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%16.5%
1 years$66,228$65,638$65,063$64,501$63,953$62,255
2 years$32,786$32,176$31,584$31,010$30,454$28,755
3 years$21,640$21,027$20,437$19,869$19,321$17,675
4 years$16,069$15,457$14,873$14,314$13,780$12,199
5 years$12,726$12,119$11,542$10,995$10,475$8,963
6 years$10,499$9,896$9,328$8,792$8,289$6,848
7 years$8,909$8,310$7,751$7,229$6,741$5,371
8 years$7,716$7,124$6,574$6,064$5,592$4,292
9 years$6,789$6,202$5,662$5,165$4,710$3,478
10 years$6,048$5,467$4,936$4,452$4,013$2,849
11 years$5,443$4,867$4,346$3,875$3,451$2,353
12 years$4,938$4,368$3,857$3,399$2,991$1,956
13 years$4,511$3,948$3,446$3,001$2,608$1,635
14 years$4,146$3,588$3,096$2,664$2,286$1,373
15 years$3,830$3,278$2,795$2,376$2,013$1,156
16 years$3,553$3,008$2,534$2,127$1,779$977
17 years$3,309$2,770$2,306$1,911$1,577$827
18 years$3,093$2,559$2,105$1,722$1,402$702
19 years$2,900$2,372$1,927$1,556$1,250$597
20 years$2,726$2,204$1,769$1,409$1,117$508
21 years$2,569$2,053$1,627$1,279$999$433
22 years$2,426$1,917$1,499$1,163$896$370
23 years$2,296$1,793$1,384$1,059$804$316
24 years$2,177$1,679$1,280$966$723$270
25 years$2,068$1,576$1,186$882$650$231
26 years$1,967$1,481$1,100$807$586$197
27 years$1,874$1,394$1,021$738$528$169
28 years$1,787$1,314$949$677$477$145
29 years$1,707$1,239$884$620$430$124
30 years$1,633$1,170$823$569$389$106
31 years$1,563$1,106$767$523$351$91
32 years$1,497$1,047$716$481$318$78
33 years$1,436$991$668$442$288$67
34 years$1,379$940$625$407$261$57
35 years$1,325$891$584$374$236$49
36 years$1,274$846$546$345$214$42
37 years$1,226$803$511$318$194$36
38 years$1,180$764$479$293$176$31
39 years$1,137$726$449$270$159$27
40 years$1,096$691$420$249$144$23
41 years$1,058$658$394$230$131$20
42 years$1,021$626$370$212$119$17
43 years$986$597$347$196$108$14
44 years$953$569$326$181$98$12
45 years$921$542$306$167$89$11
46 years$891$517$287$154$81$9
47 years$862$494$270$142$73$8
48 years$835$471$254$132$67$7
49 years$808$450$238$122$60$6
50 years$783$430$224$112$55$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $802,000, adding $6,258 every year, while hoping to spend $56,728 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: 55/35/10 Blend
68$802,000$802,000$802,000$802,000
69$890,259$847,753$835,322$936,675
70$920,707$828,935$802,947$949,992
71$952,360$807,293$767,587$957,722
72$985,280$782,630$729,080$964,791
73$1,019,535$754,735$687,261$971,144
74$1,055,198$723,387$641,954$976,727
75$1,092,345$688,350$592,977$981,481
76$1,131,062$649,377$540,138$985,347
77$1,171,437$606,203$483,240$988,263
78$1,213,568$558,552$422,073$990,163
79$1,257,560$506,129$356,421$990,981
80$1,303,526$448,624$286,056$990,648
81$1,351,588$385,709$210,740$989,093
82$1,401,877$317,036$130,228$986,245
83$1,454,538$242,240$44,260$982,027
84$1,509,725$160,934$0$976,366
85$1,567,605$72,708$0$974,249
86$1,628,362$0$0$975,902
87$1,692,193$0$0$985,357
88$1,759,314$0$0$1,024,771
89$1,829,959$0$0$1,066,279
90$1,904,381$0$0$1,110,037
91$1,982,860$0$0$1,156,210
92$2,065,696$0$0$1,204,981
93$2,153,221$0$0$1,256,548
94$2,245,793$0$0$1,311,127
95$2,343,805$0$0$1,368,956
96$2,447,685$0$0$1,430,292
97$2,557,904$0$0$1,495,418
98$2,674,971$0$0$1,564,642
99$2,799,449$0$0$1,638,304
100$2,931,950$0$0$1,716,772