Can I retire at age 69 with 802,000?

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 $802,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$66,228$65,638$65,063$64,501$63,953$63,630
2 years$32,786$32,176$31,584$31,010$30,454$30,128
3 years$21,640$21,027$20,437$19,869$19,321$19,002
4 years$16,069$15,457$14,873$14,314$13,780$13,471
5 years$12,726$12,119$11,542$10,995$10,475$10,176
6 years$10,499$9,896$9,328$8,792$8,289$8,001
7 years$8,909$8,310$7,751$7,229$6,741$6,464
8 years$7,716$7,124$6,574$6,064$5,592$5,326
9 years$6,789$6,202$5,662$5,165$4,710$4,455
10 years$6,048$5,467$4,936$4,452$4,013$3,769
11 years$5,443$4,867$4,346$3,875$3,451$3,218
12 years$4,938$4,368$3,857$3,399$2,991$2,768
13 years$4,511$3,948$3,446$3,001$2,608$2,395
14 years$4,146$3,588$3,096$2,664$2,286$2,083
15 years$3,830$3,278$2,795$2,376$2,013$1,820
16 years$3,553$3,008$2,534$2,127$1,779$1,596
17 years$3,309$2,770$2,306$1,911$1,577$1,403
18 years$3,093$2,559$2,105$1,722$1,402$1,237
19 years$2,900$2,372$1,927$1,556$1,250$1,094
20 years$2,726$2,204$1,769$1,409$1,117$969
21 years$2,569$2,053$1,627$1,279$999$859
22 years$2,426$1,917$1,499$1,163$896$763
23 years$2,296$1,793$1,384$1,059$804$679
24 years$2,177$1,679$1,280$966$723$605
25 years$2,068$1,576$1,186$882$650$539
26 years$1,967$1,481$1,100$807$586$481
27 years$1,874$1,394$1,021$738$528$430
28 years$1,787$1,314$949$677$477$384
29 years$1,707$1,239$884$620$430$344
30 years$1,633$1,170$823$569$389$308
31 years$1,563$1,106$767$523$351$275
32 years$1,497$1,047$716$481$318$247
33 years$1,436$991$668$442$288$221
34 years$1,379$940$625$407$261$198
35 years$1,325$891$584$374$236$178
36 years$1,274$846$546$345$214$159
37 years$1,226$803$511$318$194$143
38 years$1,180$764$479$293$176$128
39 years$1,137$726$449$270$159$115
40 years$1,096$691$420$249$144$104
41 years$1,058$658$394$230$131$93
42 years$1,021$626$370$212$119$83
43 years$986$597$347$196$108$75
44 years$953$569$326$181$98$67
45 years$921$542$306$167$89$61
46 years$891$517$287$154$81$54
47 years$862$494$270$142$73$49
48 years$835$471$254$132$67$44
49 years$808$450$238$122$60$39
50 years$783$430$224$112$55$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $802,000, adding $6,357 every year, while hoping to spend $32,630 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: 62/15/23 Blend
68$802,000$802,000$802,000$802,000
69$890,361$847,855$835,424$939,812
70$946,460$854,682$828,693$980,846
71$1,007,187$860,750$820,642$1,021,464
72$1,072,981$865,987$811,194$1,065,083
73$1,144,321$870,317$800,266$1,112,001
74$1,221,738$873,659$787,771$1,162,545
75$1,305,814$875,926$773,620$1,217,079
76$1,397,188$877,028$757,717$1,276,003
77$1,496,566$876,866$739,965$1,339,759
78$1,604,720$875,338$720,259$1,408,836
79$1,722,506$872,333$698,491$1,483,775
80$1,850,859$867,735$674,548$1,565,169
81$1,990,813$861,421$648,312$1,653,678
82$2,143,504$853,259$619,659$1,750,028
83$2,310,183$843,110$588,459$1,855,021
84$2,492,227$830,828$554,578$1,969,542
85$2,691,151$816,255$517,873$2,094,569
86$2,908,624$799,226$478,197$2,231,181
87$3,146,482$779,568$435,395$2,380,569
88$3,406,750$757,093$389,307$2,544,047
89$3,691,653$731,605$339,764$2,723,067
90$4,003,645$702,897$286,589$2,919,229
91$4,345,427$670,749$229,600$3,134,302
92$4,719,973$634,928$168,604$3,370,236
93$5,130,559$595,188$103,401$3,629,182
94$5,580,792$551,269$33,782$3,913,515
95$6,074,648$502,896$0$4,225,855
96$6,616,502$449,778$0$4,579,036
97$7,211,176$391,608$0$4,975,797
98$7,863,980$328,061$0$5,411,417
99$8,580,764$258,794$0$5,889,838
100$9,367,972$183,444$0$6,415,405