19,769$19,225$18,700
4 years$15,988$15,380$14,799$14,243$13,711$13,203
5 years$12,663$12,058$11,484$10,940$10,423$9,933
6 years$10,447$9,846$9,281$8,749$8,247$7,776
7 years$8,864$8,269$7,713$7,193$6,707$6,254
8 years$7,678$7,088$6,541$6,034$5,564$5,130
9 years$6,756$6,171$5,634$5,139$4,686$4,271
10 years$6,018$5,440$4,912$4,430$3,993$3,596
11 years$5,415$4,843$4,324$3,856$3,434$3,055
12 years$4,913$4,347$3,838$3,382$2,976$2,615
13 years$4,489$3,928$3,429$2,986$2,595$2,251
14 years$4,125$3,570$3,081$2,650$2,275$1,948
15 years$3,811$3,262$2,781$2,364$2,003$1,693
16 years$3,535$2,993$2,522$2,116$1,770$1,476
17 years$3,293$2,756$2,295$1,902$1,569$1,291
18 years$3,078$2,547$2,095$1,714$1,395$1,132
19 years$2,885$2,360$1,918$1,548$1,244$995
20 years$2,712$2,193$1,760$1,402$1,111$876
21 years$2,556$2,043$1,619$1,273$994$772
22 years$2,414$1,907$1,492$1,157$891$682
23 years$2,285$1,784$1,378$1,054$800$603
24 years$2,166$1,671$1,274$961$719$534
25 years$2,057$1,568$1,180$878$647$473
26 years$1,957$1,474$1,094$803$583$420
27 years$1,864$1,387$1,016$735$525$373
28 years$1,779$1,307$945$673$474$331
29 years$1,699$1,233$879$617$428$294
30 years$1,624$1,165$819$567$387$261
31 years$1,555$1,101$763$520$350$233
32 years$1,490$1,042$712$478$316$207
33 years$1,429$986$665$440$286$184
34 years$1,372$935$621$405$259$164
35 years$1,318$887$581$372$235$146
36 years$1,267$842$543$343$213$130
37 years$1,220$799$509$316$193$116
38 years$1,174$760$476$291$175$103
39 years$1,132$722$446$269$159$92
40 years$1,091$687$418$248$144$82
41 years$1,053$654$392$229$130$73
42 years$1,016$623$368$211$118$65
43 years$981$594$345$195$107$58
44 years$948$566$324$180$98$52
45 years$917$540$304$166$89$46
46 years$887$515$286$153$80$41
47 years$858$491$269$142$73$37
48 years$830$469$252$131$66$33
49 years$804$448$237$121$60$29
50 years$779$428$223$112$55$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $798,000, adding $2,114 every year, while hoping to spend $59,081 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: 83/12/5 Blend
68$798,000$798,000$798,000$798,000
69$881,577$839,283$826,914$954,521
70$908,636$817,546$791,753$980,716
71$936,475$792,764$753,435$1,001,262
72$965,111$764,725$711,791$1,021,961
73$994,561$733,205$666,645$1,042,792
74$1,024,841$697,967$617,813$1,063,730
75$1,055,969$658,762$565,103$1,084,748
76$1,087,960$615,323$508,316$1,105,819
77$1,120,828$567,370$447,241$1,126,910
78$1,154,588$514,607$381,660$1,147,986
79$1,189,255$456,721$311,344$1,169,008
80$1,224,839$393,381$236,054$1,189,933
81$1,261,354$324,237$155,543$1,210,716
82$1,298,807$248,920$69,549$1,231,305
83$1,337,208$167,040$0$1,251,646
84$1,376,562$78,184$0$1,272,862
85$1,416,873$0$0$1,297,739
86$1,458,143$0$0$1,324,894
87$1,500,371$0$0$1,363,240
88$1,543,550$0$0$1,402,449
89$1,587,674$0$0$1,442,511
90$1,632,728$0$0$1,483,416
91$1,678,696$0$0$1,525,147
92$1,725,555$0$0$1,567,683
93$1,773,276$0$0$1,610,997
94$1,821,823$0$0$1,655,056
95$1,871,154$0$0$1,699,821
96$1,921,217$0$0$1,745,245
97$1,971,951$0$0$1,791,271
98$2,023,286$0$0$1,837,834
99$2,075,138$0$0$1,884,859
100$2,127,411$0$0$1,932,255